Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trust Administrator shall establish a separate account (the “Rounding Account”) with respect to the Special Retail Certificates, and the Underwriter shall deposit an amount equal to $999.99 in the Rounding Account. The Trust Administrator shall maintain the Rounding Account to provide, if needed, the Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trust Administrator determines based on the information provided by the Master Servicer that amounts are available out of the Group 2 Available Funds (after giving effect to the last sentence of this paragraph) for distributions of principal on the Special Retail Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trust Administrator shall withdraw from the Rounding Account an amount which, when added to the amount allocable to such distributions of principal for the Special Retail Certificates, would be an integral multiple of $1,000 (the “Rounding Amount”). On each Distribution Date prior to the date on which any Realized Loss would decrease the Class Principal Balance of the Special Retail Certificates, with respect to which the Trust Administrator determines that amounts are available out of Group 2 Available Funds for distributions of principal on the Special Retail Certificates, the aggregate amount allocable to such Class will be applied first to repay any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid. For federal tax return and information reporting purposes, the Rounding Account shall be considered to have a value of $999.99. Any amounts withdrawn by the Trust Administrator from the Rounding Account shall be deposited in the Distribution Account for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date the Class Principal Balance of the Special Retail Certificates has been reduced to zero or the date on which the Class 1-A-3 Insurer fails to make an Insured Payment in respect of principal, the Trust Administrator shall remit to the Underwriter any amounts remaining in the Rounding Account. Amounts on deposit in the Rounding Account shall not be invested. The Rounding Account established hereunder shall be an asset of the Master REMIC, (B) the Rounding Account Regular Interest shall be owned for federal t...
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee shall establish the Rounding Account, and the Underwriter shall deposit $999.99 in the Rounding Account. The Master Servicer shall maintain such account to provide, if needed, the Rounding Amount on any Distribution Date. For the Class of Special Retail Certificates, on the first Distribution Date with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), and the aggregate amount of such principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw such Rounding Amount from the Rounding Account. On each succeeding Distribution Date, prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to such Class of Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), the aggregate amount of such principal will be applied first to repay to the Rounding Account any funds withdrawn from such Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of such aggregate amount of principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw from the Rounding Account, to the extent funds are available therein, the amount so notified by the Master Servicer. Any amounts withdrawn by the Trustee from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of the Class of Special Retail Certificates as described in the immediately preceding paragraph (and shall be deemed to have been distributed to the Corresponding Class of such Class of Special Retail Certificates, as applicable, and deposited for its benefit into the Certificate Account in accordance with Section 4.04(ii)). Amounts on deposit in the Rounding Account shall not be invested. On the first Distribution Date after the earliest of (i) the Credit Support Depletion Date, (ii) the date on which any loss is allocated to the Special Retai...
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee shall establish the Rounding Account, and the Underwriter shall deposit $999.99
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Servicer shall establish the Rounding Account and Xxxxxx Brothers Inc. shall deposit $999.99
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Servicer shall establish the Rounding Account and Xxxxxxx Lynch, Pierce, Xxxxxx & Xxxxx Incorporated shall deposit $1,999.98 therein. The Servicer shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. On the first Distribution Date with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-2 or Class A-5 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000.00, the Servicer shall withdraw from the Rounding Account the applicable Rounding Amount. On each succeeding Distribution Date, prior to the Credit Support Depletion Date, with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-2 or Class A-5 Certificates, the aggregate amount allocable to each such Class will be applied first to replenish any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of the aggregate amount allocable to distributions of principal on each such Class is not an amount equal to an integral multiple of $1,000.00, the Servicer shall withdraw from the Rounding Account, to the extent funds are available therein, the applicable Rounding Amount. Any amounts withdrawn by the Servicer from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of Class A-2 or Class A-5 Certificates as described in the immediately preceding paragraph. Funds held in the Certificate Account shall be invested as described in Section 4.05. On or promptly after the Credit Support Depletion Date, the Servicer shall be entitled to withdraw and pay to itself as additional compensation any remaining amounts on deposit in the Rounding Account. [END OF ARTICLE V]
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Servicer shall establish the Rounding Account and Greenwich Capital Markets, Inc. shall deposit $999.99
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Servicer shall establish the Rounding Account and Chase Securities Inc. shall deposit $999.99
Maintenance of the Rounding Account; Collections Thereunder. (a) On or prior to the Closing Date, the Paying Agent shall establish the Rounding Account, which shall be non-interest bearing, and Xxxxxxx, Xxxxx & Co. shall deposit $999.99
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Certificate Administrator shall establish the Rounding Account and Xxxxxxxxx, Xxxxxx and Xxxxxxxx Securities Corporation shall deposit $3,999.96
Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Servicer shall establish the Rounding Account and Credit Suisse First Boston Corporation shall deposit $3,999.96
