Common use of Net WAC Rate Carryover Reserve Account Clause in Contracts

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan Trust, Series 0000-XX0, Xxxxx Backed Pass-Through Certificates.” On the Business Day prior to each Distribution Date, the Trustee will deposit any amounts received under the Cap Contracts into the Net WAC Carryover Reserve Account. All amounts deposited in the Net WAC Rate Carryover Reserve Account shall be distributed to the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4).

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2004-W5.” " On the Business Day prior to each Distribution Closing Date, the Trustee will deposit any amounts received under the Cap Contracts xxx Xxxxxxxor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2003-W3.” " On the Business Day prior to each Distribution Closing Date, the Trustee xxx Xxxxxxtor will deposit any amounts received under the Cap Contracts deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contract and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2003-W9.” " On the Business Day prior to each Distribution Closing Date, the Trustee will deposit any amounts received under the Cap Contracts xxx Xxxxxxtor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2003-W4.” " On the Business Day prior to each Distribution Closing Date, the Trustee xxx Xxxxxxtor will deposit any amounts received under the Cap Contracts deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2004-W1.” " On the Business Day prior to each Distribution Closing Date, the Trustee will deposit any amounts received under the Cap Contracts xxx Xxxxxxtor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2004-W4.” " On the Business Day prior to each Distribution Closing Date, the Trustee will deposit any amounts received under the Cap Contracts xxx Xxxxxxxor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contract and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2003-W6.” " On the Business Day prior to each Distribution Closing Date, the Trustee will deposit any amounts received under the Cap Contracts xxx Xxxxxxtor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2004-W8.” " On the Business Day prior to each Distribution Closing Date, the Trustee will deposit any amounts received under the Cap Contracts xxx Xxxxxxtor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2004-W6.” " On the Business Day prior to each Distribution Closing Date, the Trustee will deposit any amounts received under the Cap Contracts xxx Xxxxxxtor shall deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Carrington Mortgage Loan TrustLoax Xxxxx, Series 0000Xeries 2004-XX0NC2, Xxxxx Asset Backed PassXxxx-Through CertificatesXxxxxxx Xxrtificates.” " On the Business Day prior to each Distribution Date, the Trustee will deposit any amounts received under the Cap Contracts into the Net WAC Carryover Reserve Account. All amounts deposited in the Net WAC Rate Carryover Reserve Account shall be distributed to the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4).

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2003-W1.” " On the Business Day prior to each Distribution Closing Date, the Trustee xxx Xxxxxxxor will deposit any amounts received under the Cap Contracts deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Carrington Mortgage Loan TrustLoax Xxxxx, Series 0000Xeries 2005-XX0NC1, Xxxxx Asset Backed PassXxxx-Through CertificatesXxxxxxx Xxrtificates.” " On the Business Day prior to each Distribution Date, the Trustee will deposit any amounts received under the Cap Contracts into the Net WAC Carryover Reserve Account. All amounts deposited in the Net WAC Rate Carryover Reserve Account shall be distributed to the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4).

Net WAC Rate Carryover Reserve Account. (a) No later than the Closing Date, the Trustee shall establish and maintain with itself, as agent for the Trustee, a separate, segregated trust account titled, “"Net WAC Rate Carryover Reserve Account, Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of Xxxxxxxxxx Mortgage Loan TrustArgent Securities Inc., Series 0000Asset-XX0, Xxxxx Backed Pass-Through Certificates, Series 2003-W5.” " On the Business Day prior to each Distribution Closing Date, the Trustee xxx Xxxxxxtor will deposit any amounts received under the Cap Contracts deposit, or cause to be deposited, into the Net WAC Rate Carryover Reserve AccountAccount $1,000. All amounts deposited In addition, the amount in the Net WAC Rate Carryover Reserve Account shall be distributed to include any payments received by the Trustee under the Cap Contracts and deposited into the Net WAC Rate Carryover Reserve Account for the benefit of the Holders of the Class A Certificates and the Mezzanine Certificates in the manner set forth in Section 4.01(a)(4)Offered Certificates.