Common use of Principal and Interest Account Clause in Contracts

Principal and Interest Account. (a) The Servicer shall establish and maintain at one or more Designated Depository Institutions the Principal and Interest Account, which shall be an Eligible Account. The Principal and Interest Account shall be identified on the records of the Designated Depository Institution as follows: JPMorgan Chase Bank, National Association, as Trustee on behalf of the Owners of the Centex Home Equity Loan Trust 20__-__ Home Equity Loan Asset-

Principal and Interest Account. (a) The Servicer shall establish and maintain at one or more Designated Depository Institutions the Principal and Interest Account, which Account to be held as a trust account. The Principal and Interest Account shall be an Eligible Account. The Each Principal and Interest Account shall be identified on the records of the Designated Depository Institution as follows: JPMorgan Chase BankNorwest Bank Minnesota, National Association, as Trustee on behalf of Financial Security Assurance Inc. and the Owners of the Centex Home Equity Loan Trust 20__-__ Home Equity Loan Asset-1999-2 Home