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: Bank One, National Association, as Trustee on behalf of the Owners of the Centex Home Equity Loan Trust 200_-__ Home Equity Loan Asset-

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Funding LLC)

AutoNDA by SimpleDocs

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: Bank One, National Association, as Trustee on behalf of MBIA Insurance Corporation and the Owners of the Centex Home Equity Loan Trust 200_-__ 2001-A Home Equity Loan Asset-

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Centex Home Equity Loan Asset Backed Certs Series 2001 A)

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: Bank One, National Association, as Trustee on behalf of Financial Security Assurance Inc. and the Owners of the Centex Home Equity Loan Trust 200_-__ 2000-A Home Equity Loan Asset-

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2000-A)

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: Bank One, National Association________________, as Trustee on behalf of [MBIA Insurance Corporation] and the Owners of the Centex Home Equity Loan Trust 200_-2000-__ Home Equity Loan Asset-

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chec Funding LLC)

AutoNDA by SimpleDocs

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: Bank One, National Association, as Trustee on behalf of Financial Security Assurance Inc. and the Owners of the Centex Home Equity Loan Trust 200_-__ Home Equity Loan Asset-2000-B Home

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Centex Credit Corp Home Eq Ln Asset Backed Cert Ser 2000 B)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!