Rounding Account. On each Distribution Date on which a distribution is made in reduction of the Class Certificate Balance of the Class A-13 Certificates, funds on deposit in the Class A-13 Rounding Account shall be, to the extent needed, withdrawn by the Trustee and applied to round upward to an integral multiple of $1,000 the aggregate distribution in reduction of the Class Certificate Balance to be made on the Class A-13 Certificates. Rounding of such distribution on the Class A-13 Certificates shall be accomplished, on the first such Distribution Date, by withdrawing from the Class A-13 Rounding Account the amount of funds, if any, needed to round the amount otherwise available for such distribution in reduction of the Class Certificate Balance of the Class A-13 Certificates upward to the next integral multiple of $1,000. On each succeeding Distribution Date on which distributions in reduction of the Class Certificate Balance of the Class A-13 Certificates are to be made, the aggregate amount of such distributions allocable to the Class A-13 Certificates shall be applied first to repay any funds withdrawn from the Class A-13 Rounding Account and not previously repaid, and then the remainder of such allocable amount, if any, shall be similarly rounded upward and applied as distributions in reduction of the Class Certificate Balance of the Class A-13 Certificates; this process shall continue on succeeding Distribution Dates until the Class Certificate Balance of the Class A-13 Certificates has been reduced to zero. The Class A-13 Rounding Account shall be an "outside reserve fund" under the REMIC Provisions that is beneficially owned for all federal income tax purposes by Donaldson, Lufkin & Jenrette Securxxxxx Xxxporation. Dxxxxxxxx, Lufkin & Jenrette Securxxxxx Xxxporation shxxx xxxxrt all income, gain, deduction or loss with respect thereto. The Trustee shall distribute interest earnings, if any, on amounts held in the Class A-13 Rounding Account as such interest is earned pursuant to written instructions from Donaldson, Lufkin & Jenrette Securxxxxx Xxxporation to xxx Xxxstee. Notwithstanding anything herein to the contrary, on the Distribution Date on which distributions in reduction of the Class Certificate Balance of the Class A-13 Certificates will reduce the Class Certificate Balance thereof to zero or in the event that distributions in reduction of the Class Certificate Balance of the Class A-13 Certificates are made in accordance with the provisions set forth in ...
Rounding Account. No later than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, Bank One, National Association, as trustee for the registered holders of Residential Funding Mortgage Securities I, Inc., Mortgage Pass-Through Certificates, Series 2003-S13, Class A-3." On the Closing Date, the Underwriter shall deposit with the Trustee, and the Trustee shall deposit into the Rounding Account, cash in an amount equal to $999.99. The Trustee on each Distribution Date shall, based upon information provided by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Holders of the Insured Certificates pursuant to Section 4.02(i). In addition, the Trustee on each Distribution Date shall, based upon information provided by the Master Servicer for the related Distribution Date, withdraw funds from the Certificate Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 4.02(i).
Rounding Account. On the Closing Date, the Underwriter shall deliver to the Trustee by wire transfer or by certified check an amount equal to $999.99 for deposit in each Rounding Account (as such term is defined in the Prospectus Supplement).
Rounding Account. (a) No later than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, Bank One, National Association, as trustee for the registered holders of Structured Asset Mortgage Investments Inc., Mortgage Pass-Through Certificates, Series 2002-4, Class I-A-6." On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit with the Trustee, and the Trustee shall deposit into the Rounding Account, cash in an amount equal to $999.99.
(b) The Trustee on each Distribution Date shall, based upon information provided by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Certificate Owners of the Insured Certificates pursuant to Section 6.01(g). In addition, the Trustee on each Distribution Date shall, based upon information provided by the Master Servicer for the related Distribution Date, withdraw funds from the Distribution Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(g).
Rounding Account. 111 Section 6.11 Principal Distributions on the Insured Certificates ............................... 112 - ii -
Rounding Account. On each Distribution Date on which a distribution is made in reduction of the Class Principal Balance of the Class 2-A-4 Certificates, funds on deposit in the Class 2-A-4 Rounding Account shall be, to the extent needed, withdrawn by the Securities Administrator and applied to round upward to an integral multiple of $1,000 the aggregate distribution in reduction of the Class Principal Balance to be made on the Class 2-A-4 Certificates. Rounding of such distribution on the Class 2-A-4 Certificates shall be accomplished, on the first such Distribution Date, by withdrawing from the Class 2-A-4 Rounding Account the amount of funds, if any, needed to round the amount otherwise available for such distribution in reduction of the Class Principal Balance of the Class 2-A-4 Certificates upward to the next integral multiple of $1,000. On each succeeding Distribution Date on which distributions in reduction of the Class Principal Balance of the Class 2-A-4 Certificates are to be made, the aggregate amount of such distributions allocable to the Class 2-A-4 Certificates shall be applied first to repay any funds withdrawn from the Class 2-A-4 Rounding Account and not previously repaid, and then the remainder of such allocable amount, if any, shall be similarly rounded upward and applied as distributions in reduction of the Class Principal Balance of the Class 2-A-4 Certificates; this process shall continue on succeeding Distribution Dates until the Class Principal Balance of the Class 2-A-4 Certificates has been reduced to zero. The Class 2-A-4 Rounding Account shall be an "outside reserve fund" under the REMIC Provisions that is beneficially owned for all federal income tax purposes by Morgan Stanley & Co. Incorporated, xxx Mxxxxx Xtanley & Co. Incorporated xxxxx xxxxxx all income, gain, deduction or loss with respect thereto. The Class 2-A-4 Rounding Account shall remain uninvested.
Rounding Account. 45 Section 4.12 Principal Distributions on the Insured Certificates...................46 ARTICLE V THE CERTIFICATES ARTICLE VI THE COMPANY AND THE MASTER SERVICER
Rounding Account. No later than the Closing Date, the Trustee shall establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, Bank One, National Association, as trustee for the registered holders of Residential Asset Mortgage Products, Inc., GMACM Mortgage Pass-Through Certificates, Series 2001-J5, Class A-6." On the Closing Date, the Underwriter shall deposit with the Trustee, and the Trustee shall deposit into the Rounding Account, cash in an amount equal to $999.99. The Trustee on each Distribution Date shall, based upon information provided by the Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay to the holders of the Insured Certificates pursuant to Section 4.02(h) the Rounding Amount. In addition, the Trustee on each Distribution Date shall, based upon information provided by the Servicer for the related Distribution Date, withdraw funds from the Payment Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 4.02(h). Any amounts remaining in the Rounding Account on the date on which the Certificate Principal Balance of the Insured Certificates has been reduced to zero, or the Trust Fund is terminated, whichever occurs earlier, shall be paid to the Holders of the Class R-II Certificates.
Rounding Account. 93 Section 6.10 PRINCIPAL DISTRIBUTIONS ON THE INSURED CERTIFICATES...................................93
Rounding Account. No later than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, U.S. Bank National Association, as trustee for the registered holders of Residential Funding Mortgage Securities I, Inc., Mortgage Pass-Through Certificates, Series 2005-S2, Class A-1." On the Closing Date, the Senior Underwriter shall deposit with the Trustee, and the Trustee shall deposit into the Rounding Account, cash in an amount equal to $999.99. The Senior Underwriter shall be designated as the owner of the Rounding Account. The Trustee on each Distribution Date shall, based upon information provided by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Holders of the Insured Certificates pursuant to Section 4.02(i). In addition, the Trustee on each Distribution Date shall, based upon information provided by the Master Servicer for the related Distribution Date, withdraw funds from the Certificate Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 4.02(i).
