Common use of Rounding Account Clause in Contracts

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).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Mort Pass THR Cert Ser 2002-4)

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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, U.S. Bank One, National Association, as trustee for the registered holders of Structured Asset Residential Funding Mortgage Investments Securities I, Inc., Mortgage Pass-Through Certificates, Series 20022005-4S5, Class I-A-6A-2." On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit deposit 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 Holders of the Insured Certificates pursuant to Section 6.01(g4.02(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 Distribution Certificate Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(g4.02(i).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (RFMSI Series 2005-S5 Trust)

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, U.S. Bank One, National Association, as trustee for the registered holders of Structured Asset Prime Mortgage Investments Inc.Trust 2003-3, Mortgage Pass-Through Certificates, Series 20022003-43, Class I-A-6." On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit deposit 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 to it 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 to it 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).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust Mortgage Pass-Through Cert Ser 2003-3)

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, JPMorgan Chase Bank One, National AssociationN.A., as trustee for the registered holders of Structured Asset Prime Mortgage Investments Inc.Trust 2005-1, Mortgage Pass-Through Certificates, Series 20022005-41, Class I-A-6A-3." On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit shall deposit with the Trustee, and the Trustee shall deposit shalx xxxxxit into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it 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)6.01. In addition, the Trustee on each Distribution Date shall, based upon information provided to it 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)6.01.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1)

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, JPMorgan Chase Bank One, National AssociationN.A., as trustee for the registered holders of Structured Asset Prime Mortgage Investments Inc.Trust 2005-1, Mortgage Pass-Through Certificates, Series 20022005-41, Class I-A-6A-3." On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit shall deposit with the Trustee, and the Trustee shall deposit xxxxxxt into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it 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)6.01. In addition, the Trustee on each Distribution Date shall, based upon information provided to it 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)6.01.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates & Re-Remic Certificates, Series 2005-1)

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Rounding Account. (a) No later than the xxxx xxe 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 One, National Association, as trustee for the registered holders of Structured Asset Prime Mortgage Investments Inc.Trust 2004-1, Mortgage Pass-Through Certificates, Series 20022004-41, Class I-A-6A-5." On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit shall deposit with the Trustee, and the Trustee shall deposit shaxx xxxxsit into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it 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(g6.01(ix). In addition, the Trustee on each Distribution Date shall, based upon information provided to it 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(g6.01(ix).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust, Mortgage Pass-Through Certificates, Series 2004-1)

Rounding Account. (a) No later than the Closing Date, the Trustee will establish and maintain with itself a four segregated trust account accounts that is an are each Eligible AccountAccounts, which shall be titled "Rounding Account, Bank One, National Association, as trustee for the registered holders of Structured Asset Residential Funding Mortgage Investments Securities I, Inc., Mortgage Pass-Through Certificates, Series 20022001-4S10, Class I-A-6.A-1" with respect to the Class I-A-1 Certificates, and "Rounding Account, Bank One, National Association, as trustee for the registered holders of Residential Funding Mortgage Securities I, Inc., Mortgage Pass-Through Certificates, Series 2001-S10, Class II-A-2" with respect to the Class II-A-2 Certificates. On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit the Underwriter shall deposit with the Trustee, and the Trustee shall deposit into the each 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 a Rounding Account to pay the Rounding Amount to the Certificate Owners holders of the related Insured Certificates pursuant to Section 6.01(g)4.02(i) the related Rounding Amount. 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 Certificate Account to repay to the related Rounding Account the applicable Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(g4.02(i).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

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, U.S. Bank One, National Association, as trustee for the registered holders of Structured Asset Prime Mortgage Investments Inc.Trust 2003-2, Mortgage Pass-Through Certificates, Series 20022003-42, Class I-A-6." On the Closing Date, Bear, Stearns & Co. Inc. xxxxx xeposit deposit 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 to it 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 to it 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).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Prime Mortgage Trust 2003 2)

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