Common use of Securities Administration Account Clause in Contracts

Securities Administration Account. (a) On the Closing Date, the Securities Administrator shall open and shall thereafter maintain an escrow account to be held in trust (the “Securities Administration Account”), entitled “Xxxxx Fargo Bank Minnesota, National Association, as Securities Administrator, in trust for the benefit of the Holders of Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2002-BC4.” The Securities Administration Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Securities Administration Account shall not be commingled with any other monies. Amounts withdrawn from the Securities Administration Account pursuant to Section 4.07(c)(ii) shall be held in escrow from the date of deposit until paid on the next succeeding Distribution Date.

Securities Administration Account. (a) On the Closing Date, the Securities Administrator shall open and shall thereafter maintain an escrow account to be held in trust (the “"Securities Administration Account”"), entitled “"Xxxxx Fargo Bank Minnesota, National Association, as Securities Administrator, in trust for the benefit of the Holders of Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2002-BC4BC1.” " The Securities Administration Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Securities Administration Account shall not be commingled with any other monies. Amounts withdrawn from the Securities Administration Account pursuant to Section 4.07(c)(ii) shall be held in escrow from the date of deposit until paid on the next succeeding Distribution Date.

Securities Administration Account. (a) On the Closing Date, the Securities Administrator shall open and shall thereafter maintain an escrow account to be held in trust (the “"Securities Administration Account”"), entitled “"Xxxxx Fargo Bank Minnesota, National Association, as Securities Administrator, in trust for the benefit of the Holders of Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2002-BC4BC3.” " The Securities Administration Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Securities Administration Account shall not be commingled with any other monies. Amounts withdrawn from the Securities Administration Account pursuant to Section 4.07(c)(ii) shall be held in escrow from the date of deposit until paid on the next succeeding Distribution Date.

Securities Administration Account. (a) On the Closing Date, the Securities Administrator shall open and shall thereafter maintain an escrow account to be held in trust (the “"Securities Administration Account”"), entitled “"Xxxxx Fargo Bank Minnesota, National Association, as Securities Administrator, in trust for the benefit of the Holders of Amortizing Residential Collateral Trust Mortgage Pass-Through Certificates, Series 2002-BC4BC2.” " The Securities Administration Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Securities Administration Account shall not be commingled with any other monies. Amounts withdrawn from the Securities Administration Account pursuant to Section 4.07(c)(ii) shall be held in escrow from the date of deposit until paid on the next succeeding Distribution Date.