Common use of Segregation of Moneys; No Interest Clause in Contracts

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 18 contracts

Samples: Trust Agreement (HomeBanc Mortgage Trust 2006-2), Trust Agreement (Homebanc Corp), Trust Agreement (Aegis Asset Backed Securities Trust 2005-1)

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Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Collection Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 18 contracts

Samples: Trust Agreement (Fieldstone Mortgage Investment CORP), Trust Agreement (Aames Mortgage Investment Trust 2006-1), Trust Agreement (Fieldstone Mortgage Investment CORP)

Segregation of Moneys; No Interest. Moneys Subject to Sections 4.1 and 5.2, moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Transfer and Servicing AgreementCompany. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 15 contracts

Samples: Owner Trust Agreement (Master Financial Asset Securitization Trust 1998-2), Trust Agreement (Firstplus Investment Corp), Trust Agreement (Mego Mortgage Corp)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee Trust hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer Sale and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 13 contracts

Samples: Trust Agreement (Sast 2006-3), Trust Agreement (Saxon Asset Securities Trust 2005-1), Trust Agreement (Saxon Asset Securities Co)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 9 contracts

Samples: Trust Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Trust Agreement (SASCO Mortgage Loan Trust 2004-Gel3), Trust Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 8 contracts

Samples: Owner Trust Agreement (FBR Securitization Trust 2005-3), Owner Trust Agreement (First NLC Trust 2005-3 Mortgate-Backed Notes, Series 2005-3), Owner Trust Agreement (FBR Securitization, Inc.)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer Sale and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 7 contracts

Samples: Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1), Trust Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4), Trust Agreement (Greenpoint Mortgage Funding Trust 2005-He4)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Collection Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer Sale and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 6 contracts

Samples: Trust Agreement (Indymac Abs Inc), Trust Agreement (Cwabs Inc), Trust Agreement (CWMBS Inc)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer Sale and Servicing Agreement. Amounts on deposit in the Certificate Distribution Account shall not be invested. The Owner Trustee Securities Administrator shall not be liable for payment of any interest in respect of such moneys.

Appears in 5 contracts

Samples: Trust Agreement (Thornburg Mortgage Securities Corp), Trust Agreement (Thornburg Mortgage Securities Trust 2007-1), Trust Agreement (Thornburg Mortgage Securities Trust 2007-2)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.Servicing

Appears in 1 contract

Samples: Owner Trust Agreement (Lares Asset Securitization, Inc.)

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Segregation of Moneys; No Interest. Moneys Moneys, if any, received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Collection Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 1 contract

Samples: Trust Agreement (New York Mortgage Trust 2005-3)

Segregation of Moneys; No Interest. Moneys Subject to Sections 4.1 and 5.2, moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Transfer and Servicing AgreementTransferor. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 1 contract

Samples: Trust Agreement (Life Financial Home Loan Owner Trust 1997-3)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.. Trust Agreement

Appears in 1 contract

Samples: Trust Agreement (Homebanc Corp)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer Sale and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mort Back Notes Ser 2002 9)

Segregation of Moneys; No Interest. Moneys received by or on behalf of the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the provisions of the Transfer and Servicing Agreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.. 201496 HomeBanc 2006-2 Trust Agreement

Appears in 1 contract

Samples: Trust Agreement (Homebanc Corp)

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