Segregation of Moneys; No Interest. Subject to Sections 4.1 and 5.2, moneys received by the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 15 contracts
Samples: Trust Agreement (Mego Financial Corp), Trust Agreement (Firstplus Investment Corp), Trust Agreement (Preferred Securitization Corp)
Segregation of Moneys; No Interest. Subject to Sections 4.1 and 5.2, moneys Moneys received by 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 Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the CompanyAgreement. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 13 contracts
Samples: Trust Agreement (Saxon Asset Securities Trust 2005-1), Trust Agreement (Sast 2006-3), Trust Agreement (Saxon Asset Securities Trust 2005-2)
Segregation of Moneys; No Interest. Subject to Sections 4.1 5.01 and 5.25.02, moneys received by the Owner Trustee hereunder and deposited into in the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the CompanyDepositor. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 7 contracts
Samples: Trust Agreement (HMB Acceptance Corp.), Trust Agreement (HMB Acceptance Corp.), Trust Agreement (BLG Securities Company, LLC)
Segregation of Moneys; No Interest. Subject to Sections 4.1 4.1, 5.1 and 5.2, moneys received by the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 6 contracts
Samples: Owner Trust Agreement (Bcap LLC), Owner Trust Agreement (Hsi Asset Securitization Corp), Owner Trust Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1)
Segregation of Moneys; No Interest. Subject to Sections 4.1 and 5.2, moneys 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 Sale and Servicing Agreement and Agreement. Amounts on deposit in the Certificate Distribution Account shall not be invested in Permitted Investments at the direction of the Companyinvested. 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 Trust 2007-2), Trust Agreement (Thornburg Mortgage Securities Trust 2007-1), Trust Agreement (Thornburg Mortgage Securities Corp)
Segregation of Moneys; No Interest. Subject to Sections 4.1 ---------------------------------- -------- 4.1, 5.1 and 5.2, moneys received by the Owner Trustee hereunder and deposited ---------------- into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Master Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 2 contracts
Samples: Owner Trust Agreement (National Mortgage Securities Corp), Owner Trust Agreement (Fremont Mortgage Securities Corp)
Segregation of Moneys; No Interest. Subject to Sections 4.1 and 5.2, moneys received by 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 Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest interest, charges or losses in respect of such moneys.
Appears in 2 contracts
Samples: Owner Trust Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1), Ditech Funding Corp Home Loan Owner Trust 1997-1
Segregation of Moneys; No Interest. Subject to Sections 4.1 and SECTIONS 4.1, 5.1 AND 5.2, moneys received by the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 2 contracts
Samples: Owner Trust Agreement (Painewebber Mortgage Acceptance Corporation Iv), Trust Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1)
Segregation of Moneys; No Interest. Subject to Sections 4.1 and 4.1, 5.1 AND 5.2, moneys received by the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 2 contracts
Samples: Owner Trust Agreement (Bcap LLC), Owner Trust Agreement (Securitized Asset Backed Receivables LLC)
Segregation of Moneys; No Interest. Subject to ---------------------------------- Sections 4.1 4.1, 5.1 and 5.2, moneys received by the Owner Trustee hereunder and ------------------------- deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Master Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Owner Trust Agreement (Southpoint Residential Mortgage Securities Corp)
Segregation of Moneys; No Interest. Subject to Sections -------- 4.1 and 5.2, moneys received by the Owner Trustee hereunder and deposited into ----------- the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Segregation of Moneys; No Interest. Subject to Sections 4.1 and 5.2, moneys 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 Sale provisions of the Transfer and Servicing Agreement and shall be invested in Permitted Investments at the direction of the CompanyAgreement. 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. Subject to Sections 4.1 and 5.2, moneys 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 Sale provisions of the Transfer and Servicing Agreement and shall be invested in Permitted Investments at the direction of the CompanyAgreement. 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)
Segregation of Moneys; No Interest. Subject to Sections 4.1 and 5.2, moneys received by the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the CompanyTransferor. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Agreement (Life Financial Home Loan Owner Trust 1997-3)
Segregation of Moneys; No Interest. Subject to Sections 4.1 ---------------------------------- 4.01 and 5.25.02, moneys received by the Owner Trustee or the Co-Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the Company. The Neither the Owner Trustee nor the Co-Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Segregation of Moneys; No Interest. Subject to Sections 4.1 4.01 and 5.25.02, moneys received by the Owner Trustee or the Co-Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement and shall be invested in Permitted Investments at the direction of the CompanyHolder of the Residual Interest Certificate. The Neither the Owner Trustee nor the Co-Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Trust Agreement (Bear Stearns Asset Backed Securities Inc)
Segregation of Moneys; No Interest. Subject to Sections 4.1 4.1, 5.1 and 5.2, moneys received by the Owner Trustee hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law or the Sale and Servicing Agreement Indenture and shall be invested in Permitted Investments at the direction of the Company. The Owner Trustee shall not be liable for payment of any interest in respect of such moneys.
Appears in 1 contract
Samples: Owner Trust Agreement (Etrade Mortgage Backed Securities Corp)
