Segregation of Moneys; No Interest. Subject to Sections 5.1 and 5.2, moneys received by the Trust Paying Agent hereunder and deposited into the Certificate Distribution Account will be segregated except to the extent required otherwise by law and, if the Holders of more than 50% of the Certificates so direct, shall be invested in Permitted Investments maturing no later than one Business Day prior to the related Payment Date at the direction of such Certificateholders. The Trust Paying Agent shall not be liable for payment of any interest or losses in respect of such moneys. Investment gains shall be for the account of and paid to the Certificateholders.
Appears in 7 contracts
Samples: Deposit Trust Agreement (Residential Resources Inc), Deposit Trust Agreement (Fund America Investors Corp Ii), Deposit Trust Agreement (Prudential Securities Secured Financing Corp)
