Common use of Supplemental Interest Account Clause in Contracts

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates as required pursuant to Section 4.01(d)(iv). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the Class C Certificates as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted Investments. All income and gain earned upon such investment shall be deposited into the Supplemental Interest Account.

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders holders of the Class A Certificates, the Mezzanine Certificates and the Class C A1 Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 4.01(a) and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv4.01(a). The Trustee shall deposit into the Supplemental Interest Account any amounts Net Swap Payments received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders holders of the Class A Certificates, the Mezzanine Certificates and the Class C A1 Certificates as required pursuant to Section 4.01(d)(iv4.01(a). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C X Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest Holder thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the The Class C Certificates X Certificateholders as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management the Xxxxx Fargo Prime Advantage Investment Money Market Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted InvestmentsInvestment Account. All income and gain earned upon such investment shall be deposited into Any amounts on deposit in the Supplemental Interest AccountAccount in excess of the Supplemental Interest Account Amount on any Distribution Date shall be held for distribution on the following Distribution Date. (d) Upon termination of the Trust Fund, any amounts remaining in the Supplemental Interest Account shall be distributed pursuant to the priorities set forth in Section 4.01.

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit deposit, to the extent of available funds, into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv4.01(d)(iii). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates as required pursuant to Section 4.01(d)(iv4.01(d)(iii). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the Class C Certificates as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management Fund 541 [____________________] for so long as such investment complies with clause (vi) of the definition of Permitted Investments. All income and gain earned upon such investment shall be deposited into the Supplemental Interest Account.

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit deposit, to the extent of available funds, into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates as required pursuant to Section 4.01(d)(iv). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the Class C Certificates as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted Investments. All income and gain earned upon such investment shall be deposited into the Supplemental Interest Account. (d) Upon termination of the Trust Fund, any amounts remaining in the Supplemental Interest Account shall be distributed pursuant to the priorities set forth in Section 4.01(d)(iii).

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C II-A2A Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit deposit, to the extent of available funds, into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C II-A2A Certificates as required pursuant to Section 4.01(d)(iv). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the Class C Certificates as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted Investments. All income and gain earned upon such investment shall be deposited into . (d) Upon termination of the Trust Fund, any amounts remaining in the Supplemental Interest AccountAccount shall be distributed pursuant to the priorities set forth in Section 4.01(d)(iii).

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit deposit, to the extent of available funds, into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class C Certificates as required pursuant to Section 4.01(d)(iv). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the Class C Certificates as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted Investments. All income and gain earned upon such investment shall be deposited into the Supplemental Interest Account.

Supplemental Interest Account. (a) On The parties do hereby create and establish a sub-trust of the Trust Fund, which shall hold an account, which, no later than the Closing Date, the Trustee Certificate Administrator shall establish and maintain in its namemaintain, a separate non-interest bearing account for the benefit on behalf of the Holders of the Class A CertificatesTrustee, the Mezzanine Certificates and the Class C Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be as a segregated trust account that is an Eligible Account, and funds on deposit therein which shall be held separate titled "Supplemental Interest Account, The First Union National Bank, as Certificate Administrator for the registered holders of NovaStar Mortgage Funding Trust 2000-1, Home Equity Loan Asset-Backed Certificates, Series 2000-1" (the "Supplemental Interest Account"). The Cap Agreement and apart fromthe proceeds thereof shall be the assets of such trust. The Certificate Administrator shall, and shall not be commingled withpromptly upon receipt, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit into in the Supplemental Interest Account any amounts required to be paid all Cap Payments received by the Trust for payment to Certificate Administrator, on behalf of the Supplemental Trustee, under the Cap Agreements and (ii) each distribution of the Class AIO Current Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv4.01(a)(i)(A)(ii). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates as required pursuant to Section 4.01(d)(iv). (c) Funds deposited in the Supplemental Interest Account shall be invested held in Eligible Investmentstrust by the Certificate Administrator for the Certificateholders for the uses and purposes set forth herein. (b) The Certificate Administrator will invest funds deposited in the Supplemental Interest Account as directed by the Servicer in Permitted Investments with a maturity date (i) no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if a Person other than the Certificate Administrator or an Affiliate manages or advises such investment, and (ii) no later than the date on which such funds are required to be withdrawn from such account pursuant to this Agreement, if the Certificate Administrator or an Affiliate manages or advises such investment. The For federal income tax purposes, the Holders of the Class C AIO Certificates shall evidence ownership be the owners of the Supplemental Interest Account and shall report all items of income, deduction, gain or loss arising therefrom. All income and gain realized from investment of funds deposited in the Supplemental Interest Account shall be credited to such Account. At no time will the Cap Agreements or the Supplemental Interest Account be assets of any REMIC created hereunder. (c) On each Distribution Date, the Certificate Administrator shall transfer the Supplemental Interest Payment Amount Available as follows: (i) first, to pay the Supplemental Interest Payment for federal income tax purposes and the Holders of Class A-1 Certificates; (ii) second, to pay the majority of Supplemental Interest Payment for the Percentage Class M-1 Certificates; (iii) third, to pay the Supplemental Interest thereof shall direct Payment for the Class M-2 Certificates; and (iv) fourth, to pay the Supplemental Interest Payment for the Class M-3 Certificates. The Trustee, in writingmaking the foregoing distributions, shall first apply in full that portion of the Total Supplemental Interest Payment Amount equal to the Class AIO Current Interest, and, only if that entire amount is exhausted, shall then apply that portion of the Total Supplemental Interest Payment Amount Available equal to the Allocable Cap Payment Amount. Any remaining amount of the Total Supplemental Interest Payment Amount Available for such Distribution Date shall be retained in the Supplemental Interest Amount, except for the portion thereof that is distributable as the Class AIO Monthly Distributable Amount pursuant to investment of amounts on deposit therein. In Section 4.4(d) hereof. (d) On each Distribution Date, the absence of written instructions from Trustee shall distribute to the Holders of the Class C Certificates as to investment of funds AIO Certificates, the Class AIO Monthly Distributable Amount for such Distribution Date plus all income and gain realized on deposit investments in the Supplemental Interest Account, Account which have not previously been distributed to such funds Holders. (e) The Certificate Administrator shall be invested in Deutsche Bank Cash Management Fund 541 for so long as such investment complies comply with clause (vi) all requirements of the definition Code and applicable state and local law with respect to the withholding from any distributions made by it to any Person entitled thereto of Permitted Investments. All income any applicable withholding taxes imposed thereon and gain earned upon such investment shall be deposited into with respect to any applicable reporting requirements in connection therewith. (f) Notwithstanding any other provision of this Section 4.04, the right to receive the Supplemental Interest AccountAmount (such right, the "Supplemental Interest Right") shall not be separately transferable from the Underwritten Certificates.

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C III-A1 Certificates (the “"Supplemental Interest Account”"), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C III-A1 Certificates as required pursuant to Section 4.01(d)(iv). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the Class C Certificates as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted Investments. All income and gain earned upon such investment shall be deposited into . (d) Upon termination of the Trust Fund, any amounts remaining in the Supplemental Interest Account.Account shall be distributed pursuant to the priorities set forth in Section 4.01(d)(iii). 170

Supplemental Interest Account. (a) On the Closing Date, the Trustee shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Trustee held pursuant to this Agreement. (b) The Trustee shall deposit deposit, to the extent of available funds, into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv). The Trustee shall deposit into the Supplemental Interest Account any amounts received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders of the Class A Certificates, the Mezzanine Certificates and the Class C Certificates as required pursuant to Section 4.01(d)(iv). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the Class C Certificates as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted Investments. All income and gain earned upon such investment shall be deposited into the Supplemental Interest Account.

Supplemental Interest Account. (a) On the Closing Date, the Trustee Master Servicer shall establish and maintain in its name, a separate non-interest bearing account for the benefit of the Holders holders of the Class A Certificates, the Mezzanine Certificates and the Class C A1 Certificates (the “Supplemental Interest Account”), into which the Depositor shall initially deposit $1,000. The Supplemental Interest Account shall be an Eligible Account, and funds on deposit therein shall be held separate and apart from, and shall not be commingled with, any other moneys, including, without limitation, other moneys of the Master Servicer or the Trustee held pursuant to this Agreement. (b) The Trustee Master Servicer shall deposit into the Supplemental Interest Account any amounts required to be paid by the Trust for payment to the Supplemental Interest Account pursuant to Section 4.01 4.01(a) and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty as required by Section 4.01(d)(iv4.01(a). The Trustee Master Servicer shall deposit into the Supplemental Interest Account any amounts Net Swap Payments received from the Swap Counterparty and shall distribute from the Supplemental Interest Account any such amounts to the Swap Counterparty and to the Holders holders of the Class A Certificates, the Mezzanine Certificates and the Class C A1 Certificates as required pursuant to Section 4.01(d)(iv4.01(a). (c) Funds in the Supplemental Interest Account shall be invested in Eligible Investments. The Class C X Certificates shall evidence ownership of the Supplemental Interest Account for federal income tax purposes and the Holders of the majority of the Percentage Interest Holder thereof shall direct the TrusteeMaster Servicer, in writing, as to investment of amounts on deposit therein. In the absence of written instructions from the Holders of the The Class C Certificates X Certificateholders as to investment of funds on deposit in the Supplemental Interest Account, such funds shall be invested in Deutsche Bank Cash Management the Xxxxx Fargo Advantage Prime Investment Money Market Fund 541 for so long as such investment complies with clause (vi) of the definition of Permitted InvestmentsInvestment Account. All income and gain earned upon such investment shall be deposited into Any amounts on deposit in the Supplemental Interest AccountAccount in excess of the Supplemental Interest Account Amount on any Distribution Date shall be held for distribution on the following Distribution Date. (d) Upon termination of the Trust Fund, any amounts remaining in the Supplemental Interest Account shall be distributed pursuant to the priorities set forth in Section 4.01.