Common use of Swap Account Clause in Contracts

Swap Account. (a) On the Closing Date, the Indenture Trustee shall establish and maintain a separate, segregated trust account titled, “Swap Account, JPMorgan Chase Bank, N.A., as Indenture Trustee, in trust for the registered Noteholders of Newcastle Mortgage Securities Trust 2006-1, Asset-Backed Notes, Series 2006-1.” Such 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 Indenture Trustee held pursuant to this Agreement. Amounts therein shall be held uninvested.

Swap Account. (a) On the Closing Date, the Indenture Trustee Securities Administrator shall establish and maintain a separate, segregated trust account titled, “Swap Account, JPMorgan Chase Bank, N.A.The Bank of New York, as Indenture Trustee, in trust for the registered Noteholders of Newcastle Mortgage Securities Trust 20062007-1, Asset-Backed Notes, Series 20062007-1.” Such 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 Indenture Trustee Securities Administrator held pursuant to this Agreement. Amounts therein shall be held uninvested.

Swap Account. (a) On the Closing Date, the Indenture Trustee Securities Administrator shall establish and maintain a separate, segregated trust account titled, “"Swap Account, JPMorgan Chase Bank, N.A.The Bank of New York, as Indenture Trustee, in trust for the registered Noteholders of Newcastle Mortgage Securities Trust 20062007-1, Asset-Backed Notes, Series 20062007-1.” " Such 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 Indenture Trustee Securities Administrator held pursuant to this Agreement. Amounts therein shall be held uninvested.