Swap Account. The Swap Administrator shall segregate and hold all funds received from the Supplemental Interest Trust Trustee (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall establish and maintain in the name of the Swap Administrator one or more segregated accounts (such account or accounts, the “Swap”) as described in the Pooling and Servicing Agreement.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt4), Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt1), Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt3)
Swap Account. The Swap Administrator shall segregate and hold all funds received from the Supplemental Interest Trust Trustee (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall establish and maintain in the name of the Swap Administrator one or more segregated accounts (such account or accounts, the “SwapSwap Account”) as described in the Pooling and Servicing Agreement.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust, Series 2005-C), Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2005-D)
Swap Account. The Swap Administrator shall segregate and hold all funds received from pursuant to the Supplemental Interest Trust Trustee Swap Agreement (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall establish cause to be established and maintain maintained in the name of the Swap Administrator one or more segregated accounts (such account or accounts, the “Swap”) as described Swap Account in accordance with the provisions of Section 4.08 of the Pooling and Servicing Agreement. The Swap Administrator hereby agrees that it holds and shall hold the Swap Account and all amounts deposited therein in trust for the exclusive use and benefit of the Trustee, the Trust Administrator and the Indenture Trustee as their interests may appear.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2005-Wf1)
Swap Account. The Swap Administrator shall segregate and hold all funds received from pursuant to the Supplemental Interest Trust Trustee Swap Agreement (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall establish cause to be established and maintain maintained in the name of the Swap Administrator one or more segregated accounts (such account or accounts, the “Swap”) as described Swap Account in accordance with the provisions of Section 4.09 of the Pooling and Servicing Agreement. The Swap Administrator hereby agrees that it holds and shall hold the Swap Account and all amounts deposited therein in trust for the exclusive use and benefit of the Trustee, the Trust Administrator and the Indenture Trustee as their interests may appear.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2005-He2)
Swap Account. The Swap Administrator shall segregate and hold all funds received from pursuant to the Supplemental Interest Trust Trustee Swap Agreement (including any Swap Termination Payment) separate and apart from any of its own funds and general assets and shall establish and maintain in the name of the Swap Administrator one or more segregated accounts (such account or accounts, the “SwapSwap Account”) as described in the Pooling and Servicing Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2005-B)