The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “Certificate Account”) entitled “Certificate Account, [______], as Owner Trustee, in trust for the holders of Structured Asset Securities Corporation Home Equity Loan Trust 20[__]-[__], Residual Certificates.” (b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust Agreement. On the Payment Date on which the Note Principal Amount is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates in order to clear and terminate the Certificate Account in connection with the termination of this Agreement. (c) All distributions made on the Residual Certificates shall be made by wire transfer of immediately available funds to the account of such Certificateholders. The final distribution on the Residual Certificates will be made in like manner, but only upon presentment and surrender of such Residual Certificates at the location specified in the notice to the Certificateholders of such final distribution.
Appears in 2 contracts
Samples: Transfer and Servicing Agreement (Structured Asset Securities Corp), Transfer and Servicing Agreement (Structured Asset Securities Corp)
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “Certificate Account”) entitled “Certificate Account, [______]Deutsche Bank National Trust Company, as Owner TrusteeAdministrator, in trust for the holders of Structured Asset Securities Corporation IndyMac Home Equity Loan Mortgage Loan-Asset Backed Trust 20[__]-[__]Series 2006-H2, Residual Certificates.”
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Payment Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.01 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust Agreement. On the Payment Date on which the Note Principal Amount is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates shall be made by wire transfer of immediately available funds to the account of such Certificateholders. The final distribution on the Residual Certificates will be made in like manner, but only upon presentment and surrender of such Residual Certificates at the location specified in the notice to the Certificateholders of such final distribution.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Indymac MBS Inc), Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H2)
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “"Certificate Account”") entitled “"Certificate Account, [______]Deutsche Bank National Trust Company, as Owner TrusteeAdministrator, in trust for the holders of Structured Asset Securities Corporation IndyMac Home Equity Loan Mortgage Loan-Asset Backed Trust 20[__]-[__]Series 2006-H3, Residual Certificates.”"
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Payment Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.01 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust Agreement. On the Payment Date on which the Note Principal Amount is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates shall be made by wire transfer of immediately available funds to the account of such Certificateholders. The final distribution on the Residual Certificates will be made in like manner, but only upon presentment and surrender of such Residual Certificates at the location specified in the notice to the Certificateholders of such final distribution.
Appears in 1 contract
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “"Certificate Account”") entitled “"Certificate Account, [______]Deutsche Bank National Trust Company, as Owner TrusteeAdministrator, in trust for the holders of Structured Asset Securities Corporation IndyMac Home Equity Loan Mortgage Loan-Asset Backed Trust 20[__]-[__]Series 2006-H1, Residual Certificates.”"
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Payment Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.01 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust Agreement. On the Payment Date on which the Note Principal Amount is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates shall be made by wire transfer of immediately available funds to the account of such Certificateholders. The final distribution on the Residual Certificates will be made in like manner, but only upon presentment and surrender of such Residual Certificates at the location specified in the notice to the Certificateholders of such final distribution.. 84
Appears in 1 contract
Samples: Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H1)
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “"Certificate Account”") entitled “"Certificate Account, [______]Wilmington Trust Company, as Owner Trustee, in trust for the holders Holders of Structured Asset Thornburg Mortgage Securities Corporation Home Equity Loan Trust 20[__]-[__]2003-6 Trust Certificates, Residual CertificatesSeriex 0000-0.”"
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Note Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.06 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust AgreementCertificate. On the Payment Date on which the Note Class Principal Amount of the Notes is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates Trust Certificate in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates Trust Certificate shall be made by wire transfer of immediately available funds to the account of such CertificateholdersCertificateholder. The final distribution on the Residual Certificates Trust Certificate will be made in like manner, but only upon presentment and surrender of such Residual Certificates Trust Certificate at the location specified in the notice to the Certificateholders Certificateholder of such final distribution.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Thornburg Mortgage Inc)
The Certificate Account. (a) The Administrator, for the benefit of the CertificateholdersCertificateholder, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders Certificateholder an account (the “Certificate Account”) entitled “Certificate Account, [______]Wilmington Trust Company, as Owner Trustee, in trust for the holders holder of Structured Asset Securities Corporation Home Equity SASCO Mortgage Loan Trust 20[__]-[__]2003-GEL1 Ownership Certificate, Residual CertificatesSeries 2003-GEL1.”
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Note Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders Certificateholder in respect of the Residual Certificates as provided in the Trust AgreementOwnership Certificate. On the Payment Date on which the Note Class Principal Amount of the Notes is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders Certificateholder in respect of the Residual Certificates Ownership Certificate in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates Ownership Certificate shall be made by wire transfer of immediately available funds to the account of such CertificateholdersCertificateholder. The final distribution on the Residual Certificates Ownership Certificate will be made in like manner, but only upon presentment and surrender of such Residual Certificates Ownership Certificate at the location specified in the notice to the Certificateholders Certificateholder of such final distribution.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Sasco Mortgage Loan Trust Series 2003-Gel1)
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “Certificate Account”) entitled “Certificate Account, [______]Wilmington Trust Company, as Owner Trustee, in trust for the holders Holders of Structured Asset Xxxxxxxxx Mortgage Securities Corporation Home Equity Loan Trust 20[__]-[__]2003-6 Trust Certificates, Residual CertificatesSeries 2003-6.”
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Note Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.06 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust AgreementCertificate. On the Payment Date on which the Note Class Principal Amount of the Notes is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates Trust Certificate in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates Trust Certificate shall be made by wire transfer of immediately available funds to the account of such CertificateholdersCertificateholder. The final distribution on the Residual Certificates Trust Certificate will be made in like manner, but only upon presentment and surrender of such Residual Certificates Trust Certificate at the location specified in the notice to the Certificateholders Certificateholder of such final distribution.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Structured Asset Sec Corp Thornburg Mort Sec Trust 2003 6)
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “"Certificate Account”") entitled “"Certificate Account, [______]Wilmington Trust Company, as Owner Trustee, in trust for the holders Holders of Structured Asset Xxxxxxxxx Mortgage Securities Corporation Home Equity Loan Trust 20[__]-[__]2003-4 Trust Certificates, Residual CertificatesSeries 2003-4.”"
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Note Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.06 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust AgreementCertificate. On the Payment Date on which the Note Class Principal Amount of the Notes is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates Trust Certificate in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates Trust Certificate shall be made by wire transfer of immediately available funds to the account of such CertificateholdersCertificateholder. The final distribution on the Residual Certificates Trust Certificate will be made in like manner, but only upon presentment and surrender of such Residual Certificates Trust Certificate at the location specified in the notice to the Certificateholders Certificateholder of such final distribution.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Thornburg Mortgage Inc)
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “Certificate Account”) entitled “Certificate Account, [______]Wilmington Trust Company, as Owner Trustee, in trust for the holders Holders of Structured Asset Xxxxxxxxx Mortgage Securities Corporation Home Equity Loan Trust 20[__]-[__]2003-4 Trust Certificates, Residual CertificatesSeries 2003-4.”
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Note Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.06 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust AgreementCertificate. On the Payment Date on which the Note Class Principal Amount of the Notes is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates Trust Certificate in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates Trust Certificate shall be made by wire transfer of immediately available funds to the account of such CertificateholdersCertificateholder. The final distribution on the Residual Certificates Trust Certificate will be made in like manner, but only upon presentment and surrender of such Residual Certificates Trust Certificate at the location specified in the notice to the Certificateholders Certificateholder of such final distribution.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Greenwich Capital Acceptance Thornburg Sec Tr 2003-4)
The Certificate Account. (a) The Administrator, for the benefit of the Certificateholders, shall establish and maintain in the name of the Owner Trustee on behalf of the Certificateholders an account (the “Certificate Account”) entitled “Certificate Account, [______]Deutsche Bank National Trust Company, as Owner TrusteeAdministrator, in trust for the holders of Structured Asset Securities Corporation IndyMac Home Equity Loan Mortgage Loan-Asset Backed Trust 20[__]-[__]Series 2007-H1, Residual Certificates.”
(b) On each Payment Date, the Indenture Trustee shall withdraw from the Distribution Payment Account all amounts required to be deposited in the Certificate Account pursuant to Section 5.03 5.01 and remit such amount to the Owner Trustee or the Administrator for deposit into the Certificate Account. On each Payment Date, the Owner Trustee or the Administrator shall distribute all amounts on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates as provided in the Trust Agreement. On the Payment Date on which the Note Principal Amount is reduced to zero, the Administrator shall distribute all amounts remaining on deposit in the Certificate Account to the Certificateholders in respect of the Residual Certificates in order to clear and terminate the Certificate Account in connection with the termination of this Agreement.
(c) All distributions made on the Residual Certificates shall be made by wire transfer of immediately available funds to the account of such Certificateholders. The final distribution on the Residual Certificates will be made in like manner, but only upon presentment and surrender of such Residual Certificates at the location specified in the notice to the Certificateholders of such final distribution.
Appears in 1 contract
Samples: Sale and Servicing Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2007-H1)