The Collection Account. (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders. (b) The Trust Administrator shall make withdrawals from the Collection Account only for the purposes set forth in Section 5.08.
Appears in 15 contracts
Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (NYMT Securities CORP), Transfer and Servicing Agreement (Structured Asset Securities Corp)
The Collection Account. (a) The Trust Administrator shall establish and maintain in the name of the Notes Securities Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the NoteholdersNoteholders and the Swap Counterparty.
(b) The Trust Administrator shall make withdrawals from the Collection Account only for the purposes set forth in Section 5.08.
Appears in 9 contracts
Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)
The Collection Account. (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.074.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.
(b) The Trust Administrator shall make withdrawals from the Collection Account only for the purposes set forth in Section 5.084.08.
Appears in 2 contracts
Samples: Sale and Servicing Agreement (Indymac Abs Inc), Sale and Servicing Agreement (Indymac MBS Inc)
The Collection Account. (a) The Trust Administrator shall establish and maintain in the name of the Notes Securities Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the NoteholdersSecurityholders.
(b) The Trust Administrator shall make withdrawals from the Collection Account only for the purposes set forth in Section 5.08.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Merrill Lynch Mort Inv Fieldstone Mort Inv Tr Ser 2004-1)
The Collection Account. (a) The Trust Securities Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the NoteholdersCertificateholders.
(b) The Trust Securities Administrator shall make withdrawals from the Collection Account only for the purposes set forth in Section 5.085.07.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (NYMT Securities CORP)
The Collection Account. (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the NoteholdersNoteholders and the Swap Provider.
(b) The Trust Administrator shall make withdrawals from the Collection Account only for the purposes set forth in Section 5.08.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2006-1)
The Collection Account. (a) The Trust Administrator shall establish and maintain in the name of the Notes Securities Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.
(b) The Trust Administrator shall make withdrawals from the Collection Account only for the purposes set forth in Section 5.08.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (New York Mortgage Trust 2005-3)
