Common use of The Swap Account Clause in Contracts

The Swap Account. (a) The Securities Administrator shall establish and maintain the Swap Account, a separate non-interest bearing trust account for the benefit of the holders of the Certificates (the "Swap Account") on behalf of the trustee of the supplemental interest trust. The Swap 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. The Swap Account shall be held by a separate trust (the "Supplemental Interest Trust") as part of the Assets of the Supplemental Interest Trust. The Supplemental Interest Trust shall not be an asset of any REMIC. For the avoidance of doubt, any amounts paid from the Swap Account to the Certificates shall be deemed to have been distributed from the Supplemental Interest Trust.

The Swap Account. (a) The Securities Administrator shall establish and maintain the Swap Account, a separate non-interest bearing trust account for the benefit of the holders of the Group 1 Certificates (the "Swap Account") on behalf of the trustee of the supplemental interest trust. The Swap 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. The Swap Account shall be held by a separate trust (the "Supplemental Interest Trust") as part of the Assets of the Supplemental Interest Trust. The Supplemental Interest Trust shall not be an asset of any REMIC. For the avoidance of doubt, any amounts paid from the Swap Account to the Group 1 Certificates shall be deemed to have been distributed from the Supplemental Interest Trust.

The Swap Account. (a) The Securities Administrator shall establish and maintain the Swap Account, a separate non-interest bearing trust account for the benefit of the holders of the Group 1 Certificates (the "Swap Account") on behalf as a part of the trustee of the supplemental interest trustTrust Fund. The Swap 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. The Swap Account shall be held by a separate trust (the "Supplemental Interest Trust") as part of the Assets of the Supplemental Interest Trust. The Supplemental Interest Trust shall not be an asset of any REMIC. For the avoidance of doubt, any amounts paid from the Swap Account to the Group 1 Certificates shall be deemed to have been distributed from the Supplemental Interest Trust.