Common use of Transfer Obligation Account Clause in Contracts

Transfer Obligation Account. (a) The Servicer, for the benefit of the Noteholders, shall cause to be established and maintained in the name of the Indenture Trustee a Transfer Obligation Account (the “Transfer Obligation Account”), which shall be a separate Eligible Account and may be interest-bearing, entitled “Option One Owner Trust 2002-3 Transfer Obligation Account, Wxxxx Fargo Bank, N.A., as Indenture Trustee, in trust for the Option One Owner Trust 2002-3 Mortgage-Backed Notes.” The Indenture Trustee shall have no monitoring or calculation obligation with respect to withdrawals from the Transfer Obligation Account. Amounts in the Transfer Obligation Account shall be invested in accordance with Section 5.03 hereof.

Transfer Obligation Account. (a) The Servicer, for the benefit of the Noteholders, shall cause to be established and maintained in the name of the Indenture Trustee a Transfer Obligation Account (the “"Transfer Obligation Account”"), which shall be a separate Eligible Account and may be interest-bearing, entitled “"Option One Owner Trust 20022001-3 1B Transfer Obligation Account, Wxxxx Xxxxx Fargo Bank, N.A., as Indenture Trustee, in trust for the Option One Owner Trust 20022001-3 1B Mortgage-Backed Notes.” " The Indenture Trustee shall have no monitoring or calculation obligation with respect to withdrawals from the Transfer Obligation Account. Amounts in the Transfer Obligation Account shall be invested in accordance with Section 5.03 hereof5.03.

Transfer Obligation Account. (a) The Servicer, for the benefit of the Noteholders, shall cause to be established and maintained in the name of the Indenture Trustee a Transfer Obligation Account (the “Transfer Obligation Account”), which shall be a separate Eligible Account and may be interest-bearing, entitled “Option One Owner Trust 20022003-3 5 Transfer Obligation Account, Wxxxx Fargo BankBank Minnesota, N.A.National Association, as Indenture Trustee, in trust for the Option One Owner Trust 20022003-3 5 Mortgage-Backed Notes.” The Indenture Trustee shall have no monitoring or calculation obligation with respect to withdrawals from the Transfer Obligation Account. Amounts in the Transfer Obligation Account shall be invested in accordance with Section 5.03 hereof5.03.

Transfer Obligation Account. (a) The Servicer, for the benefit of the Noteholders, shall cause to be established and maintained in the name of the Indenture Trustee a Transfer Obligation Account (the “Transfer Obligation Account”), which shall be a separate Eligible Account and may be interest-bearing, entitled “Option One Owner Trust 20022007-3 5A Transfer Obligation Account, Wxxxx Fargo Bank, N.A., as Indenture Trustee, in trust for the Option One Owner Trust 20022007-3 5A Mortgage-Backed Notes.” The Indenture Trustee shall have no monitoring or calculation obligation with respect to withdrawals from the Transfer Obligation Account. Amounts in the Transfer Obligation Account shall be invested in accordance with Section 5.03 hereof5.03.