Common use of Transfer of Accounts; Monthly Statements Clause in Contracts

Transfer of Accounts; Monthly Statements. The Accounts (other than the Principal and Interest Account, which shall be established pursuant to Section 5.03 hereof) shall be established, as of the Closing Date, in the name of the Trustee as Eligible Accounts pursuant to clause (B) of the definition thereof. Any Account may, upon written notice from the Servicer to the Trustee, be transferred to a different depository institution so long as (i) such transfer (A) is to an Eligible Account and the Certificate Insurer receives notice thereof from the Servicer or (B) is approved in writing by the Certificate Insurer, which approval shall not be unreasonably withheld and (ii) written notice of such transfer is sent to Xxxxx'x. The Trustee shall provide to the Certificate Insurer a monthly statement of activity in the Accounts established by it, and the Servicer shall provide to the Trustee and the Certificate Insurer a monthly statement of activity in the Principal and Interest Account from the party holding such account.

Transfer of Accounts; Monthly Statements. The Accounts (other than the Principal and Interest Account, which shall be established pursuant to Section 5.03 hereof) shall be established, as of the Closing Date, in the name of the Trustee as Eligible Accounts pursuant to clause (B) of the definition thereof. Any Account may, upon written notice from the Servicer to the Trustee, be transferred to a different depository institution so long as (i) such transfer (A) is to an Eligible Account and the Certificate Insurer receives notice thereof from the Servicer or (B) is approved in writing by the Certificate Insurer, which approval shall not be unreasonably withheld and (ii) written notice of such transfer is sent to Xxxxx'xthe Rating Agencies. The Trustee shall provide to the Certificate Insurer a monthly statement of activity in the Accounts established by it, and the Servicer shall provide to the Trustee and the Certificate Insurer a monthly statement of activity in the Principal and Interest Account from the party holding such account.

Transfer of Accounts; Monthly Statements. The Accounts (other than the Principal and Interest Account, which shall be established pursuant to Section 5.03 Section5.03 hereof) shall be established, as of the Closing Date, in the name of the Trustee as Eligible Accounts pursuant to clause (B) of the definition thereof. Any Account may, upon written notice from the Servicer to the Trustee, be transferred to a different depository institution so long as (i) such transfer (A) is to an Eligible Account and the Certificate Insurer receives notice thereof from the Servicer or (B) is approved in writing by the Certificate Insurer, which approval shall not be unreasonably withheld and (ii) written notice of such transfer is sent to Xxxxx'xMoody's. The Trustee shall provide to the Certificate Insurer a monthly statement moxxxxx xtatement of activity in the Accounts established by it, and the Servicer shall provide to the Trustee and the Certificate Insurer a monthly statement of activity in the Principal and Interest Account from the party holding such account.

Transfer of Accounts; Monthly Statements. The Accounts (other than the Principal and Interest Account, which shall be established pursuant to Section 5.03 hereof) shall be established, as ------------ of the Closing Date, in the name of the Trustee as Eligible Accounts pursuant to clause (B) of the definition thereof. Any Account may, upon written notice from the Servicer to the Trustee, be transferred to a different depository institution so long as (i) such transfer (A) is to an Eligible Account and the Certificate Insurer receives notice thereof from the Servicer or and (B) is approved in writing by the Certificate Insurer, which approval shall not be unreasonably withheld Insurer and (ii) written notice of such transfer is sent to Xxxxx'xthe Rating Agencies, the Advancing Party, the Transferor and the Depositor. The Trustee shall provide to the Certificate Insurer a monthly statement of activity in the Accounts established by it, and the Servicer shall provide to the Trustee Trustee, the Certificate Insurer, the Advancing Party, the Transferor and the Certificate Insurer Depositor a monthly statement of activity in the Principal and Interest Account from the party holding such account.

Transfer of Accounts; Monthly Statements. The Accounts (other than the Principal and Interest Account, which shall be established pursuant to Section 5.03 hereof) shall be established, as of the Closing Date, in the name of the Trustee as Eligible Accounts pursuant to clause (B) of the definition thereof. Any Account may, upon written notice from the Servicer to the Trustee, be transferred to a different depository institution so long as (i) such transfer (A) is to an Eligible Account and the Certificate Insurer receives notice thereof from the Servicer or (B) is approved in writing by the Certificate Insurer, which approval shall not be unreasonably withheld and (ii) written notice of such transfer is sent to Xxxxx'x[Rating Agency]. The Trustee shall provide to the Certificate Insurer a monthly statement of activity in the Accounts established by it, and the Servicer shall provide to the Trustee and the Certificate Insurer a monthly statement of activity in the Principal and Interest Account from the party holding such account.

Transfer of Accounts; Monthly Statements. The Accounts (other than the Principal and Interest Account, which shall be established pursuant to Section 5.03 hereof) shall be established, as of the Closing Date, in the name of the Trustee as Eligible Accounts pursuant to clause (B) of the definition thereof. Any Account may, upon written notice from the Servicer to the Trustee, be transferred to a different depository institution so long as (i) such transfer (A) is to an Eligible Account and the Certificate Insurer receives notice thereof from the Servicer or (B) is approved in writing by the Certificate Insurer, which approval shall not be unreasonably withheld and (ii) written notice of such transfer is sent to Xxxxx'xMoody's. The Trustee shall provide to the Certificate Insurer a Insxxxx x monthly statement of activity in the Accounts established by it, and the Servicer shall provide to the Trustee and the Certificate Insurer a monthly statement of activity in the Principal and Interest Account from the party holding such account.

Transfer of Accounts; Monthly Statements. The Accounts (other than the Principal and Interest Account, which shall be established pursuant to Section 5.03 hereof) shall be established, as of the Closing Date, in the name of the Trustee as Eligible Accounts pursuant to clause (B) of the definition thereof. Any Account may, upon written notice from the Servicer to the Trustee, be transferred to a different depository institution so long as (i) such transfer (A) is to an Eligible Account and the Certificate Insurer receives notice thereof from the Servicer or (B) is approved in writing by the Certificate Insurer, which approval shall not be unreasonably withheld and (ii) written notice of such transfer is sent to Xxxxx'xthe Rating Agencies, the Advancing Party, the Transferor and the Depositor. The Trustee shall provide to the Certificate Insurer a monthly statement of activity in the Accounts established by it, and the Servicer shall provide to the Trustee Trustee, the Certificate Insurer, the Advancing Party, the Transferor and the Certificate Insurer Depositor a monthly statement of activity in the Principal and Interest Account from the party holding such account.