Supplemental Interest Trust Account definition

Supplemental Interest Trust Account. The account created pursuant to Section 5.07 of this Agreement.

Supplemental Interest Trust Account. The separate trust account created and maintained by the Supplemental Interest Trust Trustee pursuant to Section 4.10(a).

Supplemental Interest Trust Account. The Account created pursuant to Section 4.06(a).

Examples of Supplemental Interest Trust Account in a sentence

• The Certificateholder, by its acceptance of this Certificate, agrees that it will look solely to the funds on deposit in the Distribution Account or Supplemental Interest Trust Account for payment hereunder and that neither the Trustee nor the Securities Administrator is liable to the Certificateholders for any amount payable under this Certificate or the Agreement or, except as expressly provided in the Agreement, subject to any liability under the Agreement.

• The Supplemental Interest Trust 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.

• In the absence of written direction to the Supplemental Interest Trust Trustee from the Master Servicer, all funds in the Supplemental Interest Trust Account shall remain uninvested.

• The Supplemental Interest Trust Trustee shall keep records that accurately reflect the funds on deposit in the Supplemental Interest Trust Account.

• The Class X Certificates shall evidence ownership of the Supplemental Interest Trust Account for federal income tax purposes and the Holder thereof shall direct the Trustee, in writing, as to investment of amounts on deposit therein.

More Definitions of Supplemental Interest Trust Account

Supplemental Interest Trust Account. The separate account created and maintained pursuant to Section 4.09(a) hereof, which shall be entitled "DEUTSCHE BANK TRUST COMPANY AMERICAS, as trustee, in trust for the Class SB Certificateholder" and which must be an Eligible Account. Supplemental Interest Trust Trustee: Deutsche Bank Trust Company Americas, a New York banking corporation, not in its individual capacity, but solely in its capacity as trustee of the Supplemental Interest Trust, and any successor thereto, and any corporation or national banking association resulting from or surviving any consolidation or merger to which it or its successors may be a party and any successor trustee as may from time to time be serving as successor trustee hereunder.

Supplemental Interest Trust Account. The segregated trust account created and maintained by the Securities Administrator pursuant to Section 3.04(h) which shall be entitled "Supplemental Interest Trust Account, Wells Fargo Bank, N.A., as Securities Administrator for HSBC Bank USA, Xxxional Association, as Trustee, in trust for registered Holders of the LIBOR Certificates of Wells Fargo Home Equity Asset-Backed Securities 2007-2 Trust, Home Eqxxxx Asset-Backed Certificates, Series 2007-2," and which must be an Eligible Account. Amounts on deposit in the Supplemental Interest Trust Account shall not be invested. The Supplemental Interest Trust Account shall not be an asset of any REMIC formed under this Agreement.

Supplemental Interest Trust Account. The account of that name created pursuant to Section 4.08 of this Agreement. Supplemental Interest Trust Trustee: Deutsche Bank National Trust Company, as trustee on behalf of the Supplemental Interest Trust.

Supplemental Interest Trust Account. The separate trust account created pursuant to Section 4.07 and maintained with the Supplemental Interest Trust Trustee, the Investment Depository or any Eligible Institution, which account shall be entitled “Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2007-HY1 Trust Supplemental Interest Trust Account.”

Supplemental Interest Trust Account. As defined in Section 4.06 hereof.

Supplemental Interest Trust Account. The segregated trust account, in which payments owed to or received from, the Swap Provider and the Cap Provider will be deposited.

Supplemental Interest Trust Account. The separate trust account created pursuant to Section 4.07 and maintained with (a) the Supplemental Interest Trust Trustee or (b) the Investment Depository or any other Eligible Institution, which account shall be entitled “Washington Mutual Mortgage Pass-Through Certificates WMALT Series 2007-OC2 Trust Supplemental Interest Trust Account.” In the event that the Supplemental Interest Trust Account is maintained at an Eligible Institution pursuant to clause (b) above and the debt obligations of such institution are downgraded to a rating lower than any of the applicable ratings specified in the definition of “Eligible Institution,” such account shall within 30 calendar days of such downgrade be moved by the Supplemental Interest Trust Trustee to another institution that satisfies the requirements of this definition of “Supplemental Interest Trust Account.”