Common use of Certificate Account; Security Distributions Clause in Contracts

Certificate Account; Security Distributions. On or before the issuance of the Lower Tier Classes, ▇▇▇▇▇▇ Mae shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of Lower Tier REMIC I that shall collectively be the “Certificate Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Lower Tier Classes or (iii) maintain the Certificate Account in the form of any combination of accounts or book entries described in clauses (i) and (ii) above. Any manner or manners in which the Certificate Account is maintained may at any time be changed without notice to, or the approval of, Holders of the Lower Tier Classes so long as funds held in Lower Tier REMIC I by, or for the account of, the Trustee shall at all times be identified. To the extent that the Certificate Account is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from the Certificate Account shall be deemed to refer to credits and debits to the related books of the Trustee. ▇▇▇▇▇▇ ▇▇▇ shall deposit in the Certificate Account all Security Distributions with respect to the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS received by it as Trustee hereunder. All Security Distributions deposited from time to time in the Certificate Account, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Certificate Account for the benefit of the beneficiaries of Lower Tier REMIC I as herein provided, subject to withdrawal by ▇▇▇▇▇▇ Mae for the purposes set forth in Section 4.05.

Certificate Account; Security Distributions. On or before the issuance of the Lower Tier Classes, ▇▇▇▇▇▇ Mae shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of the Base Trust in respect of the Lower Tier REMIC I that shall collectively be the “Certificate Account”, (ii) in lieu of maintaining any such account or accounts, maintain the Certificate Account by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS the Underlying RCR Certificate, and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the Lower Tier Classes or (iii) maintain the Certificate Account in the form of any combination of accounts or book entries described in clauses (i) and (ii) above. Any manner or manners in which the Certificate Account is maintained may at any time be changed without notice to, or the approval of, Holders of the Lower Tier Classes so long as funds held in the Base Trust in respect of the Lower Tier REMIC I by, or for the account of, the Trustee shall at all times be identified. To the extent that the Certificate Account is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from the Certificate Account shall be deemed to refer to credits and debits to the related books of the Trustee. ▇▇▇▇▇▇ ▇▇▇ shall deposit in the Certificate Account all Security Distributions with respect attributable to the Group 1 SMBS, Group 2 SMBS, Group 4 MBS, Group 5 MBS and Group 6 SMBS received by it as Trustee hereunderthe Underlying RCR Certificate. All Security Distributions amounts deposited from time to time in the Certificate Account, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Certificate Account for the benefit as part of the beneficiaries Base Trust in respect of the Lower Tier REMIC I as herein provided, subject to withdrawal by ▇▇▇▇▇▇ Mae for the purposes set forth in Section 4.05.