Common use of Certificate Distribution Account Clause in Contracts

Certificate Distribution Account. (a) The Securities Administrator shall establish and maintain on behalf of the Trust and the Certificateholder, the Certificate Distribution Account. (b) The Certificate Distribution Account shall be an Eligible Account. If the Certificate Distribution Account ceases to be an Eligible Account, the Securities Administrator shall establish a new Certificate Distribution Account that is an Eligible Account within 10 days and transfer all funds and investment property on deposit in such existing Certificate Distribution Account into such new Certificate Distribution Account. (c) The Certificate Paying Agent shall withdraw funds from the Certificate Distribution Account for payments to the Certificateholder in the manner specified in this Agreement. In addition, the Securities Administrator may prior to making the payment required pursuant to Section 4.02 from time to time make withdrawals from the Certificate Distribution Account for the following purposes: (i) to withdraw funds deposited in error in the Certificate Distribution Account; and (ii) to clear and terminate the Certificate Distribution Account upon the termination of the Trust. (d) All of the right, title and interest of the Trust in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof shall be held for the benefit of the Holder and such other persons entitled to payments therefrom. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholder.

Certificate Distribution Account. (a) The Securities Administrator shall establish and maintain on behalf of the Trust and the Certificateholder, the Certificate Distribution Account. (b) The Certificate Distribution Account shall be an Eligible Account. If the Certificate Distribution Account ceases to be an Eligible Account, the Securities Administrator shall establish a new Certificate Distribution Account that is an Eligible Account within 10 [10] days and transfer all funds and investment property on deposit in such existing Certificate Distribution Account into such new Certificate Distribution Account. (c) The Certificate Paying Agent shall withdraw funds from the Certificate Distribution Account for payments to the Certificateholder in the manner specified in this Agreement. In addition, the Securities Administrator may prior to making the payment required pursuant to Section 4.02 from time to time make withdrawals from the Certificate Distribution Account for the following purposes: (i) to withdraw funds deposited in error in the Certificate Distribution Account; and (ii) to clear and terminate the Certificate Distribution Account upon the termination of the Trust. (d) All of the right, title and interest of the Trust in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof shall be held for the benefit of the Holder and such other persons entitled to payments therefrom. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholder.

Certificate Distribution Account. (a) The Securities Administrator shall establish and maintain on behalf of the Trust and the Certificateholder, the Certificate Distribution Account. (b) The Certificate Distribution Account shall be an Eligible Account. If the Certificate Distribution Account ceases to be an Eligible Account, the Securities Administrator shall establish a new Certificate Distribution Account that is an Eligible Account within 10 days and transfer all funds and investment property on deposit in such existing Certificate Distribution Account into such new Certificate Distribution Account. (c) The Certificate Paying Agent shall withdraw funds from the Certificate Distribution Account for payments to the Certificateholder in the manner specified in this Agreement. In addition, the Securities Administrator may prior to making the payment required pursuant to Section 4.02 from time to time make withdrawals from the Certificate Distribution Account for the following purposes: (i) to withdraw funds deposited in error in the Certificate Distribution Account; and (ii) to clear and terminate the Certificate Distribution Account upon the termination of the Trust. (d) All of the right, title and interest of the Trust in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof shall be held for the benefit of the Holder and such other persons entitled to payments therefrom. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholder.

Certificate Distribution Account. (a) The Securities Administrator shall establish and maintain on behalf of the Trust and the Certificateholder, the Certificate Distribution Account. (b) The Certificate Distribution Account shall be an Eligible Account. If the Certificate Distribution Account ceases to be an Eligible Account, the Securities Administrator shall establish a new Certificate Distribution Account that is an Eligible Account within 10 days and transfer all funds and investment property on deposit in such existing Certificate Distribution Account into such new Certificate Distribution Account. (c) The Certificate Paying Agent shall withdraw funds from the Certificate Distribution Account for payments to the Certificateholder in the manner specified in this Agreement. In addition, the Securities Administrator may prior to making the payment required pursuant to Section 4.02 from time to time make withdrawals from the Certificate Distribution Account for the following purposes:: 201496 HomeBanc 2006-2 Trust Agreement (i) to withdraw funds deposited in error in the Certificate Distribution Account; and (ii) to clear and terminate the Certificate Distribution Account upon the termination of the Trust. (d) All of the right, title and interest of the Trust in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof shall be held for the benefit of the Holder and such other persons entitled to payments therefrom. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholder.

Certificate Distribution Account. (a) The Securities Administrator shall establish and maintain on behalf of the Trust and the Certificateholder, the Certificate Distribution Account. (b) The Certificate Distribution Account shall be an Eligible Account. If the Certificate Distribution Account ceases to be an Eligible Account, the Securities Administrator shall establish a new Certificate Distribution Account that is an Eligible Account within 10 days and transfer all funds and investment property on deposit in such existing Certificate Distribution Account into such new Certificate Distribution Account. (c) The Certificate Paying Agent shall withdraw funds from the Certificate Distribution Account for payments to the Certificateholder in the manner specified in this Agreement. In addition, the Securities Administrator may prior to making the payment required pursuant to Section 4.02 from time to time make withdrawals from the Certificate Distribution Account for the following purposes: (i) to withdraw funds deposited in error in the Certificate Distribution Account; andand Trust Agreement (ii) to clear and terminate the Certificate Distribution Account upon the termination of the Trust. (d) All of the right, title and interest of the Trust in all funds on deposit from time to time in the Certificate Distribution Account and in all proceeds thereof shall be held for the benefit of the Holder and such other persons entitled to payments therefrom. Except as otherwise expressly provided herein, the Certificate Distribution Account shall be under the sole dominion and control of the Owner Trustee for the benefit of the Certificateholder.