Class P Certificate Account Sample Clauses
The Class P Certificate Account clause establishes a specific account designated for holding funds related to Class P Certificates within a structured finance transaction. This account is typically used to collect, segregate, and manage payments such as principal, interest, or other distributions owed to holders of Class P Certificates. By clearly defining the purpose and operation of this account, the clause ensures that funds are properly allocated and tracked, thereby providing transparency and protecting the interests of certificate holders.
Class P Certificate Account. (a) The Trustee shall establish and maintain in the name of the Trustee, for the benefit of the Class P Certificateholders, the Class P Certificate Account as a segregated trust account or accounts.
(b) On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account, an amount equal to $100. All amounts deposited to the Class P Certificate Account shall be held by the Trustee in the name of the Trustee in trust for the benefit of the Class P Certificateholders in accordance with the terms and provisions of this Agreement. The amount on deposit in the Class P Certificate Account shall be held uninvested.
Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 Class P Certificate Account". On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the November 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates, in reduction of the Certificate Principal Balance thereof.
Class P Certificate Account. The Eligible Account established and maintained by the Securities Administrator pursuant to Section 5.09.
Class P Certificate Account. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 2005-AC4 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, in the Class P Certificate Account $100.00. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the June 2010 Distribution Date, the Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.
Class P Certificate Account. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account for each of the Class P Certificates, titled “Bear S▇▇▇▇▇▇ Asset-Backed Securities I Trust 2006-AC4 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited in the Class P Certificate Account $100.00. Prepayment charges shall be allocated to the Class P Certificate. The amount on deposit in the Class P Certificate Account shall be held uninvested. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule, the Securities Administrator shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders of the Class P Certificates in reduction of the Certificate Principal Balance thereof.
Class P Certificate Account. Class A-1/A-2 Net WAC Pass-Through Amount; Class A-3/A-2 Net WAC Pass-Through Amount; Class A-1/A-2/A-3 Net WAC Reserve Account.
Class P Certificate Account. Section 5.10 Basis Risk Shortfall Reserve Fund.
Class P Certificate Account. Section 5.10.
Class P Certificate Account. Reserve Fund; Payments to and from Swap Administrator; Supplemental Interest Trust.
Class P Certificate Account. Section 5.11 Net WAC Reserve Fund.