Common use of Class P Certificate Account Clause in Contracts

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 Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR6 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 2010 Distribution Date, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 2004-AP3 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 November August 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“▇▇▇▇▇ Fargo Bank, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042006-AP3 AP1 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 DateDate in February 2011, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 2004-AP3 AC6 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 October 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

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 20042003-AP3 A3 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 September 2008 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, on a pro rata basis, in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“▇▇▇▇▇ Fargo Bank, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-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 DateDate in September 2010, the Trustee 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 Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“Nomura Asset Acceptance Corporation, Mortgage Pass-Through Certificates, Series Alternative Loan Trust 20042005-AP3 WF1 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 May 2008 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. (a) The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AR2 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 August 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 Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“▇▇▇▇▇ Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042007-AP3 3 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 July 2012 Distribution Date, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "“Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR2 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 April 2010 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns ABS Trust 20042▇▇▇-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 June 2008 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR3 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 June 2010 Distribution Date, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AP2 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 May 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account Account, cause such funds to be included in the Available Distribution Amount 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 20042005-AP3 AC1 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 January 2010 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity Loan Trust 20042005-AP3 FM1 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 September 2010 Distribution Date, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns Asset-Backe▇ ▇▇▇▇▇ities I Trust 2004-AP3 AC7 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 holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns ABS Trust 20042▇▇▇-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 June 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance CorporationHome Equity Loan, Alternative Inc., Home Equity 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR1 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 February 2010 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. (a) The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AR4 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 December 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Bear Stearns Asset Acceptance Corporation, Alternative Loan Backed ▇▇▇▇▇▇ties I Trust 2004-AP3 AC2 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 April 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“▇▇▇▇▇ Fargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042007-AP3 2 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 July 2012 Distribution Date, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 2004-AP3 AC5 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 September 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR4 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 July 2010 Distribution Date, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns ABS Trust 20042▇▇▇-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 March 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AP2 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 DateDate in June 2010, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns ABS Trust 20042▇▇▇-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 January 2009 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

Class P Certificate Account. The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns ABS Trust 200420▇▇-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 September 2008 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

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 AP1 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 February 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 Trustee Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled "“HSBC Bank USA, National Association, for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 20042005-AP3 AR5 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 September 2010 Distribution Date, the Trustee 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 Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Bear Stearns ABS Trust 20042▇▇▇-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 2008 Distribution Date, the Trustee shall withdraw the amount on deposit in the Class P Certificate Account and remit such amount to the Holders holders of the Class P Certificates, Certificates in reduction of the Certificate Principal Balance thereof.

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. (a) The Trustee shall establish and maintain with itself a separate, segregated trust account titled "Nomura Asset Acceptance Corporation, Alternative Loan Trust 2004-AP3 AR3 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.