Common use of Class P Certificate Account Clause in Contracts

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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I "[_____________________], for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2005-AC4 [_________] Class P Certificate Account”". On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 DateDate in [_________], 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Nomura Asset Acceptance Corporation, Alternative Loan Trust 2005-AC4 S3 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 Distribution Date in October 2010 (or the final Distribution Date, if earlier), 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 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 titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, N.A., for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2006-Backed Securities I Trust 2005-AC4 AF1 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 DateDate in November 2011, 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 2005-AC4 AC9 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 August 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 titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, NA, as Securities Administrator, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2006-Backed Securities I Trust 2005-AC4 HE2 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 May 2011 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 20052006-AC4 AC3 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 DateDate 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. The Securities Administrator shall establish and maintain with itself a separate, segregated trust account titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, NA, as Securities Administrator, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2006-Backed Securities I Trust 2005-AC4 WF1 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 July 2011 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Nomura Asset Acceptance Corporation, Alternative Loan Trust 2005-AC4 S2 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 Distribution Date in July 2010 (or the final Distribution Date, if earlier), 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 2005-AC4 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 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 titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2006-Backed Securities I Trust 2005-AC4 WF1 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 DateDate in August 2011, 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 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 titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2006-Backed Securities I Trust 2005-AC4 AR3 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 September 2011 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I "[________________], for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2005-AC4 [___________] Class P Certificate Account”". On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 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 titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, NA, as Securities Administrator, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2007-Backed Securities I Trust 2005-AC4 3 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 May 2012 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Nomura Asset Acceptance Corporation, Alternative Loan Trust 2005-AC4 S4 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 in January 2011 (or the final Distribution Date, if earlier), 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 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 titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2006-Backed Securities I Trust 2005-AC4 AR4 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 November 2011 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I HSBC Bank USA, National Association, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2005-AC4 HE1 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 November 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 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 titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 20052006-AC4 AC3 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 titled “Bear ▇▇▇▇▇▇▇ AssetFargo Bank, NA, as Securities Administrator, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2006-Backed Securities I Trust 2005-AC4 FM2 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 September 2011 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 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 titled “Bear ▇▇▇W▇▇▇▇ AssetFargo Bank, NA, as Securities Administrator, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2007-Backed Securities I Trust 2005-AC4 2 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 January 2012 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 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 titled “Bear ▇▇▇▇▇▇▇ AssetHSBC Bank USA, National Association, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2006-Backed Securities I Trust 2005-AC4 FM1 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 November 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 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 titled “Bear ▇▇▇W▇▇▇▇ AssetFargo Bank, N.A., for the benefit of Nomura Asset Acceptance Corporation, Alternative Loan Trust 2006-Backed Securities I Trust 2005-AC4 WF1 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 DateDate in August 2011, 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 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 titled “Bear ▇▇▇▇▇▇▇ AssetHSBC Bank USA, National Association, for the benefit of Nomura Home Equity Loan, Inc., Home Equity Loan Trust 2006-Backed Securities I Trust 2005-AC4 HE1 Class P Certificate Account”. On the Closing Date, the Depositor will deposit, or cause to be deposited, 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 March 2011 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 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 the Class P Certificate, titled “Bear ▇▇▇▇▇▇▇ Asset-Backed Securities I Trust 2005-AC4 AC8 Class P Certificate Account” (the “Class P Certificate Account”). On the Closing Date, the Depositor will deposit, or cause to be deposited, deposited in the each Class P Certificate Account $100.00. Prepayment charges shall be allocated to the related Class P Certificate. The amount on deposit in the each Class P Certificate Account shall be held uninvested. On the June November 2010 Distribution Date, the Securities Administrator shall withdraw the amount on deposit in the each Class P Certificate Account and remit such amount to the Holders of the related Class P Certificates in reduction of the related Certificate Principal Balance thereof.