Common use of Establishment of and Deposits in the Distribution Account Clause in Contracts

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-1 (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate Account. [End of Article V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Vanderbilt Mortgage & Fin Inc Sen Sub Pa Th Cert Ser 2002-1)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-1 A (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate AccountAmount. [End of Article V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Senior Sub Pas THR Cert Ser 2002 A)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-1 B (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate Account. [End of Article V]Amount.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Vanderbilt Mortgage & Finance Inc)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 20022001-1 B (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies moneys in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate Account. [End of Article V]Amount.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Vanderbilt Mortgage & Finance Inc)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 20022001-1 C (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate AccountAmount. [End of Article V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Senior Subordinate Pass Through Certificates Series 2001-C)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 20022001-1 A (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies moneys in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate AccountAmount. [End of Article V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Vanderbilt Mortgage & Fi in Ma Ho Co Sr Su Pa Th C Se 2001a)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 20022003-1 A (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate AccountAmount. [End of Article V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Senior Subordinate Pass Through Cert Series 2003-A)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2002-1 C (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate AccountAmount. [End of Article V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Senior Sub Pas THR Cert Ser 2002-C)

Establishment of and Deposits in the Distribution Account. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Distribution Account which is an Eligible Account, in the form of one or more separate custodial accounts, titled "Vanderbilt Acquisition Loan Trust (VALT), Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 20022000-1 D (Vanderbilt Mortgage and Finance, Inc., Seller), in trust for the Trustee." The monies moneys in the Distribution Account shall not be invested. One Business Day prior to each Remittance Date, the Trustee shall deposit in the Distribution Account the Available Distribution Amount from funds available in the Certificate AccountAmount. [End of Article V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Vanderbilt Mort & Fin Inc Sen Sub Pass THR Cert Ser 2000-D)