Common use of Establishment of Note Distribution Account Clause in Contracts

Establishment of Note Distribution Account. No later than the ------------------------------------------ Closing Date, the Servicer, for the benefit of the Securityholders, shall cause to be established and maintained with the Indenture Trustee one or more Note Distribution Accounts, which shall be separate Eligible Accounts, which may be interest-bearing and which shall be entitled "Note Distribution Account, First Bank National Association, as Indenture Trustee, in trust for the Empire Funding Home Loan Asset Backed Securities, Series 1997-1". Funds in the Note Distribution Account shall be invested in accordance with Section ------- 5.03. ----

Establishment of Note Distribution Account. No later than the ------------------------------------------ Closing Date, the Servicer, for the benefit of the Securityholders, shall cause to be established and maintained with the Indenture Trustee one or more Note Distribution AccountsAccounts (collectively, the "Note Distribution Account"), which shall be separate Eligible Accounts, which Accounts and may be interest-bearing and which shall be bearing, entitled "Note Distribution Account, First Bank National Association, as Indenture Trustee, in trust for the Empire Funding Home Loan Asset Backed Securities, Series 1997-12". Funds in the Note Distribution Account shall be invested in accordance with Section ------- 5.035.03 hereof. ----------------

Establishment of Note Distribution Account. No later than the ------------------------------------------ Closing Date, the Servicer, for the benefit of the SecurityholdersNoteholders, shall cause to be established and maintained with the Indenture Trustee one or more Note Distribution AccountsAccounts (collectively, the "Note Distribution Account"), which shall be separate Eligible Accounts, which Accounts and may be interest-bearing and which shall be bearing, entitled "Note Distribution Account, First U.S. Bank National Association, as Indenture Trustee, in trust for the Empire Funding Home Loan Asset Backed SecuritiesNotes, Series 1997-14". Funds in the Note Distribution Account shall be invested in accordance with Section ------- 5.03. ----5.03 hereof.