Common use of Principal and Interest Account Clause in Contracts

Principal and Interest Account. (a) The Servicer shall establish and maintain at one or more Designated Depository Institutions the Principal and Interest Account, which shall be an Eligible Account. The Principal and Interest Account shall be identified on the records of the Designated Depository Institution as follows: ________________, as Trustee on behalf of [MBIA Insurance Corporation] and the Owners of the Centex Home Equity Loan Trust 2000-__ Home Equity Loan Asset-

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chec Funding LLC)

Principal and Interest Account. (a) The Servicer shall establish and maintain at one or more Designated Depository Institutions the Principal and Interest Account, which shall be an Eligible Account. The Principal and Interest Account shall be identified on the records of the Designated Depository Institution as follows: ________________Bank One, National Association, as Trustee on behalf of [MBIA Insurance Corporation] Corporation and the Owners of the Centex Home Equity Loan Trust 2000-__ 2001-A Home Equity Loan Asset-

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Centex Home Equity Loan Asset Backed Certs Series 2001 A)

Principal and Interest Account. (a) The Servicer shall establish and maintain at one or more Designated Depository Institutions the Principal and Interest Account, which shall be an Eligible Account. The Principal and Interest Account shall be identified on the records of the Designated Depository Institution as follows: ________________Bank One, National Association, as Trustee on behalf of [MBIA Insurance Corporation] Financial Security Assurance Inc. and the Owners of the Centex Home Equity Loan Trust 2000-__ 2000-A Home Equity Loan Asset-

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2000-A)

Principal and Interest Account. (a) The Servicer shall establish and maintain at one or more Designated Depository Institutions the Principal and Interest Account, which shall be an Eligible Account. The Principal and Interest Account shall be identified on the records of the Designated Depository Institution as follows: ________________Bank One, National Association, as Trustee on behalf of [MBIA Insurance Corporation] Financial Security Assurance Inc. and the Owners of the Centex Home Equity Loan Trust 2000-__ Home Equity Loan Asset-2000-B Home

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Centex Credit Corp Home Eq Ln Asset Backed Cert Ser 2000 B)

Principal and Interest Account. (a) The Servicer shall establish and maintain at one or more Designated Depository Institutions the Principal and Interest Account, which shall be an Eligible Account. The Principal and Interest Account shall be identified on the records of the Designated Depository Institution as follows: ________________Bank One, National Association, as Trustee on behalf of [MBIA Insurance Corporation] and the Owners of the Centex Home Equity Loan Trust 2000-200_-__ Home Equity Loan Asset-

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chec Funding LLC)