Common use of Principal and Interest Account Clause in Contracts

Principal and Interest Account. (a) The Master Servicer and/or each Sub-servicer, as applicable, shall establish in the name of the Trust for the benefit of the Owners of the Certificates and the Group I Insurer, as their interests may appear, and maintain at one or more Designated Depository Institutions the Principal and Interest Account.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 1998-1)

Principal and Interest Account. (a) The Master Servicer and/or each Sub-servicer, as applicable, shall establish in the name of the Trust for the benefit of the Owners of the Certificates and the Group I Class A-8 and Class A-9 Certificate Insurer, as their interests may appear, and maintain at one or more Designated Depository Institutions the Principal and Interest Account.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Advanta Mortgage Loan Trust 1997-3)