Common use of Rounding Account Clause in Contracts

Rounding Account. (a) No later ▇▇▇▇ ▇▇e Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, U.S. Bank National Association, as trustee for the registered holders of Prime Mortgage Trust 2004-1, Mortgage Pass-Through Certificates, Series 2004-1, Class I-A-5." On the Closing Date, Bear, Stearns & Co. Inc. shall deposit with the Trustee, and the Trustee sha▇▇ ▇▇▇▇sit into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Certificate Owners of the Insured Certificates pursuant to Section 6.01(ix). In addition, the Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Distribution Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(ix).

Rounding Account. (a) No later ▇▇▇▇ ▇▇e than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, U.S. JPMorgan Chase Bank National AssociationN.A., as trustee for the registered holders of Prime Mortgage Trust 20042005-1, Mortgage Pass-Through Certificates, Series 20042005-1, Class I-A-5A-3." On the Closing Date, Bear, Stearns & Co. Inc. shall deposit with the Trustee, and the Trustee sha▇▇ shall ▇▇▇▇sit ▇▇t into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Certificate Owners of the Insured Certificates pursuant to Section 6.01(ix)6.01. In addition, the Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Distribution Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(ix)6.01.

Rounding Account. (a) No later ▇▇▇▇ ▇▇e than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, U.S. Bank One, National Association, as trustee for the registered holders of Prime Structured Asset Mortgage Trust 2004-1Investments Inc., Mortgage Pass-Through Certificates, Series 20042002-14, Class I-A-5A-6." On the Closing Date, Bear, Stearns & Co. Inc. shall deposit ▇▇▇▇▇ ▇eposit with the Trustee, and the Trustee sha▇▇ ▇▇▇▇sit shall deposit into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Certificate Owners of the Insured Certificates pursuant to Section 6.01(ix6.01(g). In addition, the Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Distribution Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(ix6.01(g).

Rounding Account. (a) No later ▇▇▇▇ ▇▇e than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, U.S. JPMorgan Chase Bank National AssociationN.A., as trustee for the registered holders of Prime Mortgage Trust 20042005-1, Mortgage Pass-Through Certificates, Series 20042005-1, Class I-A-5A-3." On the Closing Date, Bear, Stearns & Co. Inc. shall deposit with the Trustee, and the Trustee sha▇shal▇ ▇▇▇▇sit ▇it into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Certificate Owners of the Insured Certificates pursuant to Section 6.01(ix)6.01. In addition, the Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Distribution Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(ix)6.01.

Rounding Account. (a) No later ▇▇▇▇ ▇▇e than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, U.S. Bank National Association, as trustee for the registered holders of Prime Residential Funding Mortgage Trust 2004-1Securities I, Inc., Mortgage Pass-Through Certificates, Series 20042005-1S5, Class I-A-5A-2." On the Closing Date, Bear, Stearns & Co. Inc. shall ▇▇▇▇▇ deposit with the Trustee, and the Trustee sha▇▇ ▇▇▇▇sit shall deposit into the Rounding Account, cash in an amount equal to $999.99. (b) . The Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Certificate Owners Holders of the Insured Certificates pursuant to Section 6.01(ix4.02(i). In addition, the Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Distribution Certificate Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(ix4.02(i).

Rounding Account. (a) No later ▇▇▇▇ ▇▇e than the Closing Date, the Trustee will establish and maintain with itself a segregated trust account that is an Eligible Account, which shall be titled "Rounding Account, U.S. Bank National Association, as trustee for the registered holders of Prime Mortgage Trust 20042003-12, Mortgage Pass-Through Certificates, Series 20042003-12, Class I-A-5A-6." On the Closing Date, Bear, Stearns & Co. Inc. shall ▇▇▇▇▇ deposit with the Trustee, and the Trustee sha▇▇ ▇▇▇▇sit shall deposit into the Rounding Account, cash in an amount equal to $999.99. (b) The Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Rounding Account to pay the Rounding Amount to the Certificate Owners of the Insured Certificates pursuant to Section 6.01(ix6.01(g). In addition, the Trustee on each Distribution Date shall, based upon information provided to it by the Master Servicer for the related Distribution Date, withdraw funds from the Distribution Account to repay to the Rounding Account the Rounding Amount from the prior Distribution Date as contemplated in Section 6.01(ix6.01(g).