Subsequent Receipts. In the event that Program Lender shall receive, subsequent to any such assignment, any amounts whatsoever in respect to the GATE Conforming Loans so assigned in the nature of those described in Section 3.04 above, such amounts shall be deposited in a separate account maintained by Program Lender, and shall be held by Program Lender in trust for NCT or the Purchaser Trust to which it has sold the Notes, and the Program Lender shall promptly deliver such amounts to the trustee under the Trust Instrument.
Appears in 2 contracts
Sources: Note Purchase Agreement (National Collegiate Trust 1996-S2), Note Purchase Agreement (National Collegiate Trust 1996-S2)