Common use of Trust Accounts; Distributions Clause in Contracts

Trust Accounts; Distributions. On or before the issuance of the Certificates, ▇▇▇▇▇▇ Mae shall either (i) open with an Eligible Depository one or more trust accounts with respect to each of Trust REMIC I and Trust REMIC II in the name of the Trustee of the Trust Fund that shall collectively be the “Trust Accounts”, (ii) in lieu of maintaining any such account or accounts, maintain the Trust Accounts by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the related Lower Tier Regular Classes and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the related Trust Fund Certificates or (iii) maintain the Trust Accounts in the form of any combination of accounts or book entries described in clauses (i) and (ii) above. Any manner or manners in which the Trust Accounts are maintained may at any time be changed without notice to, or the approval of, Holders of the related Trust Fund Certificates so long as funds held in the Trust Fund by, or for the account of, the Trustee shall at all times be identified. To the extent that the Trust Accounts are maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from the Trust Accounts shall be deemed to refer to credits and debits to the related books of the Trustee. ▇▇▇▇▇▇ ▇▇▇ shall deposit in the Trust Accounts all distributions on the related Lower Tier Regular Classes received by it as Trustee of the Trust Fund hereunder. All distributions on the related Lower Tier Regular Classes deposited from time to time in the Trust Accounts, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Trust Accounts as part of the Trust Fund as herein provided, subject to withdrawal by ▇▇▇▇▇▇ Mae for the purposes set forth in Section 4.05.

Trust Accounts; Distributions. (a) On or before the issuance of the Certificates, ▇▇▇▇▇▇ Mae shall either (i) open with an Eligible Depository one or more trust accounts with respect to each of Trust REMIC I and Trust REMIC II in the name of the Trustee of the Trust Fund Upper Tier REMIC I that shall collectively be the “Trust Accounts”, Account I,” (ii) in lieu of maintaining any such account or accounts, maintain the Trust Accounts Account I by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the related Lower Tier Regular Classes and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the related Trust Fund Upper Tier REMIC I Certificates or (iii) maintain the Trust Accounts Account I in the form of any combination of accounts or book entries described in clauses (i) and (ii) above. Any manner or manners in which the Trust Accounts are Account I is maintained may at any time be changed without notice to, or the approval of, Holders of the related Trust Fund Upper Tier REMIC I Certificates so long as funds held in the Trust Fund Upper Tier REMIC I by, or for the account of, the Trustee shall at all times be identified. To the extent that the Trust Accounts are Account I is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from the Trust Accounts Account I shall be deemed to refer to credits and debits to the related books of the Trustee. ▇▇▇▇▇▇ ▇▇▇ shall deposit in the Trust Accounts Account I all distributions on the related Lower Tier Regular Classes received by it as Trustee of the Trust Fund Upper Tier REMIC I hereunder. All distributions on the related Lower Tier Regular Classes deposited from time to time in the Trust AccountsAccount I, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in the Trust Accounts Account I as part of the Trust Fund Upper Tier REMIC I as herein provided, subject to withdrawal by ▇▇▇▇▇▇ Mae for the purposes set forth in Section 4.05. (b) On or before the issuance of the Certificates, ▇▇▇▇▇▇ ▇▇▇ shall either (i) open with an Eligible Depository one or more trust accounts in the name of the Trustee of REMIC II that shall collectively be “Trust Account II ,” (ii) in lieu of maintaining any such account or accounts, maintain Trust Account II by means of appropriate entries on its books and records designating all amounts credited thereto in respect of the Group 3 SMBS and all investments of any such amounts as being held by it in its capacity as Trustee for the benefit of the Holders of the REMIC II Certificates or (iii) maintain Trust Account II in the form of any combination of accounts or book entries described in clauses (i) and (ii) above. Any manner or manners in which Trust Account II is maintained may at any time be changed without notice to, or the approval of, Holders of the REMIC II Certificates so long as funds held in Trust Account II by, or for the account of, the Trustee shall at all times be identified. To the extent that Trust Account II is maintained by the Trustee in the manner provided for in clause (ii) above, all references herein to deposits and withdrawals from Trust Account II shall be deemed to refer to credits and debits to the related books of the Trustee. ▇▇▇▇▇▇ Mae shall deposit in Trust Account II all Security Distributions with respect to the Group 3 SMBS received by it as Trustee of REMIC II hereunder. All Security Distributions deposited from time to time in Trust Account II, all investments made with such moneys, including all income or other gain from such investments, shall be held by the Trustee in Trust Account II as part of REMIC II as herein provided, subject to withdrawal by ▇▇▇▇▇▇ ▇▇▇ for the purposes set forth in Section 4.05.