REO Account definition

REO Account. The account or accounts maintained by the Master Servicer in respect of an REO Property pursuant to Section 3.23.

REO Account shall have the meaning set forth in Section 9.14(a) hereof.

REO Account. As defined in Section 3.17(b).

Examples of REO Account in a sentence

• Daarnaast kon ook een afhankelijkheidsrelatie tussen schrijver en opdrachtgever van invloed zijn93.

• The Master Servicer shall deposit into the Collection Accounts within one (1) Business Day after receipt all payments and collections received by it on or after the date hereof with respect to the Mortgage Loans, other than payments and collections with respect to any REO Property (which shall be deposited into the REO Account from amounts withdrawn from the related REO Account pursuant to Section 3.11(a)), Escrow Payments or payments in the nature of Additional Servicing Compensation.

• The last two accounts were at the American River Bank located at 1545 River Park Drive, Sacramento, CA 95815: (1) Bank No. 4, Account No. 410024726 ("Charlene Goodrich Loan Servicing Interest Reserve Account") and (2) Bank No. 5, Account No. 410024924 ("Charlene Goodrich Loan Servicing Inc REO Account").

• The Seller shall timely deliver to the successor the funds in the Custodial Account, REO Account and the Escrow Account and the Mortgage Files and related documents and statements held by it hereunder and the Seller shall account for all funds.

• The quality of our products and services must be our number one priority.

More Definitions of REO Account

REO Account means the Pool REO Account or a Loan Combination REO Account, as applicable.

REO Account. The separate trust account or accounts created and maintained pursuant to this Agreement which shall be entitled “Xxxxxx Savings and Loan Association, F.A. in trust for the Purchaser, as of [date of acquisition of title], Fixed and Adjustable Rate Mortgage Loans”.

REO Account. A segregated custodial account or accounts created and maintained by the Special Servicer pursuant to Section 3.16 of this Agreement on behalf of the Trustee in trust for the Certificateholders and the Serviced Companion Loan Holders, which (subject to any change in the identities of the Special Servicer and/or the Trustee) shall be entitled “C-III Asset Management LLC, as Special Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2016-P3 and the Companion Loan Holder REO Account, as their interests may appear.” Any such account or accounts shall be an Eligible Account.

REO Account. The account or accounts maintained, or caused to be maintained, by the Servicer in respect of an REO Property pursuant to Section 3.21 of this Agreement or by the Interim Servicer pursuant to the Interim Servicing Agreement.

REO Account. A segregated custodial account or accounts created and maintained by (a) with respect to each of the Mortgage Loans (other than any Outside Serviced Mortgage Loan) and any Serviced Loan Combinations (other than the (i) the Woodlands Mall Loan Combination and (ii) The Centre Loan Combination), Midland Loan Services, a Division of PNC Bank, National Association, as the Special Servicer pursuant to Section 3.16 of this Agreement on behalf of the Trustee in trust for the Certificateholders and the related Serviced Companion Loan Holders, which (subject to any change in the identities of such Special Servicer and/or the Trustee) shall be entitled “Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12 and the Companion Loan Holder, as their interests may appear--REO Account”; (b) with respect to the Woodlands Mall Loan Combination, Pacific Life Insurance Company, as the Special Servicer, pursuant to Section 3.16, which (subject to any change in the identities of such Special Servicer and/or the Trustee) shall be entitled “Pacific Life Insurance Company, as Special Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass Through Certificates, Series 2019-B12 and the Companion Loan Holder, as their interests may appear--REO Account”; and (c) with respect to The Centre Loan Combination, Trimont Real Estate Advisors, LLC, as the Special Servicer, pursuant to Section 3.16, which (subject to any change in the identities of such Special Servicer and/or the Trustee) shall be entitled “Trimont Real Estate Advisors, LLC, as Special Servicer, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass Through Certificates, Series 2019-B12 and the Companion Loan Holder, as their interests may appear REO--Account”. Any such account or accounts shall be an Eligible Account.

REO Account means a segregated custodial account or accounts created and maintained by the General Special Servicer or the Co-op Special Servicer, as applicable, pursuant to and for the benefit of the Persons specified in Section 3.16(b) of the Pooling and Servicing Agreement.

REO Account. A segregated account or accounts created and maintained by the Special Servicer pursuant to Section 3.16 on behalf of the Trustee in trust for the Certificateholders, which shall be entitled Banc One, as Special Servicer, in trust for registered holders of First Union National Bank-Chase Manhattan Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 1999-C2".