Collection and Funding Account. The segregated non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and entitled “Deutsche Bank National Trust Company, as Indenture Trustee for the HomEq Servicer Advance Receivables Backed Notes, Series 2010-ADV1, Collection and Funding Account.”
Collection and Funding Account. The segregated non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and entitled “Deutsche Bank National Trust Company, as Indenture Trustee for the HLSS Servicer Advance Receivables Trust II Advance Receivables Backed Notes, Collection and Funding Account.” Collections: The amount of Advance Reimbursement Amounts and other cash collected in reimbursement of Receivables in the Trust Estate, during each Advance Collection Period, plus the proceeds of any Permitted Refinancing or of any Indemnity Payments.
Collection and Funding Account. The segregated non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.7 and entitled “Deutsche Bank National Trust Company, as Indenture Trustee for the NRZ Advance Receivables Trust 2015-ON1 Advance Receivables Backed Notes, Collection and Funding Account”.
Collection and Funding Account. The segregated trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.7 and entitled “Xxxxx Fargo Bank, N.A., as Indenture Trustee for the NRZ Servicer Advance Receivables Trust BC Advance Receivables Backed Notes, Collection and Funding Account.” Collections: The amount of Advance Reimbursement Amounts, cash collected in reimbursement or payment of Receivables in the Trust Estate, during each Advance Collection Period, plus the proceeds of any Permitted Refinancing or of any Indemnity Payments.
Collection and Funding Account. The segregated non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and entitled “Xxxxx Fargo Bank, N.A., as Indenture Trustee for the Nationstar Servicer Advance Receivables Trust 2013-CS Advance Receivables Backed Notes, Collection and Funding Account.” Collections: The amount of Advance Reimbursement Amounts, cash collected in reimbursement or payment of Receivables in the Trust Estate, during each Advance Collection Period, plus the proceeds of any Permitted Refinancing or of any Indemnity Payments.
Collection and Funding Account. Interest Accumulation Account, Fee Accumulation Account and Note Principal Accumulation Account.
Collection and Funding Account. The segregated non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.7 and entitled “Xxxxx Fargo Bank, N.A., as Indenture Trustee for the New Residential Advance Receivables Trust Advance Receivables Backed Notes, Collection and Funding Account”.
Collection and Funding Account. The non-interest bearing trust account or accounts, each of which shall be an Eligible Account, established and maintained pursuant to Section 4.1 and Section 4.7 and entitled “Citibank, N.A., as Indenture Trustee for the PNMAC GMSR ISSUER TRUST MSR Collateralized Notes, Collection and Funding Account” or such of the foregoing that can be reflected on the account systems of the institution maintaining such account.
Collection and Funding Account. Pursuant to Section 4.1, the Indenture Trustee shall establish and maintain the Collection and Funding Account, which shall be an Eligible Account, for the benefit of the Secured Parties. If any such account loses its status as an Eligible Account, the funds in such account shall be moved to an account that qualifies as an Eligible Account within thirty (30) days. The Indenture Trustee shall deposit and withdraw Available Funds from the Collection and Funding Account pursuant to, and to the extent required by Section 4.5. The Indenture Trustee shall hold the portion of Available Funds that constitute Advance Reimbursement Available Funds in a subaccount of the Collection and Funding Account (the “Advance Reimbursement Available Funds Subaccount”). The Indenture Trustee shall hold that portion of Available Funds that constitute Servicing Spread Available Funds in a subaccount of the Collection and Funding Account (the “Servicing Spread Available Funds Subaccount”). Amounts held in the Collection and Funding Account shall be invested in Permitted Investments at the written direction of the Administrator as provided in Section 4.1; provided, however, if no such direction is provided, all amounts shall remain uninvested.
Collection and Funding Account. All payments made on Accounts will be deposited into the Collection and Funding Account. The Borrowers will provide written notification to each Account Debtor to remit all payments to the Collection and Funding Account. Bank will transfer from the Collection and Funding Account all collected amounts and deposit same to another account of the Borrowers designated by Golden Eagle Group.
