Common use of Custodial Accounts; Distribution Account Clause in Contracts

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related Servicing Agreements, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each Servicer Remittance Date, the Servicers will remit to the Securities Administrator, for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each the Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related Servicing AgreementsAgreement, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each The Servicing Agreement requires the Servicer Remittance Date, the Servicers will to remit to the Securities AdministratorTrustee, for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related Servicing Agreements, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each Servicer Remittance Date, the Servicers will remit to the Securities AdministratorMaster Servicer, for deposit into the Distribution Master Servicer Collection Account, all amounts so required to be deposited into such account remitted by the Servicer in accordance with the terms of the related applicable Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each the Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related Servicing AgreementsAgreement, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each Servicer Remittance Date, the Servicers Servicer will remit to the Securities Administrator, for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related Servicing AgreementsAgreement, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each Servicer Remittance Date, the Servicers will remit to the Securities AdministratorMaster Servicer, for deposit into the Distribution Master Servicer Collection Account, all amounts so required to be deposited into such account remitted by the Servicers in accordance with the terms of the related Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each the Servicer will be required to shall establish and maintain one or more Custodial Accounts, as provided in the related Mortgage Loan Servicing AgreementsAgreement, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Mortgage Loan Servicing Agreement, shall be deposited. On each Servicer Remittance Distribution Account Deposit Date, the Servicers will Servicer shall remit to the Securities Administrator, Trustee for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Mortgage Loan Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each the Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related Servicing AgreementsAgreement, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each The Servicing Agreement requires the Servicer Remittance Date, the Servicers will to remit to the Securities Administrator, for deposit into the Distribution Account, Account all amounts so required to be deposited into such account in accordance with the terms of the related Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in this Agreement and the related Servicing Agreements, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under this Agreement and the related Servicing AgreementAgreements, shall be deposited. On each Servicer Remittance Date, the Servicers will remit to the Securities Administrator, for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of this Agreement and the related Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each the applicable Servicer will be required to establish and maintain one or more Custodial Accounts, as provided in the related applicable Servicing AgreementsAgreement, into which all Scheduled Payments and unscheduled payments with respect to the Mortgage Loans, net of any deductions or reimbursements permitted under this Agreement and the related applicable Servicing Agreement, shall be deposited. On each Servicer Remittance Date, the Servicers each Servicer will remit to the Securities Administrator, for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of this Agreement and the related applicable Servicing Agreement.

Custodial Accounts; Distribution Account. (a) On or prior to the Closing Date, each Servicer will be required to shall establish and maintain one or more Custodial Accounts, as provided in the related Servicing AgreementsAgreement, into which all Scheduled Payments and unscheduled payments with respect to the related Mortgage Loans, net of any deductions or reimbursements permitted under the related Servicing Agreement, shall be deposited. On each Servicer Remittance Distribution Account Deposit Date, the Servicers will Servicer shall remit to the Securities Administrator, Trustee for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Servicing Agreement.