Establishment of Custodial Accounts; Deposits in Custodial Accounts. (a) The Seller shall establish and maintain one or more Custodial Accounts for the deposit of funds specified in Section 11.05(b) collected in connection with the Mortgage Loans.
Appears in 7 contracts
Samples: Assignment and Recognition Agreement (FBR Securitization, Inc.), Mortgage Loan Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A3), Purchase and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3)
Establishment of Custodial Accounts; Deposits in Custodial Accounts. (a) The Seller shall establish and maintain one or more Custodial Accounts for the deposit of funds specified in Section 11.05(b) collected in connection with the Mortgage Loans.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Af2)
Establishment of Custodial Accounts; Deposits in Custodial Accounts. (a) The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts for Accounts, in the form of time deposit of funds specified in Section 11.05(b) collected in connection with the Mortgage Loans.or demand
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Sequoia Mortgage Trust 2007-2)
Establishment of Custodial Accounts; Deposits in Custodial Accounts. (a) The Seller Option One shall establish and maintain one or more Custodial Accounts for the deposit of funds specified in Section 11.05(b) collected in connection with the Mortgage Loans.
Appears in 1 contract
Samples: Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
Establishment of Custodial Accounts; Deposits in Custodial Accounts. (a) The Seller shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts for the deposit of funds specified Accounts. Each Custodial Account shall be an Eligible Account. Funds deposited in Section 11.05(b) collected a Custodial Account may be drawn on in connection with the Mortgage Loans.accordance with
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2005-1)
Establishment of Custodial Accounts; Deposits in Custodial Accounts. (a) The Seller shall establish and maintain one or more Custodial Accounts for the deposit of funds specified in Section 11.05(b) collected in connection with the Mortgage Loans.. (b) The Seller shall transfer the following funds into the applicable Custodial Account within two (2) Business Days of receipt:
Appears in 1 contract
Samples: Purchase and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4)
