Common use of Funds and Bank Accounts Clause in Contracts

Funds and Bank Accounts. Notwithstanding anything to the contrary contained herein or in the Security Agreement or in any other instrument, Xxxxxx Xxx shall be entitled, in its sole discretion, to retitle and to exercise control and ownership of any and all (a) custodial or escrow accounts for principal and interest or for taxes and insurance or other collections that pertain to the Pooled Mortgages, in accordance with the “Master Agreement for Servicer’s Principal and Interest Custodial Account,” “Master Agreement for Servicer’s Escrow Custodial Account” (or successor documents) executed pursuant to the Xxxxxx Xxx Contract, (b) all documents, in accordance with the “Master Custodial Agreement” executed pursuant to the Xxxxxx Xxx Contract, and (c) if applicable, “Master Agreement for Participation Accounting”. Issuer and Secured Party agree and covenant not to oppose, challenge, interfere with, hinder or obstruct, directly or indirectly, any such actions by Xxxxxx Xxx.

Funds and Bank Accounts. Notwithstanding anything to the contrary contained herein or in the Security Agreement or in any other instrument, Xxxxxx Xxx shall be entitled, in its sole discretion, to retitle and to exercise control and ownership of any and all (a) custodial or escrow accounts for principal and interest or for taxes and insurance or other collections that pertain to the Pooled Mortgages, in accordance with the “Master Agreement for Servicer’s Principal and Interest Custodial Account,” “Master Agreement for Servicer’s Escrow Custodial Account” (or successor documents) executed pursuant to the Xxxxxx Xxx Mae Contract, (b) all documents, in accordance with the “Master Custodial Agreement” executed pursuant to the Xxxxxx Xxx Contract, and (c) if applicable, “Master Agreement for Participation Accounting”. Issuer and Secured Party agree and covenant not to oppose, challenge, interfere with, hinder or obstruct, directly or indirectly, any such actions by Xxxxxx XxxMae.

Funds and Bank Accounts. Notwithstanding anything to the contrary contained herein or in the Security Agreement or in any other instrument, Xxxxxx Xxx shall be entitled, in its sole discretion, to retitle and to exercise control and ownership of any and all (a) custodial or escrow accounts for principal and interest or for taxes and insurance or other collections that pertain to the Pooled Mortgages, in accordance with the “Master Agreement for Servicer’s Principal and Interest Custodial Account,” and “Master Agreement for Servicer’s Escrow Custodial Account” (or successor documents) executed pursuant to the Xxxxxx Xxx Contract, and (b) all documents, in accordance with the “Master Custodial Agreement” executed pursuant to the Xxxxxx Xxx Contract, and (c) if applicable, “Master Agreement for Participation Accounting”. Issuer and Secured Party agree and covenant not to oppose, challenge, interfere with, hinder or obstruct, directly or indirectly, any such actions by Xxxxxx Xxx.

Funds and Bank Accounts. Notwithstanding anything to the contrary contained herein or in the Security Agreement or in any other instrument, Xxxxxx Xxx shall be entitled, in its sole discretion, to retitle and to exercise control and ownership of any and all (a) custodial or escrow accounts for principal and interest or for taxes and insurance or other collections that pertain to the Pooled Mortgages, in accordance with the “"Master Agreement for Servicer’s 's Principal and Interest Custodial Account,” “" "Master Agreement for Servicer’s 's Escrow Custodial Account” " (or successor documents) executed pursuant to the Xxxxxx Xxx Mae Contract, (b) all documents, in accordance with the “"Master Custodial Agreement” " executed pursuant to the Xxxxxx Xxx Contract, and (c) if applicable, “"Master Agreement for Participation Accounting”". Issuer and Secured Party agree and covenant not to oppose, challenge, interfere with, hinder or obstruct, directly or indirectly, any such actions by Xxxxxx XxxMae.