Master Servicer Collection Account. (a) The Master Servicer shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Master Servicer Collection Account as a segregated trust account or accounts. The Master Servicer Collection Account shall be an Eligible Account. The Master Servicer will deposit in the Master Servicer Collection Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:
Master Servicer Collection Account. Section 4.03 Permitted Withdrawals and Transfers from the Master Servicer Collection Account.
Master Servicer Collection Account. The separate Eligible Account created and maintained by the Master Servicer, on behalf of the Trustee, pursuant to Section 4.01. Funds in the Master Servicer Collection Account (exclusive of any earnings on investments made with funds deposited therein) shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
Master Servicer Collection Account. (a) The Master Servicer shall establish and maintain in the name of LaSalle Bank National Association, as Master Servicer, on behalf of the Trustee, for the benefit of the Certificateholders, the Master Servicer Collection Account which shall be an Eligible Account. The Master Servicer will deposit in the Master Servicer Collection Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:
Master Servicer Collection Account. 60 Section 4.03 PERMITTED WITHDRAWALS AND TRANSFERS FROM THE MASTER SERVICER COLLECTION ACCOUNT.............................................................................61 Section 4.04 DISTRIBUTION ACCOUNT.........................................................62 Section 4.05 PERMITTED WITHDRAWALS AND TRANSFERS FROM THE DISTRIBUTION ACCOUNT ..............................................................................................62
Master Servicer Collection Account. The separate Eligible Account created and initially maintained by the Master Servicer pursuant to Section 4.02 with a depository institution in the name of the Trustee for the benefit of the Certificateholders and designated “LaSalle Bank National Association, in trust for registered holders of Bear Xxxxxxx Asset Backed Securities Trust 2004-1, Asset-Backed Certificates, Series 2004-1-Master Servicer Collection Account.” Funds in the Master Servicer Collection Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
Master Servicer Collection Account. (i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master Servicer Collection Account of Christiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee for the benefit of Sequoia Mortgage Trust 2013-4 Holders of Mortgage Pass-Through Certificates.” The Master Servicer shall hold the Master Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master Servicer Collection Account and retain on deposit therein until the related Master Servicer Remittance Date the following amounts:
Master Servicer Collection Account. (a) The Master Servicer shall establish and maintain in the name of the Grantor Trustee, for the benefit of the Grantor Trust Certificateholders, the Master Servicer Collection Account as a segregated trust account or accounts. The Master Servicer shall deposit in the Master Servicer Collection Account as identified by the Master Servicer and as received by the Master Servicer, the following amounts:
Master Servicer Collection Account. (a) The Master Servicer shall establish and maintain the Master Servicer Collection Account in the name of the Master Servicer for the benefit of the Trustee on behalf of the Certificateholders. The Master Servicer Collection Account shall be an Eligible Account. The Master Servicer shall deposit or cause to be deposited into the Master Servicer Collection Account on a daily basis within one Business Day of receipt, except as otherwise specifically provided herein, the following payments and collections remitted by Subservicers or received by it in respect of the Mortgage Loans subsequent to the Cut-off Date (other than in respect of principal and interest due on the Mortgage Loans, other than Simple Interest Loans, on or before the Cut-off Date) and the following amounts required to be deposited hereunder:
Master Servicer Collection Account. 67 Section 4.03 PERMITTED WITHDRAWALS AND TRANSFERS FROM THE MASTER SERVICER COLLECTION ACCOUNT....................................................................68 Section 4.04
