Common use of Special Deposit Account Clause in Contracts

Special Deposit Account. An account which the Owner and the Servicer agree shall be a special deposit account for the benefit of the Owner under applicable law.

Appears in 7 contracts

Samples: Flow Servicing Agreement (Pennymac Financial Services, Inc.), Flow Servicing Agreement (PennyMac Mortgage Investment Trust), Flow Servicing Agreement (PennyMac Mortgage Investment Trust)

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Special Deposit Account. An account which the Owner and the Servicer agree shall be a special deposit account for the benefit of the related Owner under applicable law.

Appears in 4 contracts

Samples: Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-2f), Flow Servicing Agreement (GSR 2006-5f), Flow Servicing Agreement (GSR 2006-4f)

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Special Deposit Account. An account which the Owner and the Servicer agree shall be a special deposit account for the benefit of the Owner under applicable lawApplicable Law.

Appears in 1 contract

Samples: Flow Servicing Agreement (PennyMac Financial Services, Inc.)

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