Subsidy Account Clause Samples

Subsidy Account. An account maintained by the Company specifically to hold all Subsidy Funds to be applied to individual Subsidy Loans.
Subsidy Account. If the Trust Estate contains any Subsidy Loans, the --------------- deposit account or accounts created and maintained by the Servicer for deposit of Subsidy Funds and amounts payable under interest subsidy agreements relating to mortgage loans other than the Mortgage Loans. The Subsidy Account shall be an Eligible Account.