Companion Loan Distribution Account definition

Companion Loan Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.
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Companion Loan Distribution Account. As defined in Section 3.4(a).
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Companion Loan Distribution Account. With respect to each Companion Loan, the separate account created and maintained by the Trustee pursuant to Section 3.05 and held on behalf of the related Class S Certificateholder, which shall be entitled "LaSalle Bank National Association, as Trustee for the Class S Certificateholder of the related Companion Loan." Any such account shall be an Eligible Account.
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Examples of Companion Loan Distribution Account in a sentence

  • The applicable Non-Lead Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Collection Account or Companion Loan Distribution Account.

  • The applicable Non-Controlling Note Holder shall be solely responsible for reimbursing the Trustee’s or the Controlling Note Holder’s, as applicable, costs and expenses, if not paid within a reasonable time by the terminated special servicer and, in the case of the Trustee, that would otherwise be reimbursed to the Trustee from amounts on deposit in the Collection Account or Companion Loan Distribution Account.

  • Each Serviced Companion Loan Distribution Account shall be maintained as an Eligible Account (or as a sub-account of an Eligible Account).

  • All income and gain realized from the investment of funds deposited in such Serviced Companion Loan Distribution Account shall be for the benefit of the Serviced Whole Loan Paying Agent; provided that the Serviced Whole Loan Paying Agent shall be responsible for the amount of any Net Investment Loss (net of Net Investment Earnings) in respect of such Permitted Investments.

  • The Serviced Whole Loan Paying Agent shall give notice to the Master Servicer of the location of each Serviced Companion Loan Distribution Account as of the Closing Date and of the new location of any Serviced Companion Loan Distribution Account prior to any change thereof.

  • All income and gain realized from the investment of funds deposited in such Serviced Companion Loan Distribution Account shall be for the benefit of the Serviced Companion Loan Paying Agent; provided that the Serviced Companion Loan Paying Agent shall be responsible for the amount of any Net Investment Loss (net of Net Investment Earnings) in respect of such Permitted Investments.

  • The Serviced Companion Loan Paying Agent shall give notice to the Master Servicer of the location of each Serviced Companion Loan Distribution Account as of the Closing Date and of the new location of any Serviced Companion Loan Distribution Account prior to any change thereof.

  • The Master Servicer shall deliver to the Serviced Companion Loan Paying Agent each month on or before the date set forth in Section 3.05(e)(i), for deposit in the applicable Serviced Companion Loan Distribution Account, that portion of the applicable Serviced Whole Loan Remittance Amount allocable to the applicable Serviced Companion Loan Holder then on deposit in the applicable Serviced Whole Loan Custodial Account.

  • The Master Servicer shall deliver to the Serviced Whole Loan Paying Agent each month on or before the date set forth in Section 3.05(e)(i), for deposit in the applicable Serviced Companion Loan Distribution Account, that portion of the applicable Serviced Whole Loan Remittance Amount allocable to each applicable Serviced Companion Loan Holder then on deposit in the applicable Serviced Whole Loan Custodial Account.

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Related to Companion Loan Distribution Account

  • Companion Distribution Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.

  • Note Distribution Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Certificate Distribution Account has the meaning assigned to such term in the Trust Agreement.

  • Principal Distribution Account means the account by that name established and maintained pursuant to Section 4.1 of the Sale and Servicing Agreement.

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) shall be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

  • Lower-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Lower-Tier REMIC.

  • Excess Interest Distribution Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.05(e) of this Agreement in trust for the Holders of the Excess Interest Certificates, which (subject to changes in the identities of the Certificate Administrator and/or the Trustee) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Class S – Excess Interest Distribution Account.” Any such account shall be an Eligible Account. The Excess Interest Distribution Account shall be held solely for the benefit of the Holders of the Excess Interest Certificates. The Excess Interest Distribution Account shall not be an asset of any Trust REMIC, but rather shall be an asset of the Grantor Trust.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Distribution Accounts Collectively, the Upper-Tier REMIC Distribution Account, the Lower-Tier REMIC Distribution Account, the Excess Interest Distribution Account (and in each case any subaccount thereof), all of which may be subaccounts of a single Eligible Account.

  • Upper-Tier Distribution Account A subaccount of the Distribution Account, which shall be an asset of the Trust Fund and the Upper-Tier REMIC.

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust, Mortgage Pass- Thrxxxx Xxrtificates, Series 2003-1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Certificate Payment Account means the account established and maintained as such pursuant to Section 4.1(c).

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • Lower-Tier REMIC Distribution Account The account or accounts created and maintained as a separate account (or separate sub-account within the same account as another Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Benchmark 2019-B12 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2019-B12, Lower-Tier REMIC Distribution Account” and which must be an Eligible Account. The Lower-Tier REMIC Distribution Account shall be an asset of the Lower-Tier REMIC.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Note Account As defined in the Indenture.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • Upper-Tier REMIC Distribution Account The trust account or accounts created and maintained as a separate trust account (or separate sub-account within the same account as the Lower-Tier REMIC Distribution Account) or accounts by the Certificate Administrator pursuant to Section 3.05(b) of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Computershare Trust Company, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of BMO 2022-C1 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2022-C1, and the Uncertificated Interest Owners, Upper-Tier REMIC Distribution Account” and which must be an Eligible Account. The Upper-Tier REMIC Distribution Account shall be an asset of the Upper-Tier REMIC.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.