Custodial Escrow Account definition

Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer, in accordance with the Guide or otherwise, for the purpose of funding (a) escrows for taxes, insurance and related payments and costs, if required by the Credit Facility Provider, (b) a reserve for replacements for the Project, if required by the Credit Facility Provider, and (c) a debt service reserve for the Bond Mortgage Loan, if required by the Credit Facility Provider.
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Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer from and after the Conversion Date pursuant to the Guide or otherwise, for the purpose of funding (i) escrows for taxes, insurance and related payments and costs, if required by Xxxxxxx Mac, (ii) a reserve for replacements for the Project, if required by Xxxxxxx Mac, and (iii) a debt service reserve for the Bond Mortgage Loan, if required by Xxxxxxx Mac.
Sample 1Sample 2
Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer, in accordance with the Guide or otherwise, for the purpose of funding
Sample 1Sample 2

Examples of Custodial Escrow Account in a sentence

  • This Agreement contains the entire agreement between the parties relating to the Custodial Escrow Account and supersedes all prior understandings and agreements between the parties.


More Definitions of Custodial Escrow Account

Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer, in accordance with the Guide or otherwise, for the purpose of funding (a) escrows for taxes, insurance and related payments and costs, if required by Freddie Mac, (b) a reserve for replacements for the Project, if required by Freddie Mac, and (c) a debt service reserve for the Bond Mortgage Loan, if required by Freddie Mac.
Sample 1
Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer from and after the Conversion Date, in accordance with the Guide or otherwise, for the purpose of funding (a) escrows for taxes, insurance and related payments and costs, if required by the Initial Permanent Phase Credit Facility Provider, (b) a reserve for replacements for the Development, if required by the Initial Permanent Phase Credit Facility Provider, (c) a debt service reserve for the Bond Mortgage Loan, if required by the Initial Permanent Phase Credit Facility Provider, and (d) any other reserves that may be required by the Initial Permanent Phase Credit Facility Provider.
Sample 1

Related to Custodial Escrow Account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

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

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Indemnity Escrow Account has the meaning set forth in Section 2.3(c).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

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

  • Adjustment Escrow Account has the meaning set forth in Section 2.4(a)(i).

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

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

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Interest Reserve Account As defined in Section 3.4(d).

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • 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.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Cash Reserve Account means an Eligible Deposit Account established in the name of the Trust and designated as the Cash Reserve Account for the purposes hereof, the balance of which shall be subject to the control of the Trust for the benefit of the Trust and the Seller and applied in accordance with the terms hereof, which account shall bear interest and shall initially be account number [*], maintained at [*];

  • FF&E Reserve Account shall have the meaning set forth in Section 7.3 hereof.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Insurance Account shall have the meaning set forth in Section 8.6 hereof.