Escrow Account definition

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

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Escrow Account. The separate account or accounts created and maintained pursuant to Section 4.06.

Escrow Account. As defined in Section 3.09.

Examples of Escrow Account in a sentence

Except as provided herein (including without limitation, the withdrawals described in the following sentence, which may be made without Issuer, Special Servicer or the Collateral Manager consent), withdrawals of amounts from an Escrow Account may be made only following notice to, and consent of, the Special Servicer subject to consent and consultation provisions set forth in Section 3.23).
The Servicer shall notify the Issuer, the Collateral Manager, the Special Servicer, the Note Administrator and the Trustee in writing of the location and account number of each Escrow Account it establishes and shall notify the Issuer, the Collateral Manager, the Special Servicer, the Note Administrator and the Trustee promptly after any change thereof.
To the extent that the related Loan Documents require Escrow Payments to be made by an Obligor under a Serviced Loan, the Servicer shall use reasonable efforts to obtain, from time to time, all bills for the payment of such items, and shall effect payment prior to the applicable penalty or termination date, employing for such purpose Escrow Payments paid by such Obligor under a Serviced Loan pursuant to the terms of the Loan Documents and deposited in the related Escrow Account by the Servicer.
Notwithstanding the foregoing, the Servicer or the Special Servicer, as the case may be, shall not (other than in the case of sub-clause (2) below) direct the investment of funds held in any Escrow Account and shall not retain the income and gain realized therefrom if the related Loan Documents or applicable law permit the Obligor to be entitled to the income and gain realized from the investment of funds deposited therein.

More Definitions of Escrow Account

Escrow Account has the meaning set forth in the Escrow Agreement.

Escrow Account. Any account established and maintained by each Servicer pursuant to the related Servicing Agreement. Euroclear: Euroclear Bank, S.A./N.V., as operator of the Euroclear System.

Escrow Account means the account established pursuant to the Escrow Agreement.

Escrow Account means the escrow account maintained by the Escrow Agent for the purpose of holding the Deposit Amount pursuant to the Escrow Agreement.

Escrow Account means the escrow account established with the Escrow Agent pursuant to the Escrow Agreement.

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

Escrow Account. The separate account or accounts created and maintained by the Master Servicer or a Servicer pursuant to Section 3.06.