Gain-on-Sale Reserve Account. A custodial account or accounts (or subaccount of the Distribution Account) created and maintained by the Certificate Administrator, pursuant to Section 3.04(e) on behalf of the Trustee in trust for the Certificateholders, which shall initially be entitled “Xxxxx Fargo Bank, National Association, as Certificate Administrator, for the benefit of Xxxxx Fargo Bank, National Association, as Trustee, in trust for the registered Holders of X.X. Xxxxxx Chase Commercial Mortgage Securities Trust 2013-C10, Commercial Mortgage Pass-Through Certificates, Series 2013-C10, Gain-on-Sale Reserve Account.” Any such account shall be an Eligible Account or a subaccount of an Eligible Account.
Gain-on-Sale Reserve Account. A custodial account or accounts (or subaccount of the Distribution Account) created and maintained by the Certificate Administrator, pursuant to Section 3.04(e) on behalf of the Trustee for the benefit of the Certificateholders, which shall initially be entitled “Xxxxx Fargo Bank, National Association, as Certificate Administrator on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2017-GS8, Gain-on-Sale Reserve Account”. Any such account shall be an Eligible Account or a subaccount of an Eligible Account.
Gain-on-Sale Reserve Account. A segregated custodial account or accounts or subaccount of the Distribution Account created and maintained by the Paying Agent pursuant to Section 3.04(e) on behalf of the Trustee in trust for the Certificateholders, which shall be entitled “Xxxxx Fargo Bank, N.A., as Trustee, in trust for the registered holders of Wachovia Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2007-C31.” Any such account shall be an Eligible Account or a subaccount of an Eligible Account.
Examples of Gain-on-Sale Reserve Account in a sentence
Additional Interest Account, Distribution Account, Gain-on-Sale Reserve Account and Loan Combination Custodial Accounts.
Funds held in the Distribution Account, the Companion Distribution Account, the Additional Interest Account, the Interest Reserve Account and the Gain-on-Sale Reserve Account may remain uninvested.
Amounts paid from the Gain-on-Sale Reserve Account will not reduce the Certificate Balances of the Classes of Certificates receiving such distributions.
Section 3.05 Permitted Withdrawals from the Certificate Account, Distribution Account, Interest Reserve Account, Additional Interest Account, Gain-on-Sale Reserve Account and Companion Distribution Account..................
Upon conclusion of the investigation, the Board is authorized to levy appropriate action.
More Definitions of Gain-on-Sale Reserve Account
Gain-on-Sale Reserve Account. A custodial account or accounts (or subaccount of the Distribution Account) created and maintained by the Certificate Administrator, pursuant to Section 3.04(e) on behalf of the Trustee for the benefit of the Certificateholders (other than the Holders of the RR Interest), which shall initially be entitled “Xxxxx Fargo Bank, National Association, as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered holders of BANK 2017-BNK4, Commercial Mortgage Pass-Through Certificates, Series 0000-XXX0, Xxxx-xx-Xxxx Reserve Account”. Any such account shall be an Eligible Account or a subaccount of an Eligible Account.
Gain-on-Sale Reserve Account. A segregated custodial account (which may be a sub-account of the Distribution Account) created and maintained by the Trustee pursuant to Section 3.04(f) in trust for the Certificateholders, which shall be entitled "Xxxxx Fargo Bank, N.A., as Trustee, in trust for the registered holders of Xxxxxxx Xxxxx Mortgage Trust 2004-MKB1, Commercial Mortgage Pass-Through Certificates, Series 2004-MKB1, Gain-on-Sale Reserve Account."
Gain-on-Sale Reserve Account. A custodial account or accounts (or subaccount of the Distribution Account) created and maintained by the Paying Agent, pursuant to Section 3.04(d) on behalf of the Trustee in trust for the Certificateholders, which shall be entitled "[________], as Paying Agent, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Moxxxxxx Xxxx-Xxxxxgh Certificates, Series [________], Gain-on-Sale Reserve Account." Any such account shall be an Eligible Account or a subaccount of an Eligible Account.
Gain-on-Sale Reserve Account. A custodial account or accounts (or subaccount of the Distribution Account) created and maintained by the Paying Agent, pursuant to Section 3.04(e) on behalf of the Trustee in trust for the Certificateholders, which shall initially be entitled “Wxxxx Fargo Bank, National Association, as Paying Agent, in trust for the registered Holders of J.X. Xxxxxx Cxxxx Commercial Mortgage Securities Trust 2011-C5, Commercial Mortgage Pass-Through Certificates, Series 2011-C5, Gain-on-Sale Reserve Account.” Any such account shall be an Eligible Account or a subaccount of an Eligible Account.
Gain-on-Sale Reserve Account. A custodial account or accounts created and maintained by the Trustee, pursuant to Section 3.04(d) on behalf of the Trustee in trust for the Certificateholders, which shall be entitled "LaSalle Bank National Association, as Trustee, in trust for the registered Holders of J.P. Morgan Chase Commercial Mortgage Securities Corp., Commercial Mortxxxx Xxxx-Xhrough Certificates, Series 2004-CIBC9, Gain-on-Sale Reserve Account." Any such account shall be an Eligible Account or a subaccount of an Eligible Account.
Gain-on-Sale Reserve Account. A segregated custodial account or accounts created and maintained by the Paying Agent pursuant to Section 3.04(d) on behalf of the Trustee in trust for the Certificateholders, which shall be entitled "LaSalle Bank National Association, as Paying Agent, in trust for the registered Holders of J.X. Xxxxxx Chase Commercial Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2001-C1, Gain-on-Sale Reserve Account." Any such account shall be an Eligible Account.
Gain-on-Sale Reserve Account. A segregated custodial account or accounts or subaccount of the Distribution Account created and maintained by the Certificate Administrator pursuant to Section 3.04(e) on behalf of the Trustee for the benefit of the Certificateholders, which shall