Loan Combination Custodial Account definition

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.
Loan Combination Custodial Account. With respect to any Serviced Loan Combination, the respective segregated account or sub-account created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of such Serviced Loan Combination, which (subject to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitledMidland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, 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, and the related Serviced Companion Loan Holder, as their interests may appear.”
Loan Combination Custodial Account means the “Companion Distribution Account” or similar term for such account as defined in the Lead Securitization Servicing Agreement.

Examples of Loan Combination Custodial Account in a sentence

  • Interest or other income earned on funds in the Collection Account, Loan Combination Custodial Account and Mortgagor Accounts (to the extent consistent with the related Loan Documents), shall be paid to the Master Servicer as additional servicing compensation and interest or other income earned on funds in any REO Account shall be payable to the Special Servicer.

  • The related 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 Loan Combination Custodial Account.

  • Each Loan Combination Custodial Account shall be an Eligible Account or, subject to the last paragraph of this Section 3.04A(a), a sub-account of an Eligible Account.

  • The Non-Controlling Note Holders 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 Certificate Account or Loan Combination Custodial Account.

  • Loan Combination Custodial Account 206 Section 3.06 Permitted Withdrawals From the Collection Account 208 Section 3.06 A.


More Definitions of Loan Combination Custodial Account

Loan Combination Custodial Account means the “Loan Combination Custodial Account”, “Secured Whole Loan Collection Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.
Loan Combination Custodial Account means, with respect to each Serviced Loan Combination, the segregated account or accounts created and maintained by the Master Servicer pursuant to Section 3.04A on behalf of the holders of the Mortgage Loans included in such Serviced Loan Combination, which shall be entitled "[NAME OF MASTER SERVICER], as Master Servicer, in trust for [NAMES OF RELATED MORTGAGE NOTEHOLDERS], as their interests may appear".
Loan Combination Custodial Account means “Loan Combination Custodial Account” or other analogous term as defined in the Lead Securitization Servicing Agreement.
Loan Combination Custodial Account. With respect to any Loan Combination, the separate account (which may be a sub-account of the Collection Account) created and maintained by the Master Servicer pursuant to Section 3.04(h) and held on behalf of the Certificateholders and the related Non-Trust Noteholder, which shall be entitled substantially as follows: "KeyCorp Real Estate Capital Markets, Inc., as Master Servicer for LaSalle Bank National Association, as Trustee, on behalf of and in trust for the registered holders of Xxxxxxx Xxxxx Mortgage Trust 2005-CKI1, Commercial Mortgage Pass-Through Certificates, Series 2005-CKI1, and [name of the related Non-Trust Noteholder(s)], as their interests may appear". Any such account shall be an Eligible Account.
Loan Combination Custodial Account means the “Loan Combination Custodial Account” or “Companion Distribution Account” or similar account as defined in the Lead Securitization Servicing Agreement.
Loan Combination Custodial Account shall have the meaning assigned to such term in the Lead Securitization Servicing Agreement.