Master Servicer Collection Account definition

Master Servicer Collection Account. The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Wachovia Bank, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MLMI Series 2005-A1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.
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Master Servicer Collection Account. The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Bank One, National Association, as Trustee f/b/o holders of Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust 2000-00, Mortgage Pass-Through Certificates, Series 2002-12 - Master Servicer Collection Account,"and which shall be an Eligible Account.
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Master Servicer Collection Account. The trust accounts or accounts created and maintained pursuant to Section 5.06 hereof, which shall be entitled “LaSalle Bank National Association, as master servicer, on behalf of Citibank, N.A., as Trustee f/b/o holders of SACO I Trust 2006-10, Mortgage-Backed Certificates, Series 2006-10 - Master Servicer Collection Account”. The Master Servicer Collection Account may be a sub-account of the Distribution Account.
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Examples of Master Servicer Collection Account in a sentence

  • The Master Servicer shall deposit the amount of any such loss in the Master Servicer Collection Account within two Business Days of receipt of notification of such loss but not later than the second Business Day prior to the Distribution Date on which the moneys so invested are required to be distributed to the Certificateholders.

  • The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Any change in the location of the Master Servicer Collection Account or the Distribution Account.

  • The Master Servicer Collection Account shall be an Eligible Account.

  • In such event, the legal expenses and costs of such action and any liability resulting therefrom shall be expenses, costs and liabilities of the Trust Fund, and the Master Servicer shall be entitled to be reimbursed therefor out of the Master Servicer Collection Account as provided by Section 4.03.


More Definitions of Master Servicer Collection Account

Master Servicer Collection Account. The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, National Association as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-F1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.
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Master Servicer Collection Account. The trust accounts or accounts created and maintained pursuant to Section 5.05 hereof, which shall be entitled "U.S. Bank National Association, as Trustee f/b/o holders of Bear Xxxxxxx Asset Backed Securities I LLC, Asset Backed Certificates, Series 2004-AC4 - Master Servicer Collection Account".
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Master Servicer Collection Account. The trust account or accounts created and maintained pursuant to Section 5.01, which shall be denominated “EMC Mortgage Corporation, as Master Servicer for the benefit of the Xxxxx Fargo Bank, National Association, in trust for registered Holders of Bear Xxxxxxx Asset Backed Securities I LLC, Asset-Backed Certificates, Series 2007-AC5 – Master Servicer Collection Account.” The Master Servicer Collection Account shall be an Eligible Account.
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Master Servicer Collection Account. The trust account or accounts created and maintained pursuant to Section 4.02 of the Sale and Servicing Agreement. The Master Servicer Collection Account shall be an Eligible Account.
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Master Servicer Collection Account. The separate Eligible Account created and initially maintained by the Master Servicer pursuant to Section 4.02 with a depository institution in the name of the Trustee for the benefit of the Certificateholders and designated "JPMorgan Chase Bank, in trust for registered holders of Bear Stearns Asset Backed Securities Trust 2005-SD2, Asset-Backed Certixxxxxxx, Series 2005-SD2." Funds in the Master Servicer Collection Account shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.
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Master Servicer Collection Account. The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, National Association as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MLMI Series 2006-AF1 - Master Servicer Collection Account (Stack I)." The Master Servicer Collection Account shall be an Eligible Account.
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Master Servicer Collection Account. The trust accounts or accounts created and maintained pursuant to Section 5.05 hereof, which shall be entitled "[Name of Servicer], as Trustee f/b/o holders of Bear Stearns Asset Backed Securities Trust 200__-___, Asset Backed Certificxxxx, Xeries 200__-___, Master Servicer Collection Account".
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