Payment Clearing Account. The account established and maintained pursuant to the second paragraph of Section 4.03.
Payment Clearing Account. An Eligible Account created and maintained pursuant to Exhibit 8.
Payment Clearing Account means account number 4121967343 held at Xxxxx Fargo Bank, N.A. and entitled “Nationstar Mortgage LLC and in trust for the Benefit of Certain Investors.”
Examples of Payment Clearing Account in a sentence
Except for the period when initially received and held in the Payment Clearing Account (which will be cleared on a daily basis with respect to any funds therein no later than the second Business Day after the deposit of such funds), the funds in the T & I Escrow Accounts and the P & I Custodial Accounts may not be commingled with any other funds, including the proceeds of any other mortgage loans or with funds serviced for other investors or for the Servicer’s own portfolio.
More Definitions of Payment Clearing Account
Payment Clearing Account. [Name of Account] Fairbanks Capital Corp. Payment Clearing Account";
Payment Clearing Account. An Eligible Account created and maintained pursuant to Section 11.04 and that is designated "ABN AMRO's Payment Clearing Account in trust for the account of others".
Payment Clearing Account. An Eligible Account created and maintained pursuant to Exhibit 8 and that is designated "Option One Mortgage Corporation Payment Clearing Account in trust for the account of others".
Payment Clearing Account. The account established and maintained by the Servicer for the purposes set forth in Article III hereof.
Payment Clearing Account. An account designated "Wells Fargo Home Mortgage, Inc. Payment Clearing Account in trust for xxxxous investors and mortgagors" maintained by the Company at a Qualified Depository through which funds collected on behalf of the Seller are deposited prior to being posted to the respective Custodial or Escrow Account.
Payment Clearing Account. The account used for daily concentration of all deposits made to the Depository Accounts and for funding all Custodial Accounts.
Payment Clearing Account has the meaning set forth in Section 6.01 hereof.