PROTECTED ACCOUNTS definition

PROTECTED ACCOUNTS. An account established and maintained in the name of the Trustee for the benefit of Certificateholders by each Master Servicer or any Sub-Servicer with respect to the Mortgage Loans and with respect to REO Property in a Designated Depository Institution for receipt of principal and interest and other amounts as described in Section 4.01.
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PROTECTED ACCOUNTS or the Certificate Account as provided by Section 4.03(a). Nothing in this Section 7.04(d) shall affect a Master Servicer's obligation to supervise the servicing and administration of the Mortgage Loans pursuant to Section 3.01(a). (e) In taking or recommending any course of action pursuant to this Agreement, unless specifically required to do so pursuant to this Agreement, no Master Servicer shall be required to investigate or make recommendations concerning potential liabilities which the Trusts might incur as a result of such course of action by reason of the condition of the Mortgaged Properties but each Master Servicer shall give notice to the Certificate Trustee if it has notice of such potential liabilities.
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PROTECTED ACCOUNTS means all customers and potential customers for the Products as are designated as such from time to time based upon the Manufacturer policy then in effect. Updated lists of Protected Accounts will be provided to Reseller throughout the Term of this Agreement.
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Examples of PROTECTED ACCOUNTS in a sentence

  • THE NOTES ARE NOT PROTECTED ACCOUNTS OR DEPOSIT LIABILITIES OF WESTPAC BANKING CORPORATION FOR THE PURPOSE OF THE BANKING ACT OF 1959 OF AUSTRALIA OR ANY OTHER PURPOSE AND ARE NOT INSURED OR GUARANTEED BY (1) THE COMMONWEALTH OF AUSTRALIA OR ANY GOVERNMENTAL AGENCY OF AUSTRALIA, (2) THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OF THE UNITED STATES OR (3) THE GOVERNMENT OR ANY GOVERNMENTAL AGENCY OF ANY OTHER JURISDICTION.

  • Schedule 2.2 ------------ PROTECTED ACCOUNTS Subject to Section 2.2 of this Agreement, this Schedule 2.2 lists the initial Protected Accounts, including any time limitations or other conditions that apply with respect thereto.

  • Schedule 2.2 ------------ PROTECTED ACCOUNTS This Schedule 2.2 lists the Protected Accounts, including any time limitations or other conditions that apply with respect thereto.

Related to PROTECTED ACCOUNTS

  • Protected Account An account established and maintained for the benefit of Certificateholders by each Servicer with respect to the related Mortgage Loans and with respect to REO Property pursuant to the respective Servicing Agreements. Each Protected Account is required to be an Eligible Account.

  • Restricted Account means an account at ▇▇▇▇▇ Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Excluded Accounts means deposit or securities accounts that are designated solely as accounts for, and are used solely for, payroll funding, employee compensation, employee benefits or taxes, in each case in the ordinary course of business.

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.