Retained Interest Safekeeping Account definition

Retained Interest Safekeeping Account. An account maintained by the Certificate Administrator, which account shall be deemed to be owned by the Holder(s) of the Risk Retention Certificates in proportion equal to their respective ownership interests in such Risk Retention Certificates.
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Examples of Retained Interest Safekeeping Account in a sentence

  • After the termination of the VRR Interest Transfer Restriction Period, if a transfer of a Risk Retention Certificate is to be made and such Risk Retention Certificate is in the Retained Interest Safekeeping Account, the Certificate Registrar shall not register a Transfer of such Risk Retention Certificate unless it is so instructed by the Certificate Administrator.

  • The Mortgage Loan Seller hereby directs the Purchaser to cause such Class RR Certificate to be registered in the name of the Mortgage Loan Seller and to cause such Class RR Certificate to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of the Mortgage Loan Seller in accordance with the Pooling and Servicing Agreement.

  • The Mortgage Loan Seller hereby directs the Purchaser to cause such portion of the VRR Interest to be registered in the name of Deutsche Bank AG, acting through its New York Branch (“DBNY”) and to cause such VRR Interest to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of DBNY in accordance with the Pooling and Servicing Agreement.

  • The Mortgage Loan Seller hereby directs the Purchaser to cause such Class RR Certificate to be registered in the name of Deutsche Bank AG, acting through its New York Branch (“DBNY”) and to cause such Class RR Certificate to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of DBNY in accordance with the Pooling and Servicing Agreement.

  • Eligibility is generally determined based on the terms of our plans and local statutory requirements.Net Periodic Benefit (Income) Cost The components of net periodic benefit (income) costs other than the service cost are included in other income, net in our consolidated statements of operations.

  • The Mortgage Loan Seller hereby directs the Purchaser to cause such Class VRR Certificate to be registered in the name of the Mortgage Loan Seller and to cause such Class VRR Certificate to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of the Mortgage Loan Seller in accordance with the Pooling and Servicing Agreement.

  • The Mortgage Loan Seller hereby directs the Purchaser to cause such portion of the VRR Interest to be registered in the name of the Mortgage Loan Seller and to cause such VRR Interest to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of the Mortgage Loan Seller in accordance with the Pooling and Servicing Agreement.

  • The Mortgage Loan Seller hereby directs the Purchaser to cause the VRR Interest to be registered in the name of Deutsche Bank AG, acting through its New York Branch (“DBNY”) and to cause the VRR Interest to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of DBNY in accordance with the Pooling and Servicing Agreement.

  • The Seller hereby directs the Purchaser to cause the Class V-1 Certificates specified in clause (ii) of the preceding sentence to be registered in the name of the Seller and to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of the Seller in accordance with the Pooling and Servicing Agreement.

  • The Seller hereby directs the Purchaser to cause the Class V-1 Certificates specified in clause (ii) of the preceding sentence (or any Class V-2 or Class V-3 Certificates for which they are to be exchanged as provided in Section 5.13 of the Pooling and Servicing Agreement) to be registered in the name of the Seller and to be delivered to the Certificate Administrator to be held in the Retained Interest Safekeeping Account on behalf of the Seller in accordance with the Pooling and Servicing Agreement.

Related to Retained Interest Safekeeping Account

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Construction Account means the account by that name established in the FGR Subordinated Indebtedness Fund pursuant to the Second Resolution.

  • Interest Funding Account means the trust account designated as such and established pursuant to Section 5.01(a).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Interest Funds With respect to each Mortgage Group and any Payment Date, (a) the sum of, without duplication, (1) all interest collected (other than the interest portion of Payaheads and Prepayment Premiums) or advanced in respect of Scheduled Payments on the Mortgage Loans in such Mortgage Group during the related Due Period by the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor Master Servicer), minus, (x) to the extent provided under Sections 4.02(e)(3) and (4) and Sections 5.08(i) and (ii) herein, previously unreimbursed Advances and Nonrecoverable Advances due to the Servicer, the Subservicer, the Master Servicer or the Indenture Trustee (solely in its capacity as successor master servicer) to the extent allocable to interest and the allocable portion of previously unreimbursed Servicing Advances with respect to the Mortgage Loans in such Mortgage Group, (y) the Servicing Administration Fee and Master Servicing Fee with respect to such Mortgage Loans in such Mortgage Group and (z) any fees and expenses of any Custodian with respect to the Mortgage Loans in such Mortgage Group to the extent not paid by the Seller or its Affiliates, (2) any Compensating Interest Payments or payments in respect of Prepayment Interest Shortfalls paid by the Master Servicer pursuant to Section 5.21 with respect to the related Prepayment Period with respect to the Mortgage Loans in such Mortgage Group, (3) the portion of any Purchase Price or Substitution Amount paid with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period allocable to interest, and (4) all Net Liquidation Proceeds, Insurance Proceeds and any other recoveries collected with respect to the Mortgage Loans in such Mortgage Group during the related Prepayment Period, to the extent allocable to interest, as reduced by (b) such Mortgage Group’s pro rata share of: (i) the Owner Trustee Fee, (ii) any costs, expenses or liabilities reimbursable or otherwise due to the Master Servicer, Servicer, the Subservicer, the Indenture Trustee, any Custodian, the Owner Trustee or the Trust Administrator to the extent provided in this Agreement, the Trust Agreement, the Indenture and any Custodial Agreement and (iii) any Net Swap Payment.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Administration Account As defined in Section 7.02.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Disbursement Account means any Deposit Account maintained by Borrower with a financial institution for the purpose of receiving and disbursing the proceeds of Loans made pursuant hereto.

  • Concentration Account has the meaning provided in Section 6.13(c).

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Clearing Account Agreement means that certain Clearing Account - Deposit Account Control Agreement dated the date hereof among Borrower, Lender and Clearing Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to funds deposited in the Clearing Account.

  • 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.

  • Special Account means the account referred to in Section 2.02 (b) of this Agreement;

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.