Servicer Account definition
Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.
Servicer Account means any account established by a Servicer or a PSA Servicer in connection with the servicing of the Mortgage Asset.
Servicer Account means the account maintained by the Servicer pursuant the Servicing Agreement into which Income with respect to the Purchased Assets is deposited in accordance with the Servicing Agreement.
Examples of Servicer Account in a sentence
Sellers shall and, in accordance with the Servicer Notice, shall cause each Servicer (if applicable) to hold each related Servicer Account (if any) for the benefit of Buyer.
More Definitions of Servicer Account
Servicer Account. The segregated, non-interest bearing account, created and maintained at Deposit Account Bank pursuant to the Servicing Agreement, which shall be in Servicer’s name on behalf of Buyer pursuant to the Servicing Agreement, account number ###-#######.
Servicer Account means with respect to Purchased Mortgage Loans serviced by any third party Servicer, the account as identified in the related Servicing Agreement into which such Servicer deposits Income and related collections.
Servicer Account. Each segregated, non-interest bearing account established by a Servicer in connection with the servicing of any Asset or Purchased Asset, which shall be in Servicer’s name on behalf of Buyer pursuant to the applicable Servicing Agreement.
Servicer Account means the account created and maintained pursuant to Section 5.7.
Servicer Account means the bank account specified in the Lender Wire Instructions Direction as such bank account may be updated from time to time after the Agreement Date by delivery by the Servicer to the SPV of updated bank account information on a form substantially similar to the Lender Wire Instructions Direction.
Servicer Account means the deposit account in the name of the Initial Servicer with Bank of America, N.A., account number ▇▇▇▇▇▇▇▇▇▇▇▇, or an account agreed by the Trustees to be the successor thereto.
Servicer Account shall have the meaning specified in the Servicing Agreement.