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. 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 and/or the related Servicer Notice.
Examples of Servicer Account in a sentence
Amounts payable to Buyer and not otherwise required to be deposited into the Servicer Account or Waterfall Account shall be deposited into the General Repo Accountan account designated by Buyer.
The Waterfall Account and all Collection Accounts shall be established at Waterfall Account Bank and the Servicer Account shall be established at the applicable depository bank as set forth on Schedule 4 hereto.
More Definitions of Servicer Account
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.
Servicer Account shall have the meaning specified in the Servicing Agreement.
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 means the account created and maintained pursuant to Section 5.7.
Servicer Account means with respect to Purchased Mortgage Loans and Contributed Assets serviced by any Subservicer, the account as identified in the related Servicing Agreement into which the Servicer deposits Income and related collections.
Servicer Account. Any account established and maintained for the benefit of the Master Servicer or the Trust by each Servicer with respect to the related Mortgage Loans and any REO Property, pursuant to the terms of the respective Servicing Agreement.