Servicing Accounts definition

Servicing Accounts. The account or accounts created and maintained pursuant to Section 3.08.

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Servicing Accounts. The account or accounts maintained by the Subservicer, other than the Subservicer Collection Account, Servicing Fee Account and Ancillary Fee Account, pursuant to the applicable PSA, which may include any escrow accounts, reserve accounts, lock-box accounts and/or cash collateral accounts.

Servicing Accounts. The Escrow Accounts, the Collection Account, the Partitioned Loan Collection Account, the REO Accounts and the Cash Collateral Accounts, each as established under and defined in the Servicing Agreement.

Examples of Servicing Accounts in a sentence

• If allowed by the related Mortgage Loan documents and applicable law, the Master Servicer may charge the related Mortgagor an administrative fee for maintenance of the Servicing Accounts.

• Servicing Accounts shall be Eligible Accounts to the extent permitted by the terms of the related Mortgage Loan documents.

• As part of its servicing duties, the Master Servicer shall pay or cause to be paid to the related Mortgagors interest on funds in Servicing Accounts, to the extent required by law or the terms of the related Mortgage Loan or Companion Loan; provided, however, that in no event shall the Master Servicer be required to remit to any Mortgagor any amounts in excess of actual net investment income or funds in the related Servicing Account.

• The Servicer or the Special Servicer, as the case may be, shall be entitled to all income and gain realized from the investment of funds deposited in the Servicing Accounts as Additional Servicing Compensation.

• Amounts on deposit in Servicing Accounts may only be invested in accordance with the terms of the related Mortgage Loan documents and Companion Loan documents, or in Permitted Investments in accordance with the provisions of Section 3.06.

More Definitions of Servicing Accounts

Servicing Accounts means all rights under the Servicing Agreement, including without limitation, all Accounts owing to Grantor and arising for services rendered or to be rendered by it under the Servicing Agreement.

Servicing Accounts means accounts of the Hospital which IFS has not purchased under Section II hereof and with respect to which IFS has agreed to act as servicer in accordance with Section VII(f) hereof.

Servicing Accounts. The Escrow/Reserve Account and the Servicing Account, each as established under and defined in the Servicing Agreement.

Servicing Accounts. One or more accounts established and maintained by each of the Property Manager and the Special Servicer relating to those Properties and Leases each such party is obligated to service and administer hereunder pursuant to Section 3.02(g).

Servicing Accounts. The account or accounts created and maintained pursuant to

Servicing Accounts means Accounts owing to Grantor and arising from services provided by it under the Servicing Agreement.

Servicing Accounts. The account or accounts created and maintained pursuant to Section 3.08. Servicing Advances: All customary, reasonable and necessary "out of pocket" costs and expenses incurred in connection with a default, delinquency or other unanticipated event by the Master Servicer in the performance of its servicing obligations, including, but not limited to, the cost of (i) the preservation, restoration and protection of a Mortgaged Property, (ii) any enforcement or judicial proceedings, including foreclosures, (iii) the management and liquidation of any REO Property and (iv) compliance with the obligations under Sections 3.01, 3.08, 3.11(a) and 3.13, including, if the Master Servicer or any Affiliate of the Master Servicer provides services such as appraisals and brokerage services that are customarily provided by Persons other than servicers of mortgage loans, reasonable compensation for such services. [TPW: NY01:613641.4] 16069-00420 10/29/97 10:50PM 23