Establishment of Custodial Account. The Servicer shall establish and maintain a separate Custodial Account titled “Chase Home Finance LLC as subservicer for JPMorgan Chase Bank, National Association, in trust for U.S. Bank National Association, as Trustee for X.X. Xxxxxx Mortgage Trust 2006-A7,” for all funds collected and received on the Specified Mortgage Loans.
Establishment of Custodial Account. The Servicer shall establish and maintain a separate Collection Account in the name of the Trustee, in trust for X.X. Xxxxxx Mortgage Acquisition Trust 2006-CW2, for all funds collected and received on the Specified Mortgage Loans.
Establishment of Custodial Account. The Company shall segregate and hold all funds collected and received in connection with a Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled "Wells Fargo Home Mortgage, Inc., in trust for the Purchaser and/or subsxxxxxt purchasers of Mortgage Loans, and various Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depository. Upon request of the Purchaser and within ten (10) days thereof, the Company shall provide the Purchaser with written confirmation of the existence of such Custodial Account. Any funds deposited in the Custodial Account shall at all times be insured to the fullest extent allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The Company shall deposit in the Custodial Account within one Business Day of the Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the Cut-off Date, or received by the Company prior to the Cut-off Date but allocable to a period subsequent thereto, other than payments of principal and interest due on or before the Cut-off Date:
Establishment of Custodial Account. 2.1 The Sponsor shall open and maintain a Custodial Account for each eligible Employee who completes an Application; and the Custodian shall hold and administer, in accordance with the terms hereof, contributions to the Custodial Account and any gain, loss or income from the investment thereof. The Employee shall notify the Sponsor in writing of any change in name, address, or Social Security Number.
Establishment of Custodial Account. The Program Sponsor, on behalf of and duly authorized by the Participant, hereby requests that the Custodian establish a Custodial Account for and in the name of the Plan for the Participant, and represents that all necessary action has been taken for such appointment and that this Agreement constitutes a legal, valid, and binding obligation of the Participant and, to the extent applicable, of the Employer. The Custodian shall not be obligated to provide detailed accounting for the Account or for any individual investment option, such as with respect to Contributions, distributions, loan activity, and rollovers, and the Participant agrees to look solely to the Program Sponsor or other record keeper that the Program Sponsor or the Employer has retained for all such detailed information. It is the intent of the parties hereto that this Agreement shall, to the extent required and permitted under Sections 457(g) and 401(f ) of the Code, be treated as a trust for the exclusive benefit of Plan Participants and their beneficiaries. MG Trust Company, LLC 457(b) Custodial Account Agreement (With Governmental Employer)
Establishment of Custodial Account. 3.1 Establishing a
Establishment of Custodial Account. Broker shall establish and maintain a separate Custodial Account in a bank or financial institution whose deposits are insured by the Federal Deposit Insurance Corporation. Broker shall at all times maintain the Custodial Account in a manner which reflects the custodial nature of the account. Broker shall deposit into the Custodial Account all monies received from or on behalf of Owner. Normal operating expenses of the Property shall be paid from the Custodial Account. Owner authorizes Broker to withdraw funds from the Custodial Account for any payments to be made by the Broker in order to discharge any liabilities or obligations incurred pursuant to this Agreement.
Establishment of Custodial Account. The Sponsor shall open and maintain a Custodial Account for each eligible Participant who completes an Application; and the Sponsor shall hold and administer, in accordance with the terms hereof, contributions to the Custodial Account and any gain, loss or income from the investment thereof. The Participant shall notify the Sponsor in writing of any change in name, address, or Social Security Number.
Establishment of Custodial Account. The Servicer shall establish and maintain a separate Custodial Account titled “JPMorgan Chase Bank, National Association, as Subservicer for GreenPoint Mortgage Funding, Inc., in trust forU.S. Bank National Association, as Trustee for X.X. Xxxxxx Alternative Loan Trust 2006-A2,” for all funds collected and received on the Specified Mortgage Loans.
Establishment of Custodial Account. Deposits in ----------------------------------- ----------- Custodial Account. ----------------- The Company shall segregate and hold all funds collected and received pursuant to each Mortgage Loan (other than any such funds which constitute Escrow Payments, which are to be held in the Escrow Account) separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts (collectively, the "Custodial Account"), which shall comply with the requirements set forth in the definition of "Custodial Account" in Article I and shall be established in a depository acceptable to the Purchaser. The creation of any Custodial Account shall be evidenced by (a) a certification in the form of Exhibit B hereto, in the case of an account established with the Company, or (b) a letter agreement in the form of Exhibit C hereto, in the case of an account held by a depository other than the Company. In either case, a copy of such certification or letter agreement shall be furnished to the Purchaser. If a Custodial Account is maintained with a bank the rating on whose debt obligations by Standard & Poor's Corporation falls below AA, and if the deposits in such Custodial Account are not fully insured by either FDIC or FSLIC, all funds held in such Custodial Account shall be immediately withdrawn by the Company and remitted to the Purchaser, and the Company shall thereafter establish and maintain a new Custodial Account or Accounts meeting the requirements of the first sentence of this Paragraph with one or more new depositories. In the event of the insolvency of the depository institution holding the Custodial Account, the Company shall establish a new Custodial Account in accordance with this Agreement, but not with the depository institution holding the Custodial Account so long as such institution holding the Custodial Account is insolvent. With respect to each Mortgage Loan, the Company shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal and interest on the related Mortgage Loan due on or before the Cut-off Date):
