Common use of Establishment of and Deposits to Custodial Account Clause in Contracts

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 30 contracts

Samples: Warranties and Servicing Agreement (Lehman Sarm 2005-9), Warranties and Servicing Agreement (Lehman XS Trust Series 2005-9n), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Rate)

AutoNDA by SimpleDocs

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 27 contracts

Samples: Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2007-3), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-5), Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2007-7)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Xxxxx Fargo Home Loans Mortgage, Inc. in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit D. A copy of such certification or letter agreement shall be furnished to the Purchaser and, or any subsequent purchaser upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of the Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 18 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Ser 2002-8a), Warranties and Servicing Agreement (Structured Asset Securities Corp Mort Pa THR Ce Ser 2001-18a), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. National City Mortgage Corp in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 16 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-15), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 7), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. [Servicer] in trust for the Purchaser [Owner], owner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 13 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-11h), Master Servicing Agreement (Structured Asset Sec Corp Mor Pass Thru Cer Ser 2002-10h), Master Servicing Agreement (Structured Asset Securities Corp 2004-18h)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser Bank of Conventional Residential Conventional Residential America, National Association, its successors or assigns, and/or subsequent purchasers of Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 10 contracts

Samples: Assumption and Recognition Agreement (Banc of America Funding 2006-3 Trust), Assumption and Recognition Agreement (Banc of America Funding Corp), Assumption and Recognition Agreement (Banc of America Funding 2006-G Trust)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. “Avelo Mortgage, L.L.C., in trust for the Purchaser of Conventional [insert Owner’s name], Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors". .” The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. The Servicer and the Owner intend that the Custodial Account be a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable lawby the FDIC and as otherwise acceptable to the Rating Agencies. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent PurchaserOwner. The Company Servicer shall deposit in the Custodial Account within two (2) Business Days of receiptreceipt thereof, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Transfer Date, (other than payments of principal and interest due on or before the related Cut-off Subsequent Transfer Date, or received by the Company Servicer prior to the related Cut-off Subsequent Transfer Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 10 contracts

Samples: Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-8f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-Oa1), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-4f)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Greenpoint Mortgage Funding Inc. in trust for the Purchaser Xxxxxx Brothers Bank, purchaser of Conventional Residential Conventional Residential Adjustable and Fixed Rate Mortgage Loans, and various MortgagorsGroup No. 2003-FLOW". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.055.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaserpurchaser of the Mortgage Loans. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company Seller and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 8 contracts

Samples: Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-17), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Rate)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. Loans, Inc., in trust for the Purchaser Centre Capital Group, Inc., owner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 8 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp 2004-18h), Master Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h), Master Servicing Agreement (Structured Asset Securities Corp)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Loans, Inc. in trust for the Purchaser EMC Mortgage Corporation, as purchaser of Conventional Residential Conventional Residential Adjustable Rate Mortgage Loans, Loans and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-3), Custodial Agreement (Bear Stearns ARM Trust 2007-4), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “IndyMac Bank, FSB in trust for the Purchaser of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2003-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 7 contracts

Samples: Reconstituted Servicing Agreement (Lehman XS Trust 2007-1), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-3), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-2)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “National City Mortgage Co., in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansLoans serviced under a Flow Seller’s Warranties and Servicing Agreement, and various Mortgagors"dated as of May 1, 2003”, or as otherwise directed in writing by the Purchaser or its assigns after the Closing Date in connection with any Whole Loan Transfer or Securitization Transaction. 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 fully insured to the full fullest extent permitted under applicable lawallowed by Applicable Law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser4.5. The Company shall deposit in the Custodial Account within one Business Day (or two Business Days in the case of the amounts described in clauses (iii) through (v) below) of the Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related each Cut-off Date, (other than payments of principal and interest due on or before the related such Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 7 contracts

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2007-4f), Custodial Agreement (GSR Mortgage Loan Trust 2006-8f), Custodial Agreement (GSR Mortgage Loan Trust 2007-Ar1)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan or a Letter of Credit 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 "Countrywide Home Loans Inc. “Xxxxx Fargo Bank, N.A., in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansLoans serviced under the Second Amended and Restated Master Seller’s Warranties and Servicing Agreement, and various Mortgagors"dated as of November 1, 2005 - P & I”, or as otherwise directed in writing by the Purchaser or its assigns after the related Closing Date in connection with any Whole Loan Transfer or Securitization Transaction. The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under applicable lawallowed by Applicable Law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser4.5. The Company shall deposit in the Custodial Account within one Business Day (or two Business Days in the case of the amounts described in clauses (3) through (5) below) of the Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 7 contracts

Samples: Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar2), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-3f), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-2f)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited On the Closing Date, the Company shall provide the Purchaser with written confirmation of the existence of such Custodial Account in the form of Exhibit E. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 7 contracts

Samples: Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Warranties and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1), Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-2)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. IndyMac Bank, FSB in trust for the Purchaser of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2003-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 7 contracts

Samples: Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-16), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depositoryan Eligible Institution. Any funds deposited in the The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit F. A copy of such certification or letter agreement shall be furnished to the Purchaser andor any subsequent purchaser, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 6 contracts

Samples: Reconstituted Servicing Agreement (Lehman XS Trust 2007-1), Reconstituted Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Wf1), Reconstituted Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser Owner and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in The existence of the Custodial Account shall be evidenced by an account certification and shall be provided on the respective Servicing Date. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Servicer shall deposit in the Custodial Account within two one (1) Business Days Day of Servicer’s receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 6 contracts

Samples: Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust 2007-10), Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust 2007-2), Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust 2007-Ar5)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. SunTrust Mortgage, Inc., in trust for the Purchaser Banc of Conventional Residential Conventional Residential America Mortgage Capital Corporation and/or subsequent purchasers of Mortgage Loans, and various Mortgagors". 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 fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one Business Days Day of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Banc of America Funding 2006-3 Trust), Sale and Servicing Agreement (Banc of America Funding 2006-2 Trust), Sale and Servicing Agreement (Banc of America Funding 2006-5 Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “IndyMac Bank, FSB in trust for the Purchaser of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2005-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 6 contracts

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2006-14n), Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2006-4), Reconstituted Servicing Agreement (LMT 2006-4)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. Bank of America, N.A. in trust for the Purchaser Centre Capital Group, Inc., owner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 6 contracts

Samples: Master Servicing Agreement (Structured Asset Sec Corp Mor Pass Thru Cer Ser 2002-10h), Assignment and Assumption Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h), Assignment and Assumption Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A. in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit D. A copy of such certification or letter agreement shall be furnished to the Purchaser and, or any subsequent purchaser upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of the Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 5 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-11h), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-14), Warranties and Servicing Agreement (Lehman Sarm 2005-5)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. RBC Mortgage Company in trust for the Purchaser of Conventional Xxxxxx Brothers Bank, FSB, Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"Group No. 2003-2." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 5 contracts

Samples: Flow Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-14), Flow Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Flow Interim Servicing Agreement (Structured Asset Securities Corp)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Xxxxx Fargo Home Loans Mortgage, Inc. in trust for the Purchaser Centre Capital Group, Inc, owner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 5 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h), Assignment and Assumption Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h), Master Servicing Agreement (Structured Asset Securities Corp)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. IndyMac Bank, F.S.B., as Servicer, in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate and Adjustable Rate Mortgage Loans, and various Mortgagors". The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Depository Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 5 contracts

Samples: Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar2), Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4), Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-3)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. National City Mortgage Co., as Servicer, in trust for the Purchaser Banc of Conventional Residential Conventional Residential America Mortgage Capital Corporation and/or subsequent Purchasers of fixed and adjustable rate Mortgage Loans, and various Mortgagors". ." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 C-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior (these amounts remit to the related Cut-off Date but allocable to a period subsequent thereto Purchaser), or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 4 contracts

Samples: Warranties and Servicing Agreement (Banc of America Funding 2006-2 Trust), Warranties and Servicing Agreement (Banc of America Funding 2006-3 Trust), Warranties and Servicing Agreement (Banc of America Funding 2007-a Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 4 contracts

Samples: Warranties and Servicing Agreement (STARM Mortgage Loan Trust 2007-3), Warranties and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-2), Warranties and Servicing Agreement (MASTR Alternative Loan Trust 2007-1)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. Commercial Federal Mortgage Corporation in trust for the Purchaser Centre Capital Group, Inc., owner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 4 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h), Master Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003-7h), Master Servicing Agreement (Structured Asset Securities Corp 2004-18h)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser and/or subseqxxxx purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 4 contracts

Samples: Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar), Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-7), Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-11)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser Bank of Conventional Residential Conventional Residential America, National Association, its successors or assigns and/or subsequent Owners of Mortgage Loans, and various Mortgagors". Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited Upon request of the Owner and within ten (10) days thereof, the Servicer shall provide the Owner with written confirmation of the existence of such Custodial Account in the form attached hereto as Exhibit E. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Servicer shall deposit in the Custodial Account within two (2) Business Days of Servicer's receipt, and retain therein, the following collections received by the Company Servicer and payments made any other amounts required to be deposited by the Company Servicer pursuant to this Agreement after the related Cut-off Date, (or received by the Servicer 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 related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):as follows:

Appears in 4 contracts

Samples: Servicing Agreement (Banc of America Funding 2007-2 Trust), Servicing Agreement (Banc of America Funding 2006-8t2 Trust), Servicing Agreement (Banc of America Funding 2007-4 Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. IndyMac Bank, FSB in trust for the Purchaser of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2005-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 4 contracts

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2006-10n), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-7n), Warranties and Servicing Agreement (Lehman Xs Trust Series 2006-2n)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I.” The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 4 contracts

Samples: Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs), Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans “GreenPoint Mortgage Funding, Inc. in trust for the Purchaser Xxxxxx Brothers Bank, purchaser of Conventional Residential Conventional Residential Adjustable and Fixed Rate Mortgage Loans, and various Mortgagors"Group No. 2006-FLOW”. The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.055.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaserpurchaser of the Mortgage Loans. The Company Seller shall deposit in the Custodial Account on a daily basis within two (2) Business Days of receipt, and retain therein, the following collections received by the Company Seller and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 4 contracts

Samples: Reconstituted Servicing Agreement (LXS 2007-3), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-10), Lehman Brothers (Structured Adjustable Rate Mortgage Loan Trust Series 2007-5)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. “Avelo Mortgage, L.L.C., in trust for the Purchaser of Conventional Xxxxxxx Xxxxx Mortgage Company, Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors". .” The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. The Servicer and the Owner intend that the Custodial Account be a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable lawby the FDIC and as otherwise acceptable to the Rating Agencies. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent PurchaserOwner. The Company Servicer shall deposit in the Custodial Account within two (2) Business Days of receiptreceipt thereof, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Transfer Date, (other than payments of principal and interest due on or before the related Cut-off Subsequent Transfer Date, or received by the Company Servicer prior to the related Cut-off Subsequent Transfer Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Flow Servicing Agreement (GSR 2006-4f), Flow Servicing Agreement (GSR 2006-5f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-2f)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a each 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 "Countrywide “Countywide Home Loans Inc. Servicing LP, in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansDB Structured Products, and various Mortgagors"Inc.”. The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner as a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in by the Custodial Account FDIC and as otherwise acceptable to the Rating Agencies and any amounts therein may be drawn on by the Company invested in accordance with Section 4.05Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer (provided the Servicer qualifies as a Qualified Depository), or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner on or prior to the execution of this Agreement and, upon request, to any subsequent PurchaserOwner. The Company Servicer shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company Servicer (such collections being those received by Servicer within two Business Days prior to actual deposit into the Custodial Account) and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior Servicer subsequent to the related Cut-off Servicing Transfer Date but allocable pursuant to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):this Agreement:

Appears in 3 contracts

Samples: Flow Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2), Flow Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Oa1), Flow Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab3)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. National City Mortgage Co., as Servicer, in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate and Adjustable Rate Mortgage Loans, and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A3), Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2), Warranties and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser and/or subsequxxx xurchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-13arx), Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs), Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-11)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser and/or subsxxxxxt purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-1ar), Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar), Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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, Accounts titled "Countrywide Home Loans Inc. IndyMac Bank, F.S.B., in trust for [Name of the Purchaser Purchaser] and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". 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 fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, Date (other than payments of principal and interest due on or before the related Cut-off Date, ) or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Flow Sale and Servicing Agreement (Luminent Mortgage Trust 2006-7), Sale and Servicing Agreement (Luminent Mortgage Trust 2006-6), Sale and Servicing Agreement (Luminent Mortgage Trust 2007-1)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. IndyMac Bank, F.S.B. in trust for the Purchaser of Conventional Xxxxxx Brothers Bank, FSB, Residential Conventional Residential Fixed Rate Mortgage Loans, Loans and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 3 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Flow Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Flow Interim Servicing Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Xxxxx Fargo Home Loans Inc. Mortgage, Inc., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit E. A copy of such certification or letter agreement shall be furnished to the Purchaser andor any subsequent purchaser, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Series 2004-3), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Passthr Certs Ser 2003-38)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “National City Mortgage Co., as Servicer, in trust for the Purchaser Xxxxxx Xxxxxxx Mortgage Capital Inc. and/or subsequent Purchasers of Conventional Residential Conventional Residential fixed and adjustable rate Mortgage Loans, and various Mortgagors". .” The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, Date (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior (which amounts shall be remitted to the related Cut-off Date but allocable to a period subsequent thereto Company), or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 3 contracts

Samples: Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. IndyMac Bank, FSB in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-3 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2001 19)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser UBS Real Estate Securities Inc. and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Ab1), Warranties and Servicing Agreement (MASTR Asset Securitization Trust 2006-2), Warranties and Servicing Agreement (MASTR Alternative Loan Trust 2006-1)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “Wxxxx Fargo Bank, N.A., in trust for the Purchaser Bank of Conventional Residential Conventional Residential America, National Association, its successors or assigns, and/or subsequent purchasers of Mortgage Loans, and various Mortgagors". Loans - P & I.” The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 3 contracts

Samples: And Servicing Agreement (GSR Mortgage Loan Trust 2007-Ar2), And Servicing Agreement (GSR Mortgage Loan Trust 2007-2f), And Servicing Agreement (GSR Mortgage Loan Trust 2007-3f)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A. in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depositoryan Eligible Institution. Any funds deposited in the The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit F. A copy of such certification or letter agreement shall be furnished to the Purchaser and, or any subsequent purchaser upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of the Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-5), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-4), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-6)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan separate and apart from any of its own funds and general assets and Servicer shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, titled "Countrywide Home Loans Inc. “PNMAC Loan Svc LLC ITF PennyMac Operating Partnership, L.P. ttee and/or bailee for PNMAC LLC - and/or pmnts of var mtgrs and/or other owners of int in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". loans- P&I” The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner as a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in by the Custodial Account FDIC and any amounts therein may be drawn on by the Company invested in accordance with Section 4.05Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer (provided the Servicer qualifies as a Qualified Depository), or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, Owner on or prior to any subsequent Purchaserthe execution of this Servicing Agreement. The Company Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. The Servicer shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, therein the following collections received by the Company and Servicer, together with any payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior Servicer subsequent to the related Cut-off Servicing Transfer Date but allocable pursuant to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):this Servicing Agreement:

Appears in 3 contracts

Samples: Flow Servicing Agreement (PennyMac Mortgage Investment Trust), Flow Servicing Agreement (PennyMac Mortgage Investment Trust), Flow Servicing Agreement (PennyMac Mortgage Investment Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser and/or subsequent xxxxxasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited On the Closing Date, the Company shall provide the Purchaser with written confirmation of the existence of such Custodial Account in the form of Exhibit E. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2), Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-1)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “SunTrust Mortgage, Inc., in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansLoans serviced under the Amended and Restated Flow Seller’s Warranties and Servicing Agreement, and various Mortgagors"dated as of December 1, 2005”, or as otherwise directed in writing by the Purchaser or its assigns after the Closing Date in connection with any Whole Loan Transfer or Securitization Transaction. 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 fully insured to the full fullest extent permitted under applicable lawallowed by Applicable Law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser4.5. The Company shall deposit in the Custodial Account within one Business Day (or two Business Days in the case of the amounts described in clauses (3) through (5) below) of the Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related each Cut-off Date, (other than payments of principal and interest due on or before the related such Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Custodial Agreement (STARM Mortgage Loan Trust 2007-1), Custodial Agreement (GSR Mortgage Loan Trust 2007-4f), Custodial Agreement (GSR Mortgage Loan Trust 2006-9f)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. SIB Mortgage Corp. in trust for the Purchaser of Conventional Xxxxxx Brothers Bank, FSB, Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2002-2 and various Mortgagors". ." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 3 contracts

Samples: Flow Interim Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-37a), Flow Interim Servicing Agreement (Structured Asset Securities Corp), Flow Interim Servicing Agreement (Structured Asset Securities Corp)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A. in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit F. A copy of such certification or letter agreement shall be furnished to the Purchaser and, or any subsequent purchaser upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of the Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 3 contracts

Samples: Lehman (Structured Adjustable Rate Mortgage Loan Trust Series 2006-2), Lehman (Structured Adjustable Rate Mortgage Loan Trust Series 2006-1), Lehman (Structured Adjustable Rate Mortgage Loan Trust Series 2006-1)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansMortgxxx Xoans serviced under a Seller's Warranties and Servicing Agreement, dated as of August 1, 2004, and various MortgagorsMortgagors - P & I", or as otherwise directed in writing by the Purchaser or its assigns after the related Closing Date in connection with any Whole Loan Transfer or Pass-Through Transfer. The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under applicable lawallowed by Applicable Law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser4.5. The Company shall deposit in the Custodial Account within one Business Day (or two Business Days in the case of the amounts described in clauses (iii) through (v) below) of the Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Trust Agreement (GSAA Home Equity Trust 2005-3), Trust Agreement (GSAA Home Equity Trust 2005-3)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. People's Bank of California in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various MortgagorsPeople's Preferred Capital Corporation". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law; provided, however, that to the extent the Custodial Account is established with the Seller, the Seller may maintain the Custodial Account as a single account. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 B hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two one Business Days Day of receipt, and retain therein, the following collections received by the Company Seller and payments made by the Company Seller after the related Cut-off Date, Closing Date (other than payments of principal and interest due on or before the related Cut-off Closing Date, ) or received by the Company Seller prior to the related Cut-off Closing Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Commercial Servicing Agreement (Peoples Preferred Capital Corp), Commercial Servicing Agreement (Peoples Preferred Capital Corp)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. National City Mortgage Corp in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2002-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-15), Warranties and Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 5a)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “National City Mortgage Corp in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10), Assumption and Recognition Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-26)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser and/or subsequenx xxxchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-9ar), And Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-6xs)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. “Saxon Mortgage Services, Inc., in trust for the Purchaser of Conventional Residential Conventional Residential Xxxxxx Xxxxxxx Mortgage LoansCapital Holdings LLC and/or subsequent Owners, and various Mortgagors", re: Fixed and Adjustable Rate Residential Mortgage Loans”. The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner, it being acknowledged that any Qualified Depository that is an Affiliate of Servicer is hereby deemed acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account law and any amounts therein may be drawn on by the Company invested in accordance with Section 4.05Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent PurchaserOwner. The Company Servicer shall deposit in the Custodial Account generally within two (2) Business Days of receiptfollowing receipt thereof, but in no event more than three (3) Business Days following receipt thereof and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off applicable Servicing Transfer Date, (other than payments of principal and interest due on or before the related Cut-off Servicing Transfer Date, or received by the Company Servicer prior to the related Cut-off Servicing Transfer Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-13)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Loans, Inc., in trust for the Purchaser Lxxxxx Brothers Bank, purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors"Group No. 2006-Flow”. The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.055.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaserpurchaser of the Mortgage Loans. The Company shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, Date (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5), Warranties and Servicing Agreement (Sasco 2006-Bc3)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depositoryan Eligible Institution. Any funds deposited in the The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit E. A copy of such certification or letter agreement shall be furnished to the Purchaser andor any subsequent purchaser, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-Wf2), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-Wf1)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan or a Letter of Credit 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any the Custodial Account shall be evidenced by a certification certificate delivered by the Company (the “Custodial Account Certification”) in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. E. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2006-Wf1), Warranties and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-A1)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. Avelo Mortgage, L.L.C., in trust for the Purchaser of Conventional Goldman Sachs Mortgage Company, Residential Conventional Residential Mortgage Fixed and Adjustable Rxxx Xxxtxxxx Loans, and various Mortgagors". ." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. The Servicer and the Owner intend that the Custodial Account be a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable lawby the FDIC and as otherwise acceptable to the Rating Agencies. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent PurchaserOwner. The Company Servicer shall deposit in the Custodial Account within two (2) Business Days of receiptreceipt thereof, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Transfer Date, (other than payments of principal and interest due on or before the related Cut-off Subsequent Transfer Date, or received by the Company Servicer prior to the related Cut-off Subsequent Transfer Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Flow Servicing Agreement (GSAA Home Equity Trust 2006-4), Flow Servicing Agreement (GSAA Home Equity Trust 2006-3)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in to be maintained under the form sole dominion and control of time deposit or demand accounts, the Purchaser and titled "Countrywide Home Loans Inc. IndyMac Bank, F.S.B. in trust for the Purchaser Morgan Stanley Mortgage Capital Inc., owner of Conventional Residential Conventional Residential Fixxx Xxxe Xxxxxxntial Mortgage Loans, and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Servicer shall deposit in the Custodial Account within two on a daily basis on the Business Days of receipt, and retain thereinDay following receipt thereof, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs)

AutoNDA by SimpleDocs

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Xxxxx Fargo Home Loans Mortgage, Inc. in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depository. The Company shall provide the Purchaser with written confirmation of the existence of such Custodial Account in the form of Exhibit F, attached hereto, which shall be furnished to the Purchaser upon request. Any funds deposited in the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Mortgage Investments Inc), Letter Agreement (Greenwich Capital Acceptance Inc)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. Pinnacle Financial Corporation in trust for the Purchaser of Conventional Xxxxxx Brothers Bank, FSB, Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2004-1 and various Mortgagors". ." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Interim Servicing Agreement (Structured Asset Securities Corp)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A. in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit D. A copy of such certification or letter agreement shall be furnished to the Purchaser and, or any subsequent purchaser upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of the Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Letter Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-23), Account Letter Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-21)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide “Xxxxx Fargo Home Loans Inc. Mortgage, Inc., in trust for the Purchaser Bane of Conventional Residential Conventional Residential America Mortgage Capital Corporation and/or subsequent purchasers of Mortgage Loans, and various Mortgagors". 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 fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp. 2005-14), Warranties and Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. First National Bank of Nevada in trust for the Purchaser Purchasers of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2000-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Master Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-16), Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-14)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2007-3), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2007-4)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser Bank of Conventional Residential Conventional Residential America, National Association, its successors or assigns, and/or subsequent purchasers of Mortgage Loans, and various Mortgagors". Mortgagors - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (Banc of America Funding 2006-3 Trust), Assignment, Assumption and Recognition Agreement (Banc of America Funding 2006-2 Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “National City Mortgage Co., as Servicer, in trust for the Purchaser of Conventional Residential Conventional Fixed and ARM Rate Conventional, FHA or VA Residential Mortgage Loans, Loans and various Mortgagors"”. It is the intent of the parties to this Agreement that the Custodial Accounts created herein be special deposit accounts. The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-S1), Warranties and Servicing Agreement (JPMMT 2007-A6)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. National City Mortgage Co., in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansLoans serviced under a Flow Seller's Warranties and Servicing Agreement, and various Mortgagorsdated as of May 1, 2003", or as otherwise directed in writing by the Purchaser or its assigns after the Closing Date in connection with any Whole Loan Transfer or Securitization Transaction. 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 fully insured to the full fullest extent permitted under applicable lawallowed by Applicable Law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser4.5. The Company shall deposit in the Custodial Account within one Business Day (or two Business Days in the case of the amounts described in clauses (iii) through (v) below) of the Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related each Cut-off Date, (other than payments of principal and interest due on or before the related such Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Custodial Agreement (GSAA Home Equity Trust 2006-3), Custodial Agreement (GSAA Home Equity Trust 2006-3)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Xxxxx Fargo Home Loans Inc. Mortgage, Inc., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Mortgagors - P & L" The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit E. A copy of such certification or letter agreement shall be furnished to the Purchaser andor any subsequent purchaser, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Lehman Brothers (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Reconstituted Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Loans, Inc. in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-2 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Loans, Inc. in trust for the Purchaser Centre Capital Group, Inc., owner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Master Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h), Master Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited On the Closing Date, the Company shall provide the Purchaser with written confirmation of the existence of such Custodial Account in the form of Exhibit E. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Indemnification Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A4), Warranties and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-A3)

Establishment of and Deposits to Custodial Account. The Company Interim Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. Fremont Investment & Loan, in trust for the Barclays Bank PLC as Purchaser of Conventional Residential Conventional Residential Mortgage Loans, Loans and various Mortgagors". ." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyInterim Servicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyInterim Servicer. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaserpurchaser. The Company Interim Servicer shall deposit in the Custodial Account within two on a daily basis on or before the second Business Days of receipt, and retain thereinDay following receipt thereof, the following collections received by the Company Interim Servicer and payments made by the Company Interim Servicer after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Indemnification and Contribution Agreement (Sabr Trust 2005-Fr2), Pooling and Servicing Agreement (Sabr Trust 2005-Fr3)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “Lydian Private Bank, in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansLoans serviced under the Amended and Restated Flow Seller’s Warranties and Servicing Agreement, and various Mortgagors"dated as of November 1, 2005”, or as otherwise directed in writing by the Purchaser or its assigns after the Closing Date in connection with any Whole Loan Transfer or Securitization Transaction. 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 fully insured to the full fullest extent permitted under applicable lawallowed by Applicable Law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser4.5. The Company shall deposit in the Custodial Account within one Business Day (or two Business Days in the case of the amounts described in clauses (3) through (5) below) of the Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related each Cut-off Date, (other than payments of principal and interest due on or before the related such Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2006-Ar1), Custodial Agreement (GSR 2006-Ar2)

Establishment of and Deposits to Custodial Account. (i) The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans separate and apart from any of its own funds and general assets and shall initially establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, each of which accounts shall be titled "Countrywide Home Loans Inc. “HomeBanc Mortgage Corporation. in trust for U.S. Bank National Association, as Trustee, for the Purchaser of Conventional Residential Conventional Residential HomeBanc Mortgage Loans, Trust 2006-1 Mortgage Pass-Through Certificates” and various Mortgagors". The referred to herein as a “Custodial Account.” Each Custodial Account shall be established with a Qualified Depositoryan Eligible Account. Any funds deposited in the Custodial Account shall at all times be fully insured by the FDIC up to the full extent permitted under applicable lawFDIC insurance limits, or must be invested in Eligible Investments subject to the provisions of Section 4.02(i) hereof; provided, however that any such Eligible Investment shall not be sold or disposed of prior to its maturity. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.054.02(e) hereof. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Trustee, the Master Servicer and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in or cause to be deposited into the Custodial Account within two Business Days Account, no later than 48 hours after receipt of receiptfunds, and retain therein, therein the following payments and collections received by the Company and payments or made by it subsequent to the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company it prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than in respect of principal and interest on the Mortgage Loans due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Homebanc Corp), Pooling and Servicing Agreement (HomeBanc 2006-1)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans “GreenPoint Mortgage Funding Inc. in trust for the Purchaser of Conventional Xxxxxx Brothers Bank, FSB, Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"Group No. 2007-FLOW”. The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account on a daily basis, within two (2) Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, Date (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 2 contracts

Samples: Flow Interim Servicing Agreement (Lehman XS Trust Series 2007-15n), Flow Interim Servicing Agreement (Lehman XS Trust Series 2007-12n)

Establishment of and Deposits to Custodial Account. (i) The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans separate and apart from any of its own funds and general assets and shall initially establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts, each of which accounts shall be titled "Countrywide Home Loans Inc. _________________________ in trust for the Purchaser of Conventional Residential Conventional Residential ____________________________________, as Indenture Trustee, for ______ Mortgage LoansInvestment Trust 200_-__ Asset-Backed Notes, Series 200_-__" and various Mortgagorsreferred to herein as a ". The Custodial Account." Each Custodial Account shall be established with a Qualified Depositoryan Eligible Account. Any funds deposited in the Custodial Account shall at all times may be fully insured invested in Eligible Investments subject to the full extent permitted under applicable lawprovisions of Section 4.02(j) hereof. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.054.02(e) hereof. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 E hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Indenture Trustee, the Master Servicer and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in or cause to be deposited into the Custodial Account within two Account, no later than the Business Days of receiptDay following the Closing Date, and retain therein, any amounts received with respect to the following collections received by Mortgage Loans representing Scheduled Payments on the Company and payments made by the Company Mortgage Loans due after the related Cut-off Date, (other than Date and unscheduled payments of principal received on or after the Cut-off Date and interest due on or before the related Cut-off Closing Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (CWHEQ, Inc.), Sale and Servicing Agreement (Cwabs Inc)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. BancMortgage, A Division of National Bank of Commerce in trust for the Purchaser of Conventional Xxxxxx Brothers Bank, FSB, Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"Group No. 2003-2." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Waterfield Mortgage Company, Inc. in trust for the Purchaser Centre Capital Group, Xxx., xxner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h), Master Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-33h)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to a Mortgage Loan or a Letter of Credit 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 "Countrywide Home Loans Inc. entitled “Xxxxx Fargo Bank, N.A., in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage LoansLoans serviced under the Amended and Restated Master Seller’s Warranties and Servicing Agreement, and various Mortgagors"dated as of March 1, 2006 - P & I,” or as otherwise directed in writing by the Purchaser or its assigns after the related Closing Date in connection with any Whole Loan Transfer or Securitization Transaction. The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under applicable lawallowed by Applicable Law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within one (1) Business Day (or two (2) Business Days in the case of the amounts described in clauses (3) through (5) below) of the Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related each Cut-off Date, (other than payments of principal and interest due on or before the related such Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar1), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar2)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. First National Bank of Nevada in trust for the Purchaser Purchasers of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2004-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Interim Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-22), Assignment and Assumption Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Loans, Inc., in trust for the Purchaser Xxxxxx Brothers Bank, purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors"Group No. 2006-Flow”. The Custodial Account shall be established with a Qualified Depository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.055.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaserpurchaser of the Mortgage Loans. The Company shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, Date (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Sail 2006-3), Warranties and Servicing Agreement (Sasco 2006-Bc4)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all the hereinafter mentioned funds collected and received pursuant to a the Mortgage Loan Loans 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 term deposit or demand accounts, titled "Countrywide Home Loans Inc. National Bank of Canada in trust for the Purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors"NB Capital Corporation" (or similar designation with respect to any subsequent Company). The Custodial Account shall be established with a Qualified Depositorydepository acceptable to the Company. Any If the Custodial Account is held at a depository the deposit accounts of which are insured by CDIC, any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.052.5. The creation of any Custodial Account shall be evidenced by a certification certificate in the form of Exhibit D-1 2 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement certificate shall be furnished to the Purchaser Company and, upon request, to any subsequent Purchasercompany. The Company Servicer shall deposit in the Custodial Account within two Business Days of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Closing Date, or received by the Company Servicer prior to the related Cut-off Closing Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Servicing Agreement (Nb Capital Corp), Servicing Agreement (Nb Capital Corp)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wxxxx Fargo Bank, N.A. in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - 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 into the Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Prime Mortgage Trust 2006-2), Custodial Agreement (Bear Stearns Asset Backed Securities I Trust 2006-He3)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “Xxxxx Fargo Bank, N.A., in trust for the Purchaser Bank of Conventional Residential Conventional Residential America, National Association, its successors or assigns, and/or subsequent purchasers of Mortgage Loans, and various Mortgagors". Loans - P & I.” The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 2 contracts

Samples: Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-1f), And Servicing Agreement (GSR Mortgage Loan Trust 2007-3f)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser and/or subsequent puxxxxxers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa4), Trust Agreement (BCAPB LLC Trust 2007-Ab1)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “National City Mortgage Corp, as Servicer, in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Loans and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by all payments on account of principal on the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI LoanMortgage Loans, in the amount of the LPMI Fee):including all Principal Prepayments;

Appears in 2 contracts

Samples: Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Ar5), Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-4)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to 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 "Countrywide “American Home Loans Inc. Mortgage Corp., in trust for the Purchaser Xxxxxx Brothers Bank, FSB, purchaser of Conventional Residential Conventional Residential Adjustable and Fixed Rate Mortgage Loans, and various Mortgagors"Group No. 2007-FLOW”. The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.054(e). The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 G hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaserpurchaser of the Mortgage Loans. The Company Seller shall deposit in the Custodial Account on a daily basis within two (2) Business Days of receipt, and retain therein, the following collections received by the Company Seller and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 2 contracts

Samples: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Lehman XS Trust Series 2007-7n), Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Lehman XS Trust Series 2007-15n)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wells Fargo Bank, N.A., in trust for the Purchaser and/or subsequexx xxrchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in 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. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-12xs), Indemnification Agreement (Morgan Stanley Mortgage Loan Trust 2006-8ar)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Xxxxx Fargo Home Loans Inc. Mortgage, Inc., in trust for the Purchaser Banc of Conventional Residential Conventional Residential America Mortgage Capital Corporation and/or subsequent purchasers of Mortgage Loans, and various Mortgagors". 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 fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two (2) Business Days of Company's receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto thereto, other than payments of principal and interest due on or with respect to each LPMI Loan, in before the amount of the LPMI Fee):Cut-off Date:

Appears in 2 contracts

Samples: Banc of America Funding 2006-2 Trust, Banc of America Funding 2006-3 Trust

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Xxxxxxxxxx Mortgage Company, Inc. in trust for the Purchaser Centre Capital Group, Inc., owner of Conventional Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors"" (provided, in the event that this Agreement is assigned to a third party, the Custodial Account(s) shall be reestablished in trust for such Assignee). The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Owner. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.053.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 C hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser Owner and, upon request, to any subsequent Purchaserowner of the Mortgage Loans. The Company Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Closing Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp), Assignment and Assumption Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in to be maintained under the form sole dominion and control of time deposit or demand accountsthe Purchaser and titled “IndyMac Bank, titled "Countrywide Home Loans Inc. F.S.B. in trust for the Purchaser Xxxxxx Xxxxxxx Mortgage Capital Inc., owner of Conventional Residential Conventional Fixed Rate Residential Mortgage Loans, and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyServicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyServicer. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Servicer shall deposit in the Custodial Account within two on a daily basis on the Business Days of receipt, and retain thereinDay following receipt thereof, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

Establishment of and Deposits to Custodial Account. The Company Servicer shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Wxxxx Fargo Bank, N.A., in trust for the Purchaser Owner and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". - P & I." The Custodial Account shall be established with a Qualified Depository. Any funds deposited in The existence of the Custodial Account shall be evidenced by an account certification and shall be provided on the respective Servicing Date. The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Servicer in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Servicer shall deposit in the Custodial Account within two one (1) Business Days Day of Servicer’s receipt, and retain therein, the following collections received by the Company Servicer and payments made by the Company Servicer after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company Servicer prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust 2006-Ar9), Assignment, Assumption and Recognition Agreement (Bear Stearns ARM Trust 2007-2)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. Xxxxx Fargo Bank, N.A., in trust for the Purchaser and/or subsequent purchasers of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". Loans - P & I." The Custodial Account shall be established with a Qualified Depositoryan Eligible Institution. Any funds deposited in the The Custodial Account shall at all times be fully insured to the full fullest extent permitted under allowed by applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. Company each in the forms attached hereto as Exhibit F. A copy of such certification or letter agreement shall be furnished to the Purchaser andor any subsequent purchaser, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two one (1) Business Days Day of Company’s receipt, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Reconstituted Servicing Agreement (Sail 2006-2), Reconstituted Servicing Agreement (Sasco 2006-Wf1)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. to be maintained in trust for the Purchaser and titled "IndyMac Bank, F.S.B., in trust for Barclays Bank PLC as Purchaser of Conventional Residential Conventional Residential Mortgage Loans, and various Mortgagors". ." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. The Seller and the Purchaser intend that the Custodial Account be a special deposit account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaserpurchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipt, on a daily basis and retain therein, the following collections received by the Company Seller and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, Date or received by the Company Seller prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (BCAP LLC Trust 2008-Ind1), Assignment and Recognition Agreement (BCAP LLC Trust 2006-Aa2)

Establishment of and Deposits to Custodial Account. The Company Seller shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. SIB Mortgage Corp. in trust for the Purchaser of Conventional Lehman Brothers Bank, FSB, Residential Conventional Residential Mortgage LoansFixed and Adjustable Rate Mortxxxx Xoans, Group No. 2002-2 and various Mortgagors". ." The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Seller in accordance with Section 4.052.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanySeller, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanySeller. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Seller shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company Seller after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 1 contract

Samples: Flow Interim Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-34a)

Establishment of and Deposits to Custodial Account. The Company Interim Servicer shall segregate and hold all funds collected and received pursuant to a the Mortgage Loan Loans 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 "Countrywide Home Loans Inc. ________________ in trust for the Purchaser of Conventional Centre Capital Group, Inc., Residential Conventional Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2000-1 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company Interim Servicer in accordance with Section 4.052.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 2 hereto, in the case of an account established with the CompanyInterim Servicer, or by a letter agreement in the form of Exhibit D-2 3 hereto, in the case of an account held by a depository other than the CompanyInterim Servicer. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company Interim Servicer shall deposit in the Custodial Account within two Business Days 48 hours of receipt, and retain therein, the following collections received by the Company and payments made by the Company Interim Servicer after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee)::

Appears in 1 contract

Samples: Interim Servicing Agreement (Structured Asset Sec Corp Mor Pass Thru Cer Ser 2002-10h)

Establishment of and Deposits to Custodial Account. The Company shall segregate and hold all funds collected and received pursuant to 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 "Countrywide Home Loans Inc. “IndyMac Bank, FSB in trust for the Purchaser of Conventional Residential Conventional Residential Fixed Rate Mortgage Loans, Group No. 2001-3 and various Mortgagors". The Custodial Account shall be established with a Qualified DepositoryDepository acceptable to the Purchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the Company in accordance with Section 4.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit D-1 hereto, in the case of an account established with the Company, or by a letter agreement in the form of Exhibit D-2 hereto, in the case of an account held by a depository other than the Company. A copy of such certification or letter agreement shall be furnished to the Purchaser and, upon request, to any subsequent Purchaser. The Company shall deposit in the Custodial Account within two Business Days of receipton a daily basis, and retain therein, the following collections received by the Company and payments made by the Company after the related Cut-off Date, (other than payments of principal and interest due on or before the related Cut-off Date, or received by the Company prior to the related Cut-off Date but allocable to a period subsequent thereto or with respect to each LPMI Loan, in the amount of the LPMI Fee):thereto:

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Ce Se 2003-12xs)

Time is Money Join Law Insider Premium to draft better contracts faster.