Common use of Master Servicer Collection Account Clause in Contracts

Master Servicer Collection Account. The separate Eligible Account created and maintained by the Master Servicer, on behalf of the Trustee, pursuant to Section 4.01. Funds in the Master Servicer Collection Account (exclusive of any earnings on investments made with funds deposited therein) shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

Appears in 24 contracts

Samples: Pooling and Servicing Agreement (Sequoia Mortgage Trust 2011-1), Pooling and Servicing Agreement (Sequoia Mortgage Trust 2013-1), Pooling and Servicing Agreement (Sequoia Mortgage Trust 2013-6)

AutoNDA by SimpleDocs

Master Servicer Collection Account. The separate Eligible Account created and maintained by the Master Servicer, on behalf of the Trustee, pursuant to Section 4.01. Funds in the Master Servicer Collection Account (exclusive of any earnings on investments made with funds deposited therein) shall be held in trust for the Certificateholders for the uses and purposes set forth in this Agreement.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Sequoia Residential Funding Inc), Pooling and Servicing Agreement (Sequoia Residential Funding Inc), Pooling and Servicing Agreement (Sequoia Mortgage Trust 2013-8)

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