Loan Pair Custodial Account definition

Loan Pair Custodial Account means, with respect to any Loan Pair, the segregated account or sub-accounts created and maintained by the Master Servicer pursuant to Section 3.04A on behalf of the Holders of such Loan Pair, which shall be entitled "Wachovia Bank, National Association, as Master Servicer, in trust for LaSalle Bank National Association, as Trustee, for the registered holders of Greenwich Capital Commercial Funding Corp., Commercial Mortgage Trust 2003-C2, Commercial Mortgage Pass-Through Certificates, Series 2003-C2, and COMPANION LOAN NOTEHOLDERS, as their interests may appear."
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Loan Pair Custodial Account. Wxxx xxxxxxx xx the Loan Pairs, the segregated account or accounts created and maintained by the Master Servicer pursuant to Section 3.04(e) on behalf of the CBA Noteholders and the 17 State Street Noteholders, which shall be entitled "Bank of America, X.X., xx Xxxxxx Servicer, in trust for the CBA A/B Loan Noteholders, as their interests may appear" and "Bank of America, N.A., as Master Servicer, in trust for the 17 State Street A/B Loan Noteholders, as their interests may appear", ax xxxxxxxxxx. Xny such account shall at all times be an Eligible Account.
Sample 1
Loan Pair Custodial Account. With respect to each Loan Pair, the segregated account or accounts created and maintained by the Master Servicer pursuant to Section 3.04(e) on behalf of the Wellbridge Noteholders or the CBA Noteholders, as applicable, which shall be entitled (a) in the case of the Wellbridge Noteholders: "Bank of America, N.A., as Master Servicer, in trust for the Wellbridge A/B Mortgage Loan Noteholders, as their interests may appear" and (b) in the case of a CBA Noteholder: "Bank of America, N.A., as Master Servicer, in trust for the CBA A/B Mortgage Loan Noteholder, as their interests may appear" Any such account shall at all times be an Eligible Account.
Sample 1

Examples of Loan Pair Custodial Account in a sentence

  • The foregoing requirements for deposit in the applicable Loan Pair Custodial Account shall be exclusive.

  • Permitted Withdrawals From the Loan Pair Custodial Account.....................................................

  • Each Loan Pair Custodial Account shall be maintained as a segregated account, separate and apart from trust funds created for mortgage-backed securities of other series and the other accounts of the Master Servicer.

  • In addition, the Master Servicer shall transfer to the Distribution Account all amounts required to be transferred thereto on such Master Servicer Remittance Date from the Pool Custodial Account or from the applicable Loan Pair Custodial Account pursuant to the first paragraph of Section 3.04(b), together with any other amounts on deposit in the Pool Custodial Account or the applicable Loan Pair Custodial Account that would otherwise be held for future distribution.

  • If the Master Servicer shall deposit into a Loan Pair Custodial Account any amount not required to be deposited therein, it may at any time withdraw such amount from such Loan Pair Custodial Account, any provision herein to the contrary notwithstanding.

  • No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to a Collection Account, an A/B Loan Pair Custodial Account or the Distribution Account.

  • No expenses incurred in connection with any instrument of satisfaction or deed of reconveyance shall be chargeable to the Collection Account or any A/B Loan Pair Custodial Account.

  • Any such amounts received by the Special Servicer with respect to an REO Property that relates to any Loan Pair shall initially be deposited by the Special Servicer into the related REO Account and thereafter remitted to the Master Servicer for deposit into the related Loan Pair Custodial Account, all in accordance with Section 3.17(c).

  • In addition, the Master Servicer shall transfer all amounts required to be transferred to the Distribution Account on such Master Servicer Remittance Date from the Certificate Account or if a Loan Pair is involved, the related Loan Pair Custodial Account pursuant to the first paragraph of Section 3.04(e).

  • Any such amounts received by the Special Servicer with respect to an REO Property that relates to any Loan Pair shall initially be deposited by the Special Servicer into the related REO Account and thereafter remitted to the Master Servicer for deposit into the related Loan Pair Custodial Account, all in accordance with Section 3.16(c).

Related to Loan Pair Custodial Account

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments Inc., Bear Stearns ARM Trust, Mortgage Pass- Thrxxxx Xxrtificates, Series 2003-1 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Collection Accounts As defined in Section 3.10(a).

  • Yield Supplement Account means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Custodial Account for P&I The Custodial Account for principal and interest established and maintained by each Servicer pursuant to its Selling and Servicing Contract and caused by the Master Servicer to be established and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer such that the rights of the Master Servicer, the Trustee and the Certificateholders thereto shall be fully protected against the claims of any creditors of the applicable Servicer and of any creditors or depositors of the institution in which such account is maintained, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. In the event that a Custodial Account for P&I is established pursuant to clause (b) of the preceding sentence, amounts held in such Custodial Account for P&I shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Custodial Account for P&I may be established. Any amount that is at any time not protected or insured in accordance with the first sentence of this definition of "Custodial Account for P&I" shall promptly be withdrawn from such Custodial Account for P&I and be remitted to the Investment Account.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Mortgagor Accounts As defined in Section 3.07(a) of this Agreement.

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • REO Account The account or accounts maintained by the Master Servicer in respect of an REO Property pursuant to Section 3.23.

  • Additional Collateral Mortgage Loan Each Mortgage Loan identified as such in the Mortgage Loan Schedule.

  • Funding Account has the meaning assigned to such term in Section 4.01(h).