Payment Clearing Account definition

Payment Clearing Account. The account established and maintained pursuant to the second paragraph of Section 4.03.

Payment Clearing Account. An Eligible Account created and maintained pursuant to Exhibit 8.

Payment Clearing Account means account number 4121967343 held at Xxxxx Fargo Bank, N.A. and entitled “Nationstar Mortgage LLC and in trust for the Benefit of Certain Investors.”

Examples of Payment Clearing Account in a sentence

• Online Payment Clearing Account ClearingAccountDetailAmountNominalCodeClearingAccountBankAccount1.

• Not later than the second Business Day following the receipt of a payment in respect of a Non-Agency Mortgage Loan subject to this Agreement, the Servicer shall withdraw the amount of such payment from the Payment Clearing Account and shall immediately deposit (1) in the Custodial Account, the portion of such payment required to be deposited therein pursuant to Section 4.04, and (2) in the Escrow Account, the portion of such payment required to be deposited therein pursuant to Section 4.06.

• Xxxx Xxxxxxxxxx, Master Servicing, SASCO 2002-4H Telephone: (000) 000-0000 Telecopier: (000) 000-0000 All remittances required to be made to the Master Servicer under this Agreement shall be made on a scheduled/scheduled basis to the following wire account: JPMorgan Chase Bank New York, New York ABA#: 000-000-000 Account Name: Aurora Loan Services Inc., Master Servicing Payment Clearing Account Account Number: 066-611059 Beneficiary: Aurora Loan Services, Inc.

• The use of money market futures as a duration and cash management tool contributed to performance.

• Within ninety (90) calendar days after the Execution Date, Servicer shall enter into an intercreditor agreement in a form reasonably acceptable to Lender covering the GreenSky® Program Payment Clearing Account and the Funding Clearing Account with all parties with interests in such accounts.

More Definitions of Payment Clearing Account

Payment Clearing Account. [Name of Account] Fairbanks Capital Corp. Payment Clearing Account";

Payment Clearing Account has the meaning set forth in Section 6.01 hereof.

Payment Clearing Account. An Eligible Account created and maintained pursuant to Section 11.04 and that is designated "ABN AMRO's Payment Clearing Account in trust for the account of others".

Payment Clearing Account. The account used for daily concentration of all deposits made to the Depository Accounts and for funding all Custodial Accounts.

Payment Clearing Account. An Eligible Account created and maintained pursuant to Exhibit 8 and that is designated "Option One Mortgage Corporation Payment Clearing Account in trust for the account of others".

Payment Clearing Account. An account designated "Wells Fargo Home Mortgage, Inc. Payment Clearing Account in trust for xxxxous investors and mortgagors" maintained by the Company at a Qualified Depository through which funds collected on behalf of the Seller are deposited prior to being posted to the respective Custodial or Escrow Account.

Payment Clearing Account. The account established and maintained by the Servicer for the purposes set forth in Article III hereof.