Servicer Custodial Account Control Agreement definition

Servicer Custodial Account Control Agreement means that certain account control agreement, among Buyer, Ocwen and an account bank reasonably acceptable to Buyer, in form and substance reasonably acceptable to Buyer, as it may be amended, supplemented or otherwise modified from time to time.
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Servicer Custodial Account Control Agreement means (a) with respect to Situs, (i) that certain Servicer Deposit Account Control Agreement with respect to the Cherrywood Mortgage Loans, dated as of the date hereof, by and among Sellers, Situs, Buyer and the Cherrywood & CRE Servicer Custodial Account Bank and (ii) that certain Servicer Deposit Account Control Agreement with respect to the CRE Bridge Mortgage Loans, dated as of the date hereof, by and among Sellers, Situs, Buyer and the Cherrywood & CRE Servicer Custodial Account Bank, (b) with respect to BSI, that certain Deposit Account Control Agreement, dated as of the date hereof, by and among Sellers, BSI, Buyer and the RTL Servicer Custodial Account Bank, and (c) with respect to any other Servicer, any account control agreement, in form and substance acceptable to Buyer, by and among Buyer, Sellers, such Servicer and a depository institution where the related Servicer Custodial Account is held, in each case, which shall provide for Buyer’s control of the applicable Servicer Custodial Account(s) as provided for thereunder and shall be in form and substance acceptable to Buyer, and, in each case, as the same may be amended, restated, supplemented or otherwise modified from time to time.
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Servicer Custodial Account Control Agreement means, as applicable, (i) the Statebridge Custodial Account Control Agreement, (ii) the RoundPoint Custodial Account Control Agreement and (iii) each other account control agreement, in form and substance acceptable to the Buyer, entered into by a Servicer relating to the blocked account into which all Income relating to the Trust Mortgage Loans and REO Properties being serviced by such Servicer shall be deposited.
Sample 1

Examples of Servicer Custodial Account Control Agreement in a sentence

  • With respect to any Servicer or Subservicer for which there is a Servicer Custodial Account, the related Servicer Custodial Account Control Agreement duly executed and delivered by the parties thereto and being in full force and effect, free of any modification, breach or waiver and an opinion of Sellers’ counsel, as to the enforceability of such Servicer Custodial Account Control Agreement and Buyer’s perfected security interest in such Servicer Custodial Account.

Related to Servicer Custodial Account Control Agreement

  • Collection Account Control Agreement means that certain Collection Account Control Agreement, to be entered into by and among the Borrower, the Lender and Bank, with respect to the Collection Account, in form and substance acceptable to the Lender and the Borrower, as the same may be amended, modified or supplemented from time to time.

  • Collection Account Agreement means an agreement substantially in the form of Exhibit VI among Originator, Seller, the Agent and a Collection Bank.

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

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Deposit Account Control Agreement means an agreement, in form and substance satisfactory to the Agent (in its Permitted Discretion), among any Loan Party, a banking institution holding such Loan Party’s funds, and the Agent with respect to collection and control of all deposits and balances held in a deposit account maintained by any Loan Party with such banking institution, as amended, supplemented or otherwise modified from time to time in accordance with the terms thereof.

  • Collateral Account Agreement means the Collateral Account Agreement executed and delivered by Company and Administrative Agent on the Closing Date, substantially in the form of EXHIBIT XXIII annexed hereto, as such Collateral Account Agreement may hereafter be amended, supplemented or otherwise modified from time to time.

  • Securities Account Control Agreement shall have the meaning ascribed thereto in the Sale and Servicing Agreement.

  • 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.

  • Blocked Account Control Agreement means the Cash Management Agreement among Borrower, Collection Account Bank and Lender providing for the exclusive control of the Collection Account and all other Accounts by Lender, substantially in the form of Exhibit A or such other form as may be reasonably acceptable to Lender.

  • Account Control Agreement means the Account Control Agreement relating to the Accounts, dated as of the Closing Date, among the Borrower, the Servicer, the Administrative Agent and the Account Bank.

  • Lockbox Account Agreement means any replacement agreement therefor among the Servicer, the Trust Collateral Agent and the Lockbox Bank.

  • Deposit Account Agreement means the Deposit Account Agreement and Disclosure, as may be amended from time to time, issued by the Custodian and available on the Custodian’s internet customer portal, “xx.xxxxxxxxxxx.xxx”.

  • Controlled Account Agreement has the meaning specified therefor in the Security Agreement.

  • Deposit Account Control Agreements means, with respect to each deposit account that is required by the Collateral Agreement to be subject to a control agreement, a deposit account control agreement executed by the Borrower, the Administrative Agent as the secured party thereto, and the deposit bank, as each may be amended, restated, supplemented or otherwise modified from time to time.

  • Account Control Agreement(s) means any agreement entered into by and among the Agent, Borrower and a third party Bank or other institution (including a Securities Intermediary) in which Borrower maintains a Deposit Account or an account holding Investment Property and which grants Agent a perfected first priority security interest in the subject account or accounts.

  • Clearing Account Agreement means that certain agreement relating to clearing account services by and among Mortgage Borrower, Lender and Clearing Account Bank, as the same may be amended, restated, replaced, supplemented or otherwise modified from time to time, relating to the operation and maintenance of, and application of funds in, the Clearing Account.

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

  • Spread Account Agreement means the Spread Account Agreement dated as of December 1, 1994, as amended and restated as of May 11, 1998 among the Insurer, the Seller and the Collateral Agent, as the same may be modified, supplemented or otherwise amended in accordance with the terms thereof.

  • Account Agreement means the agreements for the operation of the Account.

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

  • Control Account Agreement means any tri-party agreement by and among a Loan Party, the Administrative Agent and a depositary bank or securities intermediary at which such Loan Party maintains a Controlled Account, in each case in form and substance satisfactory to the Administrative Agent.

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

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

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