Sub-Servicing Account definition

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.
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Sub-Servicing Account. Any segregated account, which shall at all times be an Eligible Account, established and maintained pursuant to Section 3.02(b) and entitled "Bankers Trust Company of California, N.A., in trust for the benefit of Holders of Aames Mortgage Trust 2001-1 Mortgage Pass-Through Certificates, Series 2001-1, Collection Account". References herein to the Collection Account shall include any Sub-Servicing Account as the context requires.
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Sub-Servicing Account. As defined in Section 3.08.
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Examples of Sub-Servicing Account in a sentence

  • The Sub-Servicing Account shall be an Eligible Account and shall comply with all requirements of this Agreement relating to the Collection Account.

  • In those cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a Sub- Servicing Agreement, the Sub-Servicer will be required to establish and maintain one or more accounts (collectively, the "Sub-Servicing Account").

  • The Sub-Servicer shall thereafter deposit such proceeds in the Collection Account or remit such proceeds to the Master Servicer for deposit in the Collection Account not later than two Business Days after the deposit of such amounts in the Sub-Servicing Account.

  • The Sub-Servicer shall thereafter deposit such proceeds in the Collection Account or remit such proceeds to the Servicer for deposit in the Collection Account not later than two Business Days after the deposit of such amounts in the Sub-Servicing Account.

  • In those cases where a Sub-Servicer is servicing a Mortgage Loan pursuant to a Sub-Servicing Agreement, the Sub-Servicer will be required to establish and maintain one or more accounts (collectively, the "Sub-Servicing Account").

  • The Sub-Servicing Account shall be an Eligible Account and shall otherwise be acceptable to the Master Servicer.

  • All amounts held in a Sub-Servicing Account shall be held in trust for the Trustee for the benefit of the Certificateholders.

  • Each Sub-Servicer shall thereafter deposit such proceeds in the Collection Account or remit such proceeds to the Servicer for deposit in the Collection Account not later than two Business Days after the deposit of such amounts in the related Sub-Servicing Account.

  • The Sub- Servicer shall thereafter deposit such proceeds in the Collection Account or remit such proceeds to the Master Servicer for deposit in the Collection Account not later than two Business Days after the deposit of such amounts in the Sub-Servicing Account.

  • The Sub-Servicer shall thereafter remit such proceeds to the Servicer for deposit in the Collection Account not later than two Business Days after the deposit of such amounts in the Sub-Servicing Account.


More Definitions of Sub-Servicing Account

Sub-Servicing Account. As defined in Section 3.08 of the Pooling and Servicing Agreement.
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Sub-Servicing Account. Any segregated trust account, which shall at all times be an Eligible Account, established and maintained as though it were a Collection Account pursuant to Section 2.02(b) and entitled "[Indenture Trustee], in trust for the benefit of Holders of Mortgage Lenders Network Home Equity Loan Trust 1999-2 Asset Backed Notes, Series 1999-2, Class A and Financial Security Assurance Inc., as Note Insurer, Collection Account". References herein to the Collection Account shall include any Sub-Servicing Account as the context requires.
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Sub-Servicing Account. Any segregated trust account, which shall at all times be an Eligible Account, established and maintained as though it were a Collateral Proceeds Account pursuant to Section 2.2(b) and entitled "[Sub-Servicer], in trust for the benefit of Holders of UPMFC Trust Collateralized Mortgage Bonds, Series ________[, and _____ as Bond Insurer] Collateral Proceeds Account". References herein to the Collateral Proceeds Account shall include any Sub-Servicing Account as the context requires.
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Sub-Servicing Account. Any segregated trust account, which shall at all times be an Eligible Account, established and maintained as though it were a Collection Account pursuant to Section 2.02(b) and entitled "[Sub-Servicer], in trust for the benefit of Holders of Fund America Investors Trust 1998-NMC1 Collateralized Mortgage Obligations, Series 1998-NMC1, Collection Account". References herein to the Collection Account shall include any Sub-Servicing Account as the context requires.
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Sub-Servicing Account. Any segregated account, which shall at all times be an Eligible Account, established and maintained as though it were a Collection Account pursuant to Section 2.02(b) and entitled "[Sub-Servicer], in trust for the benefit of Holders of City Capital Home Loan Trust 1998-4 Asset-Backed Notes, Series 1998-4, and MBIA as Note Insurer Collection Account". References herein to the Collection Account shall include any Sub-Servicing Account as the context requires.
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Sub-Servicing Account. Any segregated account, which shall at all times be an Eligible Account, established and maintained pursuant to Section 3.02(b) and entitled “Deutsche Bank National Trust Company, in trust for the benefit of Holders of Aames Mortgage Trust 2002-2 Mortgage Pass-Through Certificates, Series 2002-2, Collection Account”. References herein to the Collection Account shall include any Sub-Servicing Account as the context requires.
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Related to Sub-Servicing Account

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

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

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

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

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

  • 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.

  • 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.

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Primary Servicing Fee means, with respect to each Mortgage Loan and REO Mortgage Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(20) of this Agreement.

  • Sub-Servicing Agreement The written contract between the Servicer and a Sub-Servicer relating to servicing and administration of certain Mortgage Loans as provided in Section 3.02.

  • 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.

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

  • Primary Servicing Agreement means the agreement between the applicable Primary Servicer and the Master Servicer, under which such applicable Primary Servicer services the Mortgage Loans set forth on the schedule attached thereto.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Master Servicing Agreement means the master servicing agreement entered into on 20 May 2013 between the Guarantor, the Issuer and the Master Servicer.

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

  • Administration Account As defined in Section 7.02.