Common use of Account Beneficiary Clause in Contracts

Account Beneficiary. Each Custodial P&I Account (other than any Eligible Custodial P&I Account) must be titled to show the respective interests of the Servicer as trustee and of the Master Servicer as beneficiary.

Appears in 76 contracts

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-9 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-12 Trust)

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Account Beneficiary. Each Custodial P&I Account (other than any Eligible Custodial P&I Account) must be titled to show the respective interests of the Servicer as trustee and of the Master Servicer SnServicer as beneficiary.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-15 Trust)

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