Collection Account Bank Sample Clauses

Collection Account Bank. Following the Amendment Effective Date, the parties hereto will use their good faith efforts to substitute Citibank N.A. or one of its affiliates (“Citibank”) as the Collection Account Bank and to negotiate an acceptable Collection Account Control Agreement between the Borrower, the Servicer, the Lender and Citibank, as substitute Collection Account Bank. Following execution and delivery of such new Collection Account Control Agreement, all references in the Loan Agreement to the Collection Account Bank shall refer to Citibank and all references to the Collection Account Control Agreement shall refer to the agreement contemplated by this Section.
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Collection Account Bank. 5 Section 1.20. Collections . . . . . . . . . . . . . . . . . 5 Section 1.21.
Collection Account Bank. Replace or terminate the Collection Account Bank unless the requirements of paragraph (h) of Exhibit IV to the Loan and Servicing Agreement have been met.
Collection Account Bank maintain the Collection Account with the Collection Account Bank which, in the case of any Replacement Collection Account Bank shall be a financial institution with the Replacement Collection Account Bank Required Rating. SCHEDULE 8 ISSUER COVENANTS

Related to Collection Account Bank

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Collection Account (a) On the Closing Date, the Master Servicer shall open and shall thereafter maintain a segregated account held in trust (the “Collection Account”), entitled “Collection Account, Aurora Loan Services Inc., as Master Servicer, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2004-10.” The Collection Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Collection Account shall not be commingled with any other monies.

  • Concentration Account Concentration Account" has the meaning set forth in Section 2.3.

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within two (2) Business Days after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Grantor Trust Holder:

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Collection of Mortgage Loan Payments; Collection Account; Distribution Account (a) The Master Servicer shall enforce the obligation of the Servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with the applicable Servicing Agreement and the terms and provisions of any related Required Insurance Policy.

  • The Collection Account (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.

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