Collection Account Instructions Sample Clauses

Collection Account Instructions. The Borrower and Servicer shall cause the applicable Originator to ensure that the full amount of available funds in each Lock-Box and Collection Account (other than a Subject Collection Account) is swept daily into the applicable Collateral Account pursuant to standing sweep instructions that remain in full force and effect; provided, that the foregoing representation and warranty shall not be breached if such representation and warranty fails to be true solely due to the actions or inactions of PNC Bank, National Association in its role as a Collateral Account Bank.
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Collection Account Instructions. The Borrower and Servicer shall cause the applicable Originator to ensure that the full amount of available funds in each Lock-Box and Collection Account is swept daily into the applicable Collateral Account pursuant to standing sweep instructions that remain in full force and effect.
Collection Account Instructions. Neither the Borrower nor the Servicer shall provide any instructions to the Collection Account Bank in any manner or at any time; provided that, so long as no Default or Event of Default shall have occurred and be continuing, on the same date that the Servicer shall provide the Servicer Report to the Borrower and the Agent pursuant to Section 4.14(a), the Servicer shall provide instructions to the Collection Account Bank, with a copy to the Agent, directing transfers or withdrawals from the Collection Account which such directions or instructions shall comply with the Loan Agreement (including Section 2.3(f) thereof) except that the Servicer may direct the transfer of Non-Horizon III Assets to the parties entitled to receive such assets. Servicer shall comply with the terms of the Collection Account Control Agreement.

Related to Collection Account Instructions

  • 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.

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