ESTABLISHMENT OF CUSTODIAL ACCOUNTS. The Participant hereby requests that the Program Sponsor establish a separate recordkeeping account (Participant Account). The Program Sponsor hereby requests that the Custodian establish a Custodial Account for and in the name of the Participant to hold the assets of the Participant’s Account established by the Program Sponsor. A Participant may establish a Participant Account by completing the Enrollment Form and delivering it to the Program Sponsor or by previously having done so and consented to the Sponsor’s right to select the Custodian and amend this Custodial Agreement. Program Sponsor and the Participant each represent to Custodian that all necessary action has been taken for such appointment and that this Agreement constitutes a legal, valid and binding obligation of the Program Sponsor and the Participant. All Contributions made by or on behalf of the Participant shall be applied by the Program Sponsor, in accordance with the instructions of the Participant, to the purchase of Mutual Fund shares. The Custodian shall not be obligated to provide detailed accounting for the recordkeeping account or for any individual investment option, such as with respect to Contributions, distributions, loan activity, and rollovers. Participant agrees to look solely to the Program Sponsor or other record keeper that Program Sponsor has retained for all such detailed information.
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. Deposits in Custodial Accounts ) is hereby amended by replacing the period after clause (x) with a semi-colon and adding a new clause (xi) to read as follows:
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. The Participant hereby requests that the Plan Provider establish a separate recordkeeping account (Participant Account). The Plan Provider hereby requests that the Custodian establish a Custodial Account for and in the name of the Participant’s Employer to hold the combined assets of all the Participant Accounts of that Employer established by the Plan Provider. A Participant may establish a Participant Account by completing the Enrollment Form and delivering it to the Plan Provider. Plan Provider and the Participant each represent to Custodian that all necessary action has been taken for such appointment and that this Agreement constitutes a legal, valid, and binding obligation of the Plan Provider, the Participant, and the Participant’s Employer. All contributions made by or on behalf of the Participant shall be applied by the Plan Provider, in accordance with the instructions of the Participant, to the purchase of Mutual Fund shares. The Custodian shall not be obligated to provide detailed accounting for the recordkeeping account or for any individual investment option, such as with respect to contributions, distributions, loan activity, and rollovers. Participant agrees to look solely to the Plan Provider or other recordkeeper that Xxxxxxxx has retained for all such detailed information.
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts held in trust, entitled "GMAC Mortgage Corporation Custodial Account in trust for the benefit of the Holders of SAMI 1999-J2." Each Custodial Account shall be an Eligible Account. The Custodial Account shall be maintained as a segregated account, separate and apart from trust funds created for mortgage pass-through certificates of other series, and the other accounts of the Servicer.
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. The Participant hereby requests that the Plan Provider establish a separate recordkeeping account (Participant Account). The Plan Provider hereby requests that the Custodian establish a Custodial Account for and in the name of the Participant’s Employer to hold the combined assets of all the Participant Accounts of that Employer established by the Plan Provider. A Participant may establish a Participant Account by completing the Enrollment Form and delivering it to the Plan Provider or by following the Plan Provider’s online enrollment process or such other process as determined by the Plan Provider. Plan Provider and the Participant each represent to Custodian that all necessary action has been taken for such appointment and that this Agreement constitutes a legal, valid, and binding obligation of the Plan Provider and the Participant. All contributions made by or on behalf of the Participant shall be applied by the Plan Provider, in accordance with the instructions of the Participant, to the purchase of Mutual Fund shares. The Custodian shall not be obligated to provide detailed accounting for the recordkeeping account or for any individual investment option, such as with respect to contributions, distributions, loan activity, and rollovers. Participant agrees to look solely to the Plan Provider or other recordkeeper that Xxxxxxxx has retained for all such detailed information.
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. 34 6.2 Certain Reimbursements to the Servicer ................................ 36 6.3
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. (a) (i) The Custodian, on behalf of the Certificateholders, will establish and maintain in its own name an Eligible Deposit Account (the "Collection Account"), bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Custodian on behalf of the Certificateholders.
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. 37 Section 3.05. Deposits in the Custodial Account...............38 Section 3.06. Permitted Withdrawals From the Custodial Account.........................................39 Section 3.07. Investment of Funds in the Custodial Account....40 Section 3.08.
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. The Custodian shall establish a Custodial Account to hold investments permitted herein for the benefit of each Participant to which the Participant's contributions (including Rollover Contributions and Transfers) and the earnings thereon shall be credited.
ESTABLISHMENT OF CUSTODIAL ACCOUNTS. Deposits in ------------------------------------------------ Custodial Accounts. ------------------- The Servicer shall segregate and hold all funds collected and received pursuant to each Mortgage Loan separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts. The creation of any Custodial Account shall be evidenced by a Custodial Account Letter Agreement in the form of Exhibit 7. The Servicer shall deposit in the Custodial Account on a daily basis, and retain therein the following payments and collections received by it subsequent to the Cut-off Date, or received by it prior to the Cut-off Date but allocable to a period subsequent thereto, other than in respect of principal and interest on the Mortgage Loans due on or before the Cut-off Date:
