Excess Interest Distribution Account. Prior to the applicable Distribution Date, the Servicer is required to remit to the Paying Agent for deposit into the Excess Interest Distribution Account an amount equal to the Excess Interest received during the related Due Period.
Excess Interest Distribution Account. Prior to the applicable Distribution Date, the Master Servicer is required to remit to the Paying Agent for deposit into the Excess Interest Distribution Account an amount equal to the Excess Interest received during the related Due Period.
Excess Interest Distribution Account. The Trustee shall establish and maintain the Excess Interest Distribution Account in trust for the benefit of the Class V Certificateholders whether or not such Certificates have an outstanding Class Principal Balance. The Excess Interest Distribution Account shall be established and maintained at all times as an Eligible Account, which the Trustee may (but shall not be obligated to) invest only in Permitted Investments in accordance with Section 3.06. The Excess Interest Distribution Account may be a sub-account of the Distribution Account. Prior to the applicable Distribution Date, the Master Servicer shall remit to the Trustee for deposit in the Excess Interest Distribution Account an amount equal to the Excess Interest received during the applicable Collection Period. Following the distribution of Excess Interest to Class V Certificateholders on the first Distribution Date after which there are no longer any Mortgage Loans outstanding which pursuant to their terms could pay Excess Interest, the Trustee shall terminate the Excess Interest Distribution Account.
Excess Interest Distribution Account. Section 3.28 Directing Certificateholder Contact with Servicer.................
Excess Interest Distribution Account. Section 3.27
Excess Interest Distribution Account. (a) The Trustee shall establish, on or prior to the Closing Date, and thereafter maintain in the name of the Trustee, a segregated account (the "Excess Interest Distribution Account") solely with respect to this Agreement, to be held in trust for the benefit of the Holders of beneficial interests in the grantor trust described in Section 12.1(a) hereof, until disbursed pursuant to the terms of this Agreement, entitled "LaSalle National Bank, as trustee, in trust for the benefit of the Holders of Xxxxxx Xxxxxxx Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 1998-HF2, Class N, Excess Interest Distribution Account." The Excess Interest Distribution Account shall be an Eligible Account.
(b) The Trustee shall deposit into the Excess Interest Distribution Account on the Business Day received all moneys received by it from the Master Servicer or Special Servicer as Excess Interest. The Trustee shall hold uninvested any funds in the Excess Interest Distribution Account, and shall hold the Excess Interest Distribution Account separate and apart from, and shall not commingle any monies thereof with, any other monies of or held in trust by the Trustee, including, without limitation, other monies of the Trustee held under this Agreement.
(c) The Trustee shall make withdrawals from the Excess Interest Distribution Account only for the following purposes:
(i) to withdraw amounts deposited in the Excess Interest Distribution Account in error and to pay such amounts to the Persons entitled thereto;
(ii) to make distributions to the Class N Certificateholders pursuant to Section 6.4.1, and
(iii) to clear and terminate the Excess Interest Distribution Account in connection with a termination of the Trust pursuant to Section 10.1.
Excess Interest Distribution Account. Certain Matters Relating to the Non-Serviced Mortgage Loans........................................................ Section 3.34 Additional Matters Relating to Certain of the Mortgage Loans........................................................
Excess Interest Distribution Account. The Trustee for the benefit of the Certificateholders, shall establish and maintain the Excess Interest Distribution Account in trust for the benefit of the Certificateholders. The Excess Interest Distribution Account shall be established and maintained as an Eligible Account, which the Trustee may (but shall not be obligated to) invest only in Permitted Investments in accordance with Section 3.06. Prior to the applicable Distribution Date, the Master Servicer shall remit to the Trustee for deposit in the Excess Interest Distribution Account an amount equal to the Excess Interest received during the applicable Collection Period. Following the distribution of Excess Interest to Class V Certificateholders on the first Distribution Date after which there are no longer any Mortgage Loans outstanding which pursuant to their terms could pay Excess Interest, the Trustee shall terminate the Excess Interest Distribution Account.
Excess Interest Distribution Account. (a) The Trustee shall establish, on or prior to the Closing Date, and thereafter maintain in the name of the Trustee, a segregated account (the "Excess Interest Distribution Account") solely with respect to this Agreement, to be held in trust for the benefit of the Holders of beneficial interests in the grantor trust described in Section 12.1(b) hereof, until disbursed pursuant to the terms of this Agreement, entitled "LaSalle National Bank, as trustee, in trust for the benefit of the Holders of Xxxxxx Xxxxxxx Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 1999-RM1 Excess Interest Distribution Account." The Excess Interest Distribution Account shall be an Eligible Account.
Excess Interest Distribution Account. Section 3.27 Residual Value Insurance Policies and Lease Enhancement Policies......................................................
