Excess Interest Distribution Account. ARTICLE V
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............. Section 3.29 Controlling Class Certificateholders and Directing Certificateholder; Certain Rights and Powers of Directing Certificateholder.................................. Section 3.30
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.
Excess Interest Distribution Account. Section 3.33 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 Bank National Association, as Trustee, in trust for the benefit of the Holders of Xxxxxx Financial Commercial Mortgage Asset Corp., Mortgage Pass-Through Certificates, Series 2000 PH-1 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......................................................
