Common use of Foreclosed Property Account Clause in Contracts

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of “KeyBank National Association, as Special Servicer for Xxxxx Fargo Bank, National Association, as Trustee of Natixis Commercial Mortgage Securities Trust 2019-10K, Commercial Mortgage Pass-Through Certificates, Series 2019-10K” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan Holders. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible Institution. The Special Servicer shall deposit into the Foreclosed Property Account within one Business Day of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Date, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices), and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of either (a) “KeyBank National AssociationPacific Life Insurance Company, as Special Servicer for on behalf of Xxxxx Fargo Bank, National Association, as Trustee for the benefit of Natixis Commercial Mortgage Securities Trust 2019the Certificateholders of CSMC 2020-10KWEST, Commercial Mortgage Pass-Through Certificates, Series 20192020-10KWEST” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two (2) Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of either (a) “KeyBank National AssociationAEGON USA Realty Advisors, LLC, as Special Servicer for Xxxxx on behalf of Wxxxx Fargo Bank, National Association, as Trustee for the benefit of Natixis Commercial Mortgage Securities Trust 2019-10Kthe Certificateholders of CSMC 2015- GLPB, Commercial Mortgage Pass-Through Certificates, Series 20192015-10KGLPB” related to the any Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of either (a) “KeyBank National Association, as Special Servicer for Xxxxx Fargo Bank, National Association, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of Natixis Commercial the Certificateholders of GS Mortgage Securities Corporation Trust 20192016-10KRENT, Commercial Mortgage Pass-Through Certificates, Series 20192016-10KRENT” related to the any Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and or (b) in the Companion Loan Holdersname of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of either (a) “KeyBank National AssociationAEGON USA Realty Advisors, LLC, as Special Servicer for on behalf of Xxxxx Fargo Bank, National Association, as Trustee for the benefit of Natixis Commercial Mortgage Securities Trust 2019the Certificateholders of CSMC 2017-10KMOON, Commercial Mortgage Pass-Through Certificates, Series 20192017-10KMOON” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of either (a) “KeyBank National AssociationAEGON USA Realty Advisors, LLC, as Special Servicer for on behalf of Xxxxx Fargo Bank, National Association, as Trustee for the benefit of Natixis Commercial Mortgage Securities the Certificateholders of VNDO Trust 20192016-10K350P, Commercial Mortgage Pass-Through Certificates, Series 20192016-10K350P” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the special-purpose entity formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) in the name of either (a) “Midland Loan Services, a Division of PNC Bank, National Association, as Special Servicer on behalf of U.S. Bank National Association, as Trustee for the benefit of the Certificateholders and the Companion Loan Holders in the name of “KeyBank National Association, as Special Servicer for Xxxxx Fargo Bank, National Association, as Trustee of Natixis Commercial Mortgage Securities Trust 2019CSMC 2018-10KSITE, Commercial Mortgage Pass-Through Certificates, Series 20192018-10KSITE” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two (2) Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) in the name of either (a) “Xxxxx Financial, a Division of SunTrust Bank, as Special Servicer on behalf of U.S. Bank National Association, as Trustee for the benefit of the Certificateholders and the Companion Loan Holders in the name of “KeyBank National Association, as Special Servicer for Xxxxx Fargo Bank, National Association, as Trustee of Natixis Commercial Mortgage Securities CSMC Trust 20192017-10KCALI, Commercial Mortgage Pass-Through Certificates, Series 20192017-10KCALI” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of either (a) “KeyBank National AssociationAEGON USA Realty Advisors, LLC, as Special Servicer for on behalf of Xxxxx Fargo Bank, National Association, as Trustee for the benefit of Natixis Commercial Mortgage Securities Trust 2019the Certificateholders of CSMC 2015-10KGLPA, Commercial Mortgage Pass-Through Certificates, Series 20192015-10KGLPA” related to the any Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) for the benefit of the Certificateholders and the Companion Loan Holders in the name of either (a) “KeyBank National AssociationArgentic Services Company LP, as Special Servicer for Xxxxx on behalf of Wxxxx Fargo Bank, National Association, as Trustee for the benefit of Natixis Commercial Mortgage Securities Trust 2019the Certificateholders of CSMC 2021-10K980M, Commercial Mortgage Pass-Through Certificates, Series 20192021-10K980M” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and the Companion Loan HoldersHolders or (b) in the name of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit or cause to be deposited into the Foreclosed Property Account within one two (2) Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.

Foreclosed Property Account. The Special Servicer shall establish and maintain one or more deposit accounts (a the “Foreclosed Property Account”) in the name of either (a) “AEGON USA Realty Advisors, LLC, as Special Servicer on behalf of Wilmington Trust, National Association, as Trustee for the benefit of the Certificateholders and the Companion Loan Holders in the name of “KeyBank National Association, as Special Servicer for Xxxxx Fargo Bank, National Association, as Trustee of Natixis Commercial GS Mortgage Securities Corporation Trust 20192015-10K590M, Commercial Mortgage Pass-Through Certificates, Series 20192015-10K590M” related to the Foreclosed Property, if any, held in the name of the Special Servicer for the benefit of the Trustee on behalf of the Certificateholders and or (b) in the Companion Loan Holdersname of the limited liability company formed under Section 3.14. The Foreclosed Property Account must be an Eligible Account maintained with an Eligible InstitutionAccount. The Special Servicer shall deposit into the Foreclosed Property Account within one two Business Day Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property. On or before the Determination Datelast day of each Collection Period, the Special Servicer shall withdraw the funds in the Foreclosed Property Account, net of certain expenses and/or reserves (to the extent not inconsistent with the express terms hereof, the amount of such reserves to be determined in accordance with the Special Servicer’s reasonable discretion and in accordance with Accepted Servicing Practices)reserves, and deposit them into the Collection Account in accordance with Section 3.4(a). The Special Servicer shall notify the Trustee and the Certificate Administrator in writing of the location and account number of the Foreclosed Property Account and shall notify the Trustee and the Certificate Administrator in writing prior to any subsequent change thereof.