Common use of Operation of REO Property Clause in Contracts

Operation of REO Property. (a) Each Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A., as Trustee for the Holders of Morgan Stanley Xxxxxal I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 2005-IQ10" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers shall deposit all funds received with respect to an REO Property in the applicable REO Accounts within two days of receipt. The Special Servicers shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts an account held in trust for the benefit of the Certificateholders in the name of "Wells Fargo LaSalle National Bank, N.A., as Trustee for the Holders of Morgan Stanley Xxxxxal Morgxx Xxxnxxx Xxxital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20051998-IQ10WF1 [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Inc Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20052001-IQ10TOP1 [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal Xxxxxx Xxxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20051999-IQ10LIFE1 [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders (and the holder of the related B Note if in connection with an A/B Mortgage Loan and the holder of the RSA Companion Loan if in connection with the Loan Pair) in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal Xxxxxx Xxxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20052003-IQ10TOP11, the holder of the RSA Companion Loan and the holder of any B Note as their interests may appear [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20052000-IQ10PRIN [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Xxxxx Fargo BankBank Minnesota, N.A., as Trustee for the Holders of Morgan Stanley Xxxxxal Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20052001-IQ10PPM [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Inc Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20052000-IQ10LIFE1 [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.“_______, as Trustee for the Holders of Morgan Stanley Xxxxxal Mxxxxx Sxxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Commercial Mortgage Pass-Through Certificates Series 2005-IQ10" 20__-__” (each, an "“REO Account"”), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts an account held in trust for the benefit of the Certificateholders in the name of "Wells Fargo LaSalle National Bank, N.A., as Trustee for the Holders of Morgan Stanley Xxxxxal Morgxx Xxxnxxx Xxxital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Pass- 162 172 Through Certificates Series 20051999-IQ10WF1 [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A._______, as Trustee for the Holders of Morgan Stanley Xxxxxal Capital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 2005-IQ1020__-__" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Inc Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20052000-IQ10LIFE2 [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal Capital I Inc. Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 2005-IQ10IQ9" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers shall deposit all funds received with respect to an REO Property in the applicable REO Accounts within two days of receipt. The Special Servicers shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.

Operation of REO Property. (a) Each The Special Servicer shall segregate and hold all funds collected and received in connection with the operation of each REO Property separate and apart from its own funds and general assets and shall establish and maintain with respect to each REO Property one or more accounts an account held in trust for the benefit of the Certificateholders in the name of "Wells Fargo Bank, N.A.LaSalle Bank National Association, as Trustee for the Holders of Morgan Stanley Xxxxxal I Inc. Bear Xxxxxxx Commercial Mortgage Securities Inc. Comxxxxxxl Xxxxxxge Commercial Mortgage Pass-Through Certificates Series 20052000-IQ10WF1 [name of Property Account]" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicers Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Accounts Account within two days of receipt. The Special Servicers Servicer shall account separately for funds received or expended with respect to each REO Property. All funds in each REO Account may be invested only in Eligible Investments. The Special Servicers Servicer shall notify the Trustee and the applicable Master Servicer in writing of the location and account number of each REO Account and shall notify the Trustee prior to any subsequent change thereof.