Common use of Operation of REO Property Clause in Contracts

Operation of REO Property. (a) 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 Companion Loan if in connection with a Loan Pair) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2001-TOP3 and the holder of any related Companion Loan 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) 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 and/or the holder of the Serviced Companion Loan if in connection with a respect to the Serviced Loan PairGroup) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Morgan Stanley Capital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20012004-TOP3 IQ8" and the holder holders of any related the Serviced Companion Loan Loan, 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account Accounts within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) 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 and/or the holder of the Serviced Companion Loan if in connection with a respect to the Serviced Loan PairGroup) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Morgan Stanley Capital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Commexxxxx Mxxxxxxx Pass-Through Certificates Series 20012004-TOP3 IQ8" and the holder holders of any related the Serviced Companion Loan Loan, 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account Accounts within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) The 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 (and the holder of the Companion Loan and, if in connection with a Serviced Loan PairGroup, the holder of the related Serviced Companion Loan) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Morgan Stanley Capital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20012006-TOP3 IQ11 and the holder holders of any related the Serviced Companion Loan Loans, as their interests may appear [name of Property Account]appear" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicer Servicers shall deposit all funds received with respect to an REO Property in the applicable REO Account Accounts within two days of receipt. The Special Servicer 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 Servicer 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) 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 Companion Loan and, if in connection with a Serviced Loan PairGroup, the holder of the related Serviced Companion Loan) in the name of "LaSalle Bank National AssociationWells Fargo Bank, N.A., as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital Morgan Stanley Xxxxxal I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Comxxxxxxl Xxxxxxge Pass-Through Certificates Series 20012006-TOP3 IQ12 and the holder holders of any related the Serviced Companion Loan Loans, as their interests may appear [name of Property Account]appear" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account Accounts within two days of receipt. The Special 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 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) 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 Companion Loan related B Note if in connection with a Loan Pairan A/B Mortgage Loan) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Bear Xxxxxxx Xxxx Xxxxxx Capital I Commercial Mortgage Securities Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 20012002-TOP3 TOP6 and the holder of any related Companion Loan 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) 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 Companion Loan related B Note if in connection with a Loan Pairan A/B Mortgage Loan) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Bear Xxxxxxx Xxxx Xxxxxx Capital I Commercial Mortgage Securities Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through -207- Certificates Series 2001-TOP3 TOP4 and the holder of any related Companion Loan 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) 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 Companion Loan related B Note if in connection with a Loan Pairan A/B Mortgage Loan) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 20012002-TOP3 TOP7 and the holder of any related Companion Loan 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) 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 Companion Loan B Notes if in connection with a Loan Pairan A/B Mortgage Loan) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Bear Xxxxxxx Xxxx Xxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2001-TOP3 TOP2 and the holder of any related Companion Loan 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) 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 Companion Loan related B Note if in connection with a Loan Pairan A/B Mortgage Loan) in the name of "LaSalle Bank National Association, as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2001-TOP3 TOP5 and the holder of any related Companion Loan 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 Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account within two days of receipt. The Special 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 Servicer shall notify the Trustee and the 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) 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 Companion Loan and, if in connection with a Serviced Loan PairGroup, the holder of the related Serviced Companion Loan) in the name of "LaSalle Bank National AssociationWells Fargo Bank, N.A., as Trustee for the Holders of Xxxxxx Xxxxxxx Xxxx Xxxxxx Capital Morgan Stanlex Xxxital I Inc. Commercial Mortgage Securities Inc. Commercial Mortgage Cxxxxxxixx Xxxxgage Pass-Through Certificates Series 20012006-TOP3 IQ12 and the holder holders of any related the Serviced Companion Loan Loans, as their interests may appear [name of Property Account]appear" (each, an "REO Account"), which shall be an Eligible Account. Amounts in any REO Account shall be invested in Eligible Investments. The Special Servicer shall deposit all funds received with respect to an REO Property in the applicable REO Account Accounts within two days of receipt. The Special 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 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.