Common use of Principal and Interest Custodial Account Clause in Contracts

Principal and Interest Custodial Account. The non-interest bearing account that the Issuer maintains with a financial institution for the deposit of principal (including scheduled and unscheduled) and interest collected from mortgagors, or in connection with the related property, to be made available to the CPTA for payment to Security Holders.

Appears in 3 contracts

Samples: Guaranty Agreement, Guaranty Agreement, Guaranty Agreement

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Principal and Interest Custodial Account. The non-interest bearing account that the Issuer maintains with a financial institution for the deposit of principal (including scheduled and unscheduled) and interest collected from mortgagors, or in connection with the related property, to be made available to the CPTA for payment paid to Security Holders.

Appears in 3 contracts

Samples: Guaranty Agreement, Guaranty Agreement, Guaranty Agreement

Principal and Interest Custodial Account. The non-interest bearing account that the Issuer maintains with a financial institution for the deposit of principal (including scheduled and unscheduled) and interest collected from mortgagors, or in connection with the related property, to be made available to the CPTA for payment to Security Holders.

Appears in 2 contracts

Samples: Guaranty Agreement, Guaranty Agreement

Principal and Interest Custodial Account. The non-interest bearing account that the Issuer maintains with a financial institution for the deposit of principal (including scheduled and unscheduled) and interest collected from mortgagors, or in connection with the related property, to be made available to the CPTA for payment paid to Security Holders.

Appears in 1 contract

Samples: Guaranty Agreement

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Principal and Interest Custodial Account. The non-interest bearing account that the Issuer maintains with a financial institution for the deposit of principal (including scheduled and unscheduled) and interest collected from the mortgagor or mortgagors, or in connection with the related property, to be made available to the CPTA for payment paid to Security Holders.

Appears in 1 contract

Samples: Guaranty Agreement

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