Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the Servicer shall give notice to the Owner of such transfer.
Appears in 9 contracts
Samples: Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust 2007-10), Assignment, Assumption and Recognition Agreement (Bear Stearns ARM Trust 2007-2), Acknowledgment Agreement (Citigroup Mortgage Loan Trust 2006-Ar7)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the Servicer shall give notice to the Owner of such transferany proposed change of the location of either Account not later than ten (10) Business Days prior to any change thereof.
Appears in 6 contracts
Samples: Servicing Agreement (Banc of America Funding Corp), Servicing Agreement (Banc of America Funding 2006-5 Trust), Servicing Agreement (Banc of America Funding 2007-6 Trust)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the so long as such accounts remain Eligible Accounts. The Servicer shall give notice to promptly notify the Owner of such transfer.
Appears in 5 contracts
Samples: Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2), Servicing Agreement (HASCO Trust 2007-He2), Reconstituted Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He1)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time. Such transfer shall be made only upon obtaining the consent of the Purchaser, provided that the which consent shall not be withheld unreasonably. The Servicer shall give notice to bear any expenses, losses or damages sustained by the Owner of such transferPurchaser because the Custodial Account and/or the Escrow Account are not demand deposit accounts.
Appears in 5 contracts
Samples: Servicing Agreement (Chevy Chase Preferred Capital Corp), Servicing Agreement (Flagstar Capital Corp), Servicing Agreement (Franklin Finance Corp)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository depository from time to time, provided that . Such transfer shall be made only upon obtaining the written consent of the Company. The Servicer shall give notice to bear any expenses, losses or damages sustained by the Owner of such transferCompany because the Custodial Account and/or the Escrow Account are not demand deposit accounts.
Appears in 3 contracts
Samples: Servicing Agreement (Nb Capital Corp), Servicing Agreement (Nb Capital Corp), Servicing Agreement (Nb Finance LTD)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the Servicer shall give notice to the Owner of such transfer.
Appears in 3 contracts
Samples: Servicing Agreement (Luminent Mortgage Trust 2007-2), Trust Agreement (GSAA Home Equity Trust 2006-13), Pooling and Servicing Agreement (Gs-FFMLT 2006-Ff13)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the Servicer shall give notice to the Owner of such transfer.
Appears in 1 contract
Protection of Accounts. (a) The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository Eligible Account from time to time, provided that the . The Servicer shall give notice to promptly notify the Owner of any such transfer.
Appears in 1 contract
Samples: Servicing Agreement (Imperial Credit Commercial Mortgage Investment Corp)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the Servicer and shall give notice to notify the Owner of any such transferchange.
Appears in 1 contract
Samples: Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar2)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the Servicer shall give notice to the Owner Investor of such transfer.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Real Estate Investment Corp.)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository Eligible Account from time to time, provided that the Servicer shall give notice to the Owner of such transfer.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Structured Asset Securities Corporation)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that the Servicer time and shall give notice to notify the Owner of such each transfer. The Servicer shall bear any expenses, losses or damages sustained by the Owner if the Custodial Account and/or the Escrow Account are not demand deposit accounts.
Appears in 1 contract
Samples: Subservicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)
Protection of Accounts. The Servicer may transfer the Custodial Account, Subsidy Account or the Escrow Account to a different Qualified Depository from time to time, provided that . Such transfer shall be made only upon obtaining the consent of the Company. The Servicer shall give notice to bear any expenses, losses or damages sustained by the Owner of such transferCompany because the Custodial Account and/or the Escrow Account are not demand deposit accounts.
Appears in 1 contract
Samples: Servicing Agreement (Harris Preferred Capital Corp)
