Common use of Special Deposit Account Clause in Contracts

Special Deposit Account. An account which the Owner and the Servicer agree shall be a special deposit account for the benefit of the Owner under applicable law.

Appears in 9 contracts

Samples: Flow Servicing Agreement (PennyMac Mortgage Investment Trust), Flow Servicing Agreement, Flow Servicing Agreement (PennyMac Mortgage Investment Trust)

AutoNDA by SimpleDocs

Special Deposit Account. An account which the Owner and the Servicer agree shall be a special deposit account for the benefit of the related Owner under applicable law.

Appears in 4 contracts

Samples: Servicing Agreement (GSR 2006-5f), Servicing Agreement (GSR 2006-4f), Servicing Agreement (GSR Mortgage Loan Trust 2006-3f)

AutoNDA by SimpleDocs

Special Deposit Account. An account which the Owner and the Servicer agree shall be a special deposit account for the benefit of the Owner under applicable lawApplicable Law.

Appears in 3 contracts

Samples: Flow Servicing Agreement (PennyMac Mortgage Investment Trust), Flow Servicing Agreement (PennyMac Financial Services, Inc.), Flow Servicing Agreement (PennyMac Financial Services, Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!