COMPANION LOAN CUSTODIAL ACCOUNT definition

COMPANION LOAN CUSTODIAL ACCOUNT means each of the custodial sub-account(s) of the Certificate Account (but which are not included in the Trust) created and maintained by the Master Servicer pursuant to Section 5.1(c) on behalf of the holder of the related Companion Loan. Any such sub-account(s) shall be maintained as a sub-account of an Eligible Account.
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COMPANION LOAN CUSTODIAL ACCOUNT means each of the custodial sub-account(s) of the Certificate Account (but which are not included in the Trust) created and maintained by the Master Servicer pursuant to Section 5.1(c) on behalf of the holder of the related Companion Loan. Any such sub-account(s) shall be maintained as a sub-account of an Eligible Account. "COMPENSATING INTEREST" means with respect to any Distribution Date, an amount equal to the excess of (A) Prepayment Interest Shortfalls incurred in respect of the Mortgage Loans other than the Specially Serviced Mortgage Loans resulting from Principal Prepayments on the Mortgage Loans (but not including the Companion Loans) during the related Collection Period over (B) Prepayment Interest Excesses resulting from Principal Prepayments on the Mortgage Loans (but not including the Companion Loans) during the same Collection Period, but in any event with respect to Compensating Interest to be paid by the Master Servicer hereunder, not more than the portion of the aggregate Master Servicing Fee accrued at a rate per annum equal to 2 basis points for the related Collection Period calculated in respect of all the Mortgage Loans (including REO Mortgage Loans but not including the Companion Loans).
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COMPANION LOAN CUSTODIAL ACCOUNT means the “companion loan custodial account” or similar account established with respect to the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.
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More Definitions of COMPANION LOAN CUSTODIAL ACCOUNT

COMPANION LOAN CUSTODIAL ACCOUNT. With respect to each Companion Loan, the separate account (which may be a sub-account of the Certificate Account) created and maintained by the Master Servicer pursuant to Section 3.04(f) and held on behalf of the Certificateholders and the related Companion Holder, which shall be entitled "KeyCorp Real Estate Capital Markets, Inc., as Master Servicer for LaSalle Bank National Association, as Trustee, on behalf of and in trust for the registered holders of Xxxxxxx Xxxxx Mortgage Trust 2003-KEY1, Commercial Mortgage Pass-Through Certificates, Series 2003-KEY1 and [name of Companion Holder], as their interests may appear." Any such account shall be an Eligible Account.
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Related to COMPANION LOAN CUSTODIAL ACCOUNT

  • Whole Loan Custodial Account means the “Whole Loan Custodial Account” established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Servicer Custodial Account The separate Eligible Account or Accounts created and maintained by the Servicer pursuant to Section 3.08(b).

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

  • REO Companion Loan Any Serviced Companion Loan if the related Mortgaged Property has become an REO Property.

  • Companion Loan As defined in the Introductory Statement.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • Serviced Companion Loan A Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Companion Loan will no longer be a Serviced Companion Loan on and after the related Servicing Shift Date.

  • Other Servicer Mortgage Loan Any of the Mortgage Loans, if any, identified in Exhibit F-2 hereto, as such Exhibit may be amended from time to time in connection with a substitution pursuant to Sections 2.02 or 2.06, which Mortgage Loan is serviced under an Other Servicing Agreement.

  • Collateral Servicing Fee shall have the meaning set forth in Section 3.01.

  • Servicer Account means any account established by Servicer in connection with the servicing of the Mortgage Loans.

  • Serviced Pari Passu Companion Loan A Pari Passu Companion Loan that is part of a Serviced Loan Combination. With respect to each Servicing Shift Mortgage Loan and the related Servicing Shift Loan Combination, each related Pari Passu Companion Loan will cease to be a Serviced Pari Passu Companion Loan on and after the related Servicing Shift Date.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

  • Whole Loan As defined in the Introductory Statement.

  • Companion Loan Holder The holder of a Companion Loan.

  • Serviced Companion Loan Holder The holder of a Serviced Companion Loan.

  • Servicer Mortgage Loan File As defined in each of the Servicing Agreements.

  • Note A-1 Master Servicer means the master servicer under the Note A-1 PSA.

  • Serviced Pari Passu Companion Loan Holder A holder of a Serviced Pari Passu Companion Loan.

  • Noteholder Servicing Fee is defined in Section 3.1.