Custodial Account definition

Custodial Account. The separate account or accounts created and maintained pursuant to Section 4.04.
Custodial Account. The custodial account or accounts created and maintained pursuant to Section 3.07 in the name of a depository institution, as custodian for the holders of the Certificates, for the holders of certain other interests in mortgage loans serviced or sold by the Master Servicer and for the Master Servicer, into which the amounts set forth in Section 3.07 shall be deposited directly. Any such account or accounts shall be an Eligible Account.
Custodial Account. Any custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement.

Examples of Custodial Account in a sentence

  • Pursuant to Section 4.1 of the TxDOT Tolling Services Agreement, the Parties shall enter into a joinder agreement in the form set out as Exhibit B to such agreement, pursuant to which TxDOT shall designate Developer to be a “Beneficiary” under the Master Lockbox and Custodial Account Agreement and acknowledge that the Collateral Agent shall be a “Secured Party” under the Master Lockbox and Custodial Account Agreement designated by Developer.


More Definitions of Custodial Account

Custodial Account. The separate trust account created and maintained pursuant to Subsection 2.04 of the Interim Servicing Agreement (with respect to each Mortgage Loan, as specified therein).
Custodial Account means an account (other than an Insurance Contract or Annuity Contract) for the benefit of another person that holds any financial instrument or contract held for investment (including, but not limited to, a share or stock in a corporation, a note, bond, debenture, or other evidence of indebtedness, a currency or commodity transaction, a credit default swap, a swap based upon a nonfinancial index, a notional principal contract, an Insurance Contract or Annuity Contract, and any option or other derivative instrument).
Custodial Account. As defined in Subsection 11.04.
Custodial Account. The custodial account established pursuant to Section 10.3(b).
Custodial Account. The separate account or accounts created and maintained by the Servicer pursuant to Section 3.03.
Custodial Account. The account or accounts created and maintained pursuant to Section 3.4 of this Agreement which account(s) shall be an Eligible Account.
Custodial Account. The account or accounts created and maintained by the Servicer pursuant to Section 3.02(b) of the Servicing Agreement, in which the Servicer shall deposit or cause to be deposited certain amounts in respect of the Mortgage Loans.