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

All Collateral Obligations shall be credited to the Custodial Account.
Cash amounts credited to the Custodial Account shall be transferred to the Collection Account upon receipt thereof.
The Issuers shall not have any legal, equitable or beneficial interest in the Custodial Account other than in accordance with this Indenture and the Securities Account Control Agreement.
In accordance with this Indenture and the Securities Account Control Agreement, prior to the 2024 Closing Date, the Collateral Trustee established at the Custodian a single, segregated non-interest bearing trust account held in the name of the Collateral Trustee, in trust for the benefit of the Secured Parties, which designated as the Custodial Account, which shall be maintained with the Custodian in accordance with the Securities Account Control Agreement.
All Cash in the Custodial Account shall remain uninvested and the only permitted withdrawals from the Custodial Account shall be in accordance with the provisions of this Indenture.

More Definitions of Custodial Account

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.