Custodial Accounts definition

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 Accounts. The accounts in which Custodial Funds are deposited and held by the Servicer.

Custodial Accounts. The accounts established and maintained by the Servicers with respect to receipts on the Mortgage Loans and REO Properties in accordance with Section 3.26(b) and the Servicing Agreement.

Examples of Custodial Accounts in a sentence

• All Elective Deferrals or other amounts contributed to the Plan, all property and rights purchased with such amounts under the Funding Vehicles, and all income attributable to such amounts, property, or rights shall be held and invested in one or more Annuity Contracts or Custodial Accounts.

• Transfers among Annuity Contracts and Custodial Accounts may be made to the extent provided in the Individual Agreements and permitted under applicable Income Tax Regulations.

• For example, a Depository Institution may maintain Custodial Accounts as well as Depository Accounts.

• This Plan document, the Adoption Agreement, documents governing ORPs and Supplemental 403(b) Programs, as applicable, and any underlying Annuity Contracts and Custodial Accounts provided by the Vendors authorized by the Employer, as well as necessary forms and administrative policies and procedures incorporated by the Employer, an Administrator or any Funding Vehicle shall constitute the entire Plan.

• Transfers and Exchanges among Annuity Contracts and Custodial Accounts may be made to the extent provided in the Individual Agreements, the Plan and permitted under applicable Income Tax Regulations.

More Definitions of Custodial Accounts

Custodial Accounts has the meaning set forth in Section 3.6.

Custodial Accounts means any custodial accounts or clearing accounts established in the name of the Company or any Guarantor in the ordinary course of business to hold funds on behalf of a third party in connection with the origination or funding of any mortgage or other consumer loans or pursuant to or containing funds received solely in connection with Servicing Agreements in such Grantor’s capacity as servicer, bailee or custodian and any related accounts maintained in the ordinary course of such Grantor’s origination or servicing businesses in the name of such Grantor that are used solely for the collection, maintenance and disbursement of such funds on behalf of third parties for insurance payments, tax payments, suspense payments and other similar payments required to be made by such Grantor in its capacity as originator or servicer; provided that the books and records of such Grantor indicate that such accounts are being held “in trust for” or on behalf of another Person; provided further that the accounts listed on a schedule to be agreed to the Security Agreement shall not qualify as Custodial Accounts.

Custodial Accounts means all escrow, impound, suspense (loan level and other) and custodial accounts maintained with respect to the mortgage loans for purposes of receiving and disbursing payments of principal, interest, taxes, insurance, assessments and similar charges (and interest, if any, accrued on such funds for the benefit of mortgagors) relating to mortgage loans.

Custodial Accounts means the accounts in which Custodial Funds are deposited and held by Subservicer on behalf of Xxxxxx Xxx.

Custodial Accounts means cash and/or securities accounts held by you (or your underlying clients) with BNY Mellon and/or its affiliates.

Custodial Accounts means cash and/or securities accounts held by a Client (or its underlying clients) with BNY Mellon and/or its affiliates.

Custodial Accounts means those escrow, custodial, clearing, trust, disbursement, funds collected, insurance proceeds to repair, replacement reserves, general corporate or similar accounts (including any property completion escrow account relating to the Mortgage Loans) which are listed on Schedule 1.01(B) hereto.