Custodial Escrow Account definition
Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer, in accordance with the Guide or otherwise, for the purpose of funding (a) escrows for taxes, insurance and related payments and costs, if required by the Credit Facility Provider, (b) a reserve for replacements for the Project, if required by the Credit Facility Provider, and (c) a debt service reserve for the Bond Mortgage Loan, if required by the Credit Facility Provider.
Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer, in accordance with the Guide or otherwise, for the purpose of funding
Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer from and after the Conversion Date pursuant to the Guide or otherwise, for the purpose of funding (i) escrows for taxes, insurance and related payments and costs, if required by ▇▇▇▇▇▇▇ Mac, (ii) a reserve for replacements for the Project, if required by ▇▇▇▇▇▇▇ Mac, and (iii) a debt service reserve for the Bond Mortgage Loan, if required by ▇▇▇▇▇▇▇ Mac.
Examples of Custodial Escrow Account in a sentence
This Agreement contains the entire agreement between the parties relating to the Custodial Escrow Account and supersedes all prior understandings and agreements between the parties.
More Definitions of Custodial Escrow Account
Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer, in accordance with the Guide or otherwise, for the purpose of funding (a) escrows for taxes, insurance and related payments and costs, if required by Freddie Mac, (b) a reserve for replacements for the Project, if required by Freddie Mac, and (c) a debt service reserve for the Bond Mortgage Loan, if required by Freddie Mac.
Custodial Escrow Account means, collectively, the account or accounts established and held by the Servicer from and after the Conversion Date, in accordance with the Guide or otherwise, for the purpose of funding (a) escrows for taxes, insurance and related payments and costs, if required by the Initial Permanent Phase Credit Facility Provider, (b) a reserve for replacements for the Development, if required by the Initial Permanent Phase Credit Facility Provider, (c) a debt service reserve for the Bond Mortgage Loan, if required by the Initial Permanent Phase Credit Facility Provider, and (d) any other reserves that may be required by the Initial Permanent Phase Credit Facility Provider.