Custodial Fund definition

Custodial Fund or “Fund” means the fund maintained in accordance with the terms of this Agreement, including both the Cash Account and the Investment Account.
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Custodial Fund means a fund or funds managed by the Foundation pursuant to a custodial fund agreement wherein the Funds are not owned by the Foundation.
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Custodial Fund means the fund established by the Employer as a convenient method of setting aside a portion of its assets to meet its obligations under the Plan, as provided in Section 5.1. The Custodial Fund shall be composed of the total of all assets held by the Custodians (including Contracts issued under the Plan to the Employer by any Custodian) in accordance with the terms of the Plan. The portion of the Custodial Fund held by each Custodian shall constitute a custodial account or contract (within the meaning of Sections 401(f) and 457(g)(3) of the Code).
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Examples of Custodial Fund in a sentence

  • In case the Condominium Property Regime hereby created shall be terminated or waived, said Maintenance Reserve Fund, capital contributions or Custodial Fund remaining, after full payment of ail common expenses of the Association, shall be distributed to all unit owners in their respective proportionate shares.

  • The proportionate interest of each apartment owner in said Maintenance Reserve Fund, or in the capital contributions or Custodial Fund provided for above, cannot be withdrawn or separately assigned, mentioned or described in the conveyance thereof.

  • If the Employer has designated a Custodian in the Adoption Agreement, the term "Custodial Fund" shall be substituted for "Trust Fund" throughout this Plan, the Trust Agreement and the Adoption Agreement.

Related to Custodial Fund

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

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

  • Custodial Accounts Each Custodial Account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Servicing Agreement with respect to the Mortgage Loans.

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

  • 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 Care means help in transferring, eating, dressing, bathing, toileting and other such related activities. Custodial care does not include Covered Services determined to be Medically Necessary.

  • Custodial File As to each Mortgage Loan, any mortgage loan documents which are delivered to the Custodian or which at any time come into the possession of the Custodian as set forth in Section 2 of this Custodial Agreement.

  • Custodial parent means a parent awarded custody by a court decree. In the absence of a court decree, it is the parent with whom the child resides more than one half of the calendar year without regard to any temporary visitation.

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

  • Noncustodial parent means a person who, at the time of the commencement of court proceedings in the sending state, does not have sole legal custody of the child or has joint legal custody of a child, and who is not the subject of allegations or findings of child abuse or neglect.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

  • 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.

  • Principal Funding Account shall have the meaning specified in subsection 4.03(a)(i).

  • Custodial Agent means the Person who is then the Custodial Agent thereunder.

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

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Principal Funds With respect to the Mortgage Loans and any Distribution Date, the sum, without duplication, of (1) the scheduled principal due during the related Due Period and received before the related Servicer Remittance Date or advanced on or before the related Servicer Remittance Date, (2) prepayments in full collected in the related Prepayment Period, (3) the Stated Principal Balance of each Mortgage Loan that was purchased by the Depositor during the related Prepayment Period or, in the case of a purchase pursuant to Section 9.01, on the Business Day prior to such Distribution Date, (4) the amount, if any, by which the aggregate unpaid principal balance of any Replacement Mortgage Loan is less than the aggregate unpaid principal of the related Deleted Mortgage Loans delivered by the Sponsor in connection with a substitution of a Mortgage Loan pursuant to Section 2.03(c), (5) all Liquidation Proceeds collected during the related Prepayment Period (to the extent such Liquidation Proceeds relate to principal and represent payment in full), (6) all Subsequent Recoveries received during the related Due Period and (7) all other collections and recoveries in respect of principal during the related Due Period, less (A) all Non-Recoverable Advances relating to principal with respect to the Mortgage Loans and (B) other amounts reimbursable (including without limitation indemnity payments) to the Servicer and the Trustee pursuant to this Agreement allocable to principal.

  • Special Fund means any fund other than the city general fund.

  • Note Account As defined in the Indenture.

  • Collateral Fund The fund established and maintained pursuant to Section 3.01 hereof.

  • Custodial Services means the safekeeping and management of an

  • Master Servicing Fee As to any Distribution Date, an amount equal to one-twelfth the product of (a) the Master Servicing Fee Rate and (b) the outstanding principal balance of each Mortgage Loan. Master Servicing Fee Rate: 0.00% per annum.

  • Subordination Agent Has the meaning specified in the Intercreditor Agreement.