Custodial Loan File definition

Custodial Loan File. As defined in the Custodial Agreement.

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Custodial Loan File. As defined in the Custodial Agreement. Custodian: The custodian named in the Custodial Agreement, which custodian shall not be affiliated with the Servicer, the Loan Originator, the Depositor or any Subservicer. W▇▇▇▇ Fargo Bank, N.A., a national banking association, shall be the initial Custodian pursuant to the terms of the Custodial Agreement. Custodian Fee: For any Payment Date, the fee payable to the Custodian on such Payment Date as set forth in the Custodian Fee Notice for such Payment Date, which fee shall be calculated in accordance with the separate fee letter between the Custodian and the Servicer.

Custodial Loan File. With respect to each Eligible Loan, the documents delivered to the Collateral Custodian, as agent for the Indenture Trustee, for the benefit of the Noteholders pursuant to Section 2.04 hereof.

Examples of Custodial Loan File in a sentence

• As to any Deleted Loan for which the Loan Originator substitutes a Qualified Substitute Loan or Loans, the Loan Originator shall effect such substitution by delivering to the Custodian the documents constituting the Custodial Loan File for such Qualified Substitute Loan or Loans.

• The Issuer and the Indenture Trustee shall, at the expense of the Loan Originator, take any actions as shall be reasonably requested by the Loan Originator to effect the repurchase of any such Loans and to have the Custodian return the Custodial Loan File of the Deleted Loan to the Servicer.

• The Issuer and the Indenture Trustee shall, at the expense of the Loan Originator, take any actions as shall be reasonably requested by the Loan Originator to effect the repurchase of any such Loans and to have the Custodian return the Custodial Loan File of the deleted Loan to the Servicer.

• To the extent it deems necessary, the Indenture Trustee may seek direction from the Initial Noteholder with regard to the release of Collateral other than the Custodial Loan File.

• During the term of this Agreement, if the Collateral Agent discovers any defect set forth in Section 2.07(a) or 2.07(c) with respect to the items certified pursuant to Section 2.06 with respect to any Custodial Loan File, the Collateral Agent shall give written specification of such defect to the Trust, the Servicer, the Note Purchaser and the Indenture Trustee.

• Such Request for Release shall obligate the Servicer to return the Custodial Loan File to the Collateral Agent when the need therefor by the Servicer no longer exists unless the Mortgage Loan shall be liquidated, in which case, upon receipt of a certificate of a Responsible Officer similar to that hereinabove specified, the Request for Release shall be released by the Collateral Agent to the Servicer.

• In the event that any such original document is required pursuant to the terms of this Section 2.06 to be a part of a Custodial Loan File, such document shall be delivered promptly to the Collateral Agent, on behalf of the Indenture Trustee.

• The Collateral Agent shall hold all Mortgage Loan Documents received by it constituting the Custodial Loan File for the exclusive use and benefit of the Indenture Trustee, as collateral agent and secured party on behalf and for the benefit of the Note Purchaser, and shall make disposition thereof only in accordance with this Agreement and the instructions furnished by the Note Purchaser or by the Indenture Trustee on behalf of the Note Purchaser.

• The Collateral Agent makes no representations as to, and shall not be responsible to verify, the legality, enforceability, sufficiency, due authorization or recordability of any document in any Custodial Loan File.

• Upon final determination of such court, the Collateral Agent shall dispose of such Custodial Loan File or any Mortgage Loan Document included therein as directed by such court, and the Collateral Agent's expenses in so doing shall constitute expenses it is entitled to be reimbursed by the Servicer in accordance with its separate agreement with the Servicer as contemplated by Section 11.05(a).

More Definitions of Custodial Loan File

Custodial Loan File. For each Mortgage Loan, the mortgage loan documents set forth in Section 2.06(a) of the Sale and Servicing Agreement that are delivered to the Collateral Agent pursuant to Section 2.06(a) of the Sale and Servicing Agreement or which at any time come into the possession of the Collateral Agent.

Custodial Loan File. As defined in Section 3.04. Custodian: Any custodian pursuant to the Custodial Agreement, which custodian shall not be affiliated with the Servicer, the Loan Originator, any Subservicer or the Depositor. LaSalle National Bank, a national banking association, shall be the initial Custodian pursuant to the terms of the Custodial Agreement.

Custodial Loan File means, with respect to a Loan, the file containing the Loan Documents listed in Section 4.2(a) below.

Custodial Loan File has the meaning assigned to such term in Section 1.01 of the Sale and Servicing Agreement.

Custodial Loan File. As defined in Section 2.04.

Custodial Loan File means, with respect to any Loan, the documents identified in clauses (i) through (vii) of Section 2(b) of the Custodial Agreement which are delivered or required to be delivered by the Company to the Note Purchaser or its designee (including the Custodian) pursuant to this Agreement.