Expense Escrow Account definition

Expense Escrow Account. As defined in Section 11.01(b) hereof. Xxxxxx Xxx: Federal National Mortgage Association, or any successor thereto.

Expense Escrow Account has the meaning set forth in Section 9.16.

Expense Escrow Account. As defined in Section 11.01(b) hereof. FHLMC Acknowledgment Agreement: The acknowledgment agreement by and among the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, Seller and Purchaser, in form and substance reasonably acceptable to Purchaser, dated on or before the Closing Date, pursuant to which the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.

Examples of Expense Escrow Account in a sentence

• All funds allocated to the Operation and Maintenance Expense Escrow Account shall be held by Lender pursuant to the provisions of this Security Instrument.

• Borrower may request a disbursement from the Operation and Maintenance Expense Escrow Account no more than one (1) time per calendar month.

• Borrower hereby agrees to pay all Operating Expenses with respect to the Property (without regard to the amount of money then available in the Operation and Maintenance Expense Sub-Account or the Operation and Maintenance Expense Escrow Account).

• Borrower hereby agrees to pay or cause to be paid all Operating Expenses and extraordinary capital improvement costs with respect to the Property (without regard to the amount of money then available in the Operation and Maintenance Expense Sub-Account or the Operation and Maintenance Expense Escrow Account).

• Provided that no Event of Default has occurred and is continuing, and no O&M Operative Period has existed for three (3) consecutive calendar months, Lender shall, upon written request from Borrower, release all sums contained in the Curtailment Reserve Escrow Account and the Operation and Maintenance Expense Escrow Account to Borrower.

More Definitions of Expense Escrow Account

Expense Escrow Account. As defined in Section 11.01(b) hereof. Xxxxxx Xxx: Federal National Mortgage Association, or any successor thereto. Xxxxxxx Mac: Federal Home Loan Mortgage Corporation, or any successor thereto.

Expense Escrow Account. As defined in Section 11.01(b) hereof.

Expense Escrow Account. As defined in Section 11.01(b) hereof. FNMA Acknowledgment Agreement: The acknowledgment agreement by and among the Agency, Seller and Purchaser, in form and substance reasonably acceptable to such purchasers, dated on or before the Closing Date, pursuant to which, among other things, the Agency consents to (a) the sale of the Mortgage Servicing Rights (including the Total Servicing Spread) to Seller and (b) the sale of the Current Excess Servicing Spread from Seller to the Purchaser and any other arrangements specified therein.

Expense Escrow Account. As defined in Section 11.01(b) hereof. Xxxxxx Mae: Federal National Mortgage Association, or any successor thereto. FHLMC Acknowledgment Agreement: The acknowledgment agreement by and among the Agency, Seller and Purchaser, in form and substance reasonably acceptable to such purchasers, dated on or before the Closing Date, pursuant to which, among other things, the Agency consents to (a) the sale of the Mortgage Servicing Rights (including the Total Servicing Spread) to Seller and (b) the sale of the Current Excess Servicing Spread from Seller to the Purchaser and any other arrangements specified therein.

Expense Escrow Account. As defined in Section 11.01(b) hereof. FHLMC Acknowledgment Agreement: The acknowledgment agreement by and among the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, Seller and NIC MSR IV LLC, in form and substance reasonably acceptable to NIC MSR IV LLC, dated on or before the Closing Date, pursuant to which the entity formerly known as the Federal Home Loan Mortgage Corporation, or any successor thereto, consents to the sale of the excess servicing spread and other arrangements specified therein.

Expense Escrow Account. As defined in Section 11.01(b) hereof. FHLMC Acknowledgment Agreement: The acknowledgment agreement by and among the Agency , Seller and Purchaser, in form and substance reasonably acceptable to Purchaser, dated on or before the Closing Date, pursuant to which the Agency consents to (a) the sale of the Mortgage Servicing Rights (including the Total Excess Spread) to Seller and (b) the sale of the Current Excess Servicing Spread from Seller to Purchaser and other arrangements specified therein.

Expense Escrow Account shall have the meaning defined in Section 2.9(b).