Master Servicer Custodial Account definition

Master Servicer Custodial Account. The Eligible Account created and maintained by the Master Servicer pursuant to Section 3.09 in the name of the Master Servicer for the benefit of the Certificateholders and designated "CitiMortgage, Inc., as Master Servicer, in trust for the registered holders of Banc of America Funding Corporation Mortgage Pass-Through Certificates, Series 2006-6."

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Master Servicer Custodial Account. The account or accounts created and maintained by the Master Servicer pursuant to Section 3.09(b) which must be an Eligible Account.

Master Servicer Custodial Account. The account described in Section 3.01 hereof.

Examples of Master Servicer Custodial Account in a sentence

The Master Servicer shall reconcile the results of its Mortgage Loan monitoring with the actual remittances of the Servicers to the Master Servicer Custodial Account pursuant to the applicable Servicing Agreements.
The Master Servicer agrees to cooperate with the Trustee in effecting the termination of the responsibilities and rights of the Master Servicer hereunder, including, without limitation, the transfer to the Trustee for the administration by it of all cash amounts that have been deposited by the Master Servicer in the Master Servicer Custodial Account or thereafter received by the Master Servicer with respect to the Mortgage Loans.
Pursuant to Sections 3.08 and 3.09, any amounts collected by the Master Servicer or any Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Master Servicer Custodial Account, subject to withdrawal pursuant to Section 3.11.
All Master Servicer Custodial Account Reinvestment Income shall be for the benefit of the Master Servicer as part of its master servicing compensation and shall be remitted to the Master Servicer monthly as provided herein.
The amount of any losses realized in the Master Servicer Custodial Account incurred in any such account in respect of any such investments shall promptly be deposited by the Master Servicer from its own funds in the Master Servicer Custodial Account.
If the Master Servicer shall deposit any amount not required to be deposited, it may at any time withdraw such amount from the Master Servicer Custodial Account, any provision herein to the contrary notwithstanding.
The Master Servicer shall, promptly upon receipt, deposit in the Master Servicer Custodial Account and retain therein any amounts which are required to be deposited in the Master Servicer Custodial Account by the Master Servicer.
All funds required to be deposited in the Master Servicer Custodial Account shall be held by the Master Servicer in trust for the Certificateholders until disbursed in accordance with this Agreement or withdrawn in accordance with Section 3.11.
The creation of the Master Servicer Custodial Account and the Certificate Account shall be evidenced by a certification substantially in the form attached hereto as Exhibit F.
In the case of Mortgage Loans that have been prepaid in full as of the Closing Date, the Depositor, in lieu of delivering the above documents to the Trustee, or a Custodian on the Trustee's behalf, will cause the applicable Servicer to remit to the Master Servicer for deposit in the Master Servicer Custodial Account the portion of such payment that is required to be deposited in the such account pursuant to Section 3.09.

More Definitions of Master Servicer Custodial Account

Master Servicer Custodial Account. The account described in Section 3.01 hereof. Subject to the provisions of the Pooling and Master Servicing Agreement, the owner of the Master Servicer Custodial Account is the Master Servicer. To the extent provided in the REMIC Provisions or proposed, temporary, or final Treasury regulations, any amounts transferred to the Master Servicer Custodial Account shall be treated as amounts distributed by the REMIC or Pooling REMIC to the Master Servicer. The Master Servicer Custodial Account shall not be considered an asset of the Trust or any REMIC.

Master Servicer Custodial Account. The account or accounts created and maintained by the Master Servicer pursuant to Section 3.07, which shall be entitled "Master Servicer Custodial Account, ▇▇▇▇▇ Fargo Bank, N.A., as Master Servicer under the Pooling and Servicing Agreement dated as of August 1, 2004 among Asset Backed Funding Corporation, as Depositor, ▇▇▇▇▇ Fargo Bank, N.A., as Securities Administrator and Master Servicer, and Deutsche Bank National Trust Company, as Trustee, in trust for registered Holders of ABFC 2004-HE1 Trust, ABFC Asset-Backed Certificates, Series 2004-HE1," and which must be an Eligible Account.

Master Servicer Custodial Account. Either of the WF Master Servicer Custodial Account or the WMMSC Master Servicer Custodial Account.

Master Servicer Custodial Account. The separate trust account or accounts created and maintained by the Master Servicer pursuant to the ▇▇▇▇▇▇ Mae Servicing Guide which shall be entitled "▇▇▇▇▇ Fargo Bank, N.A., as Master Servicer for HSBC Bank USA, National Association, as Trustee, in trust for the registered holders for ▇▇▇▇▇▇▇ ▇▇▇▇▇ Mortgage Investors Trust Series MLCC 2006-2 Mortgage Pass-Through Certificates." The Master Servicer Custodial Account shall be an Eligible Account.

Master Servicer Custodial Account. The account or accounts created and maintained by the Master Servicer pursuant to Section 3.06(b), which shall be entitled “Master Servicer Custodial Account, ▇▇▇▇▇ Fargo Bank, N.A., as Master Servicer, in trust for registered Holders of American General Mortgage Loan Trust 2010-1, American General Mortgage Pass-Through Certificates, Series 2010-1,” and which must be an Eligible Account. The Master Servicer Custodial Account shall be deemed to be a sub-account of the Distribution Account.