Payment Clearing Account definition

Payment Clearing Account. The account established and maintained pursuant to the second paragraph of Section 4.03.

Payment Clearing Account. An Eligible Account created and maintained pursuant to Exhibit 8.

Payment Clearing Account means account number 4121967343 held at Xxxxx Fargo Bank, N.A. and entitled “Nationstar Mortgage LLC and in trust for the Benefit of Certain Investors.”

Examples of Payment Clearing Account in a sentence

• Master Servicing Payment Clearing Account Account Number: 066-611059 Beneficiary: Aurora Loan Services Inc.

• Master Servicing Payment Clearing Account Account Number: 666-611059 Beneficiary: Aurora Loan Services Inc.

• All remittances required to be made to the Master Servicer shall be made to the following wire account or to such other account as may be specified by the Master Servicer from time to time: JPMorgan Chase Bank New York, New York ABA#: 000-000-000 Account Name: Aurora Loan Services Inc., Master Servicing Payment Clearing Account Account Number: 066-611059 Beneficiary: Aurora Loan Services, Inc.

• Master Servicing Payment Clearing Account Account Number: 666 611059 Beneficiary: Aurora Loan Services Inc.

• Not later than the second Business Day following the receipt of a payment in respect of a Non-Agency Mortgage Loan subject to this Agreement, the Servicer shall withdraw the amount of such payment from the Payment Clearing Account and shall immediately deposit (1) in the Custodial Account, the portion of such payment required to be deposited therein pursuant to Section 4.04, and (2) in the Escrow Account, the portion of such payment required to be deposited therein pursuant to Section 4.06.

More Definitions of Payment Clearing Account

Payment Clearing Account. [Name of Account] Fairbanks Capital Corp. Payment Clearing Account";

Payment Clearing Account. The account used for daily concentration of all deposits made to the Depository Accounts and for funding all Custodial Accounts.

Payment Clearing Account. The account established and maintained pursuant to the second paragraph of Section 4.03. PennyMac Property Preservation Program: The proprietary property preservation programs designed by PNMAC Capital Management, LLC to modify and enhance the value of Mortgage Loans or mitigate losses to Mortgage Loans, as amended from time to time, and presented to the Servicer by the program technology and other documentation administered and provided by the PennyMac REIT Manager. PennyMac REIT: PennyMac Mortgage Investment Trust, a Maryland real estate investment trust, or any successor thereto. PennyMac REIT Manager: PNMAC Capital Management, LLC, a Delaware limited liability company, or any successor thereto.

Payment Clearing Account has the meaning set forth in Section 6.01 hereof.

Payment Clearing Account. An Eligible Account created and maintained pursuant to Exhibit 8 and that is designated "Option One Mortgage Corporation Payment Clearing Account in trust for the account of others".

Payment Clearing Account. An account designated "Wells Fargo Home Mortgage, Inc. Payment Clearing Account in trust for xxxxous investors and mortgagors" maintained by the Company at a Qualified Depository through which funds collected on behalf of the Seller are deposited prior to being posted to the respective Custodial or Escrow Account.

Payment Clearing Account. An Eligible Account created and maintained pursuant to Section 11.04 and that is designated "ABN AMRO's Payment Clearing Account in trust for the account of others".