Primary Servicer Certificate Account definition

Primary Servicer Certificate Account shall have the meaning set forth in Section 3.01(c)(8) of this Agreement.
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Primary Servicer Certificate Account shall have the meaning set forth in Section 3.01(c)(8) of this Agreement. “Primary Servicer Remittance Amount” shall mean, with respect to any date, an amount equal to, without duplication, (a) the sum of (i) the aggregate of the amounts on deposit in the Primary Servicer Collection Account as of such date, (ii) if and to the extent not included in the amount referred to in subclause (a)(i), the aggregate amount transferred from the REO Account (if established) to the Primary Servicer as of such date, to the extent not previously remitted to the Master Servicer, (iii) the aggregate of all other amounts received with respect to the Mortgage Loans as of such date to the extent not previously remitted to the Master Servicer, and (iv) if and to the extent not previously remitted to the Master Servicer, any amounts deposited by the Primary Servicer pursuant to Section 3.01(c)(24) of this Agreement; net of (b) the portion of the amount described in subclause (a) of this definition that represents one or more of the following: (i) Escrow Payments or (ii) any amounts that the Primary Servicer is entitled to retain as compensation pursuant to Section 3.11 of the Pooling and Servicing Agreement as incorporated herein pursuant to Section 3.01(c)(19) of this Agreement. “Primary Servicer Remittance Date” shall mean the first Business Day after each Determination Date. “Primary Servicer Reporting Date” shall mean the first Business Day after each Determination Date. “Primary Servicing Fee” shall mean, with respect to each Mortgage Loan and REO Loan, the fee payable to the Primary Servicer pursuant to Section 3.01(c)(19) of this Agreement. “Primary Servicing Fee Rate” shall mean, with respect to each Mortgage Loan, the rate that corresponds to such Mortgage Loan set forth on Exhibit A hereto under the heading “Primary Servicing Fee %.” “References Modification” shall have the meaning specified in Section 3.01(b) of this Agreement. ARTICLE II
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Primary Servicer Certificate Account means an account which is an Eligible Account established by Primary Servicer for the purposes set forth in this Agreement in the name of "Pacific Life Insurance Company, as Primary Servicer for Xxxxx Fargo Bank, National Association, as Master Servicer on behalf of LaSalle Bank National Association, as Trustee for the Registered Holders of Xxxxxx Xxxxxxx Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2006-HQ10, Primary Servicer Certificate Account."
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Examples of Primary Servicer Certificate Account in a sentence

  • References to the Certificate Account shall be references to the Primary Servicer Certificate Account.

  • Some time later a serviceman had told the women to return to Grozny and threatened to open fire if they did not.

  • For purposes of the penultimate paragraph of Section 3.04(a) of the Pooling and Servicing Agreement, the Master Servicer shall direct the Special Servicer to make payment of amounts referenced therein directly to the Primary Servicer for deposit in the Primary Servicer Certificate Account.

  • The Primary Servicer shall keep and maintain separate accounting records, on a Mortgage Loan-by-Mortgage Loan basis, reflecting amounts allocable to each Mortgage Loan and on a property-by-property basis when appropriate, for the purpose of justifying any withdrawal, debit or credit from the Primary Servicer Certificate Account.

  • Special or Contractual Benefits Per SSAP No. 11:None(2)Change in plan assets: 2017 2016 a.

  • The creation of any Primary Servicer Certificate Account shall be evidenced by a certification in the form of Exhibit F attached hereto and a copy of such certification shall be furnished to the Master Servicer on or prior to the Closing Date and thereafter to the Master Servicer upon any transfer of the Primary Servicer Certificate Account.

  • The Primary Servicer may invest funds in the Primary Servicer Certificate Account and/or any Servicing Account maintained by the Primary Servicer on the same terms as the Master Servicer may invest funds in the Certificate Account and any Servicing Account, and subject to the same rights, restrictions and obligations regarding maturity dates, gains, losses, withdrawals, possession or control of Permitted Investments and Permitted Investments payable on demand.

  • MISURE DI SICUREZZA- Non usare questo prodotto per scopi diversi da quelli previsti.- Non manomettere e non modificare il prodotto.

  • The Master Servicer shall provide written notice to the Primary Servicer if Section 3.05(e) of the Pooling and Servicing Agreement would be applicable to any withdrawals from the Primary Servicer Certificate Account and if such notice is given after the applicable withdrawals from the Primary Servicer Certificate Account, such withdrawals will be adjusted to reflect the requirements of Section 3.05(e) of the Pooling and Servicing Agreement.

  • Without limiting the generality of the foregoing, any investment of funds in the Primary Servicer Certificate Account and/or any Servicing Account shall be made in the name of the Trustee (in its capacity as such).


More Definitions of Primary Servicer Certificate Account

Primary Servicer Certificate Account shall have the meaning set forth in Section
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Related to Primary Servicer Certificate Account

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

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "Xxxxx Fargo Bank, N.A. as Master Servicer for HSBC Bank USA, National Association, as Trustee f/b/o holders of Xxxxxxx Xxxxx Mortgage Investors, Inc., Mortgage Pass-Through Certificates, MANA Series 2007-OAR4 - Master Servicer Collection Account." The Master Servicer Collection Account shall be an Eligible Account.

  • Certificate Account The account maintained by the Trustee in accordance with the provisions of Section 4.04.

  • Master Servicer Certification A written certification covering servicing of the Mortgage Loans by all Servicers and signed by an officer of the Master Servicer that complies with (i) the Xxxxxxxx-Xxxxx Act of 2002, as amended from time to time, and (ii) the February 21, 2003 Statement by the Staff of the Division of Corporation Finance of the Securities and Exchange Commission Regarding Compliance by Asset-Backed Issuers with Exchange Act Rules 13a-14 and 15d-14, as in effect from time to time; provided that if, after the Closing Date (a) the Xxxxxxxx-Xxxxx Act of 2002 is amended, (b) the Statement referred to in clause (ii) is modified or superceded by any subsequent statement, rule or regulation of the Securities and Exchange Commission or any statement of a division thereof, or (c) any future releases, rules and regulations are published by the Securities and Exchange Commission from time to time pursuant to the Xxxxxxxx-Xxxxx Act of 2002, which in any such case affects the form or substance of the required certification and results in the required certification being, in the reasonable judgment of the Master Servicer, materially more onerous than the form of the required certification as of the Closing Date, the Master Servicer Certification shall be as agreed to by the Master Servicer, the Depositor and the Seller following a negotiation in good faith to determine how to comply with any such new requirements.

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

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

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

  • 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.

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

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

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

  • Monthly Servicer Report means a report substantially in the form attached as Exhibit A-1 to the Servicing Agreement or in such other form as shall be agreed between the Servicer (with prior consent of the Back-Up Servicer) and the Trustee; provided, however, that no such other agreed form shall serve to exclude information expressly required by this Base Indenture or any Series Supplement.

  • Servicer Remittance Date With respect to any Distribution Date, the 18th day of the calendar month in which such Distribution Date occurs or, if such 18th day is not a Business Day, the Business Day immediately following.

  • 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.

  • Non-Lead Certificate Administrator means the “certificate administrator” under any Non-Lead Securitization Servicing Agreement.

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