Examples of Property Account in a sentence

In connection with such management and subject to Section 3.4(c)(vii), the Successor Manager shall be entitled to the REO Management Fee solely from the Foreclosed Property Account or the Collection Account pursuant to Section 3.4(c)(vii).
The Special Servicer shall deposit into the Foreclosed Property Account within two (2) Business Days of receipt all properly identified funds collected and received in connection with the operation or ownership of such Foreclosed Property.
The Special Servicer shall notify the Certificate Administrator in writing of the location and account number of each Foreclosed Property Account and shall notify the Certificate Administrator in writing prior to any subsequent change thereof.
Each Foreclosed Property Account shall be an Eligible Account maintained with an Eligible Institution.
On or before the Business Day following the last day of each Collection Period, the Special Servicer shall withdraw the funds in any Foreclosed Property Account received through the end of such Collection Period, net of certain expenses and/or reserves (the amount of such reserves determined in the Special Servicer’s reasonable discretion), and deposit them into the Collection Account in accordance with Section 3.4(a).

More Definitions of Property Account

Property Account shall have the meaning set forth in Section 3.1(a) hereof.

Property Account has the meaning set forth in Section 2.8(c). ----------------

Property Account has the meaning set forth in Section 3.8(c) of this Declaration.

Property Account has the meaning set forth in Section 3.08(c) of this Trust Agreement.

Property Account means a segregated non-interest bearing trust account maintained with a banking institution, the rating on whose long-term unsecured indebtedness is at least equal to the rating assigned to the Preferred Securities by a "nationally recognized statistical rating organization" within the meaning of Rule 436(g)(2) under the Securities Act.

Property Account means a segregated trust account with a “financial institution” as that term is defined in the Bank Act (Canada);