PROTECTED ACCOUNTS definition

PROTECTED ACCOUNTS. An account established and maintained in the name of the Trustee for the benefit of Certificateholders by each Master Servicer or any Sub-Servicer with respect to the Mortgage Loans and with respect to REO Property in a Designated Depository Institution for receipt of principal and interest and other amounts as described in Section 4.01.
Sample 1Sample 2
PROTECTED ACCOUNTS means all customers and potential customers for the Products as are designated as such from time to time based upon the Manufacturer policy then in effect. Updated lists of Protected Accounts will be provided to Reseller throughout the Term of this Agreement.
Sample 1
PROTECTED ACCOUNTS or the Certificate Account as provided by Section 4.03(a). Nothing in this Section 7.04(d) shall affect a Master Servicer's obligation to supervise the servicing and administration of the Mortgage Loans pursuant to Section 3.01(a). (e) In taking or recommending any course of action pursuant to this Agreement, unless specifically required to do so pursuant to this Agreement, no Master Servicer shall be required to investigate or make recommendations concerning potential liabilities which the Trusts might incur as a result of such course of action by reason of the condition of the Mortgaged Properties but each Master Servicer shall give notice to the Certificate Trustee if it has notice of such potential liabilities.
Sample 1

Examples of PROTECTED ACCOUNTS in a sentence

  • Schedule 2.2 ------------ PROTECTED ACCOUNTS This Schedule 2.2 lists the Protected Accounts, including any time limitations or other conditions that apply with respect thereto.

  • THE NOTES ARE NOT PROTECTED ACCOUNTS OR DEPOSIT LIABILITIES OF WESTPAC BANKING CORPORATION FOR THE PURPOSE OF THE BANKING ACT OF 1959 OF AUSTRALIA OR ANY OTHER PURPOSE AND ARE NOT INSURED OR GUARANTEED BY (1) THE COMMONWEALTH OF AUSTRALIA OR ANY GOVERNMENTAL AGENCY OF AUSTRALIA, (2) THE UNITED STATES FEDERAL DEPOSIT INSURANCE CORPORATION OR ANY OTHER GOVERNMENTAL AGENCY OF THE UNITED STATES OR (3) THE GOVERNMENT OR ANY GOVERNMENTAL AGENCY OF ANY OTHER JURISDICTION.

  • Schedule 2.2 ------------ PROTECTED ACCOUNTS Subject to Section 2.2 of this Agreement, this Schedule 2.2 lists the initial Protected Accounts, including any time limitations or other conditions that apply with respect thereto.

Related to PROTECTED ACCOUNTS

  • Protected Account An account established and maintained for the benefit of Certificateholders by each Servicer with respect to the related Mortgage Loans and with respect to REO Property pursuant to the respective Servicing Agreements. Each Protected Account is required to be an Eligible Account.

  • Restricted Account means an account at Xxxxx Fargo Bank, N.A. associated with the Loan to which Borrower’s access is restricted. Capitalized terms used in these Additional Terms and Conditions to Disbursement Instruction Agreement and not otherwise defined herein shall have the meanings given to such terms in the body of the Agreement.

  • Excluded Accounts means (a) payroll and other employee wage and benefit accounts, (b) tax accounts, including sales tax accounts, (c) xxxxx cash accounts funded in the ordinary course of business, (d) escrow, fiduciary or trust accounts, (e) designated disbursement accounts and non-U.S. bank accounts and (f) the funds or other property held in or maintained in any such account identified in clauses (a) through (e).

  • Designated Accounts means any and all unsecured credit facilities (including without limitation unsecured card or non-card credit facility) that you have with the Participating FIs and excludes joint accounts, any renovation loan, education loan, credit facility granted for businesses or business purposes and such other credit facility that is excluded under the MAS regulations relating to unsecured credit facilities to individuals.

  • Related Account means an Account with respect to which a new credit account number has been issued by the applicable Account Owner or Servicer or the applicable Transferor under circumstances resulting from a lost or stolen credit card and not requiring standard application and credit evaluation procedures under the Credit Card Guidelines.

  • Segregated Account means a client bank account as defined by and held in accordance with the Applicable Regulations.

  • Collateral Accounts means any and all accounts established and maintained by the Pledgee in the name of any Pledgor to which Collateral may be credited.

  • Excluded Account means (a) any deposit account specifically and exclusively used for payroll, payroll taxes and other employee wage and benefit payments to or for the benefit of any Loan Party’s employees and (b) any Xxxxx Cash Accounts.

  • Special Accounts means the accounts referred to in Section 2.02 (b) of this Agreement;

  • Audited Accounts means the audited accounts of the Company and of each of the Subsidiaries and the audited consolidated group accounts of the Group for the financial period ended on the Balance Sheet Date;

  • Concentration Accounts has the meaning ascribed to it in Annex C.

  • Collection Accounts As defined in Section 3.10(a).

  • Client Accounts means accounts of Clients (i) that are Controlled by an Access Person and (ii) in which no Access Person has a substantial proportionate economic interest; provided that, the Client pays a management, advisory or any other similar arms-length fee to the Access Person and the beneficiary of the Client Account is not an Immediate Family member of an Access Person.

  • 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.

  • Retirement Accounts has the meaning ascribed thereto in Section 2.1(F)(7) hereof.

  • Deposit Accounts means any “deposit accounts,” as such term is defined in the UCC, and includes any checking account, savings account, or certificate of deposit.

  • Security Account “Software”, and “Supporting Obligations”.

  • Cash Management Accounts means the bank accounts of each Loan Party maintained at one or more Cash Management Banks listed on Schedule 8.01.

  • FT Account Pool #: Mortgagor's Name, Address and Zip Code: Mortgage Loan Number: Reason for Requesting Documents (check one)

  • Collection Account Bank means any of the banks or other financial institutions holding one or more Collection Accounts.

  • Designated Account Property The Designated Accounts, all cash, investments, Financial Assets, securities and investment property held from time to time in any Designated Account (whether in the form of deposit accounts, Physical Property, book-entry securities, Uncertificated Securities or otherwise), including the Reserve Account Deposit, and all proceeds of the foregoing but excluding all Investment Earnings thereon.

  • Controlled Accounts means the Collection Account and the Unfunded Exposure Account.

  • Funding Accounts has the meaning assigned to such term in Section 4.01(h).

  • Designated Account means the Deposit Account of Borrower identified on Schedule D-1 to the Agreement (or such other Deposit Account of Borrower located at Designated Account Bank that has been designated as such, in writing, by Borrower to Agent).

  • Trust Accounts has the meaning assigned thereto in Section 5.1.

  • Separate Accounts means the accounts which are to be prepared for each