REO Accounts definition

REO Accounts. As defined in Section 3.13(c).
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REO Accounts. “: Shall have the meaning ascribed it in Section 3.13(c) hereof.
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REO Accounts. The meaning specified in the Servicing Agreement.
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Examples of REO Accounts in a sentence

  • If an REO Acquisition shall occur, the Special Servicer shall establish and maintain one or more REO Accounts, held on behalf of the Trustee for the benefit of the Certificateholders and, if applicable, on behalf of any related Companion Holder(s), as applicable, as their interest shall appear, and the Trustee (as holder of the Lower-Tier Regular Interests), for the retention of revenues and other proceeds derived from each REO Property.

Related to REO Accounts

  • REO Account The account or accounts maintained by the Master Servicer in respect of an REO Property pursuant to Section 3.23.

  • Servicing Accounts The account or accounts created and maintained pursuant to Section 3.08.

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