Securities Administrator Account definition

Securities Administrator Account. A separate account established pursuant to Section 4.07.
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Examples of Securities Administrator Account in a sentence

  • If an existing Securities Administrator Account ceases to be an Eligible Account, the Securities Administrator shall establish a new Securities Administrator Account that is an Eligible Account within 20 Business Days of notice thereof to the Securities Administrator, and shall transfer all funds on deposit in such existing Securities Administrator Account into such new Securities Administrator Account.

  • The Master Servicer, at its option, may choose to make daily remittances from the Collection Account to the Securities Administrator for deposit into the Securities Administrator Account.

  • The Securities Administrator, at its option, may choose to make daily remittances from the Securities Administrator Account to the Trustee for deposit into the Certificate Account.

  • The Securities Administrator shall be entitled to be reimbursed from the Securities Administrator Account for Advances made by it pursuant to this Section 5.04 as if it were the Master Servicer.

  • Funds held in the Securities Administrator Account that are not invested shall be held in cash.

  • If the Securities Administrator deposits in the Securities Administrator Account any amount not required to be deposited therein, it may at any time withdraw such amount from such Securities Administrator Account.

  • The foregoing requirements for deposit in the Securities Administrator Account are exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments of interest on funds in the Securities Administrator Account need not be deposited by the Securities Administrator in the Securities Administrator Account and may be retained by the Securities Administrator as compensation.

  • The amount of any losses incurred in respect of any such investments shall be deposited in such Securities Administrator Account by the Securities Administrator out of its own funds, without any right of reimbursement therefor, immediately as realized.

  • Up until this point we have demonstrated, by means of theoretical predictions and numerical simulations, that cellular materials can actuate upon pressurization and that a variety of different effects can be achieved by simply tuning the lattice architecture.

  • The Trustee shall be entitled on each Distribution Date to 1/12th of the Trustee Fee, which shall be paid first , from investment income on amounts in the Securities Administrator Account, and second, in reduction of the Securities Administrator Fee as provided in the definition thereof.

Related to Securities Administrator Account

  • Certificate Administrator Accounts As defined in Section 3.07(a) of this Agreement.

  • Securities Administrator Fee As to any Distribution Date and each Mortgage Loan, an amount equal to the product of (a) 1/12th of the Securities Administrator Fee Rate and (b) the Scheduled Principal Balance of each Mortgage Loan as of the first day of the related Collection Period. Securities Administrator Fee Rate: 0.001% per annum.

  • Securities Administrator Xxxxx Fargo Bank, N.A., or its successor in interest, or any successor securities administrator appointed as herein provided.

  • Trustee/Certificate Administrator Fee With respect to each Mortgage Loan and for any Distribution Date, an amount accrued during the related Interest Accrual Period at the Trustee/Certificate Administrator Fee Rate on, in the case of the initial Distribution Date, the Cut-Off Date Balance of such Mortgage Loan and, in the case of any subsequent Distribution Date, the Stated Principal Balance of such Mortgage Loan as of the close of business on the Distribution Date in the related Interest Accrual Period; provided that such amounts shall be computed for the same period and on the same interest accrual basis respecting which any related interest payment due or deemed due on the related Mortgage Loan is computed and shall be prorated for partial periods. For the avoidance of doubt, the Trustee/Certificate Administrator Fee shall be payable from the Lower-Tier REMIC.

  • Certificate Administrator Fee With respect to each Mortgage Loan and the beneficial interest of the Trust Fund in each REO Mortgage Loan, the fee designated as such and payable to the Certificate Administrator pursuant to Section 8.05(a). The Certificate Administrator Fee includes the Tax Administrator Fee and the Trustee Fee, each of which shall be paid by the Certificate Administrator as provided herein.

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

  • Trustee/Certificate Administrator Fee Rate With respect to each Mortgage Loan, a rate equal to 0.0055% per annum.

  • Certificate Administrator means the certificate administrator appointed as provided in the Lead Securitization Servicing Agreement.

  • Certificate Administrator Personnel The divisions and individuals of the Certificate Administrator who are involved in the performance of the duties of the Certificate Administrator under this Agreement.

  • Certificate Administrator’s Website The internet website of the Certificate Administrator, initially located at xxx.xxxxxxx.xxx.

  • Certificate Administrator Fee Rate 0.0031% per annum.

  • Custodial P&I Account The Custodial P&I Account, as defined in each of the Servicing Agreements, with respect to the Mortgage Loans. In determining whether the Custodial P&I Account under any Servicing Agreement is "acceptable" to the Master Servicer (as may be required by the definition of "Eligible Account" contained in the Servicing Agreements), the Master Servicer shall require that any such account shall be acceptable to each of the Rating Agencies. Custodian: Initially, the Trustee, and thereafter the Custodian, if any, hereafter appointed by the Trustee pursuant to Section 8.13, or its successor in interest under the Custodial Agreement. The Custodian may (but need not) be the Trustee or any Person directly or indirectly controlling or controlled by or under common control of the Trustee. Neither a Servicer, nor the Seller nor the Master Servicer nor any Person directly or indirectly controlling or controlled by or under common control with any such Person may be appointed Custodian.

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

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

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

  • Trust Administrator [______________] Independent Accountants:

  • Administration Account As defined in Section 7.02.

  • Account Administrator means the person(s) who have been granted authority by Customer to set up, amend, or otherwise control settings and/or make additional purchases for the Account via the Administrative Portal. Account Administrators may have varying levels of Account rights, skills, or permissions.

  • Certificate Account Deposit Date As to any Distribution Date, the Business Day prior thereto.

  • CREFC® Servicer Remittance to Certificate Administrator Template A report substantially in the form of, and containing the information called for in, the downloadable form of the “Interest Servicer Remittance to Certificate Administrator Template” available as of the Closing Date on the CREFC® Website, or such other form for the presentation of such information and containing such additional information as may from time to time be approved by the CREFC® for commercial mortgage securities transactions generally.

  • Special Sub-Custodian Each such duly appointed Special Sub-Custodian shall be listed on Schedule D hereto, as it may be amended from time to time by a Fund, with the acknowledgment of the Custodian. In connection with the appointment of any Special Sub-Custodian, and in accordance with Special Instructions, the Custodian shall enter into a sub-custodian agreement with the Fund and the Special Sub-Custodian in form and substance approved by such Fund, provided that such agreement shall in all events comply with the provisions of the 1940 Act and the rules and regulations thereunder and the terms and provisions of this Agreement.

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

  • Canadian Securities Administrators means the Alberta Securities Commission and any other applicable securities commission or securities regulatory authority of a province or territory of Canada.

  • Custodial Accounts Each custodial account (other than an Escrow Account) established and maintained by a Servicer pursuant to a Purchasing and Servicing Agreement or Servicing Agreement, as applicable.

  • Equity Account Administrator means the brokerage firm utilized by the Company from time to time to create and administer accounts for participants in the Company’s equity plans and programs, including the Plan.

  • Property Trustee Account has the meaning set forth in Section 3.8(c).