Servicer Account Bank definition

Servicer Account Bank means each of the banks set forth in Exhibit G hereto and such banks as may be added thereto or deleted therefrom pursuant to Section 2.2 of the Guaranty and Security Agreement.
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Servicer Account Bank means a depository institution approved by the Buyer at which a Servicer Account is established.
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Servicer Account Bank means each of the banks set forth in Exhibit C hereto and such banks as may be added thereto or deleted therefrom pursuant to Section 2.8 hereof.
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Examples of Servicer Account Bank in a sentence

  • As compensation for its Collateral Custodian activities hereunder, the Collateral Custodian shall be entitled to the Collateral Custodian Fees from the Borrower as set forth in the Backup Servicer, Account Bank, Collateral Custodian and Collateral Administrator Fee Letter, payable pursuant to the extent of funds available therefor pursuant to the provisions of Section 2.04.

  • As compensation for its Collateral Administrator activities hereunder, the Collateral Administrator shall be entitled to the Collateral Administrator Fees from the Borrower as set forth in the Backup Servicer, Account Bank, Collateral Custodian and Collateral Administrator Fee Letter, payable pursuant to the extent of funds available therefor pursuant to the provisions of Section 2.04.

  • As compensation for its Account Bank activities hereunder and the Collection Account Agreement, the Account Bank shall be entitled to the Account Bank Fees from the Borrower as set forth in the Backup Servicer, Account Bank, Collateral Custodian and Collateral Administrator Fee Letter, payable pursuant to the extent of funds available therefor pursuant to the provisions of Section 2.04.

  • The parties expressly acknowledge and consent to Xxxxx Fargo Bank, National Association, acting in the multiple roles of Administrative Agent, Lender, Backup Servicer (including potentially as Successor Servicer), Account Bank and Third Party Allocation Agent under the Basic Documents.

  • Riedl Title: Senior Vice President WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity, but solely as Backup Servicer, Account Bank and Custodian By: /s/ Marianna C.

  • The Servicer shall be permitted to give instructions to any Servicer Account Bank for so long as neither a Servicer Default nor any other Termination Event has occurred hereunder.

  • All amounts to be paid or deposited by the Borrower, Servicer, Account Bank or Collateral Agent hereunder shall be made by such Person, as applicable, to the account designated by the Administrative Agent or other applicable Person to which such amount is owed and shall be sent in immediately available funds, no later than 3:00 p.m. (New York time) on the date specified herein.

  • Other parties to the transaction may also perform multiple roles, including UBI which, in addition to being the Originator, is also Master Servicer, Account Bank, Cash Manager, Calculation Agent, Initial Senior Notes Subscriber and Initial Junior Notes Subscriber.

  • The Servicer shall not terminate any bank as a Servicer Account Bank or add any bank as a Servicer Account Bank unless the Agent shall have received fifteen (15) days' prior written notice of such termination or addition and the Agent shall have received a Servicer Account Agreement executed by each new Servicer Account Bank or an existing Servicer Account Bank with respect to each new Servicer Account, as applicable.

  • Notwithstanding the foregoing, to the extent the Servicer or any Subservicer is unable to deposit any such Collections to the Servicer Master Account as a result of a malfunction with the Xxxxxx safe or system, or any check scanning system used by the Servicer, a Subservicer and Servicer Account Bank, the Servicer or Subservicer, as applicable, shall, no later than two (2) Business Days of receipt thereof, cause any affected Collections to be deposited into a Servicer Deposit Account in the form received.


More Definitions of Servicer Account Bank

Servicer Account Bank means each of Existing Parent Payment Account Bank, the Collection Account Bank, Fifth Third Bank and Huntington Bank.
Sample 1
Servicer Account Bank means a bank, or any successor bank, selected by Lender or Servicer in accordance with the terms hereof and reasonably acceptable to Borrower, at which the Servicer Account will be maintained.
Sample 1
Servicer Account Bank means Xxxxx Fargo Bank, National Association or any other banking institution at which a Servicer Master Account is established and maintained.
Sample 1
Servicer Account Bank means Intesa Sanpaolo S.p.A. and any its successor and assignees.
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Related to Servicer Account Bank

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

  • Concentration Account Bank shall have the meaning assigned to such term in Section 9.01(e)(i).

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

  • Designated Account Bank has the meaning specified therefor in Schedule D-1 to the Agreement (or such other bank that is located within the United States that has been designated as such, in writing, by Borrowers to Agent).

  • Collateral Account Bank a bank which at all times is a Collateral Agent or a Lender or an affiliate thereof as selected by the relevant Grantor and consented to in writing by the Collateral Agent (such consent not to be unreasonably withheld or delayed).

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

  • Deposit Account Bank means a financial institution selected or approved by the Administrative Agent.

  • Blocked Account Bank means each bank with whom deposit accounts are maintained in which any funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

  • Controlled Account Bank has the meaning specified therefor in Section 7(k).

  • Collection Account Agreement means each agreement substantially in the form of Exhibit VI, or such other form as may be acceptable to the Agent, among the applicable Originator, a Seller, Collection Bank and the Agent, as it may be amended, restated, supplemented or otherwise modified and in effect from time to time.

  • Master Servicer Collection Account The trust account or accounts created and maintained pursuant to Section 4.02, which shall be denominated "JPMorgan Chase Bank, as Trustee f/b/o holders of Structured Asset Mortgage Investments II Inc., Bear Xxxxxxx ALT-A Trust 2004-8, Mortgage Pass-Through Certificates, Series 2004-8 - Master Servicer Collection Account," and which shall be an Eligible Account.

  • 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.

  • Concentration Account Agreement as defined in subsection 4.16(b).

  • Primary Servicer Collection Account shall have the meaning set forth in Section 3.01(c)(7) of this Agreement.

  • 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.

  • Blocked Account Banks means the banks with whom deposit accounts are maintained in which material amounts (as reasonably determined by the Administrative Agent) of funds of any of the Loan Parties from one or more DDAs are concentrated and with whom a Blocked Account Agreement has been, or is required to be, executed in accordance with the terms hereof.

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

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

  • Custodial Account for P&I The Custodial Account for principal and interest established and maintained by each Servicer pursuant to its Selling and Servicing Contract and caused by the Master Servicer to be established and maintained pursuant to Section 3.02 (a) with the corporate trust department of the Trustee or another financial institution approved by the Master Servicer such that the rights of the Master Servicer, the Trustee and the Certificateholders thereto shall be fully protected against the claims of any creditors of the applicable Servicer and of any creditors or depositors of the institution in which such account is maintained, (b) within FDIC insured accounts (or other accounts with comparable insurance coverage acceptable to the Rating Agencies) created, maintained and monitored by a Servicer or (c) in a separate non-trust account without FDIC or other insurance in an Eligible Institution. In the event that a Custodial Account for P&I is established pursuant to clause (b) of the preceding sentence, amounts held in such Custodial Account for P&I shall not exceed the level of deposit insurance coverage on such account; accordingly, more than one Custodial Account for P&I may be established. Any amount that is at any time not protected or insured in accordance with the first sentence of this definition of "Custodial Account for P&I" shall promptly be withdrawn from such Custodial Account for P&I and be remitted to the Investment Account.

  • Account Bank means any of them.

  • 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.

  • Collection Account Control Agreement means that certain Account Control Agreement, dated as of the date hereof, by and among Seller, Buyer, and U.S. Bank National Association, in form and substance acceptable to Buyer, as the same may be amended, restated, supplemented or otherwise modified from time to time, and which shall provide for Buyer control of the Collection Account as of the date of execution.

  • Collection Bank means, at any time, any of the banks holding one or more Collection Accounts.

  • Concentration Account has the meaning provided in Section 6.13(c).

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