Subservicer Collection Account definition

Subservicer Collection Account. As defined in Section 3.01(a)(v).
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Subservicer Collection Account. An account which is an Eligible Account established by Subservicer for the purposes set forth in this Agreement in the name of "Capstone Realty Advisors, LLC, as Subservicer for Capmark Finance Inc., as Capmark Master Servicer for Wells Fargo Bank, National Associaxxxx, as Trustee for the Holders of Morgan Stanley Capital I Trust 2000-XX00, Xxxxxxcial Mortgage Pass-Through Certificates, Series 2007-IQ15"
Sample 1
Subservicer Collection Account. An account which is an Eligible Account established by Subservicer for the purposes set forth in this Agreement in the name of "CWCapital LLC or the name of any successor thereto hereunder, as Subservicer for Midland Loan Services, Inc., for the benefit of Wells Fargo Bank, N.A., as Trustee in trust for Holders of Deustche Xxxxxage & Asset Receiving Corporation, COMM 2006-C7 Commercial Mortgage Pass-Through Certificates."
Sample 1

Examples of Subservicer Collection Account in a sentence

  • The Subservicer shall deposit all payments and collections received by the Subservicer into the Subservicer Collection Account on a daily basis; provided, however, that the Subservicer shall be entitled to retain and pay to itself the related Subservicing Fee from the interest portion of any such payments.

  • The College of the Sequoias Police Department may be contacted by dialing 559-730-3999 or dialing 911.

  • The amount of any losses incurred in respect of any such investments shall be for the account of the Subservicer, which shall deposit the amount of such loss (to the extent such loss is not offset by income from other investments) in the Subservicer Collection Account out of its own funds immediately as realized.

  • Subservicer shall have the benefit and shall retain all interest and income earned on the Subservicer Collection Account for the Mortgage Loans to the extent provided in Section 2.1(e) and on the Subservicer Escrow Account to the extent provided in Section 2.1(f).

  • Funds in the Subservicer Collection Account may be invested and, if invested, shall be invested by, and at the risk of, the Subservicer in Eligible Investments selected by the Subservicer which shall mature, unless payable on demand, not later than the Business Day immediately preceding the next date on which such funds are required to be remitted to the Capmark Master Servicer, and any such Eligible Investment shall not be sold or disposed of prior to its maturity unless payable on demand.

  • The Subservicer shall deliver to the Capmark Master Servicer prior written notice of any change in the location, name or address of the applicable depository institution or account number of the Subservicer Collection Account.

  • The amount of any losses incurred in respect of any such investments shall be for the account of the Subservicer, which shall deposit the amount of such loss in the Subservicer Collection Account (to the extent such loss is not offset by income from other investments that is retained in the Subservicer Collection Account) out of its own funds immediately as realized.

  • Subservicer shall have the benefit and shall retain all interest and income earned on the Subservicer Collection Account for the Mortgage Loans to the extent provided in Section 2.1(e) and on the escrow accounts to the extent provided in Section 2.1(f).

  • The Subservicer shall deliver to the Master Servicer prior written notice of any change in the location, name or address of the applicable depository institution or account number of the Subservicer Collection Account.

  • Funds in the Subservicer Collection Account may be invested and, if invested, shall be invested by, and at the risk of, the Subservicer in Eligible Investments selected by the Subservicer which shall mature, unless payable on demand, not later than the Business Day immediately preceding the next date on which such funds are required to be remitted to the Master Servicer, and any such Eligible Investment shall not be sold or disposed of prior to its maturity unless payable on demand.

Related to Subservicer Collection Account

  • 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.

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

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

  • Interest Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Interest Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Servicing Account The account or accounts created and maintained pursuant to Section 3.09.

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

  • Subservicing Account An account established by a Subservicer in accordance with Section 3.08.

  • Sub-Servicing Account An account established by a Sub-Servicer which meets the requirements set forth in Section 3.08 and is otherwise acceptable to the Master Servicer.

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

  • Principal Collection Account A Securities Account created and maintained on the books and records of the Securities Intermediary entitled “Principal Collection Account” in the name of the Borrower and subject to the prior Lien of the Collateral Agent for the benefit of the Secured Parties.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.

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

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

  • Interest Collection Subaccount The meaning specified in Section 10.2(a).

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

  • Exchange Note Collection Account means the account established under Section 4.1(a) of the Servicing Supplement.

  • 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.

  • Master Servicer Advance Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Master Servicer Remittance Amount With respect to each Master Servicer and each Master Servicer Remittance Date, an amount equal to (a) all amounts on deposit in such Master Servicer’s Collection Account as of 11:00 a.m., New York City time, on such Master Servicer Remittance Date, net of (b) any portion of the amounts described in clause (a) of this definition that represents one or more of the following: (i) collected Monthly Payments with respect to any Mortgage Loan serviced by such Master Servicer that are due on a Due Date following the end of the related Collection Period, (ii) to the extent not covered by clause (i) above, any payments of principal (including Principal Prepayments) and interest, Insurance Proceeds, Condemnation Proceeds and Liquidation Proceeds Received by the Trust with respect to any Mortgage Loan or REO Property serviced by such Master Servicer after the end of the related Collection Period, (iii) any Prepayment Premiums and/or Yield Maintenance Charges Received by the Trust with respect to any Mortgage Loan or successor REO Mortgage Loan serviced by such Master Servicer with respect thereto after the end of the related Collection Period, (iv) any Excess Liquidation Proceeds, (v) any amounts payable or reimbursable to any Person from such Collection Account pursuant to clauses (ii) through (xxii) of Section 3.05(a), and (vi) any amounts deposited in such Collection Account in error; provided that the Master Servicer Remittance Amount with respect to such Master Servicer for the Master Servicer Remittance Date that occurs in the same calendar month as the anticipated Final Distribution Date shall be calculated without regard to clauses (b)(i), (b)(ii), (b)(iii) and (b)(iv) of this definition.

  • Distribution Account Deposit Date As to any Distribution Date, 12:30 p.m. Pacific time on the Business Day immediately preceding such Distribution Date.

  • Loan Combination Custodial Account means the “Loan Combination Custodial Account” or analogous account established for the Mortgage Loan pursuant to the Lead Securitization Servicing Agreement.

  • Master Servicer Remittance Date With respect to any Distribution Date, the Business Day immediately preceding such Distribution Date.

  • Principal Collection Subaccount The meaning specified in Section 10.2(a).

  • 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.

  • Servicer Advance Date As to any Distribution Date, 11:30 a.m., Eastern time, on the Business Day immediately preceding such Distribution Date.

  • 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.