Trustee Collection Account definition

Trustee Collection Account means any Eligible Account established and maintained by the Trustee for the benefit of the Certificateholders pursuant to Section 5.3(a) hereof.
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Trustee Collection Account has the meaning set forth in Section 5.01 of the Sale and Servicing Agreement.
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Trustee Collection Account means the account described in Clause 15 of the RSA or any sub-account therefor or replacement thereof at any Qualifying Institution outside the United Kingdom;
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Examples of Trustee Collection Account in a sentence

  • Such requirement respecting deposits into the Trustee Collection Account is exclusive.

  • In the event that any amount not required to be deposited into the Trustee Collection Account is so deposited, the Master Servicer may at any time direct the Indenture Trustee to withdraw such amount from the Trustee Collection Account and deliver it to or at the direction of Master Servicer, any provision herein to the contrary notwithstanding.

  • Each Certificateholder, by its acceptance of a Certificate, agrees that it will look solely to funds on deposit in the Trustee Collection Account that have been released from the Lien of the Indenture for payment hereunder, and that the Owner Trustee in its individual capacity is not personally liable to any Certificateholder for any amount payable under any Certificate or the Trust Agreement or, except as expressly provided in the Trust Agreement, subject to any liability under the Trust Agreement.

  • Any funds remaining in the Trustee Collection Account after exhaustion of such remedies and the payment of all amounts due the Noteholders shall be distributed by the Certificate Paying Agent to the Certificateholder of the majority of the Percentage Interest of the Certificates of the Class with respect to which such amounts are due.

  • Reports to the Indenture Trustee; Collection Account Statements 38 Section 5.15.

  • The amount of any losses incurred in respect therewith shall be deposited into the Trustee Collection Account by the Indenture Trustee and/or the Depositor out of their own funds immediately as incurred.

  • Pursuant to the Purchase and Sale Agreement, any such substitution shall be accompanied by payment by the Seller of the Substitution Adjustment, if any, to the Servicer to be deposited in the Trustee Collection Account.

  • Reports to the Trustee; Collection Account Statements..........................................75 SECTION 3.20.

  • The Master Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such designation, except in cases of manifest error, being conclusive for purposes of withdrawals from the Collection Account or Trustee Collection Account pursuant to Section 5.4.

  • The Servicer shall designate on its records the specific Mortgage Loans and related installments (or portions thereof) as to which such Periodic Advance shall be deemed to have been made, such designation, except in cases of manifest error, being conclusive for purposes of withdrawals from the Collection Account or Trustee Collection Account pursuant to Section 5.4.


More Definitions of Trustee Collection Account

Trustee Collection Account means the account identified as such in the Trust Bank Accounts Agreement;
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Trustee Collection Account means the account described in Clause 16 of the RSA;
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Related to Trustee Collection Account

  • 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.

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

  • 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.

  • 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.

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

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

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

  • 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.

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

  • Administration Account As defined in Section 7.02.

  • Distribution Account means the Bank Account (which may be a current, saving or deposit account) maintained by the Trustee with a Bank as directed by the Management Company in which the amount required for distribution of income to the Unit Holder(s) may be transferred. Interest, income or profit, if any, including those accruing on unclaimed dividends, in this account shall be transferred to the main account of the Fund from time to time, as part of the Trust Property for the benefit of the Unit Holder(s).

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

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

  • Principal 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.

  • Note Account As defined in the Indenture.

  • Finance Charge Account is defined in Section 4.9(a).

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

  • Principal Account as set forth in the Standard Terms and Conditions of Trust shall be replaced with the term "Capital Account."

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

  • Collections Account has the meaning given to such term in Section 3.01(a) hereof.

  • Transaction Account means a cash account established and maintained by Repo Custodian for the Funds to effect repurchase transactions pursuant to the Master Agreement.

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

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

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

  • 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.