Whole Loan Custodial Account definition

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

Whole Loan Custodial Account means the custodial account or subaccount established for the Mortgage Loan pursuant to the Servicing Agreement.

Whole Loan Custodial Account. With respect to the Whole Loan, the segregated account or sub-account created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of the Whole Loan, which shall be entitled “Wxxxx Fargo Bank, National Association, as Master Servicer, in trust for Deutsche Bank National Trust Company, as Trustee, for the registered holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2011-GC5, and the related Companion Loan Holder, as their interests may appear.”

Examples of Whole Loan Custodial Account in a sentence

• In connection therewith, the Special Servicer may charge prospective offerors, and may retain, fees that approximate the Special Servicer’s actual costs in the preparation and delivery of information pertaining to such sales or exchanging offers without obligation to deposit such amounts into the Collection Account or, if applicable, the related Whole Loan Custodial Account.

• Interest or other income earned on funds in the Collection Account, the Whole Loan Custodial Account, the Loss of Value Reserve Fund and any Mortgagor Accounts (to the extent consistent with the related Loan Documents), shall be paid to the Master Servicer as additional servicing compensation and interest or other income earned on funds in any REO Account shall be payable to the Special Servicer.

• As and when required under this Agreement, the Master Servicer shall transfer to the Collection Account any amounts to be transferred thereto from a Whole Loan Custodial Account as contemplated by Section 3.06A(a)(i) of this Agreement, and the Master Servicer shall deposit in the Collection Account any amounts required to be deposited therein pursuant to Section 3.07(b) of this Agreement in connection with net losses realized on Permitted Investments with respect to funds held in the Collection Account.

• The Special Servicer shall also be entitled to additional servicing compensation in the form of a Liquidation Fee (other than with respect to the Outside Serviced Mortgage Loans) payable out of the Liquidation Proceeds prior to the deposit of the Net Liquidation Proceeds in the Collection Account or the Whole Loan Custodial Account, as applicable.

• The parties seeking payment pursuant to this Section shall each keep and maintain separate accounting for the purpose of justifying any request for withdrawal from each Whole Loan Custodial Account, on a loan-by-loan basis.

More Definitions of Whole Loan Custodial Account

Whole Loan Custodial Account. With respect to any Serviced Whole Loan, the respective segregated account or sub-account created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of such Serviced Whole Loan, which (subject to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitled “Midland Loan Services, a Division of PNC Bank, National Association, as Master Servicer, on behalf of Computershare Trust Company, National Association, as Trustee, for the benefit of the registered Holders of BMO 2023-C5 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2023-C5, the Uncertificated Interest Owners, and the related Serviced Companion Loan Holder, as their interests may appear.”

Whole Loan Custodial Account. (as defined in the applicable Other Pooling and Servicing Agreement), as applicable, maintained pursuant to the applicable Other Pooling and Servicing Agreement that are allocated to the Outside Serviced Trust Loan are insufficient for reimbursement of such amounts, such Indemnified Party shall be entitled to be reimbursed by the Trust (including out of general collections in the Collection Account) for the Trust’s pro rata share of the insufficiency;

Whole Loan Custodial Account. With respect to any Serviced Whole Loan, the respective segregated account or sub-account created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of such Serviced Whole Loan, which (subject to any changes in the identities of the Master Servicer and/or the Trustee) shall be entitled “KeyBank National Association, as Master Servicer, on behalf of Wilmington Savings Fund Society, FSB, as Trustee, for the benefit of the registered Holders of BMO 2024-C10 Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2024-C10, the Uncertificated Interest Owners, and the related Serviced Companion Loan Holder, as their interests may appear.”

Whole Loan Custodial Account. With respect to any Whole Loan, the respective segregated account or sub-account created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of such Whole Loan, which (subject to any changes in the identities of the Master Servicer or the Trustee) shall be entitled “Xxxxx Fargo Bank, National Association, as Master Servicer, on behalf of Deutsche Bank Trust Company Americas, as Trustee, for the benefit of the registered Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 2014-GC18, and the related Companion Loan Holder, as their interests may appear.”

Whole Loan Custodial Account. With respect to any Whole Loan (other than any Non-Serviced Loan), the segregated account or accounts created and maintained by the Master Servicer pursuant to Section 3.04(e) on behalf of the related Whole Loan noteholders, which shall be entitled "Bank of America, National Association, as Master Servicer, in trust for the Whole Loan noteholders, as their interests may appear". Any such account shall at all times be an Eligible Account.

Whole Loan Custodial Account. With respect to any Whole Loan, the respective segregated account or sub-account created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of such Whole Loan, which shall be entitled “Wxxxx Fargo Bank, National Association, as Master Servicer, on behalf of U.S. Bank National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2012-GC8, and the related Companion Loan Holder, as their interests may appear.”

Whole Loan Custodial Account. With respect to any Whole Loan, the segregated account or sub-accounts created and maintained by the Master Servicer pursuant to Section 3.05A of this Agreement on behalf of the holders of such Whole Loan, which shall be entitled “[_____], as Master Servicer, in trust for [_____], as Trustee, for the registered holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 20[__]-[__] [and the holders of the related Companion Loan, as their interests may appear].”