Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository from time to time. The Servicer shall notify the Owner and the NIMs Insurer of any such transfer.
Appears in 10 contracts
Sources: Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, Series 2005-3), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp. Asset-Backed Pass-Through Certificates, Series 2005-4), Pooling and Servicing Agreement (Opteum Mortgage Acceptance Corp Asset Backed Pass-Through Certificates, 2005-2)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository depository institution from time to time. The Servicer shall promptly notify the Owner and the NIMs Insurer of upon making any such transfer. In any case, the Custodial Account and Escrow Account shall be Eligible Accounts.
Appears in 8 contracts
Sources: Master Servicing Agreement (Sequoia Mortgage Trust 2007-3), Servicing Agreement (Greenwich Capital Acceptance Inc Thorn Mort Sec Tr 2003-1), Master Servicing Agreement (Sequoia Mortgage Trust 2007-1)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository depository institution from time to time. The Servicer shall promptly notify the Owner and the NIMs Insurer of upon making any such transfer. In any case, the Custodial Account and Escrow Account shall be Eligible Accounts.
Appears in 7 contracts
Sources: Master Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Master Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-13), Master Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar)
Transfer of Accounts. The Servicer may may, with the approval of the Owner, transfer the Custodial Account or the Escrow Account to an Eligible Account at a different Qualified Depository from time to time. The Servicer shall notify the Owner and the NIMs Insurer of any such transferdepository institution.
Appears in 7 contracts
Sources: Flow Mortgage Loan Servicing Agreement (Sequoia Residential Funding Inc), Flow Mortgage Loan Servicing Agreement (Sequoia Mortgage Trust 2013-7), Flow Mortgage Loan Servicing Agreement (Sequoia Mortgage Trust 2013-3)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository depository institution from time to time. The Servicer shall promptly notify the Owner Purchaser that such transfer has been made. In any case, the Custodial Account and the NIMs Insurer of any such transferEscrow Account shall be Eligible Accounts.
Appears in 6 contracts
Sources: Servicing Agreement (CSMC Mortgage-Backed Trust Series 2006-5), Mortgage Loan Purchase and Servicing Agreement (CSAB Mortgage-Backed Trust 2007-1), Mortgage Loan Purchase and Servicing Agreement (Sequoia Residential Funding Inc)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository from time Depository. Such transfer shall be made only upon providing notice to time. The Servicer shall notify the Owner and the NIMs Insurer of any such transferPurchaser.
Appears in 5 contracts
Sources: Sale and Servicing Agreement (Lehman XS Trust Series 2006-14n), Flow Mortgage Loan Sale and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-18), Flow Mortgage Loan Sale and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-21)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to an Eligible Account at a different Qualified Depository from time depository institution. Such transfer shall be made only upon providing written notice to time. The Servicer shall notify the Owner and the NIMs Insurer of any such transferPurchaser.
Appears in 4 contracts
Sources: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2013-3), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2013-1), Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2012-1)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository from time to time. The Servicer shall notify the Owner and the NIMs Insurer of any such transfer prior to the effective date of such transfer.
Appears in 4 contracts
Sources: Reconstitution Agreement (HarborView 2007-7), Reconstitution Agreement (HarborView 2007-2), Servicing Agreement (Harborview 2006-Bu1)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository depository institution from time to time. The time provided that such Custodial Account and Escrow Account shall at all times be Eligible Account and the Servicer shall notify the Owner and the NIMs Insurer Seller in writing within a reasonable period of any time after such transfertransfer has taken place.
Appears in 4 contracts
Sources: Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2007-He1), Assignment, Assumption and Recognition Agreement (HASCO Trust 2007-He2), Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2007-Nc1)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository from time depository institution. Such transfer shall be made only upon providing to time. The Servicer shall notify the Owner Purchaser prior written notice including the name and address of the such depository institution and the NIMs Insurer name of any such transferthe account to which the Custodial Account or Escrow Account, as applicable, is being transferred.
Appears in 3 contracts
Sources: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-8ar), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-6ar)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository from time to time. The Servicer shall notify the Owner and the NIMs Insurer of any such transfer.
Appears in 2 contracts
Sources: Servicing Agreement (Encore Credit Receivables Trust 2005-2), Servicing Agreement (Encore Credit Receivables Trust 2005-1)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository from time to time. The Servicer shall notify the Owner and the NIMs Insurer of any such transferdepository institution.
Appears in 1 contract
Sources: Master Mortgage Loan Purchase and Servicing Agreement (Sequoia Mortgage Trust 2010-H1)
Transfer of Accounts. The Each Servicer may transfer the related Servicer Custodial Account or and the related Escrow Account to a different Qualified Depository depository institution from time to time. The Upon such transfer, the related Servicer shall notify deliver to the Owner Master Servicer (who shall upon request forward copies to the Trustee, the NIMS Insurer and the NIMs Insurer of any such transferDepositor) a certification or letter agreement, as the case may be, as required pursuant to Sections 3.06 and 3.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (ABFC 2006-He1 Trust)
Transfer of Accounts. The Servicer may transfer the Custodial Account or the Escrow Account to a different Qualified Depository depository institution from time to timetime that meets the Eligible Account requirements. The Servicer shall notify will prepare and forward a letter agreement in accordance with Section 7.09 and Section 7.11 notifying the Owner and the NIMs Insurer Purchaser of any such transfer.
Appears in 1 contract
Sources: Mortgage Loan Purchase Agreement (Sequoia Mortgage Trust 2013-1)