Common use of The Distribution Account Clause in Contracts

The Distribution Account. On each Remittance Date, the Master Servicer shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing Agreements. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iv) an amount to indemnify the Master Servicer or the Servicers for amounts due in accordance with this Agreement, (v) all amounts representing Prepayment Charges (payable to the Class P Certificateholders), (vi) to reimburse the Master Servicer, any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof and (vii) any other amounts that each of the Depositor, Trustee, Master Servicer and the Securities Administrator is entitled to receive hereunder for reimbursement, indemnification or otherwise.

The Distribution Account. On each Remittance Date, the Master Servicer Securities Administrator shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing AgreementsAgreements and on each Master Servicer Remittance Date, the Securities Administrator shall deposit in the Distribution Account all funds remitted to it by the Master Servicer pursuant to this Agreement. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iiiii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iviii) an amount to indemnify the Master Servicer or the Servicers for amounts due in accordance with this Agreement, (viv) all amounts representing Prepayment Charges (payable to the Class P Certificateholders), (viv) to reimburse the Master Servicer, the Securities Administrator, any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof and (viivi) any other amounts that each of the Depositor, Trustee, Master Servicer and the Securities Administrator is entitled to receive hereunder for reimbursement, indemnification or otherwise.

The Distribution Account. On each Remittance Date, the Master Servicer Securities Administrator shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing AgreementsAgreements and on each Master Servicer Remittance Date, the Securities Administrator shall deposit in the Distribution Account all Funds remitted to it by the Master Servicer pursuant to this Agreement. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iiiii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iviii) an amount to indemnify the Master Servicer or the Servicers for amounts due in accordance with this Agreement, (viv) all amounts representing Prepayment Charges (payable to the Class P CertificateholdersCertificateholders in accordance with Section 4.02(k)), (viv) to reimburse the Master Servicer, the Securities Administrator, any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof hereof, (vi) to pay the Securities Administration Fee to the Securities Administrator on each Distribution Date, and (vii) any other amounts that each of the Depositor, Trustee, Master Servicer and the Securities Administrator is entitled to receive hereunder for reimbursement, indemnification or otherwise.

The Distribution Account. On each Remittance Date, the Master Servicer Securities Administrator shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing AgreementsAgreements and on each Master Servicer Remittance Date, the Securities Administrator shall deposit in the Distribution Account all Funds remitted to it by the Master Servicer pursuant to this Agreement. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iiiii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iviii) an amount to indemnify the Master Servicer or the Servicers for amounts due in accordance with this Agreement, (viv) all amounts representing Prepayment Charges (payable to the Class P CertificateholdersCertificateholders in accordance with Section 4.02(j)), (viv) to reimburse the Master Servicer, the Securities Administrator, any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof and (viivi) any other amounts that each of the Depositor, Trustee, Master Servicer and the Securities Administrator is entitled to receive hereunder for reimbursement, indemnification or otherwise.

The Distribution Account. On each Remittance Date, the Master Servicer Securities Administrator shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing Agreements. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iiiii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iviii) an amount to indemnify the Master Servicer Servicer, the Securities Administrator, the Custodian or the Servicers for amounts due in accordance with this Agreement, (viv) all amounts representing Prepayment Charges (payable to the Class P CertificateholdersCertificateholders in accordance with Section 4.02(j)), (viv) to reimburse the Master Servicer, the Securities Administrator, the Custodian any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof and (viivi) any other amounts that each of the Depositor, Trustee, Master Servicer and Servicer, the Securities Administrator and the Custodian is entitled to receive hereunder for reimbursement, indemnification or otherwise.

The Distribution Account. On each Remittance Date, the Master Servicer Securities Administrator shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing Agreements. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iiiii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iviii) an amount to indemnify the Master Servicer Servicer, the Securities Administrator, the Custodian or the Servicers for amounts due in accordance with this Agreement, (v) all amounts representing Prepayment Charges (payable to the Class P Certificateholders), (viiv) to reimburse the Master Servicer, the Securities Administrator, the Custodian, any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof and hereof, (viiv) any other amounts that each of the Depositor, Trustee, Master Servicer and the Servicer, Securities Administrator and Custodian is entitled to receive hereunder for reimbursement, indemnification or otherwise.

The Distribution Account. On each Remittance Date, the Master Servicer shall deposit in the Distribution Account all funds remitted to it by the Servicers pursuant to the Servicing Agreements. The Securities Administrator may retain or withdraw from the Distribution Account, (i) the Master Servicing Fee, (ii) amounts necessary to reimburse the Servicers pursuant to the Servicing Agreements, (iiiii) amounts necessary to reimburse the Master Servicer for any previously unreimbursed Advances and any Advances the Master Servicer deems to be nonrecoverable from the related Mortgage Loan proceeds, (iviii) an amount to indemnify the Master Servicer or the Servicers for amounts due in accordance with this Agreement, (viv) all amounts representing Prepayment Charges (payable to the Class P Certificateholders), (viv) to reimburse the Master Servicer, any Servicer or the Trustee, as the case may be, for expenses reasonably incurred in respect of any breach or defect giving rise to the repurchase obligation of a Mortgage Loan Seller under a Transfer Agreement or the Sponsor under this Agreement that were included in the Repurchase Price of the Mortgage Loan, including any expenses arising out of the enforcement of the repurchase obligation, to the extent not otherwise paid pursuant to the terms hereof and (viivi) any other amounts that each of the Depositor, Trustee, Master Servicer and the Securities Administrator is entitled to receive hereunder for reimbursement, indemnification or otherwise.