Deposits to and Withdrawals from the Reserve Account Sample Clauses

Deposits to and Withdrawals from the Reserve Account. On or before the initial Borrowing Date, the Borrower shall deposit or cause to be deposited in the Reserve Account, the Reserve Account Deposit Amount. Such deposit may be made by instruction from the Borrower to the Collateral Agent to withhold from the initial Loan an amount equal to such Reserve Account Deposit Amount and deposit such amount to the Reserve Account on such date. The Borrower shall deposit into the Reserve Account all amounts which are required to be deposited therein by this Agreement. The Collateral Agent shall withdraw from the Reserve Account all amounts required to be withdrawn therefrom pursuant to Section 3.3(b) and shall apply such amounts as required by Section 3.3(b).
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Deposits to and Withdrawals from the Reserve Account. On or prior to the Closing Date, the Debtor shall deposit or cause to be deposited in the Reserve Account, the Required Reserve Account Balance. The Debtor shall deposit into the Reserve Account all amounts which are required to be deposited therein by this Agreement. The Reserve Account Agent shall promptly withdraw from the Reserve Account all amounts required to be withdrawn therefrom pursuant to Section 5.1(b) hereof, and shall remit such amounts to the Collateral Agent. Prior to the occurrence of a Termination Event and to the extent that amounts on deposit in the Reserve Account on any Remittance Date, after giving effect to any required withdrawals therefrom on such day, exceed the Required Reserve Account Balance, such excess amounts shall be withdrawn from the Reserve Account by the Reserve Account Agent and be deposited by the Reserve Account Agent in the Collection Account and shall constitute part of Available Funds for the next succeeding Remittance Date.
Deposits to and Withdrawals from the Reserve Account. On or prior to the date of the Initial Funding, the Debtor shall deposit or cause to be deposited in the Reserve Account, the Initial Reserve Account Deposit. Such deposit may be made by instruction from the Debtor to the Deal Agent to withhold from the Initial Funding an amount equal to such Initial Reserve Account Deposit and deposit such amount to the Reserve Account on such date. The Debtor shall deposit into the Reserve Account all amounts which are required to be deposited therein by this Agreement. The Deal Agent shall promptly withdraw from the Reserve Account all amounts required to be withdrawn therefrom pursuant to Section 5.1(b) and 5.1(c) hereof, and shall either (i) pay such amounts to the Company (in the case of withdrawals pursuant to Section 5.1(b)) or (ii) remit such amounts to the Collateral Agent (in the case of withdrawals therefrom pursuant to Section 5.1(c)). Prior to the occurrence of a Termination Event and at any time during which an Incipient Coverage Shortfall does not exist and to the extent that amounts on deposit in the Reserve Account on any Remittance Date, after giving effect to any required withdrawals therefrom on such day, exceed the Required Reserve Account Balance, such excess amounts shall be withdrawn from the Reserve Account by the Deal Agent and be deposited by the Deal Agent in the Collection Account and shall constitute part of the funds available for application pursuant to Section 5.1(a) for the next succeeding Remittance Date. From and after the occurrence of a Termination Event the Deal Agent may withdraw any and all amounts on deposit in the Reserve Account in accordance with the provisions of Section 5.1 to be applied in the Deal Agent's discretion to reduce the Net Investment or to pay the Carrying Costs accrued and to accrue on such reduction in the Net Investment.
Deposits to and Withdrawals from the Reserve Account. On or prior to the Closing Date, the Debtor shall deposit or cause to be deposited in the Reserve Account, the Required Reserve Account Balance. The Debtor shall deposit into the Reserve Account all amounts which are required to be deposited therein by this Agreement. The Reserve Account Agent shall promptly withdraw from the Reserve Account all amounts required to be withdrawn therefrom pursuant to Section 5.1(b) and 5.1(c) hereof, and shall either (i) pay such amounts to the Company (in the case of withdrawals pursuant to Section 5.1(b)) or (ii) remit such amounts to the Collateral Agent (in the case of withdrawals therefrom pursuant to Section 5.1(c)). Prior to the occurrence of a Termination Event and to the extent that amounts on deposit in the Reserve Account on any Remittance Date, after giving effect to any required withdrawals therefrom on such day, exceed the Required Reserve Account Balance, such excess amounts shall be withdrawn from the Reserve Account by the Reserve Account Agent and be deposited by the Reserve Account Agent in the Collection Account and shall constitute part of Available Funds for the next succeeding Remittance Date.

Related to Deposits to and Withdrawals from the Reserve Account

  • Permitted Withdrawals from the Custodial Account (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes:

  • Withdrawals From Escrow Account Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Servicer only:

  • Permitted Withdrawals From Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Permitted Withdrawals from the Certificate Account and the Distribution Account (a) The Master Servicer may (and, in the case of clause (ix) below, shall) from time to time make withdrawals from the Certificate Account for the following purposes but only to the extent of amounts related to the Combined Mortgage Loans or the Group 5 Mortgage Loans, as applicable to the particular withdrawal:

  • Permitted Withdrawals from the Certificate Account (a) The Master Servicer may, from time to time, make withdrawals from the Certificate Account for the following purposes (limited, in the case of Servicer reimbursements, to cases where funds in the respective Custodial P&I Account are not sufficient therefor):

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Withdrawals From the Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

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