Disbursements From Collection Account Sample Clauses

Disbursements From Collection Account. (a) On each Payment Date, the Indenture Trustee shall pay the entire amount of money then on deposit in the Collection Account with respect to the related Collection Period, as indicated on the Monthly Statement, as applicable, to the Persons to which such money is then due, calculated on the basis of and in accordance with the Monthly Statement for the related Collection Period; provided, however, that in the event the Servicer fails to deliver a Monthly Statement by a Payment Date the Indenture Trustee shall, nevertheless, pay interest on each Class of Notes from the sources of funding set forth herein, in each case in an amount with respect to each Class equal to the product of (i) one-twelfth, (ii) the related Note Rate and (iii) the related Note Principal Balance, as reflected on the Monthly Statement most recently delivered by the Servicer (net of any principal payments in respect thereof on the immediately preceding Payment Date).
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Disbursements From Collection Account. On each Payment Date, the Indenture Trustee shall make the following disbursements by wire transfer from amounts then on deposit in the Collection Account:
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Disbursements From Collection Account. (a) On each Payment Date, unless a Restricting Event of which a Responsible Officer of the Indenture Trustee has actual knowledge, has occurred and is continuing, and prior to the declaration of an Event of Default hereunder, the Indenture Trustee shall pay from Available Funds then on deposit in Collection Account A until all such funds have been exhausted and then from Collection Account B, with respect to the related Collection Period, as indicated on the Monthly Statement, as applicable, to the Persons to which such money is then due, calculated on the basis of and in accordance with the Monthly Statement for the related Collection Period; PROVIDED, HOWEVER, that in the event the Servicer fails to deliver a Monthly Statement by a Payment Date the Indenture Trustee shall, nevertheless, in accordance with the priorities set forth in Section 3.04(b), pay interest on each Class of Notes from the sources of funding set forth herein, in each case in an amount with respect to each Class equal to the product of (i) one-twelfth (or, with respect to the initial Payment Date, as specified in the definition of "Interest Accrual Period"), (ii) the related Note Rate and (iii) the related Outstanding Note Principal Balance, as reflected on the Monthly Statement most recently delivered by the Servicer (net of any principal payments in respect thereof on the immediately preceding Payment Date). After the declaration of an Event of Default hereunder, the Indenture Trustee shall distribute Available Funds in accordance with Section 8.07 hereof.
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Disbursements From Collection Account. (a) On each Payment Date, the Indenture Trustee shall pay the entire amount of money then on deposit in the Collection Account with respect to the related Collection Period, as indicated on the Monthly Statement, as applicable, to the Persons to which such money is then due, calculated on the basis of and in accordance with the Monthly Statement for the related Collection Period; provided, however, that in the event the Servicer fails to deliver a Monthly Statement by a Payment Date
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Disbursements From Collection Account. (a) On each Payment Date, the Indenture Trustee shall pay the entire amount of money then on deposit in the Collection Account with respect to the related Collection Period, as indicated on the Monthly
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Disbursements From Collection Account. (a) On each Payment Date, the Trustee shall pay the entire amount of money then on deposit in the Collection Account with respect to the related Collection Period, as indicated on the Monthly Statement, pursuant to Section 6.06(b) or (c) hereof, as applicable, to the Persons to which such money is then due, calculated on the basis of and in accordance with the Monthly Statement for the related Collection Period; provided, however, that in the event the Servicer fails to deliver a Monthly Statement by a Payment Date the Trustee shall make the following payments in the following amounts (i) the Class A Certificate Interest due on such Payment Date pursuant to Section 6.06(b)(viii) in an amount equal to the product of (a) one-twelfth of the Class A Certificate Rate and (b) the Class A Certificate Principal Balance reflected on the Monthly Statement most recently delivered by the Servicer (net of any payments in respect thereof on the immediately preceding Payment Date), (ii) the Class B-1 Certificate Interest due on such Payment Date pursuant to Section 6.06(b)(ix) hereof in an amount equal to the product of (A) one-twelfth of the Class B-1 Certificate Rate and (B) the Class B-1 Certificate Principal Balance reflected on the Monthly Statement most recently delivered by the Servicer (net of any payments in respect thereof on the immediately preceding Payment Date), and (iii) the Class B-2 Certificate Interest due on such Payment Date pursuant to Section 6.06(b)(x) hereof in an amount equal to the product of (A) one-twelfth of the Class B-2 Certificate Rate and (B) the Class B-2 Certificate Principal Balance reflected on the Monthly Statement most recently delivered by the Servicer (net of any payments in respect thereof on the immediately preceding Payment Date).
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Disbursements From Collection Account. Prior to Payment of Principal and Interest due ---------------------------------------------- Servicer Fee $___________ Reinvestment Income (Collection Account) to Servicer $___________ Reimburse Servicer and Back-up Servicer pursuant to Section 3.09 of SV (for costs associated with Defaulted Leases) $___________ Pay Servicer any tax amounts deposited in Collection Account pursuant to Section 3.07 of SV $___________ Unreimbursed Servicer Advances now collected $___________ Non-recoverable Servicer Advances $___________ Trustee Fee $___________ Back-up Servicer Fee $___________ Bond Insurer Premium $___________ Back-up Servicer expenses approved by the Bond Insurer $___________ Total $___________ TOTAL BALANCE AVAILABLE FOR LENDER PAYMENTS $___________ Disbursements to Certificateholders ----------------------------------- Interest Distribution Amount (current and overdue) $___________ Principal Distribution Amount $___________ Portion covered by Policy, (for every Payment Date before Stated Maturity Date, only Interest due; for Stated Maturity Date, Interest due plus Outstanding Principal Balance) $___________ Preference Claim received under the Policy (Article 8 of T&SA) $___________ Additional principal after Trigger Event (Section 12.02(d)(ix) of T&SA) $___________ TOTAL BALANCE AVAILABLE FOR OTHER PAYMENTS $___________ -41- 42 Other Disbursements ------------------- Unpaid Bond Insurer amounts, if any $___________ Additional Servicer Fee, if any $___________ Successor Servicer and Trustee Transition Costs specified in 12.02(d)(viii) of T&SA $___________ To the Servicer amounts specified in 12.02(d)(x) of T&SA $___________ To the Servicer any unreimbursed Servicer Advances $___________ To Bond Insurer, amounts specified in the Insurance Agreement $___________ To Back-Up Servicer, amounts specified in 12.02(d)(xii) of T&SA $___________ To the Transferor, any excess amount remaining in the Collection Account $___________ Total deposited into the Collection Account, including payments from Bond Insurer $___________ Total disbursed from Collection Account $___________ ENDING BALANCE IN THE COLLECTION ACCOUNT $___________ SERVICER ADVANCES Amount of Scheduled Payments not received (includes both Scheduled Payments on Delinquent Leases as well as leases which have become Defaulted Leases in the current Monthly Period) $__________ Cumulative unreimbursed Servicer Advances as of the previous Servicer Remittance Date $__________ Plus Servicer Advances for the cu...
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Disbursements From Collection Account. (a) On each Payment Date, unless a Restricting Event of which a Responsible Officer of the Indenture Trustee has actual knowledge, has occurred and is continuing, and prior to the declaration of an Event of Default hereunder, the Indenture Trustee shall pay from Available Funds then on deposit in Collection Sub-Account A until all such funds have been exhausted and then from Collection Sub-Account B, with respect to the related Collection Period, as indicated on the Monthly Statement, as applicable, to the Persons to which such money is then due, calculated on the basis of and in accordance with the Monthly Statement for the related Collection Period; provided,
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Disbursements From Collection Account. (a) On each Payment Date prior to the declaration of an Event of Default hereunder, the Indenture Trustee shall pay the Available Funds then on deposit in the Collection Account with respect to the related Collection Period, as indicated on the Monthly Statement, as applicable, to the Persons to which such money is then due, calculated on the basis of and in accordance with the Monthly Statement for the related Collection Period; provided, however, that in the event the Servicer fails to deliver a Monthly Statement by a Payment Date the Indenture Trustee shall, nevertheless, in accordance with the priorities set forth in Section 3.05(b), pay interest on each Class of Notes from the sources of funding set forth herein, in each case in an amount with respect to each Class equal to the product of (i) one-twelfth (or, with respect to the Class A-1 Notes, a fraction, the numerator of which is the number of actual days in the related Interest Accrual Period, and the denominator of which is 360), (ii) the related Note Rate and (iii) the related Note Principal Balance, as reflected on the Monthly Statement most recently delivered by the Servicer (net of any principal payments in respect thereof on the immediately preceding Payment Date). After the declaration of an Event of Default hereunder, the Indenture Trustee shall distribute Available Funds in accordance with Section 8.07 hereof.
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Related to Disbursements From Collection Account

  • Distributions from Collection Account Subject to Section 8.2(e), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Collection Account and make deposits and payments, to the extent of Available Funds in the Collection Account for that Payment Date, in the following order of priority (pro rata within each priority level based on the amounts due except as otherwise stated):

  • Withdrawals from the Collection Account and Distribution 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 4.03:

  • Deposits to Collection Account The Servicer shall use its best efforts to deposit or cause to be deposited (without duplication), within two (2) Business Days after receipt thereof, into the Collection Account and retain therein in trust for the benefit of the Grantor Trust Holder:

  • Deposits to the Collection Account and Special Payments Account (a) The Subordination Agent shall, upon receipt thereof, deposit in the Collection Account all Scheduled Payments received by it (other than any Scheduled Payment which by the express terms hereof is to be deposited to a Cash Collateral Account).

  • Collection of Mortgage Loan Payments; Collection Account; Distribution Account (a) The Master Servicer shall enforce the obligation of the Servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with the applicable Servicing Agreement and the terms and provisions of any related Required Insurance Policy.

  • Collection Account (a) On the Closing Date, the Master Servicer shall open and shall thereafter maintain a segregated account held in trust (the “Collection Account”), entitled “Collection Account, Aurora Loan Services LLC, as Master Servicer, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2005-5.” The Collection Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Collection Account shall not be commingled with any other monies.

  • 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:

  • Collection Account and Distribution Account (a) On behalf of the Trust Fund, the Servicer shall establish and maintain, or cause to be established and maintained, one or more accounts (each such account or accounts, a “Collection Account”), held in trust for the benefit of the Trustee and the Certificateholders. On behalf of the Trust Fund, the Servicer shall deposit or cause to be deposited in the related clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Servicer’s receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of good funds into the clearing account, as and when received or as otherwise required hereunder, the following payments and collections received or made by it subsequent to the related Cut-off Date (other than in respect of principal or interest on the Mortgage Loans due on or before the related Cut-off Date, or payments (other than Principal Prepayments) received by it on or prior to the related Cut-off Date but allocable to a Due Period subsequent thereto):

  • Collection Accounts Section 3.11 Withdrawals from the Collection Accounts..................... Section 3.12 Investment of Funds in the Collection Accounts and the Distribution Account......................................... Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ Section 3.14 Enforcement of Due-on-Sale Clauses; Assumption Agreements.... Section 3.15

  • Payments to Collection Account On or before the applicable Cut-Off Date, the Servicer shall have instructed all Obligors to make all payments in respect of the Collateral Portfolio directly to the Collection Account; provided that the Servicer is not required to so instruct any Obligor which is solely a guarantor or other surety (or an Obligor that is not designated as the “lead borrower” or another such similar term) unless and until the Servicer calls on the related guaranty or secondary obligation.

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