Distributions from Collection Account. On each Payment Date the Owner Trustee (based solely on the information contained in the Servicer's monthly payment instructions referred to in Sections 7.05(a) or (b), as applicable, of the Pooling Agreement) shall make the distributions and payments from the Available Amounts on deposit in the Collection Account to the parties, for the purposes and in the order of priorities specified in such Sections 7.05(a) or (b) of the Pooling Agreement, as applicable.
Appears in 6 contracts
Samples: Trust Agreement (Ace Securities Corp), Trust Agreement (NCT Funding Co LLC), Trust Agreement (Asset Backed Securities Corp)
