Common use of Expense Account Clause in Contracts

Expense Account. The Administrator shall instruct the Indenture Trustee to deposit funds into, and withdraw funds from, the Expense Account as set forth in Sections 5.5 and 5.6. Any funds remaining in the Expense Account upon termination of the Trust shall be distributed to the Master Servicer as additional servicing compensation.

Appears in 7 contracts

Samples: Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (PNC Bank National Association/)

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Expense Account. The Administrator shall instruct the Indenture Trustee to deposit funds into, and withdraw funds from, the Expense Account as set forth in Sections 5.5 6.5 and 5.66.6. Any funds remaining in the Expense Account upon termination of the Trust Issuer shall be distributed to the Master Servicer as additional servicing compensation.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Crestar Securitization LLC)

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