Common use of Payments from Certificate Accounts Clause in Contracts

Payments from Certificate Accounts. (a) Amounts credited to any Certificate Account on any Distribution Date will be withdrawn pursuant to Subsection 4.03(a) by the Trustee for application towards the distributions required by the Trust Documents. The Trustee may consolidate funds in one or more Certificate Accounts prior to transfer to the applicable Paying Agent.

Appears in 4 contracts

Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement

AutoNDA by SimpleDocs

Payments from Certificate Accounts. (a) Amounts credited to any Certificate Account on any Distribution Date will be withdrawn pursuant to Subsection 4.03(a3.06(a) by the Trustee for application towards the distributions required by the Trust Documents. The Trustee may consolidate funds in one or more Certificate Accounts prior to transfer to the applicable Paying Agent.

Appears in 4 contracts

Samples: Remic Master Trust Agreement, Remic Master Trust Agreement, Remic Master Trust Agreement

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.