Withdrawals from Note Distribution Account. On each Distribution Date, the Indenture Trustee shall liquidate the Permitted Investments in which amounts on deposit in the Note Distribution Account are invested and distribute all net investment earnings to the Servicer and, to the extent funds are available in the Note Distribution Account, the Indenture Trustee (based on the information contained in the Master Servicer Certificate for such Distribution Date) shall make the following withdrawals from the Note Distribution Account by 10:00 a.m. (New York City time) on such Distribution Date, in the following order of priority:
Appears in 5 contracts
Samples: Sale and Servicing Agreement (Mego Financial Corp), Insurance Agreement (Mego Financial Corp), Sale and Servicing Agreement (Mego Mortgage Corp)
Withdrawals from Note Distribution Account. On each Distribution Date, the Indenture Trustee shall liquidate the Permitted Eligible Investments in which amounts on deposit in the Note Distribution Account are invested and distribute all net investment earnings to the Servicer Mego and, to the extent funds are available in the Note Distribution Account, the Indenture Trustee (based on the information contained in the Master Servicer Certificate for such Distribution Date) shall make the following withdrawals from the Note Distribution Account by 10:00 a.m. (New York City time) on such Distribution Date, in the following order of priority:
Appears in 2 contracts
Samples: Insurance Agreement (Mego Mortgage Corp), Insurance Agreement (Mego Financial Corp)
