Withdrawals from the Certificate Account Sample Clauses

Withdrawals from the Certificate Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs
Withdrawals from the Certificate Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on any Distribution Date following payment of (i) the interest and principal distributions required hereby and (ii) any Guaranty Payment for such Distribution Date, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Section 3.04 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.
Sample 1Sample 2See All (5)
Withdrawals from the Certificate Account. Amounts on deposit in the Certificate Account on the Distribution Date for a Series shall be withdrawn by Farmer Mac, xx xxx amounts required, to the extent funds are available therefor, for application as follows: first, towards the distribution to Certificateholders of the Certificate Distribution Amount for such Distribution Date; second, to the payment of any Guarantee Reimbursement Amount; third, to the payment of any portion of the Guarantee Fee for such Distribution Date or any prior Distribution Date which has not otherwise been paid; and fourth, to the payment to Farmer Mac of xxx amounts remaining in the Certificate Account after the withdrawals referred to in clauses first through third above any such amounts being deemed to be payable to Farmer Mac as xxxxxnsation for its servicing activities hereunder and to the reimbursement of expenses incurred by it in connection herewith. In addition, on any Special Distribution Date for a Series Farmer Mac shaxx xxxhdraw from the related Certificate Account such amount as it shall have determined to distribute to Certificateholders on such Special Distribution Date.
Sample 1Sample 2
Withdrawals from the Certificate Account. (a) The Master Servicer shall, from time to time as provided herein, make withdrawals from the Certificate Account of amounts on deposit therein pursuant to Section 3.06 for the following purposes (without duplication):
Sample 1Sample 2
Withdrawals from the Certificate Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on any Distribution Date following distributions of the Certificate Distribution Amount, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Section 3.04 hereof; provided, however, that amounts may be withdrawn only to the extent that, after giving effect to such withdrawal, the Aggregate Certificate Principal Amount is not greater than the sum of (i) the aggregate Security Principal Balances of the GNMA Securities as of such Distribution Date and (ii) any amount remaining on deposit in the Certificate Account after giving effect to such withdrawal. Any amount so withdrawn shall no longer be a part of the Trust Fund.
Sample 1
Withdrawals from the Certificate Account. (a) The Servicer may, from time to time as provided herein, make withdrawals or the Trustee shall make such withdrawals at the request of the Servicer to be made from the Certificate Account of amounts deposited therein pursuant to Section 6.04 that are attributable to the Contracts for the following purposes:
Sample 1
Withdrawals from the Certificate Account. The rights of the Class B Certificateholders to receive distributions in respect of the Class B Certificates shall be and hereby are subordinated to the rights of the Class A Certificateholders to receive distributions in respect of the Class A Certificates as provided below. Amounts on deposit on any Distribution Date in any Certificate Account shall be withdrawn therefrom by the Calculation and Paying Agent, in the amounts required, to the extent funds are available therefor, for application as follows:
Sample 1
AutoNDA by SimpleDocs
Withdrawals from the Certificate Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Mae for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on any Distribution Date following distribution of the Certificate Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty obligations under Section 3.04 hereof; provided, however, that any Interest Reserve Amounts held in the Certificate Account pending distribution shall not be so withdrawn by Xxxxxx Xxx. Any amount so withdrawn shall no longer be a part of the REMIC Trust Fund. In the case of each Underlying Mortgage Loan as to which interest is calculated on an actual/360 basis, the related Interest Reserve Amounts received for each December Interest Accrual Period (other than in a year that immediately precedes a leap year) and January Interest Accrual Period shall be held in the Certificate Account for distribution on the first March Distribution Date that follows such Interest Accrual Period(s).
Sample 1

Related to Withdrawals from the Certificate Account

  • Distributions from the Certificate Account (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account, the Available Distribution Amount (other than the Class E Distributable Amount and the Class P Distributable Amount) with respect to each Mortgage Pool, and shall distribute such amount to the Holders of record of each Class of Certificates or Components, in the following order of priority:

  • Permitted Withdrawals from the Certificate Account (a) The Master Servicer may, from time to time, make withdrawals from the Certificate Account for the following purposes (limited, in the case of Servicer reimbursements, to cases where funds in the respective Custodial P&I Account are not sufficient therefor):

  • Permitted Withdrawals from the Certificate Account and the Distribution Account (a) The Master Servicer may (and, in the case of clause (ix) below, shall) from time to time make withdrawals from the Certificate Account for the following purposes but only to the extent of amounts related to the Combined Mortgage Loans or the Group 5 Mortgage Loans, as applicable to the particular withdrawal:

  • Withdrawals From the Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • The Certificate Account (a) On or prior to the Closing Date, the Trustee shall establish the Certificate Account, which shall be entitled “Washington Mutual Mortgage Securities Corp. Certificate Account under the Pooling and Servicing Agreement, dated as of January 1, 2005, among Washington Mutual Mortgage Securities Corp., as Depositor and Master Servicer, Deutsche Bank National Trust Company, as the Trustee, and Deutsche Bank Trust Company Delaware, as the Delaware Trustee, for the benefit of WaMu Mortgage Pass-Through Certificates Series 2005-AR2 Trust created pursuant thereto”. Promptly after the Closing Date, the Trustee shall communicate to the Master Servicer the account number and wiring instructions for the Certificate Account. Not later than the Business Day prior to the related Distribution Date, the Master Servicer shall direct the Investment Depository to deposit into the Certificate Account the amounts previously deposited into the Investment Account (which may include a deposit of Eligible Investments) to which the Holders of the REMIC I Regular Interests and the Class R-1 Residual Interest are entitled or which are necessary for payment of any Special Primary Insurance Premiums. In addition, not later than the Business Day prior to the Distribution Date, the Master Servicer shall deposit into the Certificate Account any Monthly P&I Advances or other payments required to be made by the Master Servicer pursuant to Section 4.02 of this Agreement and any Insurance Proceeds or Liquidation Proceeds (including amounts paid by the Company in respect of any Purchase Obligation) not previously deposited in the Custodial Accounts for P&I or the Investment Account, and any amounts paid by the Master Servicer in connection with the exercise of its option to terminate this Agreement pursuant to Section 9.01 or any other purchase of Mortgage Loans permitted by this Agreement.

  • 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:

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Certificate Account (a) The Master Servicer on behalf of the Trustee shall establish and maintain a Certificate Account in which the Master Servicer shall cause to be deposited on behalf of the Trustee on or before 2:00 P.M. New York time on each Certificate Account Deposit Date by wire transfer of immediately available funds an amount equal to the sum of (i) any Advance for the immediately succeeding Distribution Date, (ii) any amount required to be deposited in the Certificate Account pursuant to Section 3.12(a), (iii) any amount required to be deposited in the Certificate Account pursuant to Section 3.16(e) or Section 4.07, (iv) any amount required to be paid pursuant to Section 9.01 and (v) all other amounts constituting the Available Distribution Amount for the immediately succeeding Distribution Date.

  • Withdrawals From Escrow Account Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

  • 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:

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