Common use of Withdrawals from the Equalization Account Clause in Contracts

Withdrawals from the Equalization Account. On any Business Day during the Revolving Period on which Servicer delivers a Daily Report to the Trustee and the Agent and no Early Amortization Event or Unmatured Early Amortization Event exists, Servicer may instruct Trustee in writing to withdraw funds from the Equalization Account and apply such funds as Daily Series Collections, so long as the Net Invested Amount would not exceed the Base Amount after giving effect to such transfer and application. On the first day of the Amortization Period or an Early Amortization Period, Servicer shall instruct Trustee to transfer the entire balance in the Equalization Account to the Principal Funding Account.

Withdrawals from the Equalization Account. On any Business Day during the Revolving Period on which Servicer delivers a Daily Report to the Trustee and the Agent and no Early Amortization Event (or Unmatured Early Amortization Event Event) exists, Servicer may instruct Trustee in writing to withdraw (and upon receipt of such instruction Trustee shall withdraw) funds from the Equalization Account with respect to Series 1998-1 and apply such funds as Daily Series Collections, so long as the Net Invested Amount would not exceed the Base Amount after giving effect to such transfer and application. On the first day of the Amortization Period or an Early Amortization Period, Servicer shall instruct Trustee to transfer (and Trustee shall transfer) the entire balance in the Equalization Account to the Principal Funding Account.