Withdrawals from Trust Accounts Sample Clauses

Withdrawals from Trust Accounts. Amounts credited to the Trust Accounts on any Distribution Date shall be withdrawn by the Trustee for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date with respect to the Lower Tier Classes following distribution of the Lower Tier Distribution Amount for such month, such amounts may be withdrawn by the Trustee and applied as compensation to Xxxxxx Xxx for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.05 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC. In the event that amounts shall remain in Certificate Account in any month following the distribution of the Certificate Distribution Amount for such month, such amounts may be withdrawn by the Trustee and applied as compensation to Xxxxxx Xxx for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty obligations under Section 3.05 hereof. Any amount so withdrawn shall no longer be part of the Trust Fund.
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Withdrawals from Trust Accounts. Amounts credited to the Trust Accounts on any Distribution Date shall be withdrawn by Xxxxxx Mae for application towards the distributions required hereby.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 the final Distribution Date with respect to the Lower Tier Classes following distribution of the Lower Tier Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty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 Sections 2.04 and 3.04 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC. In the event that amounts shall remain in the REMIC Trust Account on the final Distribution Date with respect to the Group 1 Classes following the distribution of the Certificate Distribution Amount for the Group 1 Classes for such month, such amounts may be withdrawn by Xxxxxx Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty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. Any amount so withdrawn shall no longer be part of the Upper Tier REMIC. In the event that amounts shall remain in the Base Trust Account on the final Distribution Date with respect to the Group 2 or Group 3 Classes following the distribution of the Certificate Distribution Amount for the Group 2 or Group 3 Classes, respectively, 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.
Sample 1
Withdrawals from Trust Accounts. Amounts credited to the Trust Accounts 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 in any month following distribution of the Lower Tier 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 Sections 2.04 and 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.
Sample 1
Withdrawals from Trust Accounts. The Indenture Trustee shall not make any withdrawal from any Trust Account at the direction of the Servicer, except in accordance with the instructions contained in a Daily Report or Monthly Report delivered to the Indenture Trustee
Sample 1

Related to Withdrawals from Trust Accounts

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

  • 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 (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 Custodial Account (a) The Master Servicer may, from time to time as provided herein, make withdrawals from the Custodial Account of amounts on deposit therein pursuant to Section 3.07 that are attributable to the Mortgage Loans for the following purposes:

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • 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:

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

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