Common use of Application of Funds in the Collection Account Clause in Contracts

Application of Funds in the Collection Account. The Master Servicer shall withdraw funds from the Collection Account for payments to the Note Payment Account pursuant to Section 6.01. In addition, the Master Servicer may prior to making the payment pursuant to Section 6.01 from time to time make withdrawals from the Collection Account for the following purposes:

Appears in 14 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (HomeBanc Mortgage Trust 2006-2)

AutoNDA by SimpleDocs

Application of Funds in the Collection Account. The Master Servicer shall withdraw funds from the Collection Account for payments to the Note Payment Certificate Account pursuant to Section 6.016.07. In addition, the Master Servicer may prior to making the payment payments pursuant to Section 6.01 6.07 from time to time make withdrawals from the Collection Account for the following purposes:

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (HomeBanc 2007-1), Pooling and Servicing Agreement (Homebanc Corp), Pooling and Servicing Agreement (Homebanc Corp)

AutoNDA by SimpleDocs

Application of Funds in the Collection Account. The Master Servicer shall withdraw funds from the Collection Account for payments to the Note Payment Distribution Account pursuant to Section 6.01. In addition, the Master Servicer may prior to making the payment pursuant to Section 6.01 from time to time make withdrawals from the Collection Account for the following purposes:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (TBALT Corp.), Pooling and Servicing Agreement (HMB Acceptance Corp.)

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