Common use of Accounts Payments Statements to Noteholders Clause in Contracts

Accounts Payments Statements to Noteholders. 27 SECTION 5.1. Accounts; Lock-Box Account............................................................27 SECTION 5.2. Collections...........................................................................29 SECTION 5.3. Application of Collections............................................................29 SECTION 5.4. Intentionally Omitted.................................................................30 SECTION 5.5. Additional Deposits...................................................................30 SECTION 5.6. Payments; Policy Claims...............................................................30 SECTION 5.7. Statements to Noteholders; Tax Returns................................................35 SECTION 5.8. Reliance on Information from the Servicer.............................................38 SECTION 5.9. Optional Deposits by the Note Insurer.................................................38 SECTION 5.10. Spread Account........................................................................38 SECTION 5.11. Withdrawals from Spread Account.......................................................39 SECTION 5.12. Demand Note...........................................................................39 SECTION 5.13. Pre-Funding Account...................................................................40 SECTION 5.14. Capitalized Interest Account..........................................................41 SECTION 5.15. Securities Accounts...................................................................41 ARTICLE VI THE POLICY 42