ASSET SALE ACCOUNT Sample Clauses

ASSET SALE ACCOUNT. Borrower hereby requests that Administrative Agent instruct Depositary to withdraw from the Asset Sale Account the following amounts and to apply such amounts to the following uses on , 20 (check each that applies): o Transfer $ to the Repayment Account. [Only if Sale Proceeds are less than $50,000:] [If such sale occurred prior to Commercial Operation:] o Transfer $ to the Construction Account. [If such sale occurred after Commercial Operation:] o Transfer $ to the Revenue Account.
Sample 1
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ASSET SALE ACCOUNT. The Company shall deposit all Net Proceeds in the Asset Sale Account within five (5) days after receipt of same. In addition, the Company shall transfer to the Asset Sale Account any cash proceeds held in Star Bank Account #19-0170A (if such account does not become the Asset Sale Account) as of the Issue Date.
Sample 1
ASSET SALE ACCOUNT. MRT and the Subsidiaries shall deposit all Cash Asset Sale Proceeds in the Asset Sale Account upon receipt by MRT or any Subsidiary or their agent, subject to their right to receive and use such proceeds as more fully set forth in Sections 4.11 and 4.12 of the Indenture. MRT and the Subsidiaries hereby grant, assign and transfer to the Collateral Agent, as security for the Liabilities, a lien and security interest in the Asset Sale Account.
Sample 1

Related to ASSET SALE ACCOUNT

  • Collection Account (a) On the Closing Date, the Master Servicer shall open and shall thereafter maintain a segregated account held in trust (the “Collection Account”), entitled “Collection Account, Aurora Loan Services LLC, as Master Servicer, in trust for the benefit of the Holders of Structured Asset Investment Loan Trust Mortgage Pass-Through Certificates, Series 2005-5.” The Collection Account shall relate solely to the Certificates issued by the Trust Fund hereunder, and funds in such Collection Account shall not be commingled with any other monies.

  • Permitted Withdrawals From the Loan Combination Custodial Account (a) The Master Servicer may make withdrawals from the Loan Combination Custodial Account for each Serviced Loan Combination only as described below (the order set forth below not constituting an order of priority for such withdrawals), subject to the application of Penalty Charges and Modification Fees in accordance with the related Co-Lender Agreement and Section 3.14 of this Agreement:

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

  • Yield Supplement Account On the Closing Date, the Seller will deposit the Yield Supplement Account Deposit to the Yield Supplement Account from the net proceeds of the sale of the Notes. The Yield Supplement Account shall be the property of the Issuer subject to the rights of the Indenture Trustee for the benefit of the Securityholders.

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account 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 and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Trust Account Proceeds Prior to the liquidation of the Trust Account in the event the Company has not completed a Business Combination as required by its Charter Documents (the “Termination Date”), interest income on the funds held in the Trust Account may be released to the Company from the Trust Account in accordance with the terms of the Trust Agreement to pay any taxes incurred by the Company, all as more fully described in the Prospectus.

  • 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:

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