Common use of Calculations and Distributions; Withdrawals from the Reserve Account Clause in Contracts

Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such Payment Date. (b) On or before two Business Days before a Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such Payment Date pursuant to Section 8.2 of the Indenture.

Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such the Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such the Payment Date. (b) On or before two Business Days before a Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such the Payment Date pursuant to under Section 8.2 of the Indenture.

Calculations and Distributions; Withdrawals from the Reserve Account. (a) On or before two Business Days before a Payment Date, the Servicer will calculate the Reserve Account Draw Amount for such following Payment Date and will instruct the Indenture Trustee to withdraw from the Reserve Account and deposit the Reserve Account Draw Amount into the Collection Account on or before such Payment Date. (b) On or before two Business Days before a Payment Date, the Servicer will instruct the Indenture Trustee (based on the most recent Monthly Investor Report) to make the withdrawals, deposits, distributions and payments required to be made on such Payment Date pursuant to Section 8.2 of the Indenture.