Deposits and Payments to Holders. Section 6.01. The Collection Account Section 6.02. Payments from the Collection Account
Deposits and Payments to Holders. Section 6.01. The Note Payment Account 100 Section 6.02. Payments from the Note Payment Account 101 Section 6.03. Control of the Trust Account 105 Section 6.04. Monthly Advances by Master Servicer and Servicer 109 Section 7.01. Duties of the Securities Administrator 109 Section 7.02. Records 110 Section 7.03. Compensation and Indemnity 110 Section 7.04. Additional Information to be Furnished to the Issuer 111 Section 7.05. Independence of the Securities Administrator 111 Section 7.06. No Joint Venture 111 Section 7.07. Other Activities of Securities Administrator 111 Section 7.08. Resignation and Removal of Securities Administrator 111 Section 7.09. Action upon Termination, Resignation or Removal of the Securities Administrator 113
Deposits and Payments to Holders. Section 6.01. The Collection Account.......................................116 Section 6.02. Payments from the Collection Account.........................116 Section 6.03. [Reserved]...................................................130 Section 6.04. Control of the Trust Account and Deferred Interest...........130 Section 6.05. Advances by Master Servicer and Servicer.....................134 Section 6.06. The Interest Rate Cap Agreements.............................135 Section 6.07. [Class AF-5B] Policy; Rights of the [Class AF-5B] Insurer....136
Deposits and Payments to Holders. Section 5.01. The Collection Account.......................................93 Section 5.02. Payments from the Collection Account.........................93 Section 5.03. [Reserved]..................................................107 Section 5.04. Control of the Trust Account and Deferred Interest..........107 Section 5.05.
Deposits and Payments to Holders. Section 4.1 Deposits and Payments from the Trust Accounts.
Section 4.2 Method of Distribution. 98 Section 4.3 [Reserved]
Deposits and Payments to Holders. Section 6.01. The Note Payment Account. 106
Deposits and Payments to Holders. Section 6.01. The Collection Account. 100 Section 6.02. Payments from the Collection Account. 100 Section 6.03. Net Swap Payments and Net Swap Receipts. 109 Section 6.04. Control of the Trust Account and Deferred Interest. 110 Section 6.05. Advances by Master Servicer and Servicer. 113 Section 6.06. Pre-Funding Account. 114 Section 6.07. Establishment of Basis Risk Reserve Account. 115 Section 7.01. Duties of the Trust Administrator. 115
Section 7.02. Duties of the Trust Administrator With Respect to the Indenture, the Trust Agreement and this Agreement. 117 Section 7.03. Records. 118 Section 7.04. Compensation. 118 Section 7.05. Additional Information to be Furnished to the Issuing Entity. 118 Section 7.06. Independence of the Trust Administrator. 118 Section 7.07. No Joint Venture. 118 Section 7.08. Other Activities of Trust Administrator and the Depositor. 119 Section 7.09. Resignation and Removal of Trust Administrator. 119 Section 7.10. Action upon Termination, Resignation or Removal of the Trust Administrator. 120
Deposits and Payments to Holders. Section 5.01 Servicing Accounts. 60 Section 5.02 Collection Account. 62 Section 5.03 Permitted Withdrawals and Transfers from the Collection Account. Section 5.04 The Note Account. 65 Section 5.05 Cap Account. 66 Section 5.06 Payments from the Note Account.
Deposits and Payments to Holders. Deposits and Payments from the Trust Accounts. 90
Deposits and Payments to Holders. Section 4.1 Deposits and Payments from the Trust Accounts.
(a) On each Payment Date the Administrator, as Paying Agent and on behalf of the Indenture Trustee, shall retain in the Note Payment Account, or deposit into the Certificate Distribution Account, as applicable, and to the extent of funds on deposit in the Note Payment Account, the Total Remittance Amount and shall distribute such amount as specified in this Section.
(b) On each Payment Date, the Administrator shall pay the Interest Remittance Amount for such date in the following order of priority:
(i) [to the Swap Counterparty, the amount of any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty for such Payment Date (including amounts remaining unpaid for previous Payment Dates) pursuant to the Swap Agreement (to the extent that any such Swap Termination Payment is not due to a Swap Counterparty Trigger Event);]
(ii) concurrently, in proportion to the amount of Accrued Note Interest applicable to each such Class, to the Senior Notes, Accrued Note Interest for each such Class and such Payment Date;
(iii) to the Class [M] Notes, Accrued Note Interest for such Class and such Payment Date;
(iv) to the Class [B] Notes, Accrued Note Interest for such Class and such Payment Date;
(v) [to the Credit Risk Manager, the Credit Risk Manager’s Fee for such Payment Date;]
(vi) to the Indenture Trustee, any amounts reimbursable pursuant to this Agreement and not previously reimbursed to the Indenture Trustee due to application of the limitations on amounts reimbursable in any Anniversary Year; and
(vii) for application as part of Monthly Excess Cashflow for such Payment Date, as provided in subsection (d) of this Section, any Interest Remittance Amount remaining after application pursuant to clauses (i) through (vi) above. [To be provided in accordance with the specific structure of each takedown.]
(c) On each Payment Date, the Administrator shall pay the Principal Payment Amount for such date as follows:
(i) On each Payment Date (a) prior to the Stepdown Date or (b) with respect to which a Trigger Event is in effect, the Administrator shall make the following payments, in the following order of priority:
(A) [to the Swap Counterparty, any Net Swap Payment or Swap Termination Payment owed to the Swap Counterparty (to the extent payable but not paid from the Interest Remittance Amount pursuant to subsection 4.1(b)(i) above);]
(B) to the Class [A] Notes, sequentially, in that order, in red...
