Deposits and Withdrawals from Accounts. (a) During the Pre-Default Period, the Custodian on behalf of the Indenture Trustee shall apply funds in the Buyer’s Account (i) to the purchase of Eligible Assets pursuant to Section 3 of the Master Repurchase Agreement, (ii) to the payment of Income to the Seller on each Repurchase Date and (iii) for the other purposes specified in the Master Repurchase Agreement. On each Repurchase Date, the Custodian on behalf of the Indenture Trustee shall, upon receipt, deposit the Repurchase Price received from, or on behalf of, the Seller into the Buyer’s Account net of the aggregate Price Differential received on such date (which shall be deposited into the Payment Account). After the 180-day period following the Closing Date, any such Repurchase Price on deposit in the Buyer’s Account for a period of thirty (30) days and not used to purchase Replacement Assets shall be withdrawn by the Custodian on behalf of the Indenture Trustee on the following Payment Date and deposited into the Payment Account prior to making the payments set forth in Section 6.1(d). The Indenture Trustee shall cease to purchase Replacement Assets on a Termination Date.
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Samples: Indenture (loanDepot, Inc.), Please Insert Social Security (loanDepot, Inc.), Indenture (loanDepot, Inc.)
Deposits and Withdrawals from Accounts. (a) 4. During the Pre-Default Period, the Custodian on behalf of the Indenture Trustee shall apply funds in the Buyer’s Account (i) to the purchase of Eligible Assets pursuant to Section 3 of the Master Repurchase Agreement, (ii) to the payment of Income to the Seller on each Repurchase Date and (iii) for the other purposes specified in the Master Repurchase Agreement. On each Repurchase Date, the Custodian on behalf of the Indenture Trustee shall, upon receipt, deposit the Repurchase Price received from, or on behalf of, the Seller into the Buyer’s Account net of the aggregate Price Differential received on such date (which shall be deposited into the Payment Account). After the 180-day period following the Closing Date, any such Repurchase Price on deposit in the Buyer’s Account for a period of thirty (30) days and not used to purchase Replacement Assets shall be withdrawn by the Custodian on behalf of the Indenture Trustee on the following Payment Date and deposited into the Payment Account prior 117791222 to making the payments set forth in Section 6.1(d). The Indenture Trustee shall cease to purchase Replacement Assets on a Termination Date.
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