Deposits into the Distribution Account Sample Clauses

Deposits into the Distribution Account. (a) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Revenue Account to the Distribution Account on each Annual Scheduled Payment Date in accordance with Section 4.1.2.
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Deposits into the Distribution Account. (a) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Revenue Account to the Distribution Account on each Annual Scheduled Payment Date in accordance with Section 4.1.2. (b) The Collateral Agent shall direct the Depositary Agent to transfer Account Funds from the Excess Cash Flow Account to the Distribution Account on each Annual Scheduled Payment Date in accordance with Section 4.15.2. (c) If on any Scheduled Payment Date or LOC Substitution Date the aggregate of all Available Debt Service Reserve Funds exceeds the then current Debt Service Reserve Amount, the Collateral Agent shall direct the Depositary Agent to transfer such excess from the Debt Service Reserve Account to the Distribution Account in accordance with Section 4.3.2. (d) Other than as set forth in clauses (a) through (c) of this Section 4.6.1, no deposits shall be made into the Distribution Account. 4.6.2
Sample 1

Related to Deposits into the Distribution Account

  • Certificate Distribution Account The Certificate Distribution Account shall be established as a non-interest bearing trust account pursuant to Section 4.1 of the Sale and Servicing Agreement. Funds on deposit in the Certificate Distribution Account shall be held uninvested. The Certificateholders shall possess all beneficial right, title and interest in and to all funds on deposit from time to time in the Certificate Distribution Account and all proceeds thereof. Except as otherwise provided herein, in the Indenture or in the Sale and Servicing Agreement, the Certificate Distribution Account shall be under the sole dominion and control of the Certificate Paying Agent for the benefit of the Certificateholders. If, at any time, the Certificate Distribution Account ceases to be an Eligible Account, the Servicer on behalf of the Issuer, shall, within ten (10) Business Days (or such longer period) after becoming aware of the fact, establish a new Certificate Distribution Account as an Eligible Account and shall direct the Certificate Paying Agent to transfer any cash then on deposit in the Certificate Distribution Account to such new Certificate Distribution Account.

  • 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:

  • Distribution Account (a) The Trustee shall establish and maintain in the name of the Trustee, for the benefit of the Certificateholders, the Distribution Account as a segregated trust account or accounts.

  • Permitted Withdrawals and Transfers from the Distribution Account (a) The Trustee will, from time to time on demand of the Master Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the Servicing Agreements or as the Securities Administrator has instructed hereunder for the following purposes (limited in the case of amounts due the Master Servicer to those not withdrawn from the Master Servicer Collection Account in accordance with the terms of this Agreement):

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