Common use of Distribution Account Clause in Contracts

Distribution Account. The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes: (i) to make distributions to Certificateholders in accordance with Section 4.01; (ii) to pay to itself and the Trustee amounts to which it is entitled pursuant to Section 8.05; (iii) to pay itself any interest income earned on funds deposited in the Distribution Account pursuant to Section 3.06; (iv) to reimburse itself pursuant to Section 7.01 and Section 7.02(b); (v) to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); and (vi) to clear and terminate the Distribution Account pursuant to Section 9.01.

Appears in 38 contracts

Samples: Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2004 W2), Pooling and Servicing Agreement (Argent Securities Inc Asset Back Pass THR Certs Ser 2003-W4), Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc Asst Back Ps THR Cert Ser 2003-2)

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Distribution Account. The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes: (i) to make distributions to Certificateholders in accordance with Section 4.01; (ii) to pay to itself and the Trustee amounts to which it is entitled pursuant to Section 8.05; (iii) to pay itself any interest income earned on funds deposited in the Distribution Account pursuant to Section 3.06; (iv) to reimburse itself pursuant to Section 7.01 and Section 7.02(b); (v) to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); and (vi) to clear and terminate the Distribution Account pursuant to Section 9.01.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc Asset Bk Pas THR Cert Se 2004 R3), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Asset-Backed Pass-Through Certificates Series 2004-Ia1), Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc as Bk Pas THR Cers Ser 2004 Fr1)

Distribution Account. The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes: (i) to make distributions to Certificateholders in accordance with Section 4.01; (ii) to pay to itself and the Trustee amounts to which it is entitled pursuant to Section 8.05; (iii) to pay itself any interest income earned on funds deposited in the Distribution Account pursuant to Section 3.06; (iv) to reimburse itself pursuant to Section 7.01 and Section 7.02(b); (v) to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); (vi) [reserved]; and (vivii) to clear and terminate the Distribution Account pursuant to Section 9.01.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R1), Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2005-R2)

Distribution Account. The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes: (i) to make distributions to Certificateholders in accordance with Section 4.01; (ii) to pay to itself and the Trustee amounts to which it is entitled pursuant to Section 8.05; (iii) to pay itself any interest income earned on funds deposited in the Distribution Account pursuant to Section 3.06; (iv) to reimburse itself pursuant to Section 7.01 and Section 7.02(b); (v) to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); and; (vi) to clear and terminate the Distribution Account pursuant to Section 9.01; and (vii) to pay the PMI Insurer the PMI Insurer Fee.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc as Bk Ps THR CRTS Se 02-4)

Distribution Account. The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes: (i) to make distributions to Certificateholders in accordance with Section 4.01; (ii) to pay to itself and the Trustee amounts to which it is entitled pursuant to Section 8.05;; 84 (iii) to pay itself any interest income earned on funds deposited in the Distribution Account pursuant to Section 3.06; (iv) to reimburse itself pursuant to Section 7.01 and Section 7.02(b); (v) to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); and (vi) to clear and terminate the Distribution Account pursuant to Section 9.01.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2004-W1)

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Distribution Account. The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes: (i) to make distributions to the Swap Account in accordance with Section 4.09; (ii) to make distributions to Certificateholders and the Guarantor in accordance with Section 4.01; (iiiii) to pay to itself and the Trustee amounts to which it is entitled pursuant to Section 8.05; (iiiiv) to pay itself any interest income earned on funds deposited in the Distribution Account pursuant to Section 3.06; (ivv) to reimburse itself pursuant to Section 7.01 and Section 7.02(b); (vvi) to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); (vii) [reserved]; and (viviii) to clear and terminate the Distribution Account pursuant to Section 9.01.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2005-Wcw2)

Distribution Account. The Trustee shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes: (i) to make distributions to Certificateholders and the Certificate Insurer in accordance with Section 4.01; (ii) to pay to itself and the Trustee amounts to which it is entitled pursuant to Section 8.05; (iii) to pay itself any interest income earned on funds deposited in the Distribution Account pursuant to Section 3.06; (iv) to reimburse itself pursuant to Section 7.01 and Section 7.02(b); (v) to pay any amounts in respect of taxes pursuant to Section 10.01(g)(iii); (vi) to pay each PMI Insurer the related PMI Insurer Fee; and (vivii) to clear and terminate the Distribution Account pursuant to Section 9.01.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc)

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