DISTRIBUTIONS FROM THE COLLECTION ACCOUNT Sample Clauses

DISTRIBUTIONS FROM THE COLLECTION ACCOUNT. (a) On each Distribution Date the Trust Administrator (or the Paying Agent on behalf of the Trustee) shall withdraw from the Collection Account the Total Distribution Amount (to the extent such amount is on deposit in the Collection Account) and shall allocate such amount to the interests issued in respect of REMIC 1, REMIC 2, REMIC 3 and REMIC 4 and shall distribute such amount as specified in this Section. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in this Section shall be made concurrently.
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DISTRIBUTIONS FROM THE COLLECTION ACCOUNT. In accordance with the Availability Report delivered to Lender and the Collateral Agent by the Servicer on the Determination Date and approved by Lender (as set forth in Section 4.9 of the Sale and Servicing Agreement), all funds on deposit in the Collection Account shall be distributed on each Settlement Date by the Collateral Agent as follows:
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DISTRIBUTIONS FROM THE COLLECTION ACCOUNT. The Liquidating Trustee shall make distributions from the Collection Account to the Beneficiaries listed in the Register as of the applicable Record Date in accordance with and subject to the distribution and priority scheme set forth in the Plan, subject to the provisions contained herein relating to the Distribution Reserve, the Litigation Account, the Trust/IRA Account and the Holding Account.
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DISTRIBUTIONS FROM THE COLLECTION ACCOUNT 
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Related to DISTRIBUTIONS FROM THE COLLECTION ACCOUNT

  • Distributions from Collection Account Subject to Section 8.2(e), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Collection Account and make deposits and payments, to the extent of Available Funds in the Collection Account for that Payment Date, in the following order of priority (pro rata within each priority level based on the amounts due except as otherwise stated):

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Withdrawals from the Collection Account and Distribution Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.03:

  • Deposits to the Collection Account On behalf of the Trust Fund, the Master Servicer shall deposit or cause to be deposited in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Master Servicer's receipt thereof, and shall thereafter deposit in the Collection Account, in no event more than two Business Days after the deposit of such funds into the clearing account, as and when received or as otherwise required hereunder, and retain therein, the following payments and collections received or made by it subsequent to the Cut-off Date with respect to the Mortgage Loans, or payments (other than Principal Prepayments) received by it on or prior to the Cut-off Date but allocable to a Due Period subsequent thereto:

  • Collection of Mortgage Loan Payments; Collection Account; Distribution Account (a) The Master Servicer shall enforce the obligation of the Servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with the applicable Servicing Agreement and the terms and provisions of any related Required Insurance Policy.

  • Distributions from the Certificate Account (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Available Distribution Amount with respect to each Mortgage Pool, and shall distribute such amount to the Holders of record of each Class of Certificates, in the following order of priority:

  • 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:

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

  • The Collection Account (a) The Trust Administrator shall establish and maintain in the name of the Notes Intermediary the Collection Account as provided in Section 5.07, which account shall be pledged to the Indenture Trustee for the benefit of the Noteholders.

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