Common use of DISTRIBUTIONS OF PREMIUM AND INDEMNIFIED AMOUNTS Clause in Contracts

DISTRIBUTIONS OF PREMIUM AND INDEMNIFIED AMOUNTS. On each Premium Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Insurer pursuant to Sections 1.4(b)(ii) and 1.4(c)(iii) in respect of accrued and unpaid Premium for the prior calendar month shall be paid to the Insurer’s Account and on each Draw Date, Collections on deposit in the Liquidation Account for the benefit of an Indemnified Party pursuant to Section 1.4(b)(ii) shall be paid to the applicable Indemnified Party as directed by such Indemnified Party;

DISTRIBUTIONS OF PREMIUM AND INDEMNIFIED AMOUNTS. On each Premium Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Insurer pursuant to Sections SECTIONS 1.4(b)(ii) and 1.4(c)(iii) in respect of accrued and unpaid Premium for the prior calendar month shall be paid to the Insurer’s 's Account and on each Draw Date, Collections on deposit in the Liquidation Account for the benefit of an Indemnified Party pursuant to Section SECTION 1.4(b)(ii) shall be paid to the applicable Indemnified Party as directed by such Indemnified Party;

DISTRIBUTIONS OF PREMIUM AND INDEMNIFIED AMOUNTS. On each Premium Payment Date, Collections held on deposit in the Liquidation Account for the benefit of the Insurer pursuant to Sections 1.4(b)(iiSECTIONS 1.4(B)(II) and 1.4(c)(iii1.4(C)(III) in respect of accrued and unpaid Premium for the prior calendar month shall be paid to the Insurer’s 's Account and on each Draw Date, Collections on deposit in the Liquidation Account for the benefit of an Indemnified Party pursuant to Section 1.4(b)(iiSECTION 1.4(B)(II) shall be paid to the applicable Indemnified Party as directed by such Indemnified Party;