Common use of Draws During Rapid Amortization Period Clause in Contracts

Draws During Rapid Amortization Period. During the Rapid Amortization Period, any Excluded Draws shall not be Additional Balances, and the ownership of the related balances shall be retained by the Seller. Payments and collections allocable pursuant to Section 3.04 to an Excluded Draw shall not be deposited into the Custodial Account, the Distribution Account or the Note Payment Account, and shall be distributed by the Servicer to the Seller no less frequently than monthly in accordance with reasonable instructions provided by the Seller.

Draws During Rapid Amortization Period. During the Rapid Amortization Period, any Excluded Draws Amounts shall not be Additional Balances, and the ownership of the related balances such Excluded Amounts shall be retained by the SellerSeller except as provided herein. Payments and collections allocable pursuant to Section 3.04 2.4 to an Excluded Draw Amount shall not be deposited into the Custodial Account, the Distribution Account or the Note Payment Account, and shall be distributed by the Servicer to the Seller no less frequently than monthly in accordance with reasonable instructions provided by the Seller.

Draws During Rapid Amortization Period. During the Rapid Amortization Period, any Excluded Draws Amounts shall not be Additional Balances, and the ownership of the related balances shall be retained by the Seller. Payments and collections allocable pursuant to Section 3.04 to an Excluded Draw Amount shall not be deposited into the Custodial Account, the Distribution Account or the Note Payment Account, and shall be distributed by the Servicer to the Seller no less frequently than monthly in accordance with reasonable instructions provided by the Seller.

Draws During Rapid Amortization Period. During the Rapid ---------------------------------------- Amortization Period, any Excluded Draws shall not be Additional Balances, and the ownership of the related balances shall be retained by the Seller. Payments and collections allocable pursuant to Section 3.04 to an Excluded Draw shall not be deposited into the Custodial Account, the Distribution Account or the Note Payment Account, and shall be distributed by the Servicer to the Seller no less frequently than monthly in accordance with reasonable instructions provided by the Seller.

Draws During Rapid Amortization Period. During the Rapid Amortization Period, any Excluded Draws Draw shall not be Additional Balances, and the ownership of the related balances such Excluded Draws shall be retained by the SellerSeller except as provided herein. Payments and collections allocable pursuant to Section 3.04 2.4 to an Excluded Draw shall not be deposited into the Custodial Account, the Distribution Account or the Note Payment Account, and shall be distributed by the Servicer to the Seller no less frequently than monthly in accordance with reasonable instructions provided by the Seller.