Common use of Expense Account Clause in Contracts

Expense Account. The Administrator shall instruct the Indenture Trustee to deposit funds into, and withdraw funds from, the Expense Account as set forth in Sections 5.5 and 5.6. Any funds remaining in the Expense Account upon termination of the Trust shall be distributed to the Master Servicer as additional servicing compensation.

Appears in 7 contracts

Samples: Transfer and Servicing Agreement (Crestar Bank /Va), Transfer and Servicing Agreement (PNC Bank National Association/), Transfer and Servicing Agreement (Crestar Bank /Va)

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Expense Account. The Administrator shall instruct the Indenture Trustee to deposit funds into, and withdraw funds from, the Expense Account as set forth in Sections 5.5 and 5.6. Any funds remaining in the Expense Account upon termination of the Trust shall be distributed to TWIC on behalf of the Master Servicer Servicers as additional servicing compensation.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Classnotes Inc), Second Supplemental Sale and Servicing Agreement (Classnotes Inc), Sale and Servicing Agreement (Classnotes Inc)

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Expense Account. The Administrator shall instruct the Indenture Trustee to deposit funds into, and withdraw funds from, the Expense Account as set forth in Sections 5.5 6.5 and 5.66.6. Any funds remaining in the Expense Account upon termination of the Trust Issuer shall be distributed to the Master Servicer as additional servicing compensation.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Crestar Securitization LLC)

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