From the Multi-Purpose Payment Account Sample Clauses

From the Multi-Purpose Payment Account. (i) On the Build-Out Prepayment Date, the Borrower, pursuant to an Accounts Withdrawal Certificate delivered to the Depositary Bank, shall instruct the Depositary Bank to make the following transfers of funds from the Multi-Purpose Payment Account, in the amounts and to the Persons set forth in such Accounts Withdrawal Certificate and in the order of priority as follows:
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Related to From the Multi-Purpose Payment Account

  • 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:

  • Payment Account (a) On or prior to the Closing Date, the Property Trustee shall establish the Payment Account. The Property Trustee and any agent of the Property Trustee shall have exclusive control and sole right of withdrawal with respect to the Payment Account for the purpose of making deposits in and withdrawals from the Payment Account in accordance with this Trust Agreement. All monies and other property deposited or held from time to time in the Payment Account shall be held by the Property Trustee in the Payment Account for the exclusive benefit of the Securityholders and for distribution as herein provided, including (and subject to) any priority of payments provided for herein.

  • 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:

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