Investment Premium Purchase Account. (i) From time to time, the Administrator will instruct the Indenture Trustee in writing to withdraw amounts from the Investment Premium Purchase Account, and utilize such amounts to pay for the purchase price in excess of par of any Eligible Investments related to the Accumulation Account. (ii) On each Distribution Date, the Administrator will instruct the Indenture Trustee in writing to (1) withdraw the Investment Premium Purchase Account Release Amount (including any Investment Earnings in the Investment Premium Purchase Account), (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.
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Samples: Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC), Administration Agreement (SLM Funding LLC)
Investment Premium Purchase Account. (i) From time to time, the Administrator will instruct the Indenture Trustee in writing to withdraw amounts from the Investment Premium Purchase Account, and utilize such amounts to pay for the purchase price in excess of par of any Eligible Investments related to the an Accumulation Account.
(ii) On each Distribution Date, the Administrator will instruct the Indenture Trustee in writing to (1) withdraw the Investment Premium Purchase Account Release Amount (including any Investment Earnings in the Investment Premium Purchase Account), (2) deposit such funds into the Collection Account, and (3) include such funds as Available Funds for that Distribution Date.
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