Common use of MONTHLY PREMIUM Clause in Contracts

MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1998-3 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-3 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1998-3 2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-3 2 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19982002-3 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19982002-3 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19981999-3 2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19981999-3 2 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19982004-3 1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19982004-3 1 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding AccountAccount or otherwise paid to the Insurer pursuant to the MBIA Master Account Agreement, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19981999-3 1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19981999-3 1 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

MONTHLY PREMIUM. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19982002-3 4 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (v) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19982002-3 4 Finance Charge Collections and (y) the portion of the monthly premium with respect to the Policy due on the Distribution Date in the next succeeding Monthly Period that has not been previously deposited in the Interest Funding Account plus any prior monthly premium with respect to the Policy that was due but not previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.