Common use of Other Payments from Certificate Accounts Clause in Contracts

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account: (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due and (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Servicer, any Servicing Fee, LPMI Charges, any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Servicer as reimbursement of any unreimbursed Delinquency Advances, provided that the Master Servicer or such Direct Servicer, as applicable, effected the payment of such Delinquency Advances from its own corporate funds; (g) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (h) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account: (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due and (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Servicer, any Servicing Fee, LPMI Charges, Charges and any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Servicer as reimbursement of any unreimbursed Delinquency Advances, provided that the Master Servicer or such Direct Servicer, as applicable, effected the payment of such Delinquency Advances from its own corporate funds; (g) to the Issuer, any amounts held in such account with respect to mortgage loans owned by the Issuer; (h) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (hi) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account:, except that in the case of a Trust that holds a Discount Participation Interest, no amounts will be paid from the Certificate Account for any Servicing Fee, Excess Spread or Guaranty Fee with respect to a Trust, as such fees are to be funded from sources outside the related Trust Fund:‌ (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due andand payable; (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Primary Servicer, any Servicing Fee, LPMI Charges, Fee and any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Primary Servicer as reimbursement of any previously unreimbursed Delinquency Advances and previously unreimbursed Servicing Advances, provided that in the Master Servicer or such Direct Servicer, as applicable, effected latter case only from payments on the payment of such Delinquency Advances from its own corporate fundsrelated Mortgage Loan; (g) to the Issuer, any amounts held in such account with respect to mortgage loans owned by the Issuer; (h) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (hi) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Primary Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account:, except that in the case of a Trust that holds a Discount Participation Interest, no amounts will be paid from the Certificate Account for any Servicing Fee, Excess Spread or Guaranty Fee with respect to a Trust, as such fees are to be funded from sources outside the related Trust Fund:‌ (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due and (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Primary Servicer, any Servicing Fee, LPMI Charges, any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Primary Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Primary Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Primary Servicer as reimbursement of any previously unreimbursed Delinquency Advances and previously unreimbursed Servicing Advances, provided that in the Master Servicer or such Direct Servicer, as applicable, effected latter case only from payments on the payment of such Delinquency Advances from its own corporate fundsrelated Mortgage Loan; (g) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (h) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Primary Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account:, except that in the case of a Trust that holds a Discount Participation Interest, no amounts will be paid from the Certificate Account for any Servicing Fee, Excess Spread or Guaranty Fee with respect to a Trust, as such fees are to be funded from sources outside the related Trust Fund:‌ (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due and (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Primary Servicer, any Servicing Fee, LPMI Charges, Fee and any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Primary Servicer as reimbursement of any previously unreimbursed Delinquency Advances and previously unreimbursed Servicing Advances, provided that in the Master Servicer or such Direct Servicer, as applicable, effected latter case only from payments on the payment of such Delinquency Advances from its own corporate fundsrelated Mortgage Loan; (g) to the Issuer, any amounts held in such account with respect to mortgage loans owned by the Issuer; (h) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (hi) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Primary Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account: (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due andand payable; (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Servicer, any Servicing Fee, LPMI Charges, Charges and any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Servicer as reimbursement of any unreimbursed Delinquency Advances, provided that the Master Servicer or such Direct Servicer, as applicable, effected the payment of such Delinquency Advances from its own corporate funds; (g) to the Issuer, any amounts held in such account with respect to mortgage loans owned by the Issuer; (h) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (hi) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account, except that in the case of a Trust that holds a Discount Participation Interest, no amounts will be paid from the Certificate Account for any Servicing Fee, Excess Spread or Guaranty Fee with respect to a Trust, as such fees are to be funded from sources outside the related Trust Fund: (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due and (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Primary Servicer, any Servicing Fee, LPMI Charges, Fee and any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Primary Servicer as reimbursement of any previously unreimbursed Delinquency Advances and previously unreimbursed Servicing Advances, provided that in the Master Servicer or such Direct Servicer, as applicable, effected latter case only from payments on the payment of such Delinquency Advances from its own corporate fundsrelated Mortgage Loan; (g) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (h) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Primary Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.

Other Payments from Certificate Accounts. At any time, the Trustee is authorized to withdraw or direct the withdrawal from any Certificate Account, and pay the following (in each case, to the extent not previously paid or retained) to the extent funds for such purpose have been deposited to any such Certificate Account, except that in the case of a Trust that holds a Discount Participation Interest, no amounts will be paid from the Certificate Account for any Servicing Fee, Excess Spread or Guaranty Fee with respect to a Trust, as such fees are to be funded from sources outside the related Trust Fund: (a) to the Guarantor, (A) amounts to reimburse the Guarantor for funding or payments made by it with respect to amounts that are subsequently recovered by the Trust and transferred to a Certificate Account but are not required for payment to Holders, and (B) unless a Guarantor Event of Default of the type described in clause (a) of Section 12.1 has occurred and is continuing, any Guaranty Fee; (b) to the Trustee, to the extent of interest earnings and other investment earnings on the funds held in any Certificate Account, for payment of the Trust Administration Fee; payable; (c) to the Trustee, any Additional Trust Expenses that are then due and (d) to the extent not withheld pursuant to Subsection 5.1(6), to the Direct Primary Servicer, any Servicing Fee, LPMI Charges, Fee and any Excess Spread, and any Designated Excess Spread prior to the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (e) to the trustee of the Other Xxxxxx Xxx Mae Trust that holds the Securitized Excess Spread, to the extent of any Securitized Excess Spread, and to the Issuer, to the extent of any Designated Excess Spread from and after the effective date of any termination of the Direct Servicer that made the Designated Excess Spread designation; (f) first to the Master Servicer and then to each Direct Primary Servicer as reimbursement of any previously unreimbursed Delinquency Advances and previously unreimbursed Servicing Advances, provided that in the Master Servicer or such Direct Servicer, as applicable, effected latter case only from payments on the payment of such Delinquency Advances from its own corporate fundsrelated Mortgage Loan; (g) to remove amounts that were not required to be deposited pursuant to Section 6.3 and any excess Estimated Funding; and (h) after all other distributions have been made on the Final Distribution Date for a Trust, to the extent of any remaining amounts in any Certificate Account attributable to that Trust, first to reimburse the Master Servicer and then to reimburse each Direct Primary Servicer for any remaining unreimbursed Delinquency Advances and Servicing Advances with respect to Mortgage Loans in that Trust to the extent provided in the related Servicing Contract, and if any funds remain after all other payments, to the Guarantor.