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, 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:β€Œ

Appears in 4 contracts

Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement, Trust Agreement

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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:β€ŒFund:

Appears in 1 contract

Samples: Federal National Mortgage Association

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