Common use of Payments from the Collection Account Clause in Contracts

Payments from the Collection Account. (a) [On each Payment Date, the Trust Administrator (or the Paying Agent on behalf of the Trust Administrator) shall withdraw from the Collection Account the Total Remittance Amount (to the extent such amount is on deposit in the Collection Account) and shall pay such amount as specified in this Section. All allocations and payments made between and with respect to [Pool 1], [Pool 2] and [Pool 3] in this Section shall be made concurrently.]

Appears in 6 contracts

Samples: Sale and Servicing Agreement (Indymac Abs Inc), Sale and Servicing Agreement (Cwalt Inc), Sale and Servicing Agreement (Cwabs Inc)

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Payments from the Collection Account. (a) [On each Payment Date, the Trust Administrator (or the Paying Agent on behalf of the Trust Administrator) shall withdraw from the Collection Account the Total Remittance Amount (to the extent such amount is on deposit in the Collection Account) and shall pay such amount as specified in this Section. All allocations and payments made between and with respect to [Pool 1], [1 and Pool 2] and [Pool 3] 2 in this Section shall be made concurrently.]

Appears in 5 contracts

Samples: Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-1), Transfer and Servicing Agreement (Structured Asset Securities Corp), Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-4)

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