Common use of Payments from the Distribution Account Clause in Contracts

Payments from the Distribution Account. (a) The Indenture Trustee shall deposit to the Distribution Account, without duplication, upon receipt, (i) the proceeds of any liquidation of the assets of the Issuer and (ii) Interest Collections and Principal Collections remitted by the Servicers, together with any Substitution Amounts, and any Loan Purchase Price amounts received by the Indenture Trustee

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Thornburg Mortgage Securities Corp), Transfer and Servicing Agreement (Lehman Abs Corp), Transfer and Servicing Agreement (Structured Asset Securities Corp)

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Payments from the Distribution Account. (a) The Indenture Trustee shall deposit to into the Distribution Account, without duplication, upon receipt, (i) the proceeds of any liquidation of the assets of the Issuer and (ii) Interest Collections and Principal Collections the Total Distribution Amount remitted by the Servicers, Servicers to the Master Servicer together with any Substitution Amounts, and any Loan Purchase Price amounts received by the Indenture Trustee.

Appears in 2 contracts

Samples: Transfer and Servicing Agreement (Lehman ABS Corp. Home Equity Loan Trust 2005-1), Transfer and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He3)

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