Payments from the Payment Account. (a) On each Payment Date, the Securities Administrator (or the Paying Agent on behalf of the Securities Administrator) shall withdraw amounts on deposit in the Payment Account and shall apply such amount as specified in this Section 7.7.
Appears in 3 contracts
Samples: Transfer and Servicing Agreement (FBR Securitization, Inc.), Transfer and Servicing Agreement (FBR Securitization Trust 2005-1), Transfer and Servicing Agreement (First NLC Securitization, Inc.)
Payments from the Payment Account. (a) On each Payment Date, the Securities Administrator (or the Paying Agent on behalf of the Securities Administrator) shall withdraw amounts on deposit in the Payment Account and shall apply pay such amount amounts as specified in the remainder of this Section 7.710.2.
Appears in 1 contract
Samples: Transfer and Servicing Agreement (Lares Asset Securitization, Inc.)
