Payments from Trust Assets Only Sample Clauses

Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Trust Documents, all payments, if any, to be made by the Trustee other than amounts (i) owing by the Trustee arising from its willful misfeasance, bad faith or negligence or (ii) advanced by the Servicer, shall be made only from any then available Trust Assets and only to the extent the Trustee shall have received income or proceeds therefrom to make such payments in accordance with the terms hereof.
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Payments from Trust Assets Only. Except as otherwise expressly provided in the next succeeding sentence of this Section 2.3, all payments to be made by the Issuer or the Collateral Agent under this Indenture or the Pooling Agreement, as applicable, shall be made only from the income and the proceeds from the Trust Assets and only to the extent that the Issuer shall have sufficient income or proceeds from the Trust Assets to enable the Issuer or the Collateral Agent, as applicable, to make payments in accordance with the terms hereof. Each Noteholder, by its acceptance of a Class A Note, and the Indenture Trustee, agree that it will look solely to the income and proceeds from the Trust Assets to the extent available for distribution to it as provided in the Pooling Agreement and this Indenture and that none of the Collateral Agent or the Indenture Trustee is personally liable to it for any amounts payable or any liability under this Indenture or such Class A Note, except as expressly provided herein and in the Pooling Agreement.
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Payments from Trust Assets Only. . . 9 SECTION 2.4.
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Payments from Trust Assets Only. (a) Except as otherwise provided in this Master Trust Agreement or any SUBI Supplement, all payments, if any, to be made on behalf of the Master Trust or any Sub-Trust by the Trustee or the Servicer shall be made only from any then-available UTI Assets or SUBI Assets, as applicable.
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Payments from Trust Assets Only. All payments to be made by the Trust under this Agreement will be made only from the income and the capital proceeds derived from the Trust Assets. The Depositor agrees that it will look solely to the income and capital proceeds derived from the Trust Assets (to the extent available for payment as herein provided) and that, except as specifically provided herein, the Owner Trustee will not be subject to any liability in its individual capacity under this Agreement to the Depositor or to any other Person.
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Payments from Trust Assets Only. Except as otherwise expressly provided in the next succeeding sentence of this Section 5.8, all payments to be made by the Issuer or the Collateral Agent under this Supplement or the Agreement, as applicable, shall be made only from the income and the proceeds from the Trust Assets and, in the case of payments of interest on Series 1996-3 Class B Notes, amounts, if any, on deposit in the Reserve Account for the Series 1996-3 Class B Noteholders (excluding Investment Earnings) and, with respect to the Trust Assets, only to the extent that the Issuer shall have sufficient income or proceeds from the Trust Assets to enable the Issuer or the Collateral Agent, as applicable, to make payments in accordance with the terms hereof. Each Series 1996-3 Class B Noteholder, by its acceptance of a Series 1996-3 Class B Note, agrees that it will look solely to the income and proceeds from the Trust Assets, in the case of payments of interest on the Series 1996-3 Class B Notes, and to amounts on deposit in the Reserve Account (excluding Investment Earnings) to the extent available for distribution to it as provided in the Agreement and this Supplement and that the Issuer Trustee is not personally liable to it for any amounts payable or any liability under this Supplement or such Series 1996-3 Class B Note, except as expressly provided herein and in the Agreement.
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Payments from Trust Assets Only. (a) Except as otherwise provided in this Agreement and the other Transaction Documents, all Trust expenses shall be paid out of the Trust Assets, allocated among the Series on a Pro Rata Share basis; provided that Expenses incurred with respect to a specific Series shall only be paid out of the Series Assets of such Series. No Series shall be responsible for paying Trustee fees or expenses (including the fees and expenses of any agents) allocable to another Series.
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Related to Payments from Trust Assets Only

  • Payments from Owner Trust Estate All payments to be made by the Owner Trustee under this Agreement or any of the Basic Documents to which the Trust or the Owner Trustee is a party shall be made only from the income and proceeds of the Owner Trust Estate and only to the extent that the Owner Trustee shall have received income or proceeds from the Owner Trust Estate to make such payments in accordance with the terms hereof. Wilmington Trust Company or any successor thereto, in its individual capacity, shall not be liable for any amounts payable under this Agreement or any of the Basic Documents to which the Trust or the Owner Trustee is a party.

  • Distributions from Collection Account Subject to Section 8.2(e), on each Payment Date the Indenture Trustee will (based on the information in the most recent Monthly Investor Report) withdraw from the Collection Account and make deposits and payments, to the extent of Available Funds in the Collection Account for that Payment Date, in the following order of priority (pro rata within each priority level based on the amounts due except as otherwise stated):

  • Custodial Accounts; Distribution Account (a) On or prior to the Closing Date, the Master Servicer shall have caused each Servicer to establish and maintain one or more Custodial Accounts, as provided in the related Purchase and Servicing Agreement, into which all Scheduled Payments and unscheduled payments with respect to the related Mortgage Loans, net of any deductions or reimbursements permitted under the related Purchase and Servicing Agreement, shall be deposited. On each Distribution Account Deposit Date, the Servicers shall remit to the Securities Administrator for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Purchase and Servicing Agreements.

  • Distributions from the Certificate Account (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Available Distribution Amount with respect to each Mortgage Pool, and shall distribute such amount to the Holders of record of each Class of Certificates, in the following order of priority:

  • Distributions from Certificate Account and Special Payments Account (a) On each Regular Distribution Date with respect to a series of Certificates or as soon thereafter as the Trustee has confirmed receipt of the payment of all or any part of the Scheduled Payments due on the Equipment Notes held (subject to the Intercreditor Agreement) in the related Trust on such date, the Trustee shall distribute out of the applicable Certificate Account the entire amount deposited therein pursuant to Section 4.01(a). There shall be so distributed to each Certificateholder of record of such series on the Record Date with respect to such Regular Distribution Date (other than as provided in Section 11.01 concerning the final distribution) by check mailed to such Certificateholder, at the address appearing in the Register, such Certificateholder’s pro rata share (based on the Fractional Undivided Interest in the Trust held by such Certificateholder) of the total amount in the applicable Certificate Account, except that, with respect to Certificates registered on the Record Date in the name of a Clearing Agency (or its nominee), such distribution shall be made by wire transfer in immediately available funds to the account designated by such Clearing Agency (or such nominee).

  • Trust Accounts Distributions Statements to Noteholders SECTION 5.1.

  • Payments from Paying Agent Account The Escrow Agent hereby irrevocably instructs the Paying Agent, and the Paying Agent agrees to act, as follows:

  • Collection of Mortgage Loan Payments; Certificate Account; Distribution Account (a) The Master Servicer shall make reasonable efforts in accordance with the customary and usual standards of practice of prudent mortgage servicers to collect all payments called for under the terms and provisions of the Mortgage Loans to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any related Required Insurance Policy. Consistent with the foregoing, the Master Servicer may in its discretion (i) waive any late payment charge or any prepayment charge or penalty interest in connection with the prepayment of a Mortgage Loan and (ii) extend the due dates for payments due on a Mortgage Note for a period not greater than 180 days; provided, however, that the Master Servicer cannot extend the maturity of any such Mortgage Loan past the date on which the final payment is due on the latest maturing Mortgage Loan as of the Cut-off Date. In the event of any such arrangement, the Master Servicer shall make Advances on the related Mortgage Loan in accordance with the provisions of Section 4.1 during the scheduled period in accordance with the amortization schedule of such Mortgage Loan without modification thereof by reason of such arrangements. The Master Servicer shall not be required to institute or join in litigation with respect to collection of any payment (whether under a Mortgage, Mortgage Note or otherwise or against any public or governmental authority with respect to a taking or condemnation) if it reasonably believes that enforcing the provision of the Mortgage or other instrument pursuant to which such payment is required is prohibited by applicable law.

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Waiver of Distributions from Trust Account In connection with the Securities purchased pursuant to this Agreement, the Purchaser hereby waives any and all right, title, interest or claim of any kind in or to any distributions from the Trust Account.

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