Common use of Payments; Statements Clause in Contracts

Payments; Statements. On each Payment Date, the Indenture Trustee shall withdraw from each Payment Account, such amounts on deposit therein relating to the Indenture Trustee Fees, expenses and other amounts then due to it including any payments with respect to reimbursement or indemnification due to the Indenture Trustee (subject to Section 6.16), the Owner Trustee Fee due to the Owner Trustee for such Payment Date and the Premium due the Note Insurer for such Payment Date and shall pay itself the Indenture Trustee Fee and any other amounts due the Indenture Trustee and shall distribute such Owner Trustee Fee and Premium as instructed in writing by the Master Servicer. On each Payment Date, unless the Notes have been declared due and payable pursuant to Section 5.02 hereof and moneys collected by the Indenture Trustee are being applied in accordance with Section 5.07 hereof, Available Funds on deposit in each Payment Account on any Payment Date or Redemption Date shall be withdrawn from such Payment Account, in the amounts required (based on the Indenture Trustee's Remittance Report prepared by the Indenture Trustee on or before such Payment Date in reliance on the related Servicer Remittance Report), for application on such Payment Date in respect of payments for the related Class of Notes as follows:

Payments; Statements. On each Payment Date, the Indenture Trustee shall withdraw from each Payment Account, such amounts on deposit therein relating to the Indenture Trustee Fees, expenses and other amounts then due to it including any payments with respect to reimbursement or indemnification due to the Indenture Trustee (subject to Section 6.16), the Owner Trustee Fee due to the Owner Trustee for such Payment Date and the Premium due the Note Insurer for such Payment Date and shall pay itself the Indenture Trustee Fee and any other amounts due the Indenture Trustee and shall distribute such Owner Trustee Fee and Premium as instructed in writing by the Master Servicer. On each Payment Date, unless the Notes have been declared due and payable pursuant to Section 5.02 hereof and moneys collected by the Indenture Trustee are being applied in accordance with Section 5.07 hereof, Available Funds on deposit in each Payment Account on any Payment Date or Redemption Date shall be withdrawn from such Payment Account, in the amounts required (based on the Indenture Trustee's ’s Remittance Report prepared by the Indenture Trustee on or before such Payment Date in reliance on the related Servicer Remittance Report), for application on such Payment Date in respect of payments for the related Class of Notes as follows:

Payments; Statements. On each Payment Date, the Indenture Trustee shall withdraw from each Payment Account, such amounts on deposit therein relating to the Indenture Trustee Fees, expenses and other amounts then due to it including any payments with respect to reimbursement or indemnification due to the Indenture Trustee (subject to Section 6.16)Trustee, the Owner Trustee Fee due to the Owner Trustee for such Payment Date and the Premium due Fee, the Note Insurer Fee and the Primary Mortgage Insurance Provider Fee for such Payment Date and shall pay itself the Indenture Trustee Fee and any other amounts due the Indenture Trustee and shall distribute such Owner Trustee Fee, Note Insurer Fee and Premium Primary Mortgage Insurance Provider Fee as instructed in writing by the Master Servicer. On each Payment Date, unless the Notes have been declared due and payable pursuant to Section 5.02 hereof and moneys collected by the Indenture Trustee are being applied in accordance with Section 5.07 hereof, Available Funds on deposit in each Payment Account on any Payment Date or Redemption Date shall be withdrawn from such Payment Account, in the amounts required (based on the Indenture Trustee's Remittance Report prepared by the Indenture Trustee on or before such Payment Date in reliance on the related Servicer Remittance Report), for application on such Payment Date in respect of payments for the related Class of Notes as follows: