Common use of Permissible Withdrawals Clause in Contracts

Permissible Withdrawals. With respect to each related Borrower, the Servicer may make withdrawals from each respective Custodial T&I Account to the extent of the balance of such related Borrower's Escrow Funds for the following: (a) timely payment of such related Borrower's taxes and insurance premiums; (b) refunds to such related Borrower of excess Escrow Funds collected from such Borrower; (c) recovering T&I Advances made with respect to such related Borrower by the Servicer; (d) payment of interest, if required, to such related Borrower on his Escrow Funds; (e) removal of any deposits made in error; and (f) termination of the account.

Permissible Withdrawals. With respect to each related Borrower, the Servicer may make withdrawals from each respective Custodial T&I Account to the extent of the balance of such related Borrower's Escrow Funds for the following: (a) timely payment of such related Borrower's taxes and insurance premiums; (b) refunds to such related Borrower of excess Escrow Funds collected from such Borrower; (c) recovering T&I Advances made with respect to such related Borrower by the Servicer; (d) payment of interest, if required, to such related Borrower on his Escrow Funds; (e) removal of any deposits made in error; (f) to transfer payment on account of Buydown Funds and/or Subsidy Funds to the Custodial P&I Account; and (fg) termination of the account.

Permissible Withdrawals. With respect to each related Borrower, the Servicer may make withdrawals from each respective Custodial T&I Account to the extent of the balance of such related Borrower's ’s Escrow Funds for the following: (a) timely payment of such related Borrower's ’s taxes and insurance premiums; (b) refunds to such related Borrower of excess Escrow Funds collected from such Borrower; (c) recovering T&I Advances made with respect to such related Borrower by the Servicer; (d) payment of interest, if required, to such related Borrower on his Escrow Funds; (e) removal of any deposits made in error; and (f) termination of the account.

Permissible Withdrawals. With respect to each related Borrower, the Servicer may make withdrawals from each respective Custodial T&I Account to the extent of the balance of such related Borrower's Escrow Funds for the following: (a) timely payment of such related Borrower's taxes and insurance premiums; (b) refunds to such related Borrower of excess Escrow Funds collected from such Borrower; (c) recovering T&I Advances made with respect to such related Borrower by the Servicer; (d) payment of interest, if required, to such related Borrower on his Escrow Funds; (e) removal of any deposits made in error; and and (f) termination of the account.