Common use of Permitted Withdrawals and Transfers from the Distribution Account Clause in Contracts

Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will make such withdrawals or transfers from the Distribution Account: (i) to reimburse the Trustee or the Custodian for expenses, costs and liabilities incurred by or reimbursable to it pursuant to this Agreement; (ii) to pay the Trustee as set forth in Section 10.05; (iii) to remove amounts deposited in error; (iv) to clear and terminate the Distribution Account pursuant to Section 11.01; and (v) On each Distribution Date, the Trustee shall distribute the Interest Funds and Principal Funds to the extent of funds on deposit in the Distribution Account to the Holders of the Certificates in accordance with the Remittance Report upon which the Trustee may conclusively rely.

Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will make such withdrawals or transfers from the Distribution Account: (i) to reimburse the Trustee or the Custodian Custodians for expenses, costs and liabilities incurred by or reimbursable to it pursuant to this Agreement; (ii) to pay the Trustee as set forth in Section 10.05; (iii) to remove amounts deposited in error; (iv) to clear and terminate the Distribution Account pursuant to Section 11.01; and (v) On each Distribution Date, the Trustee shall distribute the Interest Funds and Principal Funds to the extent of funds on deposit in the Distribution Account to the Holders of the Certificates in accordance with the Remittance Report upon which the Trustee may conclusively rely.