Common use of Permitted Withdrawals and Transfers from the Master Servicer Collection Account Clause in Contracts

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will make 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. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.04, 9.05 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account any Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator), the Master Servicer will transfer all available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Account.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will make 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. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.048.04 (subject in each case to the Extraordinary Trust Fund Expenses Cap), 9.05 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account any Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Account.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will will, from time to time, 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 Agreementthe Servicing Agreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 9.01 and remove amounts from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 3.14 and to pay any expenses, costs and liabilities expenses recoverable by the Trustee, the Swap Provider, Securities Administrator or the Master Servicer, each Custodian or the Securities Administrator Servicer pursuant to Sections 4.023.03, 8.036.03, 8.04, 9.05 8.05 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)10.01. (c) In addition, on or before each the Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account (or remit to the Trustee for deposit therein) any P&I Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all to the Trustee in immediately available funds for deposit in the Distribution Account on the Business Day immediately preceding the Distribution Date, that portion of the Available Distribution Amount (calculated without regard to the references in clause (2) of the definition thereof to amounts that may be withdrawn from the Distribution Account) for the related Distribution Date then on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event ; provided, however that the Master Servicer shall deposit or cause to be deposited to if the Distribution Account any amount not required Deposit Date is deemed to be credited thereto, occur on the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of Distribution Date as provided in the Master Servicer, shall promptly transfer such amount proviso to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basisdefinition of Distribution Account Deposit Date in Article I hereof, the Master Servicer shall withdraw from transfer such funds to the Master Servicer Collection Trustee no later than 10:00 a.m. New York time on such Distribution Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection AccountDeposit Date.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will make 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. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.04, 9.05 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account any Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Account.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will will, from time to time on demand of the Securities Administrator, make 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. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and remove amounts from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.04, 9.05 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account any Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Account.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will will, from time to time, 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 Agreementthe Servicing Agreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 9.01 and remove amounts from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 3.14 and to pay any expenses, costs and liabilities expenses recoverable by the Trustee, the Swap Provider, Securities Administrator or the Master Servicer, each Custodian or the Securities Administrator Servicer pursuant to Sections 4.023.03, 8.036.03, 8.04, 9.05 8.05 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)10.01. (c) In addition, on or before each the Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account (or remit to the Trustee for deposit therein) any P&I Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all to the Trustee in immediately available funds for deposit in the Distribution Account, that portion of the Available Distribution Amount (calculated without regard to the references in clause (2) of the definition thereof to amounts that may be withdrawn from the Distribution Account) for the related Distribution Date then on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event ; provided, however that the Master Servicer shall deposit or cause to be deposited to if the Distribution Account any amount not required Deposit Date is deemed to be credited thereto, occur on the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of Distribution Date as provided in the Master Servicer, shall promptly transfer such amount proviso to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basisdefinition of Distribution Account Deposit Date in Article I hereof, the Master Servicer shall withdraw from transfer such funds to the Master Servicer Collection Trustee no later than 10:00 a.m. New York time on such Distribution Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection AccountDeposit Date.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will will, from time to time on demand of the 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 Xxxxx Fargo Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 6.10 and remove amounts from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian Servicer or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.04, 9.05 any provision of any Basic Document as provided in this Agreement and 10.05the Indenture and (ii) any amounts payable to the Master Servicer as set forth in the Indenture; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)4.03. (c) In addition, on or before each Distribution Payment Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Payment Account any Monthly Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all available funds Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account. In No later than the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt third Business Day of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basiseach month, the Master Servicer shall withdraw from will remit to the Master Servicer Collection Account to pay itself any Securities Administrator the amount of investment income earned on the investment of funds held in the Master Servicer Servicing Collection AccountAccount payable to the Holder of the Class B Grantor Trust Certificate pursuant to Section 3.02(c).

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will make 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. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.048.04 (subject in each case to the Extraordinary Trust Fund Expenses Cap), 9.05 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account any Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Account.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will will, from time to time on demand of the Master Servicer or the Securities Administrator, make such withdrawals or transfers from the Master Servicer Collection Account Accounts as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account Accounts pursuant to Section 11.01 and remove amounts from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account Accounts to pay itself as provided in Section 4.09 4.14 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian or the Securities Administrator pursuant to Sections 4.024.03, 8.03, 8.04, 9.05 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account Accounts any Advances required to be made by the Master Servicer with respect to the related Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the related Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the related Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Account.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will will, from time to time on demand of the 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 Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 7.10 and remove amounts from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian Servicer or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.04, 9.05 3.02 and 10.055.04 hereof and Section 6.07 of the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 3.13; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)5.03. (c) In addition, on or before each Distribution Payment Account Deposit Date, the Master Servicer or, if the Master Servicer and the Servicer are the same entity, the Indenture Trustee or another successor servicer shall remit to the Securities Administrator for deposit in the Distribution Payment Account any Monthly Advances required to be made by the Master Servicer or, if the Master Servicer and the Servicer are the same entity, the Indenture Trustee or another successor servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator)Date, the Master Servicer will transfer all available funds Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Payment Account.

Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will make 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. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and from time to time remove amounts deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.09 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Swap Provider, the Master Servicer, each Custodian or the Securities Administrator pursuant to Sections 4.02, 8.03, 8.04, 9.05 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall remit to the Securities Administrator for deposit in the Distribution Account any Advances required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date (or at such other time and date as is mutually agreed upon between the Master Servicer and the Securities Administrator), the Master Servicer will transfer all available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account. In the event that the Master Servicer shall deposit or cause to be deposited to the Distribution Account any amount not required to be credited thereto, the Securities Administrator, upon receipt of a written request therefor signed by a Master Servicing Officer of the Master Servicer, shall promptly transfer such amount to the Master Servicer, any provision herein to the contrary notwithstanding. (e) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself any investment income earned on the investment of funds held in the Master Servicer Collection Account.