Common use of Permitted Withdrawals from the Certificate Account Clause in Contracts

Permitted Withdrawals from the Certificate Account. The Grantor Trust Trustee may from time to time withdraw funds from the Certificate Account for the following purposes: (i) to make distributions in the amounts and in the manner provided for in Section 3.05; (ii) to pay to the Person entitled thereto any amount deposited in the Certificate Account in error; (iii) to clear and terminate the Certificate Account upon the termination of this Agreement; and (iv) to pay itself, as additional compensation, the net reinvestment income permitted to be paid to it as provided in Section 3.03(b). On each Distribution Date, the Grantor Trust Trustee shall withdraw all funds from the Certificate Account and shall use such funds withdrawn from the Certificate Account only for the purposes described in this Section 3.04 and in Section 3.05.