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

Permitted Withdrawals from the Certificate Account. The Trustee shall, in accordance with the Master Servicer's written directions (in the case of (a), (b), (d) or (e) below) to the Trustee as described in Section 6.5, withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.5(a) and 6.5(b); (b) to pay to or upon the direction of the Transferor with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.4 or 3.3 or to pay to the Master Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased all amounts received thereon deposited in the Certificate Account that do not constitute property of the Trust Fund; (c) to pay the Trustee any interest earned on or investment income earned with respect to funds in the Certificate Account; (d) to return to the Collection Account any amount deposited in the Certificate Account that was not required to be deposited therein; and (e) to clear and terminate the Certificate Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Certificate Account pursuant to each of subclauses (a) through (e) listed above.

Permitted Withdrawals from the Certificate Account. The Trustee shall, in accordance with the Master Servicer's written directions (in the case of (a), (b), (d) or (e) below) to the Trustee as described in Section 6.5, withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.5(a) and 6.5(b); (b) to pay to or upon the direction of the Transferor with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.4 or 3.3 or to pay to the Master Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased all amounts received thereon deposited in the Certificate Account that do not constitute property of the Trust Fund; (c) to pay the Trustee any interest earned on or investment income earned with respect to funds in the Certificate Account; (d) to return to the Collection Account any amount deposited in the Certificate Account that was not required to be deposited therein; and (e) to clear and terminate the Certificate Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Certificate Account pursuant to each of subclauses (a) through (e) listed above.

Permitted Withdrawals from the Certificate Account. The Trustee shall, in accordance with the Master Servicer's ’s written directions (in the case of (a), (b), (d) or (e) below) to the Trustee as described in Section 6.5, withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.5(a) and 6.5(b); (b) to pay to or upon the direction of the Transferor with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.4 or 3.3 or to pay to the Master Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased all amounts received thereon deposited in the Certificate Account that do not constitute property of the Trust Fund; (c) to pay the Trustee any interest earned on or investment income earned with respect to funds in the Certificate Account; (d) to return to the Collection Account any amount deposited in the Certificate Account that was not required to be deposited therein; and (e) to clear and terminate the Certificate Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Certificate Account pursuant to each of subclauses (a) through (e) listed above.

Permitted Withdrawals from the Certificate Account. The Trustee shall, in accordance with the Master Servicer's written directions (in the case of (a), (b), (d) or (e) below) to the Trustee as described in Section 6.5, withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.5(a6.5(b) and 6.5(b6.5(d); (b) to pay to or upon the direction of the Transferor with respect to each Mortgage Loan or property Property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.4 or 3.3 3.5 or to pay to the Master Servicer with respect to each Mortgage Loan or property Property acquired in respect thereof that has been purchased all amounts received thereon deposited in the Certificate Account that do not constitute property of the Trust Fund; (c) to pay the Trustee any interest earned on or investment income earned with respect to funds in the Certificate Account; (d) to return to the Collection Account any amount deposited in the Certificate Account that was not required to be deposited therein; and (e) to clear and terminate the Certificate Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Certificate Account pursuant to each of subclauses (a) through (e) listed above.