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

Permitted Withdrawals from the Collection Account. The Master Servicer shall maintain adequate records with respect to all withdrawals made pursuant to this Section 5.04. The Master Servicer may from time to time, and with respect to clause (i) below shall, withdraw funds from the Collection Account or the Investment Account for the following purposes: (i) to pay to the Master Servicer (to the extent not previously retained) the servicing compensation to which it is entitled pursuant to Section 5.08; (ii) to reimburse the Master Servicer for unreimbursed Servicing Advances made by it in connection with the Qualified Loans, only from amounts received with respect to the Qualified Loans in respect of which any such Servicing Advance was made; (iii) to withdraw any amount deposited in the Collection Account or the Investment Account and not required to be deposited therein; (iv) to reimburse the Master Servicer for costs and expenses incurred by it and reimbursable pursuant hereto; and (v) to remit all remaining amounts to the Purchaser on each Distribution Date.