Permitted Withdrawals From the Distribution Account. The Trustee may from time to time withdraw funds from the Distribution Account for the following purposes: (a) to make payments to Certificateholders in the amounts and in the manner provided in Section 3.04; (b) to reimburse the Depositor for expenses incurred by and reimbursable to the Depositor with respect to each REMIC hereunder pursuant to Section 6.03; (c) to pay any taxes imposed upon each REMIC hereunder, as provided in Section 5.12; and (d) to clear and terminate the Distribution Account upon the termination of the Trust Fund.
Appears in 9 contracts
Samples: Trust Agreement (Alternative Loan Trust Resecuritization 2007-26r), Trust Agreement (Alternative Loan Trust Resecuritization 2008-1r), Trust Agreement (Cwalt Inc)
Permitted Withdrawals From the Distribution Account. The Trustee may from time to time withdraw funds from the Distribution Account for the following purposes:
(a) to make payments to Certificateholders in the amounts and in the manner provided in Section 3.04;
(b) to reimburse itself and the Depositor for expenses incurred by and reimbursable to itself or the Depositor with respect to each REMIC hereunder pursuant to Section 5.06 and Section 6.03, respectively;
(c) to pay any taxes imposed upon each REMIC hereunder, as provided in Section 5.12; and
(d) to clear and terminate the Distribution Account upon the termination of the Trust Fund.
Appears in 3 contracts
Samples: Trust Agreement (IndyMac RAST 2004-R2), Trust Agreement (Residential Asset Securitization Trust 2006-R1), Trust Agreement (Indymac MBS Inc Residential Asset Sec Trust 2004 R1)
Permitted Withdrawals From the Distribution Account. The Trustee may from time to time withdraw funds from the Distribution Account for the following purposes:
(a) to make payments to Certificateholders in the amounts and in the manner provided in Section 3.04;
(b) to reimburse the Depositor for expenses incurred by and reimbursable to the Depositor with respect to each REMIC hereunder pursuant to Section 6.03;
(c) to pay any taxes imposed upon each REMIC hereunder, as provided in Section 5.12; and
(db) to clear and terminate the Distribution Account upon the termination of the Trust Fund.
Appears in 2 contracts
Samples: Trust Agreement (Residential Asset Securitization Trust 2007-R1), Trust Agreement (Residential Asset Securitization Trust 2006-R2)
Permitted Withdrawals From the Distribution Account. The Trustee may from time to time withdraw funds from the Distribution Account for the following purposes:
(a) to make payments to Certificateholders in the amounts and in the manner provided in Section 3.04;
(b) to reimburse the Depositor for expenses incurred by and reimbursable to the Depositor with respect to each REMIC hereunder pursuant to Section 6.03;
(c) to pay any taxes imposed upon each REMIC hereunder, as provided in Section 5.12; and
(dc) to clear and terminate the Distribution Account upon the termination of the Trust Fund.
Appears in 1 contract
Samples: Trust Agreement (IndyMac INDX Mortgage Loan Trust 2006-R1)
Permitted Withdrawals From the Distribution Account. The Trustee may from time to time withdraw funds from the Distribution Account for the following purposes:
(a) to make payments to Certificateholders in the amounts and in the manner provided in Section 3.04;
(b) to reimburse the Depositor for expenses incurred by and reimbursable to the Depositor with respect to each the REMIC hereunder pursuant to Section 6.03;
(c) to pay any taxes imposed upon each the REMIC hereunder, as provided in Section 5.12; and
(d) to clear and terminate the Distribution Account upon the termination of the Trust Fund.
Appears in 1 contract
Samples: Trust Agreement (CWMBS Inc)
Permitted Withdrawals From the Distribution Account. The Trustee may from time to time withdraw funds from the Distribution Account for the following purposes:
(a) to make payments to Certificateholders in the amounts and in the manner provided in Section 3.04;
(b) to reimburse the Depositor for expenses incurred by and reimbursable to the Depositor with respect to each REMIC hereunder pursuant to Section 6.03;
(c) to pay any taxes and related expenses imposed upon each REMIC hereunder, as provided in Section 5.12; and
(d) to clear and terminate the Distribution Account upon the termination of the Trust Fund.
Appears in 1 contract
Samples: Trust Agreement (Alternative Loan Trust Resecuritization 2008-2r)