Common use of Permitted Withdrawals From the Distribution Account Clause in Contracts

Permitted Withdrawals From the Distribution Account. The Trustee shall withdraw or cause to be withdrawn funds from the Distribution Account for the following purposes: (a) to effect the distributions described in Section 6.05; (b) to pay to the Unaffiliated Seller with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.05 or 3.03 or to pay to the Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased, all amounts received thereon and not required to be distributed as of the date on which the related repurchase or purchase price or Principal Balance was determined; (c) to pay the Servicer any interest earned on or investment income earned with respect to funds in the Distribution Account; (d) to return to the Collection Account any amount deposited in the Distribution Account that was not required to be deposited therein; and (e) to clear and terminate the Distribution Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Distribution Account pursuant to each of subclauses (a) through (e) listed above.

Permitted Withdrawals From the Distribution Account. The Trustee shall withdraw or cause to be withdrawn funds from the related Distribution Account for the following purposes: (a) to effect the distributions described in Section 6.05; (b) to pay to the Unaffiliated Seller with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.05 or 3.03 or to pay to the Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased, all amounts received thereon and not required to be distributed as of the date on which the related repurchase or purchase price or Principal Balance was determined; (c) to pay the Servicer any interest earned on or investment income earned with respect to funds in the Distribution Account; (d) to return to the Collection Account any amount deposited in the Distribution Account that was not required to be deposited therein; and (e) to clear and terminate the Distribution Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Distribution Account Accounts pursuant to each of subclauses (a) through (e) listed above.

Permitted Withdrawals From the Distribution Account. The --------------------------------------------------- Trustee shall withdraw or cause to be withdrawn funds from the Distribution Account for the following purposes: (a) to effect the distributions described in Section 6.05; (b) to pay to the Unaffiliated Seller Depositor with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.05 2.04 or 3.03 or to pay to the Master Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased, purchased all amounts received thereon and not required to be distributed as of the date on which the related repurchase or purchase price or Principal Balance was determined; (c) to pay the Master Servicer any interest earned on or investment income earned with respect to funds in the Distribution AccountAccounts; (d) to return to the Collection Account any amount deposited in the Distribution Account that was not required to be deposited therein; (e) to make reimbursements to itself in accordance with Section 9.05; and (ef) to clear and terminate the Distribution Account Accounts upon termination of any of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Distribution Certificate Account pursuant to each of subclauses (a) through (ef) listed above.

Permitted Withdrawals From the Distribution Account. The Trustee shall withdraw or cause to be withdrawn funds from the Distribution Account for the following purposes: (a) to effect the distributions described in Section 6.05; (b) to pay to the Unaffiliated Seller Depositor with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.05 2.04 or 3.03 or to pay to the Master Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased, purchased all amounts received thereon and not required to be distributed as of the date on which the related repurchase or purchase price or Principal Balance was determined; (c) to pay the Master Servicer any interest earned on or investment income earned with respect to funds in the Distribution AccountAccounts; (d) to return to the Collection Account any amount deposited in the Distribution Account that was not required to be deposited therein; (e) to make reimbursements to itself in accordance with Section 9.05; and (ef) to clear and terminate the Distribution Account Accounts upon termination of any of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Distribution Certificate Account pursuant to each of subclauses (a) through (ef) listed above.