Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (a) to effect timely payments of taxes, assessments, water rates, insurance premiums, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; (b) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 and 3.11 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; (d) for transfer to the Custodial Account in accordance with the terms of this Agreement; (e) for application to restoration or repair of the related Mortgaged Property in accordance with the provisions of Section 3.14, (f) to pay to a Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (h) to remove funds inadvertently placed in the Escrow Account by the Servicer; or (i) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 8.
Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account may be made by the Seller only:
Permitted Withdrawals from the Escrow Account. All funds deposited in the Escrow Account shall remain in the Escrow Account and may not be withdrawn except as provided in this Section 3.6; provided that any Temporary Investment Income relating to UST Warrant Proceeds deposited into the Escrow Account shall be distributed to the Noteholder in accordance with Section 3.4(c)(ii).
Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account may be made by the Servicer only:
Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account may be made by the Seller only (i) to effect timely payments of taxes, assessments, water rates, insurance premiums, fire and hazard insurance premiums, or other items constituting Escrow Payments for the related Mortgage, (ii) to reimburse the Seller for any Servicing Advance made by the Seller pursuant to Sections 4.8, 4.10, and 4.11 with respect to a related Mortgage Loan, (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (iv) for transfer to the Collection Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, provided the provisions of Section 4.15 have been complied with, (vi) to pay to the Mortgagor, to the extent required by law, interest on the funds deposited in the Escrow Account, (vii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), such withdrawal to be made monthly not later than the Remittance Date, or (viii) to clear and terminate the Escrow Account upon the termination of this Agreement.
