Promptly upon receipt of any Stayed Funds, whether from the Servicer. a trustee in bankruptcy, or federal bankruptcy court or other source, the Trustee shall notify the Servicer of such receipt and deposit such funds in the Distribution Account, subject to withdrawal thereof as permitted hereunder.
Appears in 8 contracts
Samples: Servicing Agreement (Morgan Stanley Abs Capital I Inc Trust Series 2004-Sd1), Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset Backed Certificates, Series 2007-Cb4), Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Series 2006-Cb4)
Promptly upon receipt of any Stayed Funds, whether from the Servicer. a trustee in bankruptcy, or federal bankruptcy court or other source, the Trustee Trust Administrator shall notify the Servicer of such receipt and deposit such funds in the Distribution Account, subject to withdrawal thereof as permitted hereunder.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Nc1)
Promptly upon receipt of any Stayed Funds, whether from the Servicer. a trustee in bankruptcy, or federal bankruptcy court or other source, the Trustee shall notify the Servicer of such receipt and deposit such funds in the Distribution Account, subject to withdrawal thereof pursuant to Section 7.02(b) of the Sale and Servicing Agreement or as otherwise permitted hereunderthereunder.
Appears in 1 contract
Samples: Indenture (Prudential Securities Secured Financing Corp)
