Common use of Reimbursement of Policy Draws Clause in Contracts

Reimbursement of Policy Draws. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1998-2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-2 Finance Charge Collections and (y) the portion of the unreimbursed claims on the Policy, that have not been previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

Reimbursement of Policy Draws. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19981999-2 1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19981999-2 1 Finance Charge Collections and (y) the portion of the unreimbursed claims on the Policy, that have not been previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

Reimbursement of Policy Draws. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19982002-2 3 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19982002-2 3 Finance Charge Collections and (y) the portion of the unreimbursed claims on the Policy, that have not been previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

Reimbursement of Policy Draws. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 1998-2 3 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 1998-2 3 Finance Charge Collections and (y) the portion of the unreimbursed claims on the Policy, that have not been previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

Reimbursement of Policy Draws. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19982002-2 4 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19982002-2 4 Finance Charge Collections and (y) the portion of the unreimbursed claims on the Policy, that have not been previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

Reimbursement of Policy Draws. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19981999-2 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19981999-2 Finance Charge Collections and (y) the portion of the unreimbursed claims on the Policy, that have not been previously deposited in the Interest Funding Account, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.

Reimbursement of Policy Draws. On each Business Day, the Trustee, acting in accordance with the instructions from the Servicer, shall withdraw first from the Cap Proceeds Account to the extent of the Cap Receipt Amount and then from the Collection Account and then from the Payment Reserve Account, to the extent of any Available Series 19982004-2 1 Finance Charge Collections remaining after giving effect to the withdrawals pursuant to subsections 4.9(a)(i) through (vi) of the Agreement, an amount equal to the lesser of (x) any such remaining Available Series 19982004-2 1 Finance Charge Collections and (y) the portion of the unreimbursed claims on the Policy, that have not been previously deposited in the Interest Funding AccountAccount or otherwise paid to the Insurer pursuant to the MBIA Master Account Agreement, and deposit such amount into the Interest Funding Account for distribution on the next succeeding Distribution Date to the Insurer.