TRANSFERS FROM ESCROW FUND Sample Clauses

TRANSFERS FROM ESCROW FUND. As the principal of the Escrowed Securities set forth in SCHEDULE A (subject to the reinvestment, if any, of the principal and interest made pursuant to Section 2.06 and the application of investment earnings in accordance with Section 2.06), shall mature and be paid, and the investment income and earnings thereon are paid, the Escrow Agent shall, no later than each interest payment date for the Defeased 2009 Bonds, transfer from the Escrow Fund to the 2009 Trustee for the Defeased 2009 Bonds amounts sufficient to pay the interest and principal on the Defeased 2009 Bonds coming due on each interest payment date and to pay the principal, as applicable, outstanding of the Callable 2009 Bonds on the Callable 2009 Bonds Redemption Date, all as set forth in SCHEDULE B hereto. Such amounts shall be applied by the 2009 Trustee to the payment of all principal of, redemption premium, if any, and interest on the Defeased 2009 Bonds for the equal and ratable benefit of the holders of the Defeased 2009 Bonds. Currently, principal, redemption premium, if any, and interest on the Defeased 2009 Bonds are payable at the principal office of the 2009 Paying Agent in Jackson, Mississippi.
Sample 1
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TRANSFERS FROM ESCROW FUND. As the principal of the Government Obligations set forth in Exhibit B (subject to the reinvestment, if any, of the principal and interest made pursuant to Section 2.05 and the application of investment earnings in accordance with Section 2.05), shall mature and be paid, and the investment income and earnings thereon are paid, the Escrow Agent shall use such funds to pay the interest on the Restructured Debt Obligations coming due on and prior to , 20 , and the principal coming due in connection with the call and redemption of the Restructured Debt Obligations on , 20 , as set forth in Exhibit A hereto. Such amounts shall be applied by the Escrow Agent to the payment of all principal of, premium, if any, and interest on the Restructured Debt Obligations for the equal and ratable benefit of the holders of the Restructured Debt Obligations.
Sample 1
TRANSFERS FROM ESCROW FUND. As the principal of the Escrowed Securities set forth in Schedule A (subject to the reinvestment, if any, of the principal and interest made pursuant to Section 2.7 and the application of investment earnings in accordance with Section 2.7), shall mature and be paid, and the investment income and earnings thereon are paid, the Escrow Agent shall:
Sample 1

Related to TRANSFERS FROM ESCROW FUND

  • Withdrawals From Escrow Account Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (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 upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid 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 Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.

  • Permitted Withdrawals and Transfers from the Distribution Account (a) The Trustee will, from time to time on demand of the Master Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the Servicing Agreements or as the Securities Administrator has instructed hereunder for the following purposes (limited in the case of amounts due the Master Servicer to those not withdrawn from the Master Servicer Collection Account in accordance with the terms of this Agreement):

  • Permitted Withdrawals and Transfers from the Master Servicer Collection Account (a) The Master Servicer will, from time to time on demand of a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 10.01 and remove amounts from time to time deposited in error.

  • Permitted Withdrawals From Escrow Account Withdrawals from the Escrow Account or Accounts may be made by the Servicer only:

  • Withdrawals from the Collection Account (a) The Servicer shall, from time to time, make withdrawals from the Collection Account for any of the following purposes or as described in Section 4.01:

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

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