Common use of Withdrawal and Distribution of the Certificate Interest with Respect to Class A Clause in Contracts

Withdrawal and Distribution of the Certificate Interest with Respect to Class A. On each Distribution Date, the Trustee shall withdraw, at the direction of the Servicer, an amount equal to the Certificate Interest with respect to the Class A Certificates and with respect to such Distribution Date, from the Class A Interest Funding Account. Such amount shall be paid by the Paying Agent to the Class A Certificateholders on such Distribution Date as payment in full of the Certificate Interest due to the Class A Certificateholders on such Distribution Date. On the Class A Expected Final Payment Date, following the withdrawal described in the immediately preceding sentence, the Trustee shall withdraw, at the direction of the Servicer, all amounts then credited to the Class A Interest Funding Account and the Paying Agent shall distribute such amount as described in Section 6(c).

Appears in 5 contracts

Samples: Defeasance Trust Agreement (Citibank Omni-S Master Trust), Defeasance Trust Agreement (Citibank Omni-S Master Trust), Defeasance Trust Agreement (Citibank Omni-S Master Trust)

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Withdrawal and Distribution of the Certificate Interest with Respect to Class A. On each Distribution Date, the Trustee shall withdraw, at the direction of the Servicer, an amount equal to the Certificate Interest with respect to the Class A Certificates and with respect to such Distribution Date, from the Class A Interest Funding Account. Such amount shall be paid by the Paying Agent to the Class A Certificateholders on such Distribution Date as payment in full of the Certificate Interest due to the Class A Certificateholders on such Distribution Date. On the Class A Expected Final Payment Date, following the withdrawal described in the immediately preceding sentence, the Trustee shall withdraw, at the direction of the Servicer, all amounts then credited to the Class A Interest Funding Account and the Paying Agent shall distribute such amount as described in Section 6(c6(d).

Appears in 1 contract

Samples: Defeasance Trust Agreement (Citibank Omni-S Master Trust)

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