Common use of Withdrawals from Accounts Clause in Contracts

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.06 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

Appears in 1 contract

Samples: Trust Agreement

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Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Sections 2.04 2.03 and 3.06 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMICREMIC or Trust Fund.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx Mae for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account or the Trust Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx Mae for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.06 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMICREMIC or the Trust Fund, as applicable.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account and the Trust Account Accounts on any Distribution Date shall be withdrawn by Xxxxxx Xxx Mae for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx Mae for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.06 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final any Distribution Date in any month following which are not being held for future distribution of the on Lower Tier Distribution Amount for such month and any Interest 9 or are not required deposit to be deposited in the Funding Account, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Sections 2.04 2.03 and 3.06 3.08 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Trust Account and the Trust Funding Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx Mae for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx Mae for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.06 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx Mae for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx Mae for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.06 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

Appears in 1 contract

Samples: Trust Agreement

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Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty obligations under Sections 2.04 2.03 and 3.06 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMICREMIC or Trust Fund, as applicable.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to any Trust Account or to the Certificate Account, the Funding Account and the Trust FC Class Additional Interest Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx the applicable Trustee for application towards the distributions required herebyhereby and by the related Issue Supplement. In the event that amounts shall remain in the Certificate Lower Tier REMIC Account on the final Distribution Date in any month following distribution of the Lower Tier Certificate Distribution Amount for such month and any required deposit to the Funding Accountmonth, such amounts may be withdrawn by the Trustee for the Lower Tier Trust Fund and distributed to Xxxxxx Mae Xxx, in its corporate capacity, as compensation for its Fannie Mae’s administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such its guaranty obligations under Sections 2.04 3.03 and 3.06 4.07 hereof. Any amount so withdrawn and distributed shall no longer be a part of the Lower Tier REMICTrust Fund.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Funding Account Account, and the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx Mae for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account on the final Distribution Date in any month following distribution of the Lower Tier Distribution Amount for such month and any required deposit to the Funding Account, such amounts may be withdrawn by Xxxxxx Mae Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx Mae for any advance by it pursuant to such guaranty obligations under Sections 2.04 and 3.06 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC.

Appears in 1 contract

Samples: Trust Agreement

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