Common use of Withdrawals from Accounts Clause in Contracts

Withdrawals from Accounts. Amounts credited to the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distribution required hereby. In the event that amounts shall remain in the Trust Account on any Distribution Date following distributions of (i) the Net Interest Distribution Amount for such Distribution Date and (ii) the Principal Distribution Amount for such Distribution Date, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty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 Section 3.02 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.

Appears in 2 contracts

Samples: Trust Agreement, Trust Agreement

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Withdrawals from Accounts. Amounts credited to the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distribution distributions required hereby. In the event that amounts shall remain in the Trust Account on any Distribution Date following distributions of (i) the Net Interest all Class Distribution Amount for such Distribution Date and (ii) the Principal Distribution Amount Amounts for such Distribution Date, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty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 Section 3.02 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distribution required hereby. In the event that amounts shall remain in the Trust Account on any Distribution Date following distributions of (i) the Net Interest Distribution Amount for each Class of Certificates for such Distribution Date and (ii) the Principal Distribution Amount for each Class of Certificates for such Distribution Date, such amounts may be withdrawn by Xxxxxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Xxx for any advance by it pursuant to such guaranty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 Section 3.02 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.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 for application towards the distribution distributions required hereby. In the event that amounts shall remain in the Trust Certificate Account on any the final Distribution Date in any month following distributions distribution of (i) the Net Interest Lower Tier Distribution Amount for such Distribution Date month and (ii) any required deposit to the Principal Distribution Amount for such Distribution DateFunding 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 Section 3.02 Sections 2.03 and 3.06 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC or Trust Fund.

Appears in 1 contract

Samples: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account, the Trust Account and the Funding Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distribution distributions required hereby. In the event that amounts shall remain in the Trust Account on any Distribution Date following distributions deposit into the Funding Account of (i) the Net Interest Distribution Amount for such Distribution Date and (ii) the Principal Distribution Amount for such Distribution Dateamounts required by Section 4.02 hereof, 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 Section 3.02 Sections 2.03 and 3.05 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.

Appears in 1 contract

Samples: Trust Agreement

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Withdrawals from Accounts. Amounts credited to the Trust Account on any Distribution Date shall be withdrawn by Xxxxxx Xxx for application towards the distribution required hereby. In the event that amounts shall remain in the Trust Account on any Distribution Date following distributions of (i) the Net Interest Distribution Amount for such Distribution Date and (ii) the Principal Distribution Amount for such Distribution Date, 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 Section 3.02 hereof. Any amount so ; provided, however, that amounts may be withdrawn shall no longer be a part of only to the Trust Fund.extent that

Appears in 1 contract

Samples: Federal National Mortgage Association

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 distribution distributions required hereby. In the event that amounts shall remain in the Trust Certificate Account on any the final Distribution Date in any month following distributions distribution of (i) the Net Interest Lower Tier Distribution Amount for such Distribution Date month and (ii) any required deposit to the Principal Distribution Amount for such Distribution DateFunding 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 Section 3.02 Sections 2.03 and 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC or Trust Fund, as applicable.

Appears in 1 contract

Samples: Trust Agreement

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