Common use of Withdrawals from Certificate Account Clause in Contracts

Withdrawals from Certificate Account. The Servicer may direct the Trustee in writing (by delivering each Remittance Report) to withdraw funds on deposit in the Certificate Account for the following purposes: (1) to reimburse itself for any Advances previously made by the Servicer, which Advances remain unreimbursed to the Servicer, out of Related Proceeds or, if such Advances have been determined by the Servicer to have become Non-Recoverable Advances, out of any funds on deposit in the Certificate Account; (2) to pay any Servicing Fees and other servicing compensation provided for herein due to the Servicer; provided, however, that if BCI is the Servicer and a Servicing Fee Event is not in effect, it shall only be entitled to withdraw its Servicing Fee in respect of any Distribution Date from the Certificate Account in accordance with this clause to the extent the amounts on deposit in the Certificate Account and attributable to the Available Distribution Amount for such Distribution Date exceed the sum of all amounts to be distributed on the Certificates of the related Series on such Distribution Date prior to the distribution to BCI of its Servicing Fees as described in the related Pooling and Servicing Agreement in the Section thereof entitled "Distributions"; and (3) to enable the Servicer to remit the Remittance Amount on each Remittance Date, as described in Section 3.07(b) below.