Common use of Withdrawals from Certificate Account Clause in Contracts

Withdrawals from Certificate Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Mae for application towards the distributions required hereby.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Date in any month following distribution of the Certificate Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Xxx as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae for any advance by it pursuant to such guaranty obligations under Section 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.

Withdrawals from Certificate Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Mae Xxx for application towards the distributions required hereby.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Date in any month following distribution of the Certificate Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Xxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae Xxx for any advance by it pursuant to such guaranty obligations under Section 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.

Withdrawals from Certificate Account. Amounts credited to the Certificate Account on any Distribution Date shall be withdrawn by Xxxxxx Mae Xxx for application towards the distributions required hereby.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Date in any month following distribution of the Certificate Distribution Amount for such month, such amounts may be withdrawn by Xxxxxx Xxx Mae as compensation for its administrative and guaranty obligations or as reimbursement to Xxxxxx Mae Xxx for any advance by it pursuant to such guaranty obligations under Section 3.07 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.