Common use of Withdrawals from Collection Account Clause in Contracts

Withdrawals from Collection Account. The Indenture Trustee, at the direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the Servicing Advance Reimbursement Amount; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.

Appears in 4 contracts

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998-1), Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2), Sale and Servicing Agreement (Life Financial Home Loan Owner Trust 1997-3)

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Withdrawals from Collection Account. The Indenture Trustee, at the direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the Servicing Advance Servicer Reimbursement Amount; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1997-4), Sale and Servicing Agreement (Ditech Funding Corp Home Loan Owner Trust 1997-1)

Withdrawals from Collection Account. The Indenture Trustee, at the direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the any Servicing Advance Reimbursement AmountAmounts; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv), Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

Withdrawals from Collection Account. The Indenture Trustee, at the direction ----------------------------------- of the Servicer, Servicer shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the Servicing Advance Servicer Reimbursement Amount; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.). ---------------

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)

Withdrawals from Collection Account. The Indenture Trustee, at the ----------------------------------- direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the Servicing Advance Servicer Reimbursement Amount; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.. ---------------

Appears in 1 contract

Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)

Withdrawals from Collection Account. The Indenture Trustee, at the direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (iA) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (iiB) to withdraw the any Servicing Advance Reimbursement Amount;Amounts; and (iiiC) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1)

Withdrawals from Collection Account. The Indenture Trustee, at the direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the Servicing Advance Reimbursement Amount[Reserved]; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2)

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Withdrawals from Collection Account. The Indenture Trustee, at the direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the any Servicing Advance Reimbursement Amount;Amounts; and (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)

Withdrawals from Collection Account. The Indenture Trustee, at the ----------------------------------- direction of the Servicer, Servicer shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the Servicing Advance Servicer Reimbursement Amount; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e) hereof.). ---------------

Appears in 1 contract

Samples: Sale and Servicing Agreement (Financial Asset Securities Corp)

Withdrawals from Collection Account. The Indenture Trustee, at the direction of the Servicer, shall also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw the any Servicing Advance Reimbursement AmountAmounts; (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement; and (iv) to make the payments set forth in Section 9.01(e5.01(e) hereof.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Ditech Home Loan Ownr 1998-1)

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