Common use of Withdrawals from Collection Account Clause in Contracts

Withdrawals from Collection Account. No later than the second Business Day preceding each Distribution Date, the Indenture Trustee shall withdraw amounts from the Collection Account representing the Payments with respect to the related Determination Date on deposit therein and deposit such amounts into the Note Distribution Account and liquidate the Permitted Investments in which such amounts are invested and distribute all net investment earnings to the Servicer.

Withdrawals from Collection Account. No later than the second Business Day preceding each Distribution Date, the Indenture Trustee shall withdraw amounts from the Collection Account representing the Payments with respect to the related Determination such Distribution Date on deposit therein and deposit such amounts into the Note Distribution Account and liquidate the Permitted Eligible Investments in which such amounts are invested and distribute all net investment earnings to the Servicer.