Withdrawals From Escrow Accounts. The Seller shall make withdrawals from the applicable Escrow Account for the following:
Withdrawals From Escrow Accounts. 4.1Withdrawals during the Construction Period It is expressly agreed between the Parties hereto that during the Construction Period, at the beginning of every month, or at such shorter intervals as the Lenders’ Representative, the Developer and Authority may, by written instructions determine, the Escrow Bank shall withdraw amounts from the Escrow Account and appropriate them in the following order by depositing such amounts in the relevant Sub-Accounts for making due payments, and if such payments are not due in any month, then retain such monies in such Sub-Accounts and pay out therefrom on the payment date(s):
Withdrawals From Escrow Accounts. Option One shall make withdrawals from the applicable Escrow Account for the following:
Withdrawals From Escrow Accounts. 36 Section 5.09. Payment of Taxes, Insurance and Other Charges; Maintenance of PMI Policies; Collections Thereunder. 37 Section 5.10. Account Requirements; Transfer of Accounts. 39 Section 5.11. Maintenance of Hazard Insurance. 39 Section 5.12. Maintenance of Mortgage Impairment Insurance Policy. 41 Section 5.13. Fidelity Bond, Errors and Omissions, and Other Insurance. 41 Section 5.14. Title, Management and Disposition of REO Property. 42 Section 5.15. Remittances; Compensating Interest. 43
Withdrawals From Escrow Accounts. The Subservicer shall make withdrawals from the applicable Escrow Account for the following, subject to Applicable Servicing Practices and, as applicable, Agency Requirements:
Withdrawals From Escrow Accounts. MBIA shall have the sole authority to make withdrawals from the MBIA Escrow Account. Xxxxx Fargo shall have the sole authority to make withdrawals from the Xxxxx Fargo Escrow Account. Chase shall have the sole authority to make withdrawals from the Chase Escrow Account. BONY shall have the sole authority to make withdrawals from the BONY Escrow Account. MBIA, Xxxxx Fargo, Chase and BONY are referred to herein as the "Controlling Party" with respect to the MBIA Escrow Account, the Xxxxx Fargo Escrow Account, the Chase Escrow Account and the BONY Escrow Account, respectively. Any Controlling Party may withdraw from its escrow account to pay or reimburse an amount properly owing to it hereunder or under any Pooling and Servicing Agreement or other Documents. In addition, any Controlling Party may in its sole and absolute discretion permit the withdrawal from its escrow account to pay or reimburse an amount properly owing hereunder to any other Controlling Party. Withdrawals may be made with five (5) business days prior notice to (1) First Alliance or its designee and (2) at the option of First Alliance or its designee, its counsel as set forth in prior written notices from First Alliance or its designee to MBIA and the Trustees received at least ten (10) business days before the sending of the notice of withdrawal.
