Common use of Withdrawals from Note Payment Account Clause in Contracts

Withdrawals from Note Payment Account. To the extent funds are available in the Note Payment Account, the Indenture Trustee (based on the information provided by the Servicer contained in the Servicer's Monthly Remittance Report for such Payment Date) shall make withdrawals therefrom by 9:00 a.m. (New York City time) on each Payment Date, for application in the following order of priority:

Appears in 10 contracts

Samples: Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2), Sale and Servicing Agreement (Painewebber Mort Accept Corp Iv Empire Funding 1999-1), Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

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