Common use of Withdrawals from Note Payment Account Clause in Contracts

Withdrawals from Note Payment Account. Subject to Section 5.01(e), ------------------------------------- no later than 11:00 a.m. (New York City time) on the second Business Day prior to each Payment Date, to the extent funds are available in the Note Payment Account, the Indenture Trustee (based on the information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall either (1) retain funds in the Note Payment Account for payment or distribution on such Payment Date or (2) make withdrawals from the Note Payment Account and deposits into the other Trust Accounts as indicated, in each case as specified below and in the following order of priority:

Withdrawals from Note Payment Account. Subject to Section 5.01(e), ------------------------------------- no later than 11:00 a.m. (New York City time) on the second Business Day prior to each Payment Date, to the extent funds are available in the Note Payment Account, the Indenture Trustee (based on the information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall either (1) retain funds in the Note Payment Account for payment or distribution on such Payment Date or (2) make withdrawals from the Note Payment Account and deposits into the other Trust Accounts as indicated, in each case as specified below and in the following order of priority:

Withdrawals from Note Payment Account. Subject to Section 5.01(e), no ------------------------------------- no later than 11:00 a.m. (New York City time) on the second Business Day prior to each Payment Date, to the extent funds are available in the Note Payment Account, the Indenture Trustee (based on the information contained in the Servicer's Monthly Remittance Report for such Payment Date) shall either (1) retain funds in the Note Payment Account for payment or distribution on such Payment Date or (2) make withdrawals from the Note Payment Account and deposits into the other Trust Accounts as indicated, in each case as specified below and in the following order of priority: