Common use of Withdrawals from the Collection Account Clause in Contracts

Withdrawals from the Collection Account. Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.01; and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee.

Withdrawals from the Collection Account. (a) Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.018.01(a); and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee. (b) Reserved.

Withdrawals from the Collection Account. Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.01; and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee.

Withdrawals from the Collection Account. Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.01; and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. 45 If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee.

Withdrawals from the Collection Account. (a) Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.018.01(a); and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee. (b) Reserved. (c) Reserved.

Withdrawals from the Collection Account. Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.01; and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee.

Withdrawals from the Collection Account. (a) Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.018.01(a); and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee. (b) Reserved.

Withdrawals from the Collection Account. (a) Upon delivery of an Officer's Certificate to the Indenture Trustee, the Master Servicer may withdraw funds with respect to the relevant Loan Group from the Collection Account for the following purposes: : (i) to pay to the Master Servicer its Servicing Fee to the extent that it has not been retained pursuant to Section 3.02(b) of the Sale and Servicing Agreement; ; (ii) to pay to the Master Servicer net earnings on amounts on deposit in the Collection Account as provided in Section 8.018.01(a); and and (iii) to pay from Principal Collections for the relevant Loan Group the amounts provided for the purchase of Additional Balances pursuant to Section 2.01 of the Sale and Servicing Agreement. If the Master Servicer deposits in the Collection Account any amount not required to be deposited or any amount representing payments by mortgagors made by checks subsequently returned uncollected, it may at any time withdraw that amount from the Collection Account upon delivery of an Officer's Certificate to the Indenture Trustee.