Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will, from time to time on demand of the Master Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement or any Servicing Agreement or as the Securities Administrator has instructed hereunder for the following purposes (limited in the case of amounts due the Master Servicer to those not withdrawn from the Master Servicer Collection Account in accordance with the terms of this Agreement; provided that the Trustee shall not be responsible for such determination and may rely on the Master Servicer's or the Securities Administrator's instructions under this Section 5.08):
(i) to reimburse the Master Servicer, the Company or the related Servicer for any Advance or Servicing Advance of its own funds, the right of the Master Servicer, the Company or the related Servicer to reimbursement pursuant to this subclause (i) being limited to amounts received on a particular Mortgage Loan (including, for this purpose, the Repurchase Price therefor, Insurance Proceeds and Liquidation Proceeds) which represent late payments or recoveries of the principal of or interest on such Mortgage Loan respecting which such Advance or Servicing Advance was made;
(ii) to reimburse the Master Servicer, the Company or the related Servicer from Insurance Proceeds or Liquidation Proceeds relating to a particular Mortgage Loan for amounts expended by the Master Servicer, the Company or the related Servicer in good faith in connection with the restoration of the related Mortgaged Property which was damaged by an uninsured cause or in connection with the liquidation of such Mortgage Loan;
(iii) to reimburse the Master Servicer, the Company or the related Servicer from Insurance Proceeds relating to a particular Mortgage Loan for insured expenses incurred with respect to such Mortgage Loan and to reimburse the Master Servicer, the Company or the related Servicer from Liquidation Proceeds from a particular Mortgage Loan for Liquidation Expenses incurred with respect to such Mortgage Loan; provided that the Master Servicer shall not be entitled to reimbursement for Liquidation Expenses with respect to a Mortgage Loan to the extent that (i) any amounts with respect to such Mortgage Loan were paid as Excess Liquidation Proceeds pursuant to clause (x) of this Subsection (a) to the Master Servicer; and (ii) such Liquidat...
Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee shall, from time to time, withdraw or transfer funds from the Distribution Account to the Servicer, to the Custodian or to itself for the following purposes:
(i) to reimburse the Servicer for any Advance of its own funds, the right of the Servicer to reimbursement pursuant to this subclause (i) being limited to amounts received on a particular Mortgage Loan (including, for this purpose, the Purchase Price therefor, Insurance Proceeds and Liquidation Proceeds) which represent late payments or recoveries of the principal of or interest on such Mortgage Loan respecting which such Advance was made;
(ii) to reimburse the Servicer from Insurance Proceeds or Liquidation Proceeds relating to a particular Mortgage Loan for amounts expended by the Servicer in good faith in connection with the restoration of the related Mortgaged Property which was damaged by an Uninsured Cause or in connection with the liquidation of such Mortgage Loan;
(iii) to reimburse the Servicer from Insurance Proceeds relating to a particular Mortgage Loan for insured expenses incurred with respect to such Mortgage Loan and to reimburse the Servicer from Liquidation Proceeds from a particular Mortgage Loan for Liquidation Expenses incurred with respect to such Mortgage Loan;
(iv) to pay the Servicer, as appropriate, from Liquidation Proceeds or Insurance Proceeds received in connection with the liquidation of any Mortgage Loan, the amount which the Servicer would have been entitled to receive under subclause (xii) of this Subsection 4.03(a) as servicing compensation on account of each defaulted scheduled payment on such Mortgage Loan if paid in a timely manner by the related Mortgagor;
(v) to pay the Servicer from the Purchase Price for any Mortgage Loan, the amount which the Servicer would have been entitled to receive under subclause (xii) of this Subsection 4.03(a) as servicing compensation;
(vi) to reimburse the Servicer for servicing related advances of funds, the right to reimbursement pursuant to this subclause being limited to amounts received on the related Mortgage Loan (including, for this purpose, the Purchase Price therefor, Insurance Proceeds and Liquidation Proceeds) which represent late recoveries of the payments for which such servicing advances were made;
(vii) to reimburse the Servicer for any Advance, after a Realized Loss has been allocated with respect to the related Mortgage Loan if the Advance has not been reimbursed pursuant to clauses (i) and (vi);
(v...
Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will make or cause to be made such withdrawals or transfers from the Distribution Account for the following purposes:
(i) to pay to itself the Trustee Fee;
(ii) to reimburse the Trustee, the Supplemental Interest Trust Trustee or the Derivative Administrator for expenses, costs and liabilities incurred by or reimbursable to it pursuant to this Agreement;
(iii) to pay investment income to the Trustee;
(iv) to remove amounts deposited in error;
(v) to make distributions to the Derivative Administrator for payment to the Swap Provider as provided in this Agreement; and
(vi) to clear and terminate the Distribution Account pursuant to Section 10.01.
(b) On each Distribution Date, the Trustee shall distribute Interest Funds and Principal Funds in the Distribution Account to the Holders of the Certificates in accordance with Section 5.04.
Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will make or cause to be made such withdrawals or transfers from the Distribution Account for the following purposes:
(i) to pay to itself the Trustee Fee;
(ii) to reimburse the Trustee for expenses, costs and liabilities incurred by or reimbursable to it pursuant to this Agreement;
(iii) to pay investment income to the Trustee;
(iv) to remove amounts deposited in error; and
(v) to clear and terminate the Distribution Account pursuant to Section 10.01.
(b) On each Distribution Date, the Trustee shall distribute Interest Funds and Principal Funds in the Distribution Account for each Loan Group to the holders of the Certificates in accordance with Section 5.04.
Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will make or cause to be made such withdrawals or transfers from the Distribution Account for the following purposes:
(i) to pay to itself the Trustee Fee;
(ii) to reimburse the Trustee, Supplemental Interest Trust Trustees or the Swap Administrator for expenses, costs and liabilities incurred by or reimbursable to it pursuant to this Agreement;
(iii) to pay investment income to the Trustee;
(iv) to remove amounts deposited in error;
(v) with respect to each Loan Group, to make distributions to the Swap Administrator for payment to the related Swap Provider as provided in this Agreement; and
(vi) to clear and terminate the Distribution Account pursuant to Section 10.01.
(b) On each Distribution Date, the Trustee shall distribute Interest Funds with respect to each Loan Group and Principal Funds with respect to each Loan Group in the Distribution Account to the Holders of the Certificates in accordance with Section 5.04.
Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will, from time to time on demand of the Master Servicer or the Securities Administrator, or for its own account as set forth below, make or cause to be made such withdrawals or transfers from the Distribution Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements or as the Securities Administrator has instructed hereunder for the following purposes:
(i) to return to the Master Servicer or the applicable Servicer, any amounts which should have been withdrawn from the Master Servicer Collection Account pursuant to Section 4.03(a);
(ii) to pay the Trustee its monthly Trustee Fee;
(iii) to reimburse the Trustee and the Delaware Trustee for expenses, costs and liabilities incurred by or reimbursable to it pursuant to Sections 7.04 or 9.05 (including those related to the Custodian, to the extent not paid by Xxxxxxxxx);
(iv) to make distributions of Retained Interest to the Retained Interest Holder on each Distribution Date;
(v) to pay to Xxxxxxxxx any investment income;
(vi) to remove amounts deposited in error; and
(vii) to clear and terminate the Distribution Account pursuant to Section 10.01.
(b) On each Distribution Date, the Trustee shall distribute Interest Funds and Principal Funds for such Distribution Date to the Holders of the Certificates in accordance with Section 6.01.
Permitted Withdrawals and Transfers from the Distribution Account. The Trustee shall withdraw funds from the Distribution Account for distribution to the Certificateholders in the manner specified in this Agreement, and to withhold from the amounts so withdrawn, the amount of any taxes that it is authorized to retain pursuant to the last paragraph of Section 9.12. In particular, on each Distribution Date, the Trustee shall distribute Interest Funds and Principal Funds to the Certificateholders in accordance with Section 5.04(a) and the Prepayment Charges in accordance with Section 5.04(d). In addition, the Trustee may from time to time make withdrawals from the Distribution Account for the following purposes:
(i) to pay itself the Trustee Fee and certain expenses and indemnification amounts as provided in Section 9.05, for the related Distribution Date;
(ii) to pay itself for any expenses as provided in Sections 4.03(a)(i), (vii) and (xii), without duplication thereof;
(iii) to withdraw any amount deposited in the Distribution Account and not required to be deposited therein pursuant to Section 4.03; and
(iv) to clear and terminate the Distribution Account upon termination of the Agreement pursuant to Section 10.01 hereof.
Permitted Withdrawals and Transfers from the Distribution Account. (a) The Trustee will make such withdrawals or transfers from the Distribution Account:
(i) to reimburse the Trustee or the Custodian for expenses, costs and liabilities incurred by or reimbursable to it pursuant to this Agreement;
(ii) to pay the Trustee as set forth in Section 10.05;
(iii) to remove amounts deposited in error;
(iv) to clear and terminate the Distribution Account pursuant to Section 11.01; and
(v) On each Distribution Date, the Trustee shall distribute the Interest Funds and Principal Funds to the extent of funds on deposit in the Distribution Account to the Holders of the Certificates in accordance with the Remittance Report upon which the Trustee may conclusively rely.
Permitted Withdrawals and Transfers from the Distribution Account. (a) The Paying Agent may clear and terminate the Distribution Account pursuant to Section 8.01(d) and remove amounts from time to time deposited in error into the Distribution Account.
(b) On an ongoing basis, the Paying Agent shall withdraw from the Distribution Account any expenses, disbursements and advances recoverable by the Grantor Trustee, the Paying Agent and the Certificate Registrar pursuant to Section 7.05 and any amounts payable as indemnification pursuant to Section 6.01.
(c) On each Distribution Date, the Paying Agent shall pay the amount distributable to the Swap Counterparty and the Holders of the Certificates in accordance with Section 5.01 from Available Funds in the Distribution Account.
Permitted Withdrawals and Transfers from the Distribution Account. The Trust Administrator shall, from time to time, make withdrawals from the Distribution Account, for any of the following purposes, without priority:
(i) to make distributions in accordance with Section 4.01;
(ii) to pay to the Trust Administrator on each Distribution Date the Administration Fee;
(iii) to pay any amounts in respect of taxes pursuant to Section 10.01(g);
(iv) without duplication of the amount set forth in clause (iii) above, to pay any Extraordinary Trust Fund Expenses to the extent not paid by the Master Servicer from the Master Servicer Collection Account;
(v) to pay to the Master Servicer, any interest or investment income earned on funds deposited in the Distribution Account;
(vi) to withdraw any amount deposited in the Distribution Account in error; and
(vii) to clear and terminate the Distribution Account pursuant to Section 9.01.
