Withdrawals From Escrow Account. Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law, (e) for application to restore or repair of the Mortgaged Property, (f) to pay to the Mortgagor, to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the Mortgagor), (h) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (i) to withdraw suspense payments that are deposited into the Escrow Account, (j) to withdraw any amounts inadvertently deposited in the Escrow Account or (k) to clear and terminate the Escrow Account upon the termination of this Agreement.
Withdrawals From Escrow Account. 45 Subsection 11.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder......................46 Subsection 11.09
Withdrawals From Escrow Account. Withdrawals from the Escrow Account shall be made by the Servicer, only
Withdrawals From Escrow Account. (a) Disbursement Of 10% Of Escrow Funds. If the Escrow Agent receives, on or before the Termination Date, subscriptions in an aggregate amount of not less than $18,000,000 and written acceptance of each subscriber's subscription by OTEC, and OTEC has met the Release Conditions set forth in Paragraph 4(c) below, then the Escrow Agent shall disburse, upon written instruction from OTEC, substantially in the form attached hereto as Exhibit A, 10% of the subscription payments held in the Escrow Account to OTEC ("Initial Disbursement"). If the Escrow Agent receives additional subscription payments after the Initial Disbursement, the Escrow Agent shall deposit the subscription payments into the Escrow Account and upon receiving written instruction from OTEC, substantially in the form attached hereto as Exhibit A, shall disburse to OTEC 10% of all subscription payments received after the Initial Disbursement. The Escrow Agent shall retain the remaining 90% of all subscription payments in the Escrow Account to be disbursed as set forth in Section 4(b) below.
Withdrawals From Escrow Account. Withdrawals from the Escrow Account shall be made by the Seller only (a) to effect timely payments of ground rents, taxes, assessments, premiums for Primary Mortgage Insurance Policies, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage, (b) to reimburse the Seller for any Servicing Advance made by Seller pursuant to Subsection 11.08 hereof with respect to a related Mortgage Loan, (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan, (d) for transfer to the Custodial Account upon default of a Mortgagor or in accordance with the terms of the related Mortgage Loan and if permitted by applicable law,
Withdrawals From Escrow Account. 34 Subsection 11.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.....................................................34 Subsection 11.09 Transfer of Accounts...........................................35 Subsection 11.10 Maintenance of Hazard Insurance................................35 Subsection 11.11 Maintenance of Primary Mortgage Insurance Policy; Claims.......36 Subsection 11.12 Fidelity Bond; Errors and Omissions Insurance..................36 Subsection 11.13 Title, Management and Disposition of REO Property..............37 Subsection 11.14
Withdrawals From Escrow Account. Section 10.13. Payment of Taxes, Insurance and Other Charges; Maintenance of Primary Mortgage Insurance Policies.
Withdrawals From Escrow Account. 12 Section 4.8 Servicing Advances................................ 13 Section 4.9 Monthly Remittance Reports........................ 13 Section 4.10
Withdrawals From Escrow Account. 17 Section 3.08. Payment of Taxes, Insurance and Other Charges ...................... 18 Section 3.09.
Withdrawals From Escrow Account. Husker Ag shall not withdraw funds from the Escrow Account for use by Husker Ag prior to the time that the following conditions are met (the "Release Conditions"): (a) Husker Ag closes the offering and has obtained signed Subscription Agreements for sales of membership units totaling at least $13,000,000; (b) Husker Ag has obtained a commitment letter for financing construction of the ethanol plant; (c) there shall not be any legal orders prohibiting the offering or release of funds from escrow, or orders from the United States Securities and Exchange Commission revoking the effectiveness of the Registration Statement related to the offering, and (d) the Escrow Agent has contacted the Securities Bureau of the Nebraska Department of Banking and Finance (the "Bureau") and the Bureau has indicated that the funds may be released from the Escrow Account.
