Common use of Permitted Withdrawals and Transfers from the Certificate Account Clause in Contracts

Permitted Withdrawals and Transfers from the Certificate Account. (a) The Trustee will, from time to time on demand of the Master Servicer, make or cause to be made such withdrawals or transfers from the Certificate Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements. The Trustee may clear and terminate the Certificate Account pursuant to Section 10.01 and remove amounts from time to time deposited in error. (b) On each Distribution Date, the Trustee shall pay the amount distributable to the Holders of the Certificates in accordance with Section 6.01 from the funds in the Certificate Account. The Trustee shall direct any investments of the Certificate Account and may retain for its own account the amount of investment earnings, net of losses, from the Certificate Account. (c) On an ongoing basis, the Trustee shall withdraw from the Certificate Account any expenses recoverable by the Trustee pursuant to Sections 7.01 and 9.05.

Permitted Withdrawals and Transfers from the Certificate Account. (a) The Trustee will, from time to time on demand of the Master ServicerServicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Certificate Account as the Master Servicer has designated for such transfer or withdrawal pursuant to the Servicing Agreements. The Trustee may clear and terminate the Certificate Account pursuant to Section 10.01 and remove amounts from time to time deposited in error. (b) On each Distribution Date, the Trustee shall pay the amount distributable to the Holders of the Certificates in accordance with Section 6.01 from the funds in the Certificate Account. The Trustee shall direct any investments of the Certificate Account and may retain for its own account the amount of investment earnings, net of losses, from the Certificate Account. (c) On an ongoing basis, the Trustee shall withdraw from the Certificate Account any expenses recoverable by the Trustee or the Securities Administrator pursuant to Sections 7.01 and 9.05. (c) On each Distribution Account Deposit Date, the Trustee will transfer all amounts on deposit in the Certificate Account to the Distribution Account.