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

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.