Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and remove amounts from time to time deposited in error. (b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a). (c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator for deposit therein) any Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans. (d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac5), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac3), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac6)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will, from time to time on demand of the Master a Servicer or the Securities AdministratorTrustee, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 10.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, Servicer or the Custodian or the Securities Administrator pursuant to Sections 4.033.03, 8.03, 8.04 7.03 and 10.059.05 and (ii) any amounts payable to the Master Servicer as set forth in Section 3.14; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a7.03(a).
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator Trustee for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. noon New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator Trustee for deposit in the Distribution Account.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Prime Mortgage Trust 2007-2), Pooling and Servicing Agreement (Prime Mortgage Trust 2007-3), Pooling and Servicing Agreement (Prime Mortgage Trust 2006-2)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a).
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator for deposit therein) any Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account.
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac4), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac9), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac7)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 7.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 3.02 and 10.055.04 hereof and Section 6.07 of the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 3.13; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)5.03.
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator for deposit therein) any Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Saco I Trust 2005-Gp1), Sale and Servicing Agreement (Saco I Trust 2005-Gp1)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will, from time to time on demand of the Master a Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 10.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator or the Custodian pursuant to Sections 4.033.03, 8.037.04 and 9.05 and (ii) any amounts payable to the Master Servicer as set forth in Section 3.14; provided, 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a7.03(a).
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator Trustee for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator Paying Agent for deposit in the Distribution Account.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Bankunited Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1), Pooling and Servicing Agreement (Bankunited Trust 2005-1, Mortgage Pass-Through Certificates, Series 2005-1)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related ▇▇▇▇▇ Fargo Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 7.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 3.02 and 10.055.04 hereof and Section 6.07 of the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 3.13; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a5.03(a).
(c) In addition, on or before each Distribution Payment Account Deposit Date, the Master Servicer shall deposit in the Distribution Payment Account (or remit to the Securities Administrator for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (Bear Stearns ARM Trust 2006-1), Sale and Servicing Agreement (Bear Stearns ARM Trust 2006-1)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will, from time to time on demand of the Master Servicer Servicers or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 8.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 4.02 and 10.056.04 hereof and Section 6.07 of the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 4.13; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)6.03.
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator for deposit therein) any Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 2 contracts
Sources: Sale and Servicing Agreement (SACO I Trust 2006-8), Sale and Servicing Agreement (SACO I Trust 2006-1)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing AgreementAgreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay any expenses, costs and liabilities expenses recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a).
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator Trustee for deposit therein) any Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds available funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator Trustee for deposit in the Distribution Account.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns Asset Backed Sec Inc Asst Bk Cert Ser 2002-Ac3), Pooling and Servicing Agreement (Bear Stearns Asset Backed Certificates Series 2002-Ac4)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 10.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator or the Custodian pursuant to Sections 4.033.03, 8.037.04 and 9.05 and (ii) any amounts payable to the Master Servicer and the Seller as set forth in Section 3.14; provided, 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a7.03(a).
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator Trustee for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator Paying Agent for deposit in the Distribution Account.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2005-10)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related ▇▇▇▇▇ Fargo Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 6.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 any provision of any Basic Document as provided in this Agreement and 10.05the Indenture and (ii) any amounts payable to the Master Servicer as set forth in the Indenture; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)4.03.
(c) In addition, on at or before 10:00 a.m. New York time on each Distribution Account Deposit Payment Date, the Master Servicer shall deposit in the Distribution Payment Account (or remit to the Securities Administrator for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. 10:00 a.m. New York time on each Distribution Account Deposit Payment Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 1 contract
Sources: Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related ▇▇▇▇▇ Fargo Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 6.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 3.02 and 10.053.04 hereof as provided in this Agreement and the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 2.13; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)3.03.
(c) In addition, on or before each Distribution Account Deposit Payment Date, the Master Servicer shall deposit in the Distribution Payment Account (or remit to the Securities Administrator for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. 10:00 a.m. New York time on each Distribution Account Deposit Payment Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 1 contract
Sources: Master Servicing Agreement (Citigroup Mortgage Loan Trust 2005-11)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related W▇▇▇▇ Fargo Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 7.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 3.02 and 10.055.04 hereof and Section 6.07 of the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 3.13; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a5.03(a).
(c) In addition, on or before each Distribution Payment Account Deposit Date, the Master Servicer shall deposit in the Distribution Payment Account (or remit to the Securities Administrator for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-9)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 10.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator or the Custodian pursuant to Sections 4.033.03, 8.03, 8.04 7.03 and 10.059.05 and (ii) any amounts payable to the Master Servicer as set forth in Section 3.14; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a7.03(a).
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator Trustee for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator Paying Agent for deposit in the Distribution Account.
Appears in 1 contract
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will, from time to time on demand of the Master Servicer Servicers or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing AgreementAgreements. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 8.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 4.02 and 10.056.04 hereof and Section 6.07 of the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 4.13; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)6.03.
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator for deposit therein) any Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 1 contract
Sources: Sale and Servicing Agreement (Bear Stearns Second Lien Trust 2007-1)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 and 10.05; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a).
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator for deposit therein) any Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2005-Ac8)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will, from time to time on demand of the Master a Servicer or the Securities AdministratorTrustee, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 10.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, Servicer or the Custodian or the Securities Administrator pursuant to Sections 4.033.03, 8.03, 8.04 7.03 and 10.059.05 and (ii) any amounts payable to the Master Servicer as set forth in Section 3.14; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a7.03(a).
. NYSCEF (c) In additionDc)OCI.n adNdiOtio.n, on or o8n8o7r before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator for deposit thereinAccoRunEt C(oEr rIemViEt tDo thNe TYrSusCteEe Ffo:r dep1o0sit/t1he3re/in2) any a0n2y 0 Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator for deposit in the Distribution Account.
Appears in 1 contract
Sources: Pooling and Servicing Agreement
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related W▇▇▇▇ Fargo Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 6.10 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 any provision of any Basic Document as provided in this Agreement and 10.05the Indenture and (ii) any amounts payable to the Master Servicer as set forth in the Indenture; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a)4.03.
(c) In addition, on at or before 10:00 a.m. New York time on each Distribution Account Deposit Payment Date, the Master Servicer shall deposit in the Distribution Payment Account (or remit to the Securities Administrator for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. 10:00 a.m. New York time on each Distribution Account Deposit Payment Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator for deposit in the Distribution Payment Account.
Appears in 1 contract
Sources: Servicing Agreement (Bear Stearns Arm Trust, Mortgage-Backed Notes, Series 2005-5)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a) The Master Servicer will, from time to time on demand of the a WF Servicer, a Sub-Master Servicer or the Securities Administrator, make or cause to be made such withdrawals or transfers from the Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement, the related Sub-Master Servicing Agreement and or the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 10.01 and remove amounts from time to time deposited in error.
(b) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities expenses recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator or the Custodian pursuant to Sections 4.033.03, 8.03, 8.04 7.04 and 10.05; provided however, that 9.05 and (ii) any amounts payable to the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under as set forth in Section 8.03(a)3.14.
(c) In addition, on or before each Distribution Account Deposit Date, the Master Servicer shall deposit in the Distribution Account (or remit to the Securities Administrator Trustee for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d) No later than 3:00 p.m. New York time on each Distribution Account Deposit Date, the Master Servicer will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Date to the Securities Administrator Trustee for deposit in the Distribution Account.
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Sources: Pooling and Servicing Agreement (Structured Asset Mort Invest Inc Mort Pas THR Cert Se 03 Cl1)
Permitted Withdrawals and Transfers from the Master Servicer Collection Account. (a01) The Master Servicer 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 Master Servicer Collection Account as the Master Servicer has designated for such transfer or withdrawal pursuant to this Agreement and the related Servicing Agreement. The Master Servicer may clear and terminate the Master Servicer Collection Account pursuant to Section 11.01 7.10 and remove amounts from time to time deposited in error.
(b02) On an ongoing basis, the Master Servicer shall withdraw from the Master Servicer Collection Account to pay itself as provided in Section 4.14 and to pay (i) any expenses, costs and liabilities recoverable by the Trustee, the Master Servicer, the Custodian Servicer or the Securities Administrator pursuant to Sections 4.03, 8.03, 8.04 3.03 and 10.055.04 hereof and Section 6.07 of the Indenture and (ii) any amounts payable to the Master Servicer as set forth in Section 3.14; provided however, that the Master Servicer shall be obligated to pay from its own funds any amounts which it is required to pay under Section 8.03(a5.03(a).
(c03) In addition, on or before each Distribution Payment Account Deposit Date, the Master Servicer shall deposit in the Distribution Payment Account (or remit to the Securities Administrator for deposit therein) any Monthly Advances with respect to each Loan Group required to be made by the Master Servicer with respect to the Mortgage Loans.
(d04) No later than 3:00 p.m. New York time on each Distribution Payment Account Deposit Date, the Master Servicer Securities Administrator will transfer all Group I Available Funds and Group II Available Funds on deposit in the Master Servicer Collection Account with respect to the related Distribution Payment Date to the Securities Administrator Indenture Trustee for deposit in the Distribution Payment Account.
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