Permitted Withdrawals from the Certificate Account Sample Clauses

Permitted Withdrawals from the Certificate Account. The Trustee may, from time to time as provided herein, make withdrawals from the Certificate Account of amounts deposited in said account pursuant to Section 5.05 that are attributable to the Contracts for the following purposes: a. to make payments in the amounts and in the manner provided for in Section 8.03; b. to pay to the Company with respect to each Contract or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 3.05, all amounts received thereon and not required to be distributed to Certificateholders as of the date on which the related Scheduled Principal Balance or Repurchase Price is determined; c. to reimburse the Servicer out of Liquidation Proceeds for Liquidation Expenses incurred by it, to the extent such reimbursement is permitted pursuant to Section 5.08; d. to withdraw any amount deposited in the Certificate Account that was not required to be deposited therein; or e. to make any rebates or adjustments deemed necessary by the Servicer pursuant to Section 5.06(d). Since, in connection with withdrawals pursuant to clause (b), the Company's entitlement thereto is limited to collections or other recoveries on the related Contract, the Servicer shall keep and maintain separate accounting, on a Contract by Contract basis, for the purpose of justifying any withdrawal from the Certificate Account pursuant to such clause.

Permitted Withdrawals from the Certificate Account. The Trustee shall withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.05; (b) to pay to the Seller with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.04 or 2.05 or to pay to the Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased all amounts received thereon and not required to be distributed as of the date on which the related repurchase or purchase price or Principal Balance was determined; (c) to pay the Servicer any interest earned on or investment income earned with respect to funds in the Certificate Account; (d) to return to the Collection Account any amount deposited in the Certificate Account that was not required to be deposited therein; and (e) to clear and terminate the Certificate Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Certificate Account pursuant to each of subclauses (a) through (e) listed above.

Permitted Withdrawals from the Certificate Account. The Servicer may, from time to time as provided herein, make withdrawals from the Certificate Account of amounts deposited therein pursuant to Section 4.05 that are attributable to the Contracts for the following purposes: (i) to pay to the Contract Seller with respect to each Contract sold by it or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 3.05, all amounts received thereon that are specified in such Section to be property of the Contract Seller; (ii) to reimburse itself for the payment of taxes or charges out of Liquidation Proceeds (to the extent not previously retained from such Liquidation Proceeds prior to their deposit) or out of payments expressly made by the related Obligor to reimburse the Servicer for such taxes or charges, as permitted by Section 4.06; (iii) to pay to itself the Senior Monthly Servicing Fee and Servicer Deficiency Amounts and Repossession Profits, if any; (iv) to reimburse itself or a previous Servicer out of Liquidation Proceeds (to the extent not previously retained from Liquidation Proceeds prior to their deposit in the Certificate Account) in respect of a Manufactured Home and out of payments by the related Obligor (to the extent of payments expressly made by the Obligor to reimburse the Servicer for insurance premiums) for expenses incurred by it in respect of such Manufactured Home that are specified in this Agreement as being reimbursable to it or to a previous Servicer; (v) to reimburse itself for any Nonrecoverable Advances and for Monthly Advances in respect of Liquidated Contracts, in each case, in accordance with Section 5.01(c); (vi) after the Class A-1 Certificate Balance, Class A-2 Certificate Balance and Class A-3 Certificate Balance have been reduced to zero, all amounts owing to the Special Account have been deposited and all amounts owing to the LOC Provider have been reimbursed, to reimburse the Servicer and the REMIC Administrator, pro rata, for expenses incurred and reimbursable to the Servicer pursuant to Section 7.05 and to the REMIC Administrator pursuant to Section 4.17(c); and (vii) to withdraw any amount deposited in the Certificate Account that was not required to be deposited therein (including any collections on the Contracts that, pursuant to Section 2.01(a), are not part of the Trust Fund and amounts permitted to be withdrawn pursuant to Section 11.12(ii) hereof)). Since, in connection with withdrawals pursuant to clauses (i), (ii) and (iv) of...

Permitted Withdrawals from the Certificate Account. The Trustee may, from time to time as provided herein, make withdrawals from the Certificate Account of amounts deposited in said account pursuant to Section 5.05 that are attributable to the Contracts for the following purposes:

Permitted Withdrawals from the Certificate Account. The Trustee may from time to time withdraw funds from the Certificate Account for the following purposes: (i) to make distributions in the amounts and in the manner provided for in Section 3.05; (ii) to pay to the Person entitled thereto any amount deposited in the Certificate Account in error; (iii) to clear and terminate the Certificate Account upon the termination of this Agreement; and (iv) to pay itself, as additional compensation, the net reinvestment income permitted to be paid to it as provided in Section 3.03(b). On each Distribution Date, the Trustee shall withdraw all funds from the Certificate Account and shall use such funds withdrawn from the Certificate Account only for the purposes described in this Section 3.04 and in Section 3.05.

Permitted Withdrawals from the Certificate Account. The Trustee shall, in accordance with the Master Servicer's written directions (in the case of (a), (b), (d) or (e) below) to the Trustee as described in Section 6.5, withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.5(a) and 6.5(b); (b) to pay to or upon the direction of the Transferor with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.4 or 3.3 or to pay to the Master Servicer with respect to each Mortgage Loan or property acquired in respect thereof that has been purchased all amounts received thereon deposited in the Certificate Account that do not constitute property of the Trust Fund; (c) to pay the Trustee any interest earned on or investment income earned with respect to funds in the Certificate Account; (d) to return to the Collection Account any amount deposited in the Certificate Account that was not required to be deposited therein; and (e) to clear and terminate the Certificate Account upon termination of the Trust Fund pursuant to Article VIII. The Trustee shall keep and maintain a separate accounting for withdrawals from the Certificate Account pursuant to each of subclauses (a) through (e) listed above.

Permitted Withdrawals from the Certificate Account. The Trustee may from time to time withdraw funds from the Certificate Account for the following purposes: (i) to make payments to Certificateholders in the amounts and in the manner provided in Section 3.04; (ii) to reimburse the Depositor for expenses incurred by and reimbursable to the Depositor with respect to the REMIC pursuant to Section 6.03; (iii) to pay any taxes imposed upon the REMIC, as provided in Section 3.01(b); and (iv) to clear and terminate the Certificate Account upon the termination of the Trust Fund.

Permitted Withdrawals from the Certificate Account. The Owner Trustee may from time to time withdraw funds from the Certificate Account for the following purposes: (i) to make payments on the Owner Trust Certificates in the amounts and in the manner provided for in Section 4.2 hereunder; (ii) to pay itself any unpaid Owner Trustee Fees, but only to the extent of amounts on deposit in the Certificate Account representing amounts received in respect of the Mortgage Loans; (iii) to reimburse or indemnify the Owner Trustee for expenses and other liabilities incurred by and reimbursable to the Owner Trustee, pursuant to Section 7.2 hereunder, except as otherwise provided in such section; and (iv) to clear and terminate the Certificate Account upon the termination of this Deposit Trust Agreement. On each Payment Date, the Owner Trustee shall withdraw all funds from the Certificate Account and shall use such funds withdrawn from the Certificate Account only for the purposes described in this Section 3.2 and Section 4.2 hereunder.

Permitted Withdrawals from the Certificate Account. The Grantor Trust Trustee may from time to time withdraw funds from the Certificate Account for the following purposes: (i) to make distributions in the amounts and in the manner provided for in Section 3.05; (ii) to pay to the Person entitled thereto any amount deposited in the Certificate Account in error; (iii) to clear and terminate the Certificate Account upon the termination of this Agreement; and (iv) to pay itself, as additional compensation, the net reinvestment income permitted to be paid to it as provided in Section 3.03(b). On each Distribution Date, the Grantor Trust Trustee shall withdraw all funds from the Certificate Account and shall use such funds withdrawn from the Certificate Account only for the purposes described in this Section 3.04 and in Section 3.05.