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

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 The Trustee shall withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.05; (b) to pay to the Seller with respect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 The Trustee shall withdraw or cause to be withdrawn funds from the Certificate Account for the following purposes: (a) to effect the distributions described in Section 6.05; (b) to pay to the Seller with respect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 (ef) listed above.

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; (e) to pay itself the Trustee Fee or make other reimbursements to itself in accordance with Section 9.05; and (ef) 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 (ef) listed above.

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 Unaffiliated Seller with respect to each Mortgage Loan or property acquired in respect thereof that has been repurchased or replaced pursuant to Section 2.04 2.05 or 2.05 3.03 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 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 Depositor 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 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 6.056.5; (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 2.6 or 2.05 3.3 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 itself 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 (ef) listed above.

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 Unaffiliated 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 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 3.03 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 AccountAccounts; (d) to return to the Collection Account any amount deposited in the Certificate Account that was not required to be deposited therein; (e) to make reimbursements to itself in accordance with Section 9.05; and (ef) to clear and terminate the Certificate Account Accounts upon termination of any 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 (ef) listed above.

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 or the Originator, as applicable, 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 3.03 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 itself and the Servicer any interest earned on or investment income earned with respect to funds in the Certificate AccountAccount as provided in Section 6.01; (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 any 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 shall withdraw or cause to be withdrawn funds from the Certificate Account for each Trust for the following purposes: (a) to effect the distributions described in Section 6.056.5; (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 2.6 or 2.05 3.3 or to pay to the Servicer with respect to each related 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 itself any interest earned on or investment income earned with respect to funds in the Certificate Account; (d) to return to the related 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 (ef) listed above.