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

Permitted Withdrawals from the Collection Account. The Servicer may, from time to time, make withdrawals from the Collection Account for the following purposes: i. to make payments to the Owner in the amounts and in the manner provided for in Section 6.02; ii. to pay itself for unreimbursed Servicing Advances, fees, and expenses prior to making payments to the Owner in the amounts and in the manner provided for in Section 6.02; iii. to pay to itself for unreimbursed Servicing Fees and any interest earned on funds in the Collection Account; iv. to pay itself, after liquidation of a Mortgage Loan, any accrued and unpaid Servicing Fees and Servicing Advances with respect to such liquidated Mortgage Loan; v. to reimburse the Advance Reserve Account for the payment of Servicing Fees upon a payment received for Performing Loans or upon the passing of the scheduled Mortgage Loan Due Date for non-performing loans. vi. to pay itself Ancillary Income; vii. to reimburse itself for any Non-recoverable Advance; viii. to remove funds inadvertently placed in the Collection Account in error by the Servicer or for which amounts previously deposited are returned unpaid due to a "not sufficient funds" or other denial by the obligor's banking institution; and ix. to clear and terminate the Collection Account upon the termination of this Agreement.

Permitted Withdrawals from the Collection Account. The Servicer may, from time to time, make withdrawals from the Collection Account for the following purposes: i. (i) to make payments to the Owner in the amounts and in the manner provided for in Section 6.02; (ii. ) to pay itself for unreimbursed Servicing Advances, fees, and expenses prior to making payments applying proceeds to the Owner in the amounts and in the manner provided for in Section 6.02prior servicer balances; (iii. ) to pay to itself for unreimbursed Servicing Fees and any interest earned on funds in the Collection Account; (iv. ) to pay itself, after liquidation of a Mortgage Loan, any accrued and unpaid Servicing Fees and Servicing Advances with respect to such liquidated Mortgage Loan; v. (v) to reimburse the Advance Reserve Account for the payment of pay itself Servicing Fees upon a payment received for Performing Loans or upon the passing of the scheduled Mortgage Loan Due Date for non-performing loans. (vi. ) to pay itself Ancillary Income; (vii. ) to reimburse itself for any Non-recoverable Advance;Advances or Expenses; Flow Special Servicing Agreement 14 (viii. ) to remove funds inadvertently placed in the Collection Account in error by the Servicer or for which amounts previously deposited are returned unpaid due to a "“not sufficient funds" ” or other denial by the obligor's ’s banking institution; and (ix. ) to clear and terminate the Collection Account upon the termination of this Agreement.

Permitted Withdrawals from the Collection Account. The Servicer may, from time to time, make withdrawals from the Collection Account for the following purposes: i. (i) to make payments to the Owner in the amounts and in the manner provided for in Section 6.02; (ii. ) to pay itself for unreimbursed Servicing Advances, fees, and expenses prior to making payments applying proceeds to the Owner in the amounts and in the manner provided for in Section 6.02prior servicer balances; (iii. ) to pay to itself for unreimbursed Servicing Fees and any interest earned on funds in the Collection Account;; Flow Special Servicing Agreement (iv. ) to pay itself, after liquidation of a Mortgage Loan, any accrued and unpaid Servicing Fees and Servicing Advances with respect to such liquidated Mortgage Loan; v. (v) to reimburse the Advance Reserve Account for the payment of Servicing Fees upon a payment received for Performing Loans or upon the passing of the scheduled Mortgage Loan Due Date for non-performing loans. (vi. ) to pay itself Ancillary Income; (vii. ) to reimburse itself for any Non-recoverable AdvanceAdvances or Expenses; (viii. ) to remove funds inadvertently placed in the Collection Account in error by the Servicer or for which amounts previously deposited are returned unpaid due to a "“not sufficient funds" ” or other denial by the obligor's ’s banking institution; and (ix. ) to clear and terminate the Collection Account upon the termination of this Agreement.