Common use of Withdrawals from Accounts Clause in Contracts

Withdrawals from Accounts. Amounts credited to the Trust Account on any Distribution Date shall be withdrawn by ▇▇▇▇▇▇ ▇▇▇ for application towards the distribution required hereby. In the event that amounts shall remain in the Trust Account on any Distribution Date following distributions of (i) the Interest Distribution Amount for each Class of Certificates for such Distribution Date (ii) the Principal Distribution Amount for each Class of Certificates for such Distribution Date and (iii) any Guaranty Payment for each Class of Certificates for such Distribution Date, such amounts may be withdrawn by ▇▇▇▇▇▇ Mae as compensation for its administrative and guaranty obligations or as reimbursement to ▇▇▇▇▇▇ ▇▇▇ for any advance by it pursuant to such guaranty obligations under Section 3.02 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.

Appears in 3 contracts

Sources: Trust Agreement, Trust Agreement, Trust Agreement

Withdrawals from Accounts. Amounts credited to the Certificate Account and the Trust Account on any Distribution Date shall be withdrawn by ▇▇▇▇▇▇ ▇▇▇ for application towards the distribution distributions required hereby. In the event that amounts shall remain in the Trust Certificate Account on any Distribution Date (other than, in the case of any Redemption Distribution Date, any amount by which the Redemption Amount is in excess of the Lower Tier Distribution Amount) following distributions distribution of (i) the Interest Lower Tier Distribution Amount for each Class of Certificates for such Distribution Date (ii) the Principal Distribution Amount for each Class of Certificates for such Distribution Date and (iii) any Guaranty Payment for each Class of Certificates for such Distribution Date, such amounts may be withdrawn by ▇▇▇▇▇▇ Mae as compensation for its administrative and guaranty obligations or as reimbursement to ▇▇▇▇▇▇ ▇▇▇ for any advance by it pursuant to such guaranty obligations under Section 3.02 Sections 2.03 and 3.05 hereof. Any amount so withdrawn shall no longer be a part of the Trust FundLower Tier REMIC.

Appears in 1 contract

Sources: Trust Agreement

Withdrawals from Accounts. Amounts credited to the Trust Account on any Distribution Date shall be withdrawn by ▇▇▇▇▇▇ ▇▇▇ for application towards the distribution required hereby. In the event that amounts shall remain in the Trust Account on any Distribution Date following distributions of (i) the Interest Distribution Amount for each Class of Certificates for such Distribution Date and (ii) the Principal Distribution Amount for each Class of Certificates for such Distribution Date and (iii) any Guaranty Payment for each Class of Certificates for such Distribution Date, such amounts may be withdrawn by ▇▇▇▇▇▇ Mae as compensation for its administrative and guaranty obligations or as reimbursement to ▇▇▇▇▇▇ ▇▇▇ for any advance by it pursuant to such guaranty obligations under Section 3.02 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.

Appears in 1 contract

Sources: Trust Agreement

Withdrawals from Accounts. Amounts credited to the any Trust Account on any Distribution Date shall be withdrawn by ▇▇▇▇▇▇ ▇▇▇ the applicable Trustee for application towards the distribution distributions required herebyhereby and by the related Issue Supplement. In the event that amounts shall remain in any Single Tier REMIC Account (in the Trust case of any Single Tier Series) or in any Lower Tier REMIC Account on (in the case of Two Tier Series) in any Distribution Date month following distributions distribution of (i) the Interest related Certificate Distribution Amount for each Class of Certificates for such Distribution Date (ii) the Principal Distribution Amount for each Class of Certificates for such Distribution Date and (iii) any Guaranty Payment for each Class of Certificates for such Distribution Datemonth, such amounts may be withdrawn by the applicable Trustee and distributed to ▇▇▇▇▇▇ Mae Mae, in its corporate capacity, as compensation for its ▇▇▇▇▇▇ Mae’s administrative and guaranty obligations or as reimbursement to ▇▇▇▇▇▇ ▇▇▇ Mae for any advance by it pursuant to such its guaranty obligations under Section 3.02 hereof. Any amount so withdrawn shall no longer be a part of the Trust Fund.Sections 3.03 and

Appears in 1 contract

Sources: Trust Agreement