Common use of Withdrawals from Accounts Clause in Contracts

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 Amounts credited to the Certificate Account and the Trust Account on any Distribution Date shall be withdrawn by ▇▇▇▇▇▇ ▇▇▇ for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account or the Trust Account on any Distribution Date following distributions of (i) all interest accrued on the then outstanding Certificates for the Interest Accrual Period immediately preceding such Distribution Date and distributable on such Distribution Date, (ii) the Lower Tier Principal Distribution Amount or the Principal Distribution Amount, as applicable, for such Distribution Date, and (iii) the Prepayment Penalty Amount for such Distribution Date, such amounts may be withdrawn by ▇▇▇▇▇▇ Mae as compensation for its administrative and guaranty obligations or as reimbursement to ▇▇▇▇▇▇ ▇▇▇ for any advance by it pursuant to such guaranty obligations under Section 3.04 hereof; provided, however, that amounts may be withdrawn only to the extent that, after giving effect to such withdrawal, the Aggregate Certificate Principal Amount is not greater than the sum of (i) the aggregate Security Principal Balances of the ▇▇▇▇▇▇ Mae Securities as of such Distribution Date and (ii) any amount remaining on deposit in the Certificate Account after giving effect to such withdrawal. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC or the Trust Fund, as applicable.

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 Amounts credited to the Certificate Account and the Trust Account on any Distribution Date shall be withdrawn by ▇▇▇▇▇▇ ▇▇▇ for application towards the distributions required hereby. In the event that amounts shall remain in the Certificate Account or the Trust Account on any Distribution Date following distributions of (i) all interest accrued on the then outstanding Certificates for the Interest Accrual Period immediately preceding such Distribution Date and distributable on such Distribution Date, (ii) the Lower Tier Principal Distribution Amount or the Principal Distribution Amount, as applicable, for such Distribution Date, and (iii) the Prepayment Penalty Amount for such Distribution Date, such amounts may be withdrawn by ▇▇▇▇▇▇ Mae as compensation for its administrative and guaranty obligations or as reimbursement to ▇▇▇▇▇▇ ▇▇▇ for any advance by it pursuant to such guaranty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 3.04 hereof; provided, however, that amounts may be withdrawn only to the extent that, after giving effect to such withdrawal, the Aggregate Certificate Principal Amount is not greater than the sum of (i) the aggregate Security Principal Balances of the ▇▇▇▇▇▇ Mae GNMA Securities as of such Distribution Date and (ii) any amount remaining on deposit in the Certificate Account after giving effect to such withdrawal. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC or the Trust Fund, as applicable.

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 distributions required hereby. In the event that amounts shall remain in the Certificate Account or the Trust Account on any Distribution Date following distributions of (i) all interest accrued on the then outstanding Certificates for the Interest Accrual Period immediately preceding such Distribution Date and distributable on such Distribution Date, , (ii) the Lower Tier Principal Distribution Amount or the Principal Distribution Amount, as applicable, for such Distribution Date, and (iii) the Prepayment Penalty Amount 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 3.04 hereof; provided, however, that amounts may be withdrawn only to the extent that, after giving effect to such withdrawal, the Aggregate Certificate Principal Amount is not greater than the sum of (i) the aggregate Security Principal Balances of the ▇▇▇▇▇▇ Mae GNMA Securities as of such Distribution Date and (ii) any amount remaining on deposit in the Certificate Account after giving effect to such withdrawal. Any amount so withdrawn shall no longer be a part of the Lower Tier REMIC or the Trust Fund, as applicable.