Common use of Withdrawals from Collection Account Clause in Contracts

Withdrawals from Collection Account. The Master Servicer shall cause the Servicer to also make the following withdrawals from the Collection Account, in no particular order of priority: (i) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (ii) to withdraw any Servicing Advance Reimbursement Amounts and Monthly Advance Reimbursement Amounts; and (iii) to clear and terminate the Collection Account in connection with the termination of this Agreement.

Appears in 7 contracts

Sources: Sale and Servicing Agreement (Bcap LLC), Sale and Servicing Agreement (Hsi Asset Securitization Corp), Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1)

Withdrawals from Collection Account. The Master Servicer shall cause the Servicer to also make the following withdrawals from the Collection Account, in no particular order of priority: (iA) to withdraw any amount not required to be deposited in the Collection Account or deposited therein in error; (iiB) to withdraw any Servicing Advance Reimbursement Amounts and Monthly Advance Reimbursement Amounts; and (iiiC) to clear and terminate the Collection Account in connection with the termination of this Agreement.

Appears in 1 contract

Sources: Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-2)