Withdrawals from the Certificate Account. Amounts on deposit in the Certificate Account on the Distribution Date for a Series shall be withdrawn by Farmer Mac, ▇▇ ▇▇▇ amounts required, to the extent funds are available therefor, for application as follows: first, towards the distribution to Certificateholders of the Certificate Distribution Amount for such Distribution Date; second, to the payment of any Guarantee Reimbursement Amount; third, to the payment of any portion of the Guarantee Fee for such Distribution Date or any prior Distribution Date which has not otherwise been paid; and fourth, to the payment to Farmer Mac of ▇▇▇ amounts remaining in the Certificate Account after the withdrawals referred to in clauses first through third above any such amounts being deemed to be payable to Farmer Mac as ▇▇▇▇▇nsation for its servicing activities hereunder and to the reimbursement of expenses incurred by it in connection herewith. In addition, on any Special Distribution Date for a Series Farmer Mac sha▇▇ ▇▇▇hdraw from the related Certificate Account such amount as it shall have determined to distribute to Certificateholders on such Special Distribution Date.
Appears in 2 contracts
Sources: Trust Agreement (Farmer Mac Mortgage Securities Corp), Trust Agreement (Farmer Mac Mortgage Securities Corp)