Common use of ALLOCATION OF AVAILABLE DISTRIBUTION AMOUNT Clause in Contracts

ALLOCATION OF AVAILABLE DISTRIBUTION AMOUNT. On each Distribution Date for a Series, the Trustee shall withdraw all monies on deposit in the related Distribution Account in accordance with the related Remittance Report and shall distribute such amounts in the following order of priority: (1) to pay the Master Servicer its monthly Servicing Fee, to the extent not previously retained or withdrawn from the Certificate Account by such Master Servicer; (2) to reimburse the Master Servicer from any amounts on deposit in the Distribution Account for any Advance previously made which has become a Non-Recoverable Advance, or to reimburse the Master Servicer for any other Advance out of Related Proceeds on deposit in the Distribution Account, in either case to the extent not previously retained or withdrawn from the Certificate Account by the Master Servicer; (3) to reimburse the Depositor or the Master Servicer for expenses incurred by or reimbursable to them pursuant to Section 6.05 hereof; (4) to refund any overpayment of a Repurchase Price for an Asset pursuant to Section 2.05(f) hereof; and (5) to distribute to the Certificateholders (or, if more than one REMIC election has been made with respect to the Trust, to distribute to the holders of the Regular Interests and the Residual Interest in the Pooling REMIC), the amount of the Available Distribution Amount in accordance with the applicable Pooling and Servicing Agreement.

ALLOCATION OF AVAILABLE DISTRIBUTION AMOUNT. On each Distribution Date for a Series, the Trustee shall withdraw all monies on deposit in the related Distribution Account in accordance with the related Remittance Report and shall distribute such amounts in the following order of priority: (1) to pay the Master Servicer its monthly Servicing Fee, to the extent not previously retained or withdrawn from the Certificate Account by such Master Servicer; (2) to reimburse the Master Servicer from any amounts on deposit in the Distribution Account for any Advance previously made which has become a Non-Recoverable Advance, or to reimburse the Master Servicer for any other Advance out of Related Proceeds on deposit in the Distribution Account, in either case to the extent not previously retained or withdrawn from the Certificate Account by the Master Servicer; (3) to reimburse the Depositor Company or the Master Servicer for expenses incurred by or reimbursable to them pursuant to Section 6.05 hereof; (4) to refund any overpayment of a Repurchase Price for an Asset pursuant to Section 2.05(f2.06(f) hereof; and (5) to distribute to the Certificateholders (or, if more than one REMIC election has been made with respect to the Trust, to distribute to the holders of the Regular Interests and the Residual Interest in the Pooling REMIC), the amount of the Available Distribution Amount in accordance with the applicable Pooling and Servicing Agreement.