Distributions and Payments Clause Samples

Distributions and Payments. Section 6.01 Establishment of Accounts; Withdrawals from Accounts; Deposits to the Distribution Account....................................................................................76 Section 6.02 Permitted Withdrawals From the Distribution Account........................................78 Section 6.03 Collection of Money........................................................................78 Section 6.04 [RESERVED].................................................................................78 Section 6.05 Distributions..............................................................................78 Section 6.06 Investment of Accounts.....................................................................81 Section 6.07 Reports....................................................................................82 Section 6.08 Additional Reports by Trustee..............................................................85 Section 6.09

Distributions and Payments. Section 6.01 Establishment of Accounts; Withdrawals from Accounts; Deposits to the Certificate Account....................................................................................61 Section 6.02 Permitted Withdrawals From the Certificate Account.........................................61 Section 6.03 Collection of Money........................................................................62 Section 6.04 The Certificate Insurance Policy...........................................................62 Section 6.05 Distributions..............................................................................64 Section 6.06

Distributions and Payments. Section 6.1 Establishment of Certificate Account, Additional Certificate Account, Capitalized Interest Account and Pre-Funding Account; Deposits to the Certificate Account, the Additional Certificate Account, Capitalized Interest Account and the Pre-Funding Account. (a) The Trustee shall establish and maintain the Certificate Account which shall be titled "Certificate Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Class A and Class R" and which shall be an Eligible Account. Notice of the establishment of the Certificate Account shall be promptly provided in writing to each of the Servicer, the Rating Agencies and the Certificate Insurer. (b) The Trustee shall establish and maintain the Additional Certificate Account which shall be titled "Additional Certificate Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Additional Certificates." Notice of the establishment of the Additional Certificate Account shall be promptly provided in writing to each of the Servicer, the Certificate Insurer and the Holder of the Additional Certificate. (i) The Trustee shall establish and maintain the Pre-Funding Account which shall be titled "Pre-Funding Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Class A" and which shall be an Eligible Account. The Trustee shall deposit the Original Group I Pre-Funded Amount from the proceeds of the sale of the Class A-1 Certificates and the Original Group II Pre-Funded Amount from the proceeds of the sale of the Group II Certificates into the Pre-Funding Account on the Closing Date. (ii) The Trustee shall establish and maintain the Capitalized Interest Account which shall be titled "Capitalized Interest Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Class A" and which shall be an Eligible Account. The Trustee shall deposit the Capitalized Interest Requirement from the proceeds of the sale of the Class A Certificates into the Capitalized Interest Account on the Closing Date unless an Eligible Letter of Credit with respect to such amount has been delivered to the Trustee on the Closing Date. (d) The Servicer may direct the Trustee in writing to invest the funds in the Certificate Account, the Capitalized Interest Account and the Pre-Funding Account only in Permitted...

Distributions and Payments. 89 Section 6.01 ESTABLISHMENT OF CERTIFICATE ACCOUNTS; DEPOSITS TO THE CERTIFICATE ACCOUNTS..................89 Section 6.02 PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNTS..................................89 Section 6.03

Distributions and Payments. For each Accounting Period, on a cumulative basis, Distributable Cash shall be paid and distributed to the Members in the ratio of their respective Membership Percentages.

Distributions and Payments. Section 3.1 Payments to the Indenture Trustee......................

Distributions and Payments. Section 6.01 Establishment of Accounts; Withdrawals from Accounts; Deposits to the Distribution Account....................73 Section 6.02 Permitted Withdrawals From the Distribution Account.....74 Section 6.03 Collection of Money.....................................74 Section 6.04 The Certificate Insurance Policy........................75 Section 6.05 Distributions...........................................76 Section 6.06

Distributions and Payments. Trustee shall be entitled to hold as part of the Trust Estate, subject to the Trust Agreement, all income, interest or distributions from cash, Cash Equivalents and all Proceeds, provided that such income, interest or distributions shall be pledged as Collateral hereunder.

Distributions and Payments. Section 6.1 Establishment of Certificate Account, Deposits to the Certificate Account. (a) The Trustee shall establish and maintain the Certificate Account which shall be titled "Certificate Account, ____________________, as trustee for the registered holders of _______ Home Equity Asset Backed Certificates, Series 200_ - _, Class A and Class R" and which shall be an Eligible Account. Notice of the establishment of the Certificate Account shall be promptly provided in writing to each of the Master Servicer, the Rating Agencies [and the Certificate Insurer]. (b) The Trustee shall control and receive the income from the investment of funds in the Certificate Account. The Trustee shall deposit the amount of any losses incurred in respect of any such investments in the Certificate Account out of its own funds immediately as realized. (c) On each Determination Date, the Master Servicer shall cause to be deposited in the Certificate Account from funds on deposit in the Collection Account, an amount equal to the Master Servicer Remittance Amount (net of the amount to be deposited pursuant to clause (ii) below) and (ii) from funds on deposit in the Collection Account or the Trustee Collection Account, the Net Foreclosure Profits, if any with respect to the related Remittance Date, minus any portion thereof payable to the Master Servicer pursuant to Section 5.3.