Common use of Distributions from the Certificate Account Clause in Contracts

Distributions from the Certificate Account. (a) On each Distribution Date the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount and shall allocate such amount to the interests issued in respect of REMIC 1, REMIC 2 and REMIC 3 and shall distribute such amount as specified in this Section. (b) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount for such date in the following order of priority based on the report of the Master Servicer: (i) concurrently, to the Class A Certificates and the Class A-IO Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for such Class and such Distribution Date; (ii) to the Class M1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iii) to the Class M2 Certificates, Current Interest and any Carryforward Interests for such Class and such Distribution Date; (iv) to the Class B Certificates, Current Interest and any Carryforward Interests for such Class and such Distribution Date; (v) to the Credit Risk Manager, the Credit Risk Manager's Fee for such Distribution Date;

Distributions from the Certificate Account. (a) On each Distribution Date the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount and shall allocate such amount to the interests issued in respect of REMIC 1, REMIC 2 and REMIC 3 and shall distribute such amount as specified in this Section. (b) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount for such date in the following order of priority based on the report of the Master Servicer: (i) concurrently, to the Class A Certificates and the Class A-IO Certificates, Current Interest for each such Class and such Distribution Date and any Carryforward Interest for such Class and such Distribution Date; (ii) to the Class M1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; (iii) to the Class M2 Certificates, Current Interest and any Carryforward Interests for such Class and such Distribution Date; (iv) to the Class B Certificates, Current Interest and any Carryforward Interests for such Class and such Distribution Date; (v) to the Credit Risk Manager, the Credit Risk Manager's Fee for such Distribution Date;