Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively. (b) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount. (c) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of REMIC IV Regular Interests I-B-IO and II-B-IO, respectively, the amounts set forth in the definition of REMIC IV Distribution Amount. (d) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.01.
Appears in 6 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar1), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar5), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar3)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to itself the Trustee on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates Certificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date Date, the Trustee Securities Administrator shall be deemed to distribute to the Trustee on behalf of REMIC IV as the holder of the REMIC III Regular Interests, those portions of the REMIC III Distribution Amount to: (i) the holders not designated to Component III of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-PR Certificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(c) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to the REMIC IV Distribution Amount to: (i) the holders of the Class I-B-IO Certificates and (other than the Class II-B-IO Certificates), as the holders of the REMIC IV Interests (other than REMIC IV Regular Interests I-B-IO and II-B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC V, respectivelyas the holder of REMIC IV Regular Interests B-IO-I and B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount.
(d) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the holder of the Class B-IO Certificates, as the holder of REMIC V Regular Interest, the amounts set forth in the definition of REMIC V Distribution Amount.
(e) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01Sections 6.01.1 and 6.01.2.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-7), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-8), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-9)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(c) On each Distribution Date, the Trustee shall be deemed to distribute to the holders Holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of REMIC IV Regular Interests I-B-IO and II-B-IO, respectively, the amounts set forth in the definition of REMIC IV Distribution Amount.
(d) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01.
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar5), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar5), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar4)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III II as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III II Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III II Regular Interests (other than REMIC III II Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IVIII, as the holder of REMIC III II Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III II Distribution Amount.
(c) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of the REMIC IV III Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV III Distribution Amount.
(d) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.01.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar2), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar4)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to itself the Trustee on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates Certificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount.
(b) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee on behalf of REMIC IV as the holder of the REMIC II Regular Interests and REMIC III Regular Interests, those portions of the REMIC II Distribution Amount and REMIC III Distribution Amount not designated to Component II or Component III of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definitions of REMIC I II Distribution Amount and REMIC II III Distribution Amount, respectively.
(bc) On each Distribution Date Date, the Trustee Securities Administrator shall be deemed to distribute the REMIC III IV Distribution Amount to: (i) the holders of each Class of the Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular IV Interests (other than REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IVV, as the holder of REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III IV Distribution Amount.
(cd) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to the holders holder of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders holder of REMIC IV V Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV V Distribution Amount.
(de) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01Sections 6.01.1 and 6.01.2.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Series 2005-5), Pooling and Servicing Agreement (Bear Stearns ALT-A Trust, Mortgage Pass-Through Certificates, Series 2005-4)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC II as the holder of the REMIC I Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount.
(b) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(bc) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC IV as the holder of the REMIC III Regular Interests, those portions of the REMIC III Distribution Amount not designated to Component III of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(d) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III IV Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III IV Regular Interests (other than REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IVV, as the holder of REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III IV Distribution Amount.
(ce) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of the REMIC IV V Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV V Distribution Amount.
(df) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.01.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (GreenPoint MFT 2006-Ar2), Pooling and Servicing Agreement (GreenPoint MFT 2006-Ar3)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to itself the Trustee, on behalf of REMIC III IV as the holder of the REMIC I Regular Interests, REMIC II Regular Interests and the REMIC II III Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount, those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I II Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date the Trustee shall be deemed to distribute those portions of the REMIC III Distribution Amount to: (i) the holders not designated to Component III of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP R Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(b) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC IV Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC IV Interests (other than REMIC IV Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC V, as the holder of REMIC IV Regular Interests B-IO-I and B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount.
(c) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to the holders holder of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders holder of the REMIC IV V Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV V Distribution Amount.
(d) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.076.10, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01Sections 6.01 and 6.02.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Bear Stearns Alt-a Trust 2006-8), Pooling and Servicing Agreement (Bear Stearns Alt-a Trust 2006-8)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III II as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III II Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III II Regular Interests (other than REMIC III Regular II Regulart Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IVIII, as the holder of REMIC III II Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III II Distribution Amount.
(c) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of the REMIC IV III Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV III Distribution Amount.
(d) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.01.. 101
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1), Grantor Trust Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC II Distribution Amount.
(b) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC IV as the holder of the REMIC I Regular Interests and the REMIC III Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC III Distribution Amount not designated to Component III of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions of REMIC I Distribution Amount and REMIC II III Distribution Amount, respectively.
(bc) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III IV Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III IV Regular Interests (other than REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IVV, as the holder of REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III IV Distribution Amount.
(cd) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of REMIC IV V Regular Interests I-B-IO and II-B-IO, respectively, the amounts set forth in the definition of REMIC IV V Distribution Amount.
(de) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar3)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to itself the Trustee, on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date Date, the Trustee Securities Administrator shall be deemed to distribute the REMIC III Distribution Amount to: (i) the holders of each Class of the Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(c) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to the holders holder of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders holder of the REMIC IV Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV Distribution Amount.
(d) Notwithstanding the deemed distributions on the REMIC Regular Regula r Interests described in this Section 6.076.10, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01Sections 6.01 and 6.02.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2007-2)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to itself on behalf of REMIC III II as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount.
(b) On each Distribution Date, the Securities Administrator shall be deemed to distribute to REMIC III as the holder of the REMIC II Regular Interests, those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(bc) On each Distribution Date Date, the Trustee Securities Administrator shall be deemed to distribute the REMIC III Distribution Amount to: (i) to the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-PInterests, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(cd) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of REMIC IV Regular Interests I-B-IO and II-B-IO, respectively, the amounts set forth in the definition of REMIC IV Distribution Amount[Reserved].
(de) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.076.10, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.016.02.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust II 2007-1)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to itself on behalf of REMIC III II as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount.
(b) On each Distribution Date, the Securities Administrator shall be deemed to distribute to REMIC III as the holder of the REMIC II Regular Interests, those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(bc) On each Distribution Date Date, the Trustee Securities Administrator shall be deemed to distribute the REMIC III Distribution Amount to: (i) the holders of each Class of the Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(cd) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to the holders holder of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders holder of the REMIC IV Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV Distribution Amount.
(d) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.01.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2007-3)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC II as the holder of the REMIC I Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount.
(b) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(bc) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II the REMIC III Distribution Amount to: (i) the holders Holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO X and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Regulart Interests I▇-B▇-IO▇, ▇-I▇-▇, I▇▇-B▇-IO▇, ▇▇-P▇-▇, II▇▇-B▇-IO▇, ▇▇▇-I ▇-▇, IV-X-2, IV-X-2 and IIM-B-IO-PX) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I▇-B▇-IO▇, ▇-I▇-▇, I▇▇-B▇-IO▇, ▇▇-P▇-▇, II▇▇-B▇-IO▇, ▇▇▇-I ▇-▇, IV-X-2, IV-X-2 and IIM-B-IO-PX, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Distirbution Amount.
(cd) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Senior Class IX and Class M-B-IO Certificates and the Class II-B-IO X Certificates, as the holders of REMIC IV Regular Interests I-B-IO and II-B-IO, respectivelyInterests, the amounts set forth in the definition of REMIC IV Distribution Amount.
(de) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.01.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (GreenPoint MTA Trust 2005-Ar5)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC IV as the holder of the REMIC III Regular Interests, those portions of the REMIC III Distribution Amount not designated to Component III of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(c) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III IV Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III IV Regular Interests (other than REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IVV, as the holder of REMIC III IV Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III IV Distribution Amount.
(cd) On each Distribution Date, the Trustee shall be deemed to distribute to the holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of REMIC IV V Regular Interests I-B-IO and II-B-IO, respectively, the amounts set forth in the definition of REMIC IV V Distribution Amount.
(de) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.01.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar1)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall be deemed to distribute to itself on behalf of REMIC III II as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(b) On each Distribution Date the Trustee shall be deemed to distribute the REMIC III II Distribution Amount to: (i) the holders of each Class of Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III II Regular Interests (other than REMIC III II Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IVIII, as the holder of REMIC III II Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III II Distribution Amount.
(c) On each Distribution Date, the Trustee shall be deemed to distribute to the holders Holders of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders of the REMIC IV III Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV III Distribution Amount.
(d) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.07, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Structured Asset Mortgage Investments II Trust 2007-Ar4)
Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute distribute, to itself on behalf of REMIC III as the holder of the REMIC I Regular Interests and the REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount.
(b) On each Distribution Date, the Securities Administrator shall be deemed to distribute, to REMIC III as the holder of the Class R Certificates and REMIC II Regular Interests, those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definitions definition of REMIC I Distribution Amount and REMIC II Distribution Amount, respectively.
(bc) On each Distribution Date Date, the Trustee Securities Administrator shall be deemed to distribute the REMIC III Distribution Amount to: (i) the holders of each Class of the Certificates (other than the Class R, Class R-X, Class B-IO and Class XP Certificates), as the holders of the REMIC III Regular Interests (other than REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P) and (ii) to itself on behalf of REMIC IV, as the holder of REMIC III Regular Interests I-B-IO-I, I-B-IO-P, II-B-IO-I and II-B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount.
(cd) On each Distribution Date, the Trustee Securities Administrator shall be deemed to distribute to the holders holder of the Class I-B-IO Certificates and the Class II-B-IO Certificates, as the holders holder of the REMIC IV Regular Interests I-B-IO and II-B-IO, respectivelyInterest, the amounts set forth in the definition of REMIC IV Distribution Amount.
(de) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.076.10, distributions of funds from the Certificate Distribution Account shall be made only in accordance with Section 6.01Sections 6.01 and 6.02.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-5)