Distributions on the Certificates Sample Clauses

Distributions on the Certificates. (a) On each Distribution Date, the Trustee shall apply amounts on deposit in the Distribution Account, in each case to the extent of the remaining portion of the Available Distribution Amount, in the following order of priority: (i) to distributions of interest to the Holders of the Class A-1 Certificates, the Holders of the Class A-2 Certificates and the Holders of the Class X Certificates, pro rata in accordance with the respective amounts of Distributable Certificate Interest payable in respect of such Classes of Certificates described in this clause (i), in an amount equal to all Distributable Certificate Interest in respect of each such Class of Certificates for such Distribution Date and, to the extent not previously paid, for all prior Distribution Dates; (ii) to distributions of principal, first to the Holders of the Class A-1 Certificates and second to the Holders of the Class A-2 Certificates, in each case, in an amount (not to exceed the Class Principal Balance of such Class of Certificates outstanding immediately prior to such Distribution Date) equal to the entire remaining Principal Distribution Amount for such Distribution Date; (iii) to distributions to the Holders of the Class A-1 Certificates and the Holders of the Class A-2 Certificates, pro rata in accordance with the respective amounts of previously allocated Realized Losses and Additional Trust Fund Expenses reimbursable in respect of such Classes of Certificates described in this clause (iii), in an amount equal to, and in reimbursement of, all Realized Losses and Additional Trust Fund Expenses, if any, that were previously allocated to each such Class of Certificates and that remain unreimbursed immediately prior to such Distribution Date; (iv) to distributions of interest to the Holders of the Class B Certificates in an amount equal to all Distributable Certificate Interest in respect of such Class of Certificates for such Distribution Date and, to the extent not previously paid, for all prior Distribution Dates; (v) if the Class Principal Balances of the Class A-1 and Class A-2 Certificates have been reduced to zero, to distributions of principal to the Holders of the Class B Certificates, in an amount (not to exceed the Class Principal Balance of the Class B Certificates outstanding immediately prior to such Distribution Date) equal to the entire remaining Principal Distribution Amount for such Distribution Date; (vi) to distributions to the Holders of the Class B Certificates, i...

Distributions on the Certificates. (a) Interest and principal on the Certificates will be distributed monthly on each Distribution Date, commencing in October 2004, in an aggregate amount equal to the Available Funds for such Distribution Date. On the first Distribution Date, the Paying Agent will, prior to the distribution of Available Funds to any Certificate, distribute the First Distribution Date Distribution Amount to the Class X Certificates, as follows: (i) from Group I Available Funds, an amount equal to the product of (x) the First Distribution Date Distribution Amount and (y) the Component 1X Distribution Percentage; (ii) from Group II Available Funds, an amount equal to the product of (x) the First Distribution Date Distribution Amount and (y) the Component 2X Distribution Percentage; and (iii) from Group III Available Funds, an amount equal to the product of (x) the First Distribution Date Distribution Amount and (y) the Component 3X Distribution Percentage. (A) On each Distribution Date, the Group I Available Funds (or on the first Distribution Date, the Group I Available Funds remaining following the distribution of the First Distribution Date Distribution Amount to the Class X Certificates) will be distributed to the Group I Senior Certificates and the Class X Certificates as follows: first, to the Group I Senior Certificates and Component 1X of the Class X Certificates, the Accrued Certificate Interest on each such Class or Component for such Distribution Date, and to Component 3X of the Class X Certificates, the Group I Allocation Fraction of Accrued Certificate Interest on such Component for such Distribution Date, pro rata, based on the Accrued Certificate Interest owed to each such Class or Component; provided, however, that the amount of Accrued Certificate Interest paid to the Class X Certificates in respect of Component 1X will be reduced by the aggregate amount of any Carryover Shortfall Amounts on the Class A-1A Certificates and Class A-1B Certificates, and that the amount of Accrued Certificate Interest paid to the Class X Certificates pursuant to this clause in respect of Component 3X will be reduced by the Group I Allocation Fraction of any Carryover Shortfall Amounts on the Class M, Class B-1, Class B-2 and Class B-3 Certificates, in each case for that Distribution Date, which will be deposited into the Carryover Shortfall Reserve Fund. In addition, Accrued Certificate Interest on such Class A-1A Certificates and Class A-1B Certificates and each such Component o...

Distributions on the Certificates. (a) Interest and principal on the Certificates will be distributed monthly on each Distribution Date, commencing in September 2001, in an aggregate amount equal to the sum of the Available Funds for such Distribution Date. (i) On each Distribution Date, the Available Funds shall be distributed as follows: (A) On each Distribution Date prior to the Cross-Over Date, the Group 1 Available Funds will be distributed in the following order of priority among the Group 1 Senior Certificates: FIRST, to the Group 1 Senior Certificates, the Accrued Certificate Interest on such Class for such Distribution Date; SECOND, to the Group 1 Senior Certificates, any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates, to the extent of remaining Group 1 Available Funds; THIRD, sequentially, in the following order, to the Class R-I, Class R-II and Class I-A Certificates, in reduction of the Current Principal Amounts thereof, the Group 1 Senior Optimal Principal Amount for such Distribution Date to the extent of remaining Group 1 Available Funds, until the Current Principal Amounts thereof have been reduced to zero; (B) On each Distribution Date prior to the Cross-Over Date, the Group 2 Available Funds will be distributed to the Group 2 Senior Certificates as follows: FIRST, to the Class II-A Certificates, the Accrued Certificate Interest on such Class for such Distribution Date; SECOND, to the Class II-A Certificates, any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates, to the extent of remaining Group 2 Available Funds; THIRD, to the Class II-A Certificates, the Group 2 Optimal Principal Amount for such Distribution Date to the extent of remaining Group 2 Available Funds, until the Current Principal Amount of the Group 2 Senior Certificates has been reduced to zero. (C) On each Distribution Date prior to the Cross-Over Date, the Group 3 Available Funds will be distributed to the Group 3 Senior Certificates as follows: FIRST, to the Class III-A Certificates, the Accrued Certificate Interest on such Class for such Distribution Date; SECOND, to the Class III-A Certificates, any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates, to the extent of remaining Group 3 Available Funds; THIRD, to the Class III-A Certificates, in reduction of the Current Principal Amount thereof, the Group 3 Optimal Principal Amount for such Distribution Date to the extent of...

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Class R Certificates and the Class XP Certificates) will be distributed monthly on each Distribution Date, commencing in December 2005, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in December 2005, the Class R Deposit will be distributed to the Holder of the Class R Certificates in reduction of the Current Principal Amount thereof. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows: (A) on each Distribution Date, the Available Funds will be distributed to the Senior Certificates as follows: first, to the Class I-A Certificates and Class I-X-1 Certificates, the Accrued Certificate Interest on each such Class for such Distribution Date, and with respect to the Class I-A Certificates and the first three Distribution Dates, including amounts withdrawn from the Class A/B Reserve Fund, pro rata, based on the Accrued Certificate Interest owed to each such Class; second, to the Class I-A Certificates, any Carryover Shortfall Amounts due to such Class I-A Certificates (in accordance with clause (D) below) to the extent such amount was deducted from the Accrued Certificate Interest on the Class I-X-1 Certificates for such Distribution Date; third, to the Class I-A Certificates and the Class I-X-1 Certificates, any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates, pro rata, based on the undistributed Accrued Certificate Interest owed to each Class, to the extent of remaining Available Funds; and fourth, to the extent of remaining Available Funds, the Senior Optimal Principal Amount for such Distribution Date, sequentially to: (i) the Class I-A Certificates, on a pro rata basis, based on the Current Principal Amount of each such Class, in reduction of their Current Principal Amounts, until each such Class has been reduced to zero, and then to (ii) the Class I-X-1 Certificates, in reduction of its Current Principal Amount, until such amount has been reduced to zero. (B) On each Distribution Date on or prior to a Cross-Over Date, an amount equal to the sum of any remaining Available Funds after the distributions in clause (A) above, as applicable, and, with respect to the Class I-B Certificates, including amounts withdrawn from the Class A/B Reserve Fund, will be distribu...

Distributions on the Certificates. 49 Section 6.02

Distributions on the Certificates. (a) Interest and principal on the Certificates will be distributed monthly on each Distribution Date, commencing in July 1998, in an aggregate amount equal to the Available Funds for such Distribution Date.

Distributions on the Certificates. On each Distribution Date, the Master Servicer shall make distributions to the Certificateholders in the amounts and in the manner specified in Article XIII and in the forms of the Certificates.

Distributions on the Certificates. (a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds with respect to Loan Group I for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit with respect to Loan Group I therein and distributed for such Distribution Date, in the following order of priority: First, from Interest Funds, from Loan Group I, on each Distribution Date on and after the Distribution Date in February 2017, if applicable, to the Final Maturity Reserve Account, an amount equal to the Coupon Strip for such Distribution Date. Second, from Interest Funds, from Loan Group I, to pay any accrued and unpaid interest on the Class I-A, Class I-B and Class I-X Certificates in the following order of priority: 1. to each Class of Class I-A Certificates and Class I-X Certificates, the Current Interest and then any Interest Carry Forward Amount for each such Class, pro rata, based on the Current Interest and Interest Carry Forward Amount due to each such Class; 2. to the Class I-B-1, Class I-B-2, Class I-B-3, Class I-B-4, Class I-B-5, Class I-B-6, Class I-B-7, Class I-B-8 and Class I-B-9 Certificates, sequentially, in that order, the Current Interest for each such Class of Certificates; 3. any Excess Spread with respect to Loan Group I to the extent necessary to meet a level of overcollateralization equal to the Group I Overcollateralization Target Amount will be the Extra Principal Distribution Amount with respect to Loan Group I and will be included as part of the Group I Principal Distribution Amount and distributed in accordance with Third (A) and (B) below; and 4. any remaining Excess Spread with respect to Loan Group I will be the Remaining Excess Spread with respect to Loan Group I and will be applied, together with the Group I Overcollateralization Release Amount, as Excess Cashflow for Loan Group I pursuant to clauses Fourth through Eighteenth below. Third, to pay as principal on the Class I-A Certificates and Class I-B Certificates, in the following order of priority: (A) For each Distribution Date (i) prior to the related Stepdown Date or (ii) on which a Group I Trigger Event is in effect, the Group I Principal Distribution Amount for such Distribution Date will be distributed as follows: 1. to each Class of Class I-A Certificates on a pro rata basis until the Current Principal Amount of each such Class is reduced to zero; 2. to the Class I-B-1 Certificates, any remaining Group I Princi...

Distributions on the Certificates. (a) The Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. With respect to any Payment Date, any amounts remaining in the Payment Account for distribution to the Certificateholders pursuant to Section 3.02 of the Indenture, to the extent such funds are received by the Certificate Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02 herein); (ii) second, to the Holders of the Class S Certificates, as set forth in Section 3.02 of the Indenture; (iii) third, to the Holders of the Class E Certificates, 100% of the amounts distributed in respect of the Class E Interest; and (iv) fourth, to the Holders of the Residual Certificates, any remaining amounts after distributions pursuant to clauses (i), (ii) and (iii) above, based on the related REMIC in which such amounts remain. provided, that on the Payment Date on which the Redemption Price is distributed, the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class S Certificates shall be distributed pursuant to this Section 3.11(a) to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class E Certificates shall be distributed pursuant to this Section 3.11(a) to the Class E Certificateholders, as applicable.