Common use of Distributions on the Certificates Clause in Contracts

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.

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 Residual Certificateholders pursuant to Section 3.02 4.05 of the IndentureSale and Servicing Agreement, 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 7.02- herein); (ii) second, to the Holders of the Class S Certificates, as set forth in Section 3.02 3.03 of the Indenture; (iii) third, to the Holders of the Class E Certificates, 100% of the Class E Distribution Amount reduced by amounts distributed in respect Sections 3.03(a)(5) and 3.03(a)(8) of the Class E InterestIndenture; 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.

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 Residual Certificateholders pursuant to Section 3.02 4.06 of the IndentureSale and Servicing Agreement, 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 7.02- herein); (ii) second, to the Holders of the Class S Certificates, as set forth in Section 3.02 3.03 of the Indenture; (iii) third, to the Holders of the Class E X Certificates, 100% of the Class X Distribution Amount reduced by amounts distributed in respect Sections 3.02(3) and 3.03(5) of the Class E InterestIndenture; 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) 3.11 to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class E X Certificates shall be distributed pursuant to this Section 3.11(a) 3.11 to the Class E X Certificateholders, as applicable.

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 payment to the Certificateholders pursuant to Section 3.02 5.01(a)(II) of the IndentureSale and Servicing Agreement, to the extent such funds are received by the Certificate Paying AgentOwner Trustee, shall be distributed by the Certificate Paying Agent Owner Trustee as follows: (i) firstwith respect to any Payment Date during the Managed Amortization Period, concurrently , to the Owner TrusteeClass B Certificateholders and the Class L Certificateholders, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02 herein);pro rata based on their respective Class Principal Balances; and (ii) secondwith respect to any Payment Date during the Rapid Amortization Period, concurrently , 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 InterestB Certificateholders; 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 further, on the Payment Date on which the Optional Redemption Price is distributed, the portion, if any, of the Optional Redemption Price equal to the Certificate sum of the Class Principal Balance of the Class S L Certificates shall be distributed pursuant to this Section 3.11(a) 3.11 to the Class S Certificateholders L Certificateholders, and the portionportion remaining, if any, of the Optional Redemption Price equal to the Certificate Class Principal Balance of the Class E B Certificates shall be distributed pursuant to this Section 3.11(a) 3.11 to the Class E B Certificateholders, as applicable. With respect to each Payment Date, the Indenture Trustee, to the extent the Servicer has provided the Mortgage Loan data delivered by the Servicer to the Indenture Trustee pursuant to Section 4.09(a) of the Sale and Servicing Agreement (the “Indenture Trustee Report”), shall deliver or make available the report to be provided by the Indenture Trustee pursuant to Section 4.09 of the Sale and Servicing Agreement for such Payment Date to each Residual Certificateholder.

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. Notwithstanding any other provision of this Trust Agreement, any amounts allocated for the purpose of payment of the Class S Certificates under Section 3.02 of the Indenture shall be distributed under this Trust Agreement solely for such purpose. With respect to any Payment Date, amounts received by the Certificate Paying Agent in respect of distributions to the Class S Certificates pursuant to Sections 3.02(a)(2), 3.02(b)(1)(i) and 3.02(b)(2)(i) of the Indenture shall be distributed by the Certificate Paying Agent to the Class S Certificates, the Class X Distribution Amount, to the extent received by the Certificate Paying Agent pursuant to Section 3.02(c)(3) of the Indenture shall be distributed by the Certificate Paying Agent to the Class X Certificates and any amounts received by the Certificate Paying Agent pursuant to Section 3.02(c)(3) of the Indenture for distribution to the Class R Certificates shall be distributed by the Certificate Paying Agent to the Class R Certificates. Any amounts remaining in the Payment Account for distribution to the Certificateholders pursuant to Section 3.02 4.06 of the IndentureSale and Servicing Agreement on the Payment Date on which the Note Balance is reduced to zero, 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, any amounts payable to the Holders of the Class S Certificates, as set forth in Section 3.02 of the IndentureIndenture and not previously paid under this Trust Agreement; (iii) third, to the Holders of the Class E X Certificates, 100% of the amounts distributed in respect of the Class E InterestX Distribution Amount; and (iv) fourth, to the Holders of the Residual Class R 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 shall be distributed first, to the Class S Certificates until the Certificate Principal Balance of the Class S Certificates shall be distributed pursuant thereof has been reduced to this Section 3.11(a) zero and, second, to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class E X Certificates shall be distributed pursuant to this Section 3.11(a) in an amount up to the Class E Certificateholders, as applicableX Distribution Amount.

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. . (a) With respect to the Certificateholders and 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 InterestDistribution Amount; 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(a3.11(a)(iii) to the Class E Certificateholders, as applicable.