Common use of Distributions on the Uncertificated REMIC I Regular Interests Clause in Contracts

Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Certificate Account: (i) to the Holders of REMIC I Regular Interests, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and [(y) on each Distribution Date, with respect to the Group II Loans, all principal received on the Group II Loans under the definition of Principal Remittance Amount shall be paid to REMIC I Regular Interest LT-FY until its Uncertificated Balance has been reduced to zero and then shall be paid the REMIC I Regular Interest LT-FZ until its Uncertificated Balance has been reduced to zero.] (b) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 6.11, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.05.

Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Certificate Account: (i) to the Holders of REMIC I Regular Interests, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and [and (yii) (x) on each Distribution Date, with respect to the Group II I Loans, all principal received on the Group II I Loans under the definition of Principal Remittance Amount shall be paid to REMIC I Regular Interest LT-FY AYI until its Uncertificated Balance has been reduced to zero and then shall be paid the REMIC I Regular Interest LT-FZ AZI until its Uncertificated Balance has been reduced to zero.] (b) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 6.11, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.05.;

Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Certificate Account: (i) to the Holders of REMIC I Regular Interests, PRO RATA, in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and [and (yii) (x) on each Distribution Date, with respect to the Group II I Loans, all principal received on the Group II I Loans under the definition of Principal Remittance Amount shall be paid to REMIC I Regular Interest LT-FY AY until its Uncertificated Balance has been reduced to zero and then shall be paid the REMIC I Regular Interest LT-FZ AZ until its Uncertificated Balance has been reduced to zero.] (b) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 6.11, distributions of funds from the Certificate Account shall be made only in accordance with Section 6.05.; and