Flow of Funds Clause Samples

Flow of Funds. (a) The Indenture Trustee shall deposit to the Adjustable Rate Note Account, without duplication, upon receipt, any Insured Payments relating to the Adjustable Rate Notes, the proceeds of any liquidation of the assets of the Adjustable Rate Pool, the Adjustable Rate Monthly Remittance Amount remitted by the Servicer or any Sub-Servicer, together with any Substitution Amounts and any Loan Purchase Price amounts relating to the Adjustable Rate Pool received by the Indenture Trustee. (b) With respect to the Adjustable Rate Note Account, on each Payment Date, the Indenture Trustee shall make the following allocations, disbursements and transfers from amounts deposited therein pursuant to subsection (a), in the following order of priority, and each such allocation, transfer and disbursement shall be treated as having occurred only after all preceding allocations, transfers and disbursements have occurred: (i) first, on each Payment Date from amounts then on deposit in the Adjustable Rate Note Account (A) to the Indenture Trustee, the portion of the Indenture Trustee Fee and to the Owner Trustee, the portion of the Owner Trustee Fee relating to the Adjustable Rate Pool and (B) to the Note Insurer, from amounts then on deposit in the Adjustable Rate Note Account, the Adjustable Rate Premium Amount for such Payment Date; (ii) second, on each Payment Date, the Indenture Trustee shall allocate an amount equal to the sum of (x) the Adjustable Rate Total Monthly Excess Spread with respect to such Payment Date plus (y) any Subordination Reduction Amount with respect to the Adjustable Rate Pool on such Payment Date (such sum being the "Adjustable Rate Total Monthly Excess Cashflow" with respect to such Payment Date) in the following order of priority: (A) first, such Adjustable Rate Total Monthly Excess Cashflow shall be allocated to the payment of the Adjustable Rate Monthly Payment Amount pursuant to clause (iv) below on such Payment Date in an amount equal to the difference, if any, between (x) the Adjustable Rate Monthly Payment Amount (calculated only with respect to clause (y) of the definition of Adjustable Rate Principal Payment Amount and without any Subordination Increase Amount relating to the Adjustable Rate Pool) for such Payment Date and (y) the Adjustable Rate Available Funds for such Payment Date (the amount of such difference being the "Adjustable Rate Available Funds Shortfall"); and (B) second, such Adjustable Rate Total Monthly Excess Cashflow shall ...

Flow of Funds. 28 Section 5.3

Flow of Funds. (a) The Trustee shall deposit to the Certificate Account, without duplication, upon receipt, any Insured Payments, the proceeds of any liquidation of the assets of the Trust, all remittances made to the Trustee pursuant to Section 8.08(d)(ii) and the Monthly Remittance Amount remitted by the Servicer. (b) On each Payment Date, the Trustee shall make the following disbursements from the Interest Remittance Amount (including the interest component of any Insured Payments which is available only for the payment of the amount described in Second below), in the following order of priority, and each such disbursement shall be treated as having occurred only after all preceding disbursements have occurred: (i) First, concurrently, (a) to the Trustee, the Trustee Fee, (b) to the Certificate Insurer, the Premium Amount and (c) to the Auction Agent, the Auction Agent Fee; (ii) Second, to the Owners of the Class A Trust Certificates (including the Class A-11 IO Certificates), the related Class A Current Interest plus the related Class A Interest Carry Forward Amount with respect to each such Class of Class A Trust Certificates without any priority among such Class A Trust Certificates; provided, that if the Interest Amount Available plus the interest component of any Insured Payment is not sufficient to make a full distribution of interest with respect to all Classes of the Class A Trust Certificates, such amount will be distributed among the outstanding Classes of Class A Trust Certificates pro rata based on the aggregate amount of interest due on each such Class, and the amount of the shortfall will be carried forward as the Class A Interest Carry Forward Amount; (iii) Third, to the extent of the Interest Amount Available then remaining, to the Owners of the Class B Certificates, the Class B Current Interest; and (iv) Fourth, the Monthly Excess Interest Amount shall be applied or distributed as provided in subsection (f) of this Section 7.03. (c) [reserved]; (d) On each Payment Date, the Trustee shall make the following disbursements from amounts relating to principal (including the principal component of any Insured Payments) in the following order of priority and each such disbursement shall be treated as having occurred only after all preceding disbursements have occurred: (i) On each Payment Date before the Stepdown Date the Owners of the Class A Trust Certificates (other than the Class A-11 IO Certificates) will be entitled to receive payment of 100% of the Pr...

Flow of Funds. 68 Section 7.04 Reserved............................................... 71 Section 7.05

Flow of Funds. SECTION 4.01 Distributions....................................................................... SECTION 4.02 [Reserved].......................................................................... SECTION 4.03 Statements.......................................................................... SECTION 4.04

Flow of Funds. (i) The Trustee shall deposit in the Certificate Account without duplication, upon receipt, with respect to Group I, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to Group I, all remittances made to the Trustee pursuant to Sections 8.08(e), 8.09 and 8.10 with respect to Group I and the Group I Monthly Remittance Amount remitted by the Servicer. (ii) The Trustee shall deposit in the Certificate Account without duplication, upon receipt, with respect to Group II, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to Group II, all remittances made to the Trustee pursuant to Sections 8.08(e), 8.09 and 8.10 with respect to Group II and the Group II Monthly Remittance Amount remitted by the Servicer. (b) On each Distribution Date, the Trustee shall make the following allocations, disbursements and transfers (based solely on information provided by the Servicer in writing), from amounts deposited in the Certificate Account pursuant to subsection (a) in the following order of priority, and each such allocation, transfer and disbursement shall be treated as having occurred only after all preceding allocations: A. With respect to amounts in the Certificate Account received with respect to Group I: 1. To the Trustee, the Trustee Fee and any Transition Expenses for Group I. 2. Concurrently, to each Class of Group I Certificates, the related Class Monthly Interest Amount and any related Class Interest Carryover Shortfall for the Distribution Date, allocated among each such Class of Group I Certificates on a pro rata basis based on each Group I Certificate’s Class Monthly Interest Amount and Class Interest Carryover Shortfall without priority among such Group I Certificates. 3. The remaining amount pursuant to clause C. below. B. With respect to amounts in the Certificate Account received with respect to Group II: 1. To the Trustee, the Trustee Fee and any Transition Expenses for Group II. 2. Concurrently, to each Class of Group II Certificates, the related Class Monthly Interest Amount and any related Class Interest Carryover Shortfall for the Distribution Date, allocated among each such Class of Group II Certificates on a pro rata basis based on each Group II Certificate’s Class Monthly Interest Amount and Class Interest Carryover Shortfall without priority among such Group II Certificates. 3. The remaining amount pursuant to clause C. below. C. With respect to any remaining amounts in th...

Flow of Funds. SECTION 4.01 Distributions.

Flow of Funds. Receipt by the Administrative Agent of a sources and uses table and payment instructions with respect to each wire transfer to be made by the Administrative Agent on behalf of the Lenders or the Borrower on the Closing Date setting forth the amount of such transfer, the purpose of such transfer, the name and number of the account to which such transfer is to be made, the name and ABA number of the bank or other financial institution where such account is located and the name and telephone number of an individual that can be contacted to confirm receipt of such transfer.

Flow of Funds. 72 Section 7.04 Pre-Funding Account and Capitalized Interest Account. 75 Section 7.05