Common use of GROUP B SUBORDINATE CERTIFICATES Clause in Contracts

GROUP B SUBORDINATE CERTIFICATES. On each Distribution Date, subject to the provisions of Section 6.01(a)(iv) and 6.01(c), the sum of the Group 1 Available Funds and the Group 2 Available Funds remaining after the distributions described above under Sections 6.01(a)(i) and (a)(ii) will be distributed among the Group B Subordinate Certificates sequentially, in the following order, to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, in each case up to an amount equal to and in the following order: (a) the Accrued Certificate Interest thereon for such Distribution Date, (b) any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates and (c) such Class's Allocable Share for such Distribution Date.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc), Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc)

GROUP B SUBORDINATE CERTIFICATES. On each Distribution Date, subject to the provisions of Section 6.01(a)(iv) and 6.01(c), the sum of the Group 1 Available Funds and the Group 2 Available Funds remaining after the distributions described above under Sections Section 6.01(a)(i) and (a)(ii) will be distributed among the Group B Subordinate Certificates sequentially, in the following order, to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, in each case up to an amount equal to and in the following order: (a) the Accrued Certificate Interest thereon for such Distribution Date, (b) any Accrued Certificate Interest thereon remaining undistributed from previous Distribution Dates and (c) such Class's Allocable Share for such Distribution Date.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Bear Stearns Mortgage Securities Inc)