PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS Sample Clauses
The "Payments and Statements to Certificateholders" clause outlines the procedures and obligations for distributing payments and providing financial statements to individuals or entities holding certificates under an agreement. Typically, this clause specifies the timing, method, and calculation of payments, as well as the format and frequency of statements detailing those payments and the performance of the underlying assets. Its core function is to ensure transparency and regularity in financial reporting and distributions, thereby keeping certificateholders informed and ensuring they receive their entitled funds in a timely manner.
POPULAR SAMPLE Copied 1 times
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. REMIC ADMINISTRATION
Section 5.01 Distributions..................................................... Section 5.02
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. Section 5.01 Distributions..............................................................................70 Section 5.02 Monthly Advances; Servicing Advances.......................................................74 Section 5.03 Statements to Certificateholders...........................................................75 Section 5.04
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 73 SECTION 4.01. Priorities of Distribution............................................................73 SECTION 4.02. Allocation of Losses..................................................................73 SECTION 4.03. Recoveries............................................................................73 SECTION 4.04. Monthly Statements to Certificateholders..............................................73 SECTION 4.05. Servicer to Cooperate.................................................................74 SECTION 4.06. Cross-Collateralization; Adjustments to Available Funds...............................75 SECTION 4.07. Interest Rate Cap Account(s)..........................................................75 SECTION 4.08. Supplemental Interest Trust(s)........................................................75 SECTION 4.09. Rights of Swap Counterparty...........................................................75 SECTION 4.10. Replacement Swap Counterparty.........................................................75 ARTICLE V ADVANCES BY THE MASTER SERVICER AND SERVICERS..........................................................76 SECTION 5.01. Advances by the Trust Administrator, Master Servicer and Servicers....................76 ARTICLE VI THE CERTIFICATES......................................................................................78 SECTION 6.01. The Certificates......................................................................78 SECTION 6.02. Registration of Transfer and Exchange of Certificates.................................79 SECTION 6.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................84 SECTION 6.04. Persons Deemed Owners.................................................................84 SECTION 6.05. Access to List of Certificateholders' Names and Addresses.............................84 SECTION 6.06. Maintenance of Office or Agency.......................................................84 SECTION 6.07. Book-Entry Certificates...............................................................85 SECTION 6.08. Notices to Clearing Agency............................................................85 SECTION 6.09. Definitive Certificates...............................................................86 ARTICLE VII THE DEPOSITOR, THE SELLER, THE MASTER SERVICER, THE SERVICERS, THE SPECIAL SERVICER AND THE MODIFICATION OVERSIGHT AGENT..................................................................87 SECT...
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 11 SECTION 3.01. Certificate Account....................................11 SECTION 3.02. Distributions..........................................11 SECTION 3.03. Monthly Statements to Certificateholders...............11 ARTICLE IV
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. SECTION 4.01. Priorities of Distribution. SECTION 4.02. Allocation of Realized Losses. SECTION 4.03. Recoveries. SECTION 4.04. Monthly Statements to Certificateholders. SECTION 4.05. Servicer to Cooperate. SECTION 4.06. Basis Risk Reserve Fund. SECTION 4.07. Distributions on the REMIC I Regular Interests and REMIC II Regular Interests. SECTION 4.08. Supplemental Interest Trust. SECTION 4.09. Rights of Swap Counterparty.
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. Section 4.01. Distributions............................................... 77 Section 4.02. Statements to Certificateholders............................ 81 Section 4.03. Reports by each Mortgagors.................................. 84 ARTICLE FIVE THE CERTIFICATES
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 101 SECTION 4.01 Priorities of Distribution. 101 SECTION 4.02 Allocation of Losses. 107 SECTION 4.03 Recoveries. 107 SECTION 4.04 Monthly Statements to Certificateholders. 107 SECTION 4.05 Servicers and Master Servicer to Cooperate. 108 SECTION 4.06 [Reserved]. 109
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 53 Section 4.01. Certificate Account..............................................................53 Section 4.02. Distributions....................................................................53 Section 4.03. Allocation of Realized Losses....................................................55 Section 4.04. Monthly Statements to Certificateholders.........................................56 Section 4.05. Prepayment Interest Shortfalls and Relief Act Shortfalls.........................57 Section 4.06. The Policy.......................................................................58 Section 4.07. Reserve Account..................................................................58 -i- TABLE OF CONTENTS (continued) Page ---- ARTICLE V. ADVANCES..................................................................................59 Section 5.01. Monthly Advances by the Servicer.................................................59 Section 5.02. Advances for Attorneys' Fees.....................................................60 Section 5.03. Nonrecoverable Advances..........................................................60 Section 5.04. Advance Procedures...............................................................61
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. Rights of Certificateholders Section 5.01. Distributions........................................................................44 Section 5.02. Calculation of the Investor Certificate Rate.........................................46 Section 5.03. Statements to Certificateholders.....................................................46 Section 5.04. Rights of Certificateholders and holder of the Transferor Interest...................48
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. REMIC ADMINISTRATION
Section 5.01 Distributions................................................ Section 5.02 Priorities of Distributions for the Shifting Interest Groups. Section 5.03 Priorities of Distributions for Group 3...................... Section 5.04