Payments on the Bonds. (a) All payments of interest, principal and other amounts made with respects to any Class of Bonds will be allocated pro rata among the Outstanding Bonds of such Class based on the respective Principal Amounts thereof. (b) On each Payment Date, unless the Bonds have been declared due and payable pursuant to Section 5.02 of the Standard Indenture Provisions and payments and other collections from the Trust Estate are being applied pursuant to Section 5.06 of the Standard Indenture Provisions, the Indenture Trustee shall withdraw from the Bond Account and apply the Available Payment Amount for such Payment Date among the respective Classes of Bondholders and the Issuer for the following purposes and in the following order of priority, in each case to the extent of remaining funds: (i) to the Holders of the Class A Bonds in respect of interest, pro rata as between the two Classes of Class A Bondholders based on entitlement, up to an amount equal to all unpaid interest accrued in respect of each such Class of Bonds through the end of the related Interest Accrual Period; (ii) to the Holders of the Class A Bonds in respect of principal, allocable as between the two Classes of Class A Bondholders as provided below, up to an amount equal to the lesser of (A) the then aggregate Principal Amount of the Class A Bonds and (B) the Principal Payment Amount for such Payment Date; (iii) to the Holders of the Class B Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (iv) after the aggregate Principal Amount of the Class A Bonds has been reduced to zero, to the Holders of the Class B Bonds in respect of principal, up to an amount equal to the lesser of (A) the then aggregate Principal Amount of the Class B Bonds and (B) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A Bonds pursuant to clause (ii) above; (v) to the Holders of the Class C Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (vi) after the aggregate Principal Amount of the Class A and Class B Bonds has been reduced to zero, to the Holders of the Class C Bonds in respect of principal, up to an amount equal to the lesser of (A) the then aggregate Principal Amount of the Class C Bonds and (B) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A and/or Class B Bonds pursuant to clauses (ii) and (iv) above; (vii) to the Holders of the Class D Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (viii) after the aggregate Principal Amount of the Class A, Class B and Class C Bonds has been reduced to zero, to the Holders of the Class D Bonds in respect of principal, up to an amount equal to the lesser of (A) the then aggregate Principal Amount of the Class D Bonds and (B) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B and/or Class C Bonds pursuant to clauses (ii), (iv) and (vi) above; (ix) to the Holders of the Class E Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (x) after the aggregate Principal Amount of the Class A, Class B, Class C and Class D Bonds has been reduced to zero, to the Holders of the Class E Bonds in respect of principal, up to an amount equal to the lesser of (A) the then aggregate Principal Amount of the Class E Bonds and (B) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C and/or Class D Bonds pursuant to clauses (ii), (iv), (vi) and (viii) above; (xi) to the Holders of the Class F Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (xii) after the aggregate Principal Amount of the Class A, Class B, Class C, Class D and Class E Bonds has been reduced to zero, to the Holders of the Class F Bonds in respect of principal, up to an amount equal to the lesser of (A) the then aggregate Principal Amount of the Class F Bonds and (B) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C, Class D and/or Class E Bonds pursuant to clauses (ii), (iv), (vi), (viii) and (x) above; (xiii) if, after giving effect to the payments of principal on the Bonds contemplated by clauses (ii), (iv), (vi), (viii), (x) and (xii) above, the aggregate Principal Amount of all the Bonds still exceeds the then aggregate Stated Principal Balance of the Mortgage Pool, then to the holders of the Class A Bonds (allocable as between the two Classes of Class A Bondholders as described below), the Class B Bonds, the Class C Bonds, the Class D Bonds, the Class E Bonds and the Class F Bonds, in that order, in respect of principal, until (in the case of each Class of Bonds on which payments of principal are so made) such excess (or the aggregate Principal Amount of such Class of Bonds) is reduced to zero (whichever occurs first); and (xiv) to or at the direction of the Issuer in an amount equal to the entire remaining portion, if any, of the Available Payment Amount for such Payment Date.] [On each Payment Date prior to the Class A Principal Payment Cross-Over Date, if any, all payments of principal on the Class A Bonds pursuant to clause (i) or clause (xiii) of this Section 14(b) will be paid, first, to the Holders of the Class A-1 Bonds, until the aggregate Principal Amount of such Class of Bonds is reduced to zero, and thereafter, to the Holders of the Class A-2 Bonds, until the aggregate Principal Amount of such Class of Bonds is reduced to zero. On each Payment Date on and after the Class A Principal Payment Cross-Over Date, all payments of principal on the Class A Bonds pursuant to clause (i) or clause (xiii) of this Section 14(b) will be paid to the Holders of such two Classes of Bonds, pro rata, in accordance with their respective aggregate Principal Amounts outstanding immediately prior to such Payment Date, until the aggregate Principal Amount of each such Class of Bonds is reduced to zero.] (c) On each Payment Date, unless the Bonds have been declared due and payable pursuant to Section 5.02 of the Standard Indenture Provisions and payments and other collections from the Trust Estate are being applied pursuant to Section 5.06 of the Standard Indenture Provisions, the Indenture Trustee shall withdraw from the Bond Account and apply an amount equal to the Prepayment Premiums collected during the related Collection Period among the respective Classes of Bondholders and the Issuer for the following purposes and in the following order of priority, in each case to the extent of remaining funds: (i) to the Holders of the Class A Bonds in respect of additional interest, pro rata as between the two Classes of Class A Bondholders based on entitlement, up to an amount equal to the Yield Maintenance Amount for each such Class of Bonds for such Payment Date; (ii) to the Holders of the Class B Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date; (iii) to the Holders of the Class C Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date; (iv) to the Holders of the Class D Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date; (v) to the Holders of the Class E Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date; (vi) to the Holders of the Class F Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date; and (vii) to or at the direction of the Issuer in an amount equal to the entire remaining portion, if any, of such Prepayment Premiums for such Payment Date.] (d) If the Bonds have been declared due and payable pursuant to Section 5.02 of the Standard Indenture Provisions and payments and other collections from the Trust Estate are to be applied pursuant to Section 5.06 of the Standard Indenture Provisions, then the portion of such payments and other collections allocable to make payments on the Bonds on each Payment Date shall be applied among the respective Classes of Bondholders for the following purposes and in the following order of priority, in each case to the extent of remaining funds: (i) to the Holders of the Class A Bonds in respect of interest, pro rata as between the two Classes of Class A Bondholders based on entitlement, up to an amount equal to all unpaid interest accrued in respect of each such Class of Bonds through the end of the related Interest Accrual Period; (ii) to the Holders of the Class A Bonds in respect of principal, pro rata as between the two Classes of Class A Bondholders based on their respective aggregate Principal Amounts, until such Bonds are retired; (iii) to the Holders of the Class B Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (iv) after the aggregate Principal Amount of the Class A Bonds has been reduced to zero, to the Holders of the Class B Bonds in respect of principal, until such Bonds are retired; (v) to the Holders of the Class C Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (vi) after the aggregate Principal Amount of the Class A and Class B Bonds has been reduced to zero, to the Holders of the Class C Bonds in respect of principal, until such Bonds are retired; (vii) to the Holders of the Class D Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (viii) after the aggregate Principal Amount of the Class A, Class B and Class C Bonds has been reduced to zero, to the Holders of the Class D Bonds in respect of principal, until such Bonds are retired; (ix) to the Holders of the Class E Bonds in respect of interest, up to an amount equal to unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; (x) after the aggregate Principal Amount of the Class A, Class B, Class C and Class D Bonds has been reduced to zero, to the Holders of the Class E Bonds in respect of principal, until such Bonds are retired; (xi) to the Holders of the Class F Bonds in respect of interest, up to an amount equal to all unpaid interest accrued in respect of such Class of Bonds through the end of the related Interest Accrual Period; and (xii) after the aggregate Principal Amount of the Class A, Class B, Class C, Class D and Class E Bonds has been reduced to zero, to the Holders of the Class F Bonds in respect of principal, until such Bonds are retired.] (e) Until such time as the Indenture Trustee receives contrary instructions from the Owner Trustee in writing, the Indenture Trustee is hereby authorized and agrees to make all payments that are to be made to or at the direction of the Issuer pursuant to either of subsections (b) or (c) of this Section 14 or pursuant to Section 5.06 of the Standard Indenture Provisions directly to the Depositor as the sole holder of all the Owner Trust Certificates, by wire transfer in accordance with written wiring instructions provided by the Depositor. This Section 14(e) shall constitute a direction made by the Owner Trustee in accordance with Section [ ] of the Deposit Trust Agreement, and all payments made pursuant to this Section 14(e) shall constitute distributions made pursuant to Section [ ] of the Deposit Trust Agreement. The Indenture Trustee agrees to accept and act in accordance with such alternative payment instructions with respect to monies payable to or at the direction of the Issuer as the Owner Trustee shall provide in writing no less than five Business Days prior to the related Payment Date. In connection with making any payments pursuant to this Section 14(e), the Indenture Trustee shall promptly provide to the Owner Trustee and the General Administrator by facsimile transmission and first-class mail, postage prepaid, a written statement detailing the amounts so paid.] (f) There will be no Credit Support Agreements, Cash Flow Agreements or Reserve Funds with respect to the Bonds and, accordingly, the provisions of the Standard Indenture Provisions that relate to such agreements and funds will be inapplicable solely with respect to the Bonds.]
Appears in 2 contracts
Sources: Indenture Agreement (Criimi Mae CMBS Corp), Indenture Agreement (Criimi Mae CMBS Corp)
Payments on the Bonds. (a) All payments of interest, principal and other amounts made with respects respect to any Class of Bonds will be allocated pro rata among the Outstanding Bonds of such Class based on the respective Principal Amounts thereof.
(b) On each Payment Date, unless the Bonds have been declared due and payable pursuant to Section 5.02 of the Standard Indenture Provisions and payments and other collections from the Trust Estate are being applied pursuant to Section 5.06 of the Standard Indenture Provisions, the Indenture Trustee shall withdraw from the Bond Account and apply the Available Payment Amount Funds for such Payment Date among the respective Classes of Bondholders and the Issuer for the following purposes and in the following order of priority, in each case to the extent of remaining funds:
(i) to make payments of interest to the Holders of the Class A Bonds in respect of interestBonds, pro rata as between the two Classes of Class A Bondholders based on entitlement, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of each such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(ii) to make payments of principal to the Holders of the Class A Bonds in respect of principal, allocable as between the two Classes of Class A Bondholders as provided belowA-1 Bonds, up to an amount equal to the lesser of (Aa) the then aggregate Aggregate Principal Amount of the Class A A-1 Bonds and (Bb) the Principal Payment Amount for such Payment Date;
(iii) after the Aggregate Principal Amount of the Class A-1 Bonds has been reduced to zero, to make payments of principal to the Holders of the Class A-2 Bonds, up to an amount equal to the lesser of (a) the then Aggregate Principal Amount of the Class A-2 Bonds and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A-1 Bonds pursuant clause (ii) above;
(iv) to make any payments of interest to the Holders of the Class B Bonds in respect of interestBonds, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(ivv) after the aggregate Aggregate Principal Amount of the Class A Bonds has been reduced to zero, to make payments of principal to the Holders of the Class B Bonds in respect of principalBonds, up to an amount equal to the lesser of (Aa) the then aggregate Aggregate Principal Amount of the Class B Bonds and (Bb) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A Bonds pursuant to clause clauses (ii) and (iii) above;
(vvi) to make payments of interest to the Holders of the Class C Bonds in respect of interestBonds, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(vivii) after the aggregate Aggregate Principal Amount of the Class A and Class B Bonds has been reduced to zero, to make payments of principal to the Holders of the Class C Bonds in respect of principalBonds, up to an amount equal to the lesser of (Aa) the then aggregate Aggregate Principal Amount of the Class C Bonds and (Bb) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A and/or Class B Bonds pursuant to clauses (ii), (iii) and (ivv) above;
(viiviii) to make payments of interest to the Holders of the Class D-1 and Class D-2 Bonds, pro rata between the two Classes of Class D Bonds in respect of interestBondholders based on entitlement, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of each such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(viiiix) after the aggregate Aggregate Principal Amount of the Class A, Class B and Class C Bonds has been reduced to zero, to make payments of principal to the Holders of the Class D Bonds in respect of principalD-1 Bonds, up to an amount equal to the lesser of (Aa) the then aggregate Aggregate Principal Amount of the Class D D-1 Bonds and (Bb) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B and/or Class C Bonds pursuant to clauses (ii), (iviii), (v) and (vivii) above;
(x) after the Aggregate Principal Amount of the Class A, Class B, Class C and Class D-1 Bonds has been reduced to zero, to make payments of principal to the Holders of the Class D-2 Bonds, up to an amount equal to the lesser of (a) the then Aggregate Principal Amount of the Class D-2 Bonds and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C and/or Class D-1 Bonds pursuant to clauses (ii), (iii), (v), (vii) and (ix) above;
(xi) to make payments of interest to the Holders of the Class E Bonds in respect of interestBonds, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(xxii) after the aggregate Aggregate Principal Amount of the Class A, Class B, Class C and Class D Bonds has been reduced to zero, to make payments of principal to the Holders of the Class E Bonds in respect of principalBonds, up to an amount equal to the lesser of (Aa) the then aggregate Aggregate Principal Amount of the Class E Bonds and (Bb) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C and/or Class D Bonds pursuant to clauses (ii), (iviii), (viv), (vii), (ix) and (viiix) above;
(xixiii) to make payments of interest to the Holders of the Class F Bonds in respect of interestBonds, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(xiixiv) after the aggregate Aggregate Principal Amount of the Class A, Class B, Class C, Class D and Class E Bonds has been reduced to zero, to the make payments of principal to Holders of the Class F Bonds in respect of principalBonds, up to an amount equal to the lesser of (Aa) the then aggregate Aggregate Principal Amount of the Class F Bonds and (Bb) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C, Class D and/or Class E Bonds pursuant to clauses (ii), (iviii), (viv), (viiivii), (ix), (x) and (xxii) above;
(xiiixv) to make payments of interest to the Holders of the Class G Bonds, up to an amount equal to all Accrued Bond Interest in respect of such Class of Bonds for the related Interest Accrual Period and, to the extent not previously paid, for all prior Interest Accrual Periods;
(xvi) after the Aggregate Principal Amount of the Class A, Class B, Class C, Class D, Class E and Class F Bonds has been reduced to zero, to make payments of principal to the Holders of the Class G Bonds, up to an amount equal to the lesser of (a) the then Aggregate Principal Amount of the Class G Bonds and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C, Class D, Class E and/or Class F Bonds pursuant to clauses (ii), (iii), (v), (vii), (ix), (x), (xii) and (xiv) above;
(xvii) to make payments of interest to the Holders of the Class H-1 and Class H-2 Bonds, pro rata between the two Classes of Class H Bondholders based on entitlement, up to an amount equal to all Accrued Bond Interest in respect of each such Class of Bonds for the related Interest Accrual Period and, to the extent not previously paid, for all prior Interest Accrual Periods;
(xviii) after the Aggregate Principal Amount of the Class A, Class B, Class C, Class D, Class E, Class F and Class G Bonds has been reduced to zero, to make payments of principal to the Holders of the Class H-1 Bonds up to an amount equal to the lesser of
(a) the then Aggregate Principal Amount of the Class H-1 Bonds and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C, Class D, Class E, Class F and/or Class G Bonds pursuant to clauses (ii), (iii), (v), (vii), (ix), (x), (xii), (xiv) and (xvi) above;
(xix) after the Aggregate Principal Amount of the Class A, Class B, Class C, Class D, Class E, Class F, Class G and Class H-1 Bonds has been reduced to zero, to make payments of principal to the Holders of the Class H-2 Bonds, up to an amount equal to the lesser of (a) the then Aggregate Principal Amount of the Class H-2 Bonds and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C, Class D, Class E, Class F, Class G and/or Class H-1 Bonds pursuant to clauses (ii), (iii), (v), (vii), (ix), (x), (xii), (xiv), (xvi) and (xviii) above;
(xx) to make payments of interest to the Holders of the Class J Bonds, up to an amount equal to all Accrued Bond Interest in respect of such Class of Bonds for the related Interest Accrual Period and, to the extent not previously paid, for all prior Interest Accrual Periods;
(xxi) after the Aggregate Principal Amount of the Class A, Class B, Class C, Class D, Class E, Class F, Class G and Class H Bonds has been reduced to zero, to make payments of principal to the Holders of the Class J Bonds, up to an amount equal to the lesser of (a) the then Aggregate Principal Amount of the Class J Bonds and (b) the excess, if any, of the Principal Payment Amount for such Payment Date over any amounts paid on such Payment Date in retirement of the Class A, Class B, Class C, Class D, Class E, Class F, Class G and/or Class H Bonds pursuant to clauses (ii), (iii), (v), (vii), (ix), (x), (xii), (xiv), (xvi), (xiv), (xvi), (xviii) and (xix) above;
(xxii) if, after giving effect to the payments of principal on the Bonds contemplated by clauses (ii), (iviii), (viv), (viiivii), (ix), (x), (xii), (xiv), (xvi), (xviii), (xix) and (xiixxi) above, the aggregate Aggregate Principal Amount of all the Bonds still exceeds the then aggregate Stated Aggregate Collateral Principal Balance of the Mortgage PoolAmount, then to make payments of principal to the holders Holders of the Class A Bonds (allocable as between the two Classes of Class A Bondholders as described belowon a pro rata basis in accordance with the respective Aggregate Principal Amounts of their Bonds), the Class B Bonds, the Class C Bonds, the Class D Bonds (allocable as between the two Classes of Class D Bondholders on a pro rata basis in accordance with the respective Aggregate Principal Amounts of their Bonds), the Class E Bonds, the Class E F Bonds, the Class G Bonds, the Class H Bonds (allocable as between the two Classes of Class H Bondholders on a pro rata basis in accordance with the respective Aggregate Principal Amounts of their Bonds) and the Class F J Bonds, in that order, in respect of principal, until (in the case of each such Class or pair of Classes of Bonds on which payments of principal are so made) such excess (or the aggregate Aggregate Principal Amount of such Class or Classes of Bonds) is reduced to zero (whichever occurs first); and
(xivxxiii) to or at the direction of the Issuer in an amount equal to the entire extent of any remaining portion, if any, of the Available Payment Amount Funds for such Payment Date.] [On each Payment Date prior to the Class A Principal Payment Cross-Over Date; provided that, if anythe aggregate of the Net Aggregate Principal Amounts of the Subordinate Bonds has been reduced to zero, all payments then the payment of principal on the Class A Bonds pursuant to clause (i) or clause (xiii) of this Section 14(b) will be paid, first, to the Holders of the Class A-1 Bonds, until the aggregate Principal Amount of such Class of Bonds is reduced to zero, and thereafter, to the Holders of the Class A-2 Bonds, until the aggregate Principal Amount of such Class of Bonds is reduced to zero. On each Payment Date on and after the Class A Principal Payment Cross-Over Date, all payments of principal on the Class A Bonds pursuant to clause contemplated by clauses (iii) or clause and (xiiiiii) of this Section 14(b) above will instead be paid to made on a pro rata basis between the Holders of such two Classes of Class A Bondholders based on the respective Aggregate Principal Amounts of the two Classes of Class A Bonds, pro rata, in accordance with their respective aggregate Principal Amounts outstanding immediately prior up to such Payment Date, until the aggregate Aggregate Principal Amount of each such Class of Bonds is reduced to zeroClass A Bonds.]
(c) On each Payment Date, unless if the Bonds have been declared due and payable pursuant to Section 5.02 of the Standard Indenture Provisions following an Issuer Event of Default, such declaration and its consequences have not been rescinded and annulled and payments and other collections from the Trust Estate are being applied pursuant to Section 5.06 of the Standard Indenture Provisions, any such payments or other collections allocable to payments on the Bonds on such date in accordance with such Section 5.06 of the Standard Indenture Trustee shall withdraw from the Bond Account and apply an amount equal to the Prepayment Premiums collected during the related Collection Period among the respective Classes of Bondholders and the Issuer Provisions will be applied for the following purposes and in the following order of priority, in each case to the extent of remaining funds:
(i) to the Holders of the Class A Bonds in respect of additional interest, pro rata as between the two Classes of Class A Bondholders based on entitlement, up to an amount equal to the Yield Maintenance Amount for each such Class of Bonds for such Payment Date;
(ii) to the Holders of the Class B Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date;
(iii) to the Holders of the Class C Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date;
(iv) to the Holders of the Class D Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date;
(v) to the Holders of the Class E Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date;
(vi) to the Holders of the Class F Bonds in respect of additional interest, up to an amount equal to the Yield Maintenance Amount for such Class of Bonds for such Payment Date; and
(vii) to or at the direction of the Issuer in an amount equal to the entire remaining portion, if any, of such Prepayment Premiums for such Payment Date.]
(d) If the Bonds have been declared due and payable pursuant to Section 5.02 of the Standard Indenture Provisions and payments and other collections from the Trust Estate are to be applied pursuant to Section 5.06 of the Standard Indenture Provisions, then the portion of such payments and other collections allocable to make payments on the Bonds on each Payment Date shall be applied among the respective Classes of Bondholders for the following purposes and in the following order of priority, in each case to the extent of remaining funds:
(i) interest to the Holders of the Class A Bonds in respect of interestBonds, pro rata as between the two Classes of Class A Bondholders based on entitlement, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of each such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(ii) to make payments of principal to the Holders of the Class A Bonds in respect of principalBonds, pro rata as between the two Classes of Class A Bondholders based on the respective Aggregate Principal Amounts of their respective aggregate Principal AmountsBonds, until such Bonds are retired;
(iii) to make payments of interest to the Holders of the Class B Bonds in respect of interestBonds, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(iv) after the aggregate Aggregate Principal Amount of the Class A Bonds has been reduced to zero, to make payments of principal to the Holders of the Class B Bonds in respect of principalBonds, until such Bonds are retired;
(v) to make payments of interest to the Holders of the Class C Bonds in respect of interestBonds, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(vi) after the aggregate Aggregate Principal Amount of the Class A and Class B Bonds has been reduced to zero, to make payments of principal to the Holders of the Class C Bonds in respect of principalBonds, until such Bonds are retired;
(vii) to make payments of interest to the Holders of the Class D Bonds in respect Bonds, pro rata as between the two Classes of interestClass D Bondholders based on entitlement, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of each such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(viii) after the aggregate Aggregate Principal Amount of the Class A, Class B and Class C Bonds has been reduced to zero, to make payments of principal to the Holders of the Class D Bonds in respect Bonds, pro rata as between the two Classes of principalClass D Bondholders based on the respective Aggregate Principal Amounts of their Bonds, until such Bonds are retired;
(ix) to make payments of interest to the Holders of the Class E Bonds in respect of interestBonds, up to an amount equal to unpaid interest accrued all Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual PeriodPeriod and, to the extent not previously paid, for all prior Interest Accrual Periods;
(x) after the aggregate Aggregate Principal Amount of the Class A, Class B, Class C and Class D Bonds has been reduced to zero, to make payments of principal to the Holders of the Class E Bonds in respect of principalBonds, until such Bonds are retired;
(xi) to make payments of interest to the Holders of the Class F Bonds in respect of interestBonds, up to an amount equal to all unpaid interest accrued Accrued Bond Interest in respect of such Class of Bonds through the end of for the related Interest Accrual Period; Period and, to the extent not previously paid, for all prior Interest Accrual Periods;
(xii) after the aggregate Aggregate Principal Amount of the Class A, Class B, Class C, Class D and Class E Bonds has been reduced to zero, to make payments of principal to the Holders of the Class F Bonds in respect of principalBonds, until such Bonds are retired.];
(exiii) Until such time as the Indenture Trustee receives contrary instructions from the Owner Trustee in writing, the Indenture Trustee is hereby authorized and agrees to make all payments that are of interest to be made to or at the direction Holders of the Issuer pursuant Class G Bonds, up to either an amount equal to all Accrued Bond Interest in respect of subsections such Class of Bonds for the related Interest Accrual Period and, to the extent not previously paid, for all prior Interest Accrual Periods;
(bxiv) or (c) of this Section 14 or pursuant to Section 5.06 after the Aggregate Principal Amount of the Standard Indenture Provisions directly Class A, Class B, Class C, Class D, Class E and Class F Bonds has been reduced to zero, to make payments of principal to the Depositor as the sole holder of all the Owner Trust Certificates, by wire transfer in accordance with written wiring instructions provided by the Depositor. This Section 14(e) shall constitute a direction made by the Owner Trustee in accordance with Section [ ] Holders of the Deposit Trust AgreementClass G Bonds, and all until such Bonds are retired;
(xv) to make payments made pursuant of interest to this Section 14(e) shall constitute distributions made pursuant to Section [ ] the Holders of the Deposit Trust Agreement. The Indenture Trustee agrees Class H Bonds, pro rata between the two Classes of Class H Bondholders based on entitlement, up to accept and act in accordance with such alternative payment instructions with respect an amount equal to monies payable to or at the direction of the Issuer as the Owner Trustee shall provide in writing no less than five Business Days prior to the related Payment Date. In connection with making any payments pursuant to this Section 14(e), the Indenture Trustee shall promptly provide to the Owner Trustee and the General Administrator by facsimile transmission and first-class mail, postage prepaid, a written statement detailing the amounts so paid.]
(f) There will be no Credit Support Agreements, Cash Flow Agreements or Reserve Funds with respect to the Bonds and, accordingly, the provisions of the Standard Indenture Provisions that relate to such agreements and funds will be inapplicable solely with respect to the Bonds.]all Accrued Bond Intere
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Sources: Terms Indenture (Criimi Mae Inc)