Payments to Certificateholders and Related Matters Sample Clauses

The "Payments to Certificateholders and Related Matters" clause defines how and when payments are distributed to holders of certificates under an agreement, such as in a securitization or trust arrangement. It typically outlines the schedule, method, and priority of payments, as well as any conditions or procedures for withholding or redirecting funds, such as for taxes or fees. This clause ensures that all parties understand the mechanics of payment distribution, thereby providing transparency and reducing the risk of disputes over entitlements or timing of payments.
Payments to Certificateholders and Related Matters. Section 4.01 Distributions on the REMIC Regular Interests and the Certificates. (a) On each Distribution Date, amounts held in the REMIC I Distribution Account shall be withdrawn (to the extent of the REMIC I Available Distribution Amount) in the case of all Classes of REMIC I Regular Interests and distributed on the REMIC I Regular Interests as follows: 143 (i) to distributions of interest on the Class LA-1 Uncertificated Interest, the Class LA-2 Uncertificated Interest, the Class LA-3 Uncertificated Interest, the Class LA-4 Uncertificated Interest, pro rata in accordance with the respective amounts of Uncertificated Distributable Certificate Interest payable in respect of such Classes of REMIC I Regular Interests described in this clause (i), in an amount equal to all Distributable Certificate Interest in respect of each such Class of REMIC I Regular Interests for such Distribution Date and, to the extent not previously paid, for all prior Distribution Dates; (ii) to distributions of principal, first on the Class LA-1 Uncertificated Interest, second on the Class LA-2 Uncertificated Interest, third on the Class LA-3 Uncertificated Interest and fourth on the Class LA4 Uncertificated Interest, in each case in an amount (not to exceed the Uncertificated Principal Balance of such Class of REMIC I Regular Interests outstanding immediately prior to such Distribution Date) equal to the entire remaining amount of the Principal Distribution Amount (net of any portion thereof representing the principal portion of any Voluntary Prepayments) for such Distribution Date; (iii) to distributions of principal on the Class LA- I Uncertificated Interest, the Class LA-2 Uncertificated Interest, the Class LA-3 Uncertificated Interest and the Class LA-4 Uncertificated Interest, in amounts allocated to the Corresponding Certificates pursuant to clause (iii) of Section 4.01(b), in each case in an amount (not to exceed the Uncertificated Principal Balance of such Class of REMIC I Regular Interests outstanding immediately prior to such Distribution Date net of distributions in reduction of such Uncertificated Principal Balance pursuant to clause (ii) above) equal, in the aggregate, to the portion of the Principal Distribution Amount representing the principal portion of any Voluntary Prepayments for such Distribution Date; provided that if the amount allocated to the Corresponding Certificates of any Class pursuant to clause (iv) of Section 4.01(b) exceeds such remaining Uncertifi...
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Payments to Certificateholders and Related Matters 
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Related to Payments to Certificateholders and Related Matters

  • PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS REMIC ADMINISTRATION Section 5.01 Distributions..................................................... Section 5.02

  • Payments and Statements to Certificateholders Remic Administration Section 5.01 Distributions On each Distribution Date, based solely on the information in the Servicer's Certificate, the Trustee shall distribute out of the Certificate Account (to the extent funds are available therein) to each Certificateholder of record on the related Record Date (other than as provided in Section 10.01 respecting the final distribution) (a) by check mailed to such Certificateholder entitled to receive a distribution on such Distribution Date at the address appearing in the Certificate Register, or (b) upon written request by the Holder of a Regular Certificate or a Class A-PO Certificate, by wire transfer or by such other means of payment as such Certificateholder and the Trustee shall agree upon, such Certificateholder's Percentage Interest in the amount to which the related Class of Certificates is entitled in accordance with the priorities set forth below in Section 5.02; provided, however, that distributions of principal to the Special Retail Certificates shall be made as described in Section 5.09. Notwithstanding the foregoing, the distribution to the Holders of the Class SES Certificates shall be reduced by the amount of the Class SES Compensating Interest for such Distribution Date. None of the Holders of any Class of Certificates, the Depositor, the Servicer or the Trustee shall in any way be responsible or liable to Holders of any Class of Certificates in respect of amounts properly previously distributed on any such Class. Amounts distributed with respect to any Class of Certificates (other than any Ancillary Income distributed with respect to the Class SES Certificates) shall be applied first to the distribution of interest thereon and then to principal thereon.

  • Payments to Certificateholders 68 Section 4.01. Certificate Account..................................................68 Section 4.02. Distributions........................................................68 Section 4.03. Statements to Certificateholders; Statements to Rating Agencies; Exchange Act Reporting............................................68 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.............................................70

  • Statements to Certificateholders and Noteholders (a) On each Determination Date the Servicer shall provide to the Indenture Trustee (with a copy to the Rating Agencies), for the Indenture Trustee to make available to each Noteholder of record, and, if NH Credit or an Affiliate is not the Servicer or the Depositor is not the sole Certificateholder, to the Indenture Trustee (if the Indenture Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement) or the Trustee (if the Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement), for the Indenture Trustee or Trustee, as applicable, to forward to each Certificateholder of record, a statement substantially in the form of Exhibit C, setting forth at least the following information as to each Class of the Notes and the Certificates to the extent applicable: (i) the amount of such distribution allocable to principal of each Class of Notes; (ii) the amount of the distribution allocable to interest on each Class of Notes; (iii) the amount to be distributed to the Certificateholders; (iv) the Pool Balance as of the close of business on the last day of the preceding Collection Period; (v) the aggregate Outstanding Amount and the Note Pool Factor for each Class of Notes as of such Payment Date, after giving effect to payments allocated to principal reported under clause (i) above; (vi) [Reserved]; (vii) the amount of the Servicing Fee paid to the Servicer with respect to the preceding Collection Period; (viii) the amount of the Administration Fee paid to the Administrator in respect of the preceding Collection Period; (ix) the amount of the aggregate Realized Losses, if any, for such Collection Period; (x) the aggregate Purchase Amounts for Receivables, if any, that were repurchased or purchased in such Collection Period; (xi) the balance of the Spread Account on the related Payment Date, after giving effect to changes therein on such Payment Date; (xii) [Reserved]; (xiii) [Reserved]; (xiv) [Reserved]; (xv) [Reserved]; (xvi) [Reserved]; (xvii) [Reserved]; (xviii) [Reserved]; (xix) [Reserved]; (xx) the Specified Spread Account Balance. The Indenture Trustee will make the statement to Noteholders available each month to Noteholders and other parties to the Basic Documents via the Indenture Trustee’s internet website, which is presently located at ▇▇▇▇://▇▇.▇▇▇▇▇▇▇▇▇▇.▇▇▇. Persons who are unable to use the above website are entitled to have a paper copy mailed to them via first class mail by calling the Indenture Trustee at (▇▇▇) ▇▇▇-▇▇▇▇. The Indenture Trustee shall have the right to change the way the statement to Noteholders is distributed in order to make such distribution more convenient and/or more accessible to the above parties and to the Noteholders. The Indenture Trustee shall provide timely and adequate notification to all above parties and to the Noteholders regarding any such change. In connection with any electronic transmissions of information, including without limitation, the use of electronic mail or internet or intranet web sites, the systems used in such transmissions are not fully tested by the Indenture Trustee and may not be completely reliable as to stability, robustness and accuracy. Accordingly, the parties hereto acknowledge and agree that information electronically transmitted as described herein may not be relied upon as timely, accurate or complete and that the Indenture Trustee shall have no liability hereunder in connection with such information transmitted electronically. The parties hereto further acknowledge that any and all systems, software or hardware utilized in posting or retrieving any such information are utilized on an “as is” basis without representation or warranty as to the intended uses of such systems, software or hardware. The Indenture Trustee makes no representation or warranty that the systems and the related software used in connection with the electronic transmission of information are free and clear of threats known as software and hardware viruses, time bombs, logic bombs, Trojan horses, worms, or other malicious computer instructions, intentional devices or techniques which may cause a component or system to become erased, damaged, inoperable, or otherwise incapable of being used in the manner to which it is intended, or which would permit unauthorized access thereto.

  • Distributions Statements to Certificateholders 28 Section 4.01. Certificate Account and Special Payments Account...................................... 28 Section 4.02. Distributions from Certificate Account and Special Payments Account................... 29 Section 4.03. Statements to Certificateholders...................................................... 30 Section 4.04. Investment of Special Payment Moneys.................................................. 31