Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining: (i) [Reserved]; (ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii); (iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule; (iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 10 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-3ar), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2004-11ar)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Collateral Allocation Group 1, 1 on each Distribution Date, the Securities Administrator shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of such Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 6 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-13), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-4)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule;[Reserved]; and
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 5 contracts
Sources: Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Alternative Loan Trust 2005-43), Pooling and Servicing Agreement (Alternative Loan Trust 2006-Hy10)
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 5 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-J5), Pooling and Servicing Agreement (Alternative Loan Trust 2006-11cb), Pooling and Servicing Agreement (Alternative Loan Trust 2006-J1)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Alternative Loan Trust 2005-20cb), Pooling and Servicing Agreement (Cwalt Inc)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates and Class 1-X Components in the following order and priority and, in each case, to the extent of Available Funds such funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class and Component of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution AmountAmount for such Distribution Date, any shortfall being allocated among such Classes and Components in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reservedreserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-33cb), Pooling and Servicing Agreement (Alternative Loan Trust 2007-1t1), Pooling and Servicing Agreement (Alternative Loan Trust 2007-1t1)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount for each Class of Accrual Certificates shall be distributed as principal to the applicable Classes of Accretion Directed Certificates in accordance with the Accretion Direction RuleRule for such Class of Accrual Certificates;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2007-7t2), Pooling and Servicing Agreement (Alternative Loan Trust 2007-6), Pooling and Servicing Agreement (Alternative Loan Trust 2007-8cb)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount for each Class of Accrual Certificates shall be distributed as principal to the applicable Accretion Directed Certificates in accordance with the related Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-25cb), Pooling and Servicing Agreement (Alternative Loan Trust 2006-28cb), Pooling and Servicing Agreement (Alternative Loan Trust 2006-26cb)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, 1 on each Distribution Date, the Securities Administrator shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of such Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-7)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall will be distributed as principal of the related Classes of Certificates in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the aggregate Accrual Amount shall will be distributed as principal in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount for the Accrual Certificates shall be distributed as principal to the Accretion Directed Certificates in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-27cb), Pooling and Servicing Agreement (Alternative Loan Trust 2006-24cb)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount for the Accrual Certificates shall be distributed as principal to the applicable Classes of Accretion Directed Certificates in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-5t2), Pooling and Servicing Agreement (Alternative Loan Trust 2006-13t1)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed as principal in accordance with the Accretion Direction Rule;; and
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Cwalt Inc)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes and Components of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds such funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class and Component of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution AmountAmount for such Distribution Date, any shortfall being allocated among such Classes and Components in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates and payments to MBIA in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved]to MBIA in accordance with the instructions set forth in Section 5.01 an amount equal to the Class 1-A-3 Premium;
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Class 1-A-8 Accrual Amount and the Class 1-A-9 Accrual Amount shall be distributed as principal in accordance with the Class 1-A-8 and Class 1-A-9 Accretion Direction RuleRules, respectively;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-34cb), Pooling and Servicing Agreement (Alternative Loan Trust 2005-34cb)
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2004-3)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates and payments to the Guarantor in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved]to the Guarantor in accordance with the instructions set forth in Section 5.01 an amount equal to the Guaranty Fee;
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as followssequentially in the following order of priority:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates and to payments to MBIA in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved]as long as no MBIA Default exists, to MBIA, in accordance with the instructions set forth in Section 5.01, an amount equal to the sum of the Class A-3 Premium and the Class A-4 Premium;
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount shall will be distributed as principal in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds for Collateral Allocation Group 1 from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of related Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(ii);
(ii) [reserved];
(iii) concurrently, to the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule;
(iv) to each Class Classes of Group 1 Senior Certificates, concurrently Certificates as follows:
(A) [reserved]; and
(B) on each Distribution Date, the Principal Amount up to the amount of the related Senior Principal Distribution Amount for Collateral Allocation Group 1 for such Distribution Date will be distributed in the following order of priority:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Securitization Trust 2007-A3)
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority andorder, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an the Class 1-A-8 Accrual Termination Date, the related Class 1-A-8 Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Class 1-A-8 Accrual Amount shall be distributed as principal to the applicable Classes of Accretion Directed Certificates in accordance with the Class 1-A-8 Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution AmountAmount for such Distribution Date, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided provided, however, that prior to an and including the Accrual Termination Date, the related Accrual Amount amount otherwise distributable as interest on the Class A-4 Certificates on such Distribution Date shall be distributed as provided in Section 5.02(a)(1)(iii)added to the Class Certificate Balance thereof;
(iii) the Accrual Amount shall will be distributed as principal in accordance with the applicable Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount shall will be distributed as principal of the related Classes of Certificates in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Class A-10 Accrual Amount shall and the Class A-13 Accrual Amount will be distributed in accordance with the Class A-10 Accretion Direction Rule and the Class A-13 Accretion Direction Rule, respectively;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided, however, that the amount of interest otherwise distributable to the Class A-X Certificates shall be deposited into the Class A-X Sub-Account and shall be distributed in accordance with Section 5.10; provided also that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii5.02(a)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, 1 on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds such funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided provided, however, that prior to an and including the applicable Accrual Termination Date, the related amount otherwise distributable as interest on each Class of Accrual Amount Certificates on such Distribution Date shall be distributed as provided in Section 5.02(a)(1)(iii)added to the respective Class Certificate Balances thereof;
(iii) the Class A-8 Accrual Amount shall will be distributed as principal in accordance with the Class A-8 Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Sec Trust 2002 A2j)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii5.02(a)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-11ar)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes Certificates and to the payment of Group 1 Senior Certificates the FSA Premium in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved]to Financial Security, the Aggregate FSA Premium;
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided provided, however, that prior to an and including the Accrual Termination Date, the related Accrual Amount amount otherwise distributable as interest on the Class A-11 Certificates on such Distribution Date shall be distributed as provided in Section 5.02(a)(1)(iii)added to the Class Certificate Balance thereof;
(iii) the Accrual Amount shall will be distributed as principal of the Class A-10 Certificates in accordance with the Class A-11 Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Mort Pas THR Certs Ser 2004-1)
Priorities of Distribution. (1a) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates and to payments to MBIA in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved]to MBIA in accordance with the instructions set forth in Section 5.01, an amount equal to the Class A-8 Premium;
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and of priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Loan Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Loan Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(iii) the Class 1-A-4 Accrual Amount shall will be distributed as principal in accordance with the applicable Accretion Direction Rule;
(iv) to each Class of Loan Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates and payments to Radian in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved]to Radian in accordance with the instructions set forth in Section 5.01 an amount equal to the Class A-6 Premium;
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Accrual Amount shall be distributed as principal in accordance with the Accretion Direction Rule;; and
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Collateral Allocation Group 1, 1 on each Distribution Date, the Securities Administrator shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of such Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);; 66
(iii) the Class 1-A-6 Accrual Amount shall be distributed in accordance with the Class 1-A-6 Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-1)
Priorities of Distribution. (1) With respect to Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates, that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2007-J1)
Priorities of Distribution. (1) With respect to the Available Funds for Loan Collateral Allocation Group [1, ] on each Distribution Date, the Securities Administrator shall withdraw the such Available Funds from the funds available therefor therefore in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 [1] Senior Certificates in the following order and priority and, in each case, to the extent of such Available Funds remaining:
(i) [Reserved];
(ii) [concurrently, to each interest-bearing Class of Group 1 [1] Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii)];
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 [1] Senior Certificates, concurrently as follows:
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
Priorities of Distribution. (1) With respect to On each Distribution Date, the Trustee shall withdraw the Available Funds for Loan Group 1, on each Distribution Date, the Securities Administrator shall withdraw the Available Funds 1 from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii);
(ii) [reserved];
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule;
(iv) concurrently, to each Class of Group 1 Senior Certificates, concurrently Certificates as follows:
(A) [reserved]; and
(B) on each Distribution Date, the Principal Amount for Loan Group 1, up to the amount of the related Senior Principal Distribution Amount for such Distribution Date will be distributed, sequentially, to the Class A-R and Class 1-A-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero;
(iv) [reserved];
Appears in 1 contract
Sources: Pooling and Servicing Agreement (IndyMac Indx Mortgage Loan Trust 2004-Ar13)
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates and to payments to MBIA in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved]to MBIA in accordance with the instructions set forth in Section 5.01, an amount equal to the Class A-12 Premium;
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Class A-9 Accrual Amount shall will be distributed as principal in accordance with the Class A-9 Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, 1 on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and of priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2 and Loan Group 3, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Class 1-A-17 Accrual Amount shall will be distributed in accordance with the Class 1-A-17 Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an the Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) the Class A-3-1 Accrual Amount shall and the Class A-7 Accrual Amount will be distributed in accordance with the Class A-3-1 Accretion Direction Rule and Class A-7 Accretion Direction Rule, respectively;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 11 and Remaining Available Funds for Loan Group 2, on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule;[Reserved]; and
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract
Priorities of Distribution. (1) With respect to the Available Funds for Loan Group 1, 1 on each Distribution Date, the Securities Administrator Trustee shall withdraw the such Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds for such Loan Group remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount Amount, with respect to the Group 1 Certificates that would have been distributed in the absence of such shortfall; provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(1)(iii);
(iii) the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule[Reserved];
(iv) to each Class of Group 1 Senior Certificates, concurrently concurrently, as follows:
Appears in 1 contract
Priorities of Distribution. (1a) With respect to Available Funds for Loan Group 1, on On each Distribution Date, the Securities Administrator Trustee shall withdraw the Available Funds from the funds available therefor in the Distribution Account and apply such funds to distributions on the specified Classes of Group 1 Senior Certificates in the following order and priority and, in each case, to the extent of Available Funds remaining:
(i) [Reserved];
(ii) concurrently, to each interest-bearing Class of Group 1 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Interest Distribution Amount that would have been distributed in the absence of such shortfall; , provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 5.02(a)(1)(iii4.02(a)(iii);
(iii) concurrently, to the Class A-7 Accrual Amount shall be distributed and the Class A-10 Accrual Amount in accordance with the related Accretion Direction Rule;
(iv) to each Class of Group 1 Senior Certificates, concurrently as follows:
Appears in 1 contract