Common use of Priorities of Distribution Clause in Contracts

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 17 contracts

Sources: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2006-J4), Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (Alternative Loan Trust 2006-J8)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 16 contracts

Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently concurrently, as follows:

Appears in 6 contracts

Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-37t1), Pooling and Servicing Agreement (Alternative Loan Trust 2005-42cb), Pooling and Servicing Agreement (Alternative Loan Trust 2005-47cb)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reservedreserved]; (iv) to each Class of Senior Certificates, concurrently concurrently, as follows:

Appears in 5 contracts

Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-21cb), Pooling and Servicing Agreement (Alternative Loan Trust 2006-9t1), Pooling and Servicing Agreement (Alternative Loan Trust 2006-9t1)

Priorities of Distribution. (a1) On With respect to the Available Funds for Loan Group 1, on each Distribution Date, the Trustee shall withdraw the such Available Funds from 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 the 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 that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Group 1 Senior Certificates, concurrently as follows:

Appears in 5 contracts

Sources: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2007-Hy1), Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2006-Hyb2), Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2007-Hyb1)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (Cwabs Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates 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 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution Amount, any shortfall being allocated pro rata 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 4.02(a)(iii; (ii) (Reserved); (iii) [Reserved]; (iv) to each Class of Senior Certificates, Certificates concurrently as follows:

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a1) On each Distribution Date, the Trustee shall withdraw the Available Funds for such Distribution Date from the Distribution Account and apply such funds to distributions on the specified Classes of 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 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 that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of 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. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [(Reserved];) (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mortgage Pass THR Certs Ser 1998-1), Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a1) On each Distribution Date, the Trustee shall withdraw the Available Funds for Loan Group 1 from the Distribution Account and apply such funds to distributions on the Group 1 Senior Certificates in the following order and priority andpriority, 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 4.02(a)(iii); (ii) [reserved]; (iii) [Reserved]; (iv) concurrently, to each Class of Group 1 Senior Certificates, concurrently Certificates as follows:

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar4), Pooling and Servicing Agreement (IndyMac INDA Mortgage Loan Trust 2007-Ar3)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall shall, to the extent on deposit therein, withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates specified Classes of 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 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 4.02(a)(iii); (iiiii) [ReservedReserved for distribution of Accrual Amount, if any.]; (iviii) to each Class of Senior Certificates, concurrently Certificates as follows:

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 1999-Tbc1), Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Cer Ser 1999-Tbc2)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 5.01an amount equal to the sum of the Class A-9 Premium and the Class A-10 Premium; (ii) concurrently, to each interest-bearing Class of 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 4.02(a)(iii); (iii) [Reserved]the Accrual Amount will be distributed as principal in accordance with the Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Accrual Amount shall be distributed as principal in accordance with the Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently concurrently, as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-29cb)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and and, pursuant to instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds funds, first to distributions in respect of the Lower-Tier REMIC Regular Interests, as provided in Section 4.02(e), and then to distributions on the 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 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution AmountAccrued Certificate Interest, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Accrued Certificate 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates (other than the Class A-X Certificates), concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mortgage Asset Sec Transactions Inc Mastr Alt Ln Tr 2002 1)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently concurrently, as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2007-23cb)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates in the following order and priority and, in each case, and to the extent of Available Funds remaining: (i) [Reserved]; (ii) concurrently, to each interest-bearing Class of 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Accrual Amount will be distributed in accordance with the Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Accrual Amount will be distributed as principal in accordance with the Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Class A-6 Accrual Amount will be distributed as principal in accordance with the Class A-6 Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Accrual Amount will be distributed in accordance with the Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall shall, to the extent on deposit therein, withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates specified Classes of 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-interest- bearing Class of 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 4.02(a)(iii); (iiiii) [ReservedReserved for distribution of Accrual Amount, if any.]; (iviii) to each Class of Senior Certificates, concurrently Certificates as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mellon Residential Funding Corp)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall shall, to the extent on deposit therein, withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates specified Classes of 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 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. (ii) [Reserved for distribution of Accrual Amount, provided that prior to an Accrual Termination Date, the related Accrual Amount shall be distributed as provided in Section 4.02(a)(iii);if any.] (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently Certificates as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mellon Residential Funding Cor Mor Pas THR Tr Ser 1999-Tbc3)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Class A-21 Accrual Amount and the Class A-22 Accrual Amount shall be distributed as principal in accordance with the Class A-21 and Class A-22 Accretion Direction Rules, respectively; (iv) to each Class of Senior Certificates, concurrently concurrently, as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2005-46cb)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 the Accrual Termination Date, the related amount otherwise distributable as interest on each Class of Accrual Amount Certificates on such Distribution Date shall be distributed to the Accretion Directed Certificates as provided set forth in Section 4.02(a)(iii); (iii4.02(a)(ii) [Reserved]; (iv) and added to each Class of Senior Certificates, concurrently as follows:the Class

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Cwabs Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently concurrently, as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Accrual Amount shall be distributed in accordance with the Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Class A-2 Accrual Amount will be distributed as principal in accordance with the Class A-2 Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the Certificates and 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 Class A-5 Premium; (ii) concurrently, to each interest-bearing Class of 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the specified Classes of 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 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reservedreserved]; (iv) to each Class of Senior Certificates, concurrently concurrently, as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-35cb)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and and, pursuant to instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds to distributions on the 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 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution AmountAccrued Certificate Interest, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Accrued Certificate 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 4.02(a)(iii); (iii) [Reserved]; (iv) to each Class of Senior Certificates (other than the Class A-X Certificates), concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pass THR Cer Ser 2002-1)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii)clause (iii) below; (iii) [Reserved]the Class A-7 Accrual Amount will be distributed as principal in accordance with the Class A-7 Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Class A-3 Accrual Amount will be distributed as principal in accordance with the Class A-3 Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a1) On each Distribution Date, the Trustee shall withdraw the Available Funds for Loan Group 1 from the Distribution Account and apply such funds to distributions on the Group 1 Senior Certificates in the following order and priority andpriority, 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 4.02(a)(iii); (ii) [reserved]; (iii) [Reserved]; (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 in the following priority:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (IndyMac IMSC Mortgage Loan Trust 2007-Ar1)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Class A-3 Accrual Amount will be distributed as principal in accordance with the Class A-3 Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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]; (ii) concurrently, to each interest-bearing Class of 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 4.02(a)(iii); (iii) [Reserved];. (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]the Class A-4 Accrual Amount will be distributed as principal in accordance with the Class A-4 Accretion Direction Rule; (iv) to each Class of Senior Certificates, concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CWMBS Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and apply such funds to distributions on the 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 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 4.02(a)(iii); (iii) [Reserved]; (ivii) to each Class of Senior Certificates, concurrently concurrently, as follows:;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)

Priorities of Distribution. (a) On each Distribution Date, the Trustee shall withdraw the Available Funds from the Distribution Account and and, pursuant to instruction received from the Master Servicer as set forth in Section 4.04(a), upon which it may conclusively rely, apply such funds funds, first to distributions in respect of the Lower-Tier REMIC Regular Interests, as provided in Section 4.02(e), and then to distributions on the 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 Senior Certificates, an amount allocable to interest equal to the related Class Optimal Interest Distribution AmountAccrued Certificate Interest, any shortfall being allocated among such Classes in proportion to the amount of the Class Optimal Accrued Certificate 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 4.02(a)(iii); (iii) [(Reserved]); (iv) to each Class of Senior Certificates (other than the Class A-3 and Class A-X Certificates), concurrently as follows:

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mor Pass THR Cer Ser 2001-2)