Remaining Amounts. 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A. and B. above on such Distribution Date; 2. Sequentially, to the Class M-1, Class M-2 and Class B Certificates, in that order, the related Class Monthly Interest Amounts for such Distribution Date; 3. To the Senior Certificates, (x) the Senior Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein, allocated pursuant to Section 5.01(b) below and (y) the principal portion of any Insured Payments for such Distribution Date, allocated between Certificate Group F and Certificate Group A in proportion to the respective portions of the Senior Principal Distribution Amount to which each such Certificate Group is otherwise entitled and applied, in the case of Certificate Group F, in the order set forth in Section 5.01(b)(A)(i) below; 4. To the Certificate Insurer, any amount owing to it under the Insurance Agreement; 5. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein; 6. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein; 7. To the Class B Certificates, the Class B Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein; 8. To the Offered Certificates, the Subordination Increase Amount for such Distribution Date, allocated pursuant to Section 5.01(b) below; 9. To the Class M-1 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall; 10. To the Class M-2 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall; 11. To the Class B Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall; 12. To the Class BIO Certificates for concurrent deposit in the LIBOR Carryover Fund and the Net Rate Cap Fund, the sum of the LIBOR Carryover Fund Deposit and the Net Rate Cap Fund Deposit; 13. To the Class A-1A Certificates, the lesser of the LIBOR Carryover and the Available LIBOR Carryover Amount, to be treated as paid from and to the extent of funds on deposit in the LIBOR Carryover Fund; 14. Sequentially, (a) concurrently, to the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, Class A-4F, Class A-5F and Class A-6F Certificates, pro rata, and (b) sequentially, to the, Class M-1, Class M-2 and Class B Certificates, in that order, the related Net Rate Cap Carryover, to be treated as paid from and to the extent of funds on deposit in the Net Rate Cap Fund; 15. To the Class BIO Certificates, the Class BIO Distribution Amount, less amounts distributed pursuant to Section 5.01(a) C. 12 on the Distribution Date; 16. To the Successor Servicer, any Servicing Transfer Costs and other amounts payable to the Successor Servicer pursuant to Sections 3.01(g), 8.01 and 9.05, to the extent not otherwise paid by the Servicer;
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Delta Funding Corp /De/)
Remaining Amounts. 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A. and B. above on such Distribution Date;
2. Sequentially, to the Class M-1, Class M-2 and Class B Certificates, in that order, the related Class Monthly Interest Amounts for such Distribution Date;
3. To the Senior Certificates, (x) the Senior Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein, allocated pursuant to Section 5.01(b) below and (y) the principal portion of any Insured Payments for such Distribution Date, allocated between Certificate Group F and Certificate Group A in proportion to the respective portions of the Senior Principal Distribution Amount to which each such Certificate Group is otherwise entitled and applied, in the case of Certificate Group F, in the order set forth in Section 5.01(b)(A)(i) below;
4. To the Certificate Insurer, any the amount owing to it under the Insurance AgreementAgreement as reimbursement for prior draws on the Certificate Insurance Policies with respect to both Certificate Groups;
5. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
6. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
7. To the Class B Certificates, the Class B Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
8. To the Offered Certificates, the Subordination Increase Amount for such Distribution Date, allocated pursuant to Section 5.01(b) below;
9. To the Class M-1 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
10. To the Class M-2 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
11. To the Class B Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
12. To the Class BIO Certificates for concurrent deposit in the LIBOR Carryover Fund and the Net Rate Cap Fund, the sum of the LIBOR Carryover Fund Deposit and the Net Rate Cap Fund Deposit;
13. To the Class A-1A Certificates, the lesser of the LIBOR Carryover and the Available LIBOR Carryover Amount, to be treated as paid from and to the extent of funds on deposit in the LIBOR Carryover Fund;
14. Sequentially, (a) concurrently, to the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, Class A-4F, Class A-5F A-1F and Class A-6F Certificates, pro rata, A-2F Certificates and (b) sequentially, to the, Class M-1, Class M-2 and Class B Certificates, in that order, the related Net Rate Cap Carryover, to be treated as paid from and to the extent of funds on deposit in the Net Rate Cap Fund;
15. To the Class BIO Certificates, the Class BIO Distribution Amount, less (i) amounts distributed pursuant to Section 5.01(a) C. 12 on the Distribution Date and (ii) deemed distributions of REMIC WAC Excess with respect to the Class BIO Certificates on the Distribution Date, as described in Section 5.08(b);
16. To the Successor Servicer, any Servicing Transfer Costs and other amounts payable to the Successor Servicer pursuant to Sections 3.01(g), 8.01 and 9.05, to the extent not otherwise paid by the Servicer;; and
17. To the Class R-1 Certificateholders, Class R-2 Certificateholders and Class R-3 Certificateholders, the remainder in REMIC I, REMIC II and REMIC III, respectively. On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in a Certificate Group will be distributed on an equal priority within such Certificate Group and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Delta Funding Home Equity Loan Tr 99-3 Home Eq as Bk Se 99-3)
Remaining Amounts. 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A. and B. above on such Distribution Date;
2. Sequentially, to the Class M-1, Class M-2 and Class B Certificates, in that order, the related Class Monthly Interest Amounts for such Distribution Date;
3. To the Senior Certificates, (x) the Senior Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein, allocated pursuant to Section 5.01(b) below and (y) the principal portion of any Insured Payments for such Distribution Date, allocated between Certificate Group F and Certificate Group A in proportion to the respective portions of the Senior Principal Distribution Amount to which each such Certificate Group is otherwise entitled and applied, in the case of Certificate Group F, in the order set forth in Section 5.01(b)(A)(i) below;
4. To the Certificate Insurer, any amount owing to it under the Insurance Agreement;
5. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
65. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
76. To the Class B Certificates, the Class B Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
87. To the Offered Certificates, the Subordination Increase Amount for such Distribution Date, allocated pursuant to Section 5.01(b) below;
98. To the Class M-1 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
109. To the Class M-2 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
1110. To the Class B Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
1211. To the Class BIO Certificates for concurrent deposit in the LIBOR Carryover Fund and the Net Rate Cap Fund, the sum of the LIBOR Carryover Fund Deposit and the Net Rate Cap Fund Deposit;
1312. To the Class A-1A Certificates, the lesser of the LIBOR Carryover and the Available LIBOR Carryover Amount, to be treated as paid from and to the extent of funds on deposit in the LIBOR Carryover Fund;
1413. Sequentially, (a) concurrently, to the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, Class A-4F, Class A-5F and Class A-6F Certificates, pro rata, and (b) sequentially, to the, Class M-1, Class M-2 and Class B Certificates, in that order, the related Net Rate Cap Carryover, to be treated as paid from and to the extent of funds on deposit in the Net Rate Cap Fund;
1514. To the Class BIO Certificates, the Class BIO Distribution Amount, less amounts distributed pursuant to Section 5.01(a) C. 12 on the Distribution Date11;
1615. To the Successor Servicer, any Servicing Transfer Costs and other amounts payable to the Successor Servicer pursuant to Sections 3.01(g), 8.01 ) and 9.05, to the extent not otherwise paid by the Servicer;; and
16. To the Class R-1 Certificateholders, Class R-2 Certificateholders and Class R-3 Certificateholders, the remainder in REMIC I, REMIC II and REMIC III, respectively. On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in a Certificate Group will be distributed on an equal priority within such Certificate Group and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Delta Funding Home Equity Loan Tr 1999-2 Home Equ Loan Ass B)
Remaining Amounts. 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A. and B. above on such Distribution Date;
2. Sequentially, to the Class M-1, Class M-2 and Class B Certificates, in that order, the related Class Monthly Interest Amounts for such Distribution Date;
3. To the Senior Certificates, (x) the Senior Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein, allocated pursuant to Section 5.01(b) below and (y) the principal portion of any Insured Payments for such Distribution Date, allocated between Certificate Group F and Certificate Group A in proportion to the respective portions of the Senior Principal Distribution Amount to which each such Certificate Group is otherwise entitled and applied, in the case of Certificate Group F, in the order set forth in Section 5.01(b)(A)(i) below;
4. To the Certificate Insurer, any amount owing to it under the Insurance Agreement;
5. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
6. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
7. To the Class B Certificates, the Class B Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
8. To the Offered Certificates, the Subordination Increase Amount for such Distribution Date, allocated pursuant to Section 5.01(b) below;
9. To the Class M-1 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
10. To the Class M-2 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
11. To the Class B Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
12. To the Class BIO Certificates for concurrent deposit in the LIBOR Carryover Fund and the Net Rate Cap Fund, the sum of the LIBOR Carryover Fund Deposit and the Net Rate Cap Fund Deposit;
13. To the Class A-1A Certificates, the lesser of the LIBOR Carryover and the Available LIBOR Carryover Amount, to be treated as paid from and to the extent of funds on deposit in the LIBOR Carryover Fund;
14. Sequentially, (a) concurrently, to the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, Class A-4F, Class A-5F and Class A-6F Certificates, pro rata, and (b) sequentially, to the, Class M-1, Class M-2 and Class B Certificates, in that order, the related Net Rate Cap Carryover, to be treated as paid from and to the extent of funds on deposit in the Net Rate Cap Fund;
15. To the Class BIO Certificates, the Class BIO Distribution Amount, less amounts distributed pursuant to Section 5.01(a) C. 12 on the Distribution Date;
16. To the Successor Servicer, any Servicing Transfer Costs and other amounts payable to the Successor Servicer pursuant to Sections 3.01(g), 8.01 and 9.05, to the extent not otherwise paid by the Servicer;; and
17. To the Class R-1 Certificateholders, Class R-2 Certificateholders and Class R-3 Certificateholders, the remainder in REMIC I, REMIC II and REMIC III, respectively. On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in a Certificate Group will be distributed on an equal priority within such Certificate Group and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Delta Fund Hm Equ Ln 2000-2 Hm Equ Ln Ass BKD CRT Ser 2000-2)
Remaining Amounts. 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A. and B. above on such Distribution Date;
2. Sequentially, to To the Class M-1, Class M-2 and Class B Certificates, in that order, the related Class Monthly Interest Amounts Amount for such Distribution Date;
3. To the Senior Certificates, (x) the Senior Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein, allocated pursuant to Section 5.01(b) below and (y) the principal portion of any Insured Payments for such Distribution Date, allocated between Certificate Group F and Certificate Group A in proportion to the respective portions of the Senior Principal Distribution Amount to which each such Certificate Group is otherwise entitled and applied, in the case of Certificate Group F, in the order set forth in Section 5.01(b)(A)(i) below;
4. To the Certificate Insurer, any the amount owing to it under the Insurance AgreementAgreement as reimbursement for prior draws on the Policies with respect to both Certificate Groups;
5. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
6. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
7. To the Class B Certificates, the Class B Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
86. To the Offered Certificates, the Subordination Increase Amount for such Distribution Date, allocated pursuant to Section 5.01(b) below;
9. To the Class M-1 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
10. To the Class M-2 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
117. To the Class B Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Shortfall;
8. To the Class B Certificates, any related Class Principal Carryover Shortfall;
129. To the Class BIO Certificates for concurrent deposit in the LIBOR Carryover Fund and the Net Rate Class B Cap Fund, the sum of the LIBOR Carryover Fund Deposit and the Net Rate Class B Cap Fund Deposit;
1310. To the Class A-1A Certificates, the lesser of the LIBOR Carryover and the Available LIBOR Carryover Amount, to be treated as paid from and to the extent of funds on deposit in the LIBOR Carryover Fund;
1411. Sequentially, (a) concurrently, to To the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, Class A-4F, Class A-5F and Class A-6F Certificates, pro rata, and (b) sequentially, to the, Class M-1, Class M-2 and Class B Certificates, in that order, the related Net Rate Class B Cap Carryover, to be treated as paid from and to the extent of funds on deposit in the Net Rate Class B Cap Fund;
1512. To the Class BIO Certificates, the Class BIO Distribution Amount, less amounts distributed pursuant to Section 5.01(a) C. 12 on the Distribution Date;9; and
1613. To the Successor ServicerResidual Certificates, the remainder. On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in Certificate Group F will be distributed on an equal priority and any Servicing Transfer Costs and other amounts payable shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes PRO RATA based on the Successor Servicer pursuant to Sections 3.01(g), 8.01 and 9.05, to amount that would have been distributed on each such Class in the extent not otherwise paid by the Servicer;absence of such shortfall.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Delta Funding Corp /De/)
Remaining Amounts. 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A. and B. above on such Distribution Date;
2. Sequentially, to the Class M-1, Class M-2 and Class B Certificates, in that order, the related Class Monthly Interest Amounts for such Distribution Date;
3. To the Senior Certificates, (x) the Senior Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein, allocated pursuant to Section 5.01(b) below and (y) the principal portion of any Insured Payments for such Distribution Date, allocated between Certificate Group F and Certificate Group A in proportion to the respective portions of the Senior Principal Distribution Amount to which each such Certificate Group is otherwise entitled and applied, in the case of Certificate Group F, in the order set forth in Section 5.01(b)(A)(i) below;
4. To the Certificate Insurer, any amount owing to it under the Insurance Agreement;
5. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
6. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
7. To the Class B Certificates, the Class B Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
8. To the Offered Certificates, the Subordination Increase Amount for such Distribution Date, allocated pursuant to Section 5.01(b) below;
9. To the Class M-1 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
10. To the Class M-2 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
11. To the Class B Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
12. To the Class BIO Certificates for concurrent deposit in the LIBOR Carryover Fund and the Net Rate Cap Fund, the sum of the LIBOR Carryover Fund Deposit and the Net Rate Cap Fund Deposit;
13. To the Class A-1A Certificates, the lesser of the LIBOR Carryover and the Available LIBOR Carryover Amount, to be treated as paid from and to the extent of funds on deposit in the LIBOR Carryover Fund;
14. Sequentially, (a) concurrently, to the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, Class A-4F, Class A-5F and Class A-6F Certificates, pro rata, and (b) sequentially, to the, Class M-1, Class M-2 and Class B Certificates, in that order, the related Net Rate Cap Carryover, to be treated as paid from and to the extent of funds on deposit in the Net Rate Cap Fund;
15. To the Class BIO Certificates, the Class BIO Distribution Amount, less amounts distributed pursuant to Section 5.01(a) C. 12 on the Distribution Date;
16. To the Successor Servicer, any Servicing Transfer Costs and other amounts payable to the Successor Servicer pursuant to Sections 3.01(g), 8.01 and 9.05, to the extent not otherwise paid by the Servicer;
17. On the Class P Distribution Date or any Distribution Date thereafter to the Class P Certificates, until the Class Principal Balance thereof has been reduced to zero; and
18. To the Class R-1 Certificateholders, Class R-2 Certificateholders and Class R-3 Certificateholders, the remainder in REMIC I, REMIC II and REMIC III, respectively. On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in a Certificate Group will be distributed on an equal priority within such Certificate Group and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes pro rata based on the amount that would have been distributed on each such Class in the absence of such shortfall.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Delta Funding Corp /De/)
Remaining Amounts. 1. Concurrently, to the Senior Certificates in both Certificate Groups, the related Class Interest Distribution to the extent not paid pursuant to clauses A. and B. above on such Distribution Date;
2. Sequentially, to To the Class M-1, Class M-2 and Class B Certificates, in that order, the related Class Monthly Interest Amounts Amount for such Distribution Date;
3. To the Senior Certificates, (x) the Senior Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein, allocated pursuant to Section 5.01(b) below and (y) the principal portion of any Insured Payments for such Distribution Date, allocated between Certificate Group F and Certificate Group A in proportion to the respective portions of the Senior Principal Distribution Amount to which each such Certificate Group is otherwise entitled and applied, in the case of Certificate Group F, in the order set forth in Section 5.01(b)(A)(i) below;
4. To the Certificate Insurer, any the amount owing to it under the Insurance AgreementAgreement as reimbursement for prior draws on the Policies with respect to both Certificate Groups;
5. To the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
6. To the Class M-2 Certificates, the Class M-2 Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
7. To the Class B Certificates, the Class B Principal Distribution Amount for such Distribution Date, excluding any Subordination Increase Amount included therein;
86. To the Offered Certificates, the Subordination Increase Amount for such Distribution Date, allocated pursuant to Section 5.01(b) below;
9. To the Class M-1 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
10. To the Class M-2 Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Class Principal Carryover Shortfall;
117. To the Class B Certificates, any related (a) Class Interest Carryover Shortfall and then (b) Shortfall;
8. To the Class B Certificates, any related Class Principal Carryover Shortfall;
129. To the Class BIO Certificates for concurrent deposit in the LIBOR Carryover Fund and the Net Rate Class B Cap Fund, the sum of the LIBOR Carryover Fund Deposit and the Net Rate Class B Cap Fund Deposit;
1310. To the Class A-1A Certificates, the lesser of the LIBOR Carryover and the Available LIBOR Carryover Amount, to be treated as paid from and to the extent of funds on deposit in the LIBOR Carryover Fund;
1411. Sequentially, (a) concurrently, to To the Class ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, ▇▇▇▇▇ ▇-▇▇, Class A-4F, Class A-5F and Class A-6F Certificates, pro rata, and (b) sequentially, to the, Class M-1, Class M-2 and Class B Certificates, in that order, the related Net Rate Class B Cap Carryover, to be treated as paid from and to the extent of funds on deposit in the Net Rate Class B Cap Fund;
1512. To the Class BIO Certificates, the Class BIO Distribution Amount, less amounts distributed pursuant to Section 5.01(a) C. 12 on the Distribution Date9;
1613. To the Successor ServicerTrustee, any Servicing Transfer Costs and other amounts payable to the Successor Servicer Trustee pursuant to Sections 3.01(g), 8.01 ) and 9.05, to the extent not otherwise paid by the Servicer;; and
14. To the Class R-1 Certificateholders, Class R-2 Certificateholders and Class R-3 Certificateholders, the remainder in REMIC I, REMIC II and REMIC III, respectively. On each Distribution Date, the Class Interest Distribution for each Class of Senior Certificates in a Certificate Group will be distributed on an equal priority within such Certificate Group and any shortfall in the amount required to be distributed as interest thereon to each such Class will be allocated between such Classes PRO RATA based on the amount that would have been distributed on each such Class in the absence of such shortfall.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Delta Funding Corp /De/)