Priority of Distributions. Available funds from the Mortgage Loans (which are net of any servicing, master servicing, trustee fees and private mortgage insurance premium fees) will be distributed in the following order of priority:
Priority of Distributions. The meaning specified in Section 11.1(a).
Priority of Distributions. Available Funds will be distributed in the following order of priority, in each case, to the extent of funds remaining:
Examples of Priority of Distributions in a sentence
Accrued and unpaid Base Management Fees shall be deferred without interest, regardless of whether such amounts were unpaid due to the operation of the Priority of Distributions or otherwise.
Statement of Priority of Distributions Prior to an Event of Default or the Cumulative Net Loss Trigger is Exceeded 1 Unreimbursed Servicer Advances; 2 Servicing Fee; 3 a.
Aggregate Class B Early Distribution Amount: As of any Distribution Date, the aggregate sum of all amounts paid to the Class B-1, Class B-2 and Class B-3 Certificates on prior Distribution Dates from Excess Cashflow pursuant to clauses 5), 6) and 7) of "Priority of Distributions".
If a Coverage Test is not met on any Determination Date on which such Coverage Test is applicable, the Issuer shall apply available amounts in the Payment Account on the related Distribution Date to make payments as required pursuant to the Priority of Distributions to achieve compliance with such Coverage Test.
If there are insufficient funds to pay the Base Management Fee or distribute amounts in respect of the Subordinated Interest in full on any Distribution Date when due, then amounts unpaid will be deferred and will be payable or distributable on subsequent Distribution Dates in accordance with the Priority of Distributions.
More Definitions of Priority of Distributions
Priority of Distributions. Available funds from the Mortgage Loans will be distributed first to pay servicing fees and trustee fees, second, to the Swap Account, net swap payments and swap termination payments (other than any swap termination payment resulting from a swap provider trigger event) owed to the Swap Provider and the remainder will be distributed as follows:
Priority of Distributions. On each Payment Date, amounts available for distribution will be allocated in the following order of priority:
Priority of Distributions. Available funds from the Mortgage Loans (which are net of any servicing, master servicing, trustee fees and private mortgage insurance premium fees) will be distributed in the following order of priority: 1) Interest funds sequentially to (i) concurrently, to the Senior Certificates and (ii) sequentially to the Class M-1, Class M-2 and Class M-3 Certificates; 2) Principal funds, as follows: (i) to the Senior Certificates (in the manner and priority set forth under "Senior Certificates Principal Distribution" below), then (ii) sequentially, to the Class M-1, Class M-2 and Class M-3 Certificates, each as described more fully under "Principal Paydown" below; 3) Beginning on the Distribution Date in December 2004, any remaining Excess Cashflow, to the Senior Certificates and/or Mezzanine Certificates (as applicable) to build or maintain Overcollateralization as described under "Overcollateralization Target" and "Principal Paydown," respectively; 4) Any remaining Excess Cashflow to pay (i) any unpaid interest sequentially, to the Class M-1, Class M-2 and Class M-3 Certificates, then (ii) any unpaid realized loss amounts sequentially, to the Class M-1, Class M-2 and Class M-3 Certificates; 5) Any remaining Excess Cashflow to pay Basis Risk Shortfalls. 6) To the Class C Certificates, any remaining amount. -------------------------------------------------------------------------------- The information herein has been provided solely by UBS Securities LLC. Neither the issuer of certificates nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information herein is preliminary, and will be superseded by the applicable prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information contained herein will be superseded by the description of the mortgage loans contained and/or incorporated by reference in the Prospectus Supplement relating to the Certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by UBS Securities LLC. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- MASTR Alternative Loan Trust SERIES 2004-9 -------------------------------------------------------------------------------- -------------------------------------------------------------...
Priority of Distributions. On each Distribution Date, amounts available for distribution will be allocated in the following order of priority:
Priority of Distributions. INTEREST DISTRIBUTIONS
Priority of Distributions. No Limited Partner shall have any priority to distributions over any other Limited Partner. The fees and reimbursements owed to the General Partner and its affiliates will be paid before distributions are made to Partners.
Priority of Distributions. Available funds will be distributed in the following order of priority: Interest: Concurrently, to pay interest on the Class 9A1 Certificates Concurrently, to pay unpaid interest shortfalls on the Class 9A1 Certificates To pay interest to the Class 9M1 To pay unpaid interest shortfalls to the Class 9M1 To pay interest to the Class 9M2 To pay unpaid interest shortfalls to the Class 9M2 To pay interest to the Class To pay unpaid interest shortfalls to the Class Principal: Generally, on each distribution date prior to the Stepdown Date or on which a Trigger Event has occurred, the principal payment amount will be paid in the following order of priority: To the Class 9A1 to zero To the Class 9M1 to zero To the Class 9M2 to zero To the Class to zero Generally, on each distribution date on or after the Stepdown Date and on which a Trigger Event has not occurred, the principal payment amount will be paid in the following order of priority: To the Class 9A1 to zero from the remaining 9A1 principal payment amount To the Class 9M1 to zero the Class 9M1 principal payment amount To the Class 9M2 to zero the Class 9M2 principal payment amount To the Class to zero the Class principal payment amount -------------------------------------------------------------------------------- The information herein has been provided solely by UBS Securities LLC. Neither the issuer of certificates nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information herein is preliminary, and will be superseded by the applicable prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information contained herein will be superseded by the description of the mortgage loans contained and/or incorporated by reference in the Prospectus Supplement relating to the Certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by UBS Securities LLC. -------------------------------------------------------------------------------- ================================================ MASTR Adjustable Rate Mortgage Trust SERIES 2003-6 ================================================ -------------------------------------------------------------------------------- THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT --------------------...