Common use of Distributions from the Certificate Account Clause in Contracts

Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(d) Purchase Event or a Trust Fund Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount and amounts that are available for payment to the Swap Counterparty and shall allocate such amounts to the interests issued in respect of each REMIC and shall distribute such amounts as specified in subparagraphs (b) through (i) of this Section 5.02; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date.

Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(d) Purchase Event or a Trust Fund Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount and amounts that are available for payment to the Swap Counterparty and shall allocate such amounts amount to the interests issued in respect of each REMIC and shall distribute such amounts amount as specified in subparagraphs (b) through (i) of this Section 5.02; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in this Section shall be made concurrently.

Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(d) Purchase Event or a Trust Fund Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount and amounts that are available for payment to the Swap Counterparty and shall allocate such amounts to the interests issued in respect of each REMIC and shall distribute such amounts as specified in subparagraphs (b) through (i) of this Section 5.02; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date. All allocations and distributions made between and with respect to Pool 1, Pool 2 and Pool 3 in this Section shall be made concurrently.

Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(d) Purchase Event or a Trust Fund Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount and amounts that are available for payment to the Swap Counterparty and shall allocate such amounts amount to the interests issued in respect of each REMIC and shall distribute such amounts amount as specified in subparagraphs (b) through (i) of this Section 5.02; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date.

Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(d) Purchase Event or a Trust Fund Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account the Total Distribution Amount and amounts that are available for payment to the Swap Counterparty and shall allocate such amounts to the interests issued in respect of each REMIC and shall distribute such amounts as specified in subparagraphs (b) through (i) of this Section 5.02; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in this Section shall be made concurrently.