Common use of Accrual Amount Clause in Contracts

Accrual Amount. On each Distribution Date, the Accrual Amount, if any, shall be distributed, sequentially, as principal of the Class 7-A, Class 7-B and Class 7-C Certificates, in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero, and thereafter as principal of the Class 7-Z Certificates. On each Distribution Date, the Cash Flow Distribution Amount shall be applied, sequentially, to the distribution of principal of the Class 7-A, Class 7-B, Class 7-C and Class 7-Z Certificates, in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero.

Appears in 1 contract

Sources: Trust Agreement

Accrual Amount. On each Distribution Date, the Accrual Amount, if any, shall be distributed, sequentially, as principal of the Class 72-A, Class 72-B B, Class 2-C and Class 72-C D Certificates, in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero, and thereafter as principal of the Class 72-Z Certificates. On each Distribution Date, the Cash Flow Distribution Amount shall be applied, sequentially, to the distribution of principal of the Class 72-A, Class 72-B, Class 72-C C, Class 2-D and Class 72-Z Certificates, in that order, until the respective Class Certificate Principal Balances thereof are reduced to zero.

Appears in 1 contract

Sources: Trust Agreement