Application of Funds in Certificate Distribution Account. (a) On each Remittance Date, the Paying Agent will, based on the information contained in the Servicer's Certificate delivered on the related Determination Date pursuant to Section 7.07 of the Sale and Servicing Agreement, distribute to Certificateholders, pro rata, based on Ownership Percentage, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Section 7.05 of the Sale and Servicing Agreement on such Remittance Date.
Appears in 4 contracts
Samples: Trust Agreement (Money Store Home Equity Corp), Money Store Home Equity Corp, Money Store Home Equity Corp
