Common use of Distribution Deficiency Clause in Contracts

Distribution Deficiency. Any funds deposited into the Policy Payments Account in respect of the Class A-12 Certificates that are remaining therein on the first Business Day following a Distribution Date after the Class A-12 Distribution Deficiency has been made to the Certificateholders of such Class shall be remitted in immediately available funds to Financial Security, pursuant to the instructions of Financial Security, by the end of such Business Day.

Appears in 2 contracts

Samples: Custodial Agreement (Norwest Asset Securities Corp Mor Pas THR Cert Sers 1999-18), Pooling and Servicing Agreement (Norwest Asset Securities Corp Mor Pas THR Cert Sers 1999-18)

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Distribution Deficiency. Any funds deposited into the Policy Payments Account in respect of the Class A-12 A-4 Certificates that are remaining therein on the first Business Day following a Distribution Date after the Class A-12 A-4 Distribution Deficiency has been made to the Certificateholders of such Class shall be remitted in immediately available funds to Financial Security, pursuant to the instructions of Financial Security, by the end of such Business Day.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Norwest Asset Sec Corp Mort Pass THR Cert Ser 1999-7)

Distribution Deficiency. Any funds deposited into the Policy Payments Account in respect of the Class A-12 A-8 Certificates that are remaining therein on the first Business Day following a Distribution Date after the Class A-12 A-8 Distribution Deficiency has been made to the Certificateholders of such Class Subclass shall be remitted in immediately available funds to Financial Security, pursuant to the instructions of Financial Security, by the end of such Business Day.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Norwest Asset Secs Corp Mort Pas THR Cert Ser 1997-04 Tr)

Distribution Deficiency. Any funds deposited into the Policy Payments Account in respect of the Class A-12 A-11 Certificates that are remaining therein on the first Business Day following a Distribution Date after the Class A-12 A-11 Distribution Deficiency has been made to the Certificateholders of such Class shall be remitted in immediately available funds to Financial Security, pursuant to the instructions of Financial Security, by the end of such Business Day.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Norwest Asset Sec Corp Mort Pass THR Cert Ser 1999 2 Trust)

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Distribution Deficiency. Any funds deposited into the Policy Payments Account in respect of the Class A-12 A-10 Certificates that are remaining therein on the first Business Day following a Distribution Date after the Class A-12 A-10 Distribution Deficiency has been made to the Certificateholders of such Class Subclass shall be remitted in immediately available funds to Financial Security, pursuant to the instructions of Financial Security, by the end of such Business Day.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Norwest Ass Sec Corp Mort Pas THR Cert Ser 1997-02 Trust)

Distribution Deficiency. Any funds deposited into the Policy Payments Account in respect of the Class A-12 A-2 Certificates that are remaining therein on the first Business Day following a Distribution Date after the Class A-12 A-2 Distribution Deficiency has been made to the Certificateholders of such Class Subclass shall be remitted in immediately available funds to Financial Security, pursuant to the instructions of Financial Security, by the end of such Business Day.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Norwest Asset Securities Corp Mor Pas Th Cert Ser 1997-11 Tr)

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