Common use of Distribution of Principal Collections Clause in Contracts

Distribution of Principal Collections. Subject to Section 11.02(b) and except on the Distribution Date in __________ 20___, on each Distribution Date, the Trustee shall distribute out of the Collection Account to the Investor Certificateholders the Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii) up to the Scheduled Principal Collections Distribution Amount but not in excess of the Investor Certificate Principal Balance. On the Distribution Date in ____________ 20___, the Trustee shall distribute to Investor Certificateholders Principal Collections up to the Investor Certificate Principal Balance.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Cwabs Inc), Pooling and Servicing Agreement (Cwabs Inc)

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Distribution of Principal Collections. Subject to Section 11.02(b) and except on the Distribution Date in _______ ____ 20___, on each Distribution Date, the Trustee shall distribute out of the Collection Account to the Investor Certificateholders the Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii) up to the Scheduled Principal Collections Distribution Amount but not in excess of the Investor Certificate Principal Balance. On the Distribution Date in ________ _____ 20___, the Trustee shall distribute to Investor Certificateholders Principal Collections up to the Investor Certificate Principal Balance.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Abs Inc)

Distribution of Principal Collections. Subject to Section 11.02(b) and except on the Distribution Date in __________ 20___, on each Distribution Date, the Trustee shall distribute out of the Collection Account to the Investor Certificateholders the Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii) up to the Scheduled Principal Collections Distribution Amount but not in excess of the Investor Certificate Principal Balance. On the Distribution Date in ____________ 20___, the Trustee shall distribute to Investor Certificateholders Principal Collections up to the Investor Certificate Principal Balance.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc One Abs Corp)

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Distribution of Principal Collections. Subject to Section 11.02(b) ------------------------------------- and except on the Distribution Date in __________ 20___January 2028, on each Distribution Date, the Trustee shall distribute out of the Collection Account to the Investor Certificateholders the Principal Collections (including amounts transferred thereto from the Spread Account pursuant to Section 4.03(b) in respect of the amount determined pursuant to Section 4.03(b)(ii)) up to the Scheduled Principal Collections Distribution Amount but not in excess of the Investor Certificate Principal Balance. On the Distribution Date in ____________ 20___January 2028, the Trustee shall distribute to Investor Certificateholders Principal Collections up to the Investor Certificate Principal Balance.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwabs Inc)

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