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, a Pool 1 Termination Event or a Pool 2 Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account (i) the sum of the Interest Remittance Amount for Pool 1 and the Principal Remittance Amount for Pool 1 and amounts that are available for payment to the Swap Counterparty and shall allocate such amount to the interests issued in respect of each REMIC and shall distribute such amount as specified in subparagraphs (b), (d), (f), (h) and (i) of this Section; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date, and (ii) the sum of the Interest Remittance Amount for Pool 2 and the Principal Remittance Amount for Pool 2 and shall allocate such amount to the interests issued in respect of each REMIC and shall distribute such amount as specified in subparagraphs (c), (e), (g) and (i) of this Section. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in subparagraphs (b) other than clause (i) thereof, (c), (d) other than clause (i) and (ii)(A) thereof, (e), (f) and (g) of 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, a Pool 1 Termination Event or a Pool 2 Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account (i) the sum of the Interest Remittance Amount for Pool 1 and the Principal Remittance Amount for Pool 1 and amounts that are available for payment to the Group 1 Swap Counterparty and shall allocate such amount amounts to the interests issued in respect of each REMIC and shall distribute such amount amounts as specified in subparagraphs (b), (d), (fh), (hi) and (ij) of this Section; provided, that amounts that are available for payment to the Group 1 Swap Counterparty shall be paid on the related Swap Payment Date, and (ii) the sum of the Interest Remittance Amount for Pool 2 and the Principal Remittance Amount for Pool 2 and shall allocate such amount amounts to the interests issued in respect of each REMIC and shall distribute such amount amounts as specified in subparagraphs (c), (e), (g) and (ik) of this Section. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in subparagraphs (b) other than clause (i) thereof, (c), (d) other than clause (i) and (ii)(A) thereof, (e), (f) and (g) of 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, a Pool 1 Termination Event or a Pool 2 Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account (i) the sum of the Interest Remittance Amount for Pool 1 and the Principal Remittance Amount for Pool 1 and amounts that are available for payment to the Swap Counterparty and shall allocate such amount amounts to the interests issued in respect of each REMIC and shall distribute such amount amounts as specified in subparagraphs (b), (d), (fh), (hi) and (ij) of this Section; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date, and (ii) the sum of the Interest Remittance Amount for Pool 2 and the Principal Remittance Amount for Pool 2 and shall allocate such amount amounts to the interests issued in respect of each REMIC and shall distribute such amount amounts as specified in subparagraphs (c), (e), (g) and (ik) of this Section. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in subparagraphs (b) other than clause (i) thereof, (c), (d) other than clause (i) and (ii)(A) thereof, (e), (f) and (g) of 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, a Pool 1 Termination Event or a Pool 2 Termination Event, as applicable, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account (i) the sum of the Interest Remittance Amount for Pool 1 and the Principal Remittance Amount for Pool 1 and amounts that are available for payment to the Swap Counterparty and shall allocate such amount amounts to the interests issued in respect of each REMIC and shall distribute such amount amounts as specified in subparagraphs (b), (d), (f), (h) and (i) of this Section; provided, that amounts that are available for payment to the Swap Counterparty shall be paid on the related Swap Payment Date, and (ii) the sum of the Interest Remittance Amount for Pool 2 and the Principal Remittance Amount for Pool 2 and shall allocate such amount amounts to the interests issued in respect of each REMIC and shall distribute such amount amounts as specified in subparagraphs (c), (e), (g) and (i) of this Section. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in subparagraphs (b) other than clause (i) thereof, (c), (d) other than clause (i) and (ii)(A) thereof, (e), (f) and (g) of this Section shall be made concurrently.