Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(c) Purchase Event or a Trust Fund Termination Event, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account, the Available Distribution Amount (other than the Class P Distributable Amount) with respect to each Collateral Group, and shall distribute such amount as specified in this subparagraph (a) through subparagraph (g) of this Section to the Holders of record of each Class of Certificates, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Lehman Mortgage Trust 2005-1), Trust Agreement (Lehman Mortgage Trust 2005-1)
Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(c) Purchase Event or a Trust Fund Termination Event, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account, the Available Distribution Amount (other than the Class P Distributable Amount) with respect to each Collateral GroupMortgage Pool, and shall distribute such amount as specified in this subparagraph (a) through subparagraph (gj) of this Section to the Holders of record of each Class of CertificatesCertificates or Components and to the Certificate Insurer, in the following order of priority:
Appears in 1 contract
Distributions from the Certificate Account. (a) On each Distribution Date on or prior to a Section 7.01(c) Purchase Event or a Trust Fund Termination Event, the Trustee (or the Paying Agent on behalf of the Trustee) shall withdraw from the Certificate Account, the Available Distribution Amount (other than the Class P Distributable Amount) with respect to each Collateral GroupMortgage Pool, and shall distribute such amount as specified in this subparagraph (a) through subparagraph (gk) of this Section to the Holders of record of each Class of CertificatesCertificates or Components, in the following order of priority:
Appears in 1 contract
