Common use of Distributions on REMIC Certificates; Xxxxxx Xxx Guaranty Clause in Contracts

Distributions on REMIC Certificates; Xxxxxx Xxx Guaranty. On each Distribution Date, the Trustee shall withdraw from the Certificate Account the Certificate Distribution Amount and shall make the distributions to the Holders of each Class of REMIC Certificates in the respective amounts and in the applicable manner determined pursuant to Section 3.02. Xxxxxx Mae, in its corporate capacity, guarantees to the Trust Fund that, in the event that the amount on deposit in the Certificate Account shall be less than the Certificate Distribution Amount for such Distribution Date, it shall provide from its own funds the amount of any insufficiency and shall deposit such funds into the Certificate Account for distribution by the Trustee pursuant to this Section 3.05. In addition, Xxxxxx Xxx, in its corporate capacity, guarantees to the Trust Fund that, in the event that on any Distribution Date that is a Final Distribution Date for a Class of REMIC Certificates (other than an Interest Only Class) the applicable portion of the Certificate Account will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, it shall apply from its own funds the amount of any such insufficiency and shall deposit such funds into the Certificate Account for distribution by the Trustee of the Trust Fund pursuant to this Section 3.05. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.