Common use of Distributions on the Certificates Clause in Contracts

Distributions on the Certificates. (a)On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: First, Interest Funds will be distributed, in the following manner and order of priority:

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns BSALTA 2005-1), Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 10), Pooling and Servicing Agreement (Bear Stearns BSALTA 2004-13)

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Distributions on the Certificates. (a)On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: First, Interest Funds will be distributed, in the following manner and order of priority:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1), Pooling and Servicing Agreement (GreenPoint Mortgage Funding Trust 2005-Ar1)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Available Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator Remittance Report for such Distribution Date, in the following order of priority: First, Interest Funds will be distributed, in the following manner and order of priorityas follows:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2003 5), Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2004-4)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: FirstFIRST, Interest Funds will be distributedto pay any accrued and unpaid interest on the Certificates, in the following manner and order of priority:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Struct Ass Mort Inv Inc Bs Alta Mort Pas THR Cer Ser 2003 1), Pooling and Servicing Agreement (Struct Ass Mort Inv Inc Bs Alta Mort Pas THR Cer Ser 2003 1)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: First, from Interest Funds will be distributedFunds, to pay any accrued and unpaid interest on the Offered Certificates and the Class B-5 Certificates in the following manner and order of priority:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2006-Ar4), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar2)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date and each Loan Group shall be withdrawn by the Trustee Securities Administrator from the Distribution Account and the Pre-Funding Account (only with respect to the Group I Mortgage Loans) to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: First, Interest Funds will be distributed, in the following manner and order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2007-3)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account and the Pre-Funding Account, in each case to the extent of funds on deposit therein therein, and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: First, from Interest Funds will be distributedto pay any accrued and unpaid interest on the Class A, Class B and Class X Certificates in the following manner and order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments II Trust 2007-Ar4)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: First, Interest Funds will be distributedto pay any accrued and unpaid interest on the Certificates, in the following manner and order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

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Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds Available Distribution Amount for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account Securities Administrator to the extent of funds on deposit therein in the Distribution Account and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator Remittance Report for such Distribution Date, in the following order of priority: First, Interest Funds will be distributed, in the following manner and order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2007-2)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Available Funds for such Distribution Date shall be withdrawn by the Trustee Securities Administrator from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator Remittance Report for such Distribution Date, in the following order of priority: First, Interest Funds will be distributed, in the following manner and order of priorityas follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Thornburg Mortgage Securities Trust 2005-4)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator Remittance Report for such Distribution Date, in the following order of priority: FirstFIRST, Interest Funds will be distributedto pay any accrued and unpaid interest on the Certificates, in the following manner and order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Mort Pass THR Cert Ser 2002-2)

Distributions on the Certificates. (a)On a) On each Distribution Date, an amount equal to the Interest Funds and Principal Funds for such Distribution Date shall be withdrawn by the Trustee from the Distribution Account to the extent of funds on deposit therein and distributed as directed in accordance with distribution instructions provided to it by the Securities Administrator for such Distribution Date, in the following order of priority: FirstFirst , Interest Funds will be distributedto pay any accrued and unpaid interest on the Certificates, in the following manner and order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)

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