Common use of Distributions on the Certificates Clause in Contracts

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006, the Class R-1 Deposit will be distributed to the Holders of the Class R-I Certificates, the Class R-2 Deposit will be distributed to the Holders of the Class R-II Certificates and the Class R-3 Deposit will be distributed to the Holders of the Class R-III Certificates. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2), Pooling and Servicing Agreement (Bear Stearns ARM Trust 2006-2)

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Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006September 2007, in an amount equal to the related Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006September 2007, the Class R-1 R-I Deposit will be distributed to the Holders of the Class R-I Certificates, the Class R-2 R-II Deposit will be distributed to the Holders of the Class R-II Certificates and the Class R-3 R-III Deposit will be distributed to the Holders of the Class R-III Certificates. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Custodial Agreement (Bear Stearns ARM Trust 2007-5)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006March 2004, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006March 2004, the Class R-1 R-I Deposit will be distributed to the Holders Holder of the Class R-I CertificatesCertificate, the Class R-2 R-II Deposit will be distributed to the Holders Holder of the Class R-II Certificates and Certificate, the Class R-3 R-III Deposit will be distributed to the Holders Holder of the Class R-III CertificatesCertificate and the Class R-IV Deposit will be distributed to the Holder of the Class R-IV Certificate. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Arm Tr 2004 1)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006April 2004, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006April 2004, the Class R-1 R-I Deposit will be distributed to the Holders Holder of the Class R-I CertificatesCertificate, the Class R-2 R-II Deposit will be distributed to the Holders Holder of the Class R-II Certificates and Certificate, the Class R-3 R-III Deposit will be distributed to the Holders Holder of the Class R-III CertificatesCertificate and the Class R-IV Deposit will be distributed to the Holder of the Class R-IV Certificate. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Arm Tr 2004 2)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June October 2006, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June October 2006, the Class R-1 Deposit will be distributed to the Holders of the Class R-I Certificates, the Class R-2 Deposit will be distributed to the Holders of the Class R-II Certificates and the Class R-3 Deposit will be distributed to the Holders of the Class R-III Certificates. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Custodial Agreement (Bear Stearns ARM Trust 2006-4)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006September 2004, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006September 2004, the Class R-1 R-I Deposit will be distributed to the Holders Holder of the Class R-I CertificatesCertificate, the Class R-2 R-II Deposit will be distributed to the Holders Holder of the Class R-II Certificates Certificate and the Class R-3 R-III Deposit will be distributed to the Holders Holder of the Class R-III CertificatesCertificate. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust, Mortgage Pass-Through Certificates, Series 2004-7)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006March 2007, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006March 2007, the Class R-1 R-I Deposit will be distributed to the Holders of the Class R-I Certificates, the Class R-2 R-II Deposit will be distributed to the Holders of the Class R-II Certificates and the Class R-3 R-III Deposit will be distributed to the Holders of the Class R-III Certificates. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-1)

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Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 20062007, in an amount equal to the related Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 20062007, the Class R-1 R-I Deposit will be distributed to the Holders of the Class R-I Certificates, the Class R-2 R-II Deposit will be distributed to the Holders of the Class R-II Certificates and Certificates, the Class R-3 R-III Deposit will be distributed to the Holders of the Class R-III Certificates and the Class R-IV Deposit will be distributed to the Holders of the Class R-IV Certificates. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Custodial Agreement (Bear Stearns ARM Trust 2007-4)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006July 2004, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006July 2004, the Class R-1 R-I Deposit will be distributed to the Holders Holder of the Class R-I CertificatesCertificate, the Class R-2 R-II Deposit will be distributed to the Holders Holder of the Class R-II Certificates and Certificate, the Class R-3 R-III Deposit will be distributed to the Holders Holder of the Class R-III Certificates. On each Distribution Date, Certificate and the Available Funds on deposit in Holder of the Distribution Account shall Class X-1 Certificate will be distributed as follows:entitled to receive an additional distribution of $110,334.72.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust, Mortgage Pass-Through Certificates, Series 2004-4)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June January 2006, in an amount equal to the related Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June January 2006, the Class R-1 Deposit will be distributed to the Holders of the Class R-I Certificates, the Class R-2 Deposit will be distributed to the Holders of the Class R-II Certificates and the Class R-3 Deposit will be distributed to the Holders of the Class R-III Certificates. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

Samples: Servicing Agreement (Bear Stearns Arm Trust 2005-12)

Distributions on the Certificates. (a) Interest and principal (as applicable) on the Certificates (other than the Residual Certificates) will be distributed monthly on each Distribution Date, commencing in June 2006May 2007, in an amount equal to the Available Funds on deposit in the Distribution Account for such Distribution Date. In addition, on the Distribution Date occurring in June 2006May 2007, the Class R-1 R-I Deposit will be distributed to the Holders of the Class R-I Certificates, the Class R-2 R-II Deposit will be distributed to the Holders of the Class R-II Certificates and the Class R-3 R-III Deposit will be distributed to the Holders of the Class R-III Certificates. On each Distribution Date, the Available Funds on deposit in the Distribution Account shall be distributed as follows:

Appears in 1 contract

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

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