Common use of Distributions to Holders of REMIC Clause in Contracts

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual Interest. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts for their benefit into the Distribution Account and (ii) from the Distribution Account shall distribute to the Class R Certificateholders, in accordance with the written statement received from the Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount for the account of each Class R Certificateholder, or by any other means of payment acceptable to each Class R Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He5), Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He1), Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He2)

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Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R R-1 Certificateholders, in accordance with the written statement received from the Master Servicer pursuant to Section 4.02(b), the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Holders of the Class R-1 Residual Interest Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed , by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each Class R R-1 Certificateholder, or by any other means of payment acceptable to each Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pass Thru Cert Ser 2001-4), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Cert Series 2001-5), Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pas THR Ser 2001-6)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass THR Cert Ser 1999-11), Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass THR Cert Ser 1999-10)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thru Cert Ser 2000 4), Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I Regular Interests and --------------------------------------------------------- Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee ---------------------------- (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account (a) the Rounding Amount to the Holders of the Class I-A-14-L Regular Interests and (b) the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account (a) the sum of the Class I-A-3, Class I-A-8, Class I-A-9, Class I-A-10, Class I-A-11, Class I-A-15 and Class I-A-25 Rounding Amounts to the Class U Regular Interests, (b) the sum of the Class IV-A-6 and Class IV-A-7 Rounding Amounts to the Class Z-2 Regular Interests and (c) the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestII REGULAR INTERESTS ------------ ------------------------------------------------------ AND CLASS R-2 CERTIFICATEHOLDERS. On each Distribution Date, the Trustee -------------------------------- (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I II Distribution Amount to the Holders of the REMIC I II Regular Interests, Interests and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-2 Certificateholders the amounts to be distributed to the Class R-2 Certificateholders pursuant to the definition of "REMIC II Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each Class R Certificateholdersuch Holder, or by any other means of payment acceptable to each Class R Certificateholder such Holder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder Holder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 4.04 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.II.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, Interests and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holders and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.I. Section 4.02.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thro Cert Ser 1999-5)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR- 1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, Interests and to have deposited such amounts for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp 1999-3)

Distributions to Holders of REMIC. I II Regular Interests and Class R-1 Residual InterestR-2 Certificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account (a) the REMIC I II Distribution Amount to the Holders of the REMIC I II Regular Interests and (b) the applicable Rounding Amount or Amounts, if any, to the Class II-A-7-L and Class II-A-8-L Regular Interests, and to have deposited such amounts for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-2 Certificateholders the amounts to be distributed to the Class R-2 Certificateholders pursuant to the definition of "REMIC II Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-2 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-2 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder Holder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 4.04 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.II.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thru Cert Ser 2000 4)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, Interests and to have deposited such amounts for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.I. Section 4.02.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass Thro Cert Ser 1999-4)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R R-1 Certificateholders, in accordance with the written statement received from the Master Servicer pursuant to Section 4.02(b), the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Holders of the Class R-1 Residual Interest Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed , by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each Class R R-1 Certificateholder, or by any other means of payment acceptable to each Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Sec Corp Mort Pass THR Cert Ser 2001-2)

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Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such 104 Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp Mort Pass THR Cert Ser 1999-12)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or 105 any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2001-1)

Distributions to Holders of REMIC. I Regular Interests and Class REGULAR INTERESTS ------------ ----------------------------------------------------- AND CLASS R-1 Residual InterestCERTIFICATEHOLDERS. On each Distribution Date, the Trustee (or -------------------------------- Trustee(or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, Interests and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holders and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I II Regular -------------------------------------------- Interests and Class R-1 Residual InterestR-2 Certificateholders. On each Distribution ------------------------------------------ Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I II Distribution Amount to the Holders of the REMIC I II Regular Interests, Interests and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-2 Certificateholders the amounts to be distributed to the Class R-2 Certificateholders pursuant to the definition of "REMIC II Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holders and the Class R R-2 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-2 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 4.04 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.II.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual Interest. Interest On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts for their benefit into the Distribution Account and (ii) from the Distribution Account shall distribute to the Class R Certificateholders, in accordance with the written statement received from the Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount for the account of each Class R Certificateholder, or by any other means of payment acceptable to each Class R Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He2)

Distributions to Holders of REMIC. I II Regular Interests and Class R-1 Residual InterestR-2 Certificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account (a) the REMIC I II Distribution Amount to the Holders of the REMIC I II Regular InterestsInterests and (b) the Rounding Amount to the holders of the Class IV-A-4-L Regular Interest, and to have deposited such amounts for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-2 Certificateholders the amounts to be distributed to the Class R-2 Certificateholders pursuant to the definition of "REMIC II Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-2 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-2 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder Holder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 4.04 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.II.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp 1999-3)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, Interests and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R R-1 Certificateholders, in accordance with the written statement received from the 119 Master Servicer pursuant to Section 4.02(b), the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Holders of the Class R-1 Residual Interest Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed , by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each Class R R-1 Certificateholder, or by any other means of payment acceptable to each Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pass Thru Cert Ser 2001-8)

Distributions to Holders of REMIC. I II Regular Interests and Class R-1 Residual InterestR-2 Certificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I II Distribution Amount to the Holders of the REMIC I II Regular Interests, and to have deposited such amounts amount for their benefit into the Distribution Account Certificate Account, and (ii) shall distribute from the Distribution Certificate Account shall distribute to the Class R R-2 Certificateholders, in accordance with the written statement received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest R-2 Certificateholders pursuant to the definition of "REMIC I II Distribution Amount" for such Distribution Date. Amounts distributed to the Class R-2 Certificateholders pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each Class R R-2 Certificateholder, or by any other means of payment acceptable to each Class R R-2 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Class R-2 Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (iii) of this Section 4.01 4.04 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.II.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Mortgage Pass- Through Certificates Series 2001-9)

Distributions to Holders of REMIC. I Regular Interests and Class R-1 Residual InterestCertificateholders. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Distribution Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, Interests and to have deposited such amounts amount for their benefit into the Distribution Certificate Account and (ii) from the Distribution Certificate Account shall distribute to the Class R CertificateholdersR-1 Certificateholders the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Class R-1 Certificateholders pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date, all in accordance with the written statement statements received from the Master Servicer pursuant to Section 4.02(b), the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (ii) above shall be distributed by wire transfer in immediately REMIC I Available Distribution Amount available funds for the account of each such Holder and the Class R R-1 Certificateholder, or by any other means of payment acceptable to each such Holder and the Class R R-1 Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC VI, REMIC V, REMIC IV, REMIC III and REMIC II and not REMIC I.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

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