Common use of Distributions; Xxxxxx Xxx Guaranty Clause in Contracts

Distributions; Xxxxxx Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Account the Class Distribution Amount for each Class and shall cause the Paying Agent to make the appropriate distribution in immediately available funds to the Depository pursuant to Section 3.01. In the event that the amount on deposit in the Trust Account on any Distribution Date allocable to any Class shall be less than the related Class Distribution Amount, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency so that the full related Class Distribution Amount is distributed on such Distribution Date. In addition, in the event that (i) a Class Distribution Amount shall be insufficient to pay all interest due and payable on the related Class on such Distribution Date or

Appears in 7 contracts

Samples: Trust Agreement, Trust Agreement, Trust Agreement

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Distributions; Xxxxxx Xxx Guaranty. On each Distribution Date, Xxxxxx Fannie Mae shall withdraw from the Trust Account the Class Distribution Amount for each Class and shall cause the Paying Agent to make the appropriate distribution in immediately available funds to the Depository pursuant to Section 3.01. In the event that the amount on deposit in the Trust Account on any Distribution Date allocable to any Class shall be less than the related Class Distribution Amount, Xxxxxx Xxx Fannie Mae shall provide from its own funds the amount of any insufficiency so that the full related Class Distribution Amount is distributed on such Distribution Date. In addition, in the event that (i) a Class Distribution Amount shall be insufficient to pay all interest due and payable on the related Class on such Distribution Date or

Appears in 1 contract

Samples: Trust Agreement

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