Common use of Distributions; Xxxxxx Xxx Guaranty Clause in Contracts

Distributions; Xxxxxx Xxx Guaranty. On or before each Determination Date, Xxxxxx Mae shall calculate the Lower Tier Distribution Amount for the following Distribution Date. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account the Lower Tier Distribution Amount and shall make the distributions to the Holders of the Lower Tier Regular Interests in the respective amounts and in the applicable manner determined pursuant to Section 2.02. In the event that the amount on deposit in the Certificate Account on any Distribution Date shall be less than the applicable Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency so that the full Lower Tier Distribution Amount is distributed on such Distribution Date. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Lower Tier Regular Interests on such Distribution Date or (ii) such Distribution Date is a Final Distribution Date for any Class and the distribution on such Distribution Date of the Lower Tier Distribution Amount will not be sufficient to reduce the Principal Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall