{"component": "clause", "props": {"groups": [{"size": 1537, "snippet_links": [{"key": "to-the-member", "type": "clause", "offset": [28, 41]}, {"key": "in-the-aggregate", "type": "definition", "offset": [59, 75]}, {"key": "amounts-determined", "type": "clause", "offset": [76, 94]}, {"key": "by-the-member", "type": "clause", "offset": [95, 108]}, {"key": "notwithstanding-any-provision", "type": "clause", "offset": [110, 139]}, {"key": "in-this-agreement", "type": "definition", "offset": [166, 183]}, {"key": "the-company-shall", "type": "clause", "offset": [185, 202]}, {"key": "a-distribution", "type": "clause", "offset": [212, 226]}, {"key": "interest-in-the-company", "type": "clause", "offset": [259, 282]}, {"key": "section-18", "type": "definition", "offset": [318, 328]}, {"key": "the-act", "type": "clause", "offset": [336, 343]}, {"key": "other-applicable-law", "type": "definition", "offset": [347, 367]}], "snippet": "Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member. Notwithstanding any provision to the contrary contained in this Agreement, the Company shall not make a distribution to the Member on account of its interest in the Company if such distribution would violate Section 18-607 of the Act or other applicable law.", "samples": [{"hash": "kBchjmAetEr", "uri": "/contracts/kBchjmAetEr#distributions", "label": "Merger Agreement (Sensei Biotherapeutics, Inc.)", "score": 37.1314163208, "published": true}, {"hash": "hwGb2iC1uW", "uri": "/contracts/hwGb2iC1uW#distributions", "label": "Limited Liability Company Operating Agreement (Eagle Point Income Co LLC)", "score": 27.5284061432, "published": true}, {"hash": "bWe9ljV7HJ0", "uri": "/contracts/bWe9ljV7HJ0#distributions", "label": "Limited Liability Company Agreement (OCH International, Inc.)", "score": 26.8767967224, "published": true}], "hash": "0e7a736c5eedd5ad5ed9824df13c30c4", "id": 1}, {"size": 385, "snippet_links": [{"key": "distribution-date", "type": "definition", "offset": [12, 29]}, {"key": "the-master-servicer", "type": "clause", "offset": [34, 53]}, {"key": "on-behalf-of", "type": "definition", "offset": [54, 66]}, {"key": "the-paying-agent", "type": "clause", "offset": [86, 102]}, {"key": "by-the-trustee", "type": "clause", "offset": [113, 127]}, {"key": "distribute-to", "type": "clause", "offset": [135, 148]}, {"key": "in-the-case", "type": "clause", "offset": [170, 181]}, {"key": "a-distribution", "type": "clause", "offset": [185, 199]}, {"key": "pursuant-to-section", "type": "definition", "offset": [200, 219]}, {"key": "amount-required", "type": "clause", "offset": [244, 259]}, {"key": "a-sub", "type": "clause", "offset": [304, 309]}, {"key": "of-record", "type": "definition", "offset": [389, 398]}, {"key": "record-date", "type": "definition", "offset": [421, 432]}, {"key": "final-distribution", "type": "clause", "offset": [488, 506]}, {"key": "immediately-available-funds", "type": "definition", "offset": [523, 550]}, {"key": "by-wire-transfer", "type": "clause", "offset": [552, 568]}, {"key": "the-account", "type": "clause", "offset": [586, 597]}, {"key": "a-bank", "type": "clause", "offset": [627, 633]}, {"key": "other-entity", "type": "clause", "offset": [637, 649]}, {"key": "appropriate-facilities", "type": "clause", "offset": [657, 679]}, {"key": "the-record", "type": "clause", "offset": [889, 899]}, {"key": "by-check", "type": "clause", "offset": [906, 914]}, {"key": "certificate-register", "type": "definition", "offset": [995, 1015]}, {"key": "with-respect-to", "type": "clause", "offset": [1065, 1080]}, {"key": "class-of-certificates", "type": "definition", "offset": [1086, 1107]}, {"key": "class-a", "type": "definition", "offset": [1140, 1147]}, {"key": "based-on", "type": "definition", "offset": [1174, 1182]}, {"key": "percentage-interests", "type": "definition", "offset": [1204, 1224]}, {"key": "represented-by", "type": "definition", "offset": [1225, 1239]}, {"key": "applicable-class", "type": "definition", "offset": [1260, 1276]}, {"key": "equal-to", "type": "definition", "offset": [1373, 1381]}, {"key": "order-of-priority", "type": "clause", "offset": [1532, 1549]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [1562, 1587]}, {"key": "each-case", "type": "definition", "offset": [1607, 1616]}, {"key": "to-the-extent", "type": "clause", "offset": [1617, 1630]}, {"key": "available-distribution-amount", "type": "definition", "offset": [1638, 1667]}, {"key": "senior-certificates", "type": "clause", "offset": [1680, 1699]}, {"key": "principal-only-certificates", "type": "definition", "offset": [1716, 1743]}, {"key": "pro-rata-basis", "type": "definition", "offset": [1750, 1764]}, {"key": "interest-payable", "type": "definition", "offset": [1794, 1810]}, {"key": "interest-on", "type": "clause", "offset": [1892, 1903]}, {"key": "classes-of-certificates", "type": "definition", "offset": [1909, 1932]}, {"key": "to-the-class", "type": "clause", "offset": [1970, 1982]}, {"key": "except-as-provided-in", "type": "clause", "offset": [2128, 2149]}, {"key": "senior-interest-distribution-amount", "type": "definition", "offset": [2199, 2234]}, {"key": "principal-distribution-amount", "type": "definition", "offset": [2296, 2325]}, {"key": "defined-in-section", "type": "clause", "offset": [2330, 2348]}], "snippet": "(a) On each Distribution Date (x) the Master Servicer on behalf of the Trustee or (y) the Paying Agent appointed by the Trustee, shall distribute to the Master Servicer, in the case of a distribution pursuant to Section 4.02(a)(iii) below, the amount required to be distributed to the Master Servicer or a Sub-Servicer pursuant to Section 4.02(a)(iii) below, and to each Certificateholder of record on the next preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), either (1) in immediately available funds (by wire transfer or otherwise) to the account of such Certificateholder at a bank or other entity having appropriate facilities therefor, if such Certificateholder has so notified the Master Servicer or the Paying Agent, as the case may be, or (2) if such Certificateholder has not so notified the Master Servicer or the Paying Agent by the Record Date, by check mailed to such Certificateholder at the address of such Holder appearing in the Certificate Register, such Certificateholder's share (which share (A) with respect to each Class of Certificates (other than any Subclass of the Class A-V Certificates), shall be based on the aggregate of the Percentage Interests represented by Certificates of the applicable Class held by such Holder or (B) with respect to any Subclass of the Class A-V Certificates, shall be equal to the amount (if any) distributed pursuant to Section 4.02(a)(i) below to each Holder of a Subclass thereof) of the following amounts, in the following order of priority (subject to the provisions of Section 4.02(b) below), in each case to the extent of the Available Distribution Amount:\n(i) to the Senior Certificates (other than the Principal Only Certificates) on a pro rata basis based on Accrued Certificate Interest payable on such Certificates with respect to such Distribution Date, Accrued Certificate Interest on such Classes of Certificates (or Subclasses, if any, with respect to the Class A-V Certificates) for such Distribution Date, plus any Accrued Certificate Interest thereon remaining unpaid from any previous Distribution Date except as provided in the last paragraph of this Section 4.02(a) (the \"Senior Interest Distribution Amount\"); and\n(ii) (X) to the Class A-P Certificates, the Class A-P Principal Distribution Amount (as defined in Section 4.02(b)(i) herein); and", "samples": [{"hash": "kdT3jAoczSV", "uri": "/contracts/kdT3jAoczSV#distributions", "label": "Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)", "score": 18.0, "published": true}, {"hash": "j9F89md4skv", "uri": "/contracts/j9F89md4skv#distributions", "label": "Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)", "score": 18.0, "published": true}, {"hash": "ed6C2mggHjS", "uri": "/contracts/ed6C2mggHjS#distributions", "label": "Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)", "score": 18.0, "published": true}], "hash": "a8d8e1dd4d4d694e91d54c4d9ef11719", "id": 7}, {"size": 374, "snippet_links": [{"key": "discretion-of-the-board", "type": "clause", "offset": [29, 52]}, {"key": "available-funds", "type": "clause", "offset": [77, 92]}, {"key": "to-members", "type": "clause", "offset": [143, 153]}, {"key": "receipts-from-operations", "type": "clause", "offset": [224, 248]}, {"key": "sum-of", "type": "clause", "offset": [259, 265]}, {"key": "payments-of-principal", "type": "definition", "offset": [271, 292]}, {"key": "charges-and-fees", "type": "definition", "offset": [304, 320]}, {"key": "pertaining-to", "type": "definition", "offset": [321, 334]}, {"key": "expenses-incurred", "type": "clause", "offset": [384, 401]}, {"key": "conduct-of-the-company", "type": "clause", "offset": [409, 431]}, {"key": "no-member", "type": "clause", "offset": [574, 583]}, {"key": "a-distribution", "type": "clause", "offset": [596, 610]}, {"key": "to-the-extent", "type": "clause", "offset": [611, 624]}, {"key": "after-giving", "type": "clause", "offset": [631, 643]}, {"key": "the-distribution", "type": "clause", "offset": [654, 670]}, {"key": "liabilities-of-the-company", "type": "clause", "offset": [676, 702]}, {"key": "a-member", "type": "definition", "offset": [718, 726]}, {"key": "liabilities-for", "type": "clause", "offset": [756, 771]}, {"key": "property-of-the-company", "type": "clause", "offset": [827, 850]}, {"key": "assets-of-the-company", "type": "definition", "offset": [888, 909]}, {"key": "subject-to", "type": "clause", "offset": [940, 950]}, {"key": "liability-for", "type": "clause", "offset": [953, 966]}, {"key": "the-creditors", "type": "clause", "offset": [989, 1002]}, {"key": "company-only", "type": "clause", "offset": [1070, 1082]}, {"key": "in-the-event-of-a", "type": "clause", "offset": [1161, 1178]}, {"key": "applicable-law", "type": "clause", "offset": [1238, 1252]}, {"key": "applicable-member", "type": "definition", "offset": [1258, 1275]}, {"key": "to-the-company", "type": "clause", "offset": [1320, 1334]}, {"key": "in-respect-of", "type": "definition", "offset": [1354, 1367]}, {"key": "by-the-company", "type": "clause", "offset": [1393, 1407]}, {"key": "the-transfer-agent", "type": "clause", "offset": [1429, 1447]}, {"key": "any-other-person", "type": "definition", "offset": [1459, 1475]}, {"key": "record-holder", "type": "clause", "offset": [1498, 1511]}, {"key": "record-date", "type": "definition", "offset": [1537, 1548]}, {"key": "satisfaction-of", "type": "clause", "offset": [1623, 1638]}, {"key": "regardless-of-any", "type": "clause", "offset": [1691, 1708]}, {"key": "any-person", "type": "clause", "offset": [1718, 1728]}, {"key": "an-interest", "type": "clause", "offset": [1742, 1753]}, {"key": "payment-by", "type": "clause", "offset": [1762, 1772]}, {"key": "assignment-or", "type": "clause", "offset": [1786, 1799]}], "snippet": "(a) The Company, in the sole discretion of the Board, in the event there are Available Funds, may make distributions thereof (\u201cDistributions\u201d) to Members as set forth herein. \u201cAvailable Funds\u201d means the Company\u2019s gross cash receipts from operations, less the sum of: (1) payments of principal, interest, charges and fees pertaining to any of the Company\u2019s indebtedness; (2) costs and expenses incurred in the conduct of the Company\u2019s business; and (3) amounts reserved to meet the reasonable needs of the Company\u2019s business. Notwithstanding anything herein to the contrary, no Member may receive a Distribution to the extent that, after giving effect to the Distribution, all liabilities of the Company (other than to a Member on account of its Shares and liabilities for which the recourse of creditors is limited to specific property of the Company) exceed the fair market value of the assets of the Company (except that property that is subject to a liability for which the recourse of the creditors is limited to such property shall be included in the assets of the Company only to the extent the Fair Market Value of such property exceeds that liability). In the event of a Distribution to a Member that would be deemed violative of applicable law, the applicable Member may be required to return such Distribution to the Company. Each Distribution in respect of any Shares shall be paid by the Company, directly or through the Transfer Agent or through any other Person or agent, only to the Record Holder of such Shares as of the Record Date set for such Distribution. Such payment shall constitute full payment and satisfaction of the Company\u2019s liability in respect of such payment, regardless of any claim of any Person who may have an interest in such payment by reason of an assignment or otherwise.", "samples": [{"hash": "iD8S1YKRcdF", "uri": "/contracts/iD8S1YKRcdF#distributions", "label": "Limited Liability Company Operating Agreement (Masterworks 007, LLC)", "score": 35.0068435669, "published": true}, {"hash": "cOzLBcj5DOc", "uri": "/contracts/cOzLBcj5DOc#distributions", "label": "Limited Liability Company Operating Agreement (Masterworks 097, LLC)", "score": 35.0068435669, "published": true}, {"hash": "bCNW43Qwchd", "uri": "/contracts/bCNW43Qwchd#distributions", "label": "Limited Liability Company Operating Agreement (Masterworks 104, LLC)", "score": 35.0068435669, "published": true}], "hash": "54288134c91c749a16500345961dd595", "id": 8}, {"size": 913, "snippet_links": [{"key": "to-the-member", "type": "clause", "offset": [28, 41]}, {"key": "in-the-aggregate", "type": "definition", "offset": [59, 75]}, {"key": "amounts-determined", "type": "clause", "offset": [76, 94]}, {"key": "by-the-member", "type": "clause", "offset": [95, 108]}], "snippet": "Distributions shall be made to the Member at the times and in the aggregate amounts determined by the Member.", "samples": [{"hash": "8bdcA8ANwOP", "uri": "/contracts/8bdcA8ANwOP#distributions", "label": "Operating Agreement", "score": 34.0979156494, "published": true}, {"hash": "jppAR9UJPxU", "uri": "/contracts/jppAR9UJPxU#distributions", "label": "Limited Liability Company Agreement (Benefit Holding, Inc.)", "score": 33.0095825195, "published": true}, {"hash": "8HWJJ1stAX7", "uri": "/contracts/8HWJJ1stAX7#distributions", "label": "Limited Liability Company Agreement", "score": 30.6002941132, "published": true}], "hash": "a8218be83a0e6bdcc13074730319a5ad", "id": 2}, {"size": 897, "snippet_links": [{"key": "the-trustee", "type": "clause", "offset": [0, 11]}, {"key": "first-settlement-date", "type": "definition", "offset": [23, 44]}, {"key": "own-funds", "type": "clause", "offset": [69, 78]}, {"key": "pay-to", "type": "definition", "offset": [89, 95]}, {"key": "the-unitholders", "type": "clause", "offset": [96, 111]}, {"key": "interest-accrued", "type": "clause", "offset": [155, 171]}, {"key": "the-bonds", "type": "definition", "offset": [175, 184]}, {"key": "trustee-shall", "type": "definition", "offset": [214, 227]}, {"key": "received-by", "type": "definition", "offset": [292, 303]}, {"key": "further-distributions", "type": "definition", "offset": [336, 357]}, {"key": "interest-account", "type": "definition", "offset": [381, 397]}, {"key": "appropriate-persons", "type": "definition", "offset": [490, 509]}, {"key": "trustee-advance", "type": "definition", "offset": [514, 529]}, {"key": "to-the-trust", "type": "definition", "offset": [704, 716]}, {"key": "subsequent-distributions", "type": "definition", "offset": [739, 763]}, {"key": "distributions-of-funds", "type": "clause", "offset": [814, 836]}, {"key": "record-dates", "type": "definition", "offset": [903, 915]}, {"key": "monthly-record-date", "type": "definition", "offset": [959, 978]}, {"key": "with-respect-to", "type": "clause", "offset": [999, 1014]}, {"key": "to-the-extent", "type": "clause", "offset": [1068, 1081]}, {"key": "not-available", "type": "clause", "offset": [1092, 1105]}, {"key": "principal-account", "type": "definition", "offset": [1132, 1149]}, {"key": "at-the-time", "type": "definition", "offset": [1204, 1215]}, {"key": "to-receive", "type": "definition", "offset": [1225, 1235]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1236, 1255]}, {"key": "the-evaluator", "type": "clause", "offset": [1397, 1410]}, {"key": "the-depositor", "type": "clause", "offset": [1881, 1894]}, {"key": "the-supervisor", "type": "clause", "offset": [2097, 2111]}, {"key": "equal-to", "type": "definition", "offset": [2367, 2375]}, {"key": "unpaid-fees-and-expenses", "type": "clause", "offset": [2376, 2400]}, {"key": "bond-counsel", "type": "definition", "offset": [2418, 2430]}, {"key": "previous-provisions", "type": "clause", "offset": [2521, 2540]}, {"key": "regulated-investment-company", "type": "definition", "offset": [2582, 2610]}, {"key": "internal-revenue-code-of-1986", "type": "definition", "offset": [2635, 2664]}, {"key": "as-amended", "type": "definition", "offset": [2666, 2676]}, {"key": "directed-to", "type": "definition", "offset": [2693, 2704]}, {"key": "any-action", "type": "definition", "offset": [2735, 2745]}, {"key": "to-maintain", "type": "clause", "offset": [2765, 2776]}, {"key": "of-the-trust", "type": "clause", "offset": [2795, 2807]}, {"key": "federal-income-tax-purposes", "type": "clause", "offset": [2846, 2873]}, {"key": "provide-funds", "type": "clause", "offset": [2880, 2893]}, {"key": "taxable-year", "type": "clause", "offset": [2925, 2937]}, {"key": "excise-taxes", "type": "clause", "offset": [2984, 2996]}, {"key": "undistributed-income", "type": "clause", "offset": [3016, 3036]}, {"key": "monthly-distribution-date", "type": "definition", "offset": [3076, 3101]}, {"key": "mail-to", "type": "definition", "offset": [3147, 3154]}, {"key": "order-of", "type": "clause", "offset": [3167, 3175]}, {"key": "record-of", "type": "clause", "offset": [3195, 3204]}, {"key": "close-of-business", "type": "definition", "offset": [3226, 3243]}, {"key": "office-address", "type": "clause", "offset": [3293, 3307]}, {"key": "registration-books", "type": "definition", "offset": [3325, 3343]}, {"key": "pro-rata-share", "type": "definition", "offset": [3377, 3391]}, {"key": "balance-of-the", "type": "clause", "offset": [3399, 3413]}, {"key": "basis-of", "type": "clause", "offset": [3479, 3487]}, {"key": "interest-income", "type": "clause", "offset": [3524, 3539]}, {"key": "twelve-months", "type": "clause", "offset": [3570, 3583]}, {"key": "deduction-of", "type": "clause", "offset": [3591, 3603]}, {"key": "expenses-of", "type": "clause", "offset": [3628, 3639]}, {"key": "twelve-month-period", "type": "clause", "offset": [3677, 3696]}, {"key": "in-the-event-the", "type": "clause", "offset": [3747, 3763]}, {"key": "on-deposit", "type": "definition", "offset": [3771, 3781]}, {"key": "payment-of-the", "type": "clause", "offset": [3843, 3857]}, {"key": "to-be-deposited", "type": "definition", "offset": [4002, 4017]}, {"key": "interest-distribution", "type": "definition", "offset": [4124, 4145]}, {"key": "amounts-credited", "type": "definition", "offset": [4216, 4232]}, {"key": "subsequent-to-the", "type": "clause", "offset": [4257, 4274]}, {"key": "date-of", "type": "clause", "offset": [4275, 4282]}, {"key": "represented-by", "type": "definition", "offset": [4322, 4336]}, {"key": "cash-balance", "type": "definition", "offset": [4341, 4353]}, {"key": "reasonable-period-of-time", "type": "clause", "offset": [4488, 4513]}, {"key": "a-distribution", "type": "clause", "offset": [4833, 4847]}, {"key": "to-distribute", "type": "definition", "offset": [4965, 4978]}, {"key": "funds-in", "type": "definition", "offset": [5013, 5021]}, {"key": "each-calendar-year", "type": "definition", "offset": [5105, 5123]}, {"key": "unitholders-of-record", "type": "definition", "offset": [5127, 5148]}, {"key": "amount-available-for-distribution", "type": "definition", "offset": [5196, 5229]}], "snippet": "The Trustee, as of the First Settlement Date, shall advance from its own funds and shall pay to the Unitholders of each Trust then of record the amount of interest accrued on the Bonds deposited in such Trust. The Trustee shall be entitled to reimbursement for such advancement from interest received by the respective Trust before any further distributions shall be made from the Interest Account to Unitholders of such Trust. The Trustee shall also advance from its own funds and pay the appropriate persons the Trustee Advance, which amount represents interest which accrues on any \"when, as and if issued\" Bonds deposited in a Trust from the First Settlement Date to the respective dates of delivery to the Trust of any of such Bonds. Subsequent distributions shall be made as hereinafter provided. Subsequent distributions of funds from the Interest Account of a Trust shall be made on the Monthly Record Dates of a Trust as described herein. As of each Monthly Record Date, the Trustee shall, with respect to each Trust:\n(a) deduct from the Interest Account or, to the extent funds are not available in such Account, from the Principal Account and pay to itself individually the amounts that it is at the time entitled to receive pursuant to Section 7.04;\n(b) deduct from the Interest Account, or, to the extent funds are not available in such Account, from the Principal Account and pay to the Evaluator the amount that it is at the time entitled to receive pursuant to Section 5.03;\n(c) deduct from the Interest Account, or, to the extent funds are not available in such Account, from the Principal Account and pay to any Portfolio Insurer the amount of any premium to which it is at the time entitled to receive pursuant to Section 2.06;\n(d) deduct from the Interest Account, or to the extent funds are not available in such Account, from the Principal Account and pay to the Depositor the amount that it is entitled to receive pursuant to Section 3.15;\n(e) deduct from the Interest Account, or to the extent funds are not available in such Account, from the Principal Account and pay to the Supervisor the amount that it is entitled to receive pursuant to Section 4.01; and\n(f) deduct from the Interest Account, or, to the extent funds are not available in such Account, from the Principal Account and pay to counsel, as hereinafter provided for, an amount equal to unpaid fees and expenses, if any, of such bond counsel pursuant to Section 3.09 as certified to by the Depositor.\n(g) Notwithstanding any of the previous provisions, if a Trust has elected to be taxed as a regulated investment company under the United States Internal Revenue Code of 1986, as amended, the Trustee is directed to make any distribution or take any action necessary in order to maintain the qualification of the Trust as a regulated investment company for federal income tax purposes or to provide funds to make any distribution for a taxable year in order to avoid imposition of any income or excise taxes on the Trust or on undistributed income in the Trust. On or shortly after each Monthly Distribution Date for a Trust, the Trustee shall distribute by mail to or upon the order of each Unitholder of record of such Trust as of the close of business on the preceding Monthly Record Date at the post office address appearing on the registration books of the Trustee such Unitholder's pro rata share of the balance of the Interest Account calculated as of the Monthly Record Date on the basis of one-twelfth of the estimated annual interest income to such Trust for the ensuing twelve months, after deduction of the estimated costs and expenses of such Trust to be incurred during the twelve month period for which the interest income has been estimated. In the event the amount on deposit in the Interest Account of a Trust is not sufficient for the payment of the amount of interest to be distributed to Unitholders on the bases of the aforesaid computations, the Trustee may advance its own funds and cause to be deposited in and credited to such Interest Account such amounts as may be required to permit payment of the monthly interest distribution to be made as aforesaid and shall be entitled to be reimbursed out of amounts credited to the Interest Account subsequent to the date of such advance. Distributions of amounts represented by the cash balance in the Principal Account for a Trust shall be computed as of each Monthly Record Date. On each Monthly Distribution Date, or within a reasonable period of time thereafter, the Trustee shall distribute by mail to each Unitholder of record of such Trust at the close of business on the preceding Monthly Record Date at his post office address such Unitholder's pro rata share of the cash balance of the Principal Account as thus computed. The Trustee shall not be required to make a distribution from the Principal Account unless the cash balance on deposit therein available for distribution shall be sufficient to distribute at least $5.00 per Unit. However, funds in the Principal Account will be distributed on the last Monthly Distribution Date of each calendar year to Unitholders of record as of the preceding Monthly Record Date if the amount available for distribution shall equal at least $1.00 per Unit.\"", "samples": [{"hash": "4NKVkEBjAMd", "uri": "/contracts/4NKVkEBjAMd#distributions", "label": "Trust Agreement (Van Kampen Unit Trusts, Municipal Series 1120)", "score": 20.9103355408, "published": true}, {"hash": "bBXcMMxaHky", "uri": "/contracts/bBXcMMxaHky#distributions", "label": "Trust Agreement (Van Kampen Unit Trusts Taxable Income Series 428)", "score": 20.9048595428, "published": true}, {"hash": "7lVNfrMzqgE", "uri": "/contracts/7lVNfrMzqgE#distributions", "label": "Trust Agreement (Van Kampen Unit Trusts, Municipal Series 1115)", "score": 20.8884334564, "published": true}], "hash": "720a72e99839230f0cfda085b477d327", "id": 3}, {"size": 325, "snippet_links": [{"key": "distribution-date", "type": "definition", "offset": [27, 44]}, {"key": "to-the-extent", "type": "clause", "offset": [46, 59]}, {"key": "available-funds", "type": "clause", "offset": [67, 82]}, {"key": "certificate-administrator", "type": "definition", "offset": [115, 140]}, {"key": "to-transfer", "type": "clause", "offset": [157, 168]}, {"key": "tier-distribution-amount", "type": "definition", "offset": [179, 203]}, {"key": "tier-remic", "type": "definition", "offset": [219, 229]}, {"key": "distribution-account", "type": "clause", "offset": [230, 250]}, {"key": "with-respect-to", "type": "clause", "offset": [355, 370]}, {"key": "regular-interests", "type": "definition", "offset": [396, 413]}, {"key": "order-of-priority", "type": "clause", "offset": [540, 557]}, {"key": "holders-of", "type": "clause", "offset": [720, 730]}, {"key": "class-a-1-certificates", "type": "definition", "offset": [735, 757]}, {"key": "class-a-2-certificates", "type": "definition", "offset": [763, 785]}, {"key": "class-a-3-certificates", "type": "definition", "offset": [791, 813]}, {"key": "class-a-4-certificates", "type": "definition", "offset": [819, 841]}, {"key": "class-x", "type": "definition", "offset": [904, 911]}, {"key": "in-respect-of", "type": "definition", "offset": [988, 1001]}, {"key": "group-1-assets", "type": "definition", "offset": [1229, 1243]}, {"key": "equal-to", "type": "definition", "offset": [1288, 1296]}, {"key": "pro-rata", "type": "definition", "offset": [1302, 1310]}, {"key": "in-accordance-with", "type": "definition", "offset": [1311, 1329]}, {"key": "interest-distribution-amount", "type": "definition", "offset": [1346, 1374]}, {"key": "bp-freely-prepayable-note", "type": "definition", "offset": [1484, 1509]}, {"key": "asset-group-2", "type": "definition", "offset": [1513, 1526]}, {"key": "the-interest", "type": "clause", "offset": [1580, 1592]}, {"key": "pay-in-full", "type": "definition", "offset": [2010, 2021]}, {"key": "amount-of-interest", "type": "definition", "offset": [2032, 2050]}, {"key": "classes-of-certificates", "type": "definition", "offset": [2076, 2099]}, {"key": "in-this-clause", "type": "clause", "offset": [2110, 2124]}, {"key": "funds-available", "type": "definition", "offset": [2310, 2325]}, {"key": "reduction-of", "type": "clause", "offset": [2787, 2799]}, {"key": "certificate-balances", "type": "clause", "offset": [2804, 2824]}, {"key": "prior-to-the", "type": "clause", "offset": [2838, 2850]}, {"key": "group-1-principal-distribution-amount", "type": "definition", "offset": [3025, 3062]}, {"key": "balance-of-the", "type": "clause", "offset": [3117, 3131]}, {"key": "to-zero", "type": "definition", "offset": [3173, 3180]}, {"key": "group-2-principal-distribution-amount", "type": "definition", "offset": [3186, 3223]}, {"key": "payments-to-the-class", "type": "clause", "offset": [3240, 3261]}, {"key": "if-applicable", "type": "definition", "offset": [3473, 3486]}, {"key": "outstanding-certificate-balance", "type": "definition", "offset": [3541, 3572]}, {"key": "scheduled-principal-balance", "type": "definition", "offset": [3639, 3666]}, {"key": "based-on", "type": "definition", "offset": [6682, 6690]}, {"key": "the-principal", "type": "definition", "offset": [6752, 6765]}, {"key": "realized-losses", "type": "definition", "offset": [7305, 7320]}, {"key": "allocated-to", "type": "definition", "offset": [7332, 7344]}, {"key": "interest-on", "type": "clause", "offset": [7469, 7480]}, {"key": "through-rate", "type": "clause", "offset": [7505, 7517]}, {"key": "s-certificates", "type": "clause", "offset": [7664, 7678]}, {"key": "certificates-for", "type": "clause", "offset": [7790, 7806]}, {"key": "the-class-b-certificates", "type": "clause", "offset": [8868, 8892]}, {"key": "the-class-a-certificates", "type": "clause", "offset": [9094, 9118]}, {"key": "class-c-certificates", "type": "definition", "offset": [9880, 9900]}, {"key": "class-d-certificates", "type": "definition", "offset": [10943, 10963]}, {"key": "distribution-amounts", "type": "clause", "offset": [11099, 11119]}, {"key": "class-e", "type": "definition", "offset": [12138, 12145]}, {"key": "class-f", "type": "clause", "offset": [13340, 13347]}, {"key": "class-g", "type": "definition", "offset": [14576, 14583]}, {"key": "class-h", "type": "definition", "offset": [15868, 15875]}], "snippet": "(a) [Reserved]\n(b) On each Distribution Date, to the extent of the Available Funds for such Distribution Date, the Certificate Administrator shall be deemed to transfer the Lower-Tier Distribution Amount from the Lower-Tier REMIC Distribution Account to the Upper-Tier REMIC Distribution Account in the amounts and priorities set forth in Section 4.01(d) with respect to each Class of Lower-Tier Regular Interests, and immediately thereafter, shall make distributions thereof from the Upper-Tier REMIC Distribution Account in the following order of priority, satisfying in full, to the extent required and possible, each priority before making any distribution with respect to any succeeding priority:\n(i) first, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates, the Class A-4 Certificates the Class A-AB Certificates, the Class A-BP Certificates, the Class X-A Certificates, the Class X-BP Certificates and the Class X-B Certificates, in respect of interest, concurrently, as follows:\n(A) to the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates and Class A-AB Certificates, from the portion of Available Funds attributable to the Group 1 Assets for such Distribution Date, up to an amount equal to, and pro rata in accordance with, the respective Interest Distribution Amount for such Classes;\n(B) to the Class A-BP Certificate, from the portion of Available Funds attributable to the BP Freely Prepayable Note in Asset Group 2 for such Distribution Date, up to an amount equal to the Interest Distribution Amount for such Class; and\n(C) to the Class X-A Certificates, Class X-BP Certificates and Class X-B Certificates, from Available Funds for such Distribution Date, without regard to Asset Groups, up to an amount equal to, and pro rata in accordance with, the respective Interest Distribution Amount for such Classes; provided, however, if on any Distribution Date, the Available Funds are insufficient to pay in full the total amount of interest to be paid to any of the Classes of Certificates described in this clause (i), or the portion of Available Funds attributed to Asset Group 2 are insufficient to pay in full the total amount of interest to be paid to the Class A-BP Certificates, the Available Funds available for such Distribution Date shall be allocated among all those Classes of Certificates up to an amount equal to, and pro rata in accordance with, the respective Interest Distribution Amount for such Classes of Certificates, without regard to Asset Groups.\n(ii) second, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates, the Class A-4 Certificates, the Class A-AB Certificates and the Class A-BP Certificates in reduction of the Certificate Balances thereof: (I) prior to the Cross-Over Date (a) to the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates and Class A-AB Certificates, in an amount up to the Group 1 Principal Distribution Amount for such Distribution Date and, after the Certificate Balance of the Class A-BP Certificates has been reduced to zero, the Group 2 Principal Distribution Amount remaining after payments to the Class A-BP Certificates have been made on such Distribution Date, in the following priority: (1) first, to the Holders of the Class A-AB Certificates, in an amount up to the Group 1 Principal Distribution Amount and (if applicable) the Group 2 Principal Distribution Amount, until the outstanding Certificate Balance of the Class A-AB Certificates has been reduced to the Class A-AB Scheduled Principal Balance for such Distribution Date; (2) second, to the Holders of the Class A-1 Certificates, in an amount up to the Group 1 Principal Distribution Amount and (if applicable) the Group 2 Principal Distribution Amount (or the portion thereof remaining after any distributions specified in subclause (1) above have been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-1 Certificates has been reduced to zero; (3) third, to the Holders of the Class A-2 Certificates in an amount up to the Group 1 Principal Distribution Amount and (if applicable) the Group 2 Principal Distribution Amount (or the portion thereof remaining after any distributions specified in subclauses (1) and (2) above have been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-2 Certificates has been reduced to zero; (4) fourth, to the Holders of the Class A-3 Certificates, in an amount up to the Group 1 Principal Distribution Amount and (if applicable) the Group 2 Principal Distribution Amount (or the portion thereof remaining after any distributions specified in subclauses (1), (2) and (3) above have been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-3 Certificates has been reduced to zero; (5) fifth, to the Holders of the Class A-4 Certificates, in an amount up to the Group 1 Principal Distribution Amount and (if applicable) the Group 2 Principal Distribution Amount (or the portion thereof remaining after any distributions specified in subclauses (1), (2), (3) and (4) above have been made on such Distribution Date), until the outstanding Certificate Balance of the Class A-4 Certificates has been reduced to zero; and (6) sixth, to the Holders of the Class A-AB Certificates, in an amount up to the Group 1 Principal Distribution Amount and (if applicable) the Group 2 Principal Distribution Amount (or the portion thereof remaining after any distributions specified in subclauses (1), (2), (3), (4) and (5) above have been made on such Distribution Date), until the outstanding Certificate Balances of the Class A-AB Certificates, without regard to the Class A-AB Scheduled Principal Balance, has been reduced to zero; and (b) to the Class A-BP Certificates, in an amount up to the Group 2 Principal Distribution Amount for such Distribution Date and, after the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates and Class A-AB Certificates have been reduced to zero, the Group 1 Principal Distribution Amount remaining after payments to the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates and Class A-AB Certificates have been made on such Distribution Date, until the Certificate Balance of the Class A-BP Certificates has been reduced to zero; and (II) on or after the Cross-Over Date, to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB and Class A-BP Certificates, pro rata (based on their respective Certificate Balances) in an amount equal to the Principal Distribution Amount for such Distribution Date, until the Certificate Balance of each of the Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB and Class A-BP Certificates is reduced to zero, without regard to the Class A-AB Scheduled Principal Balance or Asset Groups;\n(iii) third, to the Holders of the Class A-1 Certificates, the Class A-2 Certificates, the Class A-3 Certificates, the Class A-4 Certificates, the Class A-AB Certificates and the Class A-BP Certificates, first up to an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Classes pro rata (based upon the aggregate unreimbursed Realized Losses previously allocated to each such Class), then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(iv) fourth, to the Holders of the Class A-S Certificates, in respect of interest, up to an amount equal to the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;\n(v) fifth, after the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-AB Certificates and Class A-BP Certificates have been reduced to zero, to the Holders of the Class A-S Certificates in reduction of the Certificate Balance thereof, up to an amount equal to the Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class \u2587-\u2587, \u2587\u2587\u2587\u2587\u2587 \u2587-\u2587, Class A-3, Class A-4, Class A-AB and Class A-BP Certificates have been made on such Distribution Date) until the outstanding Certificate Balance of the Class A-S Certificates has been reduced to zero;\n(vi) sixth, to the Holders of the Class A-S Certificates, first up to an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Class, then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(vii) seventh, to the Holders of the Class B Certificates, in respect of interest, up to an amount equal to the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;\n(viii) eighth, after the Certificate Balances of the Class A Certificates have been reduced to zero, to the Holders of the Class B Certificates, in reduction of the Certificate Balance thereof, up to an amount equal to the Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates have been made on such Distribution Date) until the Certificate Balance of the Class B Certificates has been reduced to zero;\n(ix) ninth, to the Holders of the Class B Certificates, first up to an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Class, then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(x) tenth, to the Holders of the Class C Certificates, in respect of interest, up to an amount equal to the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;\n(xi) eleventh, after the Certificate Balances of the Class A Certificates and the Class B Certificates have been reduced to zero, to the Holders of the Class C Certificates in reduction of the Certificate Balance thereof, up to an amount equal to the Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates and the Class B Certificates have been made on such Distribution Date) until the Certificate Balance of the Class C Certificates has been reduced to zero;\n(xii) twelfth, to the Holders of the Class C Certificates, first up to an amount equal to the unreimbursed Realized Losses previously allocated to such Class, then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(xiii) thirteenth, to the Holders of the Class D Certificates and Class X-D Certificates, in respect of interest, up to an amount equal to, and pro rata in accordance with, the respective Interest Distribution Amounts in respect of such Class of Certificates for such Distribution Date;\n(xiv) fourteenth, after the Certificate Balances of the Class A Certificates, Class B Certificates and Class C Certificates have been reduced to zero, to the Holders of the Class D Certificates, in reduction of the Certificate Balance thereof, an amount equal to the Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates, Class B Certificates and Class C Certificates have been made on such Distribution Date), until the outstanding Certificate Balance of the Class D Certificates has been reduced to zero;\n(xv) fifteenth, to the Holders of the Class D Certificates, first up to an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Class, then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(xvi) sixteenth, to the Holders of the Class E-RR Certificates, in respect of interest, up to an amount equal to, the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;\n(xvii) seventeenth, after the Certificate Balances of the Class A Certificates, the Class B Certificates, the Class C Certificates and Class D Certificates have been reduced to zero, to the Holders of the Class E-RR Certificates, in reduction of the Certificate Balance thereof, an amount equal to the Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates, the Class B Certificates, the Class C Certificates and Class D Certificates have been made on such Distribution Date), until the outstanding Certificate Balance of the Class E-RR Certificates has been reduced to zero;\n(xviii) eighteenth, to the Holders of the Class E-RR Certificates, first up to an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Class, then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(xix) nineteenth, to the Holders of the Class F-RR Certificates, in respect of interest, up to an amount equal to, the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;\n(xx) twentieth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C Certificates, Class D Certificates and Class E-RR Certificates have been reduced to zero, to the Holders of the Class F-RR Certificates, in reduction of the Certificate Balance thereof, an amount equal to the Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates, Class B Certificates, Class C Certificates, Class D Certificates and Class E-RR Certificates have been made on such Distribution Date), until the outstanding Certificate Balance of the Class F-RR Certificates has been reduced to zero;\n(xxi) twenty-first, to the Holders of the Class F-RR Certificates, first up to an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Class, then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(xxii) twenty-second, to the Holders of the Class G-RR Certificates, in respect of interest, up to an amount equal to, the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;\n(xxiii) twenty-third, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E-RR Certificates and Class F-RR Certificates have been reduced to zero, to the Holders of the Class G-RR Certificates, in reduction of the Certificate Balance thereof, an amount equal to the Principal Distribution Amount (or the portion thereof remaining after any distributions in respect of the Class A Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E-RR Certificates and Class F-RR Certificates have been made on such Distribution Date), until the outstanding Certificate Balance of the Class G-RR Certificates has been reduced to zero;\n(xxiv) twenty-fourth, to the Holders of the Class G-RR Certificates, first up to an amount equal to the aggregate of unreimbursed Realized Losses previously allocated to such Class, then interest on that amount at the Pass-Through Rate for such Class compounded monthly from the date the related Realized Loss was allocated to such Class;\n(xxv) twenty-fifth, to the Holders of the Class H-RR Certificates, in respect of interest, up to an amount equal to, the Interest Distribution Amount in respect of such Class of Certificates for such Distribution Date;\n(xxvi) twenty-sixth, after the Certificate Balances of the Class A Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E-RR Certificates, Class F-RR Certificates and Class G-RR Certificates have been reduced to zero, to the Holders of the Class H-RR Certificates, in reduction of the Certificate Balance t", "samples": [{"hash": "4XtYcrsB4cz", "uri": "/contracts/4XtYcrsB4cz#distributions", "label": "Pooling and Servicing Agreement (GS Mortgage Securities Trust 2018-Gs9)", "score": 29.238193512, "published": true}, {"hash": "52ukPMHfUrV", "uri": "/contracts/52ukPMHfUrV#distributions", "label": "Pooling and Servicing Agreement (Wells Fargo Commercial Mortgage Trust 2017-C42)", "score": 28.9698829651, "published": true}, {"hash": "lDaTfXRGeiR", "uri": "/contracts/lDaTfXRGeiR#distributions", "label": "Pooling and Servicing Agreement (Bank 2017-Bnk9)", "score": 28.9671459198, "published": true}], "hash": "b6219d06cd6b85aa622f504bf3728fde", "id": 10}, {"size": 412, "snippet_links": [{"key": "the-members", "type": "clause", "offset": [0, 11]}, {"key": "available-funds", "type": "clause", "offset": [43, 58]}, {"key": "net-cash", "type": "definition", "offset": [170, 178]}, {"key": "expenses-and-liabilities", "type": "definition", "offset": [236, 260]}, {"key": "the-managers", "type": "clause", "offset": [279, 291]}, {"key": "distributions-in-liquidation-of-the-company", "type": "clause", "offset": [293, 336]}, {"key": "a-member", "type": "definition", "offset": [358, 366]}, {"key": "in-accordance-with", "type": "definition", "offset": [392, 410]}, {"key": "capital-account-balances", "type": "clause", "offset": [424, 448]}, {"key": "pursuant-to", "type": "clause", "offset": [449, 460]}, {"key": "treasury-regulation", "type": "clause", "offset": [484, 503]}, {"key": "to-the-extent", "type": "clause", "offset": [529, 542]}, {"key": "negative-capital-account-balance", "type": "clause", "offset": [565, 597]}, {"key": "qualified-income-offset", "type": "definition", "offset": [616, 639]}], "snippet": "The Members shall determine and distribute available funds annually or at more frequent intervals as they see fit. Available funds, as referred to herein, shall mean the net cash of the Company available after appropriate provision for expenses and liabilities, as determined by the Managers. Distributions in liquidation of the Company or in liquidation of a Member's interest shall be made in accordance with the positive capital account balances pursuant to U.S. Department of the Treasury Regulation 1.704.1(b)(2)(ii)(b)(2). To the extent a Member shall have a negative capital account balance, there shall be a qualified income offset, as set forth in U.S. Department of the Treasury Regulation 1.704.1(b)(2)(ii)(d).", "samples": [{"hash": "iE7Nm5O6ew6", "uri": "/contracts/iE7Nm5O6ew6#distributions", "label": "Operating Agreement (Sibannac, Inc.)", "score": 33.2778930664, "published": true}, {"hash": "lKTQeLqnTPQ", "uri": "/contracts/lKTQeLqnTPQ#distributions", "label": "Operating Agreement", "score": 31.8601531982, "published": true}, {"hash": "8fqBnLtX0BR", "uri": "/contracts/8fqBnLtX0BR#distributions", "label": "Limited Liability Company Operating Agreement", "score": 31.7584190369, "published": true}], "hash": "297f6c463da5fd570f8c64a23a6e8d7f", "id": 5}, {"size": 780, "snippet_links": [{"key": "section-52", "type": "clause", "offset": [55, 66]}, {"key": "payment-date", "type": "definition", "offset": [93, 105]}, {"key": "relevant-trustee", "type": "definition", "offset": [111, 127]}, {"key": "based-on", "type": "definition", "offset": [129, 137]}, {"key": "contained-in", "type": "definition", "offset": [150, 162]}, {"key": "the-servicer", "type": "clause", "offset": [163, 175]}, {"key": "determination-date", "type": "clause", "offset": [225, 243]}, {"key": "section-38", "type": "clause", "offset": [256, 267]}, {"key": "deposits-and-distributions", "type": "clause", "offset": [294, 320]}, {"key": "to-the-extent-of-available-funds", "type": "definition", "offset": [322, 354]}, {"key": "reserve-account-draw-amount", "type": "definition", "offset": [363, 390]}, {"key": "the-collection-account", "type": "clause", "offset": [406, 428]}, {"key": "order-of-priority", "type": "clause", "offset": [469, 486]}, {"key": "the-indenture-trustee-and-the-owner-trustee", "type": "clause", "offset": [502, 545]}, {"key": "unpaid-fees", "type": "definition", "offset": [563, 574]}, {"key": "indemnification-amounts", "type": "definition", "offset": [600, 623]}, {"key": "with-respect-to", "type": "clause", "offset": [687, 702]}, {"key": "asset-representations-reviewer", "type": "definition", "offset": [730, 760]}, {"key": "santander-consumer", "type": "definition", "offset": [930, 948]}, {"key": "payable-to", "type": "definition", "offset": [1017, 1027]}, {"key": "clause-first", "type": "clause", "offset": [1125, 1137]}, {"key": "per-annum", "type": "clause", "offset": [1167, 1176]}, {"key": "in-the-aggregate", "type": "definition", "offset": [1177, 1193]}, {"key": "occurrence-of-an-event-of-default", "type": "clause", "offset": [1208, 1241]}, {"key": "in-clauses", "type": "clause", "offset": [1264, 1274]}, {"key": "section-51", "type": "clause", "offset": [1294, 1305]}, {"key": "servicing-fees", "type": "definition", "offset": [1387, 1401]}, {"key": "the-noteholders", "type": "clause", "offset": [1447, 1462]}, {"key": "the-class-a-notes", "type": "definition", "offset": [1466, 1483]}, {"key": "interest-due", "type": "definition", "offset": [1510, 1522]}, {"key": "interest-period", "type": "definition", "offset": [1551, 1566]}, {"key": "to-pay", "type": "clause", "offset": [1627, 1633]}, {"key": "payment-of", "type": "definition", "offset": [1735, 1745]}, {"key": "interest-on-the-class", "type": "clause", "offset": [1751, 1772]}, {"key": "pro-rata-basis", "type": "definition", "offset": [1786, 1800]}, {"key": "interest-payable", "type": "definition", "offset": [1824, 1840]}, {"key": "class-of-class", "type": "definition", "offset": [1849, 1863]}, {"key": "for-distribution", "type": "clause", "offset": [1885, 1901]}, {"key": "first-allocation-of-principal", "type": "definition", "offset": [1970, 1999]}, {"key": "class-b-notes", "type": "clause", "offset": [2046, 2059]}, {"key": "accrued-class-b-note-interest", "type": "definition", "offset": [2065, 2094]}, {"key": "in-accordance-with", "type": "definition", "offset": [2191, 2209]}, {"key": "second-allocation-of-principal", "type": "definition", "offset": [2247, 2277]}, {"key": "class-c-notes", "type": "clause", "offset": [2322, 2335]}, {"key": "accrued-class-c-note-interest", "type": "definition", "offset": [2341, 2370]}, {"key": "third-allocation-of-principal", "type": "definition", "offset": [2524, 2553]}, {"key": "additional-amounts", "type": "definition", "offset": [2602, 2620]}, {"key": "cash-on-deposit", "type": "clause", "offset": [2653, 2668]}, {"key": "specified-reserve-account-balance", "type": "clause", "offset": [2705, 2738]}, {"key": "regular-allocation-of-principal", "type": "definition", "offset": [2844, 2875]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [3059, 3077]}, {"key": "section-44", "type": "clause", "offset": [3092, 3103]}, {"key": "funds-remaining", "type": "definition", "offset": [3187, 3202]}, {"key": "percentage-interest", "type": "definition", "offset": [3253, 3272]}, {"key": "definitive-certificates", "type": "clause", "offset": [3318, 3341]}, {"key": "the-certificate-distribution-account", "type": "definition", "offset": [3363, 3399]}, {"key": "provision-of", "type": "clause", "offset": [3470, 3482]}, {"key": "following-the", "type": "definition", "offset": [3501, 3514]}, {"key": "continuation-of", "type": "clause", "offset": [3541, 3556]}, {"key": "acceleration-of-the-notes", "type": "clause", "offset": [3602, 3627]}, {"key": "trustee-shall", "type": "definition", "offset": [3643, 3656]}, {"key": "payment-in-full", "type": "definition", "offset": [3771, 3786]}, {"key": "other-amounts-payable", "type": "clause", "offset": [3808, 3829]}, {"key": "from-time-to-time", "type": "clause", "offset": [3933, 3950]}], "snippet": "(a) Unless the Notes have been accelerated pursuant to Section 5.2 of the Indenture, on each Payment Date, the Relevant Trustee (based on information contained in the Servicer\u2019s Certificate delivered on or before the related Determination Date pursuant to Section 3.8) shall make the following deposits and distributions, to the extent of Available Funds and the Reserve Account Draw Amount, on deposit in the Collection Account for such Payment Date, in the following order of priority:\n(1) first, to the Indenture Trustee and the Owner Trustee, any accrued and unpaid fees, reasonable expenses and indemnification amounts (including any such fees, expenses and indemnification amounts with respect to prior periods), and to the Asset Representations Reviewer, any accrued and unpaid fees (including unpaid fees with respect to prior periods), reasonable expenses and indemnification amounts to the extent not previously paid by Santander Consumer; provided, however, that fees, expenses and indemnification amounts payable to the Indenture Trustee, the Owner Trustee and the Asset Representations Reviewer pursuant to this clause first shall be limited to $300,000 per annum in the aggregate (prior to the occurrence of an Event of Default of the type described in clauses (a), (b) or (e) of Section 5.1 of the Indenture);\n(2) second, to the Servicer, the Servicing Fee and all unpaid Servicing Fees with respect to prior periods;\n(3) third, to the Noteholders of the Class A Notes, the Accrued Class A Note Interest due and accrued for the related Interest Period; provided, that if there are not sufficient funds available to pay the entire amount of the Accrued Class A Note Interest, the amounts available will be applied to the payment of such interest on the Class A Notes on a pro rata basis based on the amount of interest payable to each Class of Class A Notes;\n(4) fourth, for distribution to the Noteholders pursuant to Section 8.2(b) of the Indenture, the First Allocation of Principal, if any;\n(5) fifth, to the Noteholders of the Class B Notes, the Accrued Class B Note Interest due and accrued for the related Interest Period;\n(6) sixth, for distribution to the Noteholders in accordance with Section 8.2(b) of the Indenture, the Second Allocation of Principal, if any;\n(7) seventh, to the Noteholders of Class C Notes, the Accrued Class C Note Interest due and accrued for the related Interest Period;\n(8) eighth, for distribution to the Noteholders in accordance with Section 8.2(b) of the Indenture, the Third Allocation of Principal, if any;\n(9) ninth, to the Reserve Account, any additional amounts required to cause the amount of cash on deposit in the Reserve Account to equal the Specified Reserve Account Balance;\n(10) tenth, for distribution to the Noteholders in accordance with Section 8.2(b) of the Indenture, the Regular Allocation of Principal, if any;\n(11) eleventh, to the Indenture Trustee, the Owner Trustee and the Asset Representations Reviewer, any accrued and unpaid fees, expenses and indemnification amounts not paid pursuant to clause first of this Section 4.4(a) due solely to the per annum limitation set forth therein; and\n(12) twelfth, any funds remaining, to the Certificateholders, pro rata based on the Percentage Interest of each Certificateholder, or, to the extent Definitive Certificates have been issued, to the Certificate Distribution Account for distribution to the Certificateholders. Notwithstanding any other provision of this Section 4.4, following the occurrence and during the continuation of an Event of Default which has resulted in an acceleration of the Notes, the Indenture Trustee shall apply all amounts on deposit in the Collection Account pursuant to Section 5.4(b) of the Indenture.\n(b) After the payment in full of the Notes and all other amounts payable under Section 4.4(a), all Collections shall be paid to or in accordance with the instructions provided from time to time by the Certificateholders.", "samples": [{"hash": "gjEfdaYbs9l", "uri": "/contracts/gjEfdaYbs9l#distributions", "label": "Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2023-5)", "score": 34.7932929993, "published": true}, {"hash": "gZhWD3F2JQS", "uri": "/contracts/gZhWD3F2JQS#distributions", "label": "Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2023-5)", "score": 34.7796020508, "published": true}, {"hash": "gknVTHBE83O", "uri": "/contracts/gknVTHBE83O#distributions", "label": "Sale and Servicing Agreement (Santander Drive Auto Receivables Trust 2023-1)", "score": 34.0650253296, "published": true}], "hash": "b299b176f2382b22db744b224e29998b", "id": 4}, {"size": 357, "snippet_links": [{"key": "in-case", "type": "clause", "offset": [0, 7]}, {"key": "the-company-shall", "type": "clause", "offset": [8, 25]}, {"key": "record-date", "type": "definition", "offset": [32, 43]}, {"key": "a-distribution", "type": "clause", "offset": [62, 76]}, {"key": "holders-of", "type": "clause", "offset": [84, 94]}, {"key": "the-preferred-shares", "type": "clause", "offset": [95, 115]}, {"key": "in-connection-with", "type": "clause", "offset": [154, 172]}, {"key": "consolidation-or-merger", "type": "clause", "offset": [175, 198]}, {"key": "surviving-corporation", "type": "clause", "offset": [241, 262]}, {"key": "evidences-of-indebtedness", "type": "clause", "offset": [267, 292]}, {"key": "rate-of", "type": "clause", "offset": [405, 412]}, {"key": "regular-periodic-cash-dividends", "type": "definition", "offset": [482, 513]}, {"key": "income-per-share", "type": "definition", "offset": [596, 612]}, {"key": "payment-of", "type": "definition", "offset": [681, 691]}, {"key": "for-purposes-of-this-agreement", "type": "definition", "offset": [766, 796]}, {"key": "the-provisions-of-section", "type": "clause", "offset": [818, 843]}, {"key": "convertible-securities", "type": "definition", "offset": [859, 881]}, {"key": "rights-or-warrants", "type": "clause", "offset": [899, 917]}, {"key": "the-purchase-price", "type": "clause", "offset": [965, 983]}, {"key": "in-effect", "type": "clause", "offset": [990, 999]}, {"key": "price-of-the", "type": "clause", "offset": [1201, 1213]}, {"key": "pursuant-to-section", "type": "definition", "offset": [1246, 1265]}, {"key": "the-fair-market-value", "type": "clause", "offset": [1298, 1319]}, {"key": "in-good-faith", "type": "definition", "offset": [1335, 1348]}, {"key": "board-of-directors-of-the-company", "type": "definition", "offset": [1356, 1389]}, {"key": "the-rights-agent", "type": "clause", "offset": [1456, 1472]}, {"key": "applicable-to", "type": "clause", "offset": [1614, 1627]}, {"key": "in-no-event-shall", "type": "clause", "offset": [1812, 1829]}, {"key": "paid-upon", "type": "definition", "offset": [1854, 1863]}, {"key": "exercise-of", "type": "clause", "offset": [1868, 1879]}, {"key": "capital-stock-of-the-company", "type": "clause", "offset": [1944, 1972]}, {"key": "upon-exercise", "type": "clause", "offset": [1986, 1999]}, {"key": "in-the-event", "type": "clause", "offset": [2100, 2112]}], "snippet": "In case the Company shall fix a record date for the making of a distribution to all holders of the Preferred Shares (including any such distribution made in connection with a consolidation or merger in which the Company is the continuing or surviving corporation) of evidences of indebtedness, cash, securities or assets (other than a regular periodic cash dividend at a rate not in excess of 125% of the rate of the last regular periodic cash dividend theretofore paid or, in case regular periodic cash dividends have not theretofore been paid, at a rate not in excess of 50% of the average net income per share of the Company for the four quarters ended immediately prior to the payment of such dividend, or a dividend payable in Preferred Shares (which dividend, for purposes of this Agreement, shall be subject to the provisions of Section 11.1.1(A))) or convertible securities, or subscription rights or warrants (excluding those referred to in Section 11.2), the Purchase Price to be in effect after such record date shall be determined by multiplying the Purchase Price in effect immediately prior to such record date by a fraction, the numerator of which shall be the current per share market price of the Preferred Shares (as determined pursuant to Section 11.4) on such record date, less the fair market value (as determined in good faith by the Board of Directors of the Company, whose determination shall be described in a statement filed with the Rights Agent) of the portion of the cash, assets, securities or evidences of indebtedness so to be distributed or of such subscription rights or warrants applicable to one Preferred Share and the denominator of which shall be such current per share market price of the Preferred Shares (as determined pursuant to Section 11.4); PROVIDED, HOWEVER, that in no event shall the consideration to be paid upon the exercise of one Right be less than the aggregate par value of the shares of capital stock of the Company to be issued upon exercise of one Right. Such adjustments shall be made successively whenever such a record date is fixed; and in the event that such distribution is not so made, the Purchase Price shall again be adjusted to be the Purchase Price which would then be in effect if such record date had not been fixed.", "samples": [{"hash": "lGAPfntpDJf", "uri": "/contracts/lGAPfntpDJf#distributions", "label": "Rights Agreement (Beverly Enterprises Inc)", "score": 18.0, "published": true}, {"hash": "kXWhXR9ExGd", "uri": "/contracts/kXWhXR9ExGd#distributions", "label": "Rights Agreement (Park Place Entertainment Corp)", "score": 18.0, "published": true}, {"hash": "kQUkrDS7zi8", "uri": "/contracts/kQUkrDS7zi8#distributions", "label": "Rights Agreement (Geron Corporation)", "score": 18.0, "published": true}], "hash": "ca0bcfe26b45323247a67a44b877c8d0", "id": 9}, {"size": 409, "snippet_links": [{"key": "order-of-priority", "type": "clause", "offset": [78, 95]}, {"key": "remic-ii", "type": "clause", "offset": [132, 140]}, {"key": "remic-i-regular-interests", "type": "definition", "offset": [159, 184]}, {"key": "the-distribution-account", "type": "clause", "offset": [203, 227]}, {"key": "holders-of", "type": "clause", "offset": [251, 261]}, {"key": "class-r", "type": "definition", "offset": [266, 273]}, {"key": "the-case", "type": "definition", "offset": [293, 301]}, {"key": "equal-to", "type": "definition", "offset": [416, 424]}, {"key": "interest-for", "type": "definition", "offset": [448, 460]}, {"key": "distribution-dates", "type": "definition", "offset": [556, 574]}, {"key": "first-distribution-date", "type": "definition", "offset": [583, 606]}, {"key": "interest-accrued", "type": "clause", "offset": [656, 672]}, {"key": "certificate-principal-balance", "type": "clause", "offset": [680, 709]}, {"key": "through-rate", "type": "clause", "offset": [730, 742]}, {"key": "amounts-payable", "type": "clause", "offset": [744, 759]}, {"key": "in-respect-of", "type": "definition", "offset": [787, 800]}, {"key": "remic-i-overcollateralized-amount", "type": "definition", "offset": [858, 891]}, {"key": "remic-i-required-overcollateralized-amount", "type": "definition", "offset": [909, 951]}, {"key": "lesser-of", "type": "definition", "offset": [960, 969]}, {"key": "deferral-amount", "type": "definition", "offset": [1054, 1069]}, {"key": "the-certificate", "type": "clause", "offset": [1162, 1177]}, {"key": "available-distribution-amount", "type": "definition", "offset": [1327, 1356]}, {"key": "the-distributions", "type": "clause", "offset": [1390, 1407]}, {"key": "pursuant-to-clauses", "type": "clause", "offset": [1413, 1432]}, {"key": "principal-payments", "type": "clause", "offset": [1797, 1815]}, {"key": "allocated-to", "type": "definition", "offset": [1820, 1832]}, {"key": "corresponding-certificates", "type": "definition", "offset": [1837, 1863]}, {"key": "the-distribution-date", "type": "definition", "offset": [2018, 2039]}, {"key": "following-the", "type": "definition", "offset": [2052, 2065]}, {"key": "expiration-of-the", "type": "clause", "offset": [2066, 2083]}, {"key": "prepayment-charge", "type": "definition", "offset": [2091, 2108]}, {"key": "mortgage-loan-schedule", "type": "clause", "offset": [2135, 2157]}, {"key": "overcollateralization-reduction-amount", "type": "definition", "offset": [2289, 2327]}, {"key": "to-holders", "type": "clause", "offset": [2347, 2357]}], "snippet": "(a) (1)(A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC I to REMIC II on account of the REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R-I Certificates, as the case may be:\n(i) to the Holders of REMIC I Regular Interests (other than REMIC I Regular Interest I-LTP), in an amount equal to (A) the Uncertificated Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. On the first Distribution Date, the Class R-I Certificates shall be entitled to interest accrued on its Certificate Principal Balance at the related Pass-Through Rate. Amounts payable as Uncertificated Interest in respect of REMIC I Regular Interest I-LT6 shall be reduced when the REMIC I Overcollateralized Amount is less than the REMIC I Required Overcollateralized Amount, by the lesser of (x) the amount of such difference and (y) the Maximum I-LT6 Uncertificated Interest Deferral Amount; and\n(ii) (x) on the first Distribution Date, to the Holders of the Class R-I Certificates, the Certificate Principal Balance thereof and (y) on each Distribution Date, to the Holders of REMIC I Regular Interests, in an amount equal to the remainder of the Available Distribution Amount for such Distribution Date after the distributions made pursuant to clauses (i) and (ii)(x) above, allocated as follows (except as provided below):\n(a) to the Holders of the REMIC I Regular Interest I-LT1, 98.00% of such remainder;\n(b) to the Holders of the REMIC I Regular Interest I-LT2, REMIC I Regular Interest I-LT3, REMIC I Regular Interest I-LT4 and REMIC I Regular Interest I-LT5, 1.00% of such remainder, in the same proportion as principal payments are allocated to the Corresponding Certificates;\n(c) to the Holders of the REMIC I Regular Interest I-LT6, 1.00% of such remainder; and\n(d) to the Holders of the REMIC I Regular Interest I-LTP, $100 on the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Mortgage Loan Schedule or any Distribution Date thereafter; provided, however, that 98.00% and 2.00% of any principal payments that are attributable to a Overcollateralization Reduction Amount shall be allocated to Holders of the REMIC I Regular Interest I-LT1 and REMIC I Regular Interest I-LT6, respectively.", "samples": [{"hash": "hxtHnBeQObr", "uri": "/contracts/hxtHnBeQObr#distributions", "label": "Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1998-Nc6)", "score": 18.0, "published": true}, {"hash": "gWETnhGdV8f", "uri": "/contracts/gWETnhGdV8f#distributions", "label": "Pooling and Servicing Agreement (Asset Backed Floating Rate Certificates Series 1998-Opt2)", "score": 18.0, "published": true}, {"hash": "eY50Gsahvq0", "uri": "/contracts/eY50Gsahvq0#distributions", "label": "Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Cert Series 1998-Opt1)", "score": 18.0, "published": true}], "hash": "ad152ad615a28cd0178728100df6cb10", "id": 6}], "next_curs": "ClYSUGoVc35sYXdpbnNpZGVyY29udHJhY3RzcjILEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhZkaXN0cmlidXRpb25zIzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"title": "Distributions", "size": 52284, "parents": [["negative-covenants", "NEGATIVE COVENANTS"], ["distributions", "Distributions"], ["miscellaneous", "Miscellaneous"], ["allocations-and-distributions", "Allocations and Distributions"], ["covenants", "Covenants"]], "children": [["distributions", "Distributions"], ["distributions-in-kind", "Distributions in Kind"], ["tax-distributions", "Tax Distributions"], ["amounts-withheld", "Amounts Withheld"], ["", ""]], "id": "distributions", "related": [["liquidating-distributions", "Liquidating Distributions", "Liquidating <strong>Distributions</strong>"], ["dividends-distributions", "DIVIDENDS, DISTRIBUTIONS", "DIVIDENDS, <strong>DISTRIBUTIONS</strong>"], ["no-distributions", "No Distributions", "No <strong>Distributions</strong>"], ["payment-of-dividends-or-distributions", "PAYMENT OF DIVIDENDS OR DISTRIBUTIONS", "PAYMENT OF DIVIDENDS OR <strong>DISTRIBUTIONS</strong>"], ["distributions-upstream-payments", "Distributions; Upstream Payments", "<strong>Distributions</strong>; Upstream Payments"]], "related_snippets": [], "updated": "2026-08-13T05:46:16+00:00"}, "json": true, "cursor": ""}}