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Interest Distributions
Sample Clauses
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Interest Distributions
. On each
Distribution Date
, the
Trustee shall
withdraw from
the Distribution Account
the
Interest Remittance Amount
and apply it in the following
order of priority
(based upon the Mortgage Loan
information provided
to it in the
Remittance Report
, upon which the Trustee may conclusively rely), and the calculations required to be made
by the Trustee
,
to the extent
available:
Sample 1
Sample 2
Sample 3
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Interest Distributions
. 91 Section 4.02
Distributions of Principal and Monthly Excess Cashflow Amounts
.................. 92
Sample 1
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Interest Distributions
. Section 4.02
Distributions of Principal and Monthly Excess Cashflow Amounts
. Section 4.03
Sample 1
Sample 2
Sample 3
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Interest Distributions
. On each
Distribution Date
,
the Securities Administrator
shall withdraw from
the Distribution Account
the
Interest Remittance Amount
and apply it in the following
order of priority
(based upon the Mortgage Loan
information provided
to it in the
Remittance Report
, upon which the Securities Administrator may conclusively rely), and the calculations required to be made by the Securities Administrator,
to the extent
available:
Sample 1
Sample 2
Sample 3
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Interest Distributions
. (i) From the
Group I Interest Remittance Amount
,
Sample 1
Sample 2
Sample 3
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Interest Distributions
. On each
Distribution Date
, the
Interest Remittance Amount
will be distributed in the following
order of priority
until such amounts have been fully distributed:
Sample 1
Sample 2
Sample 3
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Interest Distributions
. On each
Distribution Date
(including the
Expected Payment Date
),
Monthly Interest
will be distributed to
the Series
1997-1 Certificateholders as accrued
interest on the
1997-1 Certificates. To the extent any interest is due but not distributed on any such Distribution Date, such amount will be distributed on the following Distribution Date, along with,
to the extent permitted by law
, interest at the
Certificate Rate
on such amount.
Sample 1
Sample 2
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Interest Distributions
. (A) On each
Distribution Date
, the
Trustee shall
withdraw the
Group I Interest Remittance Amount
for such Distribution
Date from
the Distribution Account
and make the following distributions
in respect of
interest in the following
order of priority
:
Sample 1
Sample 2
Sample 3
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Interest Distributions
. On each Payment Date (including the
Expected Principal Payment Date
), amounts
on deposit
in
the Series
2010-1
Interest Funding Account
shall be distributed in the following manner, first, to the
Class A Noteholders
, accrued and unpaid interest on
the Class A Notes
for that Payment Date, second, to the
Class B Noteholders
, accrued and unpaid interest on the
Class B Notes
for that Payment Date, and third, to the
Class C Noteholders
, accrued and unpaid interest on the
Class C Notes
for that Payment Date. If there is a shortfall in the amounts required to be distributed
pursuant to the
preceding clauses first, second or third, then the amounts actually distributed pursuant to any such clause shall be shared among the
Persons entitled
thereto in proportion to the
amounts owing
such Persons.
Sample 1
Sample 2
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Interest Distributions
. On each
Distribution Date
(including the ----------------------
Expected Payment Date
),
Monthly Interest
, Non-
Use Fees
and
Additional Amounts
will be distributed as such to the
Series 2000
-VFC Certificateholders
to the extent
of the amount
on deposit
in
the Distribution Account
for such purpose.
Sample 1
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