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: (i) to the Trustee, the Trustee Fee for such Distribution Date; (ii) concurrently, to the Class A-1F, Class A-2F and Class A-1A Certificates, pro rata, the applicable Accrued Certificate Interest for such Distribution Date; (iii) concurrently, to the Class A-1A, Class A-2F and Class A-1A Certificates, pro rata, the applicable Interest Carry Forward Amount for the Class A-1F, Class A-2F and Class A-1A Certificates, respectively; (iv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (v) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (vi) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (vii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp), Pooling and Servicing Agreement (Asset Backed Funding Corp)
Interest Distributions. On each Distribution Date, the Trustee 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 Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available:
(i) to the TrusteeCredit Risk Manager, the Trustee Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the Class A-1FAI-1A, Class A-2F AI-1B, Class AI-2, Class AI-3, Class AI-4, Class AI-5, Class AI-6, Class AI-7, Class AI-8 and Class A-1A AI-9 Certificates, pro ratarata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(B) concurrently, from the Group II Interest Remittance Amount, to the Class AII-1A and Class AII-1B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date; and
(C) concurrently, from the Group III Interest Remittance Amount, to the Class AIII-1, Class AIII-2 and Class AIII-3 Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the Class A-1AAI-1A, Class A-2F AI-1B, Class AI-2, Class AI-3, Class AI-4, Class AI-5, Class AI-6, Class AI-7, Class AI-8 and Class A-1A AI-9 Certificates, pro ratarata (based on the Interest Carry Forward Amount for each such Class), the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(B) concurrently, from the Group II Interest Remittance Amount, to the Class A-1FAII-1A and Class AII-1B Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), the Interest Carry Forward Amount thereon for such Distribution Date; and
(C) concurrently, from the Group III Interest Remittance Amount, to the Class AIII-1, Class A-2F AIII-2 and Class A-1A AIII-3 Certificates, respectivelypro rata (based on the Interest Carry Forward Amount for each such Class), the Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class AII and the Class AIII Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (ii) above;
(B) from the Group II Interest Remittance Amount, to the Class AI and the Class AIII Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (ii) above; and
(C) from the Group III Interest Remittance Amount, to the Class AI and the Class AII Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (ii) above;
(v) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class AII and the Class AIII Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (iii) above;
(B) from the Group II Interest Remittance Amount, to the Class AI and the Class AIII Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (iii) above; and
(C) from the Group III Interest Remittance Amount, to the Class AI and the Class AII Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (iii) above;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) concurrently, to the Class M-8A and Class M-8B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixv) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereofClass M-10 Certificates, the Accrued Certificate Interest thereon for such Distribution Date.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Wells Fargo Asset Securities Corp), Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2004-2 Trust)
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1FAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AF-1, Class AF-2, Class AF-3 and Class AF-4 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1AAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Interest Carry Forward Amount for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class A-1FAF-1, Class A-2F AF-2, Class AF-3 and Class A-1A AF-4 Certificates, respectivelypro rata, the applicable Interest Carry Forward Amount for such Distribution Date;
(iv) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class AF-1, Class AF-2, Class AF-3 and Class AF-4 Certificates, pro rata, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AV-1, Class AV-2 and Class AV-3 Certificates, pro rata, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date;
(v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixvi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, to the Class A-1F, Class A-2F A and Class A-1A A-IO Certificates, pro rataPRO RATA, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, to the Class A-1A, Class A-2F A and Class A-1A A-IO Certificates, pro rataPRO RATA, the applicable Interest Carry Forward Amount for the Class A-1F, Class A-2F A and Class A-1A A-IO Certificates, respectively;
(iv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(v) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vi) to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viiix) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof. With respect to any distributions to be made on the Class B-1 Certificates or the Class B-3 Certificates pursuant to this Section 4.01, such distributions will be made first, on the Class B-1 Interest or the Class B-3 Interest, as applicable, and then, on the related Class of Certificates.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Solomon Mortgage Ln Tr Ser 2002-Cb3 C-Bass MRT Ln as BCK Cer)
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, to the Class A-1FA-1A, Class A-2F A-1F and Class A-1A A-2F Certificates, pro rata, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, to the Class A-1A, Class A-2F A-1F and Class A-1A A-2F Certificates, pro rata, the applicable Interest Carry Forward Amount for the Class A-1FA-1A, Class A-2F A-1F and Class A-1A A-2F Certificates, respectively;
(iv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(v) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vi) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(vii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group I Interest Remittance Amount and the Group II Interest Remittance Amount and apply it them 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, in each case to the extent availableof the Group I Interest Remittance Amount or the Group II Interest Remittance Amount, as applicable, remaining for such Distribution Date:
(a) the Group I Interest Remittance Amount will be distributed:
(i) first, to the Trustee, the portion of the Trustee Fee for such Distribution DateDate relating to the Group I Mortgage Loans;
(ii) second, concurrently, to the Class A-1F, Class A-2F and Class A-1A A-IO Certificates, pro ratathe Group I Class A-IO Interest Distribution and to the Class A-1 Certificates, the applicable Accrued Certificate Class Interest Distribution for such Distribution Datethe Class A-1 Certificates, allocated pro rata based on entitlement pursuant to this clause (a)(ii);
(iii) third, concurrently, to the Class A-1A, Class A-2F and Class A-1A A-IO Certificates, pro ratathe Group II Class A-IO Interest Distribution and to the Class A-2 Certificates, the applicable Class Interest Carry Forward Amount Distribution for the Class A-1F, Class A-2F and Class A-1A A-2 Certificates, respectivelyin each case to the extent not paid pursuant to clause (b)(ii) below, allocated pro rata based on entitlement pursuant to this clause (a)(iii);
(ivb) the Group II Interest Remittance Amount will be distributed:
(i) first, to the Trustee,the portion of the Trustee Fee for such Distribution Date relating to the Group II Mortgage Loans;
(ii) second, concurrently, to the Class A-IO Certificates, the Group II Class A-IO Interest Distribution and to the Class A-2 Certificates, the Class Interest Distribution for the Class A-2 Certificates, allocated pro rata based on entitlement pursuant to this clause (b)(ii);
(iii) third, concurrently, to the Class A-IO Certificates, the Group I Class A-IO Interest Distribution and to the Class A-1 Certificates, the Class Interest Distribution for the Class A-1 Certificates, in each case to the extent not paid pursuant to clause (a)(ii) above, allocated pro rata based on entitlement pursuant to this clause (b)(iii);
(c) any Group I Interest Remittance Amount and Group II Interest Remittance Amount remaining undistributed following the distributions pursuant to clauses (a) and (b) above will be distributed:
(i) first, to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) second, to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viiii) third, to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viiiv) fourth, to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(d) the amount, if any, of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Certs Ser 2002 Cb2)
Interest Distributions. On each Distribution Date, the Trustee 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 Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available:
(i) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the TrusteeClass AI-1A and Class AI-1B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the Trustee Fee applicable Accrued Certificate Interest thereon for such Distribution Date; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(ii) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the Class A-1F, Class A-2F AI-1A and Class A-1A AI-1B Certificates, pro ratarata (based on the Interest Carry Forward Amount for each such Class), the applicable Accrued Certificate Interest Carry Forward Amount thereon for such Distribution Date; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1AAII-1, Class A-2F AII-2 and Class A-1A AII-3 Certificates, pro ratarata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the applicable extent not distributed pursuant to clause (i) above; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class AI-1A and Class AI-1B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (i) above; and
(iv) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (ii) above; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class A-1F, Class A-2F AI-1A and Class A-1A AI-1B Certificates, respectivelypro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (ii) above;
(ivv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-10 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixv) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereofClass M-11 Certificates, the Accrued Certificate Interest thereon for such Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-3 Trust)
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:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date, and to the Insurer, the Premium for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount to the Class A-1F, Class A-2F A-1 and Class A-1A Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2 and Class A-3 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount to the Class A-1A, Class A-2F A-1 and Class A-1A Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-1FA-2 and Class A-3 Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-2F A-1 and Class A-1A Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 and Class A-1A Certificates, respectivelypro rata, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 and Class A-3 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2 Certificates and the Class A-3 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(ivv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 and Class A-1A Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 and Class A-1A Certificates, pro rata, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 and Class A-3 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2 Certificates and the Class A-3 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp Abfc Asset Back Cert Ser 2003 Opt1)
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:
(i) From the Group I Interest Remittance Amount,
(A) to the TrusteeClass A-I-1 Certificates, the Trustee Fee related Accrued Certificate Interest Distribution Amount and any related Unpaid Interest Amounts for such Class on that Distribution Date;; and
(iiB) concurrently, to the Class A-1FA-II-1, Class A-2F A-II-2 and Class A-1A A-II-3 Certificates, pro rataPRO RATA, the applicable related Accrued Certificate Interest Distribution Amount or Unpaid Interest Amounts remaining undistributed for such Classes on that Distribution DateDate after the distributions in clause (ii) below;
(iiiii) From the Group II Interest Remittance Amount:
(A) concurrently, to the Class A-1AA-II-1, Class A-2F A-II-2 and Class A-1A A-II-3 Certificates, pro rataPRO RATA, the applicable related Accrued Certificate Interest Carry Forward Distribution Amount and any related Unpaid Interest Amounts for such Classes on that Distribution Date; and
(B) to the Class A-1F, Class A-2F and Class A-1A A-I-1 Certificates, respectively;the related Accrued Certificate Interest Distribution Amount or Unpaid Interest Amounts remaining undistributed for such Class on that Distribution Date after distributions pursuant to clause (i) above; and
(iviii) From the remaining Group I Interest Remittance Amount and Group II Interest Remittance Amount:
(A) to the Class M-1 Certificates, the Accrued Certificate Interest thereon Distribution Amount for such the Class on the Distribution Date;
(vB) to the Class M-2 Certificates, the Accrued Certificate Interest thereon Distribution Amount for such the Class on the Distribution Date;
(viC) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon Distribution Amount for such the Class on the Distribution Date;
(D) to the Class M-4 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(E) to the Class M-5 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(F) to the Class M-6 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(G) to the Class M-7 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(H) to the Class M-8 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(I) to the Class M-9 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(J) to the Class M-10 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date; and
(viiK) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereofClass M-11 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Home Equity Mortgage Loan Asset-Backed Trust, Series INABS 2005-C)
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1F, Class A-2F AV-1 and Class A-1A AV-2 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AF-1, Class AF-2, Class AF-3 and Class AF-4 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1A, Class A-2F AV-1 and Class A-1A AV-2 Certificates, pro rata, the applicable Interest Carry Forward Amount for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class A-1FAF-1, Class A-2F AF-2, Class AF-3 and Class A-1A AF-4 Certificates, respectivelypro rata, the applicable Interest Carry Forward Amount for such Distribution Date;
(iv) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class AF-1, Class AF-2, Class AF-3 and Class AF-4 Certificates, pro rata, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AV-1 and Class AV-2 Certificates, pro rata, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date;
(v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixi) to the Class B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class B-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xiii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1FAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Accrued Certificate Interest for such Distribution Date; and
(B) from the Group II Interest Remittance Amount to the Class AF-1A, Class AF-1B, Class AF-1C, Class AF-2, Class AF-3 and Class AF-4 Certificates, pro rata, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, pro rata, all applicable Interest Carry Forward Amounts for such Distribution Date to the Class A-1AAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates; and
(B) from the Group II Interest Remittance Amount, pro rata, all applicable Interest Carry Forward Amounts for such Distribution Date to the Class AF-1A, Class AF-1B, Class AF-1C, Class AF-2, Class AF-3 and the Class AF-4 Certificates;
(iv) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, pro rata, to the Class AF-1A, Class AF-1B, Class AF-1C, Class AF-2, Class AF-3 and Class AF-4 Certificates, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AV-1, Class AV-2 and Class AV-3 Certificates, pro rata, the applicable any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for the such Class A-1F, Class A-2F and Class A-1A Certificates, respectivelyfor such Distribution Date;
(ivv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class B-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class B-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixv) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb3)
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:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date and to the Insurer, the Premium for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1FA-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2, Class A-2F A-3 and Class A-1A A-4 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1AA-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2, Class A-2F A-3 and Class A-1A A-4 Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for the Class A-1F, Class A-2F and Class A-1A Certificates, respectivelysuch Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2, Class A-3 and Class A-4 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2, Class A-3 and Class A-4 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2, Class A-3 and Class A-4 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1FAF-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1AAF-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date for the Class AF-1 Certificates; and
(B) from the Group II Interest Remittance Amount, to the Class AV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Interest Carry Forward Amount for such Distribution Date for the Class A-1FAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, respectively;
(iv) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class AV-1, Class AV-2 and Class AV-3 Certificates, pro rata, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AF-1 Certificates, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for such Class for such Distribution Date;
(v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixi) to the Class B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp C Bass Mor Ln as Bk Ce Se 2004 Cb1)
Interest Distributions. On each Distribution Date, the Trustee Certificate 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 Trustee Certificate Administrator may conclusively rely), and the calculations required to be made by the TrusteeCertificate Administrator, to the extent available:
(i) to the Certificate Administrator on behalf of itself and the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, to the Class A-1FA-1A, Class A-2F A-2A, Class A-2B and Class A-1A A-IO Certificates, pro rata, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, to the Class A-1A, Class A-2F A-2A, Class A-2B and Class A-1A A-IO Certificates, pro rata, the applicable Interest Carry Forward Amount for the Class A-1FA-1A, Class A-2F A-2A, Class A-2B and Class A-1A A-IO Certificates, respectively;
(iv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(v) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vi) to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viiviii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Certs Ser 2002 Cb1)
Interest Distributions. (a) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group I 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:
(i) to ▇▇▇▇▇▇▇ Mac, the sum of (a) the Guarantee Fee for such Distribution Date and (b) any Guarantor Reimbursement Amount then due;
(ii) to the Trustee, the Trustee Fee for Loan Group I for such Distribution Date;
(iii) to the Class AV-1 Certificates, the Accrued Certificate Interest for the Class AV-1 Certificates for such Distribution Date; and
(iv) to the Class AV-1 Certificates, the Interest Carry Forward Amount for the Class AV-1 Certificates.
(b) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the sum of the Group II Interest Remittance Amount and the Group I Interest Remittance Amount remaining after the distributions in clauses (a)(i) through (a)(iv) above 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:
(i) to the Trustee, the Trustee Fee for Loan Group II for such Distribution Date;
(ii) concurrently, to the Class A-1FAF-1, Class A-2F AF-2, Class AF-3, Class AF-4 and Class A-1A A-IO Certificates, pro rata, the applicable Accrued Certificate Interest for the Class AF-1, Class AF-2, Class AF-3, Class AF-4 and Class A-IO Certificates, respectively, for such Distribution Date;
(iii) concurrently, to the Class A-1AAF-1, Class A-2F AF-2, Class AF-3, Class AF-4 and Class A-1A A-IO Certificates, pro rata, the applicable Interest Carry Forward Amount for the Class A-1FAF-1, Class A-2F AF-2, Class AF-3, Class AF-4 and Class A-1A A-IO Certificates, respectively;
(iv) to the Class AV-1 Certificates, the remaining Accrued Certificate Interest and the remaining Interest Carry Forward Amount for the Class AV-1 Certificates that was not distributed pursuant to clause (a) above;
(v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viix) the amount, if any, of the Aggregate Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied in the form of the Monthly Excess Cashflow Amount as described under Section 4.02(b) hereof. With respect to any distributions to be made on the Class B-3 Certificates pursuant to this Section 4.01, such distributions will be made first, on the Class B-3 Interest and then, on the Class B-3 Certificates.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Residential Asset Funding Corp)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group 1 Interest Remittance Amount, the Group 2 Interest Remittance Amount and the Group 3 Interest Remittance Amount and apply it them 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), in each case to the extent availableof the Group 1 Interest Remittance Amount, the Group 2 Interest Remittance Amount or the Group 3 Interest Remittance Amount, as applicable, remaining for such Distribution Date:
(a) the Group 1 Interest Remittance Amount will be distributed:
(i) first, to the Trustee, the portion of the Trustee Fee for such Distribution DateDate relating to the Group 1 Mortgage Loans;
(ii) second, concurrently, to the Class A-1F, Class A-2F and Class A-1A A-IO Certificates, pro rata, the applicable Accrued Certificate Group 1 Class A-IO Interest Component Amount for such Distribution Date;
(iii) concurrently, to Date and the Class A-1A, Class A-2F and Class A-1A Certificates, pro rata, the applicable Interest Carry Forward Amount for the Group 1 Class A-1F, A-IO Interest Component and Distribution Date and to the Class A-2F and Class A-1A 1-A1 Certificates, respectivelythe Accrued Certificate Interest and any Interest Carry Forward Amount for such Class and Distribution Date, allocated pro rata based on entitlement pursuant to this clause (a)(ii);
(iviii) third, concurrently, (1) to the Class A-IO Certificates, the Group 2 Class A-IO Interest Component Amount, the Group 3 Class A-IO Interest Component Amount and the Interest Carry Forward Amounts for the Group 2 and Group 3 Class A-IO Interest Components, in each case for such Distribution Date, (2) to the Class 2-A1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and such Distribution Date, and (3) to the Class 3-F1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and such Distribution Date, in each case to the extent not paid pursuant to clauses (b)(ii) and (c)(ii) below, allocated pro rata based on entitlement pursuant to this clause (a)(iii)
(b) the Group 2 Interest Remittance Amount will be distributed:
(i) first, to the Trustee, the portion of the Trustee Fee for such Distribution Date relating to the Group 2 Mortgage Loans;
(ii) second, concurrently, to the Class A-IO Certificates, the Group 2 Class A-IO Interest Component Amount for such Distribution Date and the Interest Carry Forward Amount for the Group 2 Class A-IO Interest Component and Distribution Date and to the Class 2-A1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and Distribution Date, allocated pro rata based on entitlement pursuant to this clause (b)(ii); and
(iii) third, concurrently, (1) to the Class A-IO Certificates, the Group 1 Class A-IO Interest Component Amount, the Group 3 Class A-IO Interest Component Amount and the Interest Carry Forward Amounts for the Group 1 and Group 3 Class A-IO Interest Components, in each case for such Distribution Date, (2) to the Class 1-A1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and such Distribution Date, and (3) to the Class 3-F1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and such Distribution Date, in each case to the extent not paid pursuant to clause (a)(ii) above and clause (c)(ii) below, allocated pro rata based on entitlement pursuant to this clause (b)(iii);
(c) the Group 3 Interest Remittance Amount will be distributed:
(i) first, to the Trustee, the portion of the Trustee Fee for such Distribution Date relating to the Group 3 Mortgage Loans;
(ii) second, concurrently, to the Class A-IO Certificates, the Group 3 Class A-IO Interest Component Amount for such Distribution Date and the Interest Carry Forward Amount for the Group 3 Class A-IO Interest Component and Distribution Date and to the Class 3-F1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and Distribution Date, allocated pro rata based on entitlement pursuant to this clause (c)(ii); and
(iii) third, concurrently, (1) to the Class A-IO Certificates, the Group 1 Class A-IO Interest Component Amount, the Group 2 Class A-IO Interest Component Amount and the Interest Carry Forward Amounts for the Group 1 and Group 2 Class A-IO Interest Components, in each case for such Distribution Date, (2) to the Class 1-A1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and such Distribution Date, and (3) to the Class 2-A1 Certificates, the Accrued Certificate Interest and Interest Carry Forward Amount for such Class and such Distribution Date, in each case to the extent not paid pursuant to clauses (a)(ii) and (b)(ii) above, allocated pro rata based on entitlement pursuant to this clause (c)(iii);
(d) any Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount remaining undistributed following the distributions pursuant to clauses (a) and (b) above will be distributed:
(i) first, to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) second, concurrently to the Class M-2 M-2V and M-2F Certificates, the Accrued Certificate Interest thereon for such Distribution Date, allocated pro rata based on the Accrued Certificate Interest thereon;
(iii) third, to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viiv) fourth, to the Class B B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viiv) the amountfifth, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Financial Asset Sec Corp C Bass Mort Ln as Bk Ce Se 02-Cb6)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account (to the extent funds are available therein)
(1) the amount payable to the Trustee pursuant to Sections 3.12(b)(i) and (ii) and shall pay such funds to itself, and (2) 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 ReportServicer's Certificates, upon which the Trustee may conclusively rely)): first, and the calculations required to be made by the Trusteeconcurrently, to the extent availableas follows:
(i) to concurrently, from the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrentlySubgroup A Interest Remittance Amount, to the Class A-1F, Class A-2F A-1 Certificates and Class A-1A CertificatesA-3A Component, pro rata, the applicable Accrued Certificate Interest and Accrued Component Interest thereon for such Distribution Date;; and
(iiiii) concurrently, from the Subgroup B Interest Remittance Amount, to Class A-2 Certificates and Class A-3B Component, pro rata, the applicable Accrued Certificate Interest and Accrued Component Interest thereon for such Distribution Date; second, concurrently, as follows:
(i) concurrently, from the Subgroup A Interest Remittance Amount, to the Class A-1A, Class A-2F A-1 Certificates and Class A-1A CertificatesA-3A Component, pro rata, the applicable Interest Carry Forward Carryforward Amount thereon for such Distribution Date; and
(ii) concurrently, from the Subgroup B Interest Remittance Amount, to the Class A-1F, Class A-2F A-2 Certificates and Class A-1A CertificatesA-3B Component, respectively;pro rata, the applicable Interest Carryforward Amount thereon for such Distribution Date; third, concurrently, as follows:
(ivi) concurrently, from the Subgroup A Interest Remittance Amount to the Class A-2 Certificates and Class A-3B Component, pro rata, any unpaid Accrued Certificate Interest or Accrued Component Interest thereon for such Distribution Date; and
(ii) concurrently, from the Subgroup B Interest Remittance Amount to the Class A-1 Certificates and Class A-3A Component, pro rata, any unpaid Accrued Certificate Interest or Accrued Component Interest thereon for such Distribution Date; fourth, concurrently, as follows:
(i) concurrently, from the Subgroup A Interest Remittance Amount, to the Class A-2 Certificates and Class A-3B Component, pro rata, any unpaid Interest Carryforward Amount thereon for such Distribution Date; and
(ii) concurrently, from the Subgroup B Interest Remittance Amount, to the Class A-1 Certificates and Class A-3A Component, pro rata, any unpaid Interest Carryforward Amount thereon for such Distribution Date; fifth, to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(v) ; sixth, to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vi) ; seventh, to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(vii) eighth, to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; ninth, to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and tenth, the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b5.02(c) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Banc of America Funding Corp. 2005-C Trust)
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1FAF-1, Class A-2F AF-2 and Class A-1A CertificatesAF-3 Certificates and Class I-A-IO Component, pro rata, the applicable Accrued Certificate Interest for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, to the Class AV-1 and Class AV-2 Certificates and Class II-A-IO Component, pro rata, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, to the Class A-1AAF-1, Class A-2F AF-2 and Class A-1A CertificatesAF-3 Certificates and Class I-A-IO Component, pro rata, the applicable Interest Carry Forward Amount for the Class A-1FAF-1, Class A-2F AF-2 and Class A-1A CertificatesAF-3 Certificates and Class I-A-IO Components, respectively; and
(B) from the Group II Interest Remittance Amount, to the Class AV-1 and Class AV-2 Certificates and Class II-A-IO Component, pro rata, the applicable Interest Carry Forward Amount for the Class AV-1 and Class AV-2 Certificates and Class II-A-IO Components, respectively;
(iv) concurrently, as follows:
(A) if the Group I Interest Remittance Amount is insufficient to pay the Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AF-1, Class AF-2 and the Class AF-3 Certificates and the Class I-A-IO Component for such Distribution Date pursuant to clauses (ii)(A) and (iii)(A) above, concurrently from the remaining Group II Interest Remittance Amount following distributions pursuant to clauses (ii)(B) and (iii)(B) above, to the Class AF-1, Class AF-2 and the Class AF-3 Certificates and the Class I-A-IO Component, pro rata, to cover such shortfall for such Distribution Date; and
(B) if the Group II Interest Remittance Amount is insufficient to pay the Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AV-1 and Class AV-2 Certificates and the Class II-A-IO Component for such Distribution Date pursuant to clauses (ii)(B) and (iii)(B) above, concurrently from the remaining Group I Interest Remittance Amount following distributions pursuant to clauses (ii)(A) and (iii)(A) above, to the Class AV-1 and Class AV-2 Certificates and the Class II-A-IO Component, pro rata, to cover such shortfall for such Distribution Date;
(v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and;
(viiviii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Cert Series 2002-Cb5)
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:
(i) to the TrusteeCredit Risk Manager, the Trustee Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1FA-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2A, Class A-2F A-2B, Class A-2C and Class A-1A A-2D Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1AA-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2A, Class A-2F A-2B, Class A-2C and Class A-1A A-2D Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for the Class A-1F, Class A-2F and Class A-1A Certificates, respectivelysuch Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, pro rata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2A, Class A-2B, Class A-2C and Class A-2D Certificates, pro rata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class M-10 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xvi) to the Class M-11 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xvii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixix) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-He2)
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, to the Class A-1FAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, to the Class A-1AAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Interest Carry Forward Amount for such Distribution Date for the Class A-1FAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, respectively;
(iv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(v) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vi) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viix) to the Class B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
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:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date and to the Insurer, the Premium for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1FA-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2, Class A-2F A-3 and Class A-1A A-4 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1AA-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2, Class A-2F A-3 and Class A-1A A-4 Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for the Class A-1F, Class A-2F and Class A-1A Certificates, respectivelysuch Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2, Class A-3 and Class A-4 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-3, Class A-3 and Class A-4 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2, Class A-3 and Class A-4 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2, Class A-3 and Class A-4 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
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:
(i) to the Trustee, the Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, sequentially to (x) Component A-IO-1 and (y) the Class A-1FAF-1 Certificates, the applicable Accrued Certificate Interest for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, sequentially to (x) Component A-IO-2 and (y) the Class AV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, sequentially to (x) Component A-IO-1 and (y) the Class A-1AAF-1 Certificates, the applicable Interest Carry Forward Amount for such Distribution Date for Component A-IO-1 and the Class AF-1 Certificates, respectively; and
(B) from the Group II Interest Remittance Amount, sequentially to (x) Component A-IO-2 and (y) the Class AV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, pro rata, the applicable Interest Carry Forward Amount for such Distribution Date for Component A-IO-2 and the Class A-1FAV-1, Class A-2F AV-2 and Class A-1A AV-3 Certificates, respectively;
(iv) concurrently, as follows:
(A) from the Group I Interest Remittance Amount, sequentially, to (x) Component A-IO-2 and (y) the Class AV-1, Class AV-2 and Class AV-3 Certificates, pro rata, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date; and
(B) from the Group II Interest Remittance Amount, sequentially, to (x) Component A-IO-1 and (y) Class AF-1 Certificates, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date;
(v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vivii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
Interest Distributions. On each Distribution Date, the Trustee 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 ReportMaster Servicer's Certificate, upon which the Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available:
(i) to the TrusteeCredit Risk Manager, the Trustee Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, to the Class A-1F, Class A-2F A-1A and Class A-1A A-1B Certificates, pro ratarata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(b) concurrently, from the Group 2 Interest Remittance Amount, to the Class A-2A and Class A-2B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, to the Class A-1A, Class A-2F A-1A and Class A-1A A-1B Certificates, pro ratarata (based on the Interest Carry Forward Amount for each such Class), the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(b) concurrently, from the Group 2 Interest Remittance Amount, to the Class A-1F, Class A-2F A-2A and Class A-1A A-2B Certificates, respectivelypro rata (based on the Interest Carry Forward Amount for each such Class) the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1A and Class A-1B Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1A and Class A-1B Certificates, pro rata (based on the remaining Accrued Certificate Interest for each such Class), to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2A and Class A-2B Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2A and Class A-2B Certificates, pro rata (based on the remaining Accrued Certificate Interest for each such Class), to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1A and Class A-1B Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1A and Class A-1B Certificates, pro rata (based on the remaining Interest Carry Forward Amount for each such Class), to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2A and Class A-2B Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2A and Class A-2B Certificates, pro rata (based on the remaining Interest Carry Forward Amount for each such Class), to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixvi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (ABFC 2007-Wmc1 Trust)
Interest Distributions. On each Distribution Date, the Trustee 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 Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available:
(i) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the TrusteeClass AI-1, Class AI-2 and Class AI-3 Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the Trustee Fee applicable Accrued Certificate Interest thereon for such Distribution Date; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(ii) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the Class A-1FAI-1, Class A-2F AI-2 and Class A-1A AI-3 Certificates, pro ratarata (based on the Interest Carry Forward Amount for each such Class), the applicable Accrued Certificate Interest Carry Forward Amount thereon for such Distribution Date; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iii) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the Class A-1AAII-1, Class A-2F AII-2 and Class A-1A AII-3 Certificates, pro ratarata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the applicable extent not distributed pursuant to clause (i)(B) above; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class AI-1, Class AI-2 and Class AI-3 Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (i)(A) above; and
(iv) concurrently, as follows:
(A) concurrently, from the Group I Interest Remittance Amount, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (ii)(B) above; and
(B) concurrently, from the Group II Interest Remittance Amount, to the Class A-1FAI-1, Class A-2F AI-2 and Class A-1A AI-3 Certificates, respectivelypro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant clause (ii)(A) above;
(ivv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvi) to the Class M-1 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-2 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(ix) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-3 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(xi) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-4 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(xiii) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-5 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(xv) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xvi) to the Class M-6 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(xvii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xviii) to the Class M-7 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(xix) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xx) to the Class M-8 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(xxi) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xxii) to the Class M-9 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date;
(xxiii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xxiv) to the Class B-1 Certificates, the Interest Carry Forward Amount for such Class for such Distribution Date; and
(viixxv) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereofCredit Risk Manager, the Credit Risk Manager Fee.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-4 Trust)
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:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date and to the Insurer, the Premium for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1FA-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2, Class A-2F A-3 and Class A-1A A-4 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount to the Class A-1AA-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2, Class A-2F A-3 and Class A-1A A-4 Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for the Class A-1F, Class A-2F and Class A-1A Certificates, respectivelysuch Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2, Class A-3 and Class A-4 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2, Class A-3 and Class A-4 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2, Class A-3 and Class A-4 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2, Class A-3 and Class A-4 Certificates, pro rata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereofClass M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date.
Appears in 1 contract
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:
(i) Concurrently, to the Trustee, the Trustee Fee for such Distribution Date, and to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount to the Class A-1FA-1, Class A-2F AIO and Class A-1A AIO-INV Certificates, pro rata, the applicable Accrued Certificate Interest or (in the case of the Class AIO Certificates) the Group 1 Class AIO Accrued Certificate Interest for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2 Certificates and the Class AIO Certificates, pro rata, the Accrued Certificate Interest or (in the case of the Class AIO Certificates) the Group 2 Class AIO Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount to the Class A-1AA-1, Class A-2F AIO and Class A-1A AIO-INV Certificates, pro rata, the applicable Interest Carry Forward Amount for the Class A-1F, Class A-2F A-1 and Class A-1A AIO-INV Certificates or (in the case of the Class AIO Certificates) the Group 1 Class AIO Interest Carry Forward Amount for such Distribution Date; and
(b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2 Certificates and the Class AIO Certificates, respectivelypro rata, the Interest Carry Forward Amount for the Class A-2 Certificates or (in the case of the Class AIO Certificates) the Group 2 Class AIO Interest Carry Forward Amount for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 and Class AIO-INV Certificates' Accrued Certificate Interest or the Class AIO Certificates' Group 1 Class AIO Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount, to the Class A-1, Class AIO-INV and Class AIO Certificates, pro rata, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest or the Class AIO Certificates' Group 2 Class AIO Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2 Certificates and the Class AIO Certificates, pro rata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 and Class AIO-INV Certificates' Interest Carry Forward Amount or the Group 1 Class AIO Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount, to the Class A-1, Class AIO-INV and Class AIO Certificates, pro rata, to cover such shortfall for such Distribution Date; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount or the Group 2 Class AIO Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Class A-2 Certificates and the Class AIO Certificates, pro rata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vvii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viviii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(viixiii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Backed Funding Corp Abfc Asst BCKD Cert Ser 2002-Opt1)
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:
(i) From the Group I Interest Remittance Amount,
(A) to the TrusteeClass A-I Certificates, the Trustee Fee related Accrued Certificate Interest Distribution Amount and any related Unpaid Interest Amounts for such that Class on that Distribution Date;; and
(iiB) concurrently, to the Class A-1FA-II-1, Class A-2F A-II-2 and Class A-1A A-II-3 Certificates, pro rata, the applicable related Accrued Certificate Interest Distribution Amount or Unpaid Interest Amounts remaining undistributed for such Classes on that Distribution DateDate after the distributions in clause (ii) below;
(iiiii) From the Group II Interest Remittance Amount:
(A) concurrently, to the Class A-1AA-II-1, Class A-2F A-II-2 and Class A-1A A-II-3 Certificates, pro rata, the applicable related Accrued Certificate Interest Carry Forward Distribution Amount and any related Unpaid Interest Amounts for such Classes on that Distribution Date; and
(B) to the Class A-1F, Class A-2F and Class A-1A A-I Certificates, respectively;the related Accrued Certificate Interest Distribution Amount or Unpaid Interest Amounts remaining undistributed for such Class on that Distribution Date after distributions pursuant to clause (i) above; and
(iviii) From the remaining Group I Interest Remittance Amount and Group II Interest Remittance Amount:
(A) to the Class M-1 Certificates, the Accrued Certificate Interest thereon Distribution Amount for such the Class on the Distribution Date;
(vB) to the Class M-2 Certificates, the Accrued Certificate Interest thereon Distribution Amount for such the Class on the Distribution Date;
(viC) to the Class B M-3 Certificates, the Accrued Certificate Interest thereon Distribution Amount for such the Class on the Distribution Date;
(D) to the Class M-4 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(E) to the Class M-5 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(F) to the Class M-6 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(G) to the Class M-7 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(H) to the Class M-8 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date;
(I) to the Class M-9 Certificates, the Accrued Certificate Interest Distribution Amount for the Class on the Distribution Date; and
(vii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
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