Policy Matters. (a) As soon as possible, and in no event later than 11:00 a.m., New York time, on the second Business Day immediately preceding each Distribution Date, the Trustee shall determine the amount of funds available for such Distribution Date minus the amount of any FSA Premium and any fee to paid to the Trustee on such Distribution Date
Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Trustee determines that there will be a Deficiency Amount for such Distribution Date, the Trustee shall determine the amount of such Deficiency Amount and shall give notice to MBIA by telephone or telecopy of the amount of such deficiency confirmed in writing by the Notice of Nonpayment by 12:00 noon, New York City time on such third Business Day.
Policy Matters. Section 4.09 Calculation of Amounts; Binding Effect of Interpretations and Actions of Master Servicer............
Policy Matters. IV-11 SECTION 4.06. Monthly Statements to Certificateholders.............................................IV-14 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................IV-16 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates...........................IV-17 SECTION 4.09. Distributions for the Corridor Contract Reserve Fund.................................IV-10 ARTICLE V THE CERTIFICATES SECTION 5.01. The Certificates.......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates......................................V-5 SECTION 5.04. Persons Deemed Owners..................................................................V-6 SECTION 5.05. Access to List of Certificateholders' Names and Addresses..............................V-6 SECTION 5.06. Maintenance of Office or Agency........................................................V-6
Policy Matters. ARTICLE VI
Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Securities Administrator notifies the Trustee that a Deficiency Amount exists on such Distribution Date, the Trustee shall give notice to MBIA and the Fiscal Agent (as defined in the Policy), if any, by telephone or telecopy of the amount of such Deficiency Amount, confirmed in writing by notice substantially in the form of Exhibit A to the Policy by 12:00 noon, New York City time on such third Business Day. The Trustee's responsibility for delivering the notice to MBIA as provided in the preceding sentence is contingent upon its receipt of available, timely and accurate information from the Master Servicer.
Policy Matters. (a) If, on the second Business Day before any Distribution Date, the Trustee determines that there will be a Class A-2 Distribution Deficiency for such Distribution Date, the Trustee shall determine the amount of such Class A-2 Distribution Deficiency and shall give notice to Ambac by telephone or telecopy of the amount of such deficiency confirmed in writing by the Notice of Nonpayment by 12:00 noon, New York City time on such second Business Day.
Policy Matters. (a) If, on the third Business Day before any Distribution Date, the Trustee determines that the Available Funds for such Distribution Date distributable to the Holders of the Class 1-A-3 Certificates pursuant to Section 4.02 will be insufficient to pay the Required Distributions on such Distribution Date, the Trustee shall determine the amount of any such deficiency and shall give notice to MBIA and the Fiscal Agent (as defined in the Class 1-A-3 Policy), if any, by telephone or telecopy of the amount of such deficiency, confirmed in writing by notice substantially in the form of Exhibit A to the Class 1-A-3 Policy by 12:00 noon, New York City time on such third Business Day.
Policy Matters. (a) As soon as possible, and in no event later than 11:00 a.m., New York time, on the third Business Day immediately preceding each Distribution Date, the Trustee shall determine the amount of funds available for such Distribution Date minus the amount of any FSA Premium and any Trustee Fee to be paid on such Distribution Date. If for any Distribution Date the Trustee determines that the funds available for distribution to the Holders of the Class A Certificates pursuant to Section 4.02 will be insufficient to pay the Guaranteed Distribution, the Trustee shall complete a notice in the form set forth as Exhibit A to the FSA Policy (the "Notice") and shall submit such Notice to the Fiscal Agent no later than 12:00 noon, New York time, on the third Business Day preceding such Distribution Date. The Notice shall constitute a claim for an Insured Payment pursuant to the FSA Policy. Upon receipt of the Insured Payment, at or prior to the latest time payments of the Insured Payment are to be made by the FSA pursuant to the FSA Policy, on behalf of the Holders of the Class A Certificates, the Trustee shall deposit such Insured Payments in the Distribution Account and shall distribute such Insured Payments only in accordance with Section 4.02, if applicable.
Policy Matters. 79 ARTICLE V THE CERTIFICATES SECTION 5.01 The Certificates.............................................................83 SECTION 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates.................................................................83 SECTION 5.03 Mutilated, Destroyed, Lost or Stolen Certificates............................88 SECTION 5.04 Persons Deemed Owners........................................................88 SECTION 5.05 Access to List of Certificateholders' Names and Addresses....................88 SECTION 5.06 Maintenance of Office or Agency..............................................89
