Principal Distributions on the Special Retail Certificates Sample Clauses

Principal Distributions on the Special Retail Certificates. Prior to the earlier of (1) the Senior Credit Support Depletion Date and (2) the date on which any Realized Loss is allocated to any Class of Special Retail Certificates, distributions in reduction of the Class Certificate Balance of such Class will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 5.09(a) and Section 5.09(d). On and after the earlier of (A) the Senior Credit Support Depletion Date and (B) the date on which any Realized Loss is allocated to any Class of Special Retail Certificates, distributions in reduction of the Class Certificate Balances of such Class will be made on a pro rata basis pursuant to Section 5.09(e).
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Principal Distributions on the Special Retail Certificates. Prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of such Class and at the request of Living Holders of Certificates of such Class or by mandatory distributions, pursuant to Section 4.07(a) and Section 4.07(d). On and after the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of the Special Retail Certificates will be made on a pro rata basis pursuant to Section 4.07(e).
Principal Distributions on the Special Retail Certificates. Unless MBIA fails to make an Insured Payment under the Policy in respect of principal, distributions in reduction of the Class Certificate Balance of the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of the Special Retail Certificates and at the request of Living Holders of Special Retail Certificates or by mandatory distributions, pursuant to Section 5.09(a) and Section 5.09(d). If MBIA fails to make an Insured Payment under the Policy in respect of principal, distributions in reduction of the Class Certificate Balance will be made on a pro rata basis pursuant to Section 5.09(e).
Principal Distributions on the Special Retail Certificates. Distributions in reduction of the Certificate Principal Balance of any Class of Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of such Class and at the request of Living Holders of Certificates of such Class or by mandatory distributions, pursuant to Section 4.06(a) and Section 4.06(d).
Principal Distributions on the Special Retail Certificates. With respect to each Class of Special Retail Certificates, prior to the Credit Support Depletion Date, distributions in reduction of the Class Principal Balance of such Class will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of such Class and at the request of Living Holders of Certificates of such Class or by mandatory distributions, pursuant to Section 4.07(a) and Section 4.07(d). On and after the Credit Support Depletion Date, distributions in reduction of the Class Principal Balance of such Class will be made on a pro rata basis pursuant to Section 4.07(e).
Principal Distributions on the Special Retail Certificates. Unless the Class 1-A-3 Insurer fails to make an Insured Payment in respect of principal in respect of the Class 1-A-3 Certificates, distributions in reduction of the Class Principal Balance of the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of such Class and at the request of Living Holders of Certificates of such Class or by mandatory distributions, pursuant to Section 4.06(a) and Section 4.06(d). If the Class 1-A-3 Insurer fails to make an Insured Payment under the Class 1-A-3 Policy in respect of principal in respect of the Class 1-A-3 Certificates, distributions in reduction of the Certificate Principal Balance of such Class will be made on a pro rata basis pursuant to Section 4.06(e).
Principal Distributions on the Special Retail Certificates. Prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates as part of an allocation of such Realized Loss on a pro rata basis among all of the Certificates pursuant to section 4.05, distributions in reduction of the aggregate Certificate Principal Balance of such Class will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.08(a) and Section 4.08(d). On and after the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates as part of an allocation of such Realized Loss on a pro rata basis among all of the Certificates pursuant to section 4.05, distributions in reduction of the aggregate Certificate Principal Balances of such Class will be made on a pro rata basis pursuant to Section 4.08(e).
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Principal Distributions on the Special Retail Certificates. Unless Radian fails to make an Insured Payment under the Policy in respect of principal, distributions in reduction of the Class Certificate Balance of the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of the Special Retail Certificates and at the request of Living Holders of Special Retail Certificates or by mandatory distributions, pursuant to Section 5.09(a) and Section 5.09(d). If Radian fails to make an Insured Payment under the Policy in respect of principal, distributions in reduction of the Class Certificate Balance will be made on a pro rata basis pursuant to Section 5.09(e).
Principal Distributions on the Special Retail Certificates. Unless MBIA fails to make an Insured Payment in respect of principal in respect of the Class 3-A-5 Certificates, distributions in reduction of the Certificate Principal Balance of any Class of Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of such Class and at the request of Living Holders of Certificates of such Class or by mandatory distributions, pursuant to Section 4.06(a) and Section 4.06(d). If MBIA fails to make an Insured Payment under the Policy in respect of principal in respect of the Class 3-A-5 Certificates, distributions in reduction of the Certificate Principal Balance of such Class will be made on a pro rata basis pursuant to Section 4.06(e).
Principal Distributions on the Special Retail Certificates. Prior to the date on which Assured Guaranty fails to make an Insured Payment under the Policy in respect of principal with respect to the Class 1-A-7 Certificates, distributions in reduction of the Class Certificate Balance of the Class 1-A-7 Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Class 1-A-7 Certificates and at the request of Living Holders of Class 1-A-7 Certificates or by mandatory distributions, pursuant to Section 5.10(a) and Section 5.10(d). On or after the date on which Assured Guaranty fails to make an Insured Payment under the Policy in respect of principal with respect to the Class 1-A-7 Certificates, distributions in reduction of the Class Certificate Balance of the Class 1-A-7 Certificates will be made on a pro rata basis pursuant to Section 5.10(e).
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