Common use of Principal Distributions on the Special Retail Certificates Clause in Contracts

Principal Distributions on the Special Retail Certificates. Unless MBIA fails to make an Insured Payment in respect of principal, 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 such Class and at the request of Living Holders of Certificates of such Class 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 of such Class 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 under the Policy in respect of principal, distributions in reduction of the Class Certificate Balance of such Class 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 the Special Retail Certificates and at the request of Living Holders of Special Retail Certificates of such Class 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 of such Class 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 under the Policy in respect of principal, distributions in reduction of the Class Certificate Balance of such Class the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Special Retail Certificates of such Class and at the request of Living Holders of Special Retail Certificates of such Class 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 of such Class 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 principalprincipal in respect of the Class 3-A-5 Certificates, distributions in reduction of the Class Certificate Principal Balance of such 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 5.09(a4.06(a) and Section 5.09(d4.06(d). If MBIA fails to make an Insured Payment under the Policy in respect of principalprincipal in respect of the Class 3-A-5 Certificates, distributions in reduction of the Class Certificate Principal Balance of such Class will be made on a pro rata basis pursuant to Section 5.09(e4.06(e).