Common use of Priorities of Distributions Clause in Contracts

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amount payable to the Trustee pursuant to Section 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying Group 1 and Assured Guaranty solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, and paying the Class B Certificates from the remaining combined Pool Distribution Amounts from both Loan Groups, in the following order of priority and to the extent of such funds:

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the amount extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.11(b)(ii3.09(e) and (f) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Administrative Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable)first, first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR CertificateInterests, and then, then to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made then to distributions on the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying the Senior Certificates of each Group 1 and Assured Guaranty solely from the Pool Distribution Amount for the Related Loan Group 1Group, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, and paying the Class B Subordinate Certificates from the remaining combined Pool Distribution Amounts from both for all Loan Groups, in the following order of priority and to the extent of such funds:

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the amount extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.11(b)(ii3.09(f) and Section 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying Group 1 and Assured Guaranty solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, paying Group 3 solely from the Pool Distribution Amount for Loan Group 3, paying Group 4 solely from the Pool Distribution Amount for Loan Group 4 and paying the Subordinate Certificates (including amounts used to pay Class B Certificates PO Deferred Amounts) from the remaining combined Pool Distribution Amounts from both for all Loan Groups, in the following order of priority and to the extent of such funds:

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the amount extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.11(b)(ii3.09(f) and Section 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying Group 1 and Assured Guaranty solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, 2 and paying the Subordinate Certificates (including amounts used to pay Class B Certificates PO Deferred Amounts) from the remaining combined Pool Distribution Amounts from both for all Loan Groups, in the following order of priority and to the extent of such funds:

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the amount extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.11(b)(ii3.09(f) and Section 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to the Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying Group 1 and Assured Guaranty solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, paying Group 3 solely from the Pool Distribution Amount for Loan Group 3, paying Group 4 solely from the Pool Distribution Amount for Loan Group 4 and paying the Subordinate Certificates (including amounts used to pay Class B Certificates PO Deferred Amounts) from the remaining combined Pool Distribution Amounts from both for all Loan Groups, in the following order of priority and to the extent of such funds:

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Master Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Distribution Account (to the extent funds are available therein) (1) to the amount extent not previously paid, the amounts payable to the Securities Administrator, the Master Servicer and the Trustee pursuant to Section 3.11(b)(ii3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable)first, first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, then to distributions in respect of the Uncertificated MiddleSubsidiary Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and to the Class 1-A-MR R Certificate, and then to distributions on the Certificates (other than the Class 1-A-R Certificate). Distributions shall be made on the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying the Senior Certificates of each Group 1 and Assured Guaranty solely from the applicable Pool Distribution Amount, paying the Class 1-B Certificates solely from the Pool Distribution Amount for Loan Group 1, paying the Aggregate Group 2 Subordinate Certificates solely from the combined Pool Distribution Amount Amounts for Loan Group 2, Loan Group 3 and Loan Group 3 and paying the Class B Aggregate Group 3 Subordinate Certificates solely from the remaining combined Pool Distribution Amounts from both for Loan GroupsGroup 5 and Loan Group 6, in the following order of priority and to the extent of such funds:

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the amount extent not previously paid, the amounts payable to the Securities Administrator and the Trustee pursuant to Section 3.11(b)(ii3.11(a) and shall pay such funds to itselfitself and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees and the Securities Administrator Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such fundsfirst, as applicable), first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and to the Class 1-A-LR Certificate, and then, then to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on to the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying Group 1 and Assured Guaranty solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, 2 and paying the Subordinate Certificates (including amounts used to pay Class B Certificates PO Deferred Amounts) from the remaining combined Pool Distribution Amounts from for both Loan Groups, in the following order of priority and to the extent of such funds:

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amount payable to the Trustee pursuant to Section 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of then the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateR Certificate in respect of the Class R-L Interest and the Class R-M Interest. Distributions shall be made on the xxe Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying Group 1 and Assured Guaranty solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, 2 and paying the Class B Certificates from the remaining combined Pool Distribution Amounts from both Loan Groups, in the following order of priority and to the extent of such funds: