Priority of Distribution. If, after any payments by the Guarantor are made pursuant to Section 7.5, the funds available in the Certificate Accounts with respect to each Trust on any Distribution Date that are required to be included in the Certificate Distribution Amount for such date are insufficient to pay all amounts then due, the available funds will be applied in the following order, in each case to the extent then due and payable with respect to that Trust:
Appears in 3 contracts
Samples: Federal National Mortgage Association, Federal National Mortgage Association, Master Trust Agreement
Priority of Distribution. If, after any payments by the Guarantor are made pursuant to Section 7.5, the funds available in the Certificate Accounts with respect to each Trust on any Distribution Date that are required to be included in the Certificate Distribution Amount for such date are insufficient to pay all amounts then due, the available funds will be applied in the following order, in each case to the extent then due and payable with respect to that Trust:Trust:β
Appears in 1 contract
Samples: Multifamily Master Trust Agreement
Priority of Distribution. If, after any payments by the Guarantor are made pursuant to Section 7.5, the funds available in the Certificate Accounts with respect to each Trust on any Distribution Date that are required to be included in the Certificate Distribution Amount for such date are insufficient to pay all amounts then due, the available funds will be applied in the following order, in each case to the extent then due and payable with respect to that Trust:: (i) Trust Administration Fees and other amounts due to the Trustee;β
Appears in 1 contract
Samples: Multifamily Master Trust Agreement
