Remitting to Certificateholders Clause Samples
The 'Remitting to Certificateholders' clause defines the process by which payments or distributions are made to individuals or entities holding certificates under a financial agreement, such as a trust or securitization. Typically, this clause outlines the timing, method, and conditions for remitting funds, specifying how and when certificateholders receive their share of proceeds, interest, or principal. For example, it may detail monthly or quarterly payment schedules and the calculation of each holder's entitlement. The core function of this clause is to ensure transparency and consistency in the distribution of funds, thereby protecting the interests of certificateholders and minimizing disputes over payment procedures.
Remitting to Certificateholders. Section 3.01
Remitting to Certificateholders. 46 Section 3.01. Reserved.............................................................................. 46 Section 3.02. Reserved.............................................................................. 46
Remitting to Certificateholders. 20 Section 3.01. The Certificate Insurance Policies........................................................20 Section 3.02. Distributions.............................................................................22 Section 3.03. Reports to the Depositor..................................................................24 Section 3.04. Reports by Master Servicer................................................................25
Remitting to Certificateholders. 50 Section 3.01. (Reserved).................................................50 Section 3.02. (Reserved).................................................50
Remitting to Certificateholders. Section 3.01 Distributions to Certificateholders .
Remitting to Certificateholders. 34 Section 3.01. Certificate Distributions...................................34 Section 3.02. Reports to the Depositor and the Trustee....................38 Section 3.03. Reports by or on Behalf of the Master Servicer..............39 Section 3.04. Advance Facility............................................40 Article IV The Certificates...................................................42 Section 4.01. The Certificates............................................42 Section 4.02. Denominations...............................................43
Remitting to Certificateholders