Common use of therein Clause in Contracts

therein. The Servicer shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. On the first Distribution Date with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Servicer shall withdraw from the Rounding Account the applicable Rounding Amount. On each succeeding Distribution Date, prior to the Credit Support Depletion Date, with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 Certificates, the aggregate amount allocable to each such Class will be applied first to replenish any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of the aggregate amount allocable to distributions of principal on each such Class is not an amount equal to an integral multiple of $1,000, the Servicer shall withdraw from the Rounding Account, to the extent funds are available therein, the applicable Rounding Amount. Any amounts withdrawn by the Servicer from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of Class A-9 Certificates as described in the immediately preceding paragraph. Funds held in the Certificate Account shall be invested as described in Section 4.05. On or promptly after the Credit Support Depletion Date, the Servicer shall be entitled to withdraw and pay to itself as additional compensation any remaining amounts on deposit in the Rounding Account.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Chase Mortgage Finance Corp), Pooling and Servicing Agreement (Chase Mortgage Finance Corp)

therein. The Servicer shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. On the first Distribution Date with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 A-7, Class A-10, Class A-11 or Class A-12 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Servicer shall withdraw from the Rounding Account the applicable Rounding Amount. On each succeeding Distribution Date, prior to the Credit Support Depletion Date, with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 Class A-7, Class A-10, Class A-11 or Class A-12 Certificates, the aggregate amount allocable to each such Class will be applied first to replenish any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of the aggregate amount allocable to distributions of principal on each such Class is not an amount equal to an integral multiple of $1,000, the Servicer shall withdraw from the Rounding Account, to the extent funds are available therein, the applicable Rounding Amount. Any amounts withdrawn by the Servicer from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of Class A-9 Class A-7, Class A-10, Class A-11 or Class A-12 Certificates as described in the immediately preceding paragraph. Funds held in the Certificate Account shall be invested as described in Section 4.05. On or promptly after the Credit Support Depletion Date, the Servicer shall be entitled to withdraw and pay to itself as additional compensation any remaining amounts on deposit in the Rounding Account.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)

therein. The Servicer shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. On the first Distribution Date with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 A-3 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,0001,000.00, the Servicer shall withdraw from the Rounding Account the applicable Rounding Amount. On each succeeding Distribution Date, prior to the Credit Support Depletion Date, with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 A-3 Certificates, the aggregate amount allocable to each such Class will be applied first to replenish any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of the aggregate amount allocable to distributions of principal on each such Class is not an amount equal to an integral multiple of $1,0001,000.00, the Servicer shall withdraw from the Rounding Account, to the extent funds are available therein, the applicable Rounding Amount. Any amounts withdrawn by the Servicer from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of Class A-9 A-3 Certificates as described in the immediately preceding paragraph. Funds held in the Certificate Account shall be invested as described in Section 4.05. On or promptly after the Credit Support Depletion Date, the Servicer shall be entitled to withdraw and pay to itself as additional compensation any remaining amounts on deposit in the Rounding Account.. [END OF ARTICLE V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)

therein. The Servicer shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. On the first Distribution Date with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 A-6 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Servicer shall withdraw from the Rounding Account the applicable Rounding Amount. On each succeeding Distribution Date, prior to the Credit Support Depletion Date, with respect to which the Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 A-6 Certificates, the aggregate amount allocable to each such Class will be applied first to replenish any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of the aggregate amount allocable to distributions of principal on each such Class is not an amount equal to an integral multiple of $1,000, the Servicer shall withdraw from the Rounding Account, to the extent funds are available therein, the applicable Rounding Amount. Any amounts withdrawn by the Servicer from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of Class A-9 A-6 Certificates as described in the immediately preceding paragraph. Funds held in the Certificate Account shall be invested as described in Section 4.05. On or promptly after the Credit Support Depletion Date, the Servicer shall be entitled to withdraw and pay to itself as additional compensation any remaining amounts on deposit in the Rounding Account.. [END OF ARTICLE V]

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)

therein. The Servicer Trustee shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. On the first Distribution Date with respect to which the Servicer Trustee determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Servicer Trustee shall withdraw from the Rounding Account the applicable Rounding Amount. On each succeeding Distribution Date, prior to the Credit Support Depletion Date, with respect to which the Servicer Trustee determines that amounts are available out of the Available Distribution Amount for distributions of principal on the Class A-9 Certificates, the aggregate amount allocable to each such Class will be applied first to replenish any funds withdrawn from the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of the aggregate amount allocable to distributions of principal on each such to the Class A-9 Certificates is not an amount equal to an integral multiple of $1,000, the Servicer Trustee shall withdraw from the Rounding Account, to the extent funds are available therein, the applicable Rounding Amount. Any amounts withdrawn by the Servicer Trustee from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of Class A-9 Certificates Certificateholders as described in the immediately preceding paragraph. Funds held in the Certificate Account shall be invested as described in Section 4.05Eligible Investments which shall mature not later than one Business Day prior to the Distribution Date. On or promptly after the Credit Support Depletion Date, the Servicer Trustee shall be entitled to withdraw and pay to itself as additional compensation any remaining amounts on deposit in the Rounding Account.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Abn Amro Mortgage Corp Series 1999-3)