Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall cause in the following order of priority, the following amounts to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:
Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, Group II Interest Remittance Amount, Group I Principal Remittance Amount, and the Group II Principal Remittance Amount, in the following order of priority, to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:
Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trust Administrator shall cause the Group I Available Funds, in the following order of priority, to be distributed by REMIC 1A to REMIC 2 on account of the REMIC 1A Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-1A Interest), as the case may be:
Distributions on the REMIC Regular Interests. Distributions of principal from the Loans shall be deemed to be made to the REMIC I Regular Interests, in each case from the related Loan Group, first, to REMIC I Regular Interest LT-1B, REMIC I Regular Interest LT-2B, REMIC I Regular Interest LT-3B, REMIC I Regular Interest LT-4B, REMIC I Regular Interest LT-5B, REMIC I Regular Interest LT-6B and REMIC I Regular Interest LT-7B until the Uncertificated Principal Balance of REMIC I Regular Interest LT-1B, REMIC I Regular Interest LT-2B, REMIC I Regular Interest LT-3B, REMIC I Regular Interest LT-4B, REMIC I Regular Interest LT-5B, REMIC I Regular Interest LT-6B and REMIC I Regular Interest LT-7B is reduced to zero; second, to REMIC I Regular Interest LT- 2PF, REMIC I Regular Interest LT-4PF, REMIC I Regular Interest LT-5PF and REMIC I Regular Interest LT-6PF, until the Uncertificated Principal Balance of REMIC I Regular Interest LT-2PF, REMIC I Regular Interest LT-4PF, REMIC I Regular Interest LT-5PF and REMIC I Regular Interest LT-6PF, is reduced to zero. Interest shall be payable to each REMIC I Regular Interest at the related Uncertificated REMIC I Pass-Through Rate on each such REMIC I Regular Interest’s Uncertificated Principal Balance. Any remaining amount to the Class R Certificates (with respect to Component R-1). On each Distribution Date, amounts representing Prepayment Charges on the Loans serviced by GMAC shall be deemed distributed to REMIC I Regular Interest LT-P1 and amounts representing Prepayment Charges on the Loans serviced by GreenPoint, National City and RFC shall be deemed to be distributed to REMIC I Regular Interest LT-P2, provided that such amounts shall not reduce the Uncertificated Principal Balance of each such REMIC I Regular Interest. On the Distribution Date immediately following the expiration of the latest Prepayment Charge term as identified on the Prepayment Charge Schedule, $100 shall be deemed distributed in respect of each of REMIC I Regular Interest LT-P1 and REMIC I Regular Interest LT-P2 in reduction of the Uncertificated Principal Balance thereof. Distributions of principal from the Loans shall be deemed to be made to the REMIC II Regular Interests, in each case from the related Loan Group, first, to REMIC II Regular Interest LT-1SUB, REMIC II Regular Interest LT-2SUB, REMIC II Regular Interest LT-3SUB, REMIC II Regular Interest LT-4SUB, REMIC II Regular Interest LT-5SUB, REMIC II Regular Interest LT-6SUB and REMIC II Regular Interest LT-7SUB, as applicable, so that...
Distributions on the REMIC Regular Interests. The Trustee shall elect that each of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V and REMIC VI shall be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II Regular Interests shall constitute the assets of REMIC III. The Class X Interest shall constitute the assets of REMIC IV. The Class P Interest shall constitute the assets of REMIC V. The Class IO Interest shall constitute the assets of REMIC VI.
Distributions on the REMIC Regular Interests. With respect to the Group I Mortgage Loans:
Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall cause the sum of the Group I Interest Remittance Amount, Group II Interest Remittance Amount, Group I Principal Remittance Amount, and the Group II Principal Remittance Amount, in the following order of priority, to be distributed by REMIC I/II-1 to REMIC I/II-2 on account of the REMIC I/II-1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class I/II-1R Interest), as the case may be:
Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the Trustee shall cause the Available Funds from the Distribution Account to make the following disbursements and transfers, in the following order of priority, to be distributed by REMIC 1 to REMIC 2 on account of the REMIC 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be: With respect to the Group I Mortgage Loans:
Distributions on the REMIC Regular Interests. (a) (1)On each Distribution Date, the Trustee shall cause the following amounts with respect to Loan Group 1-A-1, in the following order of priority, to be distributed by REMIC 1 to REMIC 3 on account of the REMIC 1 Regular Xxxxxxxxx 0-X-0, 0-X-0-XX and 1-A-1-P or withdrawn from the Certificate Account and distributed to the Holders of the Class R Certificates (in respect of the Class R-1 Interest), as the case may be:
Distributions on the REMIC Regular Interests. The Trustee shall elect that each of REMIC I, REMIC II and REMIC III shall be treated as a REMIC under Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement or in the administration of this Agreement shall be resolved in a manner that preserves the validity of such REMIC elections. The REMIC I Regular Interests shall constitute the assets of REMIC II. The REMIC II Regular Interests shall constitute the assets of REMIC III.