Priority of Distributions. Available funds from the Mortgage Loans (which are net of any servicing, master servicing, trustee fees and private mortgage insurance premium fees) will be distributed in the following order of priority:
Priority of Distributions. The meaning specified in Section 11.1(a).
Priority of Distributions. Available funds will be distributed in the following order of priority:
Examples of Priority of Distributions in a sentence
The Co-Issuers agree to pay (but only from and to the extent of the Assets), to the extent funds are available therefor under the Priority of Distributions, any reasonable fees and expenses in connection with such appointment.
Except as set forth in the Priority of Distributions and Article XIII of this Indenture, the Secured Notes are secured equally and ratably without prejudice, priority or distinction between any Secured Note and any other Secured Note by reason of difference in time of issuance or otherwise, except as expressly provided in this Indenture.
Calculations of amounts to be distributed under the Priority of Distributions will give effect to all payments that precede (in priority of payment) or include the clause of the Priority of Distributions in which such calculation is made.
When used with respect to payments on the Subordinated Notes, the term "principal amount" shall mean amounts distributable to Holders of Subordinated Notes from Principal Proceeds, and the term "interest" shall mean Interest Proceeds distributable to Holders of Subordinated Notes in accordance with the Priority of Distributions.
The Issuer shall, to the extent legally permitted and to the extent funds are available pursuant to the Priority of Distributions, duly and punctually pay all required distributions on the Subordinated Notes, in accordance with the Subordinated Notes and this Indenture.
More Definitions of Priority of Distributions
Priority of Distributions. On each Payment Date, amounts available for distribution will be allocated in the following order of priority:
Priority of Distributions. Available funds from the Mortgage Loans (which are net of any servicing, master servicing, trustee fees and private mortgage insurance premium fees) will be distributed in the following order of priority: 1) Interest funds sequentially to (i) concurrently, to the Senior Certificates and (ii) sequentially to the Class M-1, Class M-2 and Class M-3 Certificates; 2) Principal funds, as follows: (i) to the Senior Certificates (in the manner and priority set forth under "Senior Certificates Principal Distribution" below), then (ii) sequentially, to the Class M-1, Class M-2 and Class M-3 Certificates, each as described more fully under "Principal Paydown" below; 3) Beginning on the Distribution Date in December 2004, any remaining Excess Cashflow, to the Senior Certificates and/or Mezzanine Certificates (as applicable) to build or maintain Overcollateralization as described under "Overcollateralization Target" and "Principal Paydown," respectively; 4) Any remaining Excess Cashflow to pay (i) any unpaid interest sequentially, to the Class M-1, Class M-2 and Class M-3 Certificates, then (ii) any unpaid realized loss amounts sequentially, to the Class M-1, Class M-2 and Class M-3 Certificates; 5) Any remaining Excess Cashflow to pay Basis Risk Shortfalls. 6) To the Class C Certificates, any remaining amount. -------------------------------------------------------------------------------- The information herein has been provided solely by UBS Securities LLC. Neither the issuer of certificates nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information herein is preliminary, and will be superseded by the applicable prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information contained herein will be superseded by the description of the mortgage loans contained and/or incorporated by reference in the Prospectus Supplement relating to the Certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by UBS Securities LLC. -------------------------------------------------------------------------------- -------------------------------------------------------------------------------- MASTR Alternative Loan Trust SERIES 2004-9 -------------------------------------------------------------------------------- -------------------------------------------------------------...
Priority of Distributions. Available funds from the Mortgage Loans will be distributed first to pay servicing fees and trustee fees, second, to the Swap Account, net swap payments and swap termination payments (other than any swap termination payment resulting from a swap provider trigger event) owed to the Swap Provider and the remainder will be distributed as follows:
Priority of Distributions. On each Distribution Date, amounts available for distribution will be allocated in the following order of priority:
Priority of Distributions. INTEREST DISTRIBUTIONS
Priority of Distributions. No Limited Partner shall have any priority to distributions over any other Limited Partner. The fees and reimbursements owed to the General Partner and its affiliates will be paid before distributions are made to Partners.
Priority of Distributions. Available funds will be distributed in the following order of priority: Interest: Concurrently, to pay interest on the Class 9A1 Certificates Concurrently, to pay unpaid interest shortfalls on the Class 9A1 Certificates To pay interest to the Class 9M1 To pay unpaid interest shortfalls to the Class 9M1 To pay interest to the Class 9M2 To pay unpaid interest shortfalls to the Class 9M2 To pay interest to the Class To pay unpaid interest shortfalls to the Class Principal: Generally, on each distribution date prior to the Stepdown Date or on which a Trigger Event has occurred, the principal payment amount will be paid in the following order of priority: To the Class 9A1 to zero To the Class 9M1 to zero To the Class 9M2 to zero To the Class to zero Generally, on each distribution date on or after the Stepdown Date and on which a Trigger Event has not occurred, the principal payment amount will be paid in the following order of priority: To the Class 9A1 to zero from the remaining 9A1 principal payment amount To the Class 9M1 to zero the Class 9M1 principal payment amount To the Class 9M2 to zero the Class 9M2 principal payment amount To the Class to zero the Class principal payment amount -------------------------------------------------------------------------------- The information herein has been provided solely by UBS Securities LLC. Neither the issuer of certificates nor any of its affiliates makes any representation as to the accuracy or completeness of the information herein. The information herein is preliminary, and will be superseded by the applicable prospectus supplement and by any other information subsequently filed with the Securities and Exchange Commission. The information contained herein will be superseded by the description of the mortgage loans contained and/or incorporated by reference in the Prospectus Supplement relating to the Certificates and supersedes all information contained in any collateral term sheets relating to the mortgage pool previously provided by UBS Securities LLC. -------------------------------------------------------------------------------- ================================================ MASTR Adjustable Rate Mortgage Trust SERIES 2003-6 ================================================ -------------------------------------------------------------------------------- THE INFORMATION CONTAINED HEREIN WILL BE SUPERSEDED BY THE DESCRIPTION OF THE MORTGAGE LOANS CONTAINED IN THE PROSPECTUS SUPPLEMENT --------------------...