Payments to Certificateholders Payment of Expenses. 93 Section 4.01.Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 93 Section 4.02.Monthly P&I Advances; Distribution Reports to the Trustee 94 Section 4.03.Nonrecoverable Advances 95 Section 4.04.Distributions to Holders of REMIC II Regular Interests and Certificateholders; Payment of Special Primary Insurance Premiums 96 Section 4.05.Statements to Certificateholders 98 ARTICLE V The Certificates 98 Section 5.01.The Certificates 98 Section 5.02.Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 106 Section 5.03.Registration of Transfer and Exchange of Certificates 106 Section 5.04.Mutilated, Destroyed, Lost or Stolen Certificates 106 Section 5.05.Persons Deemed Owners 107 Section 5.06.[Reserved.] 107 Section 5.07.Book-Entry for Book-Entry Certificates 107 Section 5.08.Notices to Clearing Agency 108 Section 5.09.Definitive Certificates 108 Section 0.00.Xxxxxx for Transfer of Certificates 109 Section 5.11.Nature of Certificates 109 ARTICLE VI The Company and the Servicer 109 Section 6.01.Liability of the Company and the Servicer 109 Section 6.02.Merger or Consolidation of the Company or the Servicer 109 Section 6.03.Limitation on Liability of the Company, the Servicer and Others 110 Section 6.04.Neither the Company nor the Servicer May Resign 110 Section 6.05.Trustee Access 111 ARTICLE VII Default 111 Section 0.00.Xxxxxx of Default 111 Section 7.02.Trustee to Act; Appointment of Successor 113 Section 7.03.Notification to Certificateholders 114 ARTICLE VIII Concerning the Trustees 115 Section 8.01.Duties of Trustees 115 Section 8.02.Certain Matters Affecting the Trustees 116 Section 8.03.Trustees Not Liable for Certificates or Mortgage Loans 117 Section 8.04.Trustees May Own Certificates 118 Section 8.05.The Servicer to Pay Trustees’ Fees and Expenses 118 Section 8.06.Eligibility Requirements for Trustees 118 Section 8.07.Resignation and Removal of Trustees 118 Section 8.08.Successor Trustee 119 Section 8.09.Merger or Consolidation of Trustee 120 Section 8.10.Appointment of Co-Trustee or Separate Trustee 120 Section 8.11.Authenticating Agents 121 Section 8.12.Paying Agents 122 Section 8.13.Duties of Delaware Trustee 122 Section 8.14.Amendment to Certificate of Trust 123 Section 8.15.[Reserved.] 123 Section 8.16.Trustees Act on Behalf of Trust 123 Section 8.17.Limitation of Liability 123 Section 8.18.Trustee Report on Assessment of Compliance with Servicing Criteria 123 ARTICL...
Payments to Certificateholders Payment of Expenses. 94 Section 4.01 Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 94
Payments to Certificateholders Payment of Expenses. Section 4.01. Distributions to Holders of REMIC I and REMIC II Regular Interests and Class R-1 Class R-2 Residual Interests. On each Distribution Date, the Trustee (or any duly appointed paying agent) on behalf of the Trust (i) shall be deemed to have distributed from the Certificate Account the REMIC I Distribution Amount to the Holders of the REMIC I Regular Interests, and to have deposited such amounts for their benefit into the Certificate Account, (ii) shall be deemed to have distributed from the Certificate Account the REMIC II Distribution Amount to the Holders of the REMIC II Regular Interests, and to have deposited such amounts for their benefit into the Certificate Account, and (iii) from the Certificate Account shall distribute to the Class R Certificateholders, in accordance with the written statement received from the Servicer pursuant to Section 4.02(b), the sum of (a) the Excess Liquidation Proceeds, (b) the amounts to be distributed to the Holders of the Class R-1 Residual Interest pursuant to the definition of “REMIC I Distribution Amount” for such Distribution Date and (c) the amounts to be distributed to the Holders of the Class R-2 Residual Interest pursuant to the definition of “REMIC II Distribution Amount” for such Distribution Date. Amounts distributed pursuant to clause (iii) above shall be distributed by wire transfer in immediately available funds for the account of each Class R Certificateholder, or by any other means of payment acceptable to each Class R Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register. Notwithstanding any other provision of this Agreement, no actual distributions pursuant to clause (i) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC IV and not REMIC I, and no actual distributions pursuant to clause (ii) of this Section 4.01 shall be made on account of the deemed distributions described in this paragraph except in the event of a liquidation of REMIC III and REMIC IV and not REMIC II.
Payments to Certificateholders Payment of Expenses. Section 4.01.Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 146 Section 4.02.Monthly P&I Advances; Distribution Reports to the Trustee 146 Section 4.03.Nonrecoverable WMB Advances 148 Section 4.04.Distributions to Holders of REMIC II Regular Interests and Class R-2 Residual Interest 148 Section 4.05.Distributions to Certificateholders; Payment of Special Primary Insurance Premiums 149 Section 4.06.Statements to Certificateholders 150 ARTICLE V The Certificates Section 5.01.The Certificates 151 Section 5.02.Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 158 Section 5.03.Registration of Transfer and Exchange of Certificates 159 Section 5.04.Mutilated, Destroyed, Lost or Stolen Certificates 159 Section 5.05.Persons Deemed Owners 160 Section 5.06.[Reserved.] 160 Section 5.07.Book-Entry for Book-Entry Certificates 160 Section 5.08.Notices to Clearing Agency 161 Section 5.09.Definitive Certificates 161 Section 0.00.Xxxxxx for Transfer of Certificates 162 Section 5.11.Nature of Certificates 162
Payments to Certificateholders Payment of Expenses. Section 4.01. Distributions to Holders of REMIC I Regular Interests, Class R-1 Certificateholders and Certificate Insurer. On each Distribution Date, the Trustee (or any duly appointed paying agent) (i) shall be deemed to have distributed from the Certificate Account (A) the REMIC I Distribution Amount (other than any Certificate Insurer Reimbursement Amount) to the Holders of the REMIC I Regular Interests, (B) any Insured Amount received by the Trustee for such Distribution Date to the Holder of the Class A-3A-L Regular Interest, and to have deposited such amounts for their benefit into the Certificate Account and (ii) from the Certificate Account shall distribute (A) to the Certificate Insurer any Certificate Insurer Reimbursement Amount to be distributed to the Certificate Insurer pursuant to the definition of "REMIC I Distribution Amount" for such Distribution Date and (B) to the Class R Certificateholders, the sum of (a) the Excess Liquidation Proceeds and (b) the amounts to be distributed to the Holders of the Class R Residual Interest pursuant to the definition of "
Payments to Certificateholders Payment of Expenses. 94 Section 4.01. Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest............................................................94 Section 4.02. Advances by the Master Servicer; Distribution Reports to the Trustee.........95 Section 4.03. Nonrecoverable Advances......................................................96 Section 4.04. Distributions to Holders of REMIC II Regular Interests and Class R-2 Residual Interest............................................................96 Section 4.05. Distributions to Certificateholders; Payment of Special Primary Insurance Premiums.....................................................................97 Section 4.06. Statements to Certificateholders.............................................98 ARTICLE V The Certificates.........................................................................99 Section 5.01. The Certificates.............................................................99 Section 5.02. Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations..........................................105 Section 5.03. Registration of Transfer and Exchange of Certificates.......................105 TABLE OF CONTENTS (continued) Page Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates...........................106 Section 5.05. Persons Deemed Owners.......................................................106 Section 5.06. Temporary Certificates......................................................106 Section 5.07. Book-Entry for Book-Entry Certificates......................................107 Section 5.08. Notices to Clearing Agency..................................................108 Section 5.09. Definitive Certificates.....................................................108 Section 5.10. Office for Transfer of Certificates.........................................109 Section 5.11. Nature of Certificates......................................................109 ARTICLE VI The Company and the Master Servicer ....................................................109 Section 6.01. Liability of the Company and the Master Servicer............................109
Payments to Certificateholders Payment of Expenses. 100 SECTION 4.01 Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest................................................100 SECTION 4.02 Advances by the Master Servicer; Distribution Reports to the Trustee.......100
Payments to Certificateholders Payment of Expenses. 68 Section 4.01. Distributions to Certificateholders; Payment of Special Primary Insurance Premiums 68
Payments to Certificateholders Payment of Expenses. Section 4.01. Distributions to Certificate Insurer and Holders of REMIC I Regular Interests and Class R-1
Payments to Certificateholders Payment of Expenses
