Common use of REMIC III Clause in Contracts

REMIC III. (a) On each Distribution Date, the Paying Agent shall withdraw from the Distribution Account an amount equal to the Available Distribution Amount and shall distribute such amount (other than the amount attributable to any Excess Interest, which shall be distributed in accordance with Section 6.5(c), Excess Liquidation Proceeds and an amount equal to any Net Swap Payment that was deemed distributed in respect of the Class A-4FL Regular Interest on the immediately preceding Master Servicer Remittance Date pursuant to Section 8.32(b)) in the following amounts and order of priority:

REMIC III. (a) On each Distribution Date, the Paying Agent shall withdraw from the Distribution Account an amount equal to the Available Distribution Amount and shall distribute such amount (other than the amount attributable to any Excess InterestLiquidation Proceeds which shall be distributed in accordance with Section 6.5(b), the amount attributable to Excess Interest which shall be distributed in accordance with Section 6.5(c), Excess Liquidation Proceeds and an the amount equal to any Net Swap Payment that was deemed distributed in respect of the Class A-4FL A-3-1FL Regular Interest on the immediately preceding Master Servicer Remittance Date pursuant to Section 8.32(b8.30(b)) in the following amounts and order of priority:

REMIC III. (a) On each Distribution Date, the Paying Agent shall withdraw from the Distribution Account an amount equal to the Available Distribution Amount and shall distribute such amount (other than the amount attributable to any Excess Interest, Interest which shall be distributed in accordance with Section 6.5(c), Excess Liquidation Proceeds Proceeds, and an amount equal to any Net Swap Payment that was deemed distributed in respect of the Class A-4FL A-2 Regular Interest on the immediately preceding Master Servicer Remittance Date pursuant to Section 8.32(b8.30(b)) in the following amounts and order of priority:

REMIC III. (a) On each Distribution Date, the Paying Agent shall withdraw from the Distribution Account an amount equal to the Available Distribution Amount and shall distribute such amount (other than the amount attributable to any Excess InterestLiquidation Proceeds which shall be distributed in accordance with Section 6.5(b), the amount attributable to Excess Interest which shall be distributed in accordance with Section 6.5(c), Excess Liquidation Proceeds the amount attributable to Additional L-3 Interest which shall be distributed in accordance with Section 6.5(d) and an the amount equal to any Net Swap Payment that was deemed distributed in respect of the Class A-4FL A-3-1FL Regular Interest on the immediately preceding Master Servicer Remittance Date pursuant to Section 8.32(b8.30(b)) in the following amounts and order of priority: