ALLOCATION OF AVAILABLE DISTRIBUTION AMOUNT. On each Distribution Date for a Series, the Trustee shall withdraw all monies on deposit in the related Distribution Account in accordance with the related Remittance Report and shall distribute to the Certificateholders (or, if more than one REMIC election has been made with respect to the Trust, to distribute to the holders of the Regular Interests and the Residual Interest in the Pooling REMIC), the amount of the Available Distribution Amount in accordance with the applicable Pooling and Servicing Agreement.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp), Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp)
