ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date by the Trustee in the following manner and in the following order of priority all in accordance with the related Remittance Report:
Appears in 7 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)
ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section Sections 5 and 6 above, the Writedown Amount, if any, shall be allocated on such Distribution Date by the Trustee in the following manner and in the following order of priority all in accordance with the related Remittance Reportpriority:
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Oakwood Mortgage Investors Inc), Pooling and Servicing Agreement (Deutsche Financial Capital Securitization LLC)
ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date by the Trustee in the following manner and in the following order of priority all in accordance with the related Remittance Report:priority: [Describe priorities of writedowns]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bombardier Capital Mortgage Securitization Corp)
