Application of Class P Prepayment Charges. On each Distribution Date prior to the date on which the Class Principal Balance of the Class P Certificates has been reduced to zero, the Trust Administrator shall withdraw from the Distribution Account and distribute to the Class P Certificates any Class P Prepayment Charges related to the Mortgage Loans.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf2), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-2), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf1)
Application of Class P Prepayment Charges. On each Distribution Date prior to the date on which the Class Principal Balance of the Class P 1-1P Certificates has been reduced to zero, the Trust Administrator shall withdraw from the Distribution Account and distribute to the Class P 1-1P Certificates any Class P Prepayment Charges related to the Mortgage Subgroup 1-1 Loans. On each Distribution Date prior to the date on which the Class Principal Balance of the Class 1-2P Certificates has been reduced to zero, the Trust Administrator shall withdraw from the Distribution Account and distribute to the Class 1-2P Certificates any Class P Prepayment Charges related to the Subgroup 1-2 Loans.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3), Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-3)
Application of Class P Prepayment Charges. On each Distribution Date prior to the date on which the Class Principal Balance of the Class P Certificates has been reduced to zero, the Trust Administrator shall withdraw from the Distribution Account and distribute to the Class P Certificates any Class P Prepayment Charges related to the Mortgage Loans.Charges
Appears in 1 contract
Samples: Pooling and Servicing Agreement (TBW Mortgage-Backed Trust Series 2006-6)
Application of Class P Prepayment Charges. On each Distribution Date prior to the date on which the Class Principal Balance of the Class P Certificates has been reduced to zero, the Trust Administrator trust administrator shall withdraw from the Distribution Account and distribute to the Class P Certificates any Class P Prepayment Charges related to the Mortgage LoansCharges.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2006-Oa1)
