Application of Funds in Certificate Distribution Account. (a) On each Distribution Date, Owner Trustee will, or will cause Paying Agent to, based on the information contained in Servicer's Report delivered on the related Determination Date pursuant to Section 4.9 of the Sale and Servicing Agreement, distribute to Certificateholders, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to the Sale and Servicing Agreement on such Distribution Date in the following order of priority:
Application of Funds in Certificate Distribution Account. (a) Not later than 12:00 noon, New York City time, on each Payment Date, the Owner Trustee or the Paying Agent on behalf of the Owner Trustee will, based on the information contained in the Servicer's Certificate delivered on the related Determination Date pursuant to Section 4.8 of the Sale and Servicing Agreement, distribute to Certificateholders, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Section 5.5 of the Sale and Servicing Agreement on such Payment Date in the following order of priority:
Application of Funds in Certificate Distribution Account. (a) On each Distribution Date, the Owner Trustee will, based on the information contained in the Servicer's Certificate delivered on the related Determination Date pursuant to Section 4.9 of the Sale and Servicing Agreement, distribute to Certificateholders, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(b) and 9.1 of the Sale and Servicing Agreement on such Distribution Date in the following order of priority:
Application of Funds in Certificate Distribution Account. (a) On each Payment Date, the Certificate Paying Agent will, based on the information contained in the Servicer's Certificate delivered on the related Determination Date pursuant to Section 4.9 of the Sale and Servicing Agreement, distribute to Certificateholders, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(b)(vii) of the Sale and Servicing Agreement on such Payment Date in the following order of priority:
Application of Funds in Certificate Distribution Account. (a) On each Distribution Date, the Owner Trustee will, based on the information contained in the Master Servicer's Certificate delivered on the related Determination Date pursuant to Section [ ] of the Master Servicing Agreement, distribute to Certificateholders, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Section [ ] of the Master Servicing Agreement on such Distribution Date in the following order of priority:
Application of Funds in Certificate Distribution Account. (a) On each Remittance Date, the Paying Agent will, based on the information contained in the Servicer's Certificate delivered on the related Determination Date pursuant to Section 7.07 of the Sale and Servicing Agreement, distribute to Certificateholders, pro rata, based on Ownership Percentage, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Section 7.05 of the Sale and Servicing Agreement on such Remittance Date.
Application of Funds in Certificate Distribution Account. On each Payment Date, the Paying Agent shall distribute or cause to be distributed all amounts on deposit in the Certificate Distribution Account to Certificateholders in respect of the Certificates to the extent of amounts due and unpaid on the Certificates for principal and interest in the following amounts and in the following order of priority:
Application of Funds in Certificate Distribution Account. (a) On each Distribution Date, the Owner Trustee will, based on the information contained in the Servicer's Certificate delivered on the related Determination Date pursuant to Section 4.9 of the Sale and Servicing Agreement, distribute pro rata to Certificateholders based on Percentage Interest, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(b) of the Sale and Servicing Agreement on such Distribution Date. Notwithstanding any other provision hereof, the Certificateholders hereby authorize the Trustee on their behalf to remit all amounts payable to the Certificate Distribution Account pursuant to Section 5.6(b)(vi) of the Sale and Servicing Agreement to the [Insurer's Agent] for deposit in the Spread Account up to the amount necessary to cause the Collateral Amount to equal the Specified Spread Account Requirement and then to the [Payment Provider] for payment of the [Required Amount] on the previous Distribution Date and to the extent any funds remain, to the Certificateholders. (Capitalized terms in this Section not defined in this Agreement shall have the meaning as set forth in the Spread Account and Payment Agreement).
Application of Funds in Certificate Distribution Account. (a) On each Remittance Date, the Paying Agent will, based on the information contained in the Trust Administrator's Certificate delivered on the related Determination Date pursuant to Section 7.10 of the Sale and Servicing Agreement, distribute to each Class of Certificateholders, and within each Class pro rata, based on the related Ownership Percentage of such Class, to the extent of the funds available, and in accordance with Section 7.08(d) of the Sale and Servicing Agreement, amounts deposited in the applicable sub-account of the Certificate Distribution Account pursuant to Section 7.08(d) of the Sale and Servicing Agreement on such Remittance Date.
Application of Funds in Certificate Distribution Account a. On each Payment Date, Owner Trustee will, or will cause Paying Agent to, based on the information contained in Servicer's Report delivered on the related Determination Date pursuant to SECTION 4.9 of the Sale and Servicing Agreement, distribute to Certificateholders, as of the related Record Date, all amounts deposited in the Certificate Distribution Account pursuant to the Sale and Servicing Agreement on such Payment Date based upon each Certificateholder's Certificate Percentage Interest.
