Application of Funds in Certificate Distribution Account and Certificate Contribution Account. (a) On each Certificateholder's Distribution Date, the Co-Owner Trustee shall distribute to the Certificateholder the Certificateholder's pro rata amount of the aggregate undistributed amounts deposited in the Certificate Distribution Account pursuant to Section 5.1.
Appears in 5 contracts
Samples: Trust Agreement (Education Funding Capital Trust I), Trust Agreement (Education Capital I LLC), Trust Agreement (Education Capital I LLC)
Application of Funds in Certificate Distribution Account and Certificate Contribution Account. (a) On each Certificateholder's Distribution Date, the Co-Owner Trustee shall distribute to the Certificateholder the Certificateholder's pro rata amount of the aggregate undistributed amounts deposited in the Certificate Distribution Account pursuant to Section 5.15.1 hereof.
Appears in 4 contracts
Samples: Trust Agreement (Student Loan Funding LLC), Trust Agreement (Student Loan Funding LLC), Trust Agreement (Student Loan Funding LLC)
Application of Funds in Certificate Distribution Account and Certificate Contribution Account. (a) On each Certificateholder's Distribution Date, the Co-Owner Trustee Paying Agent shall distribute to the Certificateholder the Certificateholder's ’s pro rata amount of the aggregate undistributed amounts deposited in the Certificate Distribution Account pursuant to Section 5.1.
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