Common use of Application of Funds in Certificate Distribution Account Clause in Contracts

Application of Funds in Certificate Distribution Account. (a) -------------------------------------------------------- On each Distribution Date, the Owner Trustee will cause the Paying Agent to, 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 their Percentage Interests, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(a) of the Sale and Servicing Agreement on such Distribution Date.

Appears in 1 contract

Samples: Trust Agreement (Franklin Receivables LLC)

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Application of Funds in Certificate Distribution Account. (a) -------------------------------------------------------- a. On each Distribution Payment Date, the Owner Trustee will, or will cause the Paying Agent to, based on the information contained in the Servicer's Certificate Report delivered on the related Determination Date pursuant to Section 4.9 of the Sale and Servicing Agreement, distribute pro rata to Certificateholders based on their Percentage InterestsCertificateholders, to the extent as of the funds available, related Record Date all amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(a) of the Sale and Servicing Agreement on such Distribution Date.Payment Date based upon each Certificateholder's Certificate Percentage Interest:

Appears in 1 contract

Samples: Trust Agreement (Wells Fargo Auto Receivables Corp)

Application of Funds in Certificate Distribution Account. (a) -------------------------------------------------------- On each Distribution Payment Date, the Owner Trustee will, or will cause the Certificate Paying Agent to, based on the information contained in the Servicer's Certificate Report delivered on the related Determination Date pursuant to Section 4.9 of the Sale and Servicing Agreement, distribute pro rata to Certificateholders based on their Percentage InterestsCertificateholders, to the extent as of the funds available, related Record Date all amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(a) of the Sale and Servicing Agreement on such Distribution Date.Payment Date based upon each Certificateholder's Certificate Percentage Interest:

Appears in 1 contract

Samples: Trust Agreement (Bond Securitization LLC)

Application of Funds in Certificate Distribution Account. (a) -------------------------------------------------------- On each Distribution Payment Date, the Owner Trustee will, or will cause the Paying Agent to, based on the information contained in the Monthly Servicer's Certificate Report delivered on the related Determination Date pursuant to Section 4.9 2.10 of the Sale Servicing Agreement and Servicing Agreement, distribute pro rata to Certificateholders based on their Percentage Interests, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(aSection 5.05(c) of the Sale and Servicing Agreement on such Distribution Date.Indenture, distribute to

Appears in 1 contract

Samples: Trust Agreement (Capital One Auto Receivables LLC)

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Application of Funds in Certificate Distribution Account. (a) -------------------------------------------------------- On each Distribution Payment Date, the Owner Trustee will, or will cause the Paying Agent to, based on the information contained in the Servicer's Certificate Report delivered on the related Determination Date pursuant to Section 4.9 of the Sale and Servicing Agreement, distribute pro rata to Certificateholders based on their Percentage InterestsCertificateholders, to the extent of the funds available, amounts deposited in the Certificate Distribution Account pursuant to Sections 5.6(a) of the Sale and Servicing Agreement on such Distribution Date.Payment Date in the following order of priority:

Appears in 1 contract

Samples: Trust Agreement (Wells Fargo Auto Receivables Corp)

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