Common use of Application of Trust Funds Clause in Contracts

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the Excess Distribution Certificateholder any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s payment to the Excess Distribution Certificateholder, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent Eligible Lender Trustee shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Administrative Agreement. (b) In the event that any withholding tax is imposed on the Trust’s 's payment to the holder of the Excess Distribution CertificateholderCertificate, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Quarterly Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the Excess Distribution Certificateholder any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s payment to the Excess Distribution Certificateholder, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent Eligible Lender Trustee shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s 's payment to the holder of the Excess Distribution CertificateholderCertificate, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent Trustee shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s payment to the holder of the Excess Distribution CertificateholderCertificate, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent Trustee shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s 's payment to the holder of the Excess Distribution CertificateholderCertificate, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the Excess Distribution Certificateholder any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s 's payment to the Excess Distribution Certificateholder, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s payment to the holder of the Excess Distribution CertificateholderCertificate, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the holder of the Excess Distribution Certificateholder Certificate any amounts payable in respect of the Excess Distribution Certificate in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s 's payment to the holder of the Excess Distribution CertificateholderCertificate, such tax shall reduce the amount otherwise distributable on the Excess Distribution Certificate.

Application of Trust Funds. (a) On each Distribution Date, the Excess Distribution Certificate Paying Agent shall distribute to the Excess Distribution Certificateholder Certificateholders any amounts payable in respect of the Excess Distribution Certificate Certificates in accordance with the Administration Agreement. (b) In the event that any withholding tax is imposed on the Trust’s payment to the any Excess Distribution Certificateholder, such tax shall reduce the amount otherwise distributable on the such Excess Distribution Certificate.