Cap Payments. On each Distribution Date, the Trust Administrator shall withdraw the Cap Payment from funds on deposit in the Cap Reserve Fund and shall distribute such amount as follows: (a) to the Class A-2 Certificates, any Cap Payment, as interest on such Class; and (b) on the Distribution Date in September 2009, to the Class Y Certificates, the Class Y Distributable Amount.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-1), Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2006-1)
Cap Payments. On each Distribution Date, the Trust Administrator shall withdraw the Cap Payment from funds on deposit in the Cap Reserve Fund and shall distribute such amount as follows:
(a) to the Class A-2 Certificates, any Cap Payment, 1-A-10 Certificates as interest on such Class; and
(b) on the Distribution Date in September 2009, with respect to any payments received with respect to the Class Y Certificates1-A-10 Cap Contract, and to the Class Y Distributable Amount.1-A-11 Certificates as interest on such Class, with respect to any payments received with respect to the Class 1-A-11 Cap Contract..
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-2), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-2)
Cap Payments. On each Distribution Date, the Trust Administrator shall withdraw the Cap Payment from funds on deposit in the Cap Reserve Fund and shall distribute such amount as follows:
(a) to the Class A-2 Certificates, any Cap Payment, 1-A-13 Certificates as interest on such Class; and
(b) on the Distribution Date in September 2009, to the Class Y Certificates, the Class Y Distributable Amount.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1), Pooling and Servicing Agreement (MASTR Asset Securitization Trust 2006-1)
Cap Payments. On each Distribution Date, the Trust Administrator shall withdraw the Cap Payment from funds on deposit in the Cap Reserve Fund Account and shall distribute such amount as follows:
(a) to the Class A-2 Certificates, any Cap Payment, 1-A-1 Certificates as interest on such Class; and
(b) on the Distribution Date in September 2009, with respect to any payments received with respect to the Class Y Certificates, the Class Y Distributable AmountCap Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Alternative Loan Trust 2007-1)
Cap Payments. On each Distribution Date, the Trust Administrator shall withdraw the Cap Payment from funds on deposit in the Cap Reserve Fund and shall distribute such amount as follows:
(a) to the Class A-2 [_____] Certificates, any Cap Payment, as interest on such Class; and
(b) on the Distribution Date in September 2009[_______], to the Class Y Certificates, the Class Y Distributable Amount.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Asset Securitization Transactions Inc)
