Common use of Certificate Distributions Clause in Contracts

Certificate Distributions. (a) On each Distribution Date, the Trustee shall make the following allocations from the Distribution Account of an amount equal to the Group I Interest Funds in the following order of priority, and each such allocation shall be made only after all preceding allocations have been made until such amount shall have been fully allocated for such Distribution Date:

Appears in 7 contracts

Samples: Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co)

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Certificate Distributions. (a) On each Distribution Date, the Trustee shall make the following allocations from the Distribution Account of an amount equal to the Group I Interest Funds in the following order of priority, and each such allocation shall be made only after all preceding allocations shall have been made until such amount shall have been fully allocated for such Distribution Date:

Appears in 3 contracts

Samples: Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co)

Certificate Distributions. (a) On each Distribution Date, the Trustee shall make the following allocations from the Distribution Asset Proceeds Account of an amount equal to the Group I Interest Funds in the following order of priority, and each such allocation shall be made only after all preceding allocations shall have been made until such amount shall have been fully allocated for such Distribution Date:

Appears in 1 contract

Samples: Trust Agreement (Saxon Asset Securities Co)

Certificate Distributions. (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall make the following allocations from the Distribution Account of an amount equal to the Group I Interest Funds in the following order of priority, and each such allocation shall be made only after all preceding allocations have been made until such amount shall have been fully allocated for such Distribution Date:

Appears in 1 contract

Samples: Trust Agreement (Saxon Asset Securities Co)

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Certificate Distributions. (a) On each Distribution Date, the Trustee shall make the following allocations from the Distribution Asset Proceeds Account of an amount equal to the Group I Interest Funds in the following order of priority, and each such allocation shall be made only after all preceding allocations shall have been made until such amount shall have been fully allocated for such Distribution Date:

Appears in 1 contract

Samples: Trust Agreement (Saxon Asset Securities Co)

Certificate Distributions. (a) On each Distribution Date, the Trustee shall make the following allocations from the Distribution Account of an amount equal to the Group I Interest Funds in the following order of priority, and each such allocation shall be made only after all preceding allocations shall have been made until such amount shall have been fully allocated for such Distribution Date:

Appears in 1 contract

Samples: Trust Agreement (Saxon Asset Securities Co)

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