Common use of Cross-Collateralization; Adjustments to Available Funds Clause in Contracts

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-J11), Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Cwalt Inc)

AutoNDA by SimpleDocs

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the third Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Applicable Fractions of the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-1)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the second Senior Termination Date, the Trustee shall distribute the principal portion of Available Funds on Non-PO Formula Principal Amount for the Mortgage Loans Loan Group relating to the Senior Certificates Certificate Group that will have been paid in full full, to the holders of the remaining Senior Certificates (Certificate Groups, other than the related Class PO Classes) of the other Certificate GroupsComponent, if any, pro rata, based on their respective Class Certificate Balances.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-29t1), Pooling and Servicing Agreement (Alternative Loan Trust 2006-7cb)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the fourth Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Applicable Fractions of the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-10)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and a Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Applicable Fractions of the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the sixth Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Applicable Fractions of the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-2)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the sixth Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-7)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwalt Inc)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first related Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the related Senior Credit Support Depletion Date and the third related Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates in the related Aggregate Certificate Group that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Senior Certificate Groups, pro rata, based on their Class Groups in that Aggregate Certificate BalancesGroup.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and prior to the earlier of the sixth second Senior Termination Date and the Senior Credit Support Depletion Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO ClassesPrincipal Only Certificates) of the other Certificate Groups, pro rata, based on their Class Certificate Balances...

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-J6)

AutoNDA by SimpleDocs

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the fourth Senior Termination Date, the Trustee shall distribute the principal portion of Available Funds on Non-PO Formula Principal Amount for the Mortgage Loans Loan Group relating to the Senior Certificates Certificate Group that will have been paid in full full, to the holders of the remaining Senior Certificates (Certificate Groups, other than the related Class PO Classes) of the other Certificate GroupsComponent, if any, pro rata, based on their respective Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwalt Inc)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the second Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the fourth Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and prior to the earlier of the sixth second Senior Termination Date and the Senior Credit Support Depletion Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwalt Inc)

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and but prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date and the fifth Senior Termination Date, the Trustee Securities Administrator shall distribute the principal portion of Available Funds on the Applicable Fractions of the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2005-4)

Time is Money Join Law Insider Premium to draft better contracts faster.