Common use of Distribution Date Statements Clause in Contracts

Distribution Date Statements. The Trustee shall prepare and deliver not later than each Distribution Determination Date to [the Rating Agency and] the Depositor appointed pursuant to Section 6.01 a statement (a “Distribution Date Statement’’) with respect to the following Distribution Date setting forth: (i) the Optimal Aggregate Regular Certificate Distribution Amount with respect to the following Distribution Date, setting forth separately (a) the aggregate amount of interest included therein and distributable on all Regular Certificates, (b) the Principal Distribution Amount, and (c) the Spread Distribution Amount, if any; (ii) whether the amount expected to be available in the Trust Account on such Distribution Date will be sufficient to distribute on such Distribution Date the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above; (iii) if the amount expected to be available in the Trust Account on such Distribution Date is less than the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, the percentages of each such amount that may be distributed in accordance with the priorities set forth in Section 5.02(d) from the amounts expected to be available in the Trust Account; (iv) the amounts included in such statement pursuant to sub-clauses (a) and (c) of clause (i) above, expressed in each case per Individual Certificate, to be distributed on such Distribution Date; (v) the amounts, if any, to be withdrawn from the Trust Account on such Distribution Date for application against Expenses or Prohibited Transaction Taxes, with a separate break-down as to each item thereof as set forth in the definition of Expenses or as to such taxes; (vi) the amount, if any, to be withdrawn from the Trust Account and distributed to the Holders of Residual Certificates (expressed both in the aggregate and per Individual Certificate) on such Distribution Date; (vii) the unpaid principal balance of Regular Certificates of each Class that will remain after giving effect to the distributions to be made on such Distribution Date expressed both on an aggregate basis and per Individual Certificate; and (viii) with respect to withholding and reporting requirements applicable to original issue discount, if any, to the accrual of market discount, if any, or to the amortization of premium, if any the calculations pertaining thereto. If the actual amount of Agency Security Distributions received by the Trustee during the last month of a related Due Period differs from the expected amount of Agency Security Distributions used by the Trustee, in accordance with Section 1.02(c), in determining the Aggregate Regular Certificate Distribution Amount for a Distribution Date, the Trustee shall immediately following the end of such Due Period (i) recompute all amounts in the related Distribution Date Statement to reflect the actual amount of Agency Security Distributions received during the last month of such Due Period, (ii) revise such Distribution Date Statement accordingly, and (iii) deliver such revised Distribution Date Statement to the Depositor. Upon such delivery, such revised Distribution Date Statement shall be controlling for all purposes under this Agreement.

Distribution Date Statements. The Trustee [Trustee] [Securities Administrator] shall prepare and deliver not later than each Distribution Determination Date to [the Rating Agency andAgency,] the Depositor and the Independent Accountants appointed pursuant to Section 6.01 7.01 a statement (a “Distribution Date Statement’’) with respect to the following Distribution Date setting forth: (i) the Optimal Aggregate Regular Certificate Distribution Amount with respect to the following Distribution Date, setting forth separately (a) the aggregate amount of interest included therein and distributable on all Regular Certificates, (b) the Accrual Distribution Amount, (c) the Principal Distribution Amount, and (cd) the Spread Distribution Amount, if any; (ii) if such following Distribution Date is the Initial Interest Distribution Date for a Class of Accrual Certificates, the amount of interest distributable thereon on such Interest Distribution Date, the amount of principal, if any, distributable on such Class of Accrual Certificates on such Distribution Date, and the amount, if any, of accrued interest to be added to the principal of such Class of Accrual Certificates on such Distribution Date; (iii) whether the amount expected to be available in the Trust Collection Account on such Distribution Date will be sufficient to distribute on such Distribution Date the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, and, if not, the amount, if any, available to be withdrawn from the Expense Reserve Account pursuant to Section 4.02(d) and Section 4.03(c) for deposit in the Collection Account to cure any such projected insufficiency; (iiiiv) if the amount expected to be available in the Trust Collection Account on such Distribution Date (including any amount deposited therein from the Expense Reserve Account pursuant to Section 4.02(d) and Section 4.03(c)) is less than the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, the percentages of each such amount that may be distributed in accordance with the priorities set forth in Section 5.02(d) from the amounts expected to be available in the Trust Collection Account; (ivv) the amounts included in such statement pursuant to sub-clauses (a) and (c) of clause (i) above, expressed in each case per Individual Certificate, to be distributed on such Distribution Date; (vvi) the amounts, if any, to be withdrawn from the Trust Expense Reserve Account and deposited in the Collection Account on the Business Day immediately preceding the following Distribution Date pursuant to Sections 4.02(d) and 4.03(c), with the details of the calculation of each such amount; (vii) any Required Expense Reserve Account Deposit Amount to be withdrawn from the Collection Account on such Distribution Date for transfer to the Expense Reserve Account; (viii) the amounts, if any, to be withdrawn from the Collection Account on such Distribution Date for application against Expenses or Prohibited Transaction Taxes, with a separate break-down as to each item thereof as set forth in the definition of Expenses or as to such taxes; (viix) the amount, if any, to be withdrawn from the Trust Collection Account and distributed to the Holders of Residual Certificates (expressed both in the aggregate and per Individual Certificate) on such Distribution Date; (viix) the unpaid principal balance of Regular Certificates of each Class that will remain after giving effect to the distributions to be made on such Distribution Date (and, in the case of Accrual Certificates, after giving effect to the interest accrued during the preceding Interest Accrual Period and added to the principal thereof on such Distribution Date) expressed both on an aggregate basis and per Individual Certificate; and (viiixi) with respect to withholding and reporting requirements applicable to original issue discount, if any, to the accrual of market discount, if any, or to the amortization of premium, if any the calculations pertaining thereto; provided, however, that such calculations shall be prepared by the Independent Accountants and delivered to the Trustee pursuant to subsection 7.02(c) hereof. If the actual amount of Agency Security Distributions received by the Trustee [Trustee] [Securities Administrator] during the last month of a related Due Period differs from the expected amount of Agency Security Distributions used by the [Trustee] [Securities Administrator], in accordance with Section 1.02(c), in determining the Aggregate Regular Certificate Distribution Amount for a Distribution Date, the Trustee [Trustee] [Securities Administrator] shall immediately following the end of such Due Period (i) recompute all amounts in the related Distribution Date Statement to reflect the actual amount of Agency Security Distributions received during the last month of such Due Period, (ii) revise such Distribution Date Statement accordingly, and (iii) deliver such revised Distribution Date Statement to the Depositor. Upon such delivery, such revised Distribution Date Statement shall be controlling for all purposes under this Agreement.

Distribution Date Statements. The Trustee shall prepare and deliver not later than each Distribution Determination Date to [the Rating Agency andAgency,] the Depositor and the Independent Accountants appointed pursuant to Section 6.01 7.01 a statement (a “Distribution Date Statement’’) with respect to the following Distribution Date setting forth: (i) the Optimal Aggregate Regular Certificate Distribution Amount with respect to the following Distribution Date, setting forth separately (a) the aggregate amount of interest included therein and distributable on all Regular Certificates, (b) the Accrual Distribution Amount, (c) the Principal Distribution Amount, and (cd) the Spread Distribution Amount, if any; (ii) if such following Distribution Date is the Initial Interest Distribution Date for a Class of Accrual Certificates, the amount of interest distributable thereon on such Interest Distribution Date, the amount of principal, if any, distributable on such Class of Accrual Certificates on such Distribution Date, and the amount, if any, of accrued interest to be added to the principal of such Class of Accrual Certificates on such Distribution Date; (iii) whether the amount expected to be available in the Trust Collection Account on such Distribution Date will be sufficient to distribute on such Distribution Date the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, and, if not, the amount, if any, available to be withdrawn from the Expense Reserve Account [and Xxxxxxx Mac Reserve Account] pursuant to Section 4.02(d) and Section 4.03(c) for deposit in the Collection Account to cure any such projected insufficiency; (iiiiv) if the amount expected to be available in the Trust Collection Account on such Distribution Date (including any amount deposited therein from the Expense Reserve Account [and Xxxxxxx Mac Reserve Account] pursuant to Section 4.02(d) and Section 4.03(c)) is less than the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, the percentages of each such amount that may be distributed in accordance with the priorities set forth in Section 5.02(d) from the amounts expected to be available in the Trust Collection Account; (ivv) the amounts included in such statement pursuant to sub-clauses (a) and (c) of clause (i) above, expressed in each case per Individual Certificate, to be distributed on such Distribution Date; (vvi) the amounts, if any, to be withdrawn from the Trust Expense Reserve Account [and Xxxxxxx Mac Reserve Account] and deposited in the Collection Account on the Business Day immediately preceding the following Distribution Date pursuant to Sections 4.02(d) and 4.03(c), with the details of the calculation of each such amount [and, in the case of the Xxxxxxx Mac Reserve Account, a specification as to whether such amount was calculated pursuant to clause (i) or clause (ii) of Section 4.03(c)]; (vii) any Required Expense Reserve Account Deposit Amount to be withdrawn from the Collection Account on such Distribution Date for transfer to the Expense Reserve Account; (viii) the amounts, if any, to be withdrawn from the Collection Account on such Distribution Date for application against Expenses or Prohibited Transaction Taxes, with a separate break-down as to each item thereof as set forth in the definition of Expenses or as to such taxes; (viix) the amount, if any, to be withdrawn from the Trust Collection Account and distributed to the Holders of Residual Certificates (expressed both in the aggregate and per Individual Certificate) on such Distribution Date; (viix) the unpaid principal balance of Regular Certificates of each Class that will remain after giving effect to the distributions to be made on such Distribution Date (and, in the case of Accrual Certificates, after giving effect to the interest accrued during the preceding Interest Accrual Period and added to the principal thereof on such Distribution Date) expressed both on an aggregate basis and per Individual Certificate; and (viiixi) with respect to withholding and reporting requirements applicable to original issue discount, if any, to the accrual of market discount, if any, or to the amortization of premium, if any the calculations pertaining thereto; provided, however, that such calculations shall be prepared by the Independent Accountants and delivered to the Trustee pursuant to subsection 7.02(c) hereof. If the actual amount of Agency Security Distributions received by the Trustee during the last month of a related Due Period differs from the expected amount of Agency Security Distributions used by the Trustee, in accordance with Section 1.02(c), in determining the Aggregate Regular Certificate Distribution Amount for a Distribution Date, the Trustee shall immediately following the end of such Due Period (i) recompute all amounts in the related Distribution Date Statement to reflect the actual amount of Agency Security Distributions received during the last month of such Due Period, (ii) revise such Distribution Date Statement accordingly, and (iii) deliver such revised Distribution Date Statement to the Depositor. Upon such delivery, such revised Distribution Date Statement shall be controlling for all purposes under this Agreement.

Distribution Date Statements. The Trustee shall prepare and deliver not later than each Distribution Determination Date to [the Rating Agency and] the Depositor appointed pursuant to Section 6.01 a statement (a “Distribution Date Statement’’”) with respect to the following Distribution Date setting forth: (i) the Optimal Aggregate Regular Certificate Distribution Amount with respect to the following Distribution Date, setting forth separately (a) the aggregate amount of interest included therein and distributable on all Regular Certificates, (b) the Principal Distribution Amount, and (c) the Spread Distribution Amount, if any; (ii) whether the amount expected to be available in the Trust Account on such Distribution Date will be sufficient to distribute on such Distribution Date the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above; (iii) if the amount expected to be available in the Trust Account on such Distribution Date is less than the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, the percentages of each such amount that may be distributed in accordance with the priorities set forth in Section 5.02(d) from the amounts expected to be available in the Trust Account; (iv) the amounts included in such statement pursuant to sub-clauses (a) and (c) of clause (i) above, expressed in each case per Individual Certificate, to be distributed on such Distribution Date; (v) the amounts, if any, to be withdrawn from the Trust Account on such Distribution Date for application against Expenses or Prohibited Transaction Taxes, with a separate break-down as to each item thereof as set forth in the definition of Expenses or as to such taxes; (vi) the amount, if any, to be withdrawn from the Trust Account and distributed to the Holders of Residual Certificates (expressed both in the aggregate and per Individual Certificate) on such Distribution Date; (vii) the unpaid principal balance of Regular Certificates of each Class that will remain after giving effect to the distributions to be made on such Distribution Date expressed both on an aggregate basis and per Individual Certificate; and (viii) with respect to withholding and reporting requirements applicable to original issue discount, if any, to the accrual of market discount, if any, or to the amortization of premium, if any the calculations pertaining thereto. If the actual amount of Agency Security Distributions received by the Trustee during the last month of a related Due Period differs from the expected amount of Agency Security Distributions used by the Trustee, in accordance with Section 1.02(c), in determining the Aggregate Regular Certificate Distribution Amount for a Distribution Date, the Trustee shall immediately following the end of such Due Period (i) recompute all amounts in the related Distribution Date Statement to reflect the actual amount of Agency Security Distributions received during the last month of such Due Period, (ii) revise such Distribution Date Statement accordingly, and (iii) deliver such revised Distribution Date Statement to the Depositor. Upon such delivery, such revised Distribution Date Statement shall be controlling for all purposes under this Agreement.

Distribution Date Statements. [The Trustee Securities Administrator shall prepare and deliver not later than each Distribution Determination Date to [the Rating Agency andAgency,] the Depositor and the Independent Accountants appointed pursuant to Section 6.01 7.01 a statement (a “Distribution Date Statement’’) with respect to the following Distribution Date setting forth: (i1) the Optimal Aggregate Regular Certificate Distribution Amount with respect to the following Distribution Date, setting forth separately (a) the aggregate amount of interest included therein and distributable on all Regular Certificates, (b) the Accrual Distribution Amount, (c) the Principal Distribution Amount, and (cd) the Spread Distribution Amount, if any; (ii2) if such following Distribution Date is the Initial Interest Distribution Date for a Class of Accrual Certificates, the amount of interest distributable thereon on such Interest Distribution Date, the amount of principal, if any, distributable on such Class of Accrual Certificates on such Distribution Date, and the amount, if any, of accrued interest to be added to the principal of such Class of Accrual Certificates on such Distribution Date; (3) whether the amount expected to be available in the Trust Collection Account on such Distribution Date will be sufficient to distribute on such Distribution Date the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, and, if not, the amount, if any, available to be withdrawn from the Expense Reserve Account pursuant to Section 4.02(d) and Section 4.03(c) for deposit in the Collection Account to cure any such projected insufficiency; (iii4) if the amount expected to be available in the Trust Collection Account on such Distribution Date (including any amount deposited therein from the Expense Reserve Account pursuant to Section 4.02(d) and Section 4.03(c)) is less than the Optimal Aggregate Regular Certificate Distribution Amount specified in clause (i) above, the percentages of each such amount that may be distributed in accordance with the priorities set forth in Section 5.02(d) from the amounts expected to be available in the Trust Collection Account; (iv5) the amounts included in such statement pursuant to sub-clauses (a) and (c) of clause (i) above, expressed in each case per Individual Certificate, to be distributed on such Distribution Date; (v6) the amounts, if any, to be withdrawn from the Trust Expense Reserve Account and deposited in the Collection Account on the Business Day immediately preceding the following Distribution Date pursuant to Sections 4.02(d) and 4.03(c), with the details of the calculation of each such amount; (7) any Required Expense Reserve Account Deposit Amount to be withdrawn from the Collection Account on such Distribution Date for transfer to the Expense Reserve Account; (8) the amounts, if any, to be withdrawn from the Collection Account on such Distribution Date for application against Expenses or Prohibited Transaction Taxes, with a separate break-down as to each item thereof as set forth in the definition of Expenses or as to such taxes; (vi9) the amount, if any, to be withdrawn from the Trust Collection Account and distributed to the Holders of Residual Certificates (expressed both in the aggregate and per Individual Certificate) on such Distribution Date; (vii10) the unpaid principal balance of Regular Certificates of each Class that will remain after giving effect to the distributions to be made on such Distribution Date (and, in the case of Accrual Certificates, after giving effect to the interest accrued during the preceding Interest Accrual Period and added to the principal thereof on such Distribution Date) expressed both on an aggregate basis and per Individual Certificate; and (viii11) with respect to withholding and reporting requirements applicable to original issue discount, if any, to the accrual of market discount, if any, or to the amortization of premium, if any the calculations pertaining thereto. ; provided, however, that such calculations shall be prepared by the Independent Accountants and delivered to the Trustee pursuant to subsection 7.02(c) hereof.] [If the actual amount of Agency Security Distributions received by the Trustee or the Securities Administrator during the last month of a related Due Period differs from the expected amount of Agency Security Distributions used by the TrusteeSecurities Administrator, in accordance with Section 1.02(c), in determining the Aggregate Regular Certificate Distribution Amount for a Distribution Date, the Trustee Securities Administrator shall immediately following the end of such Due Period (i) recompute all amounts in the related Distribution Date Statement to reflect the actual amount of Agency Security Distributions received during the last month of such Due Period, (ii) revise such Distribution Date Statement accordingly, and (iii) deliver such revised Distribution Date Statement to the Depositor. Upon such delivery, such revised Distribution Date Statement shall be controlling for all purposes under this Agreement.]