Common use of Distribution Dates Clause in Contracts

Distribution Dates. The GSE Trusts will distribute funds available from payments received from the underlying Program Bonds (less administrative fees and other fees and expenses to which the GSEs and the Administrator are entitled) on the 25th calendar day of each month or, if not a Business Day, the next succeeding Business Day. Subject to the Program Bond payment dates represented in a GSE Security, distributions may not necessarily be payable every calendar month.

Distribution Dates. The Trusts represented by GSE Trusts Securities will distribute funds available from payments received from the underlying Program Bonds (Eligible Bonds, less administrative fees and other fees and expenses to which the GSEs and the Administrator are entitled) , on the 25th calendar day of each month or, if not a Business Day, the next succeeding Business Daymonth. Subject to Depending on the Program Bond mix of HFA bond payment dates represented in a GSE Security, distributions may not necessarily be payable every calendar month.