Common use of DISTRIBUTIONS AND REPORTS TO INVESTOR CERTIFICATEHOLDERS Clause in Contracts

DISTRIBUTIONS AND REPORTS TO INVESTOR CERTIFICATEHOLDERS. On each Distribution Date, the Trustee shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) to each Class A Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or Section 12.03 respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class A Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class A Certificateholders pursuant to Section 4.09 by check mailed to each Class A Certificateholder (at such Certificateholder's address as it appears in the Certificate Register), except that with respect to Class A Certificates registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds. (ggg) On each Distribution Date, the Trustee shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) to each Class B Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or Section 12.03 respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class B Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class B Certificateholders pursuant to Section 4.09 by check mailed to each Class B Certificateholder (at such Certificateholder's address as it appears in the Certificate Register), except that with respect to Class B Certificates registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds.

DISTRIBUTIONS AND REPORTS TO INVESTOR CERTIFICATEHOLDERS. Section 5.01 Distributions ------------- (a) On each Distribution Date, the Trustee Paying Agent shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) of the Agreement) to each Class A Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or in Section 12.03 of the Agreement respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate --- ---- Undivided Interests represented by Class A Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class A Certificateholders pursuant to subsection 4.09(h) and Section 4.09 4.10 of the Agreement by check mailed to each Class A Certificateholder (at such Certificateholder's address as it appears on the Certificate Register or, in the Certificate Register), except that with respect to case of Class A Certificateholders holding Class A Certificates registered evidencing Undivided Interests aggregating not less than 80% of the Invested Amount, by wire transfer, at the expense of such Class A Certificateholder, to an account or accounts designated by such Class A Certificateholder by written notice given to the Paying Agent not less than five days prior to the related Distribution Date; provided, however, that the final payment in retirement of -------- ------- the Class A Certificates will be made only upon presentation and surrender of the Class A Certificates at the office or offices specified in the name notice of such final distribution delivered by the Trustee pursuant to Section 12.03 of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds. Agreement. (gggb) On each Distribution Date, the Trustee Paying Agent shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) of the Agreement) to each Class B Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or in Section 12.03 of the Agreement respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate --- ---- Undivided Interests represented by Class B Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class B Certificateholders pursuant to subsection 4.09(h) and Section 4.09 4.10 of the Agreement by check mailed to each Class B Certificateholder (at such Certificateholder's address as it appears on the Certificate Register or, in the Certificate Register), except that with respect to case of Class B Certificateholders holding Class B Certificates registered evidencing Undivided Interests aggregating not less than 80% of the Class B Invested Amount, by wire transfer, at the expense of such Class B Certificateholder, to an account or accounts designated by such Class B Certificateholder by written notice given to the Paying Agent not less than five days prior to the related Distribution Date; provided, however, that the final -------- ------- payment in retirement of the Class B Certificates will be made only upon presentation and surrender of the Class B Certificates at the office or offices specified in the name notice of such final distribution delivered by the Trustee pursuant to Section 12.03 of the nominee Agreement. (c) On each Transfer Date, the Trustee shall distribute (in accordance with the certificate delivered by the Servicer to the Trustee pursuant to subsection 3.04(b) of a Clearing Agencythe Agreement) to the Excess Collateral Holders the amounts payable to the Excess Collateral Holder pursuant to subsection 4.09(e)(iii), subsection 4.09(f)(ii), subsection 4.13(f), subsection 4.13(k) and subsection 4.16(b) of the Agreement by wire transfer, at the expense of such distribution shall be made in immediately available fundsExcess Collateral Holders, to an account or accounts designated by such Excess Collateral Holders by written notice given to the Trustee not less than five days prior to the related Transfer Date.

DISTRIBUTIONS AND REPORTS TO INVESTOR CERTIFICATEHOLDERS. (a) On each Distribution Date, the Trustee shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) to each Class A Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or Section 12.03 respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class A Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class A Certificateholders pursuant to Section 4.09 by check mailed to each Class A Certificateholder (at such Certificateholder's address as it appears in the Certificate Register), except that with respect to Class A Certificates registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds. . (gggb) On each Distribution Date, the Trustee shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) to each Class B Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or Section 12.03 respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by Class B Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class B Certificateholders pursuant to Section 4.09 by check mailed to each Class B Certificateholder (at such Certificateholder's address as it appears in the Certificate Register), except that with respect to Class B Certificates registered in the name of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds. (c) On each Distribution Date, the Trustee shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) to each Class C Interest Holder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or Section 12.03 respecting a final distribution) such Class C Interest Holder's pro rata share (based on the aggregate Undivided Interests represented by Class C Interests held by such Class C Interest Holder) of amounts on deposit in the Distribution Account (including amounts deposited in the Distribution Account with respect to amounts withdrawn from the Spread Account (at the times and in the amounts specified in the Class C Supplemental Agreement)) as are payable to the Class C Interest Holders pursuant to Sections 4.09 and 4.11 by wire transfer of immediately available funds in accordance with wire instructions provided in writing to the Paying Agent by the holder of record of such Class C Interests.

DISTRIBUTIONS AND REPORTS TO INVESTOR CERTIFICATEHOLDERS. Section 5.01 Distributions ------------- (a) On each Distribution Date, the Trustee Paying Agent shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) of the Agreement) to each Class A Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or in Section 12.03 of the Agreement respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate --- ---- Undivided Interests represented by Class A Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class A Certificateholders pursuant to subsection 4.09(h) and Section 4.09 4.10 of the Agreement by check mailed to each Class A Certificateholder (at such Certificateholder's address as it appears on the Certificate Register or, in the Certificate Register), except that with respect to case of Class A Certificateholders holding Class A Certificates registered evidencing Undivided Interests aggregating not less than 80% of the Invested Amount, by wire transfer, at the expense of such Class A Certificateholder, to an account or accounts designated by such Class A Certificateholder by written notice given to the Paying Agent not less than five days prior to the related Distribution Date; provided, however, that the final payment in retirement of the Class A -------- ------- Certificates will be made only upon presentation and surrender of the Class A Certificates at the office or offices specified in the name notice of such final distribution delivered by the Trustee pursuant to Section 12.03 of the nominee of a Clearing Agency, such distribution shall be made in immediately available funds. Agreement. (gggb) On each Distribution Date, the Trustee Paying Agent shall distribute (in accordance with the certificate delivered on or before the related Transfer Date by the Servicer to the Trustee pursuant to subsection 3.04(b)) of the Agreement) to each Class B Certificateholder of record on the immediately preceding Record Date (other than as provided in subsection 2.04(e) or in Section 12.03 of the Agreement respecting a final distribution) such Certificateholder's pro rata share (based on the aggregate --- ---- Undivided Interests represented by Class B Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the Class B Certificateholders pursuant to subsection 4.09(h) and Section 4.09 4.10 of the Agreement by check mailed to each Class B Certificateholder (at such Certificateholder's address as it appears on the Certificate Register or, in the Certificate Register), except that with respect to case of Class B Certificateholders holding Class B Certificates registered evidencing Undivided Interests aggregating not less than 80% of the Class B Invested Amount, by wire transfer, at the expense of such Class B Certificateholder, to an account or accounts designated by such Class B Certificateholder by written notice given to the Paying Agent not less than five days prior to the related Distribution Date; provided, however, that the final -------- ------- payment in retirement of the Class B Certificates will be made only upon presentation and surrender of the Class B Certificates at the office or offices specified in the name notice of such final distribution delivered by the Trustee pursuant to Section 12.03 of the nominee Agreement. (c) On each Distribution Date, the Paying Agent shall distribute (in accordance with the certificate delivered by the Servicer to the Trustee pursuant to subsection 3.04(b) of the Agreement) to each CIA Certificateholder of record on the preceding Record Date (other than as provided in subsection 2.04(e) or in Section 12.03 of the Agreement respecting a Clearing Agencyfinal distribution) such Certificateholder's pro rata share (based on the aggregate Undivided Interests represented by CIA Certificates held by such Certificateholder) of amounts on deposit in the Distribution Account as are payable to the CIA Certificateholders pursuant to subsection 4.09(h), Section 4.10, subsection 4.13(f) and subsection 4.13(k) of the Agreement by wire transfer, at the expense of such distribution shall CIA Certificateholder, to an account or accounts designated by such CIA Certificateholder by written notice given to the Paying Agent not less than five days prior to the related Distribution Date; provided, however, that the final -------- ------- payment in retirement of the CIA Certificates will be made only upon presentation and surrender of the CIA Certificates at the office or offices specified in immediately available fundsthe notice of such final distribution delivered by the Trustee pursuant to Section 12.03 of the Agreement.