Common use of Distributions from Final Maturity Reserve Account Clause in Contracts

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iii) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (iv) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (iv) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HarborView 2007-7), Pooling and Servicing Agreement (HarborView 2007-7)

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Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iii) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (iv) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (iv) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A and Class 1A-1B Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HarborView 2007-6), Pooling and Servicing Agreement (HarborView 2007-6)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B A-R and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 A Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii5.01(a)(i)(C) above, as applicablein reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (ii) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Class B-6 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(iii) above, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iii) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B A and Class 2A-1C X Certificates, pro rata, any Current Interest Distributable Amounts for each such Class Classes remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (iv) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-5 and Class B-9 B-6 Certificates, sequentially, in that order, any Current Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account Amounts after payment pursuant to clauses (i) through (iv) above, to the Holders of the Class C X Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-13)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator Trustee shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A2A-1A1, Class 2A-1B 2A-1A2, Class 2A-1A3 and Class 2A-1C 2A-1B, Class 2A-2A, Class 2A-2B and Class 2A-2C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of principal; (iii) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 2A-1A2A-1A1, Class 2A-1B 2A-1A2, Class 2A-1A3 and Class 2A-1C 2A-1B, Class 2A-2A, Class 2A-2B and Class 2A-2C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (ivv) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. ; Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-12)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Certificate Insurer, any Certificate Insurer Reimbursement Amounts due to the Certificate Insurer in respect of principal; (iii) to the Holders of the Class B-1M-1, Class B-2M-2, Class B-3M-3, Class B-4M-4, Class B-5M-5, Class B-6M-6, Class B-7M-7, Class B-8 M-8 and Class B-9 M-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (ivv) to the Certificate Insurer, any Certificate Insurer Reimbursement Amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Holders of the Class B-1M-1, Class B-2M-2, Class B-3M-3, Class B-4M-4, Class B-5M-5, Class B-6M-6, Class B-7M-7, Class B-8 M-8 and Class B-9 M-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A and Class 1A-1B Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dsla 2007-Ar1)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator Trustee shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B 2A-1B1, Class 2A-1B2, Class 2A-1C1 and Class 2A-1C 2A-1C2 Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of principal; (iii) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B 2A-1B1, Class 2A-1B2, Class 2A-1C1 and Class 2A-1C 2A-1C2 Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (ivv) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-9)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A1A-1, Class 2A-1A2A-1, Class 2A-1B 2A-2 and Class 2A-1C 2A-3 Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iii) to the Holders of the Class 1A-1A1A-1, Class 2A-1A2A-1, Class 2A-1B 2A-2 and Class 2A-1C 2A-3 Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (iv) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (iv) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A 1A-1 Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-4)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Dateearlier of the Distribution Date in September 2026 and the termination of the Trust, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B 2A-1B1, Class 2A-1B2, Class 2A-1B3 and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii5.01(a)(1)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of principal; (iii) to the Class B-1X-0, Xxxxx X-0, Class B-2M-3, Class B-3M-4, Class B-4M-5, Class B-5, Class B-6, Class B-7, Class B-8 M-6 and Class B-9 M-7 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii5.01(a)(1)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B 2A-1B1, Class 2A-1B2, Class 2A-1B3 and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i5.01(a)(1)(i); (ivv) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Class B-1X-0, Xxxxx X-0, Class B-2M-3, Class B-3M-4, Class B-4M-5, Class B-5, Class B-6, Class B-7, Class B-8 M-6 and Class B-9 M-7 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Dsla 2006-Ar2)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator Trustee shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iii) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (iv) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (iv) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-3)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Dateearlier of the Distribution Date in September 2026 and the termination of the Trust, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A1A, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii5.01(a)(1)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of Certificate Insurer, any reimbursement amounts due to the Certificate Insurer; (iii) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii5.01(a)(1)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A1A-A1, Class 2A-1A, Class 2A-1B 2A-1B, Class 2A-1C, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class 2A-1C B-7 Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i5.01(a)(1)(i); (iv) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (iv) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-7)

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Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator Trustee shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of principal; (iii) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (ivv) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A and Class 1A-1B Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-10)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A1A-1, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii5.01(a)(1)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii5.01(a)(1)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iii) to the Holders of the Class 1A-1A1A-1, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i);; and (iv) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (iv) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Harborview 2006-8)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator Trustee shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B A-1A and Class 2A-1C A-1B Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders of the Class B-1M-0, Xxxxx X-0, Class B-2M-3, Class B-3M-4, Class B-4M-5, Class B-5, Class B-6, Class B-7, Class B-8 M-6 and Class B-9 M-7 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iii) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B A-1A and Class 2A-1C A-1B Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (iv) to the Holders of the Class B-1M-0, Xxxxx X-0, Class B-2M-3, Class B-3M-4, Class B-4M-5, Class B-5, Class B-6, Class B-7, Class B-8 M-6 and Class B-9 M-7 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (v) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-Sb1)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator Trustee shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B 2A-1B, Class 2A-1C1 and Class 2A-1C 2A-1C2 Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of principal; (iii) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 1A-1B, Class 2A-1A, Class 2A-1B 2A-1B, Class 2A-1C1 and Class 2A-1C 2A-1C2 Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (ivv) to the Holders Certificate Insurer, any reimbursement amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. ; Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A and Class 1A-1B Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-1)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Certificate Insurer, any Certificate Insurer Reimbursement Amounts due to the Certificate Insurer in respect of principal; (iii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B and Class 2A-1C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (ivv) to the Certificate Insurer, any Certificate Insurer Reimbursement Amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, B-7 and Class B-8 and Class B-9 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2007-2)

Distributions from Final Maturity Reserve Account. On the Final Maturity Reserve Termination Date, the Securities Administrator shall distribute the funds on deposit in the Final Maturity Reserve Account on such date in the following order of priority: (i) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B 2A-1B, Class 2A-1C and Class 2A-1C 2A-2C Certificates, pro rata, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such Class has been reduced to zero; (ii) to the Certificate Insurer, any Certificate Insurer Reimbursement Amounts due to the Certificate Insurer in respect of principal; (iii) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, after giving effect to principal distributions on such Distribution Date pursuant to Sections 5.01(a)(ii) or (iii) above, as applicable, in reduction of their respective Class Principal Balances, until the Class Principal Balance of each such class has been reduced to zero; (iiiiv) to the Holders of the Class 1A-1A, Class 2A-1A, Class 2A-1B 2A-1B, Class 2A-1C and Class 2A-1C 2A-2C Certificates, pro rata, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date, in the same priorities as set forth in Section 5.01(a)(i); (ivv) to the Certificate Insurer, any Certificate Insurer Reimbursement Amounts due to the Certificate Insurer in respect of any Interest Distributable Amount; (vi) to the Holders of the Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6, Class B-7, Class B-8 B-6 and Class B-9 B-7 Certificates, sequentially, in that order, any Interest Distributable Amounts for each such Class remaining unpaid on such Distribution Date; and (vvii) to the extent of any funds remaining in the Final Maturity Reserve Account after payment pursuant to clauses (i) through (ivvi) above, to the Holders of the Class C Certificates. Notwithstanding anything to the contrary in this Section 5.02(g), all amounts distributable to the Holders of the Class 1A-1A Certificates on account of the Mortgage Loans, shall be distributable first on account of the Group 1 Mortgage Loans.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (HarborView 2006-14)

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