Common use of Distributions from the Distribution Account Clause in Contracts

Distributions from the Distribution Account. Subject to Sections 5.02(b), (h) and (i), on each Distribution Date, the Available Distribution Amount for the related Mortgage Pool (in the case of the Senior Certificates) and for the Mortgage Pools in the aggregate (in the case of the Subordinate Certificates), to the extent received by the Securities Administrator, shall be withdrawn by the Paying Agent from funds in the Distribution Account and allocated among the Classes of Senior Certificates and Subordinate Certificates in the following order of priority:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Sequoia Mortgage Trust 2012-1), Pooling and Servicing Agreement (Sequoia Mortgage Trust 2013-1)

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Distributions from the Distribution Account. (a) Subject to Sections 5.02(b), (h5.02(g) and (i5.02(h), on each Distribution Date, the Available Distribution Amount for the related Mortgage Pool (in the case of the Senior Certificates) Certificates and for the Mortgage Pools in the aggregate (in the case of the Subordinate Certificates), to the extent received by the Securities Administrator, ) shall be withdrawn by the Paying Agent Trustee from funds in the Distribution Account and allocated among the Classes classes of Senior Certificates and Subordinate Certificates in the following order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2006-1)

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Distributions from the Distribution Account. Subject to Sections 5.02(b), (h5.02(g) and (i5.02(h), on each Distribution Date, the Available Distribution Amount for the related Mortgage Pool (in the case of the Components of the Class X-A Certificates and the Senior Certificates other than the Class X-B Certificates) and for the Mortgage Pools in the aggregate (in the case of the Subordinate Certificates and the Class X-B Certificates), to the extent received by the Securities Administrator, ) shall be withdrawn by the Paying Agent Trustee from funds in the Distribution Account and allocated among the Classes classes of Senior Certificates and Subordinate Certificates in the following order of priority:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series MLCC 2004-C)

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