Common use of Distributions from the Reserve Fund Clause in Contracts

Distributions from the Reserve Fund. On each Distribution Date, after making the distributions of the REMIC III Distribution Amounts as provided in Sections 4.05(a) and (d), the Trustee shall withdraw from the Reserve Fund the amounts on deposit therein and shall distribute such amounts in the following order of priority: first, concurrently, to the Class A Certificates, up to the amount of the related Net WAC Rate Carryover Amount, allocated among the Class A Certificates, pro rata, based on their respective Net WAC Rate Carryover Amounts; then, to the Mezzanine Certificates and the Class B Certificates, up to the amount of the related Net WAC Rate Carryover Amount, in the following order of priority: first to the Class M‑1 Certificates, second to the Class M‑2 Certificates, third to the Class M‑3 Certificates, fourth to the Class M‑4 Certificates, fifth to the Class M‑5 Certificates, sixth to the Class M‑6 Certificates, seventh to the Class M‑7 Certificates, eighth to the Class M‑8 Certificates, ninth to the Class M‑9 Certificates, tenth to the Class B-1 Certificates, and eleventh to the Class B-2 Certificates, in each case to the extent of such amounts remaining in the Reserve Fund. On the Distribution Date on which the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class B Certificates has been reduced to zero, after making all other distributions on such Distribution Date (including to the Class A Certificates, the Mezzanine Certificates and the Class B Certificates out of the Reserve Fund), the Trustee shall distribute all remaining amounts in the Reserve Fund to the Holders of the Class C Certificates.

Distributions from the Reserve Fund. On each Distribution Date, after making the distributions of the REMIC III Distribution Amounts as provided in Sections 4.05(a) and (d), the Trustee shall withdraw from the Reserve Fund the amounts on deposit therein and shall distribute such amounts in the following order of priority: first, concurrently, to the Class A Certificates, up to the amount of the related Net WAC Rate Carryover Amount, allocated among the Class A Certificates, pro rata, based on their respective Net WAC Rate Carryover Amounts; then, to the Mezzanine Certificates and the Class B Certificates, up to the amount of the related Net WAC Rate Carryover Amount, in the following order of priority: first to the Class M‑1 Certificates, second to the Class M‑2 Certificates, third to the Class M‑3 Certificates, fourth to the Class M‑4 Certificates, fifth to the Class M‑5 Certificates, sixth to the Class M‑6 Certificates, seventh to the Class M‑7 Certificates, eighth to the Class M‑8 Certificates, ninth to the Class M‑9 Certificates, tenth to the Class B-1 M-10 Certificates, and eleventh to the Class B-2 M-11 Certificates, in each case to the extent of such amounts remaining in the Reserve Fund. On the Distribution Date on which the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class B Mezzanine Certificates has been reduced to zero, after making all other distributions on such Distribution Date (including to the Class A Certificates, the Mezzanine Certificates and the Class B Mezzanine Certificates out of the Reserve Fund), the Trustee shall distribute all remaining amounts in the Reserve Fund to the Holders of the Class C Certificates.

Distributions from the Reserve Fund. On each Distribution Date, after making the distributions of the REMIC III Distribution Amounts as provided in Sections 4.05(a) and (d), the Trustee shall withdraw from the Reserve Fund the amounts on deposit therein and shall distribute such amounts in the following order of priority: first, concurrently, to the Class A Certificates, up to the amount of the related Net WAC Rate Carryover Amount, allocated among the Class A Certificates, pro rata, based on their respective Net WAC Rate Carryover Amounts; then, to the Mezzanine Certificates and the Class B Certificates, up to the amount of the related Net WAC Rate Carryover Amount, in the following order of priority: first to the Class M‑1 Certificates, second to the Class M‑2 Certificates, third to the Class M‑3 Certificates, fourth to the Class M‑4 Certificates, fifth to the Class M‑5 Certificates, sixth to the Class M‑6 Certificates, seventh to the Class M‑7 Certificates, eighth to the Class M‑8 Certificates, ninth to the Class M‑9 Certificates, tenth to the Class B-1 Certificates, B‑1 Certificates and eleventh to the Class B-2 B‑2 Certificates, in each case to the extent of such amounts remaining in the Reserve Fund. On the Distribution Date on which the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class B Certificates has been reduced to zero, after making all other distributions on such Distribution Date (including to the Class A Certificates, the Mezzanine Certificates and the Class B Certificates out of the Reserve Fund), the Trustee shall distribute all remaining amounts in the Reserve Fund to the Holders of the Class C Certificates.

Distributions from the Reserve Fund. On each Distribution Date, after making the distributions of the REMIC III Distribution Amounts as provided in Sections 4.05(a) and (d), the Trustee shall withdraw from the Reserve Fund the amounts on deposit therein and shall distribute such amounts in the following order of priority: first, concurrently, to the Class A Certificates, up to the amount of the related Net WAC Rate Carryover Amount, allocated among the Class A Certificates, pro rata, based on their respective Net WAC Rate Carryover Amounts; then, to the Mezzanine Certificates and the Class B Certificates, up to the amount of the related Net WAC Rate Carryover Amount, in the following order of priority: first to the Class M‑1 Certificates, second to the Class M‑2 Certificates, third to the Class M‑3 Certificates, fourth to the Class M‑4 Certificates, fifth to the Class M‑5 Certificates, sixth to the Class M‑6 Certificates, seventh to the Class M‑7 Certificates, eighth to the Class M‑8 Certificates, Certificates and ninth to the Class M‑9 Certificates, tenth to the Class B-1 Certificates, and eleventh to the Class B-2 Certificates, in each case to the extent of such amounts remaining in the Reserve Fund. On the Distribution Date on which the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class B Mezzanine Certificates has been reduced to zero, after making all other distributions on such Distribution Date (including to the Class A Certificates, the Mezzanine Certificates and the Class B Mezzanine Certificates out of the Reserve Fund), the Trustee shall distribute all remaining amounts in the Reserve Fund to the Holders of the Class C Certificates.

Distributions from the Reserve Fund. On each Distribution Date, after making the distributions of the REMIC III Distribution Amounts as provided in Sections 4.05(a) and (d), the Trustee shall withdraw from the Reserve Fund the amounts on deposit therein and shall distribute such amounts in the following order of priority: first, concurrently, to the Class A Certificates, up to the amount of the related Net WAC Rate Carryover Amount, allocated among the Class A Certificates, pro rata, based on their respective Net WAC Rate Carryover Amounts; then, to the Mezzanine Certificates and the Class B Certificates, up to the amount of the related Net WAC Rate Carryover Amount, in the following order of priority: first to the Class M‑1 Certificates, second to the Class M‑2 Certificates, third to the Class M‑3 Certificates, fourth to the Class M‑4 Certificates, fifth to the Class M‑5 Certificates, sixth to the Class M‑6 Certificates, seventh to the Class M‑7 Certificates, eighth to the Class M‑8 Certificates, ninth to the Class M‑9 Certificates, tenth to the Class B-1 M-10 Certificates, and eleventh to the Class B-2 B Certificates, in each case to the extent of such amounts remaining in the Reserve Fund. On the Distribution Date on which the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class B Certificates has been reduced to zero, after making all other distributions on such Distribution Date (including to the Class A Certificates, the Mezzanine Certificates and the Class B Certificates out of the Reserve Fund), the Trustee shall distribute all remaining amounts in the Reserve Fund to the Holders of the Class C Certificates.

Distributions from the Reserve Fund. On each Distribution Date, after making the distributions of the REMIC III Distribution Amounts as provided in Sections 4.05(a) and (d), the Trustee shall withdraw from the Reserve Fund the amounts on deposit therein and shall distribute such amounts in the following order of priority: first, concurrently, to the Class A Certificates, up to the amount of the related Net WAC Rate Carryover Amount, allocated among the Class A Certificates, pro rata, based on their respective Net WAC Rate Carryover Amounts; then, to the Mezzanine Certificates and the Class B Certificates, up to the amount of the related Net WAC Rate Carryover Amount, in the following order of priority: first to the Class M‑1 Certificates, second to the Class M‑2 Certificates, third to the Class M‑3 Certificates, fourth to the Class M‑4 Certificates, fifth to the Class M‑5 Certificates, sixth to the Class M‑6 Certificates, seventh to the Class M‑7 Certificates, eighth to the Class M‑8 Certificates, ninth to the Class M‑9 Certificates, Certificates and tenth to the Class B-1 Certificates, and eleventh to the Class B-2 B Certificates, in each case to the extent of such amounts remaining in the Reserve Fund. On the Distribution Date on which the Certificate Principal Balance of the Class A Certificates, the Mezzanine Certificates and the Class B Certificates has been reduced to zero, after making all other distributions on such Distribution Date (including to the Class A Certificates, the Mezzanine Certificates and the Class B Certificates out of the Reserve Fund), the Trustee shall distribute all remaining amounts in the Reserve Fund to the Holders of the Class C Certificates.