Common use of Distributions of Interest Funds Clause in Contracts

Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following priority, until such Interest Funds have been fully distributed: (i) to the Swap Account, the amount of any Net Swap Payment and Swap Termination Payments (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty under the Swap Contract with respect to that Distribution Date; (ii) concurrently to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date, pro rata, based on the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and (iii) sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0, Xxxss M-5 and Class M-6 Certificates, in that order, the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and (iv) for application as part of the Excess Cashflow for that Distribution Date, pursuant to Section 4.02(c) below.

Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority, until such Interest Funds have been fully distributed: (i) to the Swap Account, the amount of any Net Swap Payment and Swap Termination Payments (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty under the Swap Contract with respect to that Distribution Date; (ii) concurrently to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each such Class of those Classes and that Distribution Date, pro rata, based on the amount of interest each Class is entitled to receive on that Distribution Date; provided, however, that if funds available are insufficient to pay that amount, any resulting shortfalls will be allocated pro rata on the basis of Current Interest and Interest Carry Forward Amount for each Amounts due such Class and Classes on that Distribution Date; and (iiiii) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Xxxxx X-0, Xxxss M-5 M-8 and Class M-6 M-9 Certificates, in that order, the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and (iviii) for application as part of the Excess Cashflow for that Distribution Date, pursuant to Section 4.02(c) below, any such Interest Funds remaining undistributed for that Distribution Date.

Distributions of Interest Funds. On each Distribution Date (or in the case of payments to the Swap Counterparty, the Business Day prior to each Distribution Date), the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority, until such Interest Funds have been fully distributed: (i) to the Swap Account, the amount of any Net Swap Payment and Swap Termination Payments (other than a any Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty under the Swap Contract with respect to that Distribution DateDate (including amounts remaining unpaid from previous Distribution Dates); (ii) concurrently to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each such Class of those Classes and that Distribution Date, pro rata, based on the amount of interest each Class is entitled to receive on that Distribution Date; provided, however, that if funds available are insufficient to pay that amount, any resulting shortfalls will be allocated pro rata on the basis of Current Interest and Interest Carry Forward Amount for each Amounts due such Class and Classes on that Distribution Date; and (iii) sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0M-4, Xxxss M-5 and Class M-6 M-5, Class M-6, Cxxxx X-0 xxx Xlass M-8 Certificates, in that order, the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and (iv) for application as part of the Excess Cashflow for that Distribution Date, pursuant to Section 4.02(c) below, any such Interest Funds remaining undistributed for that Distribution Date.

Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority, until such Interest Funds have been fully distributed: (i) to the Swap Account, the amount of any Net Swap Payment and Swap Termination Payments (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty under the Swap Contract with respect to that Distribution Date; (ii) concurrently to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each such Class of those Classes and that Distribution Date, pro rata, based on the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and (iii) sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0, Xxxss M-5 Xxxxs M-5, Class M-6, Class M-7 and Class M-6 M-8 Certificates, in that order, the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and (iv) for application as part of the Excess Cashflow for that Distribution Date, pursuant to Section 4.02(c) below.