Common use of Distributions of Principal Distribution Amount Clause in Contracts

Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the aggregate Principal Distribution Amount for that Distribution Date shall be distributed (with the aggregate Principal Remittance Amount being applied first and the Extra Principal Distribution Amount being applied thereafter) by the Trustee from the Distribution Account in the following priority until the aggregate Principal Distribution Amount has been fully distributed: (i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority: (1) concurrently:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx4), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx6)

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Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the aggregate Principal Distribution Amount for that Distribution Date with respect to each Loan Group shall be distributed allocated (with the aggregate Principal Remittance Amount being applied first and the Extra Principal Distribution Amount being applied thereafter) by the Trustee from the Distribution Account in the following priority until the aggregate Principal Distribution Amount has been fully distributedpriority: (i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority: (1) : first, concurrently:,

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar27), Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar35)

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Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the aggregate Principal Distribution Amount for that Distribution Date shall be distributed (with the aggregate Principal Remittance Amount being applied first and the Extra Principal Distribution Amount being applied thereafter) by the Trustee from the Distribution Account in the following priority until the aggregate Principal Distribution Amount has been fully distributed: (i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following priority: (1) concurrently:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2007-Flx5)

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