Common use of Distributions of REMIC III Clause in Contracts

Distributions of REMIC III. (a) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Available Funds in respect of REMIC III for such Distribution Date and shall apply such amount for the following purposes and in the following order of priority:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (PNC Mort Accept Corp Commerc Mort Pass THR Cert Ser 1999 Cm1), Pooling and Servicing Agreement (PNC Mort Sec Corp Com Mort Pass THR Cert Ser 2000-C1), Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)

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Distributions of REMIC III. (a) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Available Funds in respect of REMIC III for such Distribution Date and shall apply such amount for the following purposes and in the following order of priority:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Commercial Mortgage Pass Through Certificates Series 1998 C1), Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)

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