Common use of Distributions on Certificates; Xxxxxx Mae Guaranty Clause in Contracts

Distributions on Certificates; Xxxxxx Mae Guaranty. On or before each Determination Date (or as soon thereafter as is reasonably practicable), Xxxxxx Xxx shall calculate the Certificate Distribution Amount for the current calendar month. On each Distribution Date, Xxxxxx Mae shall withdraw from the Certificate Account the applicable portion of the Certificate Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Certificates in the respective amounts and in the applicable manner determined as provided herein. In the event that the amount on deposit in the Certificate Account on any Distribution Date shall be less than the applicable portion of the Certificate Distribution Amount, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Certificate Distribution Amount shall be insufficient to pay all interest due and payable on the Certificates during a particular month or