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

Distributions on Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account Available Funds and shall make the distributions to the Holders of each Class of Certificates in the respective amounts and in the applicable manner determined pursuant to Section 3.02. In the event that the portion of Available Funds allocable to principal shall be less than the Principal Distribution Amount, or, the portion of Available Funds allocable to interest shall be shall be insufficient to pay all interest due and payable on the Certificates during a particular month, then Xxxxxx Mae shall apply its own funds in respective amounts sufficient to remedy the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be a distribution of principal for purposes of all future calculations of Class Factors. In addition, in the event that the Class Balance of any Class (other than the Interest Only Class) is greater than zero on the Final Distribution Date after giving effect to all distributions of principal on that date from Available Funds, then Xxxxxx Xxx shall apply its own funds in respective amounts sufficient to reduce the Class Balance of each such Class to zero on such date.

Distributions on Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account Available Funds and shall make the distributions to the Holders of each Class of Certificates in the respective amounts and in the applicable manner determined pursuant to Section 3.02. In the event that the portion of Available Funds allocable to principal shall be less than the Principal Distribution Amount, or, the portion of Available Funds allocable to interest shall be shall be insufficient to pay all interest due and payable on the Certificates during a particular month, then Xxxxxx Mae shall apply its own funds in respective amounts sufficient to remedy the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be a distribution of principal for purposes of all future calculations of Class Factors. In addition, in the event that the Class Balance of any Class (other than the Interest Only ClassClasses) is greater than zero on the Final Distribution Date after giving effect to all distributions of principal on that date from Available Funds, then Xxxxxx Xxx shall apply its own funds in respective amounts sufficient to reduce the Class Balance of each such Class to zero on such date.

Distributions on Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Certificate Account Available Funds and shall make the distributions to the Holders of each Class of Certificates in the respective amounts and in the applicable manner determined pursuant to Section 3.02. In the event that the portion of Available Funds allocable to principal shall be less than the Principal Distribution Amount, or, or the portion of Available Funds allocable to interest shall be shall be insufficient to pay all interest due and payable on the Certificates during a particular month, then Xxxxxx Mae shall apply its own funds in respective amounts sufficient to remedy the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be a distribution of principal for purposes of all future calculations of Class Factors. In addition, in the event that the Class Balance of any Class (other than the Interest Only Class) is greater than zero on the Final Distribution Date after giving effect to all distributions of principal on that date from Available Funds, then Xxxxxx Xxx shall apply its own funds in respective amounts sufficient to reduce the Class Balance of each such Class to zero on such date.