Distributions on REMIC Regular Interests Sample Clauses

Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator shall be deemed to distribute, to REMIC II as the holder of the REMIC I Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount. (b) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, on behalf of REMIC IV as the holder of the REMIC II Regular Interests and the REMIC III Regular Interests, those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC II Distribution Amount and those portions of the REMIC III Distribution Amount not designated to Component III of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount. (c) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC IV Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC IV Interests (other than REMIC IV Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC V, as the holder of REMIC IV Regular Interests B-IO-I and B-IO-P, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount. (d) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the holder of the Class B-IO Certificates, as the holder of the REMIC V Regular Interest, the amounts set forth in the definition of REMIC V Distribution Amount. (e) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.10, distributions of funds from the Distribution Account shall be made only in accordance with Sections 6.01 and 6.02.

Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator shall be deemed to distribute, to REMIC IV as the holder of the REMIC I Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC I Distribution Amount. (b) On each Distribution Date, the Securities Administrator shall be deemed to distribute, to REMIC V as the holder of the REMIC II Regular Interests, those portions of the REMIC II Distribution Amount not designated to Component II of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC II Distribution Amount. (c) On each Distribution Date, the Securities Administrator shall be deemed to distribute, to REMIC III-B as the holder of the REMIC III-A Regular Interests, those portions of the REMIC III-A Distribution Amount not designated to Component III-A of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC III-A Distribution Amount.