Common use of Distributions on REMIC Regular Interests Clause in Contracts

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 the Trustee, on behalf of 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 the Trustee, on behalf of REMIC VI as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests, 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, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution Amount. (d) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI Interests (other than REMIC VI Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VII, as the holder of REMIC VI 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 VI Distribution Amount. (e) 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 VII Regular Interest, the amounts set forth in the definition of REMIC VII Distribution Amount. (f) 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-3)

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Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator shall be deemed to distribute, distribute to the Trustee on behalf of REMIC IV III as the holder of the REMIC I Regular Interests and REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R CertificatesCertificate, 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 V as the holder of the REMIC II Regular Interests, Amount and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC II Distribution Amount.. 134 (cb) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, Trustee on behalf of REMIC VI IV as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests, those portions of the REMIC III Distribution Amount not designated to Component III of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution Amount. (dc) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI IV Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI IV Interests (other than REMIC VI IV Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VIIV, as the holder of REMIC VI 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 VI IV Distribution Amount. (ed) 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 VII V Regular Interest, the amounts set forth in the definition of REMIC VII V Distribution Amount. (fe) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.106.07, distributions of funds from the Distribution Account shall be made only in accordance with Sections 6.01 and 6.02.. 135

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-1)

Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator shall be deemed to distributedistribute to the Trustee, to on behalf of 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 the Trustee, on behalf of 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 the Trustee, on behalf of REMIC VI as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Regulart Interests, 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, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution AmountX Xxxxxxxxxxxx Xxxxxx. (dx) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI Interests (other than REMIC VI Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VII, as the holder of REMIC VI 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 VI Distribution Amount. (e) 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 VII Regular Interest, the amounts set forth in the definition of REMIC VII Distribution Amount. (f) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.106.07, distributions of funds from the Distribution Account shall be made only in accordance with Sections 6.01 and 6.02.. 170

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-3)

Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator shall be deemed to distribute, distribute to the Trustee on behalf of REMIC IV III as the holder of the REMIC I Regular Interests and REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R CertificatesCertificate, 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 V as the holder of the REMIC II Regular Interests, Amount and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC II Distribution Amount. (cb) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, Trustee on behalf of REMIC VI IV as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests, those portions of the REMIC III Distribution Amount not designated to Component III of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution Amount. (dc) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI IV Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI IV Interests (other than REMIC VI IV Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VIIV, as the holder of REMIC VI 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 VI IV Distribution Amount. (ed) 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 VII V Regular Interest, the amounts set forth in the definition of REMIC VII V Distribution Amount. (fe) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.106.07, distributions of funds from the Distribution Account shall be made only in accordance with Sections 6.01 and 6.02.. 130

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-2, Mortgage Pass-Through Certificates, Series 2006-2)

Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator shall be deemed to distribute, distribute to the Trustee on behalf of REMIC IV III as the holder of the REMIC I Regular Interests and REMIC II Regular Interests, those portions of the REMIC I Distribution Amount not designated to Component I of the Class R CertificatesCertificate, 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 V as the holder of the REMIC II Regular Interests, Amount and those portions of the REMIC II Distribution Amount not designated to Component II of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC II Distribution Amount. (cb) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, Trustee on behalf of REMIC VI IV as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests, those portions of the REMIC III Distribution Amount not designated to Component III of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definition of REMIC III Distribution Amount, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution Amount. (dc) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI IV Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI IV Interests (other than REMIC VI IV Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VIIV, as the holder of REMIC VI 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 VI IV Distribution Amount. (ed) 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 VII V Regular Interest, the amounts set forth in the definition of REMIC VII V Distribution Amount. (fe) 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-2, Mortgage Pass-Through Certificates, Series 2006-2)

Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator shall be deemed to distribute, to REMIC IV 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 V 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. (c) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, on behalf of REMIC VI as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests Amount and REMIC V Regular Interests, 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, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution Amount. (dc) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI IV Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI IV Interests (other than REMIC VI IV Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VIIV, as the holder of REMIC VI 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 VI IV Distribution Amount. (ed) 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 VII V Regular Interest, the amounts set forth in the definition of REMIC VII V Distribution Amount. (fe) 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-7)

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 the Trustee, on behalf of 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. (cb) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, on behalf of REMIC VI V as the holder of the REMIC I Regular Interests, REMIC III Regular Interests, and REMIC IV Regular Interests 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 V Regular InterestsI Distribution Amountthose, 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, Amount and those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of Amount. (c) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC V Distribution Amount not designated to Component V to: (i) the holders of the Certificates (other than the Class R B-IO Certificates), as the holders of the REMIC V Interests (other than REMIC V Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VI, as the holder of REMIC V 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 V Distribution Amount. (d) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI Interests (other than REMIC VI Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VII, as the holder of REMIC VI 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 VI Distribution Amount. (e) 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 VII VI Regular Interest, the amounts set forth in the definition of REMIC VII VI Distribution Amount. (fe) 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6)

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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 the Trustee, on behalf of 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. (cb) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, on behalf of REMIC VI V as the holder of the REMIC I Regular Interests, REMIC III Regular Interests, and REMIC IV Regular Interests 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 V Regular InterestsI Distribution Amountthose, 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, Amount and those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of Amount. (c) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC V Distribution Amount not designated to Component V to: (i) the holders of the Certificates (other than the Class R B-IO Certificates), as the holders of the REMIC V Interests (other than REMIC V Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VI, as the holder of REMIC V 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 V Distribution Amount. (d) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI Interests (other than REMIC VI Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VII, as the holder of REMIC VI 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 VI Distribution Amount. (e) 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 VII VI Regular Interest, the amounts set forth in the definition of REMIC VII VI Distribution Amount. (fe) 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.. ARTICLE VII

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-6)

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 distribute, to the Trustee, on behalf of 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 distribute, to the Trustee, on behalf of REMIC VI III-B as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V III-A Regular Interests, those portions of the REMIC III III-A Distribution Amount not designated to Component III III-A of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC III III-A Distribution Amount. (d) On each Distribution Date, the Securities Administrator shall be deemed to distribute, to REMIC VI as the holder of the REMIC III-B Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests, those portions of the REMIC III-B Distribution Amount not designated to Component III-B of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC III-B Distribution Amount, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution Amount. (de) On each Distribution Date, the Securities Administrator shall be deemed to distribute the REMIC VI Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI Interests (other than REMIC VI Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VII, as the holder of REMIC VI 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 VI Distribution Amount. (ef) 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 VII Regular Interest, the amounts set forth in the definition of REMIC VII Distribution Amount. (fg) 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.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bear Stearns ALT-A Trust 2006-4)

Distributions on REMIC Regular Interests. (a) On each Distribution Date, the Securities Administrator Trustee shall be deemed to distribute, distribute to itself on behalf of REMIC IV III 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 CertificatesCertificate, 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 Trustee shall be deemed to distribute to the Trustee, itself on behalf of REMIC V IV as the holder of the REMIC II Regular Interests and REMIC III Regular Interests, those portions of the REMIC II Distribution Amount and REMIC III Distribution Amount not designated to Component II or Component III of the Class R CertificatesCertificate, in the amounts and in accordance with the priorities set forth in the definition definitions of REMIC II Distribution Amount and REMIC III Distribution Amount. (c) On each Distribution Date, the Securities Administrator shall be deemed to distribute to the Trustee, on behalf of REMIC VI as the holder of the REMIC III Regular Interests, REMIC IV Regular Interests and REMIC V Regular Interests, 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, those portions of the REMIC IV Distribution Amount not designated to Component IV of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC IV Distribution Amount and those portions of the REMIC V Distribution Amount not designated to Component V of the Class R Certificates, in the amounts and in accordance with the priorities set forth in the definition of REMIC V Distribution Amount. (d) On each Distribution Date, the Securities Administrator Trustee shall be deemed to distribute the REMIC VI IV Distribution Amount to: (i) the holders of the Certificates (other than the Class B-IO Certificates), as the holders of the REMIC VI IV Interests (other than REMIC VI IV Regular Interests B-IO-I and B-IO-P) and (ii) itself on behalf of REMIC VIIV, as the holder of REMIC VI 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 VI IV Distribution Amount. (ed) On each Distribution Date, the Securities Administrator Trustee shall be deemed to distribute to the holder of the Class B-IO Certificates, as the holder of the REMIC VII V Regular Interest, the amounts set forth in the definition of REMIC VII V Distribution Amount. (fe) Notwithstanding the deemed distributions on the REMIC Regular Interests described in this Section 6.106.07, distributions of funds from the Distribution Account shall be made only in accordance with Sections 6.01 6.01.1 and 6.026.01.2.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 05 2)

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