Distributions on Residual Certificates. (a) The Residual Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. With respect to any Payment Date, any amounts remaining in the Distribution Account for payment to the Residual Certificateholders pursuant to Section 8.7(b)(xiv) of the Indenture, to the extent such funds are received by the Owner Trustee, shall be distributed by the Owner Trustee as follows:
Appears in 3 contracts
Samples: Trust Agreement (Greenpoint Mortgage Securities LLC), Trust Agreement (GreenPoint Home Equity Loan Trust 2004-4), Trust Agreement (GreenPoint Home Equity Loan Trust 2004-3)
Distributions on Residual Certificates. (a) The Residual Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. With respect to any Payment Date, any amounts remaining in the Distribution Payment Account for payment distribution to the Residual Certificateholders pursuant to Section 8.7(b)(xiv) 5.03 of the IndentureSale and Servicing Agreement, to the extent such funds are received by the Owner Trustee, shall be distributed by the Owner Trustee as follows:
Appears in 2 contracts
Samples: Trust Agreement (Greenpoint Mortgage Funding Trust 2005-He4), Sale and Servicing Agreement (Greenpoint Mortgage Funding Trust 2005-He1)
Distributions on Residual Certificates. (a) The Holders of the Residual Certificateholders Certificates will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. With respect to any Payment Date, any amounts remaining in the Distribution Account for payment to the Residual Certificateholders pursuant to Section 8.7(b)(xiv) of the Indenture, to the extent such funds are received by the Owner Trustee, shall be distributed by the Owner Trustee as follows:Pooling Agreement.
Appears in 2 contracts
Samples: Trust Agreement (Greenpoint Mortgage Securities Inc/), Trust Agreement (Greenpoint Mortgage Securities Inc/)
Distributions on Residual Certificates. (a) The Residual Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. With respect to any Payment Date, any amounts remaining in the Distribution Account for payment to the Residual Certificateholders pursuant to Section 8.7(b)(xiv) [5.03(b)(xi)] of the Indenture, to the extent such funds are received by the Owner Trustee, shall be distributed by the Owner Trustee as follows:
Appears in 1 contract
Samples: Trust Agreement (Lehman Abs Corp)
Distributions on Residual Certificates. (a) The Residual Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. With respect to any Payment Date, any amounts remaining in the Distribution Account for payment to the Residual Certificateholders pursuant to Section 8.7(b)(xiv8.7(b)(xiii) of the Indenture, to the extent such funds are received by the Owner Trustee, shall be distributed by the Owner Trustee as follows:
Appears in 1 contract
Samples: Trust Agreement (Greenpoint Mortgage Securities LLC)
Distributions on Residual Certificates. (a) The Residual Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. With respect to any Payment Date, any amounts remaining in the Distribution Account for payment to the Residual Certificateholders pursuant to Section 8.7(b)(xiv) of the Indenture, to the extent such funds are received by the Owner Trustee, shall be distributed by the Owner Trustee as follows:
Appears in 1 contract
Samples: Trust Agreement (Greenpoint Mortgage Securities LLC)