Common use of Distributions on the Certificates Clause in Contracts

Distributions on the Certificates. (a) The 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 Payment Account for distribution to the Residual Certificateholders pursuant to Section 4.05 of the Sale and Servicing Agreement, to the extent such funds are received by the Certificate Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02- herein); (ii) second, to the Holders of the Class S Certificates, as set forth in Section 3.03 of the Indenture; (iii) third, to the Holders of the Class E Certificates, the Class E Distribution Amount reduced by amounts distributed in Sections 3.03(a)(5) and 3.03(a)(8) of the Indenture; and (iv) fourth, to the Holders of the Residual Certificates, any remaining amounts after distributions pursuant to clauses (i), (ii) and (iii) above, based on the related REMIC in which such amounts remain. provided, that on the Payment Date on which the Redemption Price is distributed, the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class S Certificates shall be distributed pursuant to this Section 3.11(a) to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class E Certificates shall be distributed pursuant to this Section 3.11(a) to the Class E Certificateholders, as applicable.

Distributions on the Certificates. (a) The 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 Payment Account for distribution to the Residual Certificateholders pursuant to Section 4.05 3.02 of the Sale and Servicing AgreementIndenture, to the extent such funds are received by the Certificate Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02- 7.02 herein); (ii) second, to the Holders of the Class S Certificates, as set forth in Section 3.03 3.02 of the Indenture; (iii) third, to the Holders of the Class E Certificates, 100% of the amounts distributed in respect of the Class E Distribution Amount reduced by amounts distributed in Sections 3.03(a)(5) and 3.03(a)(8) of the IndentureInterest; and (iv) fourth, to the Holders of the Residual Certificates, any remaining amounts after distributions pursuant to clauses (i), (ii) and (iii) above, based on the related REMIC in which such amounts remain. provided, that on the Payment Date on which the Redemption Price is distributed, the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class S Certificates shall be distributed pursuant to this Section 3.11(a) to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class E Certificates shall be distributed pursuant to this Section 3.11(a) to the Class E Certificateholders, as applicable.

Distributions on the Certificates. (a) The Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. . (a) With respect to the Certificateholders and any Payment Date, any amounts remaining in the Payment Account for distribution to the Residual Certificateholders pursuant to Section 4.05 3.02 of the Sale and Servicing AgreementIndenture, to the extent such funds are received by the Certificate Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02- 7.02 herein); (ii) second, to the Holders of the Class S Certificates, as set forth in Section 3.03 3.02 of the Indenture; (iii) third, to the Holders of the Class E Certificates, the Class E Distribution Amount reduced by amounts distributed in Sections 3.03(a)(5) and 3.03(a)(8) of the IndentureAmount; and (iv) fourth, to the Holders of the Residual Certificates, any remaining amounts after distributions pursuant to clauses (i), (ii) and (iii) above, based on the related REMIC in which such amounts remain. provided, that on the Payment Date on which the Redemption Price is distributed, the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class S Certificates shall be distributed pursuant to this Section 3.11(a) to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class E Certificates shall be distributed pursuant to this Section 3.11(a3.11(a)(iii) to the Class E Certificateholders, as applicable.

Distributions on the Certificates. (a) The 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 Payment Account for distribution to the Residual Certificateholders pursuant to Section 4.05 4.06 of the Sale and Servicing Agreement, to the extent such funds are received by the Certificate Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02- herein); (ii) second, to the Holders of the Class S Certificates, as set forth in Section 3.03 of the Indenture; (iii) third, to the Holders of the Class E X Certificates, the Class E X Distribution Amount reduced by amounts distributed in Sections 3.03(a)(53.02(3) and 3.03(a)(83.03(5) of the Indenture; and (iv) fourth, to the Holders of the Residual Certificates, any remaining amounts after distributions pursuant to clauses (i), (ii) and (iii) above, based on the related REMIC in which such amounts remain. provided, that on the Payment Date on which the Redemption Price is distributed, the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class S Certificates shall be distributed pursuant to this Section 3.11(a) 3.11 to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance of the Class E X Certificates shall be distributed pursuant to this Section 3.11(a) 3.11 to the Class E X Certificateholders, as applicable.

Distributions on the Certificates. (a) The Certificateholders will be entitled to distributions on each Payment Date, as provided in this Agreement, the Sale and Servicing Agreement and the Indenture. . (a) With respect to the Group I Certificateholders (other than Class I-X Certificateholders) and any Payment Date, any amounts remaining in the Payment Account for distribution to the Residual Group I Certificateholders (other than Class I-X Certificateholders) pursuant to Section 4.05 3.02 of the Sale and Servicing AgreementIndenture, to the extent such funds are received by the Certificate Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02- 7.02 herein); (ii) second, to the Holders of the Class I-S Certificates, as set forth in Section 3.03 3.02 of the Indenture; (iii) third, to the Holders of the Class I-E Certificates, the Class E Distribution Amount reduced by amounts distributed in Sections 3.03(a)(53.02(a)(x), 3.02(c)(1)(vi) and 3.03(a)(83.02(c)(2)(xiii) of the Indenture; and (iv) fourth, to the Holders of the Group I Residual Certificates, any remaining amounts after distributions pursuant to clauses (i), (ii) and (iii) above, based on the related REMIC in which such amounts remain. provided. (b) With respect to the Group II Certificateholders (other than Class II-X Certificateholders) and any Payment Date, that on any amounts remaining in the Payment Date on which Account for distribution to the Redemption Price is distributed, the portion, if any, Group II Certificateholders (other than Class II-X Certificateholders) pursuant to Section 3.02 of the Redemption Price equal Indenture, to the extent such funds are received by the Certificate Principal Balance Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to the Operative Agreements (including Section 7.02 herein); (ii) second, to the Holders of the Class S II-C Certificates, the amounts distributed in Sections 3.02(e)(1)(xi), 3.02(e)(2)(xi) and 3.02(h)(vi) of the Indenture; and (iii) third, to the Holders of the Group II Residual Certificates and the Class I-R Certificates, any remaining amounts after the distributions pursuant to clauses (i) and (ii) above, based on the related REMIC in which such amounts remain. (c) With respect to the Group III Certificateholders (other than Class III-X Certificateholders) and any Payment Date, any amounts remaining in the Payment Account for distribution to the Group III Certificateholders (other than Class III-X Certificateholders) pursuant to Section 3.02 of the Indenture, to the extent such funds are received by the Certificate Paying Agent, shall be distributed by the Certificate Paying Agent as follows: (i) first, to the Owner Trustee, any unpaid and unreimbursed Expenses due and owing to it pursuant to this the Operative Agreements (including Section 3.11(a7.02 herein); (ii) second, to the Class S Certificateholders and the portion, if any, of the Redemption Price equal to the Certificate Principal Balance Holders of the Class E III-C Certificates, the amounts distributed in Sections 3.02(g)(1)(xi), 3.02(g)(2)(xi) and 3.02(h)(vi) of the Indenture; and (iii) third, to the Holders of the Group III Residual Certificates, the Class II-R-2 Certificates shall be distributed and the Class I-R Certificates, any remaining amounts after the distributions pursuant to this Section 3.11(aclauses (i) to and (ii) above, based on the Class E Certificateholders, as applicablerelated REMIC in which such amounts remain.