Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a): (i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto. (b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero. (c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c). (d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above. (e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07. (f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp), Pooling and Servicing Agreement (Impac Secured Assets Corp)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the following amounts (the "Uncertificated REMIC I Regular Interest Distribution Amounts Amounts") in the following order of priority to the extent of the Available Distribution Amount (less Funds for each Certificate Group other than the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):Group V Certificates:
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b8.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the each Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II of Group VI Certificates under Section 4.01(c3.05(a), as allocated thereto.
(b) The amount amounts described in Section 4.07(a)(ii8.04(a)(ii) shall be deemed distributed to (i) the Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y Interests with the amount to be distributed allocated among such interests in accordance with the priority assigned under Section 3.05(a) to each Class of Certificates bearing the (i) same designation or, in the case of the Class A-1 VI-AE-3 Certificates, (ii) to Uncertificated REMIC I Regular Interests VI-A-1a, VI-A-1b, VI-A-1c and VI-A-2, pro rata in accordance with the Uncertificated Principal Balances thereof, in the case of the Class A-2 VI-AE-4 Certificates, (iii) to Uncertificated REMIC I Regular Interest VI-A-1a, in the case of the Class A-4 VI-AE-6 Certificates and the Class VI-AE-8 Certificates, (iv) to Uncertificated REMIC I Regular Interests VI-A-1a, VI-A-1b and VI-A-1c, pro rata in accordance with the Uncertificated Principal Balances thereof, in the case of the Class A- 5 VI-AE-7 Certificates and the Class VI-AE-10 Certificates, (v) Class M-1 Certificatesto Uncertificated REMIC I Regular Interests VI-A-1a and VI-A-1b, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) pro rata in accordance with the Uncertificated Principal Balances thereof until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the a Class of Group VI Certificates under Section 4.04 3.05(d) shall be deemed allocated to the Uncertificated REMIC I Regular Interests in bearing the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC IIor, in the priority set forth in Sections 4.01(a) and (b)case of the Class VI-AE-3 Certificates, to Uncertificated REMIC I Regular Interests VI-A-1a, VI-A-1b, VI-A-1c and VI-A-2, pro rata in accordance with the Uncertificated Principal Balances thereof if in respect of principal or in accordance with Uncertificated Accrued Interest thereon if in respect of interest, in the case of the Class A-1VI-AE-4 Certificates and the Class VI-AE-5 Certificates, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the to Uncertificated REMIC I Regular Interest Distribution Amounts deemed VI-A-1a, in the case of the Class VI-AE-6 Certificates, the Class VI-AE-8 Certificates and the Class VI-AE-9 Certificates, to have been received by REMIC II from Uncertificated REMIC I under this Section 4.07Regular Interests VI-A-1a, VI-A-1b and VI-A-1c, pro rata in accordance with the Uncertificated Principal Balances thereof if in respect of principal or in accordance with Uncertificated Accrued Interest thereon if in respect of interest, in the case of the Class VI-AE-7 Certificates, the Class VI-AE-10 Certificates and the Class VI-AE-11 Certificates, to Uncertificated REMIC I Regular Interests VI-A-1a and VI-A-1b, pro rata in accordance with the Uncertificated Principal Balances thereof if in respect of principal or in accordance with Uncertificated Accrued Interest thereon if in respect of interest.
(fd) Amounts distributed pursuant to section 3.05(a), and Realized Losses allocated pursuant to Section 3.05(d), to (i) the Class VI-A-1a Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interst VI-AE-4 if in respect of principal or to REMIC II Regular Interests VI-AE-4 and VI-AE-5 pro rata in accordance with accrued interest thereon if in respect of interest, (ii) the Class VI-A-1b Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interest VI-AE-8 if in respect of principal or to REMIC II Regular Interests VI-AE-8 and VI-AE-9 pro rata in accordance with accrued interest thereon if in respect of interest, (iii) the Class VI-A-1c Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interest VI-AE-10 if in respect of principal or to REMIC II Regular Interests VI-AE-10 and VI-AE-11 pro rata in accordance with accrued interest thereon if in respect of interest, (iv) the Class VI-AE-3 Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interests VI-AE-4, VI-AE-8, VI-AE-10 and VI-A-2 pro rata in accordance with the Current Principal Amount thereof if in respect of principal or to REMIC II Regular Interests VI-AE-4, VI-AE-5, VI-AE-8, VI-AE-9, VI-AE-10, VI-AE-11 and VI-A-2 pro rata in accordance with accrued interest thereon if in respect of interest, (v) the Class VI-AE-6 Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interests VI-AE-4, VI-AE-8 and VI-AE-10 pro rata in accordance with the Current Principal Amount thereof if in respect of principal or to REMIC II Regular Interests VI-AE-4, VI-AE-5, VI-AE-8, VI-AE-9, VI-AE-10 and VI-AE-11 pro rata in accordance with accrued interest thereon if in respect of interest, (vi) the Class VI-AE-7 Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interests VI-AE-4 and VI-AE-8 pro rata in accordance with the Current Principal Amount thereof if in respect of principal or to REMIC II Regular Interests VI-AE-4, VI-AE-5, VI-AE-8 and VI-AE-9, pro rata in accordance with accrued interest thereon if in respect of interest, (vii) the Class VI-AE-8 Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interests VI-AE-4, VI-AE-8 and VI-AE-10 pro rata in accordance with the Current Principal Amount thereof if in respect of principal or to REMIC II Regular Interests VI-AE-4, VI-AE-5, VI-AE-8, VI-AE-9, VI-AE-10 and VI-AE-11 pro rata in accordance with accrued interest thereon if in respect of interest, (viii) the Class VI-AE-9 Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interests VI-AE-4, VI-AE-5, VI-AE-8, VI-AE-9, VI-AE-10 and VI-AE-11 pro rata in accordance with accrued interest thereon, (ix) the Class VI-AE-10 Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interests VI-AE-4 and VI-AE-8 pro rata in accordance with the Current Principal Amount thereof if in respect of principal or to REMIC II Regular Interests VI-AE-4, VI-AE-5, VI-AE-8 and VI-AE-9, pro rata in accordance with accrued interest thereon if in respect of interest and (x) the Class VI-AE-11 Certificates shall be deemed distributed, or allocated, to REMIC II Regular Interests VI-AE-4, VI-AE-5, VI-AE-8 and VI-AE-9, pro rata in accordance with accrued interest thereon.
(e) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests and the REMIC II Regular Interests described in this Section 4.078.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.013.05.
Appears in 2 contracts
Samples: Pooling Agreement (Bear Stearns Structured Products Inc. Trust 2007-R8), Pooling Agreement (Bear Stearns Structured Products Inc. Trust 2007-R8)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 A-3 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 A-6 Certificates, (v) Class A-7 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II CertificatesCertificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 10.04(a)(ii) shall be deemed distributed to Uncertificated REMIC I Regular Interests U, V, W, X, Y and (vi) Class A-7 CertificatesZ, with the amount to be distributed allocated among such interests in accordance with the priority assigned to the Corresponding Certificated Interests, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority Interests and to the extent holder of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Certificate, Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests and Class R-I Certificate, pro rata, for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) Distributions of principal from the Sub-Loan Group II-1 Loans and the Sub-Loan Group I-1 Loans shall be deemed distributed to (i) be made to the Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates R-II and Class R-II Certificates, and (vi) Class A-7 CertificatesI Certificate, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is the Uncertificated REMIC I Regular Interest R-II and the principal balance of the Class R-I Certificate have been reduced to zero.
(c) The portion Distributions of principal from the Sub-Loan Groups shall then be deemed to be made to the related Uncertificated REMIC I Regular Interests (other than Uncertificated REMIC I Regular Interest R-II) first, so as to keep the Uncertificated Principal Balance of each such related Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Sub-Loan Group; second, so as to keep the principal balance of each such related Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the related Sub-Loan Group I Subordinate Component (except that if on any Distribution Amounts described in Section 4.07(a)(ii) Date the Subordinate Component for any Sub-Loan Group is greater than the Subordinate Component for such Sub-Loan Group on the preceding Distribution Date, the least amount of principal shall be deemed distributed by to Uncertificated REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to Regular Interests I-A1-A, I-A2-A, I-A3-A, II-A1-A and II-A2-A such that assigned to the REMIC I Certificates under Section 4.01(cSubordinate Balance Ratio is maintained); and third, any remaining principal shall be distributed to Uncertificated REMIC I Regular Interests I-ZZZ or II-ZZZ, as applicable. Realized Losses on the Mortgage Loans in a Sub-Loan Group shall be applied after all distributions have been made on each Distribution Date first, so as to keep the related Uncertificated Principal Balance of each such related Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, Realized Losses shall be applied after all distributions have been made on each Distribution Date, so as to keep the principal balance of each related Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the related Sub-Loan Group Subordinate Component (except that if on any Distribution Date the Subordinate Component for any Group of Loans is greater than the Subordinate Component for such Group of Loans on the preceding Distribution Date, the least amount of Realized Losses shall be applied to Uncertificated REMIC I Regular Interests I-A1-A, I-A2-A, I-A3-A, II-A1-A and II-A2-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, the remaining Realized Losses shall be allocated to Uncertificated REMIC I Regular Interests I-ZZZ or II-ZZZ, as applicable.
(d) In determining from time to time the amounts distributable on the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountInterests, Realized Losses allocated to the Certificates under Section 4.04 REMIC II Regular Interests shall be deemed allocated to the Uncertificated REMIC I Regular Interests in accordance with the same amounts and priorities as allocated priority assigned to each related Class of Certificates (other than the Certificates in the corresponding numercial designation in 4.07(b) aboveClass R Certificates), respectively, under Section 4.05.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa4 Trust)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 A-3 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-10 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest U, (ii) Uncertificated REMIC I Regular Interest V, (iii) Uncertificated REMIC I Regular Interest W, (iv)Uncertificated REMIC I Regular Interest X, (v)Uncertificated REMIC I Regular Interest Y and (vi) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 (ii) Class A-3 and Class A-4 Certificates, (iii) Class A-5, Class A-6, Class A-8, Class A-11, Class A-12, Class A-13, Class A-14, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates, (iv) Class A-7 Certificates, (v) Class A-10 Certificates and (vi) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest W, (ii)Uncertificated REMIC I Regular Interest X, (iii)Uncertificated REMIC I Regular Interest Y and (iv) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates and Class A-2 Certificates, (ii) Class A-3, Class A-4, Class A-5, Class A-6, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, (iii) Class A-7 Certificates and Class A-8 Certificates, and (viiv) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests (other than REMIC I Regular Interest LT-AP) for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; andDate in the same manner as it is distributed to the Corresponding Certificate.
(iib) In accordance with On each Distribution Date, the priority set forth in Section 4.07(bTrustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, as principal on the Uncertificated REMIC I Regular Interests (other than REMIC I Regular Interest LT-AV), an amount equal to the sum of the amounts in respect of distributed as principal distributable on the Certificates (other than the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates R Certificates) under Section 4.01(cSections 4.02(a)(ii), as allocated thereto.
(biv), (vi), (viii), (x), (xii), (xiv) The amount described in Section 4.07(a)(iiand (xv) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TLT-1, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated LT-2 and REMIC I Regular Interest V, (iv) Uncertificated LT-3. Distributions on REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X LT-AP shall be make in the same manner and (vi) Uncertificated REMIC I Regular Interest Y with amounts as distributions are made on the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Corresponding Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated amounts to the Certificates under Section 4.04 shall be allocated distributed to the Uncertificated REMIC I Regular Interests, Realized Losses allocated under Section 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interests for the related Distribution Date to REMIC I Regular Interest LT-1, REMIC I Regular Interest LT-2 and REMIC I Regular Interest LT-3, in the same amounts and priorities manner as distributed to the Corresponding Certificates, except that Realized Losses on REMIC I Regular Interest LT-AP shall be allocated in the same manner as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificates.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.08, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a3.04(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b9.04(b), an amount equal to the sum of the amounts in respect of principal distributable on each Class of Certificates (other than the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates I Certificates) under Section 4.01(c3.04(a), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii9.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (viii) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to each Related Class of Certificates (other than the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II I Certificates, and (vi) Class A-7 Certificates), respectively, under Section 4.01(c) and (d3.04(a) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii9.04(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c3.04(a).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Amounts and Uncertificated REMIC II Regular Interest Distribution Amounts:
(i) Class A Loss Amounts allocated to the Class A-1 and Class A-5 Certificates under Section 3.09 shall be deemed allocated to Uncertificated REMIC I Regular Interest U Distribution AmountX; and
(ii) Class A Loss Amounts allocated to the Class A-2, Class A-3 and Class A-4 Certificates under Section 3.09 shall be deemed allocated to Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.Y.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b3.04(a), to the Holders of each Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and of Certificates (other than the Class R-II Certificates I Certificates) the amounts distributable thereon, thereon from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.079.04.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.079.01, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.013.04.
Appears in 1 contract
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-2A Certificates, Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-14A Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest W, (ii)Uncertificated REMIC I Regular Interest X, (iii) Uncertificated REMIC I Regular Interest Y and (iv) Uncertificated REMIC I Regular Interest Z, with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-15, Class A-16, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, and (ii) Class A-1 Certificates, (iii) Class A-2 Certificates, (iv) Class A-4 Certificates, (v) Class A-7 Certificates, (vi) Class A-7 A-8 Certificates, (vii) Class A-9 Certificates, (viii) Class A-10 Certificates, (ix) Class A-11 Certificates, (x) Class A-12 Certificates, (xi) Class A-13 Certificates, (xii) Class A-14 Certificates, (xiii) Class A-14A Certificates, (xiv) Class A-15 Certificates, (xv) Class A-16 Certificates and (xvi) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates Regular Interests under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.08(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-0, Xxxxx X-0, Class A-2A-3, Class A-4, Class X-0A-5, Xxxxx Class A-6, Class A-7, Class A-8, Class A-9, Class A-11, Class A-12, Class A-13, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates and Class A-10 Component A, D, F, G and H under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.08(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TQ, (ii) Uncertificated REMIC I Regular Interest US, (iii) Uncertificated REMIC I Regular Interest VT, (iv) Uncertificated REMIC I Regular Interest U, (v) [NY01B:304248.5] 16069-00388 02/27/97 1:33pm Uncertificated REMIC I Regular Interest V, (vi) Uncertificated REMIC I Regular Interest W, (vvii) Uncertificated REMIC I Regular Interest X and (viviii) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-3 Certificates, (iv) Class A- 5 A-6 Certificates, (v) Class M-1 A-7 Certificates, (vi) Class M-2 A-8 Certificates, (vii) Class M-3 CertificatesA-13 Certificates and (viii) Class A-4, Class B-1 CertificatesA-0, Xxxxx X-0, Class B-2 CertificatesA-11, Class A-12, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II CertificatesCertificates and Class A-10 Component A, D, F, G and (vi) Class A-7 CertificatesH, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.08(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.[NY01B:304248.5] 16069-00388 02/27/97 1:33pm
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Uncertificated REMIC II IO Regular Interests, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.074.08. The amount deemed distributable hereunder with respect to the Class A-14 Certificates shall equal 100% of the amounts payable with respect to the Uncertificated REMIC II IO Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.08, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority Interests and to the extent holder of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Certificate, Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests and Class R-I Certificate, pro rata, for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and.
(iib) In accordance Distributions of principal from the Group I Loans shall be deemed to be made to the Uncertificated REMIC I Regular Interest R-II and Class R-I Certificate, pro rata, until the Uncertificated Principal Balance of the Uncertificated REMIC I Regular Interest R-II and the principal balance of the Class R-I Certificate have been reduced to zero.
(c) Distributions of principal from the Loan Groups shall then be deemed to be made to the related Uncertificated REMIC I Regular Interests (other than Uncertificated REMIC I Regular Interest R-II) first, so as to keep the Uncertificated Principal Balance of each such related Uncertificated REMIC I Regular Interest ending with the priority set forth designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in Section 4.07(bthe related Loan Group; second, so as to keep the principal balance of each such related Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Component, the Group II Subordinate Component, the Group III Subordinate Component or the Group IV Subordinate Component, as the case may be (except that if on any Distribution Date the Subordinate Component for any Loan Group is greater than the Subordinate Component for such Loan Group on the preceding Distribution Date, the least amount of principal shall be distributed to Uncertificated REMIC I Regular Interests I-A, II-A, III-A and IV-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, any remaining principal shall be distributed to Uncertificated REMIC I Regular Interest ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, Realized Losses shall be applied after all distributions have been made on each Distribution Date, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Component, the Group II Subordinate Component, the Group III Subordinate Component or the Group IV Subordinate Component, as the case may be (except that if on any Distribution Date the Subordinate Component for any Group of Loans is greater than the Subordinate Component for such Group of Loans on the preceding Distribution Date, the least amount of Realized Losses shall be applied to Uncertificated REMIC I Regular Interests I-A, II-A, III-A and IV-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, the remaining Realized Losses shall be allocated to Uncertificated REMIC I Regular Interest ZZZ.
(d) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC II Regular Interests and to the holder of the Class R-II Certificate, Uncertificated Accrued Interest on the Uncertificated REMIC II Regular Interests and Class R-II Certificate, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date.
(e) Distributions of principal in an amount equal to the sum of the amounts in respect of principal distributable on the and allocated to each Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II of Certificates under Section 4.01(c)4.02 shall be deemed made by the Trustee to itself, as allocated theretothe holder of the Uncertificated REMIC II Regular Interests, in accordance with the priority set forth in subsection (f) below.
(bf) The amount described in Section 4.07(a)(iisubsection (e) above shall be deemed distributed with respect to (i) Uncertificated REMIC I II Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests Interests in accordance with the priority assigned to the (i) each Related Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 of Certificates, respectively, under Section 4.01(c) and (d) 4.02 until the Uncertificated Principal Balance of each such interest is reduced reduce to zero.
(c) The portion of zero and to the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC Class R-II Certificates in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I such Certificates under Section 4.01(c)4.02.
(dg) In determining from time to time the amounts distributable on the Uncertificated REMIC I II Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountInterests, Realized Losses allocated to the Certificates under Section 4.04 REMIC III Regular Interests shall be deemed allocated to the Uncertificated REMIC I II Regular Interests in accordance with the same amounts and priorities as allocated priority assigned to each Related Class of Certificates (other than the Certificates in the corresponding numercial designation in 4.07(b) aboveClass R Certificates), respectively, under Section 4.05.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fh) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests, as the case may be, described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2006- SA2 Trust)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-3 Certificates, Class A-4A-4 Certificates, Class X-0, Xxxxx A-7A-6 Certificates, Class M-1A-7 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-9 Certificates, Class B-2A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and X, (vi) Uncertificated REMIC I Regular Interest Y Y, and (vii) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 A-3 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-6, Class M-2 CertificatesA-10, Class M-3 CertificatesM-1, Class B-1 CertificatesM-2, Class B-2 CertificatesM-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, (v) Class A-7 and Class A-9-1 (vi) Class A-7 A-9-2 Certificates and (vii) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-6 Certificates, Class B-2A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-17 Certificates, Class A-18 Certificates, Class A-19 Certificates, Class A-20 Certificates, Class A-21 Certificates, Class A-22 Certificates, Class A-23 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B- 1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TQ, (ii) Uncertificated ii)Uncertificated REMIC I Regular Interest UR, (iii) Uncertificated REMIC I Regular Interest VS, (iv) Uncertificated REMIC I Regular Interest WT, (v) Uncertificated REMIC I Regular Interest X and V, (vi) Uncertificated REMIC I Regular Interest W, (vii) Uncertificated REMIC I Regular Interest X, (viii) Uncertificated REMIC I Regular Interest Y and (ix) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-3 Certificates, (iv) Class A- 5 A-4, Class A-5, Class A-6, Class A-7, Class A-11, Class A-12, Class A-13, Class A-15, Class A-16, Class A-21, Class A-22, Class A-23, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, (v) Class M-1 A-8 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 A-10 Certificates, (vii) Class A-14 Certificates, (viii) Class A-17 Certificates and (ix) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-0, Xxxxx X-0, Class A-2A-3, Class A-4, Class X-0A-5, Xxxxx Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-3, Class M-2 CertificatesA-0, Xxxxx X-0, Class M-3 CertificatesA-6, Class B-1 CertificatesA-7, Class B-2 CertificatesA-8, Class A-9, Class A-10, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, Certificates and (viii) Class A-7 A-1 Certificates, respectively, under Section 4.01(c) and (d4.01(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Class A-0, Xxxxx X-0, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.04 shall be deemed allocated to Uncertificated REMIC I Regular Interest X; Realized Losses allocated to the Class A-1 and Class A-2 Certificates under Section 4.04 shall be deemed allocated to Uncertificated REMIC I Regular Interest Y; and Realized Losses allocated to the Class A-11 Certificates pursuant to Section 4.04 shall be deemed allocated to the Uncertificated REMIC I IO Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveInterests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
. (f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-4 Certificates, Class X-0, Xxxxx A-7A-5 Certificates, Class M-1A-6 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-7 Certificates, Class B-2A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TW, (ii) Uncertificated REMIC I Regular Interest UX, (iii) Uncertificated REMIC I Regular Interest VY, and (iv) Uncertificated REMIC I Regular Interest WZ, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-4, Class M-2 CertificatesA-5, Class M-3 CertificatesA-6, Class B-1 CertificatesA-7, Class B-2 CertificatesM-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, Certificates and (viiv) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority priority, to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):Amount:
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.08(b), an amount equal to the sum of the amounts distributable in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 A-2 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I A-3 Certificates under Section 4.01(c).
(db) The amounts distributable in respect of principal on the Class A-1 Certificates shall be deemed distributed to Uncertificated REMIC I Regular Interest X. The amounts distributable in respect of principal on the Class A-2 and Class A-3 Certificates shall be deemed distributed to Uncertificated REMIC I Regular Interest Z.
(c) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution AmountAmounts, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, (i) Realized Losses allocated to the Class S and Class A-1 Certificates under Section 4.04 shall be deemed allocated to Uncertificated REMIC Regular Interest X and (ii) Realized Losses allocated to the Class A-2 and Class A-3 Certificates shall be deemed allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated Interest Z corresponding to the Certificates in the corresponding numercial designation in 4.07(b) aboverelated Mortgage Loans.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.08, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp Mort Pass THR Cert Ser 1995 5)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-6 Certificates, Class B-2A-7 Certificates, Class A-8 Certificates, Class A-8A Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, W and (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-1, Class M-2 CertificatesA-2, Class M-3 CertificatesA-3, Class B-1 CertificatesA-4, Class B-2 CertificatesA-5, Class A-6, Class A-7, Class A-9, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, (ii) Class A-8 Certificates and (viiii) Class A-7 A-10 Certificates, (iv) Class A-11 Certificates and (v) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date Date, the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-REMIC II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.0710.04. The amount deemed distributable hereunder with respect to the Class A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class A-V REMIC Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1I-A-1 Certificates, Class A-2I-A-2 Certificates, Class A-4I-A-3 Certificates, Class X-0, Xxxxx A-7I-A-4 Certificates, Class M-1I-A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1II-A-1 Certificates, Class B-2II-A-2 Certificates, Class II-A-3 Certificates, Class II-A-4 Certificates, Class II-A-5 Certificates, Class I-A-P Certificates, Class II-A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B- 1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TU, (ii) Uncertificated REMIC I Regular Interest UV, (iii) Uncertificated REMIC I Regular Interest VW, (iv) Uncertificated REMIC I Regular Interest WX, (v) Uncertificated REMIC I Regular Interest X Y and (vi) Uncertificated REMIC I Regular Interest Y Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 I-A-1, Class I-A-2, Class I-A-3, Class I-A-4 and Class I-A-5 Certificates, (ii) Class A-2 II-A-1, Class II-A-2, Class II-A-3, Class II-A-4, Class II-A-5 Certificates, (iii) Class A-4 M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, in each case to the extent derived from the Group I Loans, (iv) Class A- 5 M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, in each case to the extent derived from the Group II Loans, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 I-A-P Certificates and Class R-II Certificates, and (vi) Class A-7 II-A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date Date, the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-REMIC II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.0710.04. The amount deemed distributable hereunder with respect to the Class I-A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class I-A-V REMIC Regular Interests. The amount deemed distributable hereunder with respect to the Class II-A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class II-A-V REMIC Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest R, (ii) Uncertificated REMIC I Regular Interest S, (iii) Uncertificated REMIC I Regular Interest T, (iv)Uncertificated REMIC I Regular Interest U, (v)Uncertificated REMIC I Regular Interest V, (vi) Uncertificated REMIC I Regular Interest W, (vii) Uncertificated REMIC I Regular Interest X, (viii) Uncertificated REMIC I Regular Interest Y and (ix) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1, Class A-3, Class A-4, Class A-6, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, and (ii) Class A-2 Certificates, (iii) Class A-5 Certificates, (iv) Class A-7 Certificates, (v) Class A-8 Certificates, (vi) Class A-7 A-10 Certificates, (vii) Class A-11 Certificates, (viii) Class A-12 Certificates and (ix) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-5 Certificates, Class M-1A-6 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-7 Certificates, Class B-2A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-12 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and X, (vi) Uncertificated REMIC I Regular Interest Y Y, and (vii) Uncertificated REMIC I Regular Interest Z, with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 A-3 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-4, Class M-2 CertificatesA-5, Class M-3 CertificatesA-9, Class B-1 CertificatesA-10, Class B-2 CertificatesA-12, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, (iv) Class A-6 Certificates and Class A-7 Certificates, (v) Class A-8 Certificates, (vi) Class A-7 A-2 Certificates and (vii) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Group I Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):Funds and Group II Available Funds:
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b)6.05, an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1X-0, Xxxxx X-0, Class A-2A-3, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 A-5 and Class R-II A-6 Certificates under Section 4.01(c)6.05, as allocated theretothereto pursuant to Section 6.05.
(b) The amount described in Section 4.07(a)(ii6.14(a)(ii) with respect to the Class A-1 Certificates shall be deemed distributed first to Uncertificated REMIC I Regular Interest A-1-A, until the Uncertificated Principal Balance thereof has been reduced to zero, and second, to Uncertificated REMIC I Regular Interest A-1-B, until the Uncertificated Principal Balance thereof has been reduced to zero. The amount described in Section 6.14(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TA-2, (ii) Uncertificated REMIC I Regular Interest UA-3, (iii) Uncertificated REMIC I Regular Interest VA-4, (iv) Uncertificated REMIC I Regular Interest W, A-5 and (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y A-6 with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 A-2 Certificates, (ii) Class A-2 A-3 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, A-5 Certificates and (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 A-6 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) 6.05 until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a6.05(b) and (bc), to the Class A-1X-0, Class A-2Xxxxx X-0, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 II S and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.6.14. 97
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.076.14, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.016.05.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Southern Pacific Secured Assets Corp)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest N, (ii)Uncertificated REMIC I Regular Interest O, (iii) Uncertificated REMIC I Regular Interest P, (iv) Uncertificated REMIC I Regular Interest Q, (v) Uncertificated REMIC I Regular Interest S, (vi) Uncertificated REMIC I Regular Interest T (vii) Uncertificated REMIC I Regular Interest V, (viii) Uncertificated REMIC I Regular Interest W, (ix) Uncertificated REMIC I Regular Interest X, (x) Uncertificated REMIC I Regular Interest Y, and (xi) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-5, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates and the Class A-3-1 and Class A-3- 2 Components, (ii) Class A-1 Certificates, and (iii) Class A-2 Certificates, (iv) Class A-4 Certificates, (v) Class A-7 Certificates, (vi) Class A-7 A-8 Certificates, (vii) Class A-9 Certificates, (viii) Class A-10 Certificates, (ix) Class A-11 Certificates, (x) Class A-12 Certificates and (xi) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates Regular Interests under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest Q, (ii)Uncertificated REMIC I Regular Interest R, (iii) Uncertificated REMIC I Regular Interest S, (iv) Uncertificated REMIC I Regular Interest T, (v) Uncertificated REMIC I Regular Interest V and (vi) Uncertificated REMIC I Regular Interest W with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1, Class A-3, Class A-4, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, (ii) Class A-2 and Class A-8 Certificates, (iii) Class A-9 Certificates, (iv) Class A-5 Certificates, (v) Class A-7 Certificates and (vi) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-14 Certificates, Class A-15 Certificates, Class A-16 Certificates, Class A-17 Certificates, Class A-18 Certificates, Class A-19 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest V, (ii)Uncertificated REMIC I Regular Interest W, (iii) Uncertificated REMIC I Regular Interest X, (iv) Uncertificated REMIC I Regular Interest Y and (v) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-12, Class A-13, Class A-14, Class A-15, Class A-16, Class A-19, Class M- 1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-I Certificates, (ii) Class A-6, Class A-7, Class A-8 and Class A-9 Certificates, (iii) Class A-10 and Class A-11 Certificates, (iv) Class A-17 and Class A-18 Certificates and (viv) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1I-A-1 Certificates, Class A-2I-A-2 Certificates, Class A-4I-A-3 Certificates, Class X-0, Xxxxx A-7I-A-4 Certificates, Class M-1I-A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1I-A-6 Certificates, Class B-2I-A-7 Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class I-A-P Certificates, Class II-A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B- 1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TQ, (ii) Uncertificated REMIC I Regular Interest UR, (iii) Uncertificated REMIC I Regular Interest VS, (iv) Uncertificated REMIC I Regular Interest WT, (v) Uncertificated REMIC I Regular Interest X and V, (vi) Uncertificated REMIC I Regular Interest W, (vii) Uncertificated REMIC I Regular Interest X, (viii) Uncertificated REMIC I Regular Interest Y and (ix) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-3 Certificates, Class A-5 Certificates and Class A-7-5 Component, (iv) Class A- 5 A-4 Certificates, (v) Class M-1 A-6 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 II-A-1, Class II-A-2 and Class II-A-3, (vii) Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, (viii) Class
I- A-P Certificates and (ix) Class II-A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date Date, the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-REMIC II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.074.09. The amount deemed distributable hereunder with respect to the Class I-A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class I-A-V REMIC Regular Interests. The amount deemed distributable hereunder with respect to the Class II-A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class II-A-V REMIC Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-6 Certificates, Class B-2A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TS, (ii) Uncertificated ii)Uncertificated REMIC I Regular Interest UT, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and X, (vi) Uncertificated REMIC I Regular Interest Y and (vii) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 and Class A-4 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-5 Certificates, (iv) Class A- 5 A-6 Certificates, (v) Class M-1 CertificatesA-7, Class M-2 CertificatesA-8, Class M-3 CertificatesR-II, Class B-1 CertificatesM-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 A-9 Certificates and (vii) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-4 Certificates, Class X-0, Xxxxx A-7A-5 Certificates, Class M-1A-6 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-7 Certificates, Class B-2A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M- 3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TX, (ii) Uncertificated REMIC I Regular Interest UY, and (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-1, Class M-2 CertificatesA-4, Class M-3 CertificatesA-5, Xxxxx X-0, Xlass A-7, Class B-1 CertificatesA-8, Class B-2 CertificatesA-9, Class A-10, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, (ii) Class A-2, and (viiii) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; andDate in the same manner as it is distributed to the Corresponding Certificate.
(iib) In accordance with On each Distribution Date, the priority set forth in Section 4.07(b)Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, as principal on the Uncertificated REMIC I Regular Interests, an amount equal to the sum of the amounts in respect of distributed as principal distributable on the Certificates (other than the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates R Certificates) under Section 4.01(cSections 4.02(a)(ii), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W), (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates), (ii) Class A-2 Certificatesviii), (iii) Class A-4 Certificatesx), (iv) Class A- 5 Certificatesxii), (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(cxiv) and (d) until xv), in the Uncertificated Principal Balance of each same manner as such interest is reduced amounts are distributed to zerothe Corresponding Certificates.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated amounts to the Certificates under Section 4.04 shall be allocated distributed to the Uncertificated REMIC I Regular Interests, Realized Losses allocated under Section 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interests for the related Distribution Date in the same amounts and priorities manner as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificates. .
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.08, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7X-0, Class A-5, Class A-8, Class A-9, Class A-10, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TN, (ii) Uncertificated REMIC I Regular Interest UO, (iii) Uncertificated REMIC I Regular Interest VP, (iv) Uncertificated REMIC I Regular Interest WQ, (v) Uncertificated REMIC I Regular Interest R, (vi) Uncertificated REMIC I Regular Interest S, (vii) Uncertificated REMIC I Regular Interest T, (viii) Uncertificated REMIC I Regular Interest U, (ix) Uncertificated REMIC I Regular Interest W, (x) Uncertificated REMIC I Regular Interest X and (vixi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-5 Certificates, (iv) Class A- 5 A-8 Certificates, (v) Class A-9 Certificates, (vi) Class A-10 Certificates, (vii) Class R-I Certificates, (viii) Class M-1 Certificates, (ix) Class M-2 Certificates, (x) Class M-3 Certificates, (xi) Class B-1 CertificatesB-1, Class B-2 Certificates, and Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest N Distribution Amount, Uncertificated REMIC I Regular Interest P Distribution Amount, Uncertificated REMIC I Regular Interest Q Distribution Amount, Uncertificated REMIC I Regular Interest R Distribution Amount, Uncertificated REMIC I Regular Interest S Distribution Amount, Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class M-1, Class M-X, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class RI-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class I-A-2 Certificates, (iii) Class I-A-3 Certificates, Class I-A-4 Certificates, (iv) Class A- 5 I-A-5 Certificates, (v) Class I-A-7 Certificates, Class I-A-8 Certificates, Class II-A-1 Certificates, Class II-A-2 Certificates, Class II-A-3 Certificates, Class II-A-4 Certificates, Class II-A-5 Certificates, Class II-A-6 Certificates, Class I-A-P Certificates, Class II-A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest N, (ii) Uncertificated REMIC I Regular Interest P, (iii) Uncertificated REMIC I Regular Interest Q, (iv) Uncertificated REMIC I Regular Interest R, (v) Uncertificated REMIC I Regular Interest S, (vi) Uncertificated REMIC I Regular Interest T, (vii) Uncertificated REMIC I Regular Interest V, (viii) Uncertificated REMIC I Regular Interest W, (ix) Uncertificated REMIC I Regular Interest X, (x) Uncertificated REMIC I Regular Interest Y and (xi) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class I-A-1 Certificates, (ii) Class I-A-2 Certificates, (iii) Class I-A-4 Certificates, (iv) Class I-A-3 Certificates, (v) Class I-A-7-3 Component, Class I-A-7-5 Component, Class I-A-5 Certificates, Class I-A-8 Certificates and the portions of the Class M Certificates and Class B Certificates relating to the Group I Loans, (vi) Class A-7 II-A-1 Certificates, (vii) Class II-A-2 Certificates, (viii) Class II-A-3 Certificates, (ix) Class II-A-4, Class II-A-6 Certificates, Class II-A-5-3 Component, Class II-A-5-5 Component, Class R-II Certificates and the portions of the Class M Certificates and the Class B Certificates relating to the Group II Loans Certificates, (x) Class I-A-P Certificates and (xi) Class II-A-P Certificates respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date Date, the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-REMIC II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.074.09. The amount deemed distributable hereunder with respect to the Class I-A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class I-A-V REMIC Regular Interests. The amount deemed distributable hereunder with respect to the Class II-A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class II-A-V REMIC Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-6 Certificates, Class B-2A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B- 1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TU, (ii) Uncertificated REMIC I Regular Interest UV, (iii) Uncertificated REMIC I Regular Interest VW, (iv) Uncertificated iv)Uncertificated REMIC I Regular Interest WX, (v) Uncertificated v)Uncertificated REMIC I Regular Interest X Y and (vi) Uncertificated REMIC I Regular Interest Y Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 A-1, Class A-2, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-15, Class A-16, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, (ii) Class A-2 A-3 Certificates, (iii) Class A-4 A-9 and Class A-12 Certificates, (iv) Class A- 5 A-10 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 A-13 Certificates and Class R-II Certificates, and (vi) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date Date, the Trustee shall cause the Available Funds, in the following order of priority, to be deemed distributed by REMIC I to distribute REMIC II on account of the Uncertificated REMIC I Regular Interests or withdrawn from the Distribution Account and distributed to itselfthe Holders of the Class R-I Certificates, as the holder case may be:
(i) first, to the Holders of Uncertificated REMIC I Regular Interest LTB, in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates and second, CONCURRENTLy, to Holders of Uncertificated REMIC I Regular Interest LTA and to Holders of Uncertificated REMIC I Regular Interest LTP in an amount equal to (A) the Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates; and
(ii) second, to the Holders of the Uncertificated REMIC I Regular Interests, in an amount equal to the remainder of the Available Funds (less Available Funds used to reimburse the Certificate Insurer pursuant to Section 4.01(a)(iii)) for such Distribution Date after the distributions made pursuant to clause (i) above, allocated as follows:
(a) to the Holders of Uncertificated REMIC I Regular Interest LTP, on the Distribution Amounts in Date immediately following the following order of priority to the extent expiration of the Available latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates Date thereafter until $100 has been distributed pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.this clause;
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) the Holders of Uncertificated REMIC I Regular Interest TLTA, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(iiLTA is reduced to zero;
(c) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Holders of Uncertificated REMIC I Regular Interest T Distribution AmountLTB, until the Uncertificated Principal Balance of Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated LTB is reduced to zero; then
(d) any remaining amount to the Certificates under Section 4.04 shall be allocated to Holders of the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07Certificates.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mort Ln Tr 1999-3 Asset Backed Cert Ser 1999-3)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority priority, to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):Amount:
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts distributable in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II P Certificates under Section 4.01(c4.01(b), as allocated theretothereto pursuant to Section 4.01(b).
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) the Uncertificated REMIC I Regular Interests X with the amount deemed distributed allocated to each such Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with based on the portion of such amount to be distributed allocated among such interests in accordance with the priority assigned attributable to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) related Non- Discount Mortgage Loan. The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts amount described in Section 4.07(a)(ii) shall be deemed distributed by to the Uncertificated REMIC I to Regular Interests Y and Uncertificated REMIC II in accordance I Regular Interests Z with the priority assigned amount deemed distributed allocated to each such Uncertificated REMIC I Regular Interest based on the portion of such attributable to the REMIC II Certificates relative to that assigned to Structured Fraction and the REMIC I Certificates under Section 4.01(c)Discount Fraction, respectively, of the related Discount Mortgage Loan.
(dc) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution AmountAmounts, (i) Realized Losses on the Non-Discount Mortgage Loans shall be deemed allocated to Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Interests X; (ii) Realized Losses allocated to the Certificates under Section 4.04 Discount Mortgage Loans shall be deemed allocated to the Uncertificated REMIC I Regular Interests in the same amounts Y and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed Interests Z pro rata in accordance with their principal balances or interest entitlements, as the case may be (depending on whether such Realized Loss is allocable to have been received by REMIC II from REMIC I under this Section 4.07interest or principal).
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp Mort Pass THR Cert Ser 1995 Q7)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-12 Certificates, Class A-13 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest W, (ii)Uncertificated REMIC I Regular Interest X, (iii) Uncertificated REMIC I Regular Interest Y and (iv) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1, Class A-2, Class A-4, Class A-5, Class A-6, Class A-9, Class A-10, Class A-11, Class A- 12, Class A-13, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, and (viii) Class A-3 Certificates, (iii) Class A-7 Certificates and (iv) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-3 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II CertificatesCertificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest V, (ii) Uncertificated REMIC I Regular Interest W, (iii) Uncertificated REMIC I Regular Interest X, (iv) Uncertificated REMIC I Regular Interest Y, and (viv) Uncertificated REMIC I Regular Interest Z, with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-7 A-2 Certificates, (ii) Class A-10 Certificates, (iii) Class A-3 Certificates, (iv) Class A-1, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates and (v) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest W, (ii) Uncertificated REMIC I Regular Interest X, (iii) Uncertificated REMIC I Regular Interest Y and (iv) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-2 Certificates, (ii) Class A-3 Certificates, (iii) Class A-4, Class A-5, Class A-6, Xxxxx X-0, Xlass M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates, and (viiv) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9, Class A-10 Certificates, Class A-11 Certificates, Class A-12 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest W, (ii) Uncertificated REMIC I Regular Interest X, (iii) Uncertificated REMIC I Regular Interest Y, (iv) Uncertificated REMIC I Regular Interest Z with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-2 Certificates, and (viii) Class A-7 A-1 Certificates and Class A-4A Component (iii) Class A-4B Component and the Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates, (iv) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1X-0, Xxxxx X-0, Class A-2, Class A-4A-3, Class X-0, Xxxxx A-7X-0, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TN, (ii) Uncertificated REMIC I Regular Interest UO, (iii) Uncertificated REMIC I Regular Interest VP, (iv) Uncertificated REMIC I Regular Interest WQ, (v) Uncertificated REMIC I Regular Interest S, (vi) Uncertificated REMIC I Regular Interest T, (vii) Uncertificated REMIC I Regular Interest U, (viii) Uncertificated REMIC I Regular Interest W, (ix) Uncertificated REMIC I Regular Interest X and (vix) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-3 Certificates, (iv) Class A- 5 7 Certificates, (v) Class A-8 Certificates, (vi) Class R-I Certificates, (vii) Class M-1 Certificates, (viii) Class M-2 Certificates, (ix) Class M-3 Certificates, (x) Class B-1 CertificatesB-1, Class B-2 Certificates, and Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest N Distribution Amount, Uncertificated REMIC I Regular Interest P Distribution Amount, Uncertificated REMIC I Regular Interest Q Distribution Amount, Uncertificated REMIC I Regular Interest S Distribution Amount, Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8X-0, Xxxxx X-0, Class M-1, Class M-1-X, Class M-2, Xxxxx X-0Class M-2-X, Xxxss Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp Mortgage Pass THR Cer Ser 1999-2)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, Certificates under Section 4.01(c4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) and (dThe amount described in Section 10.04(a)(ii) shall be deemed distributed to the Uncertificated REMIC I Regular Interests, with the amount to be distributed allocated among such interests in accordance with the priority assigned to the Corresponding Certificates under Section 4.02(b), until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificates.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx X-0, Class A-5, Class A-7, Class A-8, Class A-10, Class A-11, Class A-13, Class M-1, Class M-2M- 2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TN, (ii) Uncertificated REMIC I Regular Interest UO, (iii) Uncertificated REMIC I Regular Interest VP, (iv) Uncertificated REMIC I Regular Interest WQ, (v) Uncertificated REMIC I Regular Interest S, (vi) Uncertificated REMIC I Regular Interest T, (vii) Uncertificated REMIC I Regular Interest U, (viii) Uncertificated REMIC I Regular Interest V, (ix) Uncertificated REMIC I Regular Interest W, (x) Uncertificated REMIC I Regular Interest X and (vixi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 A-3 Certificates, (iii) Class A-4 A-5 Certificates, (iv) Class A- 5 A-7 Certificates, (v) Class A-8 Certificates, (vi) Class A-10 Certificates, (vii) Class A-11 Certificates, (viii) Class M-1 Certificates, (ix) Class M-2 Certificates, (x) Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vixi) Class A-7 A-13 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest N Distribution Amount, Uncertificated REMIC I Regular Interest O Distribution Amount, Uncertificated REMIC I Regular Interest P Distribution Amount, Uncertificated REMIC I Regular Interest Q Distribution Amount, Uncertificated REMIC I Regular Interest S Distribution Amount, Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial numerical designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Class A-10, Class A-11, Class A-12, Class A-13, Class A-14, Class M-1, Class M-X, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-6 Certificates, Class B-2A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TV, (ii) Uncertificated REMIC I Regular Interest UW, (iii) Uncertificated REMIC I Regular Interest VX, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (viiii) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-3, Class M-2 CertificatesA-4, Class M-3 CertificatesA-5, Class B-1 CertificatesA-6, Class B-2 CertificatesA-7, Class A-8, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, (ii) Class A-1 Certificates, (iii) Class A-2 Certificates and (viiv) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date Date, the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (bSection 4.02(a), to the Class A-1A-V Certificates, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, thereon from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.0710.04. The amount deemed distributable hereunder with respect to the Class A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class A-V REMIC Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-11 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest R, (ii) Uncertificated REMIC I Regular Interest S, (iii) Uncertificated REMIC I Regular Interest T and (iv) Uncertificated REMIC I Regular Interest V with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-6 Certificates, (ii) Class A-8 Certificates, (iii) Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-7 Certificates, Class A-9-3 Component, Class A-10 Certificates, Class A-11 Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates and (viiv) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, Certificates under Section 4.01(c4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) and (dThe amount described in Section 10.04(a)(ii) until shall be deemed distributed to the Uncertificated Principal Balance of each such interest is reduced REMIC I Regular Interests in the same amounts and priorities as allocated to zerothe Corresponding Certificated Interests.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority Interests and to the extent holder of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Certificate, Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests and Class R-1 Certificate, pro rata, for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) Distributions of principal from the Group IV Loans shall be deemed distributed to (i) be made to the Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates R-II and Class R-II CertificatesI Certificate, and (vi) Class A-7 Certificatespro rata, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is the Uncertificated REMIC I Regular Interest R-II and the principal balance of the Class R-I Certificate have been reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) Distributions shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated made to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the other than Uncertificated REMIC I Regular Interest R-II) first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount, the Group III Subordinate Amount, the Group IV Subordinate Amount, the Group V Subordinate Amount or the Group VI Subordinate Amount, as the case may be (except that if on any Distribution Amounts deemed Date the Subordinate Amount for any Loan Group is greater than the Subordinate Amount for such Loan Group on the preceding Distribution Date, the least amount of principal shall be distributed to Uncertificated REMIC I Regular Interests I-A, II-A, III-A, IV-A, V-A and VI-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, any remaining principal shall be distributed to Uncertificated REMIC I Regular Interest ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been received by REMIC II from made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I under this Section 4.07Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, Realized Losses shall be applied after all distributions have been made on each Distribution Date, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount, the Group III Subordinate Amount, the Group IV Subordinate Amount, the Group V Subordinate Amount or the Group VI Subordinate Amount as the case may be (except that if on any Distribution Date the Subordinate Amount for any Group of Loans is greater than the Subordinate Amount for such Group of Loans on the preceding Distribution Date, the least amount of Realized Losses shall be applied to Uncertificated REMIC I Regular Interests I-A, II-A, III-A, IV-A, V-A and VI-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, the remaining Realized Losses shall be allocated to Uncertificated REMIC I Regular Interest ZZZ.
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa2 Trust)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-5 Certificates, Class M-1A-6 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-7 Certificates, Class B-2A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and X, (vi) Uncertificated REMIC I Regular Interest Y Y, and (vii) Uncertificated REMIC I Regular Interest Z, with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class M-1 A-6 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, (vii) Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class R-II Certificates and (viii) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5-2 Component, Class A-5-4 Component, Class A-6 Certificates, (v) Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.Class
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority priority, in each case to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.08(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-3, Class A-4, Class X-0A-5, Class A-0, Xxxxx A-7X-0, Class M-1, Class M-2, Class M-3, Class B-0, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c)4.02, as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.08(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TW, (ii) Uncertificated REMIC I Regular Interest UX, and (iii) Uncertificated REMIC I Regular Interest VY, (iv) Uncertificated REMIC I Regular Interest Wrespectively, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-1, Class M-2 CertificatesA-2, Class M-3 CertificatesA-3, Class B-1 CertificatesA-4, Class B-2 CertificatesM-1, Class M-2, Class M-3, Clasx X-0, Xxxxx X-2, Class B-3 Certificates and Class R-II Certificates, (ii) Class A-5 and (vi) Class A-7 Certificates, and (iii) Class A-9 Certificate, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.08(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).REMIC
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Z Distribution Amount, Realized Losses allocated to the Class A-1, Class A-2, Class A-3, Class A-4, Class M-1, Class M-2, Class X-0, Xxxxx X-0, Class X-0, Xxxxx X-0 and Class R-II Certificates under Section 4.04 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interest W, Realized Losses allocated to the Class A-5, Class A-6, Class A-7 and Class A-8 Certificates under Section 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interest X, Realized Losses allocated to the Class A-9 Certificates under Section 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interest Y; and Realized Losses allocated to the Uncertificated REMIC II Regular Interests pursuant to Section 4.09 shall be deemed allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.Z.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class A-9, Uncertificated REMIC II Regular Interests, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.074.08. The amount deemed distributable hereunder with respect to the Class A-10 Certificates shall equal 100% of the amounts payable with respect to the Uncertificated REMIC II Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.08, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-6 Certificates, Class B-2A-7 Certificates, Class A-7A Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B- 1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TW, (ii) Uncertificated REMIC I Regular Interest UX, and (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-1, Class M-2 CertificatesA-2, Class M-3 CertificatesA-3, Class B-1 CertificatesA-4, Class B-2 CertificatesA-5, Class A-6, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, and (viii) Class A-7 Certificates and (iii) Class A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date Date, the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-REMIC II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.0710.04. The amount deemed distributable hereunder with respect to the Class A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class A-V REMIC Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority Interests and to the extent holder of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Certificate, Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests and Class R-I Certificate, pro rata, for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) Distributions of principal from the Group I Loans shall be deemed distributed to (i) be made to the Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates R-II and Class R-II CertificatesI Certificate, and (vi) Class A-7 Certificatespro rata, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is the Uncertificated REMIC I Regular Interest R-II and the principal balance of the Class R-I Certificate have been reduced to zero.
(c) The portion Distributions of principal from the Loan Groups shall then be deemed to be made to the related Uncertificated REMIC I Regular Interests (other than Uncertificated REMIC I Regular Interest R-II) first, so as to keep the Uncertificated Principal Balance of each such related Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, so as to keep the principal balance of each such related Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Component, the Group II Subordinate Component or the Group III Subordinate Component, as the case may be (except that if on any Distribution Amounts described in Section 4.07(a)(ii) Date the Subordinate Component for any Loan Group is greater than the Subordinate Component for such Loan Group on the preceding Distribution Date, the least amount of principal shall be deemed distributed by to Uncertificated REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to Regular Interests I-A, II-A and III-A such that assigned to the REMIC I Certificates under Section 4.01(cSubordinate Balance Ratio is maintained); and third, any remaining principal shall be distributed to Uncertificated REMIC I Regular Interest ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, Realized Losses shall be applied after all distributions have been made on each Distribution Date, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Component, the Group II Subordinate Component or the Group III Subordinate Component, as the case may be (except that if on any Distribution Date the Subordinate Component for any Group of Loans is greater than the Subordinate Component for such Group of Loans on the preceding Distribution Date, the least amount of Realized Losses shall be applied to Uncertificated REMIC I Regular Interests I-A, II-A and III-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, the remaining Realized Losses shall be allocated to Uncertificated REMIC I Regular Interest ZZZ.
(d) In determining from time to time the amounts distributable on the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountInterests, Realized Losses allocated to the Certificates under Section 4.04 REMIC II Regular Interests shall be deemed allocated to the Uncertificated REMIC I Regular Interests in accordance with the same amounts and priorities as allocated priority assigned to each related Class of Certificates (other than the Certificates in the corresponding numercial designation in 4.07(b) aboveClass R Certificates), respectively, under Section 4.05.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa5 Trust)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, Certificates under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced 4.02(a), as allocated thereto pursuant to zeroSection 4.02(b).
(cb) The portion of the amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(iiW, (ii) shall be deemed distributed by Uncertificated REMIC I Regular Interest X, (iii)Uncertificated REMIC I Regular Interest Y and (iv) Uncertificated REMIC I Regular Interest Z with the amount to REMIC II be distributed allocated among such interests in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(di) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution AmountClass A-2 Certificates, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b(ii) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8Xxxxx X- XX, Class M-1, Class M-2, Xxxxx X-0Class M-3, Xxxss Class B-1, Class B-2, B-2 and Class B-3 and Class R-II Certificates the amounts distributable thereonCertificates, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fiii) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.07, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.01.Class
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I II Regular Interest Distribution Amounts in Interests and the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I III Regular Interests, Uncertificated Accrued Interest on the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests for such Distribution Date, plus any Uncertificated REMIC I I, REMIC II or REMIC III Accrued Interest thereon remaining unpaid from any previous Distribution Date; andDate in the same manner as it is distributed to the Corresponding Certificate.
(iib) In accordance with On each Distribution Date, the priority set forth in Section 4.07(b)Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests, as principal on the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests, an amount equal to the sum of the amounts in respect of distributed as principal distributable on the Certificates (other than the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates R Certificates) under Section 4.01(cSections 4.02(a)(ii), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W), (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates), (ii) Class A-2 Certificatesviii), (iii) Class A-4 Certificatesx), (iv) Class A- 5 Certificatesxii), (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(cxiv) and (d) until xv), in the Uncertificated Principal Balance of each same manner as such interest is reduced amounts are distributed to zerothe Corresponding Certificates.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated amounts to the Certificates under Section 4.04 shall be allocated distributed to the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests, Realized Losses allocated under Section 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests for the related Distribution Date in the same amounts and priorities manner as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificates.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests described in this Section 4.074.08, distributions of funds from the Certificate Account shall be 106 made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests Interests, pro rata, for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) Distributions shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated made to the Uncertificated REMIC I Regular Interests in first, so as to keep the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On Uncertificated Principal Balance of each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount or the Group III Subordinate Amount, as the case may be (except that if on any Distribution Amounts deemed Date the Subordinate Amount for any Loan Group is greater than the Subordinate Amount for such Loan Group on the preceding Distribution Date, the least amount of principal shall be distributed to REMIC I Regular Interests I-A, II-A and III-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, any remaining principal shall be distributed to REMIC I Regular Interest ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been received by REMIC II from made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I under this Section 4.07Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, Realized Losses shall be applied after all distributions have been made on each Distribution Date, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount or the Group III Subordinate Amount, as the case may be (except that if on any Distribution Date the Subordinate Amount for any Group of Loans is greater than the Subordinate Amount for such Group of Loans on the preceding Distribution Date, the least amount of Realized Losses shall be applied to REMIC I Regular Interests I-A, II-A and III-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, the remaining Realized Losses shall be allocated to REMIC I Regular Interest ZZZ.
(fc) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2004-Sa1 Trust)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-6 Certificates, Class B-2A-7 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TR, (ii) Uncertificated REMIC I Regular Interest US, (iii) Uncertificated REMIC I Regular Interest VT, (iv) Uncertificated REMIC I Regular Interest WV, (v) Uncertificated REMIC I Regular Interest X W, (vi) Uncertificated REMIC I Regular Interest X, and (vivii) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 A-3 Certificates, Class A-5 Certificates and Class A-7-5 Component, (iv) Class A- 5 A-4 Certificates, (v) Class M-1 A-6 Certificates, (vi) Class M-2 CertificatesM-1, Class M-3 CertificatesM-2, Class B-1 CertificatesM-3, Class B-2 CertificatesB-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, Certificates and (vivii) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b10.04(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-4A-3 Certificates, Class X-0, Xxxxx A-7A-4 Certificates, Class M-1A-5 Certificates, Class M-2, Xxxxx X-0, Xxxss B-1A-P Certificates, Class B-2M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.01(c4.02(a), as allocated theretothereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest TW, (ii) Uncertificated REMIC I Regular Interest UX, and (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 CertificatesA-1, Class M-2 CertificatesA-4, Class M-3 CertificatesA-5, Class B-1 CertificatesM-1, Class B-2 CertificatesM-2, Class M-3, Class B-1, Class B-2, Class B-3 Certificates and Class R-II Certificates, (ii) Class A-3 Certificates and (viiii) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii10.04(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date Date, the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a4.02(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-REMIC II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.0710.04. The amount deemed distributable hereunder with respect to the Class A-V Certificates shall equal 100% of the amounts payable with respect to the Uncertificated Class A-V REMIC Regular Interests.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority Interests and to the extent holder of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Certificate, Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests and Class R-1 Certificate, pro rata, for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) Distributions of principal from the Group II Loans shall be deemed distributed to (i) be made to the Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates R-II and Class R-II CertificatesI Certificate, and (vi) Class A-7 Certificatespro rata, respectively, under Section 4.01(c) and (d) until the Uncertificated Principal Balance of each such interest is the Uncertificated REMIC I Regular Interest R-II and the principal balance of the Class R-I Certificate have been reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) Distributions shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated made to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) above.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the other than Uncertificated REMIC I Regular Interest R-II) first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount or the Group III Subordinate Amount, as the case may be (except that if on any Distribution Amounts deemed Date the Subordinate Amount for any Loan Group is greater than the Subordinate Amount for such Loan Group on the preceding Distribution Date, the least amount of principal shall be distributed to Uncertificated REMIC I Regular Interests I-A, II-A and III-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, any remaining principal shall be distributed to Uncertificated REMIC I Regular Interest ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been received by REMIC II from made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I under this Section 4.07Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, Realized Losses shall be applied after all distributions have been made on each Distribution Date, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount or the Group III Subordinate Amount, as the case may be (except that if on any Distribution Date the Subordinate Amount for any Group of Loans is greater than the Subordinate Amount for such Group of Loans on the preceding Distribution Date, the least amount of Realized Losses shall be applied to Uncertificated REMIC I Regular Interests I-A, II-A and III-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, the remaining Realized Losses shall be allocated to Uncertificated REMIC I Regular Interest ZZZ.
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa1 Trust)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, from REMIC I, the Uncertificated REMIC I Regular Interest Distribution Amounts following amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a4.02(a):
(i) Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and
(ii) In accordance with the priority set forth in Section 4.07(b4.09(b), an amount equal to the sum of the amounts in respect of principal distributable on the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates under Section 4.01(c), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-3 Certificates, Class A-4 Certificates, (iv) Class A- 5 A-5 Certificates, (v) Class A-6 Certificates, Class A-7 Certificates, Class A-8 Certificates, Class A-9 Certificates, Class A-10 Certificates, Class A-P Certificates, Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates under Section 4.02(a), as allocated thereto pursuant to Section 4.02(b).
(b) The amount described in Section 4.09(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest Q, (ii)Uncertificated REMIC I Regular Interest R, (iii) Uncertificated REMIC I Regular Interest S, (iv) Uncertificated REMIC I Regular Interest T, (v) Uncertificated REMIC I Regular Interest V and (vi) Uncertificated REMIC I Regular Interest W with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-2, Class A-3, Class A-4, Class A-5, Class A-10, Class R-II, Class M-1, Class M-2, Class M-3, Class B-1, Class B-2 and Class B-3 Certificates, (ii) Class A-1 Certificates, (iii) Class A-8 Certificates, (iv) Class A-9 Certificates, (v) Class A-6 Certificates and (vi) Class A-7 A-P Certificates, respectively, under Section 4.01(c) and (d4.02(b) until the Uncertificated Principal Balance of each such interest is reduced to zero.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii4.09(a)(i) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c4.02(b).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountAmounts, Realized Losses allocated to the Certificates under Section 4.04 shall be allocated to the Uncertificated REMIC I Regular Interests in the same amounts and priorities as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificated Interests.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(f) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests described in this Section 4.074.09, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date Date, the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, Interests and the Uncertificated REMIC I II Regular Interest Distribution Amounts in the following order of priority to the extent of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Interests, Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests for such Distribution Date, plus any Uncertificated REMIC I or REMIC II Accrued Interest thereon remaining unpaid from any previous Distribution Date; andDate in the same manner as it is distributed to the Corresponding Certificate.
(iib) In accordance with On each Distribution Date, the priority set forth in Section 4.07(b)Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests, as principal on the Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests, an amount equal to the sum of the amounts in respect of distributed as principal distributable on the Certificates (other than the Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates R Certificates) under Section 4.01(cSections 4.02(a)(ii), as allocated thereto.
(b) The amount described in Section 4.07(a)(ii) shall be deemed distributed to (i) Uncertificated REMIC I Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W), (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests in accordance with the priority assigned to the (i) Class A-1 Certificates), (ii) Class A-2 Certificatesviii), (iii) Class A-4 Certificatesx), (iv) Class A- 5 Certificatesxii), (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 Certificates, respectively, under Section 4.01(cxiv) and (d) until xv), in the Uncertificated Principal Balance of each same manner as such interest is reduced amounts are distributed to zerothe Corresponding Certificates.
(c) The portion of the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC II in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I Certificates under Section 4.01(c).
(d) In determining from time to time the Uncertificated REMIC I Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution Amount, Realized Losses allocated amounts to the Certificates under Section 4.04 shall be allocated distributed to the Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests, Realized Losses allocated under Section 4.05 shall be deemed allocated to Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests for the related Distribution Date in the same amounts and priorities manner as allocated to the Certificates in the corresponding numercial designation in 4.07(b) aboveCorresponding Certificates.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fd) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests described in this Section 4.074.08, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc)
Distributions on the Uncertificated REMIC I Regular Interests. (a) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC I Regular Interests, the Uncertificated REMIC I Regular Interest Distribution Amounts in the following order of priority Interests and to the extent holder of the Available Distribution Amount (less the Trustee's Fees for such Distribution Date) reduced by distributions made to the Class R-I Certificates pursuant to Section 4.01(a):
(i) Certificate, Uncertificated REMIC I Accrued Interest on the Uncertificated REMIC I Regular Interests and Class R-I Certificate, pro rata, for such Distribution Date, plus any Uncertificated REMIC I Accrued Interest thereon remaining unpaid from any previous Distribution Date; and.
(iib) In accordance Distributions of principal from the Group I Loans shall be deemed to be made to the Uncertificated REMIC I Regular Interest R-II and Class R-I Certificate, pro rata, until the Uncertificated Principal Balance of the Uncertificated REMIC I Regular Interest R-II and the principal balance of the Class R-I Certificate have been reduced to zero.
(c) Distributions shall be deemed to be made to the Uncertificated REMIC I Regular Interests (other than Uncertificated REMIC I Regular Interest R-II) first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I Regular Interest ending with the priority set forth designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in Section 4.07(bthe related Loan Group; second, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount, the Group III Subordinate Amount or the Group IV Subordinate Amount, as the case may be (except that if on any Distribution Date the Subordinate Amount for any Loan Group is greater than the Subordinate Amount for such Loan Group on the preceding Distribution Date, the least amount of principal shall be distributed to Uncertificated REMIC I Regular Interests I-A, II-A, III-A and IV-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, any remaining principal shall be distributed to Uncertificated REMIC I Regular Interest ZZZ. Realized Losses on the Mortgage Loans shall be applied after all distributions have been made on each Distribution Date first, so as to keep the Uncertificated Principal Balance of each Uncertificated REMIC I Regular Interest ending with the designation "B" equal to 0.01% of the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group; second, Realized Losses shall be applied after all distributions have been made on each Distribution Date, so as to keep the principal balance of each Uncertificated REMIC I Regular Interest ending with the designation "A" equal to 0.01% of the Group I Subordinate Amount, the Group II Subordinate Amount, the Group III Subordinate Amount or the Group IV Subordinate Amount as the case may be (except that if on any Distribution Date the Subordinate Amount for any Group of Loans is greater than the Subordinate Amount for such Group of Loans on the preceding Distribution Date, the least amount of Realized Losses shall be applied to Uncertificated REMIC I Regular Interests I-A, II-A, III-A and IV-A such that the REMIC I Subordinate Balance Ratio is maintained); and third, the remaining Realized Losses shall be allocated to Uncertificated REMIC I Regular Interest ZZZ.
(d) On each Distribution Date the Trustee shall be deemed to distribute to itself, as the holder of the Uncertificated REMIC II Regular Interests and to the holder of the Class R-II Certificate, Uncertificated Accrued Interest on the Uncertificated REMIC II Regular Interests and Class R-II Certificate, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date.
(e) Distributions of principal in an amount equal to the sum of the amounts in respect of principal distributable on the and allocated to each Class A-1, Class A-2, Class A-4, Class X-0, Xxxxx A-7, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II of Certificates under Section 4.01(c)4.02 shall be deemed made by the Trustee to itself, as allocated theretothe holder of the Uncertificated REMIC II Regular Interests, in accordance with the priority set forth in subsection (f) below.
(bf) The amount described in Section 4.07(a)(iisubsection (e) above shall be deemed distributed with respect to (i) Uncertificated REMIC I II Regular Interest T, (ii) Uncertificated REMIC I Regular Interest U, (iii) Uncertificated REMIC I Regular Interest V, (iv) Uncertificated REMIC I Regular Interest W, (v) Uncertificated REMIC I Regular Interest X and (vi) Uncertificated REMIC I Regular Interest Y with the amount to be distributed allocated among such interests Interests in accordance with the priority assigned to the (i) each related Class A-1 Certificates, (ii) Class A-2 Certificates, (iii) Class A-4 Certificates, (iv) Class A- 5 Certificates, (v) Class M-1 Certificates, Class M-2 Certificates, Class M-3 Certificates, Class B-1 Certificates, Class B-2 Certificates, Class B-3 Certificates and Class R-II Certificates, and (vi) Class A-7 of Certificates, respectively, under Section 4.01(c) and (d) 4.02 until the Uncertificated Principal Balance of each such interest is reduced reduce to zero.
(c) The portion of zero and to the Uncertificated REMIC I Regular Interest Distribution Amounts described in Section 4.07(a)(ii) shall be deemed distributed by REMIC I to REMIC Class R-II Certificates in accordance with the priority assigned to the REMIC II Certificates relative to that assigned to the REMIC I such Certificates under Section 4.01(c)4.02.
(dg) In determining from time to time the amounts distributable on the Uncertificated REMIC I II Regular Interest T Distribution Amount, Uncertificated REMIC I Regular Interest U Distribution Amount, Uncertificated REMIC I Regular Interest V Distribution Amount, Uncertificated REMIC I Regular Interest W Distribution Amount, Uncertificated REMIC I Regular Interest X Distribution Amount, Uncertificated REMIC I Regular Interest Y Distribution Amount and Uncertificated REMIC I IO Regular Interest Distribution AmountInterests, Realized Losses allocated to the Certificates under Section 4.04 REMIC III Regular Interests shall be deemed allocated to the Uncertificated REMIC I II Regular Interests in accordance with the same amounts and priorities as allocated priority assigned to each related Class of Certificates (other than the Certificates in the corresponding numercial designation in 4.07(b) aboveClass R Certificates), respectively, under Section 4.05.
(e) On each Distribution Date the Trustee shall be deemed to distribute from REMIC II, in the priority set forth in Sections 4.01(a) and (b), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5, Class A-6, Class A-7, Class A-8, Class M-1, Class M-2, Xxxxx X-0, Xxxss B-1, Class B-2, Class B-3 and Class R-II Certificates the amounts distributable thereon, from the Uncertificated REMIC I Regular Interest Distribution Amounts deemed to have been received by REMIC II from REMIC I under this Section 4.07.
(fh) Notwithstanding the deemed distributions on the Uncertificated REMIC I Regular Interests and the Uncertificated REMIC II Regular Interests, as the case may be, described in this Section 4.0710.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.014.02.
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Samples: Pooling and Servicing Agreement (RFMSI Series 2005-Sa3 Trust)
