Common use of Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty Clause in Contracts

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided herein. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Trust Fund Certificates during a particular month or (ii) any Distribution Date occurring during such month is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) and the distribution during such month of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided hereinpursuant to Section 3.02 hereof. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Trust Fund Certificates during a particular month or (ii) any Distribution Date occurring during such month is a Final Distribution Date for a Class or Classes of Trust Fund Certificates (other than an Interest Only Class) and the distribution during such month of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Certificate Principal Balance of any such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.and

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided herein. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Trust Fund Certificates during a particular month or (ii) any Distribution Date occurring during such month is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) and the distribution during such month of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided hereinpursuant to Section 3.02. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiencyinsufficiency so that the full Lower Tier Distribution Amount is distributed on such Distribution Date. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Trust Fund Certificates during a particular month or (ii) on any Distribution Date occurring during or (i) such month Distribution Date is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) and (ii) the distribution during on such month Distribution Date of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided hereinpursuant to Section 3.02 hereof. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the applicable portion of the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the related Trust Fund Certificates during a particular month on such Distribution Date or (ii) any such Distribution Date occurring during such month is a Final Distribution Date for a Class or Classes of Trust Fund Certificates (other than an Interest Only Class) and the distribution during on such month Distribution Date of the applicable portion of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Certificate Principal Balance of any such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Certificate Principal Factors.

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided herein. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all in any particular month the sum of (a) the required installments of interest due and payable on the Trust Fund Group 1 and Group 2 Certificates during a particular month and (b) the monthly payments of interest on the Group 3, Group 4, Group 5, Group 6, Group 7 and Group 8 Certificates as described in the Prospectus Supplement under “Description of the Certificates–Distributions of Interest,” or (ii) any Distribution Date occurring during such month is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) and the distribution during such month of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided hereinpursuant to Section 3.02 hereof. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Trust Fund Certificates during a particular month or (ii) any Distribution Date occurring during such month is a Final Distribution Date for a Class or Classes of Trust Fund Certificates (other than an Interest Only Class) and the distribution during such month of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Certificate Principal Balance of any such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.and

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx shall withdraw from the Trust Account the applicable portion of the Lower Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided herein. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Mae shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Lower Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Trust Fund Certificates during a particular month or (ii) any Distribution Date occurring during such month is a Final Distribution Date for a Class of Trust Fund Certificates (other than an the Interest Only Class) and the distribution during such month of the Lower Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, apply its own funds towards remedying the same. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.

Distributions on Trust Fund Certificates; Xxxxxx Mae Guaranty. On each Distribution Date, Xxxxxx Xxx The Trustee for the Trust Fund shall withdraw from the Trust Account the applicable portion of the Lower Middle Tier Distribution Amount distributable thereon and shall make the distributions to the Holders of each related Class of Trust Fund Certificates in the respective amounts and in the applicable manner determined as provided herein. In the event that the amount on deposit in the Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Middle Tier Distribution Amount, Xxxxxx Mae Xxx, in its corporate capacity, guarantees to the Trust Fund that it shall provide from its own funds the amount of any insufficiencyinsufficiency and shall deposit such funds into the Trust Account for distribution by the Trustee for the Trust Fund pursuant to this Section 3.07. In addition, in the event that (i) the Lower Middle Tier Distribution Amount shall be insufficient to pay all interest due and payable on the Trust Fund Certificates during a particular month or (ii) any Distribution Date occurring during such month is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) and the distribution during such month of the Lower Middle Tier Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Xxx shall (a) the Trustee for the Trust Fund shall withdraw from the Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Account shall be insufficient therefor, Xxxxxx Mae, in its corporate capacity, guarantees to the Trust Fund that it shall apply its own corporate funds towards remedying the samesame and shall deposit such funds into the Trust Account for distribution by the Trustee of the Trust Fund pursuant to this Section 3.07. Any distribution of principal pursuant to the preceding sentence shall be deemed to be part of the Principal Distribution Amount for purposes of all future calculations of Class Factors.