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

Distributions on Trust Fund Certificates; Xxxxxx Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx shall provide from its own funds the amount of any insufficiency. 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Account the applicable portion of the Lower Tier Adjusted 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 Adjusted Distribution Amount, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiencyinsufficiency so that the full Lower Tier Adjusted Distribution Amount is distributed on such Distribution Date. In addition, in the event that (i) the applicable portion of the Lower Tier Adjusted 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 Adjusted 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw funds from the Trust Certificate Account the applicable portion of the Lower Tier Trust Fund 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 Certificate Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Trust Fund Distribution AmountAmount for such Distribution Date, then Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency; provided, however, that Xxxxxx Mae’s guaranty hereunder shall not cover receipt by Holders of the Trust Fund Certificates of any Group 1 Sequential Class Interest Carryover Amount or AV-1 Class Interest Class Carryover Amount. 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 that is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) and ), the distribution during such month applicable portion of the Lower Tier Distribution Amount Certificate Account will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Mae 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 to remedy the same. Any distribution of principal pursuant to the second 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae the Trustee for Upper Tier REMIC I and REMIC II shall withdraw from the related REMIC Trust Account the applicable portion of the Lower Tier Certificate 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 either REMIC Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Certificate Distribution Amount, Xxxxxx Xxx Mae, in its corporate capacity, guarantees to the related REMIC that it shall provide from its own funds the amount of any insufficiencyinsufficiency and shall deposit such funds into the applicable REMIC Trust Account for distribution by the related Trustee pursuant to this Section 3.07. In addition, in the event that (i) the Lower Tier Certificate 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 Certificate Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Mae shall (a) the Trustee for the applicable REMIC shall withdraw from the applicable REMIC Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the such applicable REMIC Trust Account shall be insufficient therefor, Xxxxxx Xxx, in its corporate capacity, guarantees to the related REMIC that it shall apply its own corporate funds towards remedying the samesame and shall deposit such funds into such applicable REMIC Trust Account for distribution by the Trustee for the related REMIC 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.

Distributions on Trust Fund Certificates; Xxxxxx Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 or Classes of Trust Fund Certificates and (other than an Interest Only Classii) and the distribution during on such month Distribution Date 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Certificate Account, the Certificate-R2 Account and the applicable portion of Carryover Reserve Fund the Lower Tier Certificate 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 Certificate Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Certificate Distribution AmountAmount for such Distribution Date, then Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency; provided, however, that Xxxxxx Mae shall not be responsible for the payment of any A Class Interest Carryover Amount or any amounts payable by the Cap Contract Counterparty pursuant to the Cap Contract. 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 that is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) and ), the distribution during such month applicable portion of the Lower Tier Distribution Amount Certificate Account will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Mae 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 to remedy the same; provided, however, that Xxxxxx Mae’s guaranty hereunder shall not cover receipt by Holders of the Certificates of any A Class Interest Carryover Amount or any amounts payable by the Cap Contract Counterparty. 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the related Trust Account Accounts the applicable portion of the Lower Tier Certificate 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 any Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Certificate Distribution Amount, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiency. In addition, in the event that (i) the Lower Tier Certificate 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 Certificate Distribution Amount will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Mae shall (a) withdraw from the related Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the related 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 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 applicable portion 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 amount required to be distributed in respect of the Lower Tier Distribution AmountTrust Fund Certificates, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiencyinsufficiency so that the full Lower Tier Adjusted Distribution Amount is distributed on such Distribution Date. In addition, in the event that (i) the Lower Tier Distribution Amount amount in the Trust Account shall be insufficient to pay all interest due and payable on the 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 Lower Tier Distribution Amount amount in the Trust Account will not be sufficient to reduce the Class Certificate Principal Balance of any such Class to zero on such Final Distribution Date, then Xxxxxx Mae 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 (or, if applicable, the Class 25-RL Principal Distribution Amount) for purposes of all future calculations of Class Certificate Principal Factors.

Distributions on Trust Fund Certificates; Xxxxxx Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Certificate-UT Account and from the applicable portion of Carryover Reserve Fund the Lower Tier Trust Fund 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 Certificate-UT Account on any Distribution Date and each Carryover Reserve Fund shall be less than the applicable portion of the Lower Tier Trust Fund Distribution AmountAmount for such Distribution Date, then Xxxxxx Xxx 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 that is a Final Distribution Date for a Class of Trust Fund Certificates (other than an Interest Only Class) ), the applicable portion of the Certificate-UT Account and the distribution during such month applicable portion of the Lower Tier Distribution Amount related Carryover Reserve Fund will not be sufficient to reduce the Class Balance of such Class to zero on such Final Distribution Date, then Xxxxxx Mae 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 to remedy the same; provided, however, that Xxxxxx Mae’s guaranty hereunder shall not cover receipt by Holders of the Trust Fund Certificates of any Group 1 Sequential Class Carryover Interest Amount and AV-1 Class Carryover Interest Amount. 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Upper Tier REMIC 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 Upper Tier REMIC Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Xxx 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 (or, in the case of the IP Class, the Component Balance of the PO Component) to zero on such Final Distribution Date, then Xxxxxx Mae shall (a) withdraw from the Trust Upper Tier REMIC Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the Trust Upper Tier REMIC 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the Trust Account the applicable portion amount required to be distributed in respect of the Lower Tier Distribution Amount distributable thereon Trust Fund Certificates 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 amount required to be distributed in respect of the Lower Tier Distribution AmountTrust Fund Certificates, Xxxxxx Xxx shall provide from its own funds the amount of any insufficiencyinsufficiency so that the full requisite amount is distributed on such Distribution Date. In addition, in the event that (i) the Lower Tier Distribution Amount amount in the Trust Account shall be insufficient to pay all interest due and payable on the 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 Lower Tier Distribution Amount amount in the Trust Account will not be sufficient to reduce the Class Certificate Principal Balance of any such Class to zero on such Final Distribution Date, then Xxxxxx Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 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 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 Mae 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae shall withdraw from the applicable 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 applicable Trust Account on any Distribution Date shall be less than the applicable portion of the Lower Tier Distribution Amount, Xxxxxx Xxx 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 Mae shall (a) withdraw from the applicable Trust Account such amount as shall be necessary to remedy any such insufficiency and (b) to the extent that funds in the such 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 Xxx Guaranty. On each Distribution Date, Xxxxxx Mae 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 Xxx 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 Mae 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.