Common use of Distributions Statements Clause in Contracts

Distributions Statements. On each Distribution Date, unless the Notes have been declared due and payable pursuant to Section 5.02 hereof and moneys collected by the Indenture Trustee are being applied in accordance with Section 5.07 hereof, Available Funds on deposit in each Distribution Account on any Distribution Date or Redemption Date shall be withdrawn from such Distribution Account, in the amounts required (based solely on the Servicer's Remittance Report delivered to the Indenture Trustee on or before such Distribution Date), for application on such Distribution Date in respect of payments relating to the applicable Pool of Mortgage Loans and the related Class of Notes as follows:

Appears in 4 contracts

Samples: Indenture (Prudential Securities Secured Financing Corp), Indenture (Prudential Securities Secured Financing Corp), Indenture, (Prudential Securities Secured Financing Corp)

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