Distributions to Certificateholders. (a) The Trustee shall establish and maintain a separate account as set forth in Article I (the "Certificate Account"), the purpose of which is to accept deposits from the Servicer and to make distributions to the Certificateholders of the amounts set forth in this Section 4.1.
(b) On each Distribution Date, the Trustee or the Paying Agent, if any, shall (i) withdraw from the Certificate Account the Available Distribution Amount for such Distribution Date and shall distribute to each Certificateholder, from the amount so withdrawn and to the extent of the Available Distribution Amount, such Certificateholder's share (based on the aggregate Percentage Interests represented by the Certificates of the applicable Class held by such Certificateholder) of the amounts and in the order of priority as set forth in the definition of "Certificate Distribution Amount", and (ii) distribute Excess Liquidation Proceeds to the Class R Certificateholder by wire transfer in immediately available funds for the account of the Certificateholder, or by any other means of payment acceptable to each Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.1 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register; provided, that if the Trustee has appointed a Certificate Administrator, such distributions in (i) and (ii) above shall be made in accordance with written statements received from the Certificate Administrator pursuant to Section 4.3.
(c) All reductions in the Certificate Principal Balance of a Certificate effected by distributions of principal or allocations of Realized Losses with respect to Loans made on any Distribution Date shall be binding upon all Holders of such Certificate and of any Certificate issued upon the registration of transfer or exchange therefor or in lieu thereof, whether or not such distribution is noted on such Certificate. The final distribution of principal of each Certificate (and the final distribution with respect to the Class R Certificate upon termination of the Trust Fund) shall be payable in the manner provided above only upon presentation and surrender thereof on or after the Distribution Date therefor at the office or agency of the Trustee or Certificate Administrator, if any, specified in the notice delivered pursuant to Section 4.1(d) or Section 9.1.
(d) Whenever, on the basis of Curtailments, ...
Distributions to Certificateholders. REMIC UT Distributions.
(a) In accordance with Section 3.01(d) of the Standard Terms and subject to the exceptions set forth below and to Section 3.02, on each Distribution Date, the Securities Administrator shall withdraw the aggregate Available Distribution Amount for each Collateral Group (other than Collateral Group 7) from the Certificate Account, and shall distribute it in the following manner and order of priority:
(1) to each Class of Senior Certificates (other than the Principal Only Certificates) related to such Collateral Group (other than Collateral Group 1-P and Collateral Group 2-P), Accrued Certificate Interest thereon, pro rata in proportion to the amount of Accrued Certificate Interest owing to each such Class; provided that,
(a) Accrued Certificate Interest on the Class 1A-13 Certificates shall be distributed in the following order of priority and shall be added to the Class Principal Balance thereof:
(i) to the Class 1A-12 Certificates, until the Class Principal Balance thereof is reduced to zero; and
(ii) to the Class 1A-13 Certificates, until the Class Principal Balance thereof is reduced to zero; and
(b) Accrued Certificate Interest on the Class 2A-5 Certificates shall be distributed in the following order of priority and shall be added to the Class Principal Balance thereof:
(i) to the Class 2A-4 Certificates, until the Class Principal Balance thereof is reduced to zero; and
(ii) to the Class 2A-5 Certificates, until the Class Principal Balance thereof is reduced to zero;
(2) to the Senior Certificates (other than the Interest Only Certificates) related to such Collateral Group, to the extent of the remaining Available Distribution Amount for the related Collateral Group, concurrently as follows:
(a) to the Class 1A-2, Class 1A-4, Class 1A-5, Class 1A-8, Class 1A-9, Class 1A-10, Class 1A-12, Class 1A-13, Class 1A-14, Class 1A-15 and Class 1A-16 Certificates, in reduction of their Class Principal Balance, from the Available Distribution Amount for Collateral Group 1 in an amount up to the Senior Principal Distribution Amount for Collateral Group 1 for such Distribution Date, concurrently as follows:
(i) 87.9708606127483% to the 1A-1 Group, in the following order of priority:
(A) to the Class 1A-14, Class 1A-15 and Class 1A-16 Certificates, pro rata, in proportion to the Class Principal Balance of each such class, the Group 1(B) NAS Priority Amount for such Distribution Date, until the Class Principal Balance of each such class is redu...
Distributions to Certificateholders. Section 4.01 Distributions.............................................
Distributions to Certificateholders. On each Distribution Date, the Certificate Paying Agent shall distribute to the Series 2003-A Transferor Certificateholders pro rata (based on each holder's percentage ownership of the entire Series 2003-A Transferor Certificate interest) any funds made available to it under Section 8.03 of the Series 2003-A Indenture. Distributions to each Series 2003-A Transferor Certificateholder shall be made by wire transfer of immediately available funds to the Series 2003-A Transferor Certificateholder's account at a bank or other entity having appropriate facilities. If appropriate notice of wiring instructions is not given by any Series 2003-A Transferor Certificateholder, then distribution to that Series 2003-A Transferor Certificateholder shall be by check mailed to the Series 2003-A Transferor Certificateholder at its address as it appears on the Certificate Register.
Distributions to Certificateholders. Section 3.02 Allocation of Realized Losses and Shortfalls................... Section 3.03
Distributions to Certificateholders. (a) On each Distribution Date, following withdrawals from the Class A-1A Swap Account, the Securities Administrator, to the extent on deposit therein and based solely upon the Remittance Report for such Distribution Date, shall withdraw from the Distribution Account the Available Distribution Amount for such Distribution Date and distribute to each Certificateholder by wire transfer in immediately available funds for the account of the Certificateholder, or by any other means of payment acceptable to each Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.1 respecting the final distribution), as specified by each such Certificateholder, and at the address of such Holder appearing in the Certificate Register, with respect to such Certificateholder, from the amount so withdrawn and to the extent of such Available Distribution Amount, such Certificateholder’s Percentage Interest of the following amounts and in the following order and priority:
(i) On each Distribution Date, following withdrawals from the Class A-1A Swap Account, the Securities Administrator shall distribute the Interest Funds for such Distribution Date in the following order of priority, in each case to the extent of the Interest Remittance Amount remaining for such Distribution Date, to the extent remaining unpaid after distributions of Interest Funds on such Distribution Date:
(a) first, concurrently, (x) to the Class A-1A Swap Account, up to an amount equal to the sum of any Adjusted Net Securities Administrator Class A-1A Swap Payment owed to the Class A-1A Swap Provider and any Swap Termination Payment (not due to a Class A-1A Swap Provider Trigger Event) owed to the Class A-1A Swap Provider for such Distribution Date remaining undistributed after all prior distributions on such Distribution Date as set forth in the first paragraph of this Section 4.1(a)(i) and (y) to the Certificate Swap Account, up to an amount equal to the sum of any Net Securities Administrator Certificate Swap Payment owed to the Certificate Swap Provider and any Swap Termination Payment (not due to a Certificate Swap Provider Trigger Event) owed to the Certificate Swap Provider for such Distribution Date;
(b) second, concurrently to the Holders of the Class A-1A, Class X-0X, Xxxxx X-0 and Class A-3 Certificates, up to the related Senior Interest Distribution Amount for such Distribution Date remaining undistributed after all prior distributions on such Distribu...
Distributions to Certificateholders. Section 3.01
Distributions to Certificateholders. (a) The Servicer shall make or shall cause the Trustee to make the following distributions at the following times and in the following priority from the Collection Account and the Principal Funding Account:
(i) on each Distribution Date, on each Special Payment Date and on the Expected Final Payment Date, the amount provided in subsection 4.08(a) shall be distributed by the Servicer or the Trustee to the Paying Agent for payment to the Class A Certificateholders;
(ii) on each Distribution Date, the amount provided in subsections 4.08(b) and 4.08(f) shall be distributed by the Servicer or the Trustee to the Paying Agent for payment to the Class B Certificateholders;
(iii) on each Special Payment Date and on the Expected Final Payment Date, all amounts on deposit in the Principal Funding Account, up to a maximum amount on any such date equal to the unpaid Class A Invested Amount on such date, shall be distributed by the Servicer or the Trustee to the Paying Agent for payment to the Class A Certificateholders and any funds remaining in the Principal Funding Account after the Class A Certificates have been paid in full shall be withdrawn by the Trustee from the Principal Funding Account and deposited in the Collection Account; and
(iv) on each Special Payment Date and on the Expected Final Payment Date on and after the Class A Certificates have been paid in full, all amounts on deposit in the Collection Account, up to a maximum amount on any such date equal to the unpaid Class B Invested Amount on such date, shall be distributed by the Servicer or the Trustee to the Paying Agent for payment to the Class B Certificateholders.
(b) The distributions to be made pursuant to this Section 4.09 and Section 4.08 are subject to the provisions of subsection 2.04(e) and Sections 9.02, 10.01, 12.01 and 12.02 and Section 4 of the related Supplement.
Distributions to Certificateholders. 63 SECTION 5.01
Distributions to Certificateholders. 64 Section 4.2 Statements to Certificateholders...........................................
