Common use of Distributions to Certificateholders; Payment of Special Primary Insurance Premiums Clause in Contracts

Distributions to Certificateholders; Payment of Special Primary Insurance Premiums. (a) On each Distribution Date, the Trustee (or any duly appointed paying agent) shall (i) subject to Section 3.05(a)(viii), withdraw from the Certificate Account any Special Primary Insurance Premium payable on such Distribution Date and pay such amount to the insurer under the applicable Special Primary Insurance Policy and (ii) withdraw from the Certificate Account the REMIC II Available Distribution Amount for such Distribution Date and distribute, from the amount so withdrawn, to the extent of the REMIC II Available Distribution Amount, the REMIC II Distribution Amount to the Certificates (other than the Class R-1 Certificates), all in accordance with the written statement received from the Master Servicer pursuant to Section 4.02(b), by (except with respect to any Special Primary Insurance Premiums) wire transfer in immediately available funds for the account of, or by check mailed to, each such Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register, and with respect to any Special Primary Insurance Premiums, by means of payment acceptable to the insurer under the respective Special Primary Insurance Policy.

Distributions to Certificateholders; Payment of Special Primary Insurance Premiums. (a) On each Distribution Date, the Trustee (or any duly appointed paying agent) shall (i) subject to Section 3.05(a)(viii), withdraw from the Certificate Account any each Special Primary Insurance Premium payable on such Distribution Date and pay such amount to the insurer under the applicable Special Primary Insurance Policy and (ii) withdraw from the Certificate Account the REMIC II Available Distribution Amount for such Distribution Date and distribute, from the amount so withdrawn, to the extent of the REMIC II Available Distribution Amount, the REMIC II Distribution Amount to the Certificates (other than the Class R-1 Certificates), all in each case in accordance with the written statement received from the Master Servicer pursuant to Section 4.02(b), by (except with respect to any the Special Primary Insurance Premiums) wire transfer in immediately available funds for the account of, or by check mailed to, each such Certificateholder of record on the immediately preceding Record Date (other than as provided in Section 9.01 respecting the final distribution), as specified by each such Certificateholder and at the address of such Holder appearing in the Certificate Register, and with respect to any the Special Primary Insurance Premiums, by means of payment acceptable to the insurer under the respective Special Primary Insurance Policy.