Common use of Distributions to Certificateholders Clause in Contracts

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and any funds remaining in the Principal Funding Account after the Class A Certificates have been paid in full shall be withdrawn by the Trustee from the Principal Funding Account and deposited in the Collection Account; and (iv) on each Special Payment Date and on the Expected Final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. (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 On each Distribution Date, the amount 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 Holder of any Class of Certificates or Components by wire transfer in immediately available funds for the account of such Holder, or by any other means of payment acceptable to such Holder of record on the immediately preceding Record Date (other than as provided in subsections 4.08(bSection 9.1 respecting the final distribution), as specified by each such Holder, and at the address of such Holder appearing in the Certificate Register, with respect to such Holder, from the amount so withdrawn and to the extent of such Available Distribution Amount, such Holder’s Percentage Interest of the following amounts and in the following order and priority (provided, that (i) and 4.08(f) each Holder of the Class A-2A Certificates shall be distributed by the Servicer or the Trustee entitled to the Paying Agent for payment receive on each Distribution Date any amounts distributable with respect to the Class B Certificateholders; I-A-2A Component and the Class III-A-2A Component on such Distribution Date, (ii) each Holder of the Class A-2B Certificates shall be entitled to receive on each Distribution Date any amounts distributable with respect to the Class I-A-2B Component and the Class III-A-2B Component on such Distribution Date, (iii) each Holder of the Class A-3 Certificates shall be entitled to receive on each Special Payment Distribution Date and on the Expected Final Payment Date, all any 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 distributable with respect to the Class A Certificateholders I-A-3 Component 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 III-A-3 Component on such Distribution Date and deposited in the Collection Account; and (iv) each Holder of the Class A-4 Certificates shall be entitled to receive on each Special Payment Distribution Date and on the Expected Final Payment Date on and after the Class A Certificates have been paid in full, all any 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 distributable with respect to the Class B Certificateholders.I-A-4 Component and the Class III-A-4 Component on such Distribution Date): (bi) The distributions to be made pursuant to this Section 4.09 and Section 4.08 are subject to On each Distribution Date, the provisions Securities Administrator shall distribute the Aggregate Interest Funds for such Distribution Date in the following order of subsection 2.04(e) and Sections 9.02, 10.01, 12.01 and 12.02 and Section 4 of the related Supplement.priority:

Distributions to Certificateholders. (a) The Servicer On each Distribution Date, the Securities Administrator, to the extent on deposit therein and based solely upon the Remittance Report for such Distribution Date, shall make 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 shall cause by any other means of payment acceptable to each Certificateholder of record on the Trustee 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 make such Certificateholder, from the amount so withdrawn and to the extent of such Available Distribution Amount, such Certificateholder’s Percentage Interest of the following distributions at the following times amounts and in the following priority from the Collection Account order and the Principal Funding Accountpriority: (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 On each Distribution Date, the amount provided Securities Administrator shall distribute the Interest Funds for such Distribution Date in subsections 4.08(b) and 4.08(f) shall be distributed by the Servicer or the Trustee following order of priority, in each case to the Paying Agent extent of the Interest Remittance Amount remaining for payment such Distribution Date: (a) first, concurrently to the Holders of the Class B Certificateholders;A-1, Class A-2 and Class A-3 Certificates, the related Senior Interest Distribution Amount for such Distribution Date to the extent of the Interest Funds on a pro rata basis based on the entitlement of each such Class; and (iiib) on each Special Payment Date and on the Expected Final Payment Datesecond, all amounts on deposit in the Principal Funding Account, up to a maximum amount on any such date equal to the unpaid Holders of the Class A Invested M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates sequentially, in that order, the related Interest Distribution Amount on allocable to each such date, shall be distributed by the Servicer or the Trustee Class to the Paying Agent extent of the Interest Funds for payment such Distribution Date remaining after distribution of the Senior Interest Distribution Amount to the Class A Certificateholders Certificates and distribution of the Interest Funds to any funds remaining Class of Class M Certificates with a higher payment priority. (A) On each Distribution Date (i) prior to the Stepdown Date or (ii) on which a Trigger Event is in effect, the Securities Administrator shall distribute the Principal Funds for that Distribution Date 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 following amounts and deposited in the Collection Account; andorder of priority: (iva) on each Special Payment Date and on the Expected Final Payment Date on and after the Class A Certificates have been paid in fullfirst, 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 concurrently to the Class B Certificateholders.A-1, Class A-2 and Class A-3 Certificates, pro rata based on their respective Certificate Principal Balances, until their respective Certificate Principal Balances have been reduced to zero; (b) The distributions to be made pursuant to this Section 4.09 and Section 4.08 are subject second, sequentially to the provisions of subsection 2.04(e) and Sections 9.02, 10.01, 12.01 and 12.02 and Section 4 Holders of the related SupplementClass M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8, in that order, the Principal Funds remaining after the distributions in subsection (a) above, until the Certificate Principal Balance of each such Class has been reduced to zero. (B) On each Distribution Date (i) on or after the Stepdown Date and (ii) on which a Trigger Event is not in effect, the Securities Administrator shall distribute the Principal Funds for that Distribution Date in the following amounts and order of priority: (a) first, concurrently to the Class A-1, Class A-1 and Class A-3 Certificates, in an amount up to the Senior Principal Distribution, pro rata based on their respective Certificate Principal Balances, until their respective Certificate Principal Balances have been reduced to zero, (b) second, to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance of the Class M-1 Certificates has been reduced to zero; (c) third, to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance of the Class M-2 Certificates has been reduced to zero; (d) fourth, to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount in reduction of the Certificate Principal Balance thereof, until the Certificate Principal Balance of the Class M-3 Certificates has been reduced to zero;

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(a4.8(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(b4.8(b) and 4.08(f4.8(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 4.9 and Section 4.08 4.8 are subject to the provisions of subsection 2.04(e) Sections 2.4(e), 9.2, 10.1, 12.1 and Sections 9.02, 10.01, 12.01 and 12.02 12.2 of the Agreement and Section 4 of the related this Series Supplement.

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 this Series Supplement.

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 Sections 2.04(e) and Sections ), 9.02, 10.01, 12.01 and 12.02 and Section 4 of the related SupplementSeries Supplement for Series 1998-1.

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(a4.8(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(b4.8(b) and 4.08(f4.8(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 Collection 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 AccountCertificateholders; 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 4.9 and Section 4.08 4.8 are subject to the provisions of subsection 2.04(e) Sections 2.4(e), 9.2, 10.1, 12.1 and Sections 9.02, 10.01, 12.01 and 12.02 12.2 of the Agreement and Section 4 of the related this Series Supplement.