Common use of Distributions to Holders of Transferor Certificates Clause in Contracts

Distributions to Holders of Transferor Certificates. On each --------------------------------------------------- Distribution Date, the Trustee shall, based upon the information set forth in the Servicing Certificate for such Distribution Date and subject to Section 5.01(c), distribute to the Transferor, with respect to each Loan Group (i) the related Transferor Interest Collections for the related Collection Period and (ii) the portion, if any, of Transferor Principal Collections for the related Collection Period and Loan Group in excess of Additional Balances created on the Mortgage Loans in such Loan Group during such Collection Period; provided -------- that collections allocable to the Transferor Certificates will be distributed to the Transferor only to the extent that such distribution will not reduce the amount of the Transferor Principal Balance related to such Loan Group as of the related Distribution Date below the related Minimum Transferor Interest. Amounts not distributed to the Transferor because of such limitations will be retained in the Collection Account until such Transferor Principal Balance exceeds the Minimum Transferor Interest for the related Loan Group, at which time such excess shall be released to the Transferor. If any such amounts are still retained in the Collection Account upon the commencement of the Rapid Amortization Period, such amounts will be paid to the Holders of the related Class of Investor Certificates as a reduction of the related Investor Certificate Principal Balance.

Distributions to Holders of Transferor Certificates. On each --------------------------------------------------- Distribution Payment Date, the Trustee shall, based upon on the information set forth in the Servicing Certificate for such Distribution the Payment Date and subject to Section 5.01(c8.03(a),(b), and (c), the Indenture Trustee shall distribute to the Transferor, with respect to each Loan Group Issuer from amounts in the Payment Account (i) the related Transferor Interest Collections for each Loan Group that are not Investor Interest Collections on the Payment Date for the related Collection Period and (ii) the portion, if any, portion of Transferor Principal Collections for each Loan Group for the related Collection Period and Loan Group in excess of Additional Balances created on the Mortgage Loans in such that Loan Group during such the Collection Period; provided -------- that collections . Collections allocable to the Transferor Certificates pursuant to this Section 8.03(e) will be distributed to the Transferor Issuer only to the extent that such the distribution will not reduce the amount excess of the Transferor Adjusted Loan Group Balance of a Loan Group over the Note Principal Balance of the related to such Loan Group Class of Notes as of the related Distribution Payment Date below the related Minimum Transferor Interest. Amounts not distributed to the Transferor Issuer because of such limitations this limitation will be retained in the Collection Payment Account until such Transferor the excess of the Adjusted Loan Group Balance of that Loan Group over the Note Principal Balance of the related Class of Notes exceeds the related Minimum Transferor Interest for the related Loan GroupInterest, at which time such the excess shall be released to the TransferorIssuer. If any such amounts are still retained in the Collection Payment Account upon at the commencement of the Rapid Amortization PeriodPeriod or are collected thereafter, such amounts they will be paid to the Holders of the related Class of Investor Certificates Noteholders as a reduction of the related Investor Certificate applicable Note Principal Balance.

Distributions to Holders of Transferor Certificates. On each --------------------------------------------------- Distribution Date, the Trustee shall, based upon the information set forth in the Servicing Certificate for such Distribution Date and subject to Section 5.01(c), distribute to the Transferor, with respect to each Loan Group (i) the related Transferor Interest Collections for the related Collection Period and (ii) the portion, if any, of Transferor Principal Collections for the related Collection Period and Loan Group in excess of Additional Balances created on the Mortgage Loans in such Loan Group during such Collection Period; provided -------- that collections allocable to the Transferor Certificates will be distributed to the Transferor only to the extent that such distribution will not reduce the amount of the Transferor Principal Balance related to such Loan Group as of the related Distribution Date below the related Minimum Transferor Interest. Amounts not distributed to the Transferor because of such limitations will be retained in the Collection Account until such the Transferor Principal Balance exceeds the Minimum Transferor Interest for the related each Loan Group, at which time such excess shall be released to the Transferor. If any such amounts are still retained in the Collection Account upon the commencement of the Rapid Amortization Period, such amounts will be paid to the Holders of the related Class of Investor Certificates as a reduction of the related Investor Certificate Principal Balance.

Distributions to Holders of Transferor Certificates. On each --------------------------------------------------- Distribution Date, the Trustee shall, based upon the information set forth in the Servicing Certificate for such Distribution Date and subject to Section 5.01(c), distribute to the Transferor, with respect to each Loan Group (i) the related Transferor Interest Collections for the related Collection Period and (ii) the portion, if any, of Transferor Principal Collections for the related Collection Period and Loan Group in excess of Additional Balances created on the Mortgage Loans in such Loan Group during such Collection Period; provided -------- that collections allocable to the Transferor Certificates will be distributed to the Transferor only to the extent that such distribution will not reduce the amount of the Transferor Principal Balance related to such Loan Group as of the related Distribution Date below the related Minimum Transferor Interest. Amounts not distributed to the Transferor because of such limitations will be retained in the Collection Account until such the Transferor Principal Balance exceeds the Minimum Transferor Interest for the related each Loan Group, at which time such excess shall be released to the Transferor. If any such amounts are still retained in the Collection Account upon the commencement of the Rapid Amortization Period, such amounts will be paid to the Holders of the related Class of Investor Certificates as a reduction of the related Investor Certificate Principal Balance. Section 5.02. Calculation of the Investor Certificate Rate. On the [second] LIBOR Business Day immediately preceding each Distribution Date, the Trustee shall determine LIBOR for the Interest Period commencing on such Distribution Date and inform the Master Servicer (at the facsimile number given to the Trustee in writing) of such rates. On each Determination Date, the Trustee shall determine the applicable Investor Certificate Rate for each Class of Investor Certificates on the related Distribution Date.