Common use of Final Distribution on the Certificates Clause in Contracts

Final Distribution on the Certificates. If on any Remittance Date, the Servicer determines that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Collection Account, the Servicer shall direct the Trustee promptly to send a Notice of Final Distribution to each Certificateholder and the Swap Provider. If the Servicer elects to exercise its option to purchase the Mortgage Loans pursuant to clause (a) of Section 9.01, at least 20 days prior to the date the Notice of Final Distribution is to be mailed to the affected Certificateholders, the Servicer shall notify the Depositor and the Trustee of (a) the date on which the Servicer intends to exercise such purchase option and (b)

Final Distribution on the Certificates. If on any Remittance Date, the Servicer determines that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Collection Account, the Servicer shall direct the Trustee Securities Administrator promptly to send a Notice of Final Distribution to each Certificateholder and the Swap ProviderCertificateholder. If the Servicer elects to exercise its option to purchase the Mortgage Loans pursuant to clause (a) of Section 9.0111.01, at least 20 days prior to the date the Notice of Final Distribution is to be mailed to the affected Certificateholders, the Servicer shall notify the Depositor and the Trustee Securities Administrator of (a) the date on which the Servicer intends to exercise such purchase option and (b)

Final Distribution on the Certificates. If on any Remittance Date, the Servicer determines Servicers determine that there are no Outstanding Mortgage Loans and no other funds or assets in the Trust Fund other than the funds in the Collection AccountAccounts, the Servicer Servicers shall direct the Trustee promptly to send a Notice of Final Distribution to each Certificateholder Certificateholder, the Class A-1B Certificate Insurer and the Swap Provider. If the either Servicer elects individually or both Servicers together elect to exercise its option to purchase the Mortgage Loans pursuant to clause (a) of Section 9.01, at least 20 days prior to the date the Notice of Final Distribution is to be mailed to the affected Certificateholders, the Servicer Servicer(s) shall notify the Depositor and the Trustee of (a) the date on which the Servicer intends Servicer(s) intend(s) to exercise such purchase option and (b)