Flow of Funds. (i) The Trustee shall deposit in the Certificate Account without duplication, upon receipt, with respect to Group I, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to Group I, all remittances made to the Trustee pursuant to Sections 8.08(e), 8.09 and 8.10 with respect to Group I and the Group I Monthly Remittance Amount remitted by the Servicer.
(ii) The Trustee shall deposit in the Certificate Account without duplication, upon receipt, with respect to Group II, the proceeds of any liquidation of the assets of the Trust insofar as such assets relate to Group II, all remittances made to the Trustee pursuant to Sections 8.08(e), 8.09 and 8.10 with respect to Group II and the Group II Monthly Remittance Amount remitted by the Servicer.
(b) On each Distribution Date, the Trustee shall make the following allocations, disbursements and transfers (based solely on information provided by the Servicer in writing), from amounts deposited in the Certificate Account pursuant to subsection (a) in the following order of priority, and each such allocation, transfer and disbursement shall be treated as having occurred only after all preceding allocations:
A. With respect to amounts in the Certificate Account received with respect to Group I:
1. To the Trustee, the Trustee Fee and any Transition Expenses for Group I.
2. Concurrently, to each Class of Group I Certificates, the related Class Monthly Interest Amount and any related Class Interest Carryover Shortfall for the Distribution Date, allocated among each such Class of Group I Certificates on a pro rata basis based on each Group I Certificate’s Class Monthly Interest Amount and Class Interest Carryover Shortfall without priority among such Group I Certificates.
3. The remaining amount pursuant to clause C. below.
B. With respect to amounts in the Certificate Account received with respect to Group II:
1. To the Trustee, the Trustee Fee and any Transition Expenses for Group II.
2. Concurrently, to each Class of Group II Certificates, the related Class Monthly Interest Amount and any related Class Interest Carryover Shortfall for the Distribution Date, allocated among each such Class of Group II Certificates on a pro rata basis based on each Group II Certificate’s Class Monthly Interest Amount and Class Interest Carryover Shortfall without priority among such Group II Certificates.
3. The remaining amount pursuant to clause C. below.
C. With respect to any remaining amounts in th...
Flow of Funds. Section 4.01.
Flow of Funds. (a) The Trustee shall deposit to the Certificate Account, without duplication, upon receipt, any Insured Payments, the proceeds of any liquidation of the assets of the Trust, the Monthly Remittance Amount remitted by the Servicer or any Sub-Servicer, together with any Substitution Amounts and any Loan Purchase Price amounts received by the Trustee.
(b) With respect to the Certificate Account on each Payment Date, the Trustee shall, based upon the information set forth in a report provided by the Servicer and based upon a calculation made by the Trustee, make the following allocations, disbursements and transfers in the following order of priority, and each such allocation, transfer and disbursement shall be treated as having occurred only after all preceding allocations, transfers and disbursements have occurred:
(i) FIRST, to the Certificate Insurer, from amounts then on deposit in the Certificate Account, (x) from amounts then on deposit therein with respect to Group I, the Group I Premium Amount for such Payment Date and (y) from amounts then on deposit therein with respect to Group II, the Group II Premium Amount for such Payment Date;
(ii) SECOND, to the Trustee, from amounts then on deposit in the Certificate Account, (x) from amounts then on deposit therein with respect to Group I, the Group I Monthly Trustee Fee Amount for such Payment Date and (y) from amounts then on deposit therein with respect to Group II, the Group II Monthly Trustee Fee Amount for such Payment Date, together with expenses (to the extent not paid by the Sponsor or the Servicer pursuant to Section 2.5) for such Payment Date;
(iii) THIRD, on each Payment Date, the Trustee shall allocate, with respect to each Mortgage Loan Group an amount equal to the sum of (x) the Total Monthly Excess Spread with respect to such Mortgage Loan Group and Payment Date plus (y) any Subordination Reduction Amount with respect to such Mortgage Loan Group and Payment Date (such sum being the "Total Monthly Excess Cashflow" with respect to such Mortgage Loan Group and Payment Date) in the following order of priority:
(A) FIRST, such Total Monthly Excess Cashflow shall be allocated on such Payment Date with respect to the related Mortgage Loan Group in an amount equal to the difference, if any, between (x) the related Group Formula Distribution Amount for such Payment Date and (y) the Available Funds with respect to such Mortgage Loan Group for such Payment Date (the amount of such difference being the ...
Flow of Funds. (a) On each Distribution Date, the Trustee shall retain in the Certificate Distribution Account, and shall distribute, the Total Distribution Amount (net of the Trustee Fee, any Retained Interest and the Pool PMI Insurance Premiums (and related amounts, which will generally not exceed 0.01% of the monthly premium)) to Holders of the Certificates, in the amounts and priorities specified in this Section and shall allocate such amount to the Interests issued in respect of REMIC 1, REMIC 2, REMIC 3, REMIC 4 and REMIC 5 as set forth in the Preliminary Statement to this Agreement.
(b) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount for such date in the following order of priority:
(i) to the Class F Certificates, the Class F Distribution Amount for such Distribution Date;
(ii) to the Class A-IO Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date;
(iii) to the Class A Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date;
(iv) to the Class M-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date;
(v) to the Class M-2 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date;
(vi) to the Class M-3 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date;
(vii) to the Class M-4 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date;
(viii) to the Class B-1 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date;
(ix) to the Class B-2 Certificates, Current Interest and any Carryforward Interest for such Class and such Distribution Date; and
(x) for application as part of Excess Cashflow for such Distribution Date, as provided in subsection (d) of this Section, any Interest Remittance Amount remaining after application pursuant to clauses (i) through (ix) above.
(c) On each Distribution Date, the Trustee shall distribute the Principal Distribution Amount in the following order of priority:
(i) for each Distribution Date occurring (a) before the Stepdown Date or (b) on or after the Stepdown Date and for which a Trigger Event is in effect, until the aggregate Class Principal Balance of the LIBOR Certificates equals the Pool Balance for such Distribution Date minus the Targeted Overcollateralization Am...
Flow of Funds. 82 Section 7.04 Pre-Funding Account and Capitalized Interest Account......90 Section 7.05
Flow of Funds. 127 Section 4.01 Distributions................................................................ 127 Section 4.02
Flow of Funds. 80 Section 7.04 [Reserved]................................................84 Section 7.05
Flow of Funds. SECTION 4.01 Distributions.
Flow of Funds. Receipt by the Administrative Agent of a sources and uses table and payment instructions with respect to each wire transfer to be made by the Administrative Agent on behalf of the Lenders or the Borrower on the Closing Date setting forth the amount of such transfer, the purpose of such transfer, the name and number of the account to which such transfer is to be made, the name and ABA number of the bank or other financial institution where such account is located and the name and telephone number of an individual that can be contacted to confirm receipt of such transfer.
Flow of Funds. 59 SECTION 8.8. Investment of Accounts.....................................................................61 SECTION 8.9. Eligible Investments.......................................................................62 SECTION 8.10. Reports by Indenture Trustee...............................................................63 SECTION 8.11. Additional Reports by Indenture Trustee....................................................66 SECTION 8.12.
