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, the Custodian 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.
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Samples: Pooling and Servicing Agreement (Bayview Financial Securities Co LLC), Pooling and Servicing Agreement (Bayview Financial Sec Co LLC Mort Pas THR Certs Ser 2004 A), Pooling and Servicing Agreement (Bayview Financial Corp Mortgage Pass THR Certs Ser 2003-E)
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, the Custodian Fee, any Retained Interest and the Pool PMI Insurance Premiums Premiums, if any, (and related amounts, which will generally not exceed 0.01% [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 [3] as set forth in the Preliminary Statement to this Agreement.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bayview Financial Securities Co LLC), Pooling and Servicing Agreement (BLG Securities Company, LLC)
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, the Custodian Fee, any Retained Interest and the Pool PMI Insurance Premiums Premiums, if any, (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 2 and REMIC 5 3 as set forth in the Preliminary Statement to this Agreement.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2005-C), Pooling and Servicing Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D)
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, the Custodian 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.
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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, the Custodian 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. All allocations and distributions made between and with respect to Pool 1 and Pool 2 in this Section shall be made concurrently.
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