Common use of Holders of the Residual Interest Certificates Clause in Contracts

Holders of the Residual Interest Certificates. (a) Any sums to be distributed or otherwise paid hereunder or under the Owner Trust Agreement to the holders of the Residual Interest Certificates shall be paid to such holders pro rata based on their percentage holdings in the Residual Interest;

Appears in 14 contracts

Samples: Sale and Servicing Agreement (Bcap LLC), Sale and Servicing Agreement (Hsi Asset Securitization Corp), Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2)

AutoNDA by SimpleDocs

Holders of the Residual Interest Certificates. (a) Any sums to be distributed or otherwise paid hereunder or under the Owner Trust Agreement to the holders of the Residual Interest Certificates shall be paid to such holders pro rata based on their percentage holdings in the Residual Interest;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1997-4), Sale and Servicing Agreement (Ditech Funding Corp Home Loan Owner Trust 1997-1)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.