Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (i) to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date; (ii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount, to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date; (iii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount, to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; (b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and (c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution Date; (iv) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and (c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Class, to cover such shortfall for such Distribution Date; (v) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and (c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall for such Distribution Date; (vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (xvi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC 2006-Opt3 Trust)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) to the Credit Risk ManagerTrustee, the Credit Risk Manager Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(aA) from the Group 1 I Interest Remittance Amount, sequentially to Component A-IO-1 and the Class A-1 AF-1 Certificates, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(cB) concurrently, from the Group 3 II Interest Remittance Amount, sequentially to Component A-IO-2 and the Class A-3A, Class A-3B and Class A-3C AV-1 Certificates, pro rata based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(aA) from the Group 1 I Interest Remittance Amount, sequentially to Component A-IO-1 and the Class A-1 AF-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution DateDate for Component A-IO-1 and the Class AF-1 Certificates, respectively; and
(B) from the Group II Interest Remittance Amount, sequentially to Component A-IO-2 and the Class AV-1 Certificates, the applicable Interest Carry Forward Amount for such Distribution Date for Component A-IO-2 and the Class AV-1 Certificates;
(iv) concurrently, as follows:
(aA) if the Group 1 I Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AF-1 Certificates and Component A-IO-1 for such Distribution Date pursuant to Section 4.01(ii)(aclauses (ii)(A) and (iii)(A) above, concurrently from the remaining Group 2 II Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date following distributions pursuant to Section 4.01(ii)(bclauses (ii)(B) and (iii)(B) above, from the remaining Group 1 Interest Remittance Amount to Component A-IO-1 and Group 3 Interest Remittance Amount, to the Class A-2 AF-1 Certificates, sequentially, to cover such shortfall for such Distribution Date; and
(cB) if the Group 3 II Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AV-1 Certificates and Component A-IO-2 for such Distribution Date pursuant to Section 4.01(ii)(cclauses (ii)(B) and (iii)(B) above, concurrently, concurrently from the remaining Group 1 I Interest Remittance Amount following distributions pursuant to clauses (ii)(A) and Group 2 Interest Remittance Amount(iii)(A) above, to Component A-IO-2 and the Class A-3A, Class A-3B and Class A-3C AV-1 Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classsequentially, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viivi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvix) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) to the Credit Risk ManagerTrustee, the Credit Risk Manager Trustee Fee for such Distribution Date;
(ii) concurrently, as follows:
(aA) from the Group 1 I Interest Remittance Amount, to the Class A-1 CertificatesAF-1, Class AF-2 and Class AF-3 Certificates and Class I-A-IO Component, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(cB) concurrently, from the Group 3 II Interest Remittance Amount, to the Class A-3A, Class A-3B AV-1 and Class A-3C CertificatesAV-2 Certificates and Class II-A-IO Component, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(aA) from the Group 1 I Interest Remittance Amount, to the Class A-1 CertificatesAF-1, Class AF-2 and Class AF-3 Certificates and Class I-A-IO Component, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;the Class AF-1, Class AF-2 and Class AF-3 Certificates and Class I-A-IO Components, respectively; and
(bB) from the Group 2 II Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B AV-1 and Class A-3C CertificatesAV-2 Certificates and Class II-A-IO Component, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Datethe Class AV-1 and Class AV-2 Certificates and Class II-A-IO Components, respectively;
(iv) concurrently, as follows:
(aA) if the Group 1 I Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AF-1, Class AF-2 and the Class AF-3 Certificates and the Class I-A-IO Component for such Distribution Date pursuant to Section 4.01(ii)(aclauses (ii)(A) and (iii)(A) above, concurrently from the remaining Group 2 II Interest Remittance Amount following distributions pursuant to clauses (ii)(B) and Group 3 Interest Remittance Amount(iii)(B) above, to the Class A-1 CertificatesAF-1, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay Class AF-2 and the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount AF-3 Certificates and Group 3 Interest Remittance Amount, to the Class A-2 CertificatesI-A-IO Component, pro rata, to cover such shortfall for such Distribution Date; and
(cB) if the Group 3 II Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AV-1 and Class AV-2 Certificates and the Class II-A-IO Component for such Distribution Date pursuant to Section 4.01(ii)(cclauses (ii)(B) and (iii)(B) above, concurrently, concurrently from the remaining Group 1 I Interest Remittance Amount following distributions pursuant to clauses (ii)(A) and Group 2 Interest Remittance Amount(iii)(A) above, to the Class A-3A, Class A-3B AV-1 and Class A-3C CertificatesAV-2 Certificates and the Class II-A-IO Component, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viivi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Cert Series 2002-Cb5)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the related Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B and Class A-3C Group 2 Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B and Class A-3C Group 2 Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Group 1 Certificates' ’ Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Group 1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Group 2 Certificates' ’ applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Group 2 Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Group 1 Certificates' ’ Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Group 1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Group 2 Certificates' ’ applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Group 2 Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) sequentially, to the Class M-1 M-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11, Class M-12, Class B-1 and Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificatesin that order, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the related Accrued Certificate Interest thereon for such Distribution Date; and
(xvivii) the amount, if any, of the related Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-Wmc1)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date and to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Funding Corp)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) Concurrently, to the Trustee, the Trustee Fee for such Distribution Date, and to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 A-1, Class AIO and Class AIO-INV Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date;
or (bin the case of the Class AIO Certificates) from the Group 2 Interest Remittance Amount, to the 1 Class A-2 Certificates, the AIO Accrued Certificate Interest thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C AIO Certificates, pro rata based on rata, the Accrued Certificate Interest for each such Class, or (in the applicable case of the Class AIO Certificates) the Group 2 Class AIO Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 A-1, Class AIO and Class AIO-INV Certificates, pro rata, the Interest Carry Forward Amount thereon for such Distribution Date;
the Class A-1 and Class AIO-INV Certificates or (bin the case of the Class AIO Certificates) from the Group 2 Interest Remittance Amount, to the 1 Class A-2 Certificates, the AIO Interest Carry Forward Amount thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C AIO Certificates, pro rata based on rata, the Interest Carry Forward Amount for each such Class, the applicable Class A-2 Certificates or (in the case of the Class AIO Certificates) the Group 2 Class AIO Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 and Class AIO-INV Certificates' Accrued Certificate Interest or the Class AIO Certificates' Group 1 Class AIO Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 A-1, Class AIO-INV and Class AIO Certificates, pro rata, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to or the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C AIO Certificates' applicable Group 2 Class AIO Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C AIO Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 and Class AIO-INV Certificates' Interest Carry Forward Amount or the Group 1 Class AIO Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 A-1, Class AIO-INV and Class AIO Certificates, pro rata, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if or the Group 3 Interest Remittance Amount is insufficient to pay the 2 Class A-3A, Class A-3B and Class A-3C Certificates' applicable AIO Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C AIO Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixiii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Funding Corp Abfc Asst BCKD Cert Ser 2002-Opt1)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date and to the Insurer, the Premium for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-1, Class A-3B A-2 and Class A-3C A-3 Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Interest Distributions. I. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group I Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:):
(i) to the Credit Risk ManagerTrustee, the Credit Risk Manager portion of the Trustee Fee related to the Group I Mortgage Loans for such Distribution Date;
(ii) concurrently, as follows:to the Holders of the Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest for such Distribution Date;
(aiii) from the Group 1 Interest Remittance Amountconcurrently, to the Holders of the Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Class A-1 AV-1 Certificates;
(iv) concurrently, to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest for such Classes for such Distribution Date, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount as set forth in Section 4.01(II); and
(v) concurrently, to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group II Certificates, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount as set forth in Section 4.01(II).
II. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group II Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely):
(i) to the Trustee, the portion of the Trustee Fee related to the Group II Mortgage Loans for such Distribution Date;
(ii) concurrently, to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) concurrently, to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group II Certificates;
(iv) concurrently, to the Holders of the Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest for such Class for such Distribution Date, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount as set forth in Section 4.01(I); and
(v) concurrently, to the Holders of the Group I Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group I Certificates, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount as set forth in Section 4.01(I).
III. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the remaining Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely):
(i) to the Holders of the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(bii) from the Group 2 Interest Remittance Amount, to the Holders of the Class A-2 M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, to the Holders of the Class A-1 M-3 Certificates, the Accrued Certificate Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if to the Group 1 Interest Remittance Amount is insufficient to pay Holders of the Class A-1 B-1 Certificates' , the Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Class, to cover such shortfall thereon for such Distribution Date;
(v) concurrently, as follows:
(a) if to the Group 1 Interest Remittance Amount is insufficient to pay Holders of the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 B-2 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Accrued Certificate Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall thereon for such Distribution Date;
(vi) to the Holders of the Class M-1 B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to Holders of the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xviviii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b4.02(B) hereof. With respect to any distributions to be made on the Class B-2 Certificates, the Class B-3 Certificates or the Class B-4 Certificates pursuant to this Section 4.01, such distributions will be made first, on the Class B-2 Interest, the Class B-3 Interest or the Class B-4 Interest, as applicable, and then, on the related Class of Certificates.
Appears in 1 contract
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date and to the Insurer, the Premium for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-3, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, and to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the applicable Accrued Certificate Interest thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B A-2 and Class A-3C A-3 Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the applicable Interest Carry Forward Amount thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B A-2 and Class A-3C A-3 Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 and Class A-3 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C A-3 Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 and Class A-3 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C A-3 Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Abfc Asset-Backed Certificates Series 2003-Wmc1)
Interest Distributions. On each Distribution Date, the Trustee Securities Administrator shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available:
(i) to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution DateFee;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 A-1SS and Class A-1MZ Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 A-2SS and Class A-2MZ Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 A-1SS and Class A-1MZ Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 A-2SS and Class A-2MZ Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 A-1SS and Class A-1MZ Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(ain priority (ii) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 A-1SS and Class A-1MZ Certificates, pro rata, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2SS and Class A-2MZ Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(bin priority (ii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 A-2SS and Class A-2MZ Certificates, pro rata, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(cin priority (ii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 A-1SS and Class A-1MZ Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(ain priority (iii) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 A-1SS and Class A-1MZ Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2SS and Class A-2MZ Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(bin priority (iii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 A-2SS and Class A-2MZ Certificates, pro rata, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(cin priority (iii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xvi) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xvii) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixviii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-He1)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, and to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 and Class A-1A Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificatespro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B and Class A-3C A-2 Certificates, pro rata based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 and Class A-1A Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificatespro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, Class A-3B and Class A-3C A-2 Certificates, pro rata based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 and Class A-1A Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 and Class A-1A Certificates, pro rata, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Class, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 and Class A-1A Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 and Class A-1A Certificates, pro rata, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixiii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Abfc Asset-Backed Certificates Series 2004-Opt1)
Interest Distributions. (a) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group I Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) to the Credit Risk ManagerXxxxxxx Mac, the Credit Risk Manager sum of (a) the Guarantee Fee for such Distribution Date and (b) any Guarantor Reimbursement Amount then due;
(ii) to the Trustee, the Trustee Fee for Loan Group I for such Distribution Date;
(iii) to the Class AV-1 Certificates, the Accrued Certificate Interest for the Class AV-1 Certificates for such Distribution Date; and
(iv) to the Class AV-1 Certificates, the Interest Carry Forward Amount for the Class AV-1 Certificates.
(b) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the sum of the Group II Interest Remittance Amount and the Group I Interest Remittance Amount remaining after the distributions in clauses (a)(i) through (a)(iv) above and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) to the Trustee, the Trustee Fee for Loan Group II for such Distribution Date;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AAF-1, Class A-3B AF-2, Class AF-3, Class AF-4 and Class A-3C A-IO Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for the Class AF-1, Class AF-2, Class AF-3, Class AF-4 and Class A-IO Certificates, respectively, for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AAF-1, Class A-3B AF-2, Class AF-3, Class AF-4 and Class A-3C A-IO Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Datethe Class AF-1, Class AF-2, Class AF-3, Class AF-4 and Class A-IO Certificates, respectively;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 AV-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Class, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, the Class AV-1 Certificates that was not distributed pursuant to cover such shortfall for such Distribution Dateclause (a) above;
(viv) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viivi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvix) the amount, if any, of the Aggregate Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied in the form of the Monthly Excess Cashflow Amount as described under Section 4.02(b) hereof. With respect to any distributions to be made on the Class B-3 Certificates pursuant to this Section 4.01, such distributions will be made first, on the Class B-3 Interest and then, on the Class B-3 Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Asset Funding Corp)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(b) from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;; and
(b) from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Class, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixiii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2004-Ff1)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2A, Class A-3B A-2B, Class A-2C and Class A-3C A-2D Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2A, Class A-3B A-2B, Class A-2C and Class A-3C A-2D Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2A, Class A-2B, Class A-2C and Class A-2D Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2A, Class A-3B A-2B, Class A-2C and Class A-3C A-2D Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2A, Class A-2B, Class A-2C and Class A-2D Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2A, Class A-3B A-2B, Class A-2C and Class A-3C A-2D Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B M-10 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xvi) to the Class M-11 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xvii) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xviii) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixix) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-He2)
Interest Distributions. On each Distribution Date, the Trustee Securities Administrator shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance ReportMaster Servicer's Certificate, upon which the Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available:
(i) to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, to the Class A-1 A-1A and Class A-1B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(b) concurrently, from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B A-2A and Class A-3C A-2B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, to the Class A-1 A-1A and Class A-1B Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(b) concurrently, from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B A-2A and Class A-3C A-2B Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class, ) the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 A-1A and Class A-1B Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 A-1A and Class A-1B Certificates, pro rata (based on the remaining Accrued Certificate Interest for each such Class), to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2A and Class A-2B Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B A-2A and Class A-3C A-2B Certificates, pro rata (based on the remaining Accrued Certificate Interest for each such Class), to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 A-1A and Class A-1B Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 A-1A and Class A-1B Certificates, pro rata (based on the remaining Interest Carry Forward Amount for each such Class), to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2A and Class A-2B Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B A-2A and Class A-3C A-2B Certificates, pro rata (based on the remaining Interest Carry Forward Amount for each such Class), to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ABFC 2007-Wmc1 Trust)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) Concurrently, to the Trustee, the Trustee Fee for such Distribution Date, and to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date;
(ii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates and the Class A-IO Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date;
(b) from or the Group 2 Interest Remittance Amount, to the 1 Class A-2 Certificates, the A-IO Accrued Certificate Interest thereon Interest, as applicable, for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C A-IO Certificates, pro rata based on rata, the Accrued Certificate Interest for each such Class, or the applicable Group 2 Class A-IO Accrued Certificate Interest thereon Interest, as applicable, for such Distribution Date;
(iii) concurrently, as follows:
(a) concurrently, from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates and the Class A-IO Certificates, pro rata, the Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Class A-1 Certificates and the Group 2 Interest Remittance Amount, to the 1 Class A-2 Certificates, the A-IO Interest Carry Forward Amount thereon for such Distribution Date; and
(cb) concurrently, from the Group 3 2 Interest Remittance Amount, Amount to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C A-IO Certificates, pro rata based on rata, the Interest Carry Forward Amount for each such Class, the applicable Class A-2 Certificates and the Group 2 Class A-IO Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest or the Class A-IO Certificates' Group 1 Class A-IO Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates and the Class A-IO Certificates, pro rata, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to or the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C A-IO Certificates' applicable Group 2 Class A-IO Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C A-IO Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount or the Group 1 Class A-IO Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates and the Class A-IO Certificates, pro rata, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if or the Group 3 Interest Remittance Amount is insufficient to pay the 2 Class A-3A, Class A-3B and Class A-3C Certificates' applicable A-IO Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, A-2 Certificates and the Class A-3B and Class A-3C A-IO Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvixi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Abfc Asset Backed Certificates Series 2002-Nc1)
Interest Distributions. (I) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group II Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:):
(i) to the Credit Risk ManagerTrustee, the Credit Risk Manager portion of the Trustee Fee related to the Group II Mortgage Loans for such Distribution Date;
(ii) concurrently, as follows:to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest for such Distribution Date;
(aiii) from the Group 1 Interest Remittance Amountconcurrently, to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group II Certificates;
(iv) to the Holders of the Class A-1 AV-1 Certificates, the applicable Accrued Certificate Interest for such Class for such Distribution Date, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount as set forth in Section 4.01(II); and
(v) to the Holders of the Class AV-1 Certificates, the applicable Interest Carry Forward Amount for the Class AV-1 Certificates, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount as set forth in Section 4.01(II).
(II) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group I Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely):
(i) to the Trustee, the portion of the Trustee Fee related to the Group I Mortgage Loans for such Distribution Date;
(ii) to the Holders of the Class AV-1 Certificates, the applicable Accrued Certificate Interest for such Distribution Date;
(iii) to the Holders of the Class AV-1 Certificates, the applicable Interest Carry Forward Amount for the Class AV-1 Certificates;
(iv) concurrently, to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest for such Classes for such Distribution Date, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount as set forth in Section 4.01(I); and
(v) concurrently, to the Holders of the Group II Certificates, on a PRO RATA basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group II Certificates, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount as set forth in Section 4.01(I).
(III) On each Distribution Date, the Trustee shall withdraw from the Distribution Account the remaining Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely):
(i) to the Holders of the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(bii) from the Group 2 Interest Remittance Amount, to the Holders of the Class A-2 M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, to the Holders of the Class A-1 M-3 Certificates, the Accrued Certificate Interest Carry Forward Amount thereon for such Distribution Date;
(b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if to the Group 1 Interest Remittance Amount is insufficient to pay Holders of the Class A-1 B-1 Certificates' , the Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Class, to cover such shortfall thereon for such Distribution Date;
(v) concurrently, as follows:
(a) if to the Group 1 Interest Remittance Amount is insufficient to pay Holders of the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 B-2 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Accrued Certificate Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall thereon for such Distribution Date;
(vi) to the Holders of the Class M-1 B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to Holders of the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xviviii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b4.02(B) hereof. With respect to any distributions to be made on the Class B-1 Certificates or the Class B-4 Certificates pursuant to this Section 4.01, such distributions will be made first, on the Class B-1 Interest or the Class B-4 Interest, as applicable, and then, on the related Class of Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Series 2004-Cb3)
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:
(i) concurrently, to the Trustee, the Trustee Fee for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date and to the Insurer, the Premium for such Distribution Date, pro rata;
(ii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Accrued Certificate Interest for each such Classrata, the applicable Accrued Certificate Interest thereon for such Distribution Date;
(iii) concurrently, as follows:
(a) from the Group 1 Interest Remittance Amount, Amount to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date;; and
(b) concurrently, from the Group 2 Interest Remittance Amount, Amount to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and
(c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the Interest Carry Forward Amount for each such Classrata, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Classrata, to cover such shortfall for such Distribution Date;
(v) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;; and
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 A-2, Class A-3 and Class A-4 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3AA-2, Class A-3B A-3 and Class A-3C A-4 Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Classrata, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(vii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;; and
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xvi) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
Appears in 1 contract
Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group I Interest Remittance Amount and the Group II Interest Remittance Amount and apply it them in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, in each case to the extent availableof the Group I Interest Remittance Amount or the Group II Interest Remittance Amount, as applicable, remaining for such Distribution Date:
(a) the Group I Interest Remittance Amount will be distributed:
(i) first, to the Credit Risk ManagerTrustee, the Credit Risk Manager portion of the Trustee Fee for such Distribution DateDate relating to the Group I Mortgage Loans;
(ii) second, concurrently, as follows:
(a) from to the Class A-IO Certificates, the Group 1 I Class A-IO Interest Remittance Amount, Distribution and to the Class A-1 Certificates, the Accrued Certificate Class Interest thereon Distribution for such Distribution Datethe Class A-1 Certificates, allocated pro rata based on entitlement pursuant to this clause (a)(ii);
(biii) from third, concurrently, to the Class A-IO Certificates, the Group 2 II Class A-IO Interest Remittance Amount, Distribution and to the Class A-2 Certificates, the Accrued Certificate Class Interest thereon Distribution for the Class A-2 Certificates, in each case to the extent not paid pursuant to clause (b)(ii) below, allocated pro rata based on entitlement pursuant to this clause (a)(iii);
(b) the Group II Interest Remittance Amount will be distributed:
(i) first, to the Trustee,the portion of the Trustee Fee for such Distribution Date; andDate relating to the Group II Mortgage Loans;
(cii) second, concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C A-IO Certificates, the Group II Class A-IO Interest Distribution and to the Class A-2 Certificates, the Class Interest Distribution for the Class A-2 Certificates, allocated pro rata based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Dateentitlement pursuant to this clause (b)(ii);
(iii) third, concurrently, as follows:
(a) from to the Class A-IO Certificates, the Group 1 I Class A-IO Interest Remittance Amount, Distribution and to the Class A-1 Certificates, the Class Interest Carry Forward Amount thereon Distribution for such Distribution Date;
(b) from the Group 2 Interest Remittance AmountClass A-1 Certificates, in each case to the Class A-2 Certificatesextent not paid pursuant to clause (a)(ii) above, the Interest Carry Forward Amount thereon for such Distribution Date; andallocated pro rata based on entitlement pursuant to this clause (b)(iii);
(c) concurrently, from the any Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution Date;
(iv) concurrently, as follows:
(a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 I Interest Remittance Amount and Group 3 II Interest Remittance Amount, Amount remaining undistributed following the distributions pursuant to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
clauses (a) and (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Accrued Certificate Interest for each such Class, to cover such shortfall for such Distribution Date;
(v) concurrently, as followsabove will be distributed:
(ai) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) abovefirst, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date;
(b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and
(c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(c) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata based on the remaining Interest Carry Forward Amount for each such Class, to cover such shortfall for such Distribution Date;
(vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viiii) second, to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(viiiiii) third, to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(ix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(x) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(xv) to the Class B B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and
(xviiv) fourth, to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date;
(d) the amount, if any, of the Group I Interest Remittance Amount and the Group II Interest Remittance Amount remaining after application with respect to the priorities set forth above will be applied as described under Section 4.02(b) hereof.
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Samples: Pooling and Servicing Agreement (C Bass Mortgage Loan Asset Backed Certs Ser 2002 Cb2)