INTEREST PAYMENTS TO CLASS B CERTIFICATEHOLDERS Sample Clauses

INTEREST PAYMENTS TO CLASS B CERTIFICATEHOLDERS. (i) Subject to Sections 3.01(i), (k) and (l), on each relevant Certificate Payment Date, the 1998-C Securitization Trustee shall make payments to (A) the Holders of the Fixed Rate Class B Certificates of (1) amounts allocated to the Fixed Rate Class B Certificates pursuant to clause (iii) of Section 3.01(c) above (whether from amounts held in the 1998-C SUBI Collection Account or 1998-C SUBI Certificateholders' Account) for the Monthly Interest Periods relating to such Certificate Payment Date, and (2) the net investment income earned on Permitted Investments with respect to funds deposited into the 1998-C Certificateholders' Account on prior Monthly Allocation Dates in respect of the portion of the Adjusted Class B Certificate Balance represented by the Fixed Rate Class B Certificates, and (B) to the Swap Counterparty of (1) amounts allocated to the Adjustable Rate Class B Certificates pursuant to clause (iii) of Section 3.01(c) above (whether from amounts held in the 1998-C SUBI Collection Account or 1998-C SUBI Certificateholders' Account) for the Monthly Interest Periods relating to such Certificate Payment Date and (2) the net investment income earned on Permitted Investments with respect to funds deposited into the 1998-C Certificateholders' Account on prior Monthly Allocation Dates in respect of the portion of the Adjusted Class B Certificate Balance represented by the Adjustable Rate Class B Certificates in each case to the extent of amounts available therefor.
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INTEREST PAYMENTS TO CLASS B CERTIFICATEHOLDERS. (A) Subject to Sections 3.01(i), (k) and (l), the 1998-C Securitization Trustee shall make payments to the Swap Counterparty, of (1) amounts allocated pursuant to clauses (iii) and (iv) of Section 3.01(c) above and (2) the net investment income earned on Permitted Investments with respect to funds deposited into the 1998-C Certificateholders' Account on prior Monthly Allocation Dates in respect of the Adjusted Class B Certificate Balance, (a) on each Monthly Allocation Date in March, June, September and December, commencing in March 1999, until the related Targeted Maturity Date, as well as (b) on the related Targeted Maturity Date and (c) if the Adjusted Class B Certificate Balance has not been reduced to zero on its Targeted Maturity Date, on each Monthly Allocation Date following such Targeted Maturity Date until such Adjusted Class B Certificate Balance is reduced to zero, in each case to the extent of amounts available therefor. In exchange for amounts so paid to the Swap Counterparty pursuant to the Swap Agreement, the Swap Counterparty generally is obligated to pay to or as directed by the 1998-C Securitization Trustee (on behalf of and for the benefit of the Class B Certificateholders) amounts equal to the amount of interest calculated by the 1998-C Securitization Trustee payable as interest calculated by the 1998-C Securitization Trustee to have accrued on the Class B Certificates during the relevant Interest Period, subject to any Proportional Reduction or Proportional Increase as provided below.
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Related to INTEREST PAYMENTS TO CLASS B CERTIFICATEHOLDERS

  • Distribution Date Statements to Certificateholders (a) Not later than two Business Days prior to each Distribution Date, the Master Servicer shall prepare and make available to the Trust Administrator and not later than each Distribution Date, the Trust Administrator shall make available to each Certificateholder, the Depositor, the Trustee and any other interested parties a statement based in part on information provided by each Servicer setting forth the following information with respect to the related distribution (in the case of information furnished pursuant to (i) and (ii) below, the amounts shall be expressed as a dollar amount per one thousand):

  • Payments to Certificateholders 68 Section 4.01. Certificate Account..................................................68 Section 4.02. Distributions........................................................68 Section 4.03. Statements to Certificateholders; Statements to Rating Agencies; Exchange Act Reporting............................................68 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.............................................70

  • Monthly Statements to Certificateholders (a) Not later than each Distribution Date, the Trustee shall prepare and cause to be forwarded by first class mail to each Certificateholder, the Master Servicer, the Depositor and each Rating Agency a statement setting forth with respect to the related distribution:

  • Distributions Statements to Certificateholders Section 4.01. Certificate Account and Special Payments Account................28 Section 4.02. Distributions from Certificate Account and Special Payments Account.........................................................28 Section 4.03. Statements to Certificateholders................................30 Section 4.04. Investment of Special Payment Moneys............................31 ARTICLE V THE COMPANY

  • Statements to Certificateholders and Noteholders (a) On each Determination Date the Servicer shall provide to the Indenture Trustee (with a copy to the Rating Agencies), for the Indenture Trustee to make available to each Noteholder of record, and, if NH Credit or an Affiliate is not the Servicer or the Depositor is not the sole Certificateholder, to the Indenture Trustee (if the Indenture Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement) or the Trustee (if the Trustee is responsible on the related Payment Date to make the payment required under Section 5.2(a) of the Trust Agreement), for the Indenture Trustee or Trustee, as applicable, to forward to each Certificateholder of record, a statement substantially in the form of Exhibit C, setting forth at least the following information as to each Class of the Notes and the Certificates to the extent applicable:

  • Distributions to Certificateholders (a) The Trustee shall establish and maintain a separate account as set forth in Article I (the "Certificate Account"), the purpose of which is to accept deposits from the Servicer and to make distributions to the Certificateholders of the amounts set forth in this Section 4.1.

  • Statements to Certificateholders Section 5.05 Tax Returns and Reports to Certificateholders................ Section 5.06

  • Statements to Applicable Certificateholders (a) On each Distribution Date, the Trustee will include with each distribution to Applicable Certificateholders of a Scheduled Payment or Special Payment, as the case may be, a statement setting forth the information provided below (in the case of a Special Payment, reflecting in part the information provided by the Escrow Paying Agent under the Escrow Agreement). Such statement shall set forth (per $1,000 face amount Applicable Certificate as to (ii), (iii), (iv) and (v) below) the following information:

  • PAYMENTS TO THE CERTIFICATEHOLDERS 64 Section 6.01. Distributions....................................................................64 Section 6.02. Statements to the Certificateholders.............................................67 Section 6.03. Advances by the Servicer.........................................................68 Section 6.04. Allocation of Realized Losses....................................................69 Section 6.05. Compensating Interest; Allocation of Certain Interest Shortfalls.................70 Section 6.06. Subordination....................................................................70

  • Statements to Noteholders and Certificateholders On or before each Determination Date, the Servicer shall provide to the Certificate Paying Agent and to the Relevant Trustee (with a copy to each Rating Agency and the Issuer), and the Relevant Trustee shall forward (or make available on its website, as described below) to each Noteholder and Certificateholder of record as of the most recent Record Date, a statement setting forth for the Collection Period and Payment Date relating to such Determination Date the following information (or such other substantially similar information so long as such information satisfies the requirement of Item 1121 of Regulation AB):

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