No Priority Among Certificates. All Certificateholders shall rank equally as to amounts distributable upon the liquidation, dissolution or winding up of the Trust, with no preference or priority being afforded to any Certificateholders over any other Certificateholders.
Appears in 41 contracts
Samples: Trust Agreement (Phoenix Residential Securities, LLC), Trust Agreement (Phoenix Residential Securities, LLC), Trust Agreement (BellaVista Finance CORP)
No Priority Among Certificates. All Certificateholders shall rank equally as to amounts distributable upon the liquidation, dissolution or winding up of the Trust, with no preference or priority being afforded to any Certificateholders over any other Certificateholders, except that amounts distributable will be distributed first to the Class SB Certificates, in an amount equal to the Class SB Distribution Amount, before being distributed to any other Class of Certificates.
Appears in 19 contracts
Samples: Trust Agreement (SG Mortgage Securities, LLC), Trust Agreement (GMACM Home Equity Loan Trust 2006-He2), Trust Agreement (GMACM Home Equity Loan Trust 2006-He5)
No Priority Among Certificates. All Certificateholders shall ------------------------------ rank equally as to amounts distributable upon the liquidation, dissolution or winding up of the Trust, with no preference or priority being afforded to any Certificateholders over any other Certificateholders.
Appears in 1 contract
Samples: Trust Agreement (Wachovia Asset Securitization Inc)
