Payment of Principal Collections and Excess Overcollateralization Amounts. Except on the Payment Date in the month specified in the Adoption Annex, on each Payment Date, the Indenture Trustee shall distribute out of the Payment Account to the Holders of each Class of Notes the Principal Collections from the related Loan Group up to the related Scheduled Principal Collections Payment Amount but not in excess of the related Note Principal Balance. On the Payment Date in the month specified in the Adoption Annex, the Indenture Trustee shall distribute to the Holders of each Class of Notes the Principal Collections from the related Loan Group up to the related Note Principal Balance. The dollar amount of any Excess Overcollateralization Amount for a Loan Group will be deducted from the Scheduled Principal Collections Payment Amount for that Loan Group and paid to the Transferor.
Appears in 8 contracts
Samples: Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-E), Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-C), Custodial Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2005-D)
