Common use of Payments of Available Interest Collections and Investment Proceeds Clause in Contracts

Payments of Available Interest Collections and Investment Proceeds. On each Payment Date, the Indenture Trustee shall distribute out of the Payment Account (to the extent of Available Interest Collections collected during the Collection Period) the following amounts and in the following order of priority to the following persons (based on the information in the Servicing Certificate): (i) concurrently, to pay the Indenture Trustee the Indenture Trustee Fee and the Owner Trustee the Owner Trustee Fee; (ii) to pay the premium pursuant to the Insurance Agreement to the Credit Enhancer; (iii) to pay the Aggregate Note Interest to the Holders of the Principal Amount Notes for the Payment Date; (iv) to pay the Investor Loss Amount to the Holders of the Principal Amount Notes for the Payment Date as principal in reduction of the Note Principal Balance; (v) to pay previously unreimbursed Credit Enhancement Draw Amounts together with interest on such amounts at the applicable rate specified in the Insurance Agreement to the Credit Enhancer; (vi) after the third Payment Date, to pay the Accelerated Principal Payment Amount to the Holders of the Principal Amount Notes as principal in reduction of the Note Principal Balance; (vii) to pay any amounts owed to the Credit Enhancer pursuant to the Insurance Agreement to the Credit Enhancer; (viii) to pay any amounts required to be paid to the Master Servicer with respect to the Notes pursuant to Sections 3.08 and 5.03 of the Sale and Servicing Agreement that have not been previously paid to the Master Servicer; (ix) to the Basis Risk Carryforward Reserve Fund, first the Basis Risk Carryforward for the Principal Amount Notes remaining unpaid after application of amounts in the Basis Risk Carryforward Reserve Fund under Section 8.03(f)(i) and the amount in the Cap Contract Account under Section 8.08, and second to restore the amount in the Basis Risk Carryforward Reserve Fund to $1,000; and (x) any remaining amount to the Issuer for distribution in accordance with the Trust Agreement.

Payments of Available Interest Collections and Investment Proceeds. On each Payment Date, the Indenture Trustee shall distribute out of the Payment Account (to the extent of Available Interest Collections collected during the Collection Period) the following amounts and in the following order of priority to the following persons (based on the information in the Servicing Certificate): (i) concurrently, to pay the Indenture Trustee the Indenture Trustee Fee and the Owner Trustee the Owner Trustee Fee; (ii) to pay the premium pursuant to the Insurance Agreement to the Credit Enhancer; (iii) to pay the Aggregate Note Interest to the Holders of the Principal Amount Notes for the Payment Date; (iv) to pay the Investor Loss Amount to the Holders of the Principal Amount Notes for the Payment Date as principal in reduction of the Note Principal Balance; (v) to pay previously unreimbursed Credit Enhancement Draw Insured Amounts together with interest on such amounts at the applicable rate specified in the Insurance Agreement to the Credit Enhancer; (vi) after the third first Payment Date, to pay the Accelerated Principal Payment Amount to the Holders of the Principal Amount Notes as principal in reduction of the Note Principal Balance; (vii) to pay any amounts owed to the Credit Enhancer pursuant to the Insurance Agreement to the Credit Enhancer; (viii) to pay any amounts required to be paid to the Master Servicer with respect to the Notes pursuant to Sections 3.08 and 5.03 of the Sale and Servicing Agreement that have not been previously paid to the Master Servicer; (ix) to the Basis Risk Carryforward Reserve Fund, first the Basis Risk Carryforward for the Principal Amount Notes remaining unpaid after application of amounts in the Basis Risk Carryforward Reserve Fund under Section 8.03(f)(i) and the amount in the Cap Contract Account under Section 8.08, and second to restore the amount in the Basis Risk Carryforward Reserve Fund to $1,000; and (x) any remaining amount to the Issuer for distribution in accordance with the Trust Agreement.

Payments of Available Interest Collections and Investment Proceeds. On each Payment Date, the Indenture Trustee shall distribute out of the Payment Account (to the extent of Available Interest Collections for a Loan Group collected during the related Collection Period, any Interest Shortfall Deposits, and any Crossover Amounts) the following amounts and in the following order of priority to the following persons (based on the information in the Servicing Certificate):), for each Loan Group: (i) concurrently, to pay the Indenture Trustee the Indenture Trustee Fee and the Owner Trustee the Owner Trustee Fee; (ii) to pay the premium related to that Loan Group pursuant to the Insurance Agreement to the Credit Enhancer; (iiiii) to pay the Aggregate Note Interest to the Holders for that Class of the Principal Amount Notes for the Payment DateDate to the related Noteholders; (iii) to pay the Investor Loss Amount for that Class of Principal Amount Notes for the Payment Date to the related Noteholders as principal in reduction of the related Note Principal Balance; (iv) to pay the Investor Loss Amount any amounts described in item (ii) above that remain unpaid to the Holders of the unrelated Class of Principal Amount Notes for on the Payment Date as principal in reduction (after taking into account the allocation of 100% of the Note Available Interest Collections relating to the unrelated Class of Notes on the Payment Date) to the Holders of the unrelated Class of Principal BalanceAmount Notes; (v) to pay previously unreimbursed Credit Enhancement Draw Amounts related to that Loan Group together with interest on such amounts at the applicable rate specified in the Insurance Agreement to the Credit Enhancer; (vi) after the third fourth Payment Date, to pay the related Accelerated Principal Payment Amount to the Holders related Class of the Principal Amount Notes Noteholders as principal in reduction of the related Note Principal Balance; (vii) after the fourth Payment Date, to pay the unrelated Accelerated Principal Payment Amount that remains unpaid (after taking into account the allocation of 100% of the Available Interest Collections relating to the unrelated Class of Notes on the Payment Date) to the Holders of the unrelated Class of Principal Amount as principal in reduction of the unrelated Note Principal Balance; (viii) to pay any amounts described in item (iii) above that remain unpaid to the Holders of the unrelated Class of Notes on the Payment Date (after taking into account the allocation of 100% of the Available Interest Collections relating to the unrelated Class of Notes on the Payment Date) to the Holders of the unrelated Class of Principal Amount Notes; (ix) to pay any amounts related to the Loan Group owed to the Credit Enhancer pursuant to the Insurance Agreement to the Credit Enhancer; (viiix) to pay any amounts required to be paid to the Master Servicer with respect to the related Class of Notes pursuant to Sections 3.08 and 5.03 of the Sale and Servicing Agreement that have not been previously paid to the Master Servicer; (ixxi) to pay previously unreimbursed Credit Enhancement Draw Amounts related to the unrelated Class of Principal Amount Notes together with interest on them at the applicable rate in the Insurance Agreement and any other amounts owed under the Insurance Agreement with respect to the unrelated Loan Group to the Credit Enhancer; (xii) to the Basis Risk Carryforward Reserve Fund, first the Basis Risk Carryforward for the related Class of Principal Amount Notes remaining unpaid after application of amounts in the Basis Risk Carryforward Reserve Fund under Section 8.03(f)(i) and the amount amounts in the Cap Contract Account under Section 8.08, and second to restore the amount in the Basis Risk Carryforward Reserve Fund to $1,000; and (xxiii) any remaining amount to the Issuer for distribution in accordance with the Trust Agreement.

Payments of Available Interest Collections and Investment Proceeds. On each Payment Date, the Indenture Trustee shall distribute out of the Payment Account (to the extent of Available Interest Collections collected during the Collection Period) the following amounts and in the following order of priority to the following persons (based on the information in the Servicing Certificate): (i) concurrently, to pay the Indenture Trustee the Indenture Trustee Fee and the Owner Trustee the Owner Trustee Fee; (ii) to pay the premium pursuant to the Insurance Agreement to the Credit Enhancer; (iiiii) to pay the Aggregate Note Interest to the Holders of the Principal Amount Notes for the Payment Date; (iviii) to pay the Investor Loss Amount to the Holders of the Principal Amount Notes for the Payment Date as principal in reduction of the Note Principal Balance; (viv) to pay previously unreimbursed Credit Enhancement Draw Amounts together with interest on such amounts at the applicable rate specified in the Insurance Agreement to the Credit Enhancer; (viv) on and after the third seventh Payment Date, to pay the Accelerated Principal Payment Amount to the Holders of the Principal Amount Notes as principal in reduction of the Note Principal Balance; (viivi) to pay any amounts owed to the Credit Enhancer pursuant to the Insurance Agreement to the Credit Enhancer; (viiivii) to pay any amounts required to be paid to the Master Servicer with respect to the Notes pursuant to Sections 3.08 and 5.03 of the Sale and Servicing Agreement that have not been previously paid to the Master Servicer; (ixviii) to the Basis Risk Carryforward Reserve Fund, first the Basis Risk Carryforward for the Principal Amount Notes remaining unpaid after application of amounts in the Basis Risk Carryforward Reserve Fund under Section 8.03(f)(i) and the amount in the Cap Contract Account under Section 8.08, and second to restore the amount in the Basis Risk Carryforward Reserve Fund to $1,000; and (xix) any remaining amount to the Issuer for distribution in accordance with the Trust Agreement.

Payments of Available Interest Collections and Investment Proceeds. On each Payment Date, the Indenture Trustee shall distribute out of the Payment Account (to the extent of Available Interest Collections for a Loan Group collected during the related Collection Period) the following amounts and in the following order of priority to the following persons (based on the information in the Servicing Certificate):), for each Loan Group: (i) concurrently, to pay the Indenture Trustee the Indenture Trustee Fee and the Owner Trustee the Owner Trustee Fee; (ii) to pay the premium related to that Loan Group pursuant to the Insurance Agreement to the Credit Enhancer; (iiiii) to pay the Aggregate Note Interest to the Holders for that Class of the Principal Amount Notes for the Payment DateDate to the related Noteholders; (iii) to pay the Investor Loss Amount for that Class of Principal Amount Notes for the Payment Date to the related Noteholders as principal in reduction of the related Note Principal Balance; (iv) to pay the Investor Loss Amount any amounts described in item (ii) above that remain unpaid to the Holders of the unrelated Class of Principal Amount Notes for on the Payment Date as principal in reduction (after taking into account the allocation of 100% of the Note Available Interest Collections relating to the unrelated Class of Notes on the Payment Date) to the Holders of the unrelated Class of Principal BalanceAmount Notes; (v) to pay previously unreimbursed Credit Enhancement Draw Amounts related to that Loan Group together with interest on such amounts at the applicable rate specified in the Insurance Agreement to the Credit Enhancer; (vi) after the third sixth Payment Date, to pay the related Accelerated Principal Payment Amount to the Holders related Class of the Principal Amount Notes Noteholders as principal in reduction of the related Note Principal Balance; (vii) after the sixth Payment Date, to pay the unrelated Accelerated Principal Payment Amount that remains unpaid (after taking into account the allocation of 100% of the Available Interest Collections relating to the unrelated Class of Notes on the Payment Date) to the Holders of the unrelated Class of Principal Amount as principal in reduction of the unrelated Note Principal Balance; (viii) to pay any amounts described in item (iii) above that remain unpaid to the Holders of the unrelated Class of Notes on the Payment Date (after taking into account the allocation of 100% of the Available Interest Collections relating to the unrelated Class of Notes on the Payment Date) to the Holders of the unrelated Class of Principal Amount Notes; (ix) to pay any amounts related to the Loan Group owed to the Credit Enhancer pursuant to the Insurance Agreement to the Credit Enhancer; (viiix) to pay any amounts required to be paid to the Master Servicer with respect to the related Class of Notes pursuant to Sections 3.08 and 5.03 of the Sale and Servicing Agreement that have not been previously paid to the Master Servicer; (ixxi) to pay previously unreimbursed Credit Enhancement Draw Amounts related to the unrelated Class of Principal Amount Notes together with interest on them at the applicable rate in the Insurance Agreement and any other amounts owed under the Insurance Agreement with respect to the unrelated Loan Group to the Credit Enhancer; (xii) to the Basis Risk Carryforward Reserve Fund, first the Basis Risk Carryforward for the related Class of Principal Amount Notes remaining unpaid after application of amounts in the Basis Risk Carryforward Reserve Fund under Section 8.03(f)(i) and the amount amounts in the Cap Contract Account Accounts under Section 8.08, and second to restore the amount in the Basis Risk Carryforward Reserve Fund to $1,000; and (xxiii) any remaining amount to the Issuer for distribution in accordance with the Trust Agreement.