Common use of Principal Distributions on the Special Retail Certificates Clause in Contracts

Principal Distributions on the Special Retail Certificates. Prior to the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of such Class will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.06(a) and Section 4.06(d). On and after the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates by Pro Rata Allocation, distributions in reduction of the Class Principal Balances of such Class will be made on a pro rata basis pursuant to Section 4.06(e).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

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Principal Distributions on the Special Retail Certificates. Prior to the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of such Class the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.06(a) and Section 4.06(d). On and after the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balances Balance of such Class the Special Retail Certificates will be made on a pro rata basis pursuant to Section 4.06(e).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass Thru Cert Series 2003-Ms7)

Principal Distributions on the Special Retail Certificates. Prior With respect to each Class of Special Retail Certificates, prior to the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either such Class of the Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of such Class will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.06(a4.07(a) and Section 4.06(d4.07(d). On and after the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either such Class of the Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balances Balance of such Class will be made on a pro rata basis pursuant to Section 4.06(e4.07(e).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass-Through Cert Ser 2001-Ms12)

Principal Distributions on the Special Retail Certificates. Prior With respect to the Special Retail Certificates, prior to the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of such Class the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.06(a4.07(a) and Section 4.06(d4.07(d). On and after the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either such Class of the Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balances Balance of such Class will be made on a pro rata basis pursuant to Section 4.06(e4.07(e).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Cert Series 2001-5)

Principal Distributions on the Special Retail Certificates. Prior With respect to each Class of Special Retail Certificates, prior to the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either such Class of the Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of such Class will be made in integral multiples of $1,000 at the request of the appropriate representatives of 126 Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.06(a4.07(a) and Section 4.06(d4.07(d). On and after the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either such Class of the Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balances Balance of such Class will be made on a pro rata basis pursuant to Section 4.06(e4.07(e).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual Mor Sec Corp Mor Pass Thru Cert Ser 2001-4)

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Principal Distributions on the Special Retail Certificates. Prior With respect to each Class of Special Retail Certificates, prior to the earlier of (i) the Group I related Credit Support Depletion Date and (ii) the date on which any loss is allocated to either such Class of the Special Retail Certificates by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of such Class will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.06(a) and Section 4.06(d). On and after the earlier of (i) the Group I related Credit Support Depletion Date and (ii) the date on which any loss is allocated to either such Class of the Special Retail Certificates by Pro Rata Allocation, distributions in reduction of the Class Principal Balances Balance of such Class will be made on a pro rata basis pursuant to Section 4.06(e).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (PNC Mortgage Securities Corp)

Principal Distributions on the Special Retail Certificates. Prior to the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balance of such Class the Special Retail Certificates will be made in integral multiples of $1,000 at the request of the appropriate representatives of Deceased Holders of Certificates of each such Class and at the request of Living Holders of Certificates of each such Class or by mandatory distributions, pursuant to Section 4.06(a4.07(a) and Section 4.06(d4.07(d). On and after the earlier of (i) the Group I Credit Support Depletion Date and (ii) the date on which any loss is allocated to either Class of the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation, distributions in reduction of the Class Principal Balances Balance of such Class the Special Retail Certificates will be made on a pro rata basis pursuant to Section 4.06(e4.07(e).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Washington Mutual MSC Mort Pass THR Cert Ser 2003 Ms8)

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