Common use of Priorities of Distribution and Allocation Clause in Contracts

Priorities of Distribution and Allocation. (a) On each Distribution Date, the Trustee shall distribute the Interest Remittance Amount, to the extent available, to the parties, in the amounts and in the priorities indicated:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Equity One Abs Inc Mortgage Pass Thru Cert Series 2002-3), Pooling and Servicing Agreement (Equity One Abs Inc Equity One Mortgage Pass-THR Trust 2002-5)

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Priorities of Distribution and Allocation. (a) On each Distribution Date, the Trustee shall distribute the Interest Remittance AmountAmount (provided that Insured Amounts constituting part of the Interest Remittance Amount may only be used to pay the applicable Interest Distribution Amounts to the Class AF Certificates pursuant to the item listed in clause (iv) below), to the extent available, to the parties, in the amounts and in the priorities indicated:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equity One Abs Inc)

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Priorities of Distribution and Allocation. (a) On each Distribution Date, the Trustee shall distribute the Interest Remittance AmountAmount (provided that Insured Amounts constituting part of the Interest Remittance Amount may only be used to pay the applicable Interest Distribution Amounts to the Class AV-1A Certificates pursuant to the item listed in clause (iv) below), to the extent available, to the parties, in the amounts and in the priorities indicated:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Equity One Abs Inc Mortgage Pas Th Cert Series 2002-4)

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