Common use of Priorities of Distributions on the Certificates Clause in Contracts

Priorities of Distributions on the Certificates. (a) On each Distribution Date, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Servicer and the Trustee pursuant to Section 3.08(d) and Section 3.11 and shall pay such funds to itself and the Servicer, as applicable, and (2) based solely on the information contained in the Servicer's Certificate, the Pool Distribution Amount for each Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests, and then to the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Certificates, paying Group 1 solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, paying Group 3 solely from the Pool Distribution Amount for Loan Group 3, paying Group 4 solely from the Pool Distribution Amount for Loan Group 4, paying Group 5 solely from the Pool Distribution Amount for Loan Group 5, paying Group 6 solely from the Pool Distribution Amount for Loan Group 6, paying Group 7 solely from the Pool Distribution Amount for Loan Group 7, paying Group 8 solely from the Pool Distribution Amount for Loan Group 8, paying Group 9 solely from the Pool Distribution Amount for Loan Group 9, paying Group 10 solely from the Pool Distribution Amount for Loan Group 10, paying Group 11 solely from the Pool Distribution Amount for Loan Group 11, paying Group 12 solely from the Pool Distribution Amount for Loan Group 12, paying the Class J-B Certificates from the remaining aggregate Pool Distribution Xxxunt from Loan Group J and paying the Class X-B Certificates from the remaining aggregate Pool Distribution Amount from Loan Group X in the following order of priority and to the extent of such funds:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-E Trust)

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Priorities of Distributions on the Certificates. (a) On each Distribution Date, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Servicer Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.08(d3.09(e) and (f) and Section 3.11 and shall pay such funds to itself itself, the Master Servicer and the ServicerTrustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount for each the related Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests, and then to the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Certificates, paying the Group 1 Certificates and Group 1 Components solely from the Pool Distribution Amount for Loan Group 1, paying the Group 2 Certificates and Group 2 Components solely from the Pool Distribution Amount for Loan Group 2, paying the Group 3 Certificates and the Group 3 Components solely from the Pool Distribution Amount for Loan Group 3, paying the Group 4 Certificates solely from the Pool Distribution Amount for Loan Group 4, paying Group 5 solely from the Pool Distribution Amount for Loan Group 5, paying Group 6 solely from the Pool Distribution Amount for Loan Group 6, paying Group 7 solely from the Pool Distribution Amount for Loan Group 7, paying Group 8 solely from the Pool Distribution Amount for Loan Group 8, paying Group 9 solely from the Pool Distribution Amount for Loan Group 9, paying Group 10 solely from the Pool Distribution Amount for Loan Group 10, paying Group 11 solely from the Pool Distribution Amount for Loan Group 11, paying Group 12 solely from the Pool Distribution Amount for Loan Group 12, paying the Class J-B Certificates from the remaining aggregate Pool Distribution Xxxunt from Loan Group J and paying the Class X-B Certificates from the remaining aggregate combined Pool Distribution Amounts from the the Crossed Loan Groups and paying the Class 4-B Certificates from the remaining Pool Distribution Amount from Loan Group X 4, in the following order of priority and to the extent of such funds:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-8 Trust)

Priorities of Distributions on the Certificates. (a) On each Distribution Date, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Servicer and the Trustee pursuant to Section 3.08(d) and Section 3.11 and shall pay such funds to itself itself, the Servicer and the ServicerTrustee, as applicable, and (2) based solely on the information contained in the Servicer's Certificate, the Pool Distribution Amount for each the related Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests, and then to the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Certificates, paying Group 1 solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, paying Group 3 solely from the Pool Distribution Amount for Loan Group 3, paying Group 4 solely from the Pool Distribution Amount for Loan Group 4, paying Group 5 solely from the Pool Distribution Amount for Loan Group 5, paying Group 6 solely from the Pool Distribution Amount for Loan Group 6, paying Group 7 solely from the Pool Distribution Amount for Loan Group 7, paying Group 8 solely from the Pool Distribution Amount for Loan Group 8, paying Group 9 solely from the Pool Distribution Amount for Loan Group 9, paying Group 10 solely from the Pool Distribution Amount for Loan Group 10, paying Group 11 solely from the Pool Distribution Amount for Loan Group 11, paying Group 12 solely from the Pool Distribution Amount for Loan Group 12, paying the Class J-B Certificates from the remaining aggregate Pool Distribution Xxxunt from Loan Group J and paying the Class X-B Certificates from the remaining aggregate combined Pool Distribution Amounts from the Crossed Loan Group and paying the Class 7-B Certificates from the remaining Pool Distribution Amount from Loan Group X 7 in the following order of priority and to the extent of such funds:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-5 Trust)

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Priorities of Distributions on the Certificates. (a) On each Distribution Date, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Servicer Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.08(d3.09(e) and (f) and Section 3.11 and shall pay such funds to itself itself, the Master Servicer and the ServicerTrustee, as applicable, and (2) based solely on the information contained in the Master Servicer's ’s Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests, and then to the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Certificates, paying Group 1 solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, paying Group 3 solely from the Pool Distribution Amount for Loan Group 3, paying Group 4 solely from the Pool Distribution Amount for Loan Group 4, paying Group 5 solely from the Pool Distribution Amount for Loan Group 5, paying Group 6 solely from the Pool Distribution Amount for Loan Group 6, paying Group 7 solely from the Pool Distribution Amount for Loan Group 7, paying Group 8 solely from the Pool Distribution Amount for Loan Group 8, paying Group 9 solely from the Pool Distribution Amount for Loan Group 9, paying Group 10 solely from the Pool Distribution Amount for Loan Group 10, paying Group 11 solely from the Pool Distribution Amount for Loan Group 11, paying Group 12 solely from the Pool Distribution Amount for Loan Group 12, paying the Class JX-B X Certificates from the remaining aggregate Pool Distribution Xxxunt Amount from Loan Group J and paying the Class X-B Certificates from the remaining aggregate Pool Distribution Amount from Loan Group X in the following order of priority and to the extent of such funds:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)

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