Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-11Trust), Pooling and Servicing Agreement (Banc of America Mortgage Securities Inc), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-8)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) and to the Class 1-A-LR Certificate, and then to distributions on the Certificates (or other than the Class 1-A-LR Certificate). Distributions shall be deemed made on the Certificates in the following order of priority and to the extent of such funds, paying priorities, and shall apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateAccount. Distributions shall will be made on the Certificates in the following order of priority and to the extent of such funds, funds paying priorities (i) through (iii) to each Group 1 solely from the applicable Pool Distribution Amount for Loan Group 1, paying Group 2 solely and priorities (iv) and (v) from the remaining combined 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Amounts, in the following order of priority and to the extent of such funds:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Series 2003 I), Pooling and Servicing Agreement (Banc of America Mortgage Securities Inc Series 2003-J)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts amount payable to the Trustee pursuant to Sections 3.11(b)(i) and Section 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of then the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateR Certificate in respect of the Class R-L Interest and the Class R-M Interest. Distributions shall be made on the xxe Certificates in the following order of priority and to the extent of such funds, 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, and paying the Class X-B Certificates solely from the remaining combined Pool Distribution Amounts for from both Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, in the following order of priority and to the extent of such funds:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-9 Trust), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2005-9 Trust)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, paying Group 1 and the Class 1-B Certificates 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 2 and Loan Group 4, paying Group 3 and the Class 23-B Certificates solely from the Pool Distribution Amount for Loan Group 2, 3 and paying Group 5 and the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mort Secs Inc Mort Pas THR Cert Ser 2004 2), Pooling and Servicing Agreement (Banc of America Mort Sec Inc Mort Ps THR Certs Ser 2004-1)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) and to the Class 1-A-LR Certificate, and then to distributions on the Certificates (or other than the Class 1-A-LR Certificate). Distributions shall be deemed made on the Certificates in the following order of priority and to the extent of such funds, paying priorities, and shall apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateAccount. Distributions shall will be made on the Certificates in the following order of priority and to the extent of such funds, funds paying priorities (i) through (iv) to each Group 1 solely from the applicable Pool Distribution Amount for Loan Group 1, paying Group 2 solely and priorities (v) and (vi) from the remaining combined 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Amounts, in the following order of priority and to the extent of such funds:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mort Sec Inc Mort Pass THR Cert Ser 2003-B), Pooling and Servicing Agreement (Banc of America Mortgage Sec Inc MRT Pas THR Cert Ser 2003-A)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) and to the Class 1-A-LR Certificate, and then to distributions on the Certificates (or other than the Class 1-A-LR Certificate). Distributions shall be deemed made on the Certificates in the following order of priority and to the extent of such funds, and shall apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateAccount. Distributions shall will be made on the Certificates in the following order of priority and to the extent of such funds, funds paying priorities (i) through (iii) to each Group 1 solely from the applicable Pool Distribution Amount for Loan Group 1, paying Group 2 solely and priorities (iv) and (v) from the remaining combined 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Amounts, in the following order of priority and to the extent of such funds:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-E), Pooling and Servicing Agreement (Banc of America Mortgage Securities Mortgage Pass-Through Certificates Series 2004-D)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such fundsCertificates, 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, 5 and paying the Class X30-B-IO and Class 30-B Certificates solely from the Pool Distribution Amounts for the 30 Year Crossed Loan Groups (provided that the applicable 30 Year Crossed Group 1Class 30-B-IO Interest Distribution Amount shall be payable solely from the related Pool Distribution Amount for each 30 Year Crossed Loan Group), Loan Group 3 and Loan Group 4, paying the Class 215-B Certificates solely from the Pool Distribution Amount Amounts for the 15 Year Crossed Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, in the following order of priority and to the extent of such funds:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2004-1), Pooling and Servicing Agreement (Banc of America Mort Sec Inc Alternative Loan Trust 2004 2)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to MBIA in the following order of priority and to the extent of such funds, paying Group 1 1, MBIA and the Class 1-B Certificates 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 2 and Loan Group 4, and paying Group 3 and the Class 23-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 53, in the following order of priority and to the extent of such funds:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust Ser 2003 9), Pooling and Servicing Agreement (Banc of America MTG Sec Inc Mort Pass THR Certs Ser 2003-9)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, 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 Master Servicer, the Securities Administrator and the Trustee pursuant to Sections 3.11(b)(iSection 3.09(f) and 3.11(b)(iiSection 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer'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, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, 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 the Class X-B Certificates solely from the Pool Distribution Amounts for the Crossed Loan Group 1, Loan Group 3 Groups (including amounts used to pay Class PO Deferred Amounts) and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the 2 (including amounts used to pay Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5PO Deferred Amounts), 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. 2005-7 Trust)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, paying Group 1 and the Class 1-B Certificates 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, 2 and Loan Group 4 and paying Group 3 and Loan Group 4, paying the Class 23-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 53, 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 Mortgag Sec Inc Pass Thru Cert Series 2004-3)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, 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 Trustee Securities Administrator pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and the Trustee, pursuant to Section 3.11(b)(i) shall pay such funds to itselfitself and the Trustee, as applicable, and (2) based solely on the information contained in the Servicer's Certificate, the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee Securities Administrator from the Servicer Servicers no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and to the Class 1-A-LR Certificate, and then, then to distributions in respect of on the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and Certificates (other than the Class 1-A-MR LR Certificate). Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, 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, and paying the Class X-B Certificates solely from the combined Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Amounts, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, 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 Master Servicer, the Securities Administrator and the Trustee pursuant to Sections 3.11(b)(iSection 3.09(f) and 3.11(b)(iiSection 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer'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, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, 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, 4 and paying Group 5 solely the Subordinate Certificates (including amounts used to pay Class PO Deferred Amounts) from the Pool Distribution Amount for Loan Group 5, paying the Class X-B Certificates solely from the combined Pool Distribution Amounts for all Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, 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 2005-8 Trust)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts amount payable to the Trustee pursuant to Sections 3.11(b)(i) and Section 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to Assured Guaranty in the following order of priority and to the extent of such funds, paying Group 1 and Assured Guaranty 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, and paying the Class X-B Certificates solely from the remaining combined Pool Distribution Amounts for from both Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, 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 Master Servicer, the Securities Administrator and the Trustee pursuant to Sections 3.11(b)(iSection 3.09(f) and 3.11(b)(iiSection 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer'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 the Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, 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, 4 and paying Group 5 solely the Subordinate Certificates (including amounts used to pay Class PO Deferred Amounts) from the Pool Distribution Amount for Loan Group 5, paying the Class X-B Certificates solely from the combined Pool Distribution Amounts for all Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Samples: Custodial Agreement (SunTrust Alternative Loan Trust, Series 2005-1f)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, 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 Securities Administrator and the Trustee pursuant to Sections 3.11(b)(i) and the amounts payable to the Securities Administrator pursuant to Section 3.11(b)(ii) and shall pay such funds to itselfitself and the Trustee, as applicable, and (2) based solely on the information contained in the Servicer's Certificate, the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee Securities Administrator from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and to the Class 1-A-LR Certificate, and then, then to distributions in respect of on the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and Certificates (other than the Class 1-A-MR CertificateLR and Class P Certificates). Distributions shall be made on the Certificates (other than the Class P Certificates) in the following order of priority and to the extent of such funds, 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates 6 solely from the Pool Distribution Amount for Loan Group 26, paying the Class 5-B Certificates Group 7 solely from the Pool Distribution Amount for Loan Group 57, paying Group 8 solely from the Pool Distribution Amount for Loan Group 8, and paying the Class B Certificates (including amounts used to pay Class PO Deferred Amounts) from the combined Pool Distribution Amounts, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Master Servicer's Certificate, 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 Securities Administrator and the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii3.12(a)(ii) and shall pay such funds to itselfitself and the Trustee, as applicable, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee Securities Administrator from the Master Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for as a deemed deposit in the Middle-Tier Certificate Sub-Account and to the Class 1-CB-R, Class 2-A-LR CertificateR and Class 3-A-R1 Certificates, and as applicable; then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and to the Class 3-A-R2 Certificate, and then to distributions on the Certificates (other than the Class 1-CB-R, Class 2-A-MR CertificateR, Class 3-A-R1, Class 3-A-R2 and Class P Certificates). Distributions shall be made on the Certificates (other than the Class P Certificates) in the following order of priority and to the extent of such funds, paying priorities in the following order of priority and to the extent of such funds, 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee Securities Administrator pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and the Trustee, Custodian and the Auction Administrator pursuant to Section 3.11(b)(i) and shall pay such funds to itself, the Trustee, the Custodian or the Auction Administrator, as the case may be, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee Securities Administrator from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) and to the Class 1-A-LR Certificate, and then to distributions on the Certificates (or other than the Class 1-A-LR Certificate). Distributions shall be deemed made on the Certificates in the following order of priority and to the extent of such funds, and shall apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateAccount. Distributions shall will be made on the Certificates in the following order of priority and to the extent of such funds, funds paying priorities (i) through (iii) to each Group 1 solely from the applicable Pool Distribution Amount for Loan Group 1, paying Group 2 solely and priorities (iv) and (v) from the remaining combined 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Amounts, 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 Mortgage Securities Inc)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the applicable Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests Interests, each as specified in this Section 5.02(a) for a deemed deposit in the MiddleUpper-Tier Certificate Sub-Account and to the Class 1-A-LR Certificate, and thenthen from the Middle-Tier Certificate Account, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made , and then from the Upper-Tier Certificate Account to distributions on the Certificates (other than the Class 1-A-MR and Class 1-A-LR Certificates) and to MBIA. The Certificates and MBIA shall be paid in the following order of priority and to the extent of such available funds, paying Group 1 1, MBIA and the Group 1-B Certificates 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, 3 and paying the Class X-B CB Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 2 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds3:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bank of America Mortgage Sec Inc Mort Ps THR Cer Ser 2002-9)
Priorities of Distributions. (a) Amounts allocated to a Class of Exchangeable REMIC Certificates will be made assuming no exchanges have ever occurred. Exchangeable Certificates will receive distributions in accordance with Section 5.02(e) and will not be allocated amounts under this Section 5.02(a). On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts amount payable to the Trustee Securities Administrator pursuant to Sections Section 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee Securities Administrator from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made amounts distributable on the Certificates in (other than the following order of priority and Exchangeable Certificates), subject to the extent of such fundsSection 5.02(b)(v) below, 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, 3 and paying Group 4 solely the Subordinate Certificates from the Pool Distribution Amount for Loan Group 4, paying Group 5 solely from the Pool Distribution Amount for Loan Group 5, paying the Class X-B Certificates solely from the remaining combined Pool Distribution Amounts for from all Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, in the following order of priority set forth below and to the extent of such funds:.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Mortgage 2008-a Trust)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee Securities Administrator pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and the Trustee, Custodian and the Auction Administrator pursuant to Section 3.11(b)(i) and shall pay such funds to itself, the Trustee, the Custodian or the Auction Administrator, as the case may be, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee Securities Administrator from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) and to the Class 1-A-LR Certificate, and then to distributions on the Certificates (or other than the Class 1-A-LR Certificate). Distributions shall be deemed made on the Certificates in the following order of priority and to the extent of such funds, and shall apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateAccount. Distributions shall will be made on the Certificates in the following order of priority and to the extent of such funds, funds paying priorities (i) and (ii) to each Group 1 solely from the applicable Pool Distribution Amount for Loan Group 1, paying Group 2 solely and priorities (iii) and (iv) from the remaining combined 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Amounts, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, paying Group 1 and the Class 30-B Certificates 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, 2 and Loan Group 4 and paying Group 3 and Loan Group 4, paying the Class 215-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 53, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts amount payable to the Trustee pursuant to Sections 3.11(b)(i) and Section 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) and then to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) and the Class 1-A-R Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, and shall apply such funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR CertificateAccount. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, paying priorities (i) through (iii) to each Group 1 solely from the applicable Pool Distribution Amount for Loan Group 1, paying Group 2 solely and priorities (iv) and (v) from the remaining combined 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Amounts, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such fundsCertificates, 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 the Class 30-B-IO Certificates solely from the Pool Distribution Amounts for Loan Group 1 and Loan Group 2 (provided that the applicable 30 Year Class 30-B-IO Interest Distribution Amount shall be payable solely from the related Pool Distribution Amount for Loan Group 51 and Loan Group 2), paying Class 30-B Certificates solely from the Pool Distribution Amounts for the 30 Year Crossed Loan Groups, and paying the Class X4-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to MBIA in the following order of priority and to the extent of such funds, 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 and MBIA 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 the Class 30-B Certificates solely from the Pool Distribution Amounts for Loan Group 1 and Loan Group 5, paying the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 2 and Loan Group 4, paying the Class 215-B Certificates solely from the Pool Distribution Amount Amounts for Loan Group 23, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 56 and Loan Group 7, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, 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 Master Servicer, the Securities Administrator and the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(iiSection 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees and the Securities Administrator 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, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and to the Class 1-A-LR R Certificate, and then, then to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account to Assured Guaranty and the Class 1-A-MR Certificate. Distributions shall be made on to the Certificates in the following order of priority and to the extent of such funds, paying Group 1 and the portion of the Premium Distribution Amount related to the Class A-A Component solely from the Pool Distribution Amount for Loan Group 1, paying Group 2 and the portion of the Premium Distribution Amount related to the Class A-B Component solely from the Pool Distribution Amount for Loan Group 2, 2 and paying Group 3 solely the Subordinate Certificates (including amounts used to pay Class PO Deferred Amounts) 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 the Class X-B Certificates solely from the combined Pool Distribution Amounts for both Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, 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. 2005-4 Trust)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such fundsCertificates, 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 and paying the Class X30-B Certificates solely from the Pool Distribution Amounts for the 30 Year Crossed Loan Group 1Groups, Loan Group 3 and Loan Group 4, paying the Class 215-B Certificates solely from the Pool Distribution Amount Amounts for the 15 Year Crossed Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, 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 Mort Sec Inc Alternativer Loan Trust 2003-10)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to MBIA in the following order of priority and to the extent of such funds, paying Group 1 1, MBIA and the Class 30-B Certificates 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 4 solely from the Pool Distribution Amount for Loan Group 4, paying the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 2 and Loan Group 4, 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 the Class X15-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such fundsCertificates, 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 the Class X30-B-IO Certificates solely from the Pool Distribution Amounts for Loan Group 2, Loan Group 3 and Loan Group 4 (provided that the applicable 30 Year Class 30-B-IO Interest Distribution Amount shall be payable solely from the related Pool Distribution Amount for each of Loan Group 2, Loan Group 3 and Loan Group 4), paying Class 30-B Certificates solely from the Pool Distribution Amounts for the 30 Year Crossed Loan Group 1Groups, Loan Group 3 and Loan Group 4, paying the Class 215-B Certificates solely from the Pool Distribution Amount Amounts for the 15 Year Crossed Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such fundsCertificates, 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 the Class X-B-30 and Class 30-B Certificates solely from the Pool Distribution Amounts for the 30 Year Crossed Loan Groups (provided that the applicable 30 Year Crossed Group Class X-B-30 Interest Distribution Amount shall be payable solely from the related Pool Distribution Amount for each 30 Year Crossed Loan Group 5Group), and paying the Class X-B-15 and Class 15-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds:
Appears in 1 contract
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) the amounts payable to the Trustee pursuant to Sections 3.11(b)(i) and 3.11(b)(ii) and shall pay such funds to itself, and (2) the Pool Distribution Amount for each Loan Group, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and the Class 1-A-LR Certificate, and then, to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates and to Radian in the following order of priority and to the extent of such funds, paying Group 1 1, Radian and the Class 1-B Certificates 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 the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1, Loan Group 3 2 and Loan Group 4, and paying Group 3 and the Class 23-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 53, 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 Mort Sec Inc Mort Pass THR Certs Ser 2003 10)
Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Servicer's Certificate, 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 Master Servicer, the Securities Administrator and the Trustee pursuant to Sections 3.11(b)(iSection 3.09(f) and 3.11(b)(iiSection 3.11(a) and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer'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, in an amount as specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds (or be deemed to apply such funds, as applicable), first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Middle-Tier Certificate Sub-Account and to the Class 1-A-LR R Certificate, and then, then to distributions in respect of the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) for a deemed deposit in the Upper-Tier Certificate Sub-Account and the Class 1-A-MR Certificate. Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, 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, 3 and paying Group 4 solely the Subordinate Certificates (including amounts used to pay Class PO Deferred Amounts) from the Pool Distribution Amount for Loan Group 4, paying Group 5 solely from the Pool Distribution Amount for Loan Group 5, paying the Class X-B Certificates solely from the combined Pool Distribution Amounts for all Loan Group 1, Loan Group 3 and Loan Group 4, paying the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, paying the Class 5-B Certificates solely from the Pool Distribution Amount for Loan Group 5Groups, 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. 2005-5 Trust)