Common use of Priorities of Distributions Clause in Contracts

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 amount payable to the Trustee pursuant to 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 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 and paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, in the following order of priority and to the extent of such funds:

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 amount amounts payable to the Trustee pursuant to Section 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 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 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 and 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2 and paying the Class X-B Certificates solely from the Pool Distribution Amounts for Loan Group 1 and Loan Group 2, and paying Group 3 and the Class 3-B Certificates solely from the Pool Distribution Amount for Loan Group 3, in the following order of priority and to the extent of such funds:

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 amount payable to the Trustee pursuant to 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)(i3.11(b)(1) and then to distributions 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 and 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 22 and paying the Class B Certificates from the remaining combined Pool Distribution Amounts from all the Loan Groups, in the following order of priority and to the extent of such funds:

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 amount amounts payable to the Trustee pursuant to Section 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 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 on the Certificates in the following order of priority and to the extent of such fundsCertificates, paying Group 1 1-CB solely from the Pool Distribution Amount for Loan Group 1 1-CB, paying Group 1-NC solely from the Pool Distribution Amount for Loan Group 1-NC and paying the Class 1-B Certificates solely from the Pool Distribution Amounts for Loan Group 1-CB and Loan Group 1-NC, and paying Group 2 and the Class 2-B Certificates solely from the Pool Distribution Amount for Loan Group 2, in the following order of priority and to the extent of such funds:

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 amount payable to the Trustee pursuant to Section 3.11(b)(ii3.11(b)(i) and (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 amounts distributable on the Certificates in (other than the following order of priority and to the extent of such fundsExchangeable Certificates), paying Group 1 solely from the Pool Distribution Amount for Loan Group 1 and 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, paying Group 3 solely from the Pool Distribution Amount for Group 3, paying Group 4 solely from the Pool Distribution Amount for Group 4 and paying the Subordinate Certificates from the remaining combined Pool Distribution Amounts from all Groups, in the following order of priority set forth below and to the extent of such funds:.

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 amount payable to the Trustee Securities Administrator pursuant to Section 3.11(b)(ii3.11(b)(i) 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 amounts distributable on the payment to itself of the amount payable with respect to such Loan Group pursuant Certificates, subject to Section 3.11(b)(i5.02(b)(v) and then to distributions on the Certificates in the following order of priority and to the extent of such fundsbelow, paying Group 1 solely from the Pool Distribution Amount for Loan Group 1 and 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 and paying the Subordinate Certificates from the remaining combined Pool Distribution Amounts from all Loan Groups, in the following order of priority set forth below and to the extent of such funds:.

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 amount payable to the Trustee pursuant to 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 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 and 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 22 and paying the Subordinate Certificates from the remaining combined Pool Distribution Amounts from both Loan Groups, in the following order of priority and to the extent of such funds:

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 amount amounts payable to the Trustee pursuant to Section 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, first, to distributions in respect of the Uncertificated Lower-Tier Interests as applicable), first specified in this Section 5.02(a) for deposit in the Upper-Tier Certificate Account and to the payment to itself of the amount payable with respect to such Loan Group pursuant to Section 3.11(b)(i) Class 1-A-LR Certificate, and then from the Upper-Tier Certificate Account to distributions 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 and paying 1, Group 2 solely from the Pool Distribution Amount for Loan Group 2, in 2 and Group 3 solely from the following order of priority and to the extent of such fundsPool Distribution Amount for Loan Group 3:

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 amount payable to the Trustee pursuant to 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 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 and paying Group 2 solely from the Pool Distribution Amount for Loan Group 22 and paying the Subordinate Certificates from the remaining combined Pool Distribution Amounts from both Loan Groups, in the following order of priority and to the extent of such funds: