Common use of Subaccount Distributions Clause in Contracts

Subaccount Distributions. On each Distribution Date, the Trustee shall make the following allocations, disbursements and transfers from the Asset Proceeds Account to the Distribution Account, which shall be an Eligible Account, in the following order of priority:

Appears in 8 contracts

Samples: Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co)

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Subaccount Distributions. On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall make the following allocations, disbursements and transfers from the Asset Proceeds Account to the Distribution Account, which shall be an Eligible Account, in the following order of priority:

Appears in 3 contracts

Samples: Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co), Trust Agreement (Saxon Asset Securities Co)

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Subaccount Distributions. On each Distribution Date, the Trustee shall subject to Section 3.02(b) of the Standard Terms make the following allocations, disbursements and transfers from the Asset Proceeds Account to the Distribution Account, which shall be an Eligible Account, in the following order of priority:

Appears in 1 contract

Samples: Trust Agreement (Saxon Asset Securities Co)

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