The Certificate Insurance Policy. (a) Not later than two Business Days prior to the Remittance Date, the Trustee, based on the information provided to it by the Master Servicer pursuant to Section 6.5 hereof, shall determine with respect to the immediately following Remittance Date the amount to be on deposit in the Certificate Account reduced by (x) the sum of the amounts described in clauses (i) and (ii) of Section 6.5(a) and the amounts described in clauses (i) and (ii) of Section 6.5(b) for the related Remittance Date, and further not including (y) any Insured Payment.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Bcap LLC), Pooling and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv), Exhibit 99 (Bear Stearns Asset Backed Securities Inc)
