PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. REMIC ADMINISTRATION
Section 5.01 Distributions..................................................... Section 5.02
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. Section 5.01 Distributions..............................................................................70 Section 5.02 Monthly Advances; Servicing Advances.......................................................74 Section 5.03 Statements to Certificateholders...........................................................75 Section 5.04
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 2 SECTION 4.01. Priorities of Distribution.................................2 SECTION 4.02. Allocation of Losses.......................................2 SECTION 4.03. Recoveries.................................................2 SECTION 4.04. Reserved...................................................2 SECTION 4.05. Monthly Statements to Certificateholders...................2 SECTION 4.06. Servicer to Cooperate......................................2 SECTION 4.07. Cross-Collateralization; Adjustments to Available Funds......................................................2 SECTION 4.08. Reserved...................................................2 SECTION 4.09. Group 6 Basis Risk Reserve Fund............................2 SECTION 4.10. Group 5 Interest Rate Cap Account..........................2 ARTICLE V ADVANCES BY THE MASTER SERVICER AND SERVICERS......................2 SECTION 5.01. Advances by the Master Servicer and Servicers..............2 ARTICLE VI THE CERTIFICATES..................................................2 SECTION 6.01. The Certificates...........................................2 SECTION 6.02. Registration of Transfer and Exchange of Certificates...............................................2 SECTION 6.03. Mutilated, Destroyed, Lost or Stolen Certificates..........2 SECTION 6.04. Persons Deemed Owners......................................2 SECTION 6.05. Access to List of Certificateholders' Names and Addresses..................................................2 SECTION 6.06. Maintenance of Office or Agency............................2 SECTION 6.07. Book Entry Certificates....................................2 SECTION 6.08. Notices to Clearing Agency.................................2 SECTION 6.09. Definitive Certificates....................................2 ARTICLE VII THE DEPOSITOR, THE SELLER, THE MASTER SERVICER, THE SERVICERS AND THE SPECIAL SERVICER..............................2
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 11 SECTION 3.01. Certificate Account....................................11 SECTION 3.02. Distributions..........................................11 SECTION 3.03. Monthly Statements to Certificateholders...............11 ARTICLE IV
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 46 SECTION 4.01. Priorities of Distribution............................................................46 SECTION 4.02. Allocation of Losses..................................................................55 SECTION 4.03. Recoveries............................................................................56 SECTION 4.04. Monthly Statements to Certificateholders..............................................56 SECTION 4.05. Servicer to Cooperate.................................................................57 SECTION 4.06. [Reserved]............................................................................57 SECTION 4.07. [Reserved]............................................................................57 SECTION 4.08. Supplemental Interest Trust...........................................................57 SECTION 4.09. Rights of Swap Counterparty...........................................................59 SECTION 4.10. Replacement Swap Counterparty.........................................................59 ARTICLE V ADVANCES BY THE MASTER SERVICER AND SERVICERS..........................................................59 ARTICLE VI THE CERTIFICATES......................................................................................60
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. SECTION 4.01. Priorities of Distribution. SECTION 4.02. Allocation of Realized Losses. SECTION 4.03. Recoveries. SECTION 4.04. Monthly Statements to Certificateholders. SECTION 4.05. Servicer to Cooperate. SECTION 4.06. Basis Risk Reserve Fund. SECTION 4.07. Distributions on the REMIC I Regular Interests and REMIC II Regular Interests. SECTION 4.08. Supplemental Interest Trust. SECTION 4.09. Rights of Swap Counterparty.
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. 53 Section 4.01. Certificate Account..............................................................53 Section 4.02. Distributions....................................................................53 Section 4.03. Allocation of Realized Losses....................................................55 Section 4.04. Monthly Statements to Certificateholders.........................................56 Section 4.05. Prepayment Interest Shortfalls and Relief Act Shortfalls.........................57 Section 4.06. The Policy.......................................................................58 Section 4.07. Reserve Account..................................................................58 -i- TABLE OF CONTENTS (continued) Page ---- ARTICLE V. ADVANCES..................................................................................59 Section 5.01. Monthly Advances by the Servicer.................................................59 Section 5.02. Advances for Attorneys' Fees.....................................................60 Section 5.03. Nonrecoverable Advances..........................................................60 Section 5.04. Advance Procedures...............................................................61
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. SECTION 4.01 Priorities of Distribution. 101 SECTION 4.02 Allocation of Losses. 107
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. (a) On each Remittance Date, the Trustee shall make distributions to the Certificateholders, based on information provided to the Trustee by the Servicer in the Servicer's Certificate delivered pursuant to Section 4.1, in the following order of priority, in each case to the extent of the Amount Available deposited in the Certificate Account pursuant to Section 3.2(b):
(i) to the Holders of the Class A Certificates, interest accrued on the outstanding Class A Principal Balance immediately preceding such Remittance Date during the Interest Accrual Period relating to such Remittance Date, at a per annum rate equal to the Class A Pass-Through Rate;
(ii) to the Holders of the Class A Certificates, principal equal to the lesser of (A) the outstanding Class A Principal Balance and (B) the Class A Principal Distribution Amount for such Remittance Date;
(iii) if such Remittance Date is a Class A Cross-Over Remittance Date, to the Holders of the Class B Certificates, interest accrued on the outstanding Class B Principal Balance immediately preceding such Remittance Date during the Interest Accrual Period relating to such Remittance Date, at a per annum rate equal to the Class B Pass-Through Rate (if the Remittance Date is not a Class A Crossover Remittance Date, the amount payable under this clause (iii) shall be zero);
(iv) if such Remittance Date is a Class A Cross-Over Remittance Date, to the Holders of the Class B Certificates, principal equal to the lesser of (A) the outstanding Class B Principal Balance and (B) the Class B Principal Distribution Amount for such Remittance Date;
(v) with respect to the first six Remittance Dates and, to the extent a Retention Event shall have occurred (at any time and whether or not cured), any Remittance Date subsequent to a Class A Cross-Over Remittance Date, to the Reserve Account until the principal amount of the Reserve Account equals 5% of the Outstanding Pool Principal Balance (it being understood that on the seventh Remittance Date and each Remittance Date thereafter until the occurrence of a Class A Cross-Over Remittance Date and the occurrence of a Retention Event, no amount will be deposited into the Reserve Account under this clause (v));
(vi) if not a Class A Cross-Over Remittance Date, the remainder of the Amount Available, if any, to the Class A Certificates as principal until the Class A Principal Balance has been reduced to zero ($0), in which case the remainder of the Amount Available is distributed to the Cla...
PAYMENTS AND STATEMENTS TO CERTIFICATEHOLDERS. REMIC ADMINISTRATION
Section 5.01 Distributions................................................ Section 5.02 Priorities of Distributions for the Shifting Interest Groups. Section 5.03 Priorities of Distributions for Group 3...................... Section 5.04
