Security Distribution Due Date definition

Security Distribution Due Date. The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms.
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Security Distribution Due Date. The date upon which a particular Security Distribution is payable to the holder of the related GNMA Security in accordance with its terms.
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Security Distribution Due Date. The date upon which a particular Security Distribution is payable to the holder of the related Mortgage Security in accordance with its terms. Servicer: EMC Mortgage Corporation, a Delaware corporation, or any successor.
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Examples of Security Distribution Due Date in a sentence

  • As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Mae shall withdraw from the Certificate Account all amounts held therein in respect of the Mortgage Securities relating to the Designated Funding Classes and (a) deposit in the Funding Account any such amount as shall be necessary to make the amount held therein equal to the Initial Funding Amount and (b) pay over to itself any amounts remaining after the deposit referred to in (a) above.

  • In addition to the above, if the breach of the law or licensing requirement or condition is considered to be of public health or safety significance or very serious in nature, the FEHD may exercise his authority under the PHMSO to suspend or cancel the licence with immediate effect.

  • As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Xxx shall withdraw from the Certificate Account all amounts held therein in respect of the Mortgage Securities relating to the Designated Funding Classes and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.

  • As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Xxx shall withdraw from the Certificate Account all amounts held therein and (a) deposit in the Funding Account such amount as shall be necessary in order that the amount held therein be equal to the Initial Funding Amount and (b) remit to itself any amounts remaining after the deposit referred to in (a) above.

  • As promptly as practicable following the related Security Distribution Due Date, Xxxxxx Mae shall withdraw from the Certificate Account all amounts held therein and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.

  • As promptly as practicable following the related Security Distribution Due Date, Xxxxxx Mae shall withdraw from the Certificate Account all amounts held therein and (a) deposit in the Funding Account such amount as shall be necessary in order that the amount held therein be equal to the Initial Funding Amount and (b) remit to itself any amounts remaining after the deposit referred to in (a) above.

  • As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Xxx shall withdraw from the Certificate Account all amounts held therein and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.

  • As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Mae shall withdraw from the Certificate Account all amounts held therein and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.

  • As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Mae shall withdraw from the Certificate Account all amounts held therein in respect of Lower Tier Interest - through -, inclusive and (a) deposit in the Funding Account any such amount as shall be necessary to make the amount held therein equal to the Initial Funding Amount and (b) pay over to itself any amounts remaining after the deposit referred to in (a) above.

  • As promptly as practicable following the Related Security Distribution Due Date, Xxxxxx Xxx shall withdraw from the Certificate Account all amounts held therein in respect of the Group 1, Group 2, Group 6, Group 7 and Group 8 MBS and deposit the same in the Funding Account, subject to withdrawal as hereinafter provided.


More Definitions of Security Distribution Due Date

Security Distribution Due Date. The date upon which a particular Security Distribution is payable to the holder of the related Xxxxxx Xxx Security in accordance with its terms. Settlement Date: June 28, 1996.
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Security Distribution Due Date. The date upon which a particular Security Distribution is payable to the holder of the related Xxxxxx Mae Security in accordance with its terms.
Sample 1
Security Distribution Due Date. The date upon which a particular Security Distribution is payable to the holder of the related MBS in accordance with its terms. Servicer: EMC Mortgage Corporation, a Delaware Corporation, or any successor. Settlement Date: As specified in the Prospectus Supplement.
Sample 1

Related to Security Distribution Due Date

  • Security Distribution As to any Mortgage Security and Security Distribution Due Date, the amount of distribution payable to the holder of such Mortgage Security in accordance with its terms.

  • Monthly Distribution Date means the "Distribution Dates" set forth under "Summary of Essential Financial Information--Estimated Distributions" in the Prospectus Part I for a Trust.

  • Quarterly Distribution Date means the last Business Day of the month following the end of each calendar quarter after the Effective Date; provided, however, that if the Effective Date is within 45 days of the end of a calendar quarter, the first Quarterly Distribution Date will be the last Business Day of the month following the end of the first calendar quarter after the calendar quarter in which the Effective Date falls.

  • Excess Cash Payment Date means the date occurring 95 days after the last day of each Fiscal Year of Holdings (commencing with the Fiscal Year of Holdings ended December 31, 2010).

  • Regular Distribution Date Replacement Liquidity Facility", "Responsible Officer", "Scheduled Payment", "Special Payment", "S&P", "Stated Interest Rate", "Subordination Agent", "Taxes", "Threshold Rating", "Trust Agreement", "Trustee", "Underwriters", "Underwriting Agreement", "United States" and "Written Notice".

  • Regular Distribution Dates means each April 1 and October 1, commencing on April 1, 2016; provided, however, that, if any such day shall not be a Business Day, the related distribution shall be made on the next succeeding Business Day without additional interest.

  • Quarterly Distribution means with respect to each Distribution Date, the distribution to be made to the Holders of the Up-MACRO Tradeable Shares that are Outstanding on the Distribution Date pursuant to Section 5.2(a).

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Distribution Date.

  • Series A Distribution Payment Date has the meaning assigned to such term in Section 5.11(b)(i)(A).

  • Cash Flow Distribution Amount As to any calendar month, the aggregate amount of principal distributable in respect of the Mortgage Securities in such calendar month.

  • Distribution Payment Date has the meaning set forth in paragraph 2(b) of Annex I.

  • Accrual Distribution Amount As to any Distribution Date prior to the applicable Accretion Termination Date and any Class of Accrual Certificates, an amount equal to the sum of (i) the Class A Interest Percentage of such Class of Accrual Certificates of the Current Class A Interest Distribution Amount and (ii) the Class A Interest Shortfall Percentage of such Class of Accrual Certificates of the amount distributed in respect of the Classes of Class A Certificates pursuant to Paragraph second of Section 4.01(a)(i) on such Distribution Date. As to any Distribution Date on or after the applicable Accretion Termination Date, zero.

  • Extra Principal Distribution Amount As of any Distribution Date, the lesser of (x) the related Total Monthly Excess Spread for such Distribution Date and (y) the related Subordination Deficiency for such Distribution Date.

  • Pool Distribution Amount As to any Distribution Date and Loan Group, the excess of (a) the sum of (i) the aggregate of (A) the interest portion of any Monthly Payment on a Mortgage Loan in such Loan Group (net of the Servicing Fee) and the principal portion of any Monthly Payment on a Mortgage Loan in such Loan Group due on the Due Date in the month in which such Distribution Date occurs and which is received prior to the related Determination Date (or in the case of any Monthly Covered Amount, the related Remittance Date) and (B) all Periodic Advances and payments of Compensating Interest made by the Servicer in respect of such Loan Group and Distribution Date deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(vii); (ii) all Liquidation Proceeds received on the Mortgage Loans in such Loan Group during the preceding calendar month and deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(iii); (iii) all Principal Prepayments (other than Total Covered Amounts) received on the Mortgage Loans in such Loan Group during the month preceding the month of such Distribution Date and deposited to the Servicer Custodial Account pursuant to Section 3.08(b)(i) during such period and all Total Covered Amounts received and deposited in the Servicer Custodial Account by the related Remittance Date; (iv) in connection with Defective Mortgage Loans in such Loan Group or Converted Mortgage Loans, as applicable, the aggregate of the Repurchase Prices and Substitution Adjustment Amounts deposited on the related Remittance Date pursuant to Section 3.08(b)(vi); (v) any other amounts in the Servicer Custodial Account deposited therein pursuant to Sections 3.08(b)(iv), (v) and (ix) in respect of such Distribution Date and such Loan Group; (vi) any Reimbursement Amount required to be included pursuant to Section 5.02(a) and (vii) any Recovery with respect to such Distribution Date over (b) any (i) amounts permitted to be withdrawn from the Servicer Custodial Account pursuant to clauses (i) through (vii), inclusive, of Section 3.11(a) in respect of such Loan Group and (ii) amounts permitted to be withdrawn from the Certificate Account pursuant to clauses (i) and (ii) of Section 3.11(b) in respect of such Loan Group.

  • Last Scheduled Distribution Date The Distribution Date in the month immediately following the month of the latest scheduled maturity date for any of the Mortgage Loans.

  • Group I Principal Distribution Amount With respect to any Distribution Date, the sum of (i) the Group I Basic Principal Distribution Amount for such Distribution Date and (ii)(a) the Extra Principal Distribution Amount for such Distribution Date multiplied by (b) the Group I Allocation Percentage.

  • Class Prepayment Distribution Trigger For a Class of Subordinate Certificates for any Distribution Date, the Class Prepayment Distribution Trigger is satisfied if the fraction (expressed as a percentage), the numerator of which is the aggregate Current Principal Amount of such Class and each Class of Subordinate Certificates subordinate thereto, if any, and the denominator of which is the Scheduled Principal Balance of all of the Mortgage Loans as of the related Due Date, equals or exceeds such percentage calculated as of the Closing Date.

  • Lower-Tier Distribution Amount As defined in Section 5.02(a).

  • Group I Basic Principal Distribution Amount With respect to any Distribution Date, the excess of (i) the Group I Principal Remittance Amount for such Distribution Date over (ii)(a) the Overcollateralization Release Amount, if any, for such Distribution Date multiplied by (b) the Group I Allocation Percentage.