Distributions and Payments Sample Clauses

Distributions and Payments. Section 4.01.

Distributions and Payments. Section 6.01 Establishment of Accounts; Withdrawals from Accounts; Deposits to the Distribution Account....................................................................................76 Section 6.02 Permitted Withdrawals From the Distribution Account........................................78 Section 6.03 Collection of Money........................................................................78 Section 6.04 [RESERVED].................................................................................78 Section 6.05 Distributions..............................................................................78 Section 6.06 Investment of Accounts.....................................................................81 Section 6.07 Reports....................................................................................82 Section 6.08 Additional Reports by Trustee..............................................................85 Section 6.09

Distributions and Payments. Establishment of Accounts; Withdrawals from Accounts; Deposits to the Distribution Account................................72 Section 6.02 Permitted Withdrawals From the Distribution Account.................73 Section 6.03 Collection of Money.................................................73 Section 6.04 The Certificate Insurance Policy....................................73 Section 6.05 Distributions.......................................................75 Section 6.06

Distributions and Payments. (a) On the first anniversary of the date of this Agreement, or, if such date does not fall on a Business Day, on the next succeeding Business Day (the “Initial Distribution Date”), the Escrow Agent shall release to the Indemnifying Company Stockholders (based on their Pro Rata Share thereof as specified on Exhibit A) the portion of the Company Indemnity Escrow Shares by which the number of Company Indemnity Escrow Shares then held in the General York Escrow Fund exceed the number of MCC Shares calculated as follows: (i) the sum of (A) the aggregate dollar amount of the General York Reserve, if any, as of the Initial Distribution Date; plus (B) the aggregate dollar amount of Claims for Losses (other than Claims in respect of Special Owned Site Environmental Liabilities) under Demands delivered less than forty five (45) days prior to the Initial Distribution Date, if any, that are attributable to the Indemnifying Company Stockholders under such Claim to the extent the Escrow Agent has not received from the Stockholders’ Representative a Dispute Notice with respect thereto as of the Business Day immediately preceding the Initial Distribution Date; plus (C) Two Million Five Hundred Thousand Dollars ($2,500,000); divided by (ii) the MCC Stock Price determined as of the fourth Business Day preceding the Initial Distribution Date in accordance with Section 4(g) hereof (b) On the Initial Distribution Date, the Escrow Agent shall release to DLJ an aggregate amount equal to the excess, if any, of the dollar value of the DLJ Indemnity Escrow Deposit (including any Earnings) in the DLJ Escrow Fund over the sum of (A) the aggregate dollar amount of the DLJ Reserve, if any, as of the Initial Distribution Date; plus (B) the aggregate dollar amount of Claims for Losses under Demands delivered less than forty five (45) days prior to the Initial Distribution Date, if any, that are attributable to DLJ under such Claim to the extent the Escrow Agent has not received from the Stockholders’ Representative a Dispute Notice with respect thereto as of the Business Day immediately preceding the Initial Distribution Date; plus

Distributions and Payments. 73 Section 6.1 Establishment of Certificate Account, Deposits to the Certificate Account..................73 Section 6.2 Permitted Withdrawals From the Certificate Account.........................................73 Section 6.3 Collection of Money........................................................................74 Section 6.4 The Certificate Insurance Policy...........................................................74 Section 6.5 Distributions..............................................................................75 Section 6.6

Distributions and Payments. 45 Section 6.01 ESTABLISHMENT OF CERTIFICATE ACCOUNTS; DEPOSITS TO THE CERTIFICATE ACCOUNTS...........................................45 Section 6.02 PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT.............45

Distributions and Payments. For each Accounting Period, on a cumulative basis, Distributable Cash shall be paid and distributed to the Members in the ratio of their respective Membership Percentages.

Distributions and Payments. Section 6.1 Establishment of Certificate Account, Additional Certificate Account, Capitalized Interest Account and Pre-Funding Account; Deposits to the Certificate Account, the Additional Certificate Account, Capitalized Interest Account and the Pre-Funding Account. (a) The Trustee shall establish and maintain the Certificate Account which shall be titled "Certificate Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Class A and Class R" and which shall be an Eligible Account. Notice of the establishment of the Certificate Account shall be promptly provided in writing to each of the Servicer, the Rating Agencies and the Certificate Insurer. (b) The Trustee shall establish and maintain the Additional Certificate Account which shall be titled "Additional Certificate Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Additional Certificates." Notice of the establishment of the Additional Certificate Account shall be promptly provided in writing to each of the Servicer, the Certificate Insurer and the Holder of the Additional Certificate. (i) The Trustee shall establish and maintain the Pre-Funding Account which shall be titled "Pre-Funding Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Class A" and which shall be an Eligible Account. The Trustee shall deposit the Original Group I Pre-Funded Amount from the proceeds of the sale of the Class A-1 Certificates and the Original Group II Pre-Funded Amount from the proceeds of the sale of the Group II Certificates into the Pre-Funding Account on the Closing Date. (ii) The Trustee shall establish and maintain the Capitalized Interest Account which shall be titled "Capitalized Interest Account, ________________, as trustee for the registered holders of Mortgage Pass-Through Certificates, Series _____, Class A" and which shall be an Eligible Account. The Trustee shall deposit the Capitalized Interest Requirement from the proceeds of the sale of the Class A Certificates into the Capitalized Interest Account on the Closing Date unless an Eligible Letter of Credit with respect to such amount has been delivered to the Trustee on the Closing Date. (d) The Servicer may direct the Trustee in writing to invest the funds in the Certificate Account, the Capitalized Interest Account and the Pre-Funding Account only in Permitted...

Distributions and Payments. Section 3.1 Payments to the Indenture Trustee..................................

Distributions and Payments. Trustee shall be entitled to hold as part of the Trust Estate, subject to the Trust Agreement, all income, interest or distributions from cash, Cash Equivalents and all Proceeds, provided that such income, interest or distributions shall be pledged as Collateral hereunder.