Accrual Interest Sample Clauses

Accrual Interest. On each Distribution Date, the increase in the principal balance of the T-4 Accrual Interest may not exceed interest accruals for such Distribution Date for the T-4 Accrual Interest. In the event that: (i) 50% of the increase in the Overcollateralized Amount exceeds (ii) interest accruals on the T-4 Accrual Interest for such Distribution Date, the excess for such Distribution Date (accumulated with all such excesses for all prior Distribution Dates) shall be added to any increase in the Overcollateralized Amount for purposes of determining the amount of interest accrual on the T-4 Accrual Interest payable as principal on the REMIC IV Accretion Directed Classes on the next Distribution Date pursuant to the first sentence of this paragraph. All payments of principal generated by the Mortgage Loans shall be allocated 50% to the T-4 Accrual Interest, and 50% to the REMIC IV Accretion Directed Classes (in an amount equal to 50% of the principal amounts allocated to their respective Corresponding Classes), until paid in full. Notwithstanding the above, principal payments allocated to the Class X Certificates that result in the reduction in the Overcollateralized Amount shall be allocated to the T-4 Accrual Interest (until paid in full). Realized losses shall be applied so that after all distributions have been made on each Distribution Date (i) the principal balances of each of the REMIC IV Accretion Directed Classes is equal to 50% of the principal balance of its respective Corresponding Class, and (ii) the principal balance of the T-4 Accrual Interest is equal to the excess of (x) the Pool Principal Balance over (ii) the sum of the principal balances of the remaining regular interests in REMIC IV. REMIC V: The following table sets forth characteristics of the Certificates, each of which, except for the Class R Certificates, is hereby designated as a “regular interest” in the REMIC V: Class Original Certificate Principal Balance Pass-Through Rate Class A1 $230,000,000.00 (1) Class A2 268,000,000.00 (1) Class A3 128,200,000.00 (1) Class A-IO (2) (2) Class M1 45,000,000.00 (1) Class M2 37,500,000.00 (1) Class M3 11,250,000.00 (1) Class M4 11,250,000.00 (1) Class M5 9,370,000.00 (1) Class M6 9,372,000.00 (1) Class B-IO (3) (3) Class X (4) (4) Class P $100 (5) Strip Amount (6) (6) Class R (7) N/A N/A _______________