Common use of Allocation of Deferred Interest Clause in Contracts

Allocation of Deferred Interest. (a) On or prior to the latest Determination Date in each month, the Securities Administrator shall determine the amount of any Deferred Interest in respect of the Mortgage Loan that occurred during the immediately preceding calendar month. (b) With respect to any Distribution Date, any Deferred Interest with respect to a Mortgage Loan will be allocated to increase the Certificate Principal Balance of each of the Class A-1, Class A-2, Class M-1, Class M-2 and Class B Certificatex xx xxx xxxxxwing manner: (i) to the Class A-1 Certificates and the Class A-2 Certificates (PRO RATA, based on the Certificate Principal Balance of each such Class) in an amount equal to the amount of Deferred Interest times (x) the aggregate Certificate Principal Balance of the Class A Certificates over (y)the aggregate Stated Principal Balance of the Mortgage Loans; and (ii) all remaining amounts of Deferred Interest not allocated to the Class A Certificates, pursuant to clause (i) above, to the then outstanding Classes of Subordinate Certificates, PRO RATA, based upon the Current Principal Amount of each such Class. (c) On each Distribution Date on which the Current Principal Amount of a Class of Certificates is increased by Deferred Interest in accordance with Section 5.04B(b) above, the interest otherwise paid to such Class shall be decreased by an equivalent amount.

Allocation of Deferred Interest. (a) On or prior to the latest Determination Date in each month, the Securities Administrator shall determine the amount of any Deferred Interest in respect of the Mortgage Loan that occurred during the immediately preceding calendar month. (b) With respect to For any Distribution Date, any the Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class A-X Certificates, the IO Component) in proportion to the excess, if any, for each such Class or IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Deferred Interest allocable to a Mortgage Loan Class of Certificates (other than the Class A-X Certificates) on such Distribution Date will be allocated added as Principal to increase the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class A-X Certificates and each Distribution Date, any amount of Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class A-1, Class A-2, Class M-1, Class M-2 and Class B Certificatex xx xxx xxxxxwing manner: (i) A-X Certificates on such Distribution Date will be added as principal to the Class A-1 Certificates outstanding Component Principal Balances of the PO-1 and the Class A-2 Certificates (PRO RATA, PO-2 Components based on the Certificate Principal Balance of each such Class) in an amount equal to upon the amount of Deferred Interest times (x) the aggregate Certificate Principal Balance of the Class A Certificates over (y)the aggregate Stated Principal Balance of attributable to the Mortgage Loans; and (ii) all remaining amounts of Deferred Interest not allocated to Loans in the Class A Certificates, pursuant to clause (i) above, to the then outstanding Classes of Subordinate Certificates, PRO RATA, based upon the Current Principal Amount of each such Classrelated Loan Group. (c) On each Distribution Date on which the Current Principal Amount of a Class of Certificates is increased by Deferred Interest in accordance with Section 5.04B(b) above, the interest otherwise paid to such Class shall be decreased by an equivalent amount.

Allocation of Deferred Interest. (a) On or prior to the latest Determination Date in each month, the Securities Administrator shall determine the amount of any Deferred Interest in respect of the each Mortgage Loan that occurred during the immediately preceding calendar month. (b) With respect to any Distribution Date, any Deferred Interest with respect to a Mortgage Loan will be allocated to increase the Certificate Principal Balance of each of the Class A-1, Class A-2, Class M-1, Class M-2 and Class B Certificatex xx Certificates in xxx xxxxxwing xxxxxxxxx manner: (i) to the Class A-1 Certificates and the Class A-2 Certificates (PRO RATA, based on the Certificate Principal Balance of each such Class) in an amount equal to the amount of Deferred Interest times (x) the aggregate Certificate Principal Balance of the Class A Certificates over (y)the aggregate Stated Principal Balance of the Mortgage Loans; and (ii) all remaining amounts of Deferred Interest not allocated to the Class A Certificates, pursuant to clause (i) above, to the then outstanding Classes of Subordinate Certificates, PRO RATA, based upon the Current Principal Amount of each such Class. (cd) On each Distribution Date on which the Current Principal Amount of a Class of Certificates is increased by Deferred Interest in accordance with Section 5.04B(b) above, the interest otherwise paid to such Class shall be decreased by an equivalent amount.