Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 47 contracts
Samples: Trust Agreement (Sasco 2007-Eq1), Trust Agreement (Sasco 2006-Bc3), Trust Agreement (Sasco 2006-Bc2)
Allocation of Losses. On each Distribution Date, the aggregate Class Principal Amounts Amount of the Subordinate Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 10 contracts
Samples: Trust Agreement (Lehman XS Trust Series 2006-Gp4), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar6), Trust Agreement (GreenPoint Mortgage Funding Trust 2006-Ar4)
Allocation of Losses. On each Distribution DateDate on or prior to a Section 7.01(d) Purchase Event, the Class Principal Amounts of the Subordinate Offered Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 10 contracts
Samples: Trust Agreement (Lehman XS Trust 2006-19), Trust Agreement (Lehman XS Trust 2007-14h), Trust Agreement (Lehman XS Trust 2006-11)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 6 contracts
Samples: Trust Agreement (BNC Mortgage Loan Trust 2007-3), Trust Agreement (Sasco 2006-S3), Trust Agreement (Structured Asset Securities Corp 2006-S1)
Allocation of Losses. (a) On each Distribution Date, the aggregate Class Principal Amounts Amount of the Subordinate Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 6 contracts
Samples: Trust Agreement (Lehman XS 2007-4n), Trust Agreement (Lehman XS Trust Series 2007-7n), Reconstituted Servicing Agreement (Lehman XS Trust Series 2007-2n)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts Balance of the each Class of Subordinate Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-A), Pooling and Servicing Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts Balance of the each Class of Subordinate Certificates will shall be reduced by the amount of any Applied Loss Amount for such dateDistribution Date, in the following order of priority:
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-D), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2007-B), Pooling and Servicing Agreement (Bayview Financial Mortgage Pass-Through Trust 2006-C)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts Balance of the each Class of Subordinate Certificates will (other than the Class P Certificates) shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Bayview Financial Corp Mortgage Pass THR Certs Ser 2003-E), Pooling and Servicing Agreement (Bayview Financial Mort Pass THR Certs Ser 2003-F), Pooling and Servicing Agreement (Bayview Financial Sec Co LLC Mort Pas THR Certs Ser 2004 C)
Allocation of Losses. (a) On each Distribution Date, the aggregate Class Principal Amounts Amount of the Subordinate Class M Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 3 contracts
Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust 2005-8xs), Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust 2005-3xs), Trust Agreement (Structured Adjustable Rate Mortgage)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Class M Certificates and Class B Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 3 contracts
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002-Bc8), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Ff3), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc9)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Senior Certificates and the Subordinate Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Custodial Agreement (Structured Asset Investment Loan Trust 2004-10), Custodial Agreement (Structured Asset Investment Loan Trust 2004-10)
Allocation of Losses. On each Distribution Date, the Class Certificate Principal Amounts Amount of the Subordinate each Class of Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (American Residential Eagle Inc), Trust Agreement (American Residential Eagle Inc)
Allocation of Losses. (a) On each Distribution Date, the aggregate Class Principal Amounts Amount of the Subordinate Certificates will shall be reduced by the amount of any Pool 1 Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Lehman XS Trust Series 2007-16n), Trust Agreement (Greenpoint Mortgage Funding Trust 2007-Ar2)
Allocation of Losses. (a) On each Distribution Date, the aggregate Class Principal Amounts Amount of the Subordinate Offered Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-19-Xs), Trust Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-17xs)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will (other than the Class X, Class E, Class P and Class R Certificates) shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 28xs), Trust Agreement (Lehman Abs Corp Mortgage Pass THR Certs Ser 2003-1)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will (other than the Class A-IO, Class X, Class P and Class R Certificates) shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Mortgage Pass-Through Certificates Ser 2003-18xs), Trust Agreement (Structured Asset Securities Corp Mo Pa Th Ce Ser 2003-25xs)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates and the Subordinate Senior Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Structured Asset Securities Corporation, 2005 OPT-1), Trust Agreement (Structured Asset Investment Loan Trust 2005-1)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts Balance of the each Class of Subordinate Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:: [to be provided as applicable]
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (BLG Securities Company, LLC), Pooling and Servicing Agreement (Bayview Financial Securities Co LLC)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Senior Certificates and Subordinate Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-5), Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-5)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts of the Group 1 Subordinate Certificates will shall be reduced by the amount of any Pool 1 Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Lehman XS Trust Series 2005-2), Trust Agreement (Lehman Xs Trust Series 2005-3)
Allocation of Losses. (a) On each Distribution Date, the aggregate Class Principal Amounts Amount of the Subordinate Certificates will shall be reduced by the amount of any Pool 1-2 Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Trust Agreement (Greenpoint Mortgage Funding Trust 2007-Ar1), Reconstituted Servicing Agreement (Lehman XS Trust Series 2007-15n)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Homebanc Corp), Pooling and Servicing Agreement (HomeBanc 2006-1)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts of the Subordinate Class M Certificates will and the Class B Certificates shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Securities Corp 2005-S5)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will (other than the Class X, Class P and Class R Certificates) shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Allocation of Losses. On each Distribution DateDate on or prior to a Section 7.01(d) Purchase Event, the aggregate, the Class Principal Amounts of the Subordinate Offered Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts of the Subordinate Class 1-A Certificates will and the Class 1-M Certificates shall be reduced by the amount of any Pool 1 Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Securities Corp Mort Pas THR Cert Se 04 4xs)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Offered Subordinate Certificates will be reduced by the amount of any Applied Loss Amount for such date, sequentially, in the following inverse order of priority:the Subordinate Priority.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Investment Loan Trust 2004-8)
Allocation of Losses. (a) On each Distribution Date, the aggregate Class Principal Amounts Amount of the Subordinate Senior Certificates will and the Class M Certificates shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (Structured Adjustable Rate Mortgage Loan Trust 2005-6xs)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will (other than the Class A-IO, Class X, Class E, Class P and Class R Certificates) shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (Lehman Abs Corp)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates will (other than the Class X, Class P and Class R Certificates) shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2004 6xs)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Certificates and the Component Principal Amount of the Components of the Subordinate Senior Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (First Franklin Mortgage Loan Trust 2005-Ff10)
Allocation of Losses. (a) On each Distribution Date, the Class Principal Amounts of the Subordinate Publicly Offered Certificates will shall be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Securities Corp 2005-S4)
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Class M Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Allocation of Losses. On each Distribution Date, the Class Principal Amounts of the Subordinate Class M and Class B Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7)
Allocation of Losses. On each Distribution Date, the Class Certificate Principal Amounts Amount of the Subordinate each Class of Class M-1, Class M-2 and Class B Certificates will be reduced by the amount of any Applied Loss Amount for such date, in the following order of priority:
Appears in 1 contract
Allocation of Losses. (a) On each Distribution Date, the Class Certificate Principal Amounts Balance of the Subordinate each Class of Certificates will shall be reduced by the amount of any Applied Loss Amount Realized Losses for such date, in the following order of priority:: [to be provided as applicable]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (HMB Acceptance Corp.)
