Common use of Allocation of Net Deferred Interest Clause in Contracts

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO Components) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X X-2 Certificates, the PO ComponentsX-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 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 ClassClass or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 Component and the X-2 PO-2 Component Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the Class PO ComponentsCertificates) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Class Principal Balances Balance of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan GroupClass PO Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X X-1 Certificates, the PO ComponentsClass PO-1 Certificates and with respect to the Class X-2 Certificates, the PO-2 Components in the amounts described in the next paragraph) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X X-1 and Class X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X X-1 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X X-1 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 PO-1A Component and the PO-2 PO-1B Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. With respect to the Class X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-2A Component and the PO-2B Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO ComponentsPO-1 and PO-2 Components in the amounts described in the next paragraph) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (other than the Class X-1 Certificates) (or, with respect to the Class X X-2 Certificates, the PO ComponentsComponent) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X X-1 and Class X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and the PO-2 Component Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (other than the Class X-1 Certificates) (or, with respect to the Class X X-2 Certificates, the PO ComponentsX-2 IO Component) in proportion to the excess, if any, for each such Class or X-2 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 ClassClass or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X X-1 and Class X-2 Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X X-2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-2 IO Component of the Class X X-2 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-2 PO-1 Component and the X-2 PO-2 Component Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. Net Deferred Interest will not be allocated to the Class X-1 Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO ComponentsIO 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 ClassClass or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and Component, the PO-2 Component and PO-3 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Group 2 Mortgage Loans will be allocated among the Classes of Group 2 Senior Certificates (or, with respect to the Class X Certificates, the PO Components) and Group 2 Subordinate Certificates in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Group 2 Senior Certificates and Group 2 Subordinate Certificates (other than the Class X any Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class 2-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Group 2 Mortgage Loans that is allocated to the Class 2-X Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balances of the Class 2-PO Certificates. With respect to the Class 2-X-B Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Group 2 Mortgage Loans that is allocated to the Class 2-X-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.2-PO-B Certificates. 111

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the Class PO ComponentsCertificates) in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, in the case of the Class A-1 Certificates, subject to a maximum rate equal to the Net WAC Cap for such Distribution Date, over (ii) the amount of the Monthly Interest Distributable Amount for such Class calculated at the applicable Adjusted Cap Rate for such ClassClass and such Distribution Date. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Class Principal Balances Balance of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan GroupClass PO Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Group 1 Mortgage Loans and Group 2 Mortgage Loans will be allocated among the Classes of Group 1 Certificates and Group 2 Certificates, respectively, (or, with respect to the Class 1-X Certificates, the Class 1-PO ComponentsCertificates and with respect to the Class 2-X Certificates, the Class 2-PO Certificates) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class 1-X and Class 2-X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class 1-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Group 1 Mortgage Loans that is allocated to the Class 1-X Certificates on such Distribution Date will be added as principal to the outstanding Component Class Certificates Principal Balance of the Class 1-PO Certificates. With respect to the Class 2-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable Group 2 Mortgage Loans that is allocated to the Mortgage Loans in Class 2-X Certificates on such Distribution Date will be added as principal to the related Loan Groupoutstanding Class Certificate Principal Balances of the Class 2-PO Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X X-1, Class X-2, Class X-3 and Class X-B Certificates, among the PO related IO Components) 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 ClassClass or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X X-1, Class X-2, Class X-3 and Class X-B Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X X-1, Class X-2 and Class X-3 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the related IO Component of the Class X X-1, Class X-2 and Class X-3 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component, the PO-2 Component and the PO-2 PO-3 Component, respectively, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. With respect to the Class X-B Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO-BB Component of the Class X-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-B1 Component, the PO-B2 Component and the PO-B3 Component, respectively, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO Components) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X X-1 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X X-1 Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component Class PO-1A1 and the PO-2 Component Class PO-1A2 Components, as applicable, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. With respect to the Class X-2A1B Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X-2A1B Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balance of the Class PO-2A1B Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO ComponentsIO 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 ClassClass or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component, the PO-2 Component, the PO-3 Component and the PO-2 PO-4 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Group 1 Mortgage Loans and Group 2 Mortgage Loans will be allocated among the Classes of Group 1 Certificates and Group 2 Certificates, respectively, (or, with respect to the Class X 1-X, Class 2-XA1, Class 2-XA2 and Class 2-XB Certificates, to the 1-PO-1 and 1-PO-2 Components, the Class 2-PO1 Certificates, the PO Class 2-PO2 Certificates and the 2-POB-1 and 2-POB-2 Components, respectively, in the amounts described in the next paragraph) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X 1-X, Class 2-XA1, Class 2-XA2 and Class 2-XB Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class 1-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class 1-X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the 1-PO-1 Component and the 1-PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan GroupSubgroup. With respect to the Class 2-XA1 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the Loan Subgroup 2-A1 Mortgage Loans that is allocated to the Class 2-XA1 Certificates on such Distribution Date will be added as principal to the outstanding Class Certificate Principal Balances of the Class 2-PO1 Certificates. With respect to the Class 2-XA2 Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the Loan Subgroup 2-A2 Mortgage Loans that is allocated to the Class 2-XA2 Certificates on such Distribution Date will be added as principal to the outstanding Class Certificate Principal Balances of the Class 2-PO2 Certificates. With respect to the Class 2-XB Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class 2-XB Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the 2-POB-1 Component and the 2-POB-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Subgroup.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO ComponentsIO 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 ClassClass or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and the PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the PO ComponentsX-IO Component) in proportion to the excess, if any, for each such Class or X-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 ClassClass or Component. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the X-IO Component of the Class X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the X-PO-1 Component and the X-PO-2 Component Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class 2-X Certificates, the 2-PO Components) in proportion to the excess, if any, for each such Class 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 calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Class X Interest-Only Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class 2-X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class 2-X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 Component and the PO-2 Component Class 2-PO Components, as applicable, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan GroupSubgroup.