Common use of Allocation of Net Deferred Interest Clause in Contracts

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Net Deferred Interest allocated to a Class of Certificates shall be an amount equal to the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at the applicable Pass-Through Rate during the Interest Accrual Period related to that Distribution Date over (ii) the amount of interest that accrued on such Class of Certificates at the related Adjusted Cap Rate during the Interest Accrual Period related to that Distribution Date. (b) Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class Certificate Balance of such Class of Certificates.

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Net Deferred Interest will be allocated to a Class among the Classes of interest-bearing Certificates shall be in an amount equal to the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at the applicable its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date over (ii) the amount of interest that accrued on such Class of Certificates at the related its respective Adjusted Rate Cap Rate during the Interest Accrual Period related to that Distribution Date. (b) Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class Certificate Balance of such Class of Certificates.

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Net Deferred Interest will be allocated to a Class among the Classes of interest-bearing Certificates shall be in an amount equal to the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at the applicable its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date over (ii) the amount of interest that accrued on such Class of Certificates at the related its respective Adjusted Cap Rate during the Interest Accrual Period related to that Distribution Date. (b) Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class Certificate Balance of such Class of Certificates.