Common use of Allocation of Net Deferred Interest Clause in Contracts

Allocation of Net Deferred Interest. For any Distribution Date, Net Deferred Interest shall be allocated to each Class of LIBOR Certificates in an amount equal to the excess, if any, of (i) the amount that would have been the Monthly Interest Distributable Amount for such Class if the Monthly Interest Distributable Amount for such Class had been computed at the Pass-Through Rate for such Class, over (ii) the actual Monthly Interest Distributable Amount for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of LIBOR Certificates on such Distribution Date shall be added as Principal to the outstanding Class Principal Balance of such Class of Certificates. Any Net Deferred Interest that is not allocable to any Class of LIBOR Certificates pursuant to the first sentence of this paragraph shall be allocated to the Class C Certificates and thereby increase the Overcollateralized Amount.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest shall on the Mortgage Loans will be allocated to each Class among the Classes of LIBOR Certificates in an amount equal proportion to the excess, if any, for each such Class of (i) the amount that would have been the Monthly Interest Distributable Amount for such Class if the Monthly Interest Distributable Amount for such Class had been computed accrued at the Pass-Through Rate for such Class, over (ii) the actual amount of the Monthly Interest Distributable Amount for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of LIBOR Certificates on and for such Distribution Date shall be added as Principal to calculated at the outstanding Class Principal Balance of related Adjusted Cap Rate for such Class of CertificatesClass. Any Net Deferred Interest that is not allocable to any Class of LIBOR Certificates pursuant to the first preceding sentence of this paragraph shall be allocated to the Class C Certificates. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates and thereby increase on such Distribution Date will be added as Principal to the Overcollateralized Amountoutstanding Class Principal Balance of such Class of Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest shall on the Mortgage Loans will be allocated to each Class among the Classes of LIBOR Certificates in an amount equal proportion to the excess, if any, for each such Class of (i) the amount that would have been the Monthly Interest Distributable Amount for such Class if the Monthly Interest Distributable Amount for such Class had been computed accrued at the Pass-Through Rate for such Class, over (ii) the actual amount of the Monthly Interest Distributable Amount for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of LIBOR Certificates on and for such Distribution Date shall be added as Principal to calculated at the outstanding Class Principal Balance of LIBOR Adjusted Cap Rate for such Class of CertificatesClass. Any Net Deferred Interest that is not allocable to any Class of LIBOR Certificates pursuant to the first preceding sentence of this paragraph shall be allocated to the Class C Certificates. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates and thereby increase on such Distribution Date will be added as Principal to the Overcollateralized Amountoutstanding Class Certificate Principal Balance of such Class of Certificates.

Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest shall on the Mortgage Loans will be allocated to each Class among the Classes of LIBOR Certificates in an amount equal proportion to the excess, if any, for each such Class of (i) the amount that would have been the Monthly Interest Distributable Amount for such Class if the Monthly Interest Distributable Amount for such Class had been computed accrued at the Pass-Through Rate for such Class, over (ii) the actual amount of the Monthly Interest Distributable Amount for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of LIBOR Certificates on and for such Distribution Date shall be added as Principal to calculated at the outstanding Class Principal Balance of related Adjusted Cap Rate for such Class of CertificatesClass. Any Net Deferred Interest that is not allocable to any Class of LIBOR Certificates pursuant to the first preceding sentence of this paragraph shall be allocated to the Class C Certificates and thereby increase the Overcollateralized Amount. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates on such Distribution Date will be added as Principal to the outstanding Class Principal Balance of such Class of Certificates.