Common use of Allocation of Net Deferred Interest Clause in Contracts

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Senior Percentage of the Net Deferred Interest will be allocated among the Senior Certificates and the Subordinated Percentage of the Net Deferred Interest will be allocated to the Subordinated Certificates. Among the Senior Certificates or the Subordinated Certificates, as applicable, 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Rate Cap 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, except that the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO Component.

Allocation of Net Deferred Interest. (a1) For any Distribution Date, the Senior Percentage of the Net Deferred Interest related to a Loan Group will be allocated among the related Senior Certificates Certificate Group and the related Subordinated Percentage of the Net Deferred Interest for such Loan Group will be allocated to the Subordinated Certificates. Among the Senior Certificates in a Senior Certificate Group or the Subordinated Certificates, as applicable, 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Cap Rate Cap during the Interest Accrual Period related to that Distribution Date. (b2) Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class Certificate Balance of such Class of Certificates, except that in the case of the Class X Certificates, the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO Principal Only Component.

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Senior Percentage of the Net Deferred Interest related to a Loan Group will be allocated among the related Senior Certificates Certificate Group and the related Subordinated Percentage of the Net Deferred Interest for such Loan Group will be allocated to the Subordinated Certificates. Among the Senior Certificates in a Senior Certificate Group or the Subordinated Certificates, as applicable, 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Rate Cap 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, except that in the case of a Class of Component Certificates, the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO Principal Only Component.

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Senior Percentage of the Net Deferred Interest will be allocated among the Senior Certificates and the Subordinated Percentage of the Net Deferred Interest will be allocated to the Subordinated Certificates. Among the Senior Certificates or the Subordinated Certificates, as applicable, 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Rate Cap 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, except that in the case of a Class of Component Certificates, the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO Principal Only Component.

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Senior Percentage of the Net Deferred Interest will be allocated among the Senior Certificates and the Subordinated Percentage of the Net Deferred Interest will be allocated to the Subordinated Certificates. Among the Senior Certificates or the Subordinated Certificates, as applicable, 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Cap Rate Cap 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, except that in the case of a Class of Component Certificates, the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO Principal Only Component.

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Senior Percentage of the Net Deferred Interest will be allocated among on the Senior Certificates and the Subordinated Percentage of the Net Deferred Interest Mortgage Loans in a Loan Group will be allocated to the Subordinated Certificates. Among the Senior related Certificates or the Subordinated Certificates, as applicable, the Net Deferred Interest allocated to a Class of 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Cap Rate Cap 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 of Certificate Balance of such Class of Certificates, except that in the case of the Class X Certificates, the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO ComponentPrincipal Only Component of that Class of Certificates.

Allocation of Net Deferred Interest. (a1) For any Distribution Date, the Senior Percentage of the Net Deferred Interest related to a Loan Group will be allocated among the related Senior Certificates Certificate Group and the related Subordinated Percentage of the Net Deferred Interest for such Loan Group will be allocated to the Subordinated Certificates. Among the Senior Certificates in a Senior Certificate Group or the Subordinated Certificates, as applicable, 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Cap Rate Cap during the Interest Accrual Period related to that Distribution Date. (b2) Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class of Certificate Balance of such Class of Certificates, except that in the case of the Class X Certificates, the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO Principal Only Component.

Allocation of Net Deferred Interest. (a) For any Distribution Date, the Senior Percentage of the Net Deferred Interest related to a Loan Group will be allocated among the related Senior Certificates Certificate Group and the related Subordinated Percentage of the Net Deferred Interest for such Loan Group will be allocated to the Subordinated Certificates. Among the Senior Certificates in a Senior Certificate Group or the Subordinated Certificates, as applicable, 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 or its related Notional Amount Components at 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 or its related Notional Amount Components at the related Adjusted Cap Rate Cap 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, except that in the case of a Class of Component Certificates, the amount of Net Deferred Interest allocated to a Notional Amount Component shall be added to the Component Principal Balance of the related PO Principal Only Component.