Common use of Allocation of Net Deferred Interest Clause in Contracts

Allocation of Net Deferred Interest. On each Distribution Date, the Net Deferred Interest for each Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within the Classes of Senior Certificates in any Senior Certificate Group, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each Class of Senior LIBOR Certificates, the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date, over (ii) the amount of interest that accrues on such Class at the related Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage of the Net Deferred Interest, if any, that will be added to the Class Certificate Balance of the Class A-R Certificates will be calculated based upon its interest entitlement for that Distribution Date. On each Distribution Date, the Subordinated Percentage of any Net Deferred Interest remaining after the allocation to the Subordinated Certificates as described above will be added as principal to the outstanding Component Principal Balance of the related Class X P Component.

Allocation of Net Deferred Interest. On each For any Distribution Date, the Net Deferred Interest for each Loan on the Group 1 Mortgage Loans and Group 2 Mortgage Loans will be allocated as follows: among the Senior Percentage Classes of that Net Deferred Interest will be allocatedCertificates (or, with respect to the Class 1-X, Class 2-X and Class 3-X Certificates, to the Class 1-PO, Class 2-PO and the 3-PO-1 Component and 3-PO-2 Component, respectively, in the aggregate, to the Senior Certificates amounts described in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, next paragraph) in the aggregate, proportion to the Subordinated Certificates. Within the Classes of Senior Certificates in any Senior Certificate Group, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each Class of Senior LIBOR Certificates, the excess, if any, for each such Class of (i) the amount of interest that Monthly Interest Distributable Amount accrued on such Class of Certificates at its respective the Pass-Through Rate during the Interest Accrual Period related to that Distribution Datefor such Class, over (ii) the amount of interest that accrues on the Monthly Interest Distributable Amount for such Class calculated at the related applicable Adjusted Cap Rate for the Interest Accrual Period related to that such Class. On each Distribution Date, (b) with respect to each Class any amount of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect allocable to a Class of Certificates (other than the Class 1-X, Class 2-X and Class 3-X Certificates) on such Distribution Date will be added as Principal to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) outstanding Class Certificate Principal Balance of this sentence, and (c) with such Class of Certificates. With respect to the Class A1-R Certificates, its interest entitlement for that X Certificates and each Distribution Date. Any , any amount of Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest Principal Balances of the Loan Group 1 Mortgage Loans that is allocated to the Class 1-X or Certificates on such Distribution Date will be added as principal to the outstanding Certificate Principal Balance of the Class 1-PO Certificates. With respect to the Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, any amount of Net Deferred Interest added to the Subordinated Percentage Principal Balances of the Net Deferred Interest, if any, for a Loan Group or Subgroup 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 Certificate Principal Balances of the Class 2-PO Certificates. With respect to the Class Certificate Balance of each class of Subordinated 3-X Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On and each Distribution Date, the Senior Percentage any amount of the Net Deferred Interest, if any, that will be Interest added to the Class Certificate Balance Principal Balances of the Class A-R Certificates will be calculated based upon its interest entitlement for related Mortgage Loans that Distribution Date. On each Distribution Date, the Subordinated Percentage of any Net Deferred Interest remaining after the allocation is allocated to the Subordinated Class 3-X Certificates as described above on such Distribution Date will be added as principal to the outstanding Component Principal Balance Balances of the 3-PO-1 Component and the 3-PO-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Class X P ComponentLoan Group.

Allocation of Net Deferred Interest. On each For any Distribution Date, the Net Deferred Interest for each Loan Group on the Mortgage Loans will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within among the Classes of Senior Certificates in any Senior Certificate Group(or, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each the Class of Senior LIBOR X Certificates, the PO Components) in proportion to the excess, if any, for each such Class of (i) the amount of interest that Monthly Interest Distributable Amount accrued on such Class of Certificates at its respective the Pass-Through Rate during the Interest Accrual Period related to that Distribution Datefor such Class, over (ii) the amount of interest that accrues on the Monthly Interest Distributable Amount for such Class calculated at the related applicable Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage any amount of the Net Deferred InterestInterest allocable to a Class of Certificates (other than the Class X-1, if anyClass X-2, that Class X-3A, Class X-3B 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 Certificate Balance of the Class A-R X-1 Certificates will be calculated based upon its interest entitlement for that Distribution Date. On and each Distribution Date, the Subordinated Percentage any amount of any Net Deferred Interest remaining after the allocation added to the Subordinated Principal Balances of the related Mortgage Loans that is allocated to the Class X-1 Certificates on such Distribution Date will be added as described above principal to the outstanding Class Certificate Principal Balances of the Class PO-1 Certificates. 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 Class Certificate Principal Balances of the Class PO-2 Certificates. With respect to the Class X-3A 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-3A Certificates on such Distribution Date will be added as principal to the outstanding Class Certificate Principal Balances of the Class PO-3A Certificates. With respect to the Class X-3B 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-3B Certificates on such Distribution Date will be added as principal to the outstanding Class Certificate Principal Balances of the Class PO-3B Certificates. 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 Class X-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balance Balances of the PO-B1 Component, PO-B2 Component and the PO-B3 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Class X P ComponentLoan Group.

Allocation of Net Deferred Interest. On each For any Distribution Date, the Net Deferred Interest for each Loan Group on the Mortgage Loans will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within among the Classes of Senior Certificates in any Senior Certificate Group(or, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each the Class of Senior LIBOR X-1 and Class X-B Certificates, the related PO Components) in proportion to the excess, if any, for each such Class of (i) the amount of interest that Monthly Interest Distributable Amount accrued on such Class of Certificates at its respective the Pass-Through Rate during the Interest Accrual Period related to that Distribution Datefor such Class, over (ii) the amount of interest that accrues on the Monthly Interest Distributable Amount for such Class calculated at the related applicable Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage any amount of the Net Deferred Interest allocable to a Class of Certificates (other than the Interest, if any, that -Only Certificates) on such Distribution Date will be added as principal to the outstanding Class Principal Balance of such Class of Certificates. With respect to the Class Certificate Balance of the Class A-R X-1 Certificates will be calculated based upon its interest entitlement for that Distribution Date. On and each Distribution Date, the Subordinated Percentage any amount of any Net Deferred Interest remaining after the allocation added to the Subordinated Principal Balances of the related Mortgage Loans that is allocated to the Class X-1 Certificates as described above on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1A1, PO-1A2 and PO-2A 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-3A 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-3A Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balance of the Class PO-3A Certificates. 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 Class X P ComponentX-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-B1A1, PO-B1A2, PO-B2 and PO-B3 Components, as applicable, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Net Deferred Interest. On each For any Distribution Date, the Net Deferred Interest for each Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocatedallocated among the Class A-1, in the aggregate, to the Senior Certificates in the related Senior Certificate Group Class A-2-A and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within the Classes of Senior Certificates in any Senior Certificate Group, on each Distribution DateClass A-3 Underlying Interests, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to Class A-2-B Certificates and each Class of Senior LIBOR Class M Certificates and, after the Class A-1, Class A-2-A and Class A-3 Swap Agreement Termination Dates, the Class A-1, Class A-2-A and Class A-3 Certificates, in an amount equal to the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates or Underlying Interest at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date, Date over (ii) the amount of interest that accrues accrued on such Class of Certificates at the related its respective Adjusted Cap Rate for during the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that Underlying Interests will be added to the Class Certificate Principal Balance of each class that Class of Subordinated Certificates will be equal to the excess, if any, of or Underlying Interests; provided that (i) for so long as the amount of interest that accrued on such class of certificates at its respective pass through rate during Class A-1 Swap Agreement is in effect, the interest accrual period related Net Deferred Interest allocable to that Distribution Datethe Class A-1 Certificates will not be added to the Certificate Principal Balance thereof but will instead increase the Class A-1 Swap Principal Amount, over (ii) for so long as the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution DateClass A-2-A Swap Agreement is in effect, the Senior Percentage of the Net Deferred InterestInterest allocable to the Class A-2-A Certificates will not be added to the Certificate Principal Balance thereof but will instead increase the Class A-2-A Swap Principal Amount and (iii) for so long as the Class A-3 Swap Agreement is in effect, if anythe Net Deferred Interest allocable to the Class A-3 Certificates will not be added to the Certificate Principal Balance thereof but will instead increase the Class A-3 Swap Principal Amount. For federal income tax purposes, that any such Net Deferred Interest will be added to the Class Certificate Balance of the Class A-R Certificates will be calculated based upon its interest entitlement for that Distribution Date. On each Distribution Date, the Subordinated Percentage of any Net Deferred Interest remaining after the allocation to the Subordinated Certificates as described above will be added as principal to the outstanding Component Principal Balance of the related Class X P ComponentUnderlying Interests and not to any Swap Principal Amount.

Allocation of Net Deferred Interest. On each For any Distribution Date, the Net Deferred Interest for each Loan Group on the Mortgage Loans will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within among the Classes of Senior Certificates in any Senior Certificate Group(or, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each the Class of Senior LIBOR X-B Certificates, the related PO Components) in proportion to the excess, if any, for each such Class of (i) the amount of interest that Monthly Interest Distributable Amount accrued on such Class of Certificates at its respective the Pass-Through Rate during the Interest Accrual Period related to that Distribution Datefor such Class, over (ii) the amount of interest that accrues on the Monthly Interest Distributable Amount for such Class calculated at the related applicable Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage any amount of the Net Deferred Interest allocable to a Class of Certificates (other than the Interest, if any, that -Only Certificates) on such Distribution Date will be added as principal to the outstanding Class Principal Balance of such Class of Certificates. With respect to the Class Certificate 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-1 Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balance of the Class A-R Certificates will be calculated PO-1 Certificates, based upon its interest entitlement for that Distribution Datethe amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group. On With respect to the Class X-2 Certificates and each Distribution Date, the Subordinated Percentage any amount of any Net Deferred Interest remaining after the allocation added to the Subordinated Principal Balances of the related Mortgage Loans that is allocated to the Class X-2 Certificates on such Distribution Date will be added as described above principal to the outstanding Class Principal Balance of the Class PO-2 Certificates. 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 Class X-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balance Balances of the PO-B1 and PO-B2 Components, as applicable, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Class X P ComponentLoan Group.

Allocation of Net Deferred Interest. On each For any Distribution Date, the Net Deferred Interest for each Loan Group on the Mortgage Loans will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within among the Classes of Senior Certificates in any Senior Certificate Group, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated proportion to any such Class, will be equal to (a) with respect to each Class of Senior LIBOR Certificates, the excess, if any, for each such Class of (i) the amount of interest that Monthly Interest Distributable Amount accrued on such Class of Certificates at its respective the Pass-Through Rate during the Interest Accrual Period related to that Distribution Datefor such Class, over (ii) the amount of interest that accrues on the Monthly Interest Distributable Amount for such Class calculated at the related applicable Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage any amount of the Net Deferred InterestInterest allocable to a Class of Certificates (other than the Class X-1, if anyClass X-2A, that Class X-2B 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 Certificate Balance of the Class A-R X-1 Certificates will be calculated based upon its interest entitlement for that Distribution Date. On and each Distribution Date, the Subordinated Percentage any amount of any Net Deferred Interest remaining after the allocation added to the Subordinated Principal Balances of the related Mortgage Loans that is allocated to the Class X-1 Certificates on such Distribution Date will be added as described above principal to the outstanding Class Certificate Principal Balances of the Class PO-1 Certificates. With respect to the Class X-2A 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-2A Certificates on such Distribution Date will be added as principal to the outstanding Class Certificate Principal Balances of the Class PO-2A Certificates. With respect to the Class X-2B 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-2B Certificates on such Distribution Date will be added as principal to the outstanding Class Certificate Principal Balances of the Class PO-2B Certificates. 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 Class X-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balance Balances of the PO-B-1 Component and the PO-B-2 Component based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Class X P ComponentLoan Group.

Allocation of Net Deferred Interest. On each For any Distribution Date, the Net Deferred Interest for each Loan Group on the Mortgage Loans will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within among the Classes of Senior Certificates in any Senior Certificate Group(or, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each the Class of Senior LIBOR X Certificates, the PO Components) in proportion to the excess, if any, for each such Class of (i) the amount of interest that Monthly Interest Distributable Amount accrued on such Class of Certificates at its respective the Pass-Through Rate during the Interest Accrual Period related to that Distribution Datefor such Class, over (ii) the amount of interest that accrues on the Monthly Interest Distributable Amount for such Class calculated at the related applicable Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage any amount of the Net Deferred Interest allocable to a Class of Certificates (other than the Interest, if any, that -Only Certificates) on such Distribution Date will be added as principal to the outstanding Class Principal Balance of such Class of Certificates. With respect to the Class Certificate Balance of the Class A-R X-1 Certificates will be calculated based upon its interest entitlement for that Distribution Date. On and each Distribution Date, the Subordinated Percentage any amount of any Net Deferred Interest remaining after the allocation added to the Subordinated Principal Balances of the related Mortgage Loans that is allocated to the Class X-1 Certificates on such Distribution Date will be added as described above principal to the outstanding Class Principal Balances of the Class PO-1 Certificates. 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 Class Principal Balances of the Class PO-2 Certificates. With respect to the 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 Class X-3 Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balances of the Class PO-3 Certificates. With respect to the Class X-4 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-4 Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balances of the Class PO-4 Certificates. 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 Class X-B Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balance Balances of the PO-1 Component, the PO-2 Component, PO-3 Component and the PO-4 Component, as applicable, based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Class X P ComponentLoan Group.

Allocation of Net Deferred Interest. On each To the extent that there is Net Deferred Interest for a Loan Group on a Distribution Date, the Net Deferred Interest for each (x) with respect to the Mortgage Loans in a Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, pro rata to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within the Classes of Senior Certificates in any (other than the Notional Amount Certificates) (based on the respective Class Certificate Balances relative to the sum of the aggregate Class Certificate Balance of the related Senior Certificate Group, Certificates (other than the Notional Amount Certificates) immediately prior to the related Distribution Date and the Classes of Subordinated Certificates (based on each their Apportioned Principal Balance relative to the related Group Subordinate Amount for that Loan Group immediately prior to the related Distribution Date, the Senior Percentage ) in reduction of the amount of interest otherwise distributable to those Classes of Certificates. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest accrued on that Class for that Distribution Date (or on the related Loan GroupApportioned Principal Balance in the case of the Subordinated Certificates), if any, the amount of that excess will be allocated to any such Classthe Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be equal to allocated among the related Classes of Certificates (a) with respect to each Class other than the Notional Amount Certificates), in proportion to, and up to, the amount of Senior LIBOR any remaining interest otherwise distributable on the Certificates or, in the case of the Subordinated Certificates, the excess, if any, related Apportioned Principal Balance. The interest due on the Class 1-AX and Class 2-AX Certificates will not be limited due to any allocations of (i) the amount of interest that accrued on such Class of Certificates at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date, over (ii) the amount of interest that accrues on such Class at the related Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage of the Net Deferred Interest, if any, that will be added to the Class Certificate Balance of the applicable Class A-R Certificates will be calculated based upon its interest entitlement for that Distribution Dateof Certificates. On each Distribution DateAs long as no default exists under the related Cap Agreement, the Subordinated Percentage Cap Counterparty will pay to the Grantor Trustee, and the Grantor Trustee will distribute to the related Class of any Grantor Trust Certificates, the amount of Net Deferred Interest remaining after the allocation allocated to the Subordinated Certificates as described above will be added as principal to the outstanding Component Principal Balance of the related Class X P Componentof Underlying Certificates.

Allocation of Net Deferred Interest. On each Distribution Date, the Net Deferred Interest for each Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the 66 aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within the Classes of Senior Certificates in any Senior Certificate Group, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each Class of Senior LIBOR Certificates, the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date, over (ii) the amount of interest that accrues on such Class at the related Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Senior Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred InterestInterest for each Loan Group, if any, for a Loan Group or Subgroup that will be added allocated to the each Class Certificate Balance of each class of Subordinated Certificates other than the Class M-X Certificates will be equal to based upon the product of (x) the excess, if any, of (i) the amount Pass-Through Rate for such Class of interest that accrued on Certificates for such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, Date over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each such Distribution Date, and (y) a fraction, the Senior Percentage numerator of which is equal to the Subordinated Portion for such Loan Group for such Distribution Date, and the denominator of which is equal to the aggregate Subordinated Portion for all of the Net Deferred Interest, if any, that will be added to the Class Certificate Balance of the Class A-R Certificates will be calculated based upon its interest entitlement Loan Groups for that such Distribution Date. On each Distribution Date, the Subordinated Percentage of any Net Deferred Interest remaining after the allocation to the Subordinated Certificates (other than the Class M-X Certificates) as described above will be allocated to the Class M-X Certificates. Any Net Deferred Interest allocated to a Class of Subordinated LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class M-X Certificates shall be added as principal to the outstanding Component Principal Balance of the related Class M-X P Component.

Allocation of Net Deferred Interest. On each Distribution Date, the Net Deferred Interest for each on the Mortgage Loans in a Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within the Classes of Senior Certificates in any Senior Certificate Group, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated added to the Class Certificate Balance or Component Principal Balance, as the case may be, of any such Class, will be equal to (a) with respect to each Class of Senior LIBOR Certificates, the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date, over (ii) the amount of interest that accrues on such Class at the related Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Fixed Strip Certificates, the excess, if any, of (i) the amount of interest that accrued on such Class at a rate equal to the product of (A) its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date and (B) a fraction, the numerator of which is the Component Notional Amount of the Class X IO Component of such Class of Class X Fixed Strip Certificates immediately prior to the related Distribution Date, and the denominator of which is the aggregate Class Certificate Balance of the related Senior LIBOR Certificates immediately prior to the related Distribution Date, over (ii) the amount of interest that accrued on such Class at the excess, if any, of (A) the related Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date over (B) the weighted average of the Pass-Through Rates of the related Senior LIBOR Certificates for the Interest Accrual Period related to that Distribution Date, (c) with respect to each class of Senior Class X Variable Strip Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after the allocation to the related Senior LIBOR Certificates and related Class X Fixed Strip Certificates, if any, pursuant to clause clauses (a) and (b) of this sentence, and (cd) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates pursuant to clause (b) or clause (c) of the immediately preceding sentence shall be added to the Component Principal Balance of the Principal and Interest Component or Principal Only Component, as the case may be, of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, Interest for a each Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage of the Net Deferred InterestGroup, if any, that will be added to the Class Certificate Balance of each Class of Subordinated Certificates other than the Class AM-R X Certificates will be calculated based upon its interest entitlement the product of (x) the excess, if any, of (i) the Pass-Through Rate for that such Class of Certificates for such Distribution Date over (ii) the Subordinated Adjusted Cap Rate for such Distribution Date, and (y) a fraction, the numerator of which is equal to the Subordinated Portion for such Loan Group for such Distribution Date, and the denominator of which is equal to the aggregate Subordinated Portion for all of the Loan Groups for such Distribution Date. On each Distribution Date, the Subordinated Percentage of any Net Deferred Interest remaining after the allocation to the Subordinated Certificates (other than the Class M-X Certificates) as described above will be added as principal to the outstanding Component Principal Balance of the related Class M-X P Component.

Allocation of Net Deferred Interest. On each To the extent that there is Net Deferred Interest on a Distribution Date, the Net Deferred Interest for each Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within the Classes of Senior Certificates in any Senior Certificate GroupCertificates, on each Distribution Date, the amount of the Senior Percentage of the Net Deferred Interest for the related Loan GroupInterest, if any, that will be allocated added to the Class Certificate Balance or Component Principal Balance, as the case may be, of any such Class, will be equal to (ai) with respect to each outstanding class of Class of Senior LIBOR A Certificates, the excess, if any, of (ix) the amount of interest that accrued on such Class of Certificates at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date, over (iiy) the amount of interest that accrues on such Class class at the related Adjusted Cap Rate (described below) for the Interest Accrual Period interest accrual period related to that Distribution Date, and (bii) with respect to each Class of the Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after the allocation to the related Senior LIBOR Class A Certificates pursuant to clause (ai) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage amount of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage of the Net Deferred Interest, if any, that will be added to the Class Certificate Balance or Component Principal Balance, as the case may be, of any such class, will be equal to (i) with respect to each outstanding class of Subordinated Certificates (other than the Class AM-R X Certificates), the excess, if any, of (x) the amount of interest that accrued on such Class of Certificates will be calculated based upon at its interest entitlement for respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date. On each , over (y) the amount of interest that accrues on such class at the Adjusted Cap Rate for the interest accrual period related to that Distribution Date, and (ii) with respect to the Class M-X Certificates, the Subordinated Percentage of any Net Deferred Interest remaining after the allocation to the other Classes of Subordinated Certificates as described above will be added as principal pursuant to the outstanding Component Principal Balance clause (i) of the related Class X P Componentthis sentence.