Common use of Allocation of Net Deferred Interest Clause in Contracts

Allocation of Net Deferred Interest. To the extent that there is Net Deferred Interest on a Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the LIBOR Certificates, pro rata, according to the Class Certificate Balance of each such Class in reduction of the amount of interest otherwise distributable to that Class; provided, however, the amount of Net Deferred Interest allocated to any Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates.

Allocation of Net Deferred Interest. To the extent that there is Any Net Deferred Interest on a Distribution Date, the Net Deferred Interest on the Mortgage Loans Date for a Loan Group will be allocated among the to each related Class of LIBOR Certificates, pro rata, according to the based on their respective Class Certificate Balance Balances (or in the case of each such the Subordinated Certificates based on the related Allocable Portion of their respective Class Certificate Balances) in reduction of the amount of interest Current Interest otherwise distributable to that Class; provided, however, the amount of Net Deferred Interest allocated to any Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates. Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class Certificate Balance of the applicable Class of Certificates.

Allocation of Net Deferred Interest. To the extent that there is Any Net Deferred Interest on a Distribution Date, the Net Deferred Interest on the Mortgage Loans Date will be allocated among the LIBOR Certificates, pro rata, according to the Class Certificate Balance Current Interest (prior to the reduction for Net Deferred Interest) of each such Class in reduction of the amount of interest otherwise distributable to that Class; provided, however, the amount of Net Deferred Interest allocated to any Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates.

Allocation of Net Deferred Interest. To the extent that there is Any Net Deferred Interest on a Distribution Date, the Net Deferred Interest on the Mortgage Loans Date will be allocated among the on a Loan Group basis to each related Class of LIBOR Certificates, pro rata, according to the based on their respective Class Certificate Balance Balances (or in the case of each such the Subordinated Certificates based on the related Allocable Portion of their respective Class Certificate Balances) in reduction of the amount of interest Current Interest otherwise distributable to that Class; provided, however, the amount of Net Deferred Interest allocated to any Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates. Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class Certificate Balance of the applicable Class of Certificates.

Allocation of Net Deferred Interest. To the extent that there is Net Deferred Interest on a Distribution Date, the Net Deferred Interest on the Mortgage Loans in a Loan Group will be allocated among the LIBOR Certificates, pro rata, according to the Class Certificate Balance of each such Class in reduction of the amount of interest otherwise distributable to that Class; provided, however, the amount of Net Deferred Interest allocated to any Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates.

Allocation of Net Deferred Interest. To the extent that there is Any Net Deferred Interest on a Distribution Date, the Net Deferred Interest on the Mortgage Loans Date will be allocated among the to each Class of LIBOR Certificates, pro rata, according to the based on their respective Class Certificate Balance of each such Class Balances in reduction of the amount of interest Current Interest otherwise distributable to that Class; provided, however, the amount of Net Deferred Interest allocated to any Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates. Any Net Deferred Interest allocated to a Class of Certificates will be added to the Class Certificate Balance of the applicable Class of Certificates.

Allocation of Net Deferred Interest. To the extent that there is Net Deferred Interest on a On each Distribution Date, the Net Deferred Interest on the Mortgage Loans for a Loan Group will be allocated among the LIBOR Certificates, pro rata, according to each related Class of interest-bearing Certificates in an amount equal to the excess, if any, of (i) the interest accrued during the related Interest Accrual Period at the applicable Pass-Through Rate on the related Class Certificate Balance of each such Class in reduction of immediately prior to the applicable Distribution Date over (ii) the amount of interest otherwise distributable to that Class; provided, however, which such Class would have been entitled if the amount of Net Deferred Interest allocated Pass-Through Rate for such Class were equal to any the Adjusted Cap Rate for such Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that and Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest (prior to reduction for Net Deferred Interest) for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificatescertificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates.