Common use of Allocation of Realized Losses and Additional Trust Fund Expenses Clause in Contracts

Allocation of Realized Losses and Additional Trust Fund Expenses. (a) On each Distribution Date, following all distributions to be made on such date pursuant to Section 4.01, the Paying Agent shall allocate to the respective Classes of Sequential Pay Certificates as follows the aggregate of all Realized Losses and Additional 139 Trust Fund Expenses that were incurred at any time following the Cut-off Date through the end of the related Collection Period, and in any event that were not previously allocated pursuant to this Section 4.04(a) on any prior Distribution Date, but only to the extent that (i) the aggregate Certificate Principal Balance of the Sequential Pay Certificates as of such Distribution Date (after taking into account all of the distributions made on such Distribution Date pursuant to Section 4.01), exceeds (ii) the aggregate Stated Principal Balance of the Mortgage Pool that will be outstanding immediately following such Distribution Date: first, to the Class H Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; second, to the Class G Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; third, to the Class F Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; fourth, to the Class E Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; fifth, to the Class D Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; sixth, to the Class C Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; seventh, to the Class B Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; eighth pro rata (based on remaining Class Principal Balances) to the Class A-1 Certificates and the Class A-2 Certificates, until the Class Principal Balances thereof are reduced to zero. Any allocation of Realized Losses and Additional Trust Fund Expenses to a Class of Regular Certificates shall be made by reducing the Class Principal Balance thereof by the amount so allocated. All Realized Losses and Additional Trust Fund Expenses, if any, allocated to a Class of Regular Certificates shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced thereby. All Realized Losses and Additional Trust Fund Expenses, if any, that have not been allocated to the Regular Certificates as of the Distribution Date on which the aggregate Certificate Principal Balance of such Certificates has been reduced to zero, shall be deemed allocated to the Residual Certificates. (b) From the Closing Date until immediately prior to the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any Class of Sequential Pay Certificates shall be deemed to have first been allocated to the Corresponding REMIC II Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC II Regular Interest. On and after the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any Class of Sequential Pay Certificates shall be deemed to have first been allocated to the Corresponding REMIC III P&I Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC III P&I Regular Interest. On and after the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any REMIC III P&I Regular Interest shall be deemed to have first been allocated to the Corresponding REMIC II Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC II Regular Interest. (c) On each Distribution Date, following the deemed distributions to be made in respect of the REMIC I Regular Interests pursuant to Section 4.01(i), the Uncertified Principal Balance of each REMIC I Regular Interest (after taking account of such deemed distributions) shall be reduced to equal the Stated Principal Balance of the related Mortgage 140 Loan or REO Loan, as the case may be, that will be outstanding immediately following such Distribution Date. Such reductions shall be deemed to be an allocation of Realized Losses and Additional Trust Fund Expenses.

Allocation of Realized Losses and Additional Trust Fund Expenses. (a) On each Distribution Date, following all the distributions to be made to the Certificateholders on such date pursuant to Section 4.014.01(b), the Paying Agent Trustee shall allocate to determine the respective Classes of Sequential Pay Certificates as follows the aggregate of all Realized Losses and Additional 139 Trust Fund Expenses that were incurred at any time following the Cut-off Date through the end of the related Collection Periodamount, and in any event that were not previously allocated pursuant to this Section 4.04(a) on any prior Distribution Dateif any, but only to the extent that by which (i) the then aggregate Certificate Principal Balance of the Sequential Pay Certificates as of such Distribution Date (after taking into account all of the distributions made on such Distribution Date pursuant to Section 4.01)Certificates, exceeds (ii) the aggregate Stated Principal Balance of the Mortgage Pool that will be outstanding immediately following such Distribution Date: first. If such excess does exist, to the Class H Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; second, to the Class G Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; third, to the Class F Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; fourth, to the Class E Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; fifth, to the Class D Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; sixth, to the Class C Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; seventh, to the Class B Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; eighth pro rata (based on remaining Class Principal Balances) to the Class A-1 Certificates and the Class A-2 Certificates, until then the Class Principal Balances thereof are reduced to zero. Any allocation of Realized Losses the Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Additional Trust Fund Expenses to a Class of Regular B Certificates shall be made by reducing reduced sequentially, in that order in each case, until such excess or the related Class Principal Balance is reduced to zero (whichever occurs first). If, after the foregoing reductions, the amount described in clause (i) of the second preceding sentence still exceeds the amount described in clause (ii) of the second preceding sentence, then the respective Class Principal Balances of the Class A Certificates shall be reduced, pro rata in accordance with the relative sizes of the then outstanding Class Principal Balances of such Classes of Certificates, until such excess or each such Class Principal Balance is reduced to zero (whichever occurs first). Such reductions in the Class Principal Balance thereof by Balances of the amount so allocated. All respective Classes of the Sequential Pay Certificates shall be deemed to be allocations of Realized Losses and Additional Trust Fund Expenses, if any, allocated to a Class of Regular Certificates shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced thereby. All Realized Losses and Additional Trust Fund Expenses, if any, that have extent not been allocated covered by reductions in distributions of interest pursuant to the Regular Certificates as of the Distribution Date on which the aggregate Certificate Principal Balance of such Certificates has been reduced to zero, shall be deemed allocated to the Residual Certificatesallocations set forth in Section 4.01(b). (b) From the Closing Date until immediately prior With respect to any Distribution Date, (i) any Realized Losses allocated to the Transition DateClass A-1 and Class A-2 Certificates pursuant to Section 4.04(a) with respect to such Distribution Date shall reduce the Uncertificated Principal Balances of the Class UA-1 and Class UA-2 Uncertificated Interests as a write-off and shall be allocated pro rata between such REMIC IIU Regular Interests; (ii) any Realized Losses allocated to the Class UA-1, each and Class UA-2 Uncertificated Interests pursuant to clause (i) with respect to such Distribution Date shall reduce the Uncertificated Principal Balances of the Class MA-1 and Class MA-2 Uncertificated Interests as a write-off and shall be allocated pro rata between such Uncertificated Interests in accordance with their Uncertificated Principal Balances; (iii) any Realized Loss Losses allocated to the Class B, Class C, Class D, Class E, Class F and Class G Certificates pursuant to Section 4.04(a) with respect to such Distribution Date shall reduce the Uncertificated Principal Balances of the Class MB, Class MC, Class MD, Class ME, Class MF and Class MG Uncertificated Interests, respectively, as a write-off; (iv) any Realized Losses or Additional Trust Fund Expense, if any, Expenses allocated pursuant to any Class of Sequential Pay Certificates Section 4.04(a) with respect to such Distribution Date shall be deemed to have first been allocated to reduce the Corresponding REMIC II Regular Interest with a corresponding reduction in the REMIC Uncertificated Principal Balance of such Corresponding REMIC II Regular Interest. On and after the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any Class of Sequential Pay Certificates shall be deemed to have first been allocated to the Corresponding REMIC III P&I Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC III P&I Regular Interest. On and after the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any REMIC III P&I Regular Interest shall be deemed to have first been allocated to the Corresponding REMIC II Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC II Regular Interest. (c) On each Distribution Date, following the deemed distributions to be made in respect Balances of the REMIC I Regular Interests as a write-off and shall be allocated among the Class XX-0, Xxxxx XX-0, Class LB, Class LC, Class LD, Class LE, Class LF, Class LG, Class LH, Class LJ, Class LK, Class LL, Class LM, Class LN, Class LO and Class LP Uncertificated Interests in the same priority as its Class of Corresponding REMIC II Uncertificated Regular Interests pursuant to Clauses (ii) and (iii) or Class of Corresponding Certificates pursuant to Section 4.01(i4.04(a), the Uncertified Principal Balance of each REMIC I Regular Interest (after taking account of such deemed distributions) shall be reduced to equal the Stated Principal Balance of the related Mortgage 140 Loan or REO Loan, as the case may be, that will be outstanding immediately following such Distribution Date. Such reductions shall be deemed to be an allocation of Realized Losses and Additional Trust Fund Expenses.

Allocation of Realized Losses and Additional Trust Fund Expenses. (a) On each Distribution Date, following all the distributions to Certificateholders to be made on such date pursuant to Section 4.01Sections 4.01(a) and 4.01(b), the Paying Agent Trustee shall allocate to determine the respective Classes of Sequential Pay Certificates as follows the aggregate of all Realized Losses and Additional 139 Trust Fund Expenses that were incurred at any time following the Cut-off Date through the end of the related Collection Periodamount, and in any event that were not previously allocated pursuant to this Section 4.04(a) on any prior Distribution Dateif any, but only to the extent that by which (i) the then aggregate Certificate of the Class Principal Balances of all the Classes of Principal Balance of the Sequential Pay Certificates as of such Distribution Date (after taking into account all of the distributions made on such Distribution Date pursuant to Section 4.01)Certificates, exceeds (ii) the aggregate Stated Principal Balance of the Mortgage Pool that will be outstanding immediately following such Distribution Date: first. If such excess does exist, to then the Class H CertificatesPrincipal Balances of the Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates shall be reduced sequentially, in that order, until the remaining such excess is reduced to zero; provided that, no such Class of Certificates shall have its Class Principal Balance thereof reduced unless and until the Class Principal Balance of each other Class of Certificates, if any, listed in front of it has been reduced to zero; secondand provided, to further, that if after the foregoing reductions, the amount described in clause (i) of the preceding sentence still exceeds the amount described in clause (ii) of such sentence, then the respective Class Principal Balances of the Class G CertificatesA-1, Class A-2 and Class A-3 Certificates shall be reduced on a pro rata basis in accordance with the relative sizes of such Class Principal Balances, until the any such remaining Class Principal Balance thereof has been excess is reduced to zero; third, to the Class F Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; fourth, to the Class E Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; fifth, to the Class D Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; sixth, to the Class C Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; seventh, to the Class B Certificates, until the remaining Class Principal Balance thereof has been reduced to zero; eighth pro rata (based on remaining Class Principal Balances) to the Class A-1 Certificates and the Class A-2 Certificates, until . All such reductions in the Class Principal Balances thereof are reduced to zero. Any allocation of the respective Classes of the Principal Balance Certificates shall constitute allocations of Realized Losses and Additional Trust Fund Expenses Expenses. (b) On each Distribution Date, following the deemed distributions to a Class be made in respect of the REMIC II Regular Certificates Interests on such date pursuant to Section 4.01(k), the Trustee shall determine the amount, if any, by which (i) the then aggregate Uncertificated Principal Balance of the REMIC II Regular Interests, exceeds (ii) the aggregate Stated Principal Balance of the Mortgage Pool that will be outstanding immediately following such Distribution Date. If such excess does exist, then the Uncertificated Principal Balances of REMIC II Regular Interest O, REMIC II Regular Interest N, REMIC II Regular Interest M, REMIC II Regular Interest L, REMIC II Regular Interest K, REMIC II Regular Interest J, REMIC II Regular Interest H, REMIC II Regular Interest G, REMIC II Regular Interest F, REMIC II Regular Interest E, REMIC II Regular Interest D, REMIC II Regular Interest C and REMIC II Regular Interest B, shall be made by reducing the Class reduced sequentially, in that order, until such excess is reduced to zero; provided that, no such REMIC II Regular Interest shall have its Uncertificated Principal Balance thereof by reduced unless and until the Uncertificated Principal Balance of each other REMIC II Regular Interest, if any, listed in front of it has been reduced to zero; and provided, further, that if after the foregoing reductions, the amount so allocateddescribed in clause (i) of the preceding sentence still exceeds the amount described in clause (ii) of such sentence, then the respective Uncertificated Principal Balances of (A) REMIC II Regular Interest A-1, (B) REMIC II Regular Interest A-2 and (C) REMIC II Regular Interest A-3-1 and REMIC II Regular Interest A-3-2, as a collective matter in the order described in the next sentence, shall be reduced on a pro rata basis in accordance with the relative sizes of such Uncertificated Principal Balances, until any such remaining excess is reduced to zero. Any reductions in the Uncertificated Principal Balances of REMIC II Regular Interest A-3-1 and REMIC II Regular Interest A-3-2 pursuant to the prior sentence shall be made: first, to the Uncertificated Principal Balance of REMIC II Regular Interest A-3-1, until such Uncertificated Principal Balance is reduced to zero; and second, to the Uncertificated Principal Balance of REMIC II Regular Interest A-3-2. All such reductions in the Uncertificated Principal Balances of the respective REMIC II Regular Interests shall be deemed to constitute allocations of Realized Losses and Additional Trust Fund Expenses, if any, allocated to a Class of Regular Certificates shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced thereby. All Realized Losses and Additional Trust Fund Expenses, if any, that have not been allocated to the Regular Certificates as of the Distribution Date on which the aggregate Certificate Principal Balance of such Certificates has been reduced to zero, shall be deemed allocated to the Residual Certificates. (b) From the Closing Date until immediately prior to the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any Class of Sequential Pay Certificates shall be deemed to have first been allocated to the Corresponding REMIC II Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC II Regular Interest. On and after the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any Class of Sequential Pay Certificates shall be deemed to have first been allocated to the Corresponding REMIC III P&I Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC III P&I Regular Interest. On and after the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any REMIC III P&I Regular Interest shall be deemed to have first been allocated to the Corresponding REMIC II Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC II Regular Interest. (c) On each Distribution Date, following the deemed distributions to be made in respect of the REMIC I Regular Interests pursuant to Section 4.01(i4.01(l), the Uncertified Uncertificated Principal Balance of each REMIC I Regular Interest (after taking account of such deemed distributions) shall be reduced to the extent necessary to equal the Stated Principal Balance of the related Mortgage 140 Loan or REO Mortgage Loan, as the case may be (or, if applicable in cases involving the substitution of multiple Replacement Mortgage Loans, the aggregate Stated Principal Balance of each and every related Mortgage Loan and/or REO Mortgage Loan, as the case may be), that will be outstanding immediately following such Distribution Date. Such All such reductions in the Uncertificated Principal Balances of the respective REMIC I Regular Interests shall be deemed to be an allocation constitute allocations of Realized Losses and Additional Trust Fund Expenses.

Allocation of Realized Losses and Additional Trust Fund Expenses. (a) On each Distribution Date, following all the distributions to Certificateholders to be made on such date pursuant to Section SECTIONS 4.01, the Paying Agent Trustee shall allocate to determine the respective Classes of Sequential Pay Certificates as follows the aggregate of all Realized Losses and Additional 139 Trust Fund Expenses that were incurred at any time following the Cut-off Date through the end of the related Collection Periodamount, and in any event that were not previously allocated pursuant to this Section 4.04(a) on any prior Distribution Dateif any, but only to the extent that by which (i) the then aggregate Certificate of the Class Principal Balances of all the Classes of Principal Balance of the Sequential Pay Certificates as of such Distribution Date (after taking into account all of the distributions made on such Distribution Date pursuant to Section 4.01)Certificates, exceeds (ii) the aggregate Stated Principal Balance of the Mortgage Pool that will be outstanding immediately following such Distribution Date. If such excess does exist, then the respective Class Principal Balances of the Principal Balance Certificates will be reduced sequentially, in the following order, until such excess is reduced to zero: firstFIRST, the Class Principal Balance of the Class O Certificates, until such Class Principal Balance is reduced to zero; SECOND, the Class Principal Balance of the Class N Certificates, until such Class Principal Balance is reduced to zero; THIRD, the Class Principal Balance of the Class M Certificates, until such Class Principal Balance is reduced to zero; FOURTH, the Class Principal Balance of the Class L Certificates, until such Class Principal Balance is reduced to zero; FIFTH, the Class Principal Balance of the Class K Certificates, until such Class Principal Balance is reduced to zero; SIXTH, the Class Principal Balance of the Class J Certificates, until such Class Principal Balance is reduced to zero; SEVENTH, the Class Principal Balance of the Class H Certificates, until the remaining such Class Principal Balance thereof has been is reduced to zero; secondEIGHTH, to the Class Principal Balance of the Class G Certificates, until the remaining such Class Principal Balance thereof has been is reduced to zero; thirdNINTH, to the Class Principal Balance of the Class F Certificates, until the remaining such Class Principal Balance thereof has been is reduced to zero; fourthTENTH, to the Class Principal Balance of the Class E Certificates, until the remaining such Class Principal Balance thereof has been is reduced to zero; fifthELEVENTH, to the Class Principal Balance of the Class D Certificates, until the remaining such Class Principal Balance thereof has been is reduced to zero; sixthTWELFTH, to the respective Class Principal Balances of the Class C CertificatesC-1 Certificates and Class C-2 Certificates (on a PRO RATA basis in accordance with the relative sizes of such Class Principal Balances then outstanding), until the remaining such Class Principal Balance thereof has been Balances are reduced to zero; seventhTHIRTEENTH, to the Class Principal Balance of the Class B Certificates, until the remaining such Class Principal Balance thereof has been is reduced to zero; eighth pro rata (based on remaining and FOURTEENTH, the respective Class Principal Balances) to Balances of the Class A-1 Certificates, the Class A-2 Certificates and the Class A-2 CertificatesA-3 Certificates (on a PRO RATA basis in accordance with the relative sizes of such Class Principal Balances), until the such Class Principal Balances thereof are reduced to zero. Any allocation All such reductions in the Class Principal Balances of the respective Classes of the Principal Balance Certificates shall constitute allocations of Realized Losses and Additional Trust Fund Expenses to a Class of Regular Certificates shall be made by reducing the Class Principal Balance thereof by the amount so allocated. All Realized Losses and Additional Trust Fund Expenses, if any, allocated to a Class of Regular Certificates shall be allocated among the respective Certificates of such Class in proportion to the Percentage Interests evidenced thereby. All Realized Losses and Additional Trust Fund Expenses, if any, that have not been allocated to the Regular Certificates as of the Distribution Date on which the aggregate Certificate Principal Balance of such Certificates has been reduced to zero, shall be deemed allocated to the Residual Certificates. (b) From the Closing Date until immediately prior to the Transition On each Distribution Date, the Uncertificated Principal Balance of each Realized Loss and Additional Trust Fund Expense, if any, allocated REMIC II Regular Interest shall be deemed to have been reduced in the same amount as any reduction in the Class Principal Balance of the Corresponding Class of Sequential Pay Principal Balance Certificates for such REMIC II Regular Interest that occurred on such Distribution Date pursuant to SECTION 4.04(a); PROVIDED that any reduction in the Class Principal Balance of the Class A-3 Certificates shall be deemed to have first been allocated to applied in reduction of the Corresponding Uncertificated Principal Balance of REMIC II Regular Interest with a corresponding A-3-1 and, once such Uncertificated Principal Balance is reduced to zero, then in reduction in of the REMIC Uncertificated Principal Balance of such Corresponding REMIC II Regular InterestInterest A-3-2. On and after All such reductions in the Transition Date, each Uncertificated Principal Balances of the respective REMIC II Regular Interests shall be deemed to constitute allocations of Realized Loss Losses and Additional Trust Fund Expense, if any, allocated to any Class of Sequential Pay Certificates shall be deemed to have first been allocated to the Corresponding REMIC III P&I Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC III P&I Regular Interest. On and after the Transition Date, each Realized Loss and Additional Trust Fund Expense, if any, allocated to any REMIC III P&I Regular Interest shall be deemed to have first been allocated to the Corresponding REMIC II Regular Interest with a corresponding reduction in the REMIC Principal Balance of such Corresponding REMIC II Regular InterestExpenses. (c) On each Distribution Date, following the deemed distributions to be made in respect of the REMIC I Regular Interests pursuant to Section 4.01(iSECTION 4.01(l), the Uncertified Uncertificated Principal Balance of each Group PB REMIC I Regular Interest (after taking account of such deemed distributions) shall be reduced to the extent necessary to equal the Stated Principal Balance of the related Mortgage 140 Loan or REO Loan, as the case may be (or, if applicable in cases involving the substitution of multiple Replacement Mortgage Loans, the aggregate Stated Principal Balance of each and every related Mortgage Loan and/or REO Loan, as the case may be), that will be outstanding immediately following such Distribution Date. Such All such reductions in the Uncertificated Principal Balances of the respective Group PB REMIC I Regular Interests shall be deemed to be an allocation constitute allocations of Realized Losses and Additional Trust Fund Expenses. (d) On each Distribution Date, following the deemed distributions to be made in respect of the Loan REMIC Regular Interest pursuant to SECTION 4.01(m), the Uncertificated Principal Balance of the Loan REMIC Regular Interest (after taking account of such deemed distributions) shall be reduced to the extent necessary (if at all) to equal the Stated Principal Balance of the 00 Xxxx Xxx Xxxxxx Mortgage Loan, any Replacement Mortgage Loan(s) substituted for the 00 Xxxx Xxx Xxxxxx Mortgage Loan and/or any successor REO Loan(s) with respect to the foregoing. All such reductions in the Uncertificated Principal Balance of the Loan REMIC Regular Interest shall be deemed to constitute allocations of Realized Losses and Additional Trust Fund Expenses.