Common use of Allocation of Realized Losses and Shortfalls Clause in Contracts

Allocation of Realized Losses and Shortfalls. (i) On each Distribution Date, Realized Losses realized during the prior calendar month shall be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse Order of Priority, in each case until the Class Principal Balance of each such Class has been reduced to zero. If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses otherwise allocable (A) to the Class 1A1 Certificates shall first be allocated to the Class 1A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 1A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (B) to the Class 2A1 and Class 2A2 Certificates shall first be allocated to the Class 2A3 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 2A1 and Class 2A2 Certificates, to reduce the Certificate Balance of such Classes until such Certificate Balances have been reduced to zero, (C) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (D) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero.

Allocation of Realized Losses and Shortfalls. (i) On each Distribution Date, Realized Losses and Special Losses (other than Excess Special Losses) realized during the prior calendar month shall be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse Order of Prioritynumerical order, in each case until the Class Principal Balance of each such Class has been reduced to zero. If the Class Principal Balances of the Short Reset Group Subordinate Certificates have been reduced to zero, further Realized Losses and Special Losses (other than Excess Special Losses) on the Short Reset Group Loans shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses (other than Excess Special Losses) occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero. If the Class Principal Balances of the Hybrid Group Subordinate Certificates have been reduced to zero, further Realized Losses and Special Losses (other than Excess Special Losses) on the Hybrid Group Loans shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses (other than Excess Special Losses) occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 1A1 2A1 Certificates shall first be allocated to the Class 1A2 2A2 and Class 2A3 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 1A1 2A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (B) to the Class 2A1 and Class 2A2 Certificates shall first be allocated to the Class 2A3 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 2A1 and Class 2A2 Certificates, to reduce the Certificate Balance of such Classes Class until such Certificate Balances have Balance has been reduced to zero, (C) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and zero, (D) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and (E) to the Class 5A1 Certificates shall first be allocated to the Class 5A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero.

Allocation of Realized Losses and Shortfalls. (i) On each Distribution Date, Realized Losses and Special Losses (other than Excess Special Losses) realized during the prior calendar month shall be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse Order of Prioritynumerical order, in each case until the Class Principal Balance of each such Class has been reduced to zero. If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses and Special Losses shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses occurred, based on the outstanding Class Principal Balances (or Component Principal Balance, as applicable) of such Senior CertificatesCertificates (or related Components), in each case until each such Class Principal Balance (or Component Principal Balance, as applicable) has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 1A1 Certificates shall first be allocated to the Class 1A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 1A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (BA) to the Class 2A1 and Class 2A2 Certificates shall first be allocated to the Class 2A3 2A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 2A1 and Class 2A2 Certificates, to reduce the Certificate Balance of such Classes Class until such Certificate Balances have Balance has been reduced to zero, (CB) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and zero, (DC) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (D) to the Class 5A1A Certificates shall first be allocated to the Class 5A2 Certificates (in respect of the Class 5A2A Component thereof), to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1A Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (E) to the Class 5A1B Certificates shall first be allocated to the Class 5A2 Certificates (in respect of the Class 5A2B Component thereof), to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1B Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (F) to the Class 6A1 Certificates shall first be allocated to the Class 6A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 6A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero.

Allocation of Realized Losses and Shortfalls. (i) On each Distribution Date, Realized Losses and Special Losses (other than Excess Special Losses) realized during the prior calendar month shall be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse Order of Prioritynumerical order, in each case until the Class Principal Balance of each such Class has been reduced to zero. If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses and Special Losses shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 1A1 Certificates shall first be allocated to the Class 1A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 1A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (BA) to the Class 2A1 and Class 2A2 Certificates shall first be allocated to the Class 2A3 2A2 Certificates, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 2A1 and Class 2A2 Certificates, to reduce the Certificate Balance of such Classes Class until such Certificate Balances have Balance has been reduced to zero, (CB) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and zero, (DC) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (D) to the Class 5A1 Certificates shall first be allocated to the Class 5A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (E) to the Class 6A1 Certificates shall first be allocated to the Class 6A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 6A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero.

Allocation of Realized Losses and Shortfalls. (ia) On each Distribution Date, Realized Losses realized during the prior calendar month shall be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse Order of Prioritynumerical order, in each case until the Class Principal Balance of each such Class has been reduced to zero. If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, further Realized Losses shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses occurred, based on the outstanding Class Principal Balances (or Component Principal Balances, as applicable) of such Senior CertificatesCertificates (or related Components), in each case until each such Class Principal Balance (or Component Principal Balance, as applicable) has been reduced to zero; provided, however, that Realized Losses otherwise allocable (A) to the Class 1A1 1A-1 Certificates shall first be allocated to the Class 1A2 Certificates1A-2 Component, to reduce the Certificate Component Principal Balance of each such Class Component until such Certificate Component Principal Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 1A1 1A-1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, (B) to the Class 2A1 and Class 2A2 2A-1 Certificates shall first be allocated to the Class 2A3 2A-2 Component, to reduce the Component Principal Balance of each such Component until such Component Principal Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 2A-1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such . Whenever Realized Losses are required to be allocated to a Class of Certificates, the Realized Loss shall be allocated to the Class 2A1 and Class 2A2 Certificates, to reduce the Certificate Balance of such Classes until such Certificate Balances have been reduced to zero, (C) to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zeroof the related Loan Group or Loan Groups, and thereafter such Realized Losses shall be allocated to as the Class 3A1 Certificatescase may be, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (D) to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zerobased on their respective outstanding principal amounts.