Common use of Allocation of Realized Losses Clause in Contracts

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M M-1 Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each any other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the a Group of Subordinated Certificates, the related Class of Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated CertificatesCertificates in that Loan Group. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Junior Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Junior Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designationClass desgination, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class 1-M and Class 2-M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other related Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized LossesLosses with respect to each Loan Group, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:.

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M M-A Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee Certificate Administrator shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes Among the Classes of allocating losses to the Subordinated Certificates, the Class M-X Certificates have higher payment priorities that the other classes of Subordinated Certificates and the Class M Certificates will be deemed to have a lower higher payment priorities than the Class B Certificates. Within the Class B Certificates, the payment priorities are in numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificatesorder. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, Losses with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the related Class M Certificates will be deemed to have a lower numerical class Class designation, and to be of a higher relative payment priority, than each other Class of Subordinated CertificatesCertificates with respect to the related Aggregate Loan Group. Realized Losses with respect to any Distribution Date shall be allocated as follows:

Allocation of Realized Losses. (a) On or prior to each Determination Date, the Trustee shall determine the total amount of Realized Losses, including Excess Losses, with respect to the related Distribution Date. For purposes of allocating losses to the Subordinated Certificates, the Class M Certificates will be deemed to have a lower numerical class designation, and to be of a higher relative payment priority, than each other Class of Subordinated Certificates. Realized Losses with respect to any Distribution Date shall be allocated as follows: