Common use of ALLOCATION OF WRITEDOWN AMOUNTS Clause in Contracts

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date by the Trustee in the following manner and in the following order of prioritypriority all in accordance with the related Remittance Report: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (e) . Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 6 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero.; (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 8 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (dc) Finally, to the Class M-1 M Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (ed) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 B-1 and Class M-1 M Subaccounts pursuant to this Section 7 6 shall be allocated to the Class B-2, Class B-1, Class M-2 B-1 and Class M-1 M Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero.; (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (dc) Finally, to the Class M-1 M Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (ed) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 B-1 and Class M-1 M Subaccounts pursuant to this Section 7 shall be allocated to the Class B-2, Class B-1, Class M-2 B-1 and Class M-1 M Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero.; (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 9 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section Sections 5 and 6 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Certificates and to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Certificate Principal Balance of such Class and the Adjusted Subaccount Principal Balance of such Subaccount, respectively, until the Adjusted Subaccount Certificate Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Certificates and to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Certificate Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of and the Adjusted Subaccount Principal Balance of such Subaccount, respectively, until the Adjusted Subaccount Certificate Principal Balance has been reduced to zero; and (dc) Finally, to the Class M-1 A-6 Certificates and to the Class A-6 Subaccount, to be applied in reduction of the Adjusted Certificate Principal Balance of such Class and the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section Sections 5 and 6 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 B-___ Certificates and to the Class B-___ Subaccount, to be applied in reduction of the Adjusted Certificate Principal Balance of such Class and the Adjusted Subaccount Principal Balance of such Subaccount, respectively, until the Adjusted Subaccount Certificate Principal Balance has been reduced to zero; (b) Second, to the Class B-1 B-___ Certificates and to the Class B-___ Subaccount, to be applied in reduction of the Adjusted Subaccount Certificate Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of and the Adjusted Subaccount Principal Balance of such Subaccount, respectively, until the Adjusted Subaccount Certificate Principal Balance has been reduced to zero; and (dc) Finally, to the Class M-1 A-___ Certificates and to the Class A-___ Subaccount, to be applied in reduction of the Adjusted Certificate Principal Balance of such Class and the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.. S - 23 FORM OF POOLING & SERVICING AGREEMENT

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 6 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date by the Trustee in the following manner and in the following order of prioritypriority all in accordance with the related Remittance Report: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero;; and (c) ThirdFinally, to the Class M-2 M Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (e) . Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 B-1 and Class M-1 M Subaccounts pursuant to this Section 7 6 shall be allocated to the Class B-2, Class B-1, Class M-2 B-1 and Class M-1 M Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section 5 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; and (d) Finally, to the Class M-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (ed) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.

ALLOCATION OF WRITEDOWN AMOUNTS. On each Distribution Date, after all required distributions have been made on the Certificates pursuant to Section Sections 5 and 6 above, the Writedown Amount, if any, shall be allocated on such Distribution Date in the following manner and in the following order of priority: (a) First, to the Class B-2 Certificates and to the Class B-2 Subaccount, to be applied in reduction of the Adjusted Certificate Principal Balance of such Class and the Adjusted Subaccount Principal Balance of such Subaccount, respectively, until the Adjusted Subaccount Certificate Principal Balance has been reduced to zero; (b) Second, to the Class B-1 Certificates and to the Class B-1 Subaccount, to be applied in reduction of the Adjusted Subaccount Certificate Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero; (c) Third, to the Class M-2 Subaccount, to be applied in reduction of and the Adjusted Subaccount Principal Balance of such Subaccount, respectively, until the Adjusted Subaccount Certificate Principal Balance has been reduced to zero; and (dc) Finally, to the Class M-1 M Certificates and to the Class M Subaccount, to be applied in reduction of the Adjusted Certificate Principal Balance of such Class and the Adjusted Subaccount Principal Balance of such Subaccount, until the Adjusted Subaccount Principal Balance has been reduced to zero. (e) Writedown Amounts allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Subaccounts pursuant to this Section 7 shall be allocated to the Class B-2, Class B-1, Class M-2 and Class M-1 Certificates, respectively, until the Adjusted Certificate Principal Balance of each such Class has been reduced to zero.