Common use of Application of Applied Realized Loss Amounts Clause in Contracts

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, pro rata, to the Group 1 Certificates, Group 2 Certificates, Group 3 Certificates and Group 4 Certificates (a) to reduce the Class Principal Balances of the Class 1-A-3, Class 1-A-2 and Class 1-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, (b) to reduce the Class Principal Balances of the Class 2-A-3, Class 2-A-2 and Class 2-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, (c) to reduce the Class Principal Balances of the Class 3-A-2 and Class 3-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, and (d) to reduce the Class Principal Balances of the Group 4 Certificates, sequentially, first, to the Class 4-A-2 Certificates, and second, to the Class 4-A-1A and Class 4-A-1B Certificates, pro rata based on Class Principal Balance, until their respective Class Principal Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator Trustee shall allocate any Applied Realized Loss AmountAmount for Aggregate Loan Group I, first, to reduce the Class Principal Certificate Balances of the Class M-8, Class I-M-7, Class I-M-6, Class I-M-5, Class I-M-4, Class I-M-3, Class I-M-2 and Class I-M-1 Certificates, sequentially, in that order, in each case until their respective Class Principal Certificate Balances are reduced to zero and and, second, pro rata, to the Senior Certificates related to Loan Group 1 Certificates, and the Senior Certificates related to Loan Group 2 Certificates, Group 3 Certificates and Group 4 Certificates (a) to reduce the Class Principal Certificate Balances of the Class 1-A-3, Class 1-A-2 and Class 1-A-1 Certificates, in that order, until their respective Class Principal Certificate Balances are reduced to zero, zero and (b) to reduce the Class Principal Balances of the Class 2-A-3, Class 2-A-2 and Class 2-A-1 Certificates, in that order, until their respective Class Principal Certificate Balances are reduced to zero. On each Distribution Date, (c) the Trustee shall allocate any Applied Realized Loss Amount for Aggregate Loan Group II to reduce the Class Principal Certificate Balances of the Class II-M-7, Class II-M-6, Class II-M-5, Class II-M-4, Class II-M-3, Class II-M-2, Class II-M-1, Class 3-A-3, Class 3-A-2 and Class 3-A-1 Certificates, sequentially, in that order, until their respective Class Principal Balances are reduced to zero, and (d) to reduce the Class Principal Balances of the Group 4 Certificates, sequentially, first, to the Class 4-A-2 Certificates, and second, to the Class 4-A-1A and Class 4-A-1B Certificates, pro rata based on Class Principal Balance, until their respective Class Principal Certificate Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator Trustee shall allocate any Applied Realized Loss Amount, first, Amount for Loan Group 1 to reduce the Class Principal Certificate Balances of the Class M-8, Class 1-M-7, Class 1-M-6, Class 1-M-5, Class 1-M-4, Class 1-M-3, Class M-2 and 1-M-2, Class M-1 Certificates1-M-1, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, pro rata, to the Group 1 Certificates, Group 2 Certificates, Group 3 Certificates and Group 4 Certificates (a) to reduce the Class Principal Balances of the Class 1-A-3, Class 1-A-2 and Class 1-A-1 Certificates, sequentially, in that order, until their respective Class Principal Certificate Balances are reduced to zero. On each Distribution Date, (b) the Trustee shall allocate any Applied Realized Loss Amount for Loan Group 2 to reduce the Class Principal Certificate Balances of the Class 2-M-7, Class 2-M-6, Class 2-M-5, Class 2-M-4, Class 2-M-3, Class 2-M-2, Class 2-M-1, Class 2-A-3, Class 2-A-2 and Class 2-A-1 Certificates, sequentially, in that order, until their respective Class Principal Certificate Balances are reduced to zero. On each Distribution Date, (c) the Trustee shall allocate any Applied Realized Loss Amount for Loan Group 3 to reduce the Class Principal Certificate Balances of the Class 3-M-6, Class 3-M-5, Class 3-M-4, Class 3-M-3, Class 3-M-2, Class 3-M-1, Class 3-A-3, Class 3-A-2 and Class 3-A-1 Certificates, sequentially, in that order, until their respective Class Principal Balances are reduced to zero, and (d) to reduce the Class Principal Balances of the Group 4 Certificates, sequentially, first, to the Class 4-A-2 Certificates, and second, to the Class 4-A-1A and Class 4-A-1B Certificates, pro rata based on Class Principal Balance, until their respective Class Principal Certificate Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator Trustee shall allocate any Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and and, second, pro rata, to the Group 1 Certificates, Group 2 Certificates, Group 3 Certificates and Group 4 Certificates (a) to reduce the Class Principal Balances of the Class 1-A-3, Class 1-A-2 and Class 1-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, (b) to reduce the Class Principal Balances Balance of the Class 2-A-3, Class 2-A-2 and Class 2-A-1 Certificates, in that order, until their respective its Class Principal Balances are Balance is reduced to zero, (c) to reduce the Class Principal Balances of the 3-A-3, Class 3-A-2 and Class 3-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, zero and (d) to reduce the Class Principal Balances of the Group 4 Certificates4-A-3, sequentially, first, to the Class 4-A-2 Certificates, and second, to the Class 4-A-1A and Class 4-A-1B A-1 Certificates, pro rata based on Class Principal Balancein that order, until their respective Class Principal Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Group 2 Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class M-82-M8, Class M-72-M7, Class M-62-M6, Class M-52-M5, Class M-42-M4, Class M-32-M3, Class M-2 2-M2 and Class M-1 2-M1 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, concurrently, pro rata, to the Group Subgroup 2-1 Certificates, Group Certificates and Subgroup 2-2 Certificates, Group 3 Certificates and Group 4 Certificates : (a) to reduce the Class Principal Balances of the Class 12-A-3, Class 1-A-2 1A2 and Class 12-A-1 1A1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, zero and (b) first, to reduce the Class Principal Balances of the Class 2-A-3, Class 2-A-2 and Class 2-A-1 A-6 Certificates, in that order, until their respective its Class Principal Balances are Balance is reduced to zero; and second, (c) concurrently, to reduce the Class Principal Balances of the Class 32-A-2 2A1, Class 2-2A2, Class 2-2A3, Class 2-2A4 and Class 32-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, and (d) to reduce the Class Principal Balances of the Group 4 Certificates, sequentially, first, to the Class 4-A-2 Certificates, and second, to the Class 4-A-1A and Class 4-A-1B 2A5 Certificates, pro rata based on Class Principal Balance, until their respective Class Principal Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Group 2 Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class M-82-M6, Class M-72-M5, Class M-62-M4, Class M-52-M3, Class M-4, Class M-3, Class M-2 2-M2 and Class M-1 2-M1 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, concurrently, pro rata, to the Group Subgroup 2-1 Certificates, Group Certificates and Subgroup 2-2 Certificates, Group 3 Certificates and Group 4 Certificates : (a) to reduce the Class Principal Balances of the Class 12-A-3, Class 1-A-2 1A2 and Class 12-A-1 1A1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, zero and (b) first, to reduce the Class Principal Balances of the Class 2-A-3, Class 2-A-2 and Class 2-A-1 A-6 Certificates, in that order, until their respective its Class Principal Balances are Balance is reduced to zero; and second, (c) concurrently, to reduce the Class Principal Balances of the Class 32-A-2 2A1, Class 2-2A2, Class 2-2A3, Class 2-2A4 and Class 32-A-1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero, and (d) to reduce the Class Principal Balances of the Group 4 Certificates, sequentially, first, to the Class 4-A-2 Certificates, and second, to the Class 4-A-1A and Class 4-A-1B 2A5 Certificates, pro rata based on Class Principal Balance, until their respective Class Principal Balances are reduced to zero.