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 I-M7, Class I-M6, Class I-M5, Class I-M4, Class I-M3, Class I-M2 and Class I-M1 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, pro rata, to the Subgroup I-1 Certificates and Subgroup I-2 Certificates, concurrently, as follows: (A) to reduce the Class Principal Balance of the Class I-1A Certificates, until its Class Principal Balance is reduced to zero, and (B) sequentially, (i) first, to reduce the Class Principal Balance of the Class I-2A4 Certificates, until its Class Principal Balance is reduced to zero; and (ii) second, concurrently (pro rata, with respect to subclause (x) below based on the aggregate Class Principal Balance of the Class I-2A1 and Class I-2A2 Certificates, and with respect to subclause (y) below based on the aggregate Class Principal Balance of the Class I-2A3 Certificates) as follows: (x) to reduce the Class Principal Balance of the Class I-2A2 and Class I-2A1 Certificates, sequentially, in that order, until their respective Class Principal Balances are reduced to zero; and (y) to reduce the Class Principal Balance of the Class I-2A3 Certificates, until its Class Principal Balance is reduced to zero.

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 I-M7M-8, Class I-M6M-7, Class I-M5M-6, Class I-M4M-5, Class I-M3M-4, Class I-M2 M-3, Class M-2 and Class I-M1 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 Subgroup I-1 Group 1 Certificates, Group 2 Certificates, Group 3 Certificates and Subgroup I-2 Certificates, concurrently, as follows: Group 4 Certificates (Aa) to reduce the Class Principal Balance Balances of the Class I-1A Certificates1-A-3, until its Class Principal Balance is reduced to zero, and (B) sequentially, (i) first, to reduce the Class Principal Balance of the Class I-2A4 Certificates, until its Class Principal Balance is reduced to zero; and (ii) second, concurrently (pro rata, with respect to subclause (x) below based on the aggregate Class Principal Balance of the Class I-2A1 1-A-2 and Class I-2A2 1-A-1 Certificates, and with respect to subclause (y) below based on the aggregate Class Principal Balance of the Class I-2A3 Certificates) as follows: (x) to reduce the Class Principal Balance of the Class I-2A2 and Class I-2A1 Certificates, sequentially, in that order, until their respective Class Principal Balances are reduced to zero; and , (yb) to reduce the Class Principal Balance Balances of the Class I-2A3 2-A-3, Class 2-A-2 and Class 2-A-1 Certificates, in that order, until its their respective Class Principal Balance is 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.