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:

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 zero, and second, pro rata, to reduce the Subgroup I-1 Certificates and Subgroup I-2 Class Principal Balance of the Class A-2 Certificates, concurrently, as follows:until its Class Principal Balance is reduced to zero.