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

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class X-0 xxx Xxxxx M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. After the Class Certificate Balance of each class of Subordinated Certificates has been reduced to zero, if the aggregate Class Certificate Balance of the Senior Certificates exceeds the aggregate Stated Principal Balance of the Mortgage Loans, the amount of that excess will be allocated to reduce the Class Certificate Balances of Senior Certificates, pro rata based on their then- outstanding Class Certificate Balances; provided, however, that any losses that would otherwise be allocated to the Class A1-A Certificates will be allocated to the Class A1-B and Class A1-C Certificates, pro rata, until their Class Certificate Balance is reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class M-11, Class M-10, Class M-9, Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class X-0 xxx Xxxxx M-2 and Class M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. After the Class Certificate Balance of each class of Subordinated Certificates has been reduced to zero, if the aggregate Class Certificate Balance of the Senior Certificates exceeds the aggregate Stated Principal Balance of the Mortgage Loans, the amount of that excess will be allocated to reduce the Class Certificate Balances of Senior Certificates, pro rata based on their then- then-outstanding Class Certificate Balances; provided, however, that any losses that would otherwise be allocated to the Class A1-A A-1 and Class A-2 Certificates will be allocated to the Class A1-B and Class A1-C A-3 Certificates, pro rata, until their its Class Certificate Balance is reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class M-9, Class M-8, Class M-7, Class M-6X-0, Class M-5Xxxxx X-0, Class M-4, Class M-3, Class X-0 xxx Xxxxx M-2 and Class M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. After the Class Certificate Balance of each class of Subordinated Certificates has been reduced to zeroThereafter, (i) if the aggregate Class Certificate Balance of the Group 1 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 1 Mortgage Loans, the amount of that excess will be allocated to reduce in the Class Certificate Balances of Senior Certificatesfollowing priority: first, pro rata based on their then- outstanding Class Certificate Balances; provided, however, that any losses that would otherwise be allocated to the Class A11-A Certificates will be allocated to the Class A1-B A-3A and Class A11-C A-3B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; second, to the Class 1-A-2 Certificates, until its Class Certificate Balance is reduced to zero.; and third, to the Class 1-A-1A and Class 1-A-1B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class M-11, Class M-10, Class M-9, Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class X-0 xxx Xxxxx M-2 and Class M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. After the Class Certificate Balance of each class Class of Subordinated Certificates has been reduced to zero, if the aggregate Class Certificate Balance of the Senior Certificates exceeds the aggregate Stated Principal Balance of the Mortgage Loans, the amount of that excess will be allocated to reduce the Class Certificate Balances of Senior Certificates, pro rata based on their then- outstanding Class Certificate Balances; provided, however, that any losses that would otherwise be allocated first to the Class A1-A Certificates will be allocated A-2 Certificates, and second to the Class A1-B and Class A1-C A-1 Certificates, pro ratain that order, until their respective Class Certificate Balance is Balances are reduced to zero.