Common use of Application of Subsequent Recoveries Clause in Contracts

Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied (i) to the Class A-1 Certificates to increase the Class Certificate Balance of the Class A-1 Certificates in an amount up to the Unpaid Realized Loss Amount for such Class of Certificates and (ii) to the Classes of Subordinated Certificates in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, in an amount up to Unpaid Realized Loss Amount for that Class of Certificates. Holders of Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.

Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied (i) applied, first, sequentially, to the Class A-1 Certificates A-2 and Class A-3 Certificates, in that order, to increase the Class Certificate Balance of the Class A-1 Certificates those Classes in an amount up to the amount of Unpaid Realized Loss Amount for Amounts on each such Class of Certificates and (ii) to the Classes of Subordinated Certificates Class, and, second, sequentially, in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, but in an each case by not more than the amount up to of Unpaid Realized Loss Amount for Amounts on that Class of Certificates. Holders of such Certificates to which any Subsequent Recoveries have been allocated shall will not be entitled to any payment in respect of Current Interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance of each Certificate of such Class.

Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied (i) applied, first, sequentially, to the Class A-1 Certificates and Class A-2 Certificates, in that order, to increase the Class Certificate Balance of the Class A-1 Certificates those Classes in an amount up to the amount of Unpaid Realized Loss Amount for Amounts on each such Class of Certificates and (ii) to the Classes of Subordinated Certificates Class, and, second, sequentially, in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, but in an each case by not more than the amount up to of Unpaid Realized Loss Amount for Amounts on that Class of Certificates. Holders of such Certificates to which any Subsequent Recoveries have been allocated shall will not be entitled to any payment in respect of Current Interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance of each Certificate of such Class.

Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied (i) sequentially, to the Class A-1 Certificates and Class A-2 Certificates, in that order, to increase the Class Certificate Balance of the Class A-1 Senior Certificates in an amount up to the Unpaid Realized Loss Amount for each such Class of Certificates and (ii) to the Classes of Subordinated Certificates in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, in an amount up to Unpaid Realized Loss Amount for that Class of Certificates. Holders of Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.

Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied (i) concurrently, to the Class A-1 Certificates Classes of Senior Certificates, pro rata based on the Unpaid Realized Loss Amounts for each Class, to increase the Class Certificate Balance of the Class A-1 Senior Certificates in an amount up to the amount of Unpaid Realized Loss Amount for Losses on each such Class of Certificates and (ii) to the Classes of Subordinated Certificates second, sequentially, in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, but in an each case by not more than the amount up to of Unpaid Realized Loss Amount for Losses on that Class of Certificates. Holders of such Certificates to which any Subsequent Recoveries have been allocated shall will not be entitled to any payment in respect of Current Interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance of each Certificate of such Class.