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 in a Loan Group, the amount of such Subsequent Recoveries will be applied, first, sequentially, to the related Senior Certificates, to increase the Class Certificate Balance of those Classes in an amount up to the amount of Unpaid Realized Loss Amounts on each such Class, and, second, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, but in each case by not more than the amount of Unpaid Realized Loss Amounts on that Class of Certificates. Holders of such Certificates 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 in a Loan GroupLoan, the amount of such Subsequent Recoveries will be applied, first, sequentially, to the related Senior Class A-5 Certificates, to increase the Class Certificate Balance of those Classes this Class in an amount up to the amount of Unpaid Realized Loss Amounts on each such 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 each case by not more than the amount of Unpaid Realized Loss Amounts on that Class of Certificates. Holders of such Certificates 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 in a Loan GroupLoan, the amount of such Subsequent Recoveries will be applied, first, concurrently to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata, based on their respective Unpaid Realized Loss Amounts, second to the Class A-4 Certificates, and, third, sequentially, in the order of payment priority, to the related Senior each Class of Subordinated Certificates, to increase the Class Certificate Balance of those Classes in an amount up to the amount of Unpaid Realized Loss Amounts on each such Class, and, second, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, allocated but in each case by not more than the amount of Unpaid Realized Loss Amounts on that Class of Certificates. Holders of such Certificates 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.