Common use of Applied Realized Loss Amounts Clause in Contracts

Applied Realized Loss Amounts. On each Distribution Date, the Master Servicer shall determine the total of the Applied Realized Loss Amounts for such Distribution Date. The Applied Realized Loss Amount for any Distribution Date shall be applied by reducing the Certificate Principal Balance of each Class of Subordinate Certificates beginning with the Class of Subordinate Certificates then outstanding with the lowest payment priority, in each case until the respective Certificate Principal Balance thereof is reduced to zero. Any Applied Realized Loss Amount allocated to a Class of Certificates shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. Applied Realized Loss Amounts will not be allocated to reduce the Certificate Principal Balance of the Senior Certificates.

Applied Realized Loss Amounts. On each Distribution Date, the Master Servicer shall determine the total of the Applied Realized Loss Amounts for such Distribution Date. The Applied Realized Loss Amount for any Distribution Date shall be applied by reducing the Certificate Principal Balance of each Class of Subordinate Certificates of the related Group beginning with the Class of Subordinate Certificates then outstanding with the lowest payment priority, in each case until the respective Certificate Principal Balance thereof is reduced to zero. Any Applied Realized Loss Amount allocated to a Class of Certificates shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. Applied Realized Loss Amounts will not be allocated to reduce the Certificate Principal Balance of the Senior Certificates...

Applied Realized Loss Amounts. On each Distribution Date, the Master Servicer shall determine the total of the Applied Realized Loss Amounts for such Distribution Date. The Applied Realized Loss Amount for any Distribution Date shall be applied by reducing the Certificate Principal Balance of each Class of Subordinate Certificates of the related Group beginning with the Class of Subordinate Certificates then outstanding with the lowest payment priority, in each case until the respective Certificate Principal Balance thereof is reduced to zero. Any Applied Realized Loss Amount allocated to a Class of Certificates shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. Applied Realized Loss Amounts will not be allocated to reduce the Certificate Principal Balance of the Senior Certificates.

Applied Realized Loss Amounts. [On each Distribution Date, the Master Servicer shall determine the total of the Applied Realized Loss Amounts for such Distribution Date. The Applied Realized Loss Amount for any Distribution Date shall be applied by reducing the Certificate Principal Balance of each Class of Subordinate Certificates beginning with the Class of Subordinate Certificates then outstanding with the lowest payment priority, in each case until the respective Certificate Principal Balance thereof is reduced to zero. Any Applied Realized Loss Amount allocated to a Class of Certificates shall be allocated among the Certificates of such Class in proportion to their respective Percentage Interests. Applied Realized Loss Amounts will not be allocated to reduce the Certificate Principal Balance of the Senior Certificates.]