Common use of Appraisal Reductions Clause in Contracts

Appraisal Reductions. The aggregate Appraisal Reduction will be allocated by the Trustee on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan, to the Certificate Balance of the Class NR, Class Q, Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates and the Class A-J Certificates and then the Class A-M Certificates, in that order, up to the amount of their respective Certificate Balances. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to any AB Mortgage Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions will be allocated to the related Companion Loan up to the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the Houston Galleria Whole Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the Houston Galleria Loan, the Houston Galleria Pari Passu Companion Loans and the Houston Galleria Subordinate Companion Loans. Any resulting Appraisal Reduction on the Houston Galleria Whole Loan will be applied, first, to the Houston Galleria Trust Subordinate Companion Loan up to the principal amount of such Mortgage Loan, second, to the Houston Galleria Non-Trust Subordinate Companion Loan up to the principal amount of such Companion Loan, and then to the Houston Galleria Loan and the Houston Galleria Pari Passu Companion Loan, pro rata and pari passu, according to their respective principal balances.

Appraisal Reductions. The aggregate Appraisal Reduction will be allocated by the Trustee Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan, to the Certificate Balance of the Class NR, Class Q, Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates and Certificates, the Class A-J Certificates and then the Class A-M Certificates, Certificates in that order, up to the amount of their respective Certificate Balances. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to any AB Mortgage Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions will be allocated to the related Companion Loan up to the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the Houston Galleria One & Two Prudential Plaza Whole Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the Houston Galleria Loan, the Houston Galleria Pari Passu Companion Loans One & Two Prudential Plaza Mortgage Loan and the Houston Galleria Subordinate One & Two Prudential Plaza Companion LoansNote. Any resulting Appraisal Reduction on the Houston Galleria Whole Loan Reductions will be appliedallocated, firstpro rata, to the Houston Galleria Trust Subordinate Companion Loan up to the principal amount of such One & Two Prudential Plaza Mortgage Loan, second, to the Houston Galleria Non-Trust Subordinate Companion Loan up to the principal amount of such Companion Loan, and then to the Houston Galleria Loan and the Houston Galleria Pari Passu One & Two Prudential Plaza Companion LoanNote, pro rata and pari passu, according to based on their respective principal balancesStated Principal Balances.

Appraisal Reductions. The aggregate Appraisal Reduction will be allocated by the Trustee Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan, to the Certificate Balance of the Class NR, Class T, Class Q, Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and C, Class B B, Class A-J Certificates and the Class A-J Certificates MFL Regular Interest (and then correspondingly to the Class A-MFL Certificates) and the Class A-M Certificates, pro rata, in that order, up to the amount of their respective Certificate Balances. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to any AB Mortgage Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions with respect to any AB Mortgage Loan will be allocated to the related Companion Loan up to the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the Houston Galleria a Serviced Whole Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the Houston Galleria Loan, the Houston Galleria Pari Passu Companion Loans related Serviced Mortgage Loan and the Houston Galleria Subordinate related Serviced Companion Loans. Any resulting Appraisal Reduction on the Houston Galleria Whole Loan will be appliedallocated in accordance with the related Intercreditor Agreement, first, to the Houston Galleria Trust related Serviced Subordinate Companion Loan up to the principal amount of such Mortgage Loan, if applicable, and, second, to the Houston Galleria Non-Trust Subordinate Companion Loan up to the principal amount of such Companion Loan, and then to the Houston Galleria related Serviced Mortgage Loan and the Houston Galleria each Serviced Pari Passu Companion Loan, pro rata and pari passurata, according to their respective principal balancesStated Principal Balances.

Appraisal Reductions. The aggregate Appraisal Reduction will be allocated by the Trustee Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan, to the Certificate Balance of the Class NR, Class Q, Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and C, Class B Certificates and the B, Class A-J Certificates and then the Class A-M Certificates, in that order, up to the amount of their respective Certificate Balances. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to any AB Mortgage Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions with respect to any AB Mortgage Loan will be allocated to the related Companion Loan up to the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the Houston Galleria Bank of America Plaza Whole Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the Houston Galleria Loan, the Houston Galleria Pari Passu Companion Loans Bank of America Plaza Mortgage Loan and the Houston Galleria Subordinate Bank of America Plaza Companion LoansNote. Any resulting Appraisal Reduction on the Houston Galleria Whole Loan Reductions will be appliedallocated, firstpro rata, to the Houston Galleria Trust Subordinate Companion Loan up to the principal amount Bank of such America Plaza Mortgage Loan, second, to the Houston Galleria Non-Trust Subordinate Companion Loan up to the principal amount of such Companion Loan, and then to the Houston Galleria Loan and the Houston Galleria Pari Passu Bank of America Plaza Companion LoanNote, pro rata and pari passu, according to based on their respective principal balancesStated Principal Balances.

Appraisal Reductions. The aggregate Appraisal Reduction will be allocated by the Trustee Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan, to the Certificate Balance of the Class NR, Class Q, Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates and Certificates, the Class A-J Certificates and then the Class A-M Certificates, Certificates in that order, up to the amount of their respective Certificate Balances. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to any AB Mortgage Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions will be allocated to the related Companion Loan up to the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the Houston Galleria CenterPoint I Whole Loan, Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the Houston Galleria Loan, the Houston Galleria Pari Passu Companion Loans CenterPoint I Mortgage Loan and the Houston Galleria Subordinate CenterPoint I Companion LoansNote. Any resulting Appraisal Reduction on the Houston Galleria Whole Loan Reductions will be appliedallocated, firstpro rata, to the Houston Galleria Trust Subordinate Companion Loan up to the principal amount of such CenterPoint I Mortgage Loan, second, to the Houston Galleria Non-Trust Subordinate Companion Loan up to the principal amount of such Companion Loan, and then to the Houston Galleria Loan and the Houston Galleria Pari Passu CenterPoint I Companion LoanNote, pro rata and pari passu, according to based on their respective principal balancesStated Principal Balances.