Common use of Carryover Shortfall Reserve Fund Clause in Contracts

Carryover Shortfall Reserve Fund. On each Distribution Date, any amounts deposited in the Carryover Shortfall Reserve Fund pursuant to Section 4.02(a)(1)(i) and Section 4.02(a)(2)(i) hereof will be distributed, sequentially, in the following order of priority: (i) from amounts deposited in the Carryover Shortfall Reserve Fund from amounts allocated to the Class 1-X Certificates on that Distribution Date pursuant to Section 4.02(a)(1)(i), sequentially, as follows (x) concurrently, to the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates (to be distributed pro rata among such Classes based on the Carryover Shortfall Amount allocated to such Classes), in an amount up to their respective Carryover Shortfall Amounts and (y) to the Class 1-X Certificates, any remaining amount; and (ii) from amounts deposited in the Carryover Shortfall Reserve Fund from amounts allocated to the Class 2-X Certificates on that Distribution Date pursuant to Section 4.02(a)(2)(i), sequentially, as follows (x) concurrently, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates (to be distributed pro rata among such Classes based on the Carryover Shortfall Amount allocated to such Classes), in an amount up to their respective Carryover Shortfall Amounts and (y) to the Class 2-X Certificates, any remaining amount. In addition, on the first Distribution Date, following the distribution pursuant to the preceding paragraph of amounts deposited in the Carryover Shortfall Reserve Fund pursuant to Section 4.02(a)(1)(i) and Section 4.02(a)(2)(i), the Trustee shall distribute the Carryover Shortfall Reserve Fund Additional Deposit Amounts first to the related Senior LIBOR Certificates, pro rata, based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates, and then allocable to a Certificate Group (a) sequentially, to the Class 1-M-1, 1-Class 1-M-2, 1-Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4 and Class 1-B-5 Certificates, in that order, in each case based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates, and (b) sequentially, to the Class 2-M-1, Class 2-B-1, Class 2-B-2, Class 2-B-2, Class 2-B-3, Class 2-B-4 and Class 2-B-5, in that order, in each case based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates. On the first Distribution Date, following the distributions specified in the immediately preceding sentence, the Trustee shall distribute any remaining Carryover Shortfall Reserve Fund Additional Deposit to the Depositor or its designee.

Carryover Shortfall Reserve Fund. On each Distribution Date, any amounts deposited in the Carryover Shortfall Reserve Fund pursuant to Section 4.02(a)(1)(i), Section 4.02(a)(2)(i) and Section 4.02(a)(2)(i4.02(a)(4)(A) hereof will be distributed, sequentially, in the following order of priority: (i) from amounts deposited in the Carryover Shortfall Reserve Fund from amounts allocated to the Class 1-X Certificates on that Distribution Date pursuant to Section 4.02(a)(1)(i), sequentially, as follows (x) concurrently, to the Class 1-A-1, Class 1-A-2 A-2, Class 1-A-3, Class 1-A-4 and Class 1-A-3 A-5 Certificates (to be distributed pro rata among such Classes based on the Carryover Shortfall Amount allocated to such Classes), in an amount up to their respective Carryover Shortfall Amounts and (y) to the Class 1-X Certificates, any remaining amount; and (ii) from amounts deposited in the Carryover Shortfall Reserve Fund from amounts allocated to the Class 2-X Certificates on that Distribution Date pursuant to Section 4.02(a)(2)(i), sequentially, as follows (x) concurrently, to the Class 2-A-1, A-1 and Class 2-A-2 and Class 2-A-3 Certificates (to be distributed pro rata among such Classes based on the Carryover Shortfall Amount allocated to such Classes), in an amount up to their respective Carryover Shortfall Amounts and (y) to the Class 2-X Certificates, any remaining amount; and (iii) from amounts deposited in the Carryover Shortfall Reserve Fund from amounts allocated to the Class M-X Certificates on that Distribution Date pursuant to Section 4.02(a)(4)(A), sequentially, as follows (x) sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0, Xxxxs M-5, Class M-6, Class M-7, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates, in that order, in an amount up to their respective Carryover Shortfall Amounts and (y) to the Class M-X Certificates, any remaining amount. In addition, on the first Distribution Date, following the distribution pursuant to the preceding paragraph of amounts deposited in the Carryover Shortfall Reserve Fund pursuant to Section 4.02(a)(1)(i), Section 4.02(a)(2)(i) and Section 4.02(a)(2)(i4.02(a)(4)(A), the Trustee shall distribute the Carryover Shortfall Reserve Fund Additional Deposit Amounts Amount first to the related Senior LIBOR Certificates, pro rata, based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates, and then allocable to a Certificate Group (a) sequentially, sequentially to the Class 1-M-1, 1-Class 1-M-2, 1-Class 1-M-3, Class 1-M-4M-0, Xxxxx X-0, Class 1-M-5, Class 1-M-6, Class 1-M-7, Class B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4 and Class 1-B-5 Certificates, in that order, in each case based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates, and (b) sequentially, to the Class 2-M-1, Class 2-B-1, Class 2-B-2, Class 2-B-2, Class 2-B-3, Class 2-B-4 and Class 2-B-5, in that order, in each case based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates. On the first Distribution Date, following the distributions specified in the immediately preceding sentence, the Trustee shall distribute any remaining Carryover Shortfall Reserve Fund Additional Deposit to the Depositor or its designee.

Carryover Shortfall Reserve Fund. On each Distribution Date, any amounts deposited in the Carryover Shortfall Reserve Fund pursuant to Section 3.05, Section 3.08, Section 3.20, Section 4.02(a)(1)(i) ), and Section 4.02(a)(2)(i4.02 (a) (2)(A) hereof will be distributed, sequentially, in the following order of priority: (i) from amounts deposited in the Carryover Shortfall Reserve Fund from amounts allocated to received under the Class 1-X Certificates Corridor Contract on that Distribution Date pursuant to Section 4.02(a)(1)(i)3.20, sequentiallyto the Class A-3 and Class A-4 Certificates, as follows respectively, the amount of any Carryover Shortfall Amounts with respect to each such class of certificates; (xii) concurrently, (a) from amounts otherwise distributable to the Class X Certificates, concurrently, to the Class 1-A-1A Certificates, Class 1-A-2 and Class 1-A-3 Certificates (to be distributed pro rata among such Classes based on the Carryover Shortfall Amount allocated to such Classes), in an amount up to their respective Carryover Shortfall Amounts and (yb) from amounts otherwise distributable to the Class 1M-X Certificates, sequentially, to the Class M, Class B-1, Class B-2, Class B-3, Class B-4 and Class B-5 Certificates, in that order, in each case based upon the amount of any Carryover Shortfall Amounts remaining amountunpaid with respect to such classes of certificates); and (iiiii) concurrently, (a) from amounts deposited remaining on deposit in the Carryover Shortfall Reserve Fund from amounts allocated otherwise distributable to the Class 2-X Certificates on that Distribution Date pursuant to Section 4.02(a)(2)(i), sequentially, as follows (x) concurrentlyCertificates, to the Class 2-A-1, Class 2-A-2 X Certificates and Class 2-A-3 Certificates (to be distributed pro rata among such Classes based b) from amounts on deposit in the Carryover Shortfall Amount allocated to such Classes), in an amount up to their respective Carryover Shortfall Amounts and (y) Reserve Fund otherwise distributable to the Class 2M-X Certificates, any remaining amountto the Class M-X Certificates. In addition, on the first Distribution Date, following the distribution pursuant to the preceding paragraph of amounts deposited in the Carryover Shortfall Reserve Fund pursuant to Section 4.02(a)(1)(i) and Section 4.02(a)(2)(i), 4.02(a)(2)(A) the Trustee shall distribute the Carryover Shortfall Reserve Fund Additional Deposit Amounts first to the related Senior LIBOR Certificates, pro rata, based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates, and then allocable to a Certificate Group (a) then, sequentially, to the Class 1-M-1, 1-Class 1-M-2, 1-Class 1-M-3, Class 1-M-4, Class 1-M-5, Class 1-M-6, Class 1-B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4 and Class 1-B-5 Subordinated Certificates, in that orderbeginning with the Class of Subordinated Certificates then outstanding with the highest payment priority, in each case based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates, and (b) sequentially, to the Class 2-M-1, Class 2-B-1, Class 2-B-2, Class 2-B-2, Class 2-B-3, Class 2-B-4 and Class 2-B-5, in that order, in each case based upon the amount of any unpaid Carryover Shortfall Amounts with respect to each such Class of Certificates. .. On the first Distribution Date, following the distributions specified in the immediately preceding sentence, the Trustee shall distribute any remaining Carryover Shortfall Reserve Fund Additional Deposit to the Depositor Underwriter or its designee.