Certain Calculations in Respect of the Whole Loan Sample Clauses

Certain Calculations in Respect of the Whole Loan. (a) All amounts collected by or on behalf of the Trust and the Companion Loan Holders in respect of the Whole Loan in the form of payments from the Borrower, Liquidation Proceeds, Condemnation Proceeds or Insurance Proceeds (other than amounts related to clause (b) of the definition thereof necessary to be applied to the restoration, preservation or repair of the Property or to be released to the Borrower in accordance with the Loan Documents) shall be applied to amounts due and owing under the Loan Documents (including for principal and accrued and unpaid interest) in accordance with the express provisions of the Loan Documents and the Co-Lender Agreement; provided, however, in the absence of such express provisions or if and to the extent that such terms authorize the mortgagee to use its discretion and in any event for purposes of calculating distributions hereunder after a Loan Event of Default, all such amounts collected to the extent not required to be reimbursed or paid to the Servicer or Special Servicer as servicing compensation or reimbursement for expenses or advances and interest thereon pursuant to the terms hereof (and for which the Borrower is obligated to pay under the terms of the Loan Documents) shall be deemed to be applied: first, as a recovery of any unreimbursed Monthly Payment Advance, Property Protection Advances and Administrative Advances with respect to the Trust Loan or the Whole Loan, as applicable, plus interest accrued on such advances (including Companion Loan Advances and interest on Companion Loan Advances) and, if applicable, unpaid Liquidation Expenses or foreclosure expenses and unreimbursed Trust Fund Expenses; second, as a recovery of Nonrecoverable Advances (including Companion Loan Advances and interest on Companion Loan Advances) or interest on Nonrecoverable Advances to the extent previously reimbursed from principal collections with respect to the Whole Loan, as applicable, (which amount is required to be treated as a collection on the Trust Loan; third, to the extent not previously allocated pursuant to clause first above, as a recovery of accrued and unpaid interest on each Note that has not been the subject of a Monthly Payment Advance or Companion Loan Advance to the extent of the excess of (i) accrued and unpaid interest on such Note at the applicable Note Rate (without giving effect to any increase in such Note Rate required under the Loan Agreement as a result of a default under the Whole Loan) to, but not...