Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates, sixth, to the Class B Certificates, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. (b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. (c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2013-C12), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2013-C12), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C10)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X [X] Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR [H] Certificates, second, second to the Class F [G] Certificates, third, third to the Class E [F] Certificates, fourth, fourth to the Class D [E] Certificates, fifth, fifth to the Class C [D] Certificates, sixth, sixth to the Class B [C] Certificates, seventh, seventh to the Class A-S Certificates[B] Certificates and eighth, and then pro rata (based upon Accrued Certificate Interest) ), to the Class [A-1, Class A-2, Class A-3, Class A-4, Class A-5 ] and Class A-SB [A-2] Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates[A-1], Class A-2 Certificates[A-2], Class A-3 Certificates[B], Class A-4 Certificates[C], Class A-5 Certificates[D], Class A-SB Certificates[E], Class A-S Certificates[F], Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates [G] and Class NR [H] Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.. [End of Article IV]
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc), Pooling and Servicing Agreement (Chase Commercial Mortgage Securities Corp), Pooling and Servicing Agreement (Ge Capital Commercial Mortgage Corp)
Certificate Deferred Interest. (a) On each Distribution Date, (i) the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), sixth, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date and (ii) the amount of interest distributable to any Class of Loan-Specific Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the related Trust Companion Loan for the Due Date occurring in the related Due Period allocated to such Class of Certificates, such Mortgage Deferred Interest to be allocated to such Class of Certificates, (i) with respect to the Class UH5 Certificates, as Class UH5 Certificate Deferred Interest, (ii) with respect to the Class RIM Certificates, as Class RIM Certificate Deferred Interest, and (iii) with respect to the Class WYA Certificates, as Class WYA Certificate Deferred Interest, in each case, up to the Loan-Specific Accrued Certificate Interest for such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a4.06(a)(i) above, and the Certificate Balance of any Class of Loan-Specific Certificates shall be increased by the amount of Loan-Specific Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a)(ii) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C25), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C24), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C23)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), sixth, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4A-4A1, Class A-4A2, Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 A-4A1 Certificates, Class A-4A2 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C21), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C19), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C18)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR M Certificates, secondsecond to the Class L Certificates, third to the Class K Certificates, fourth to the Class J Certificates, fifth to the Class I Certificates, sixth to the Class H Certificates, seventh to the Class G Certificates, eighth to the Class F Certificates, third, ; ninth to the Class E Certificates, fourth, tenth to the Class D Certificates, fifth, ; eleventh to the Class C Certificates, sixth, ; twelfth to the Class B Certificates, seventhand thirteenth, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1 and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesB, Class A-4 CertificatesC, Class A-5 CertificatesD, Class A-SB CertificatesE, Class A-S CertificatesF, Class B CertificatesG, Class C CertificatesH, Class D CertificatesI, Class E CertificatesJ, Class F Certificates K, Class L and Class NR M Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Chase Commercial Mort Sec Corp Com Mor Pa Th Ce Ser 2000-1), Pooling and Servicing Agreement (Chase Commercial Mort Sec Corp Com Mor Pa Th Ce Ser 2000-2), Pooling and Servicing Agreement (Chase Manhattan Bk First Union Na Bk Com Mor Tr Ser 1999-1)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X A-2FL, Class X, Class S, Class R and Class LR Certificates) and the Class A-2FL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or Class A-2FL Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second, secondto the Class P Certificates; third, to the Class N Certificates; fourth, to the Class M Certificates; fifth, to the Class L Certificates; sixth, to the Class K Certificates; seventh, to the Class J Certificates; eighth, to the Class H Certificates; ninth, to the Class G Certificates; tenth, to the Class F Certificates, third; eleventh, to the Class E Certificates, fourth; twelfth, to the Class D Certificates, fifth; thirteenth, to the Class C Certificates, sixth; fourteenth, to the Class B Certificates, seventh; fifteenth, to the Class A-S J Certificates; sixteenth, to the Class A-M Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB CertificatesCertificates and the Class A-2FL Regular Interest, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Certificate Deferred Interest allocated to the Class A-2FL Regular Interest will, by virtue of such allocation, be allocated to the Class A-2FL Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-2FL Regular Interest (and correspondingly the Class A-2FL Certificates), Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-2FL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest, third, to the Class LA-2-3 Uncertificated Interest, fourth, to the Class LA-2-4 Uncertificated Interest, fifth, to the Class LA-2-5 Uncertificated Interest, and sixth, to the Class LA-2-6 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-2FL Regular Interest, first, to the Class LA-2FL-1 Uncertificated Interest, second, to the Class LA-2FL-2 Uncertificated Interest, third, to the Class LA-2FL-3 Uncertificated Interest, fourth, to the Class LA-2FL-4 Uncertificated Interest, fifth, to the Class LA-2FL-5 Uncertificated Interest, and sixth, to the Class LA-2FL-6 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, and second, to the Class LA-3-2 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest and sixth, to the Class LA-4-6 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest and third, to the Class LD-3 Uncertificated Interest, (ix) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest, second, to the Class LE-2 Uncertificated Interest, and third, to the Class LE-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xii) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero and (xiii) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero).
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-2FL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest, third, to the Class LA-2-3 Uncertificated Interest, fourth, to the Class LA-2-4 Uncertificated Interest, fifth, to the Class LA-2-5 Uncertificated Interest, and sixth, to the Class LA-2-6 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-2FL Regular Interest, first, to the Class LA-2FL-1 Uncertificated Interest, second, to the Class LA-2FL-2 Uncertificated Interest, third, to the Class LA-2FL-3 Uncertificated Interest, fourth, to the Class LA-2FL-4 Uncertificated Interest, fifth, to the Class LA-2FL-5 Uncertificated Interest, and sixth, to the Class LA-2FL-6 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, and second, to the Class LA-3-2 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest and sixth, to the Class LA-4-6 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest and third, to the Class LD-3 Uncertificated Interest, (ix) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest, second, to the Class LE-2 Uncertificated Interest, and third, to the Class LE-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xii) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero, and (xiii) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero); provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp), Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp), Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F G Certificates, third, to the Class E F Certificates, fourth, to the Class D E Certificates, fifth, to the Class C D Certificates, sixth, to the Class C Certificates, seventh, to the Class B Certificates, seventheighth, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C18), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2013-C14), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2013-C14)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), sixth, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C22), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C21)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X X, Class A-4FX and Class A-4FL Certificates) and the Class A-4FL/4FX Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or the Class A-4FL/4FX Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F G Certificates, third, to the Class E F Certificates, fourth, to the Class D E Certificates, fifth, to the Class C D Certificates, sixth, to the Class C Certificates, seventh, to the Class B Certificates, seventheighth, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, A-4 and the Class A-5 and Class A-SB CertificatesA-4FL/4FX Regular Interest, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Any Certificate Deferred Interest allocated to the Class A-4FL/4FX Regular Interest on any Distribution Date shall be allocated between the Class A-4FX and Class A-4FL Certificates, pro rata, in accordance with their respective Certificate Balances.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 CertificatesA-4FL/4FX Regular Interest, Class A-5 Certificates, Class A-SB A-4 Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. Any Certificate Deferred Interest allocated to the Class A-4FL/4FX Regular Interest on any Distribution Date to increase its Certificate Balance shall be allocated, pro rata (based upon their Certificate Balances immediately prior to the related Distribution Date) between the Class A-4FX and Class A-4FL Certificates and increase the related Certificate Balance of such Class of Certificates.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates (other than the Class A-4FX and Class A-4FL Certificates) or the Class A-4FL/4FX Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Cibx), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Cibx)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F G Certificates, third, to the Class E F Certificates, fourth, to the Class D E Certificates, fifth, to the Class C D Certificates, sixth, to the Class B C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), eighth, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3A-3A1, Class A-4A-3A2, Class A-4A1, Class A-4A2, Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 A-3A1 Certificates, Class A-4 A-3A2 Certificates, Class A-4A1 Certificates, Class A-4A2 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C21), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2014-C20)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), sixth, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C18), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2013-C17)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), sixth, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C16), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C16)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, second, ; second to the Class P Certificates; third to the Class N Certificates; fourth to the Class M Certificates; fifth to the Class L Certificates; sixth to the Class K Certificates; seventh to the Class J Certificates; eighth to the Class H Certificates; ninth to the Class G Certificates; tenth to the Class F Certificates, third, ; eleventh to the Class E Certificates, fourth, ; twelfth to the Class D Certificates, fifth, ; thirteenth to the Class C Certificates, sixth, fourteenth to the Class B CertificatesCertificates and fifteenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4, Class A-5 A-3 and Class A-SB A-4 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesA-3, Class A-4 CertificatesA-4, Class A-5 CertificatesA-1A, Class A-SB CertificatesB, Class A-S CertificatesC, Class B CertificatesD, Class C CertificatesE, Class D CertificatesF, Class E CertificatesG, Class F Certificates H, Class J, Class K, Class L, Class M, Class N, Class P and Class NR Certificates Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2004-C2), Pooling and Servicing Agreement (J.P.Morgan Chase Commercial Mortgage Securities Series 2004-Cibc9)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X and Class PS Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Majority Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, second, ; second to the Class P Certificates; third to the Class N Certificates; fourth to the Class M Certificates; fifth to the Class L Certificates; sixth to the Class K Certificates; seventh to the Class J Certificates; eighth to the Class H Certificates; ninth to the Class G Certificates; tenth to the Class F Certificates, third, ; eleventh to the Class E Certificates, fourth, ; twelfth to the Class D Certificates, fifth, ; thirteenth to the Class C Certificates, sixth, fourteenth to the Class B CertificatesCertificates and fifteenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1A and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. On each Distribution Date, the amount of interest distributable to the Class PS Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the One Post Office Square B Note for the Due Date occurring in the related Due Period, such Mortgage Deferred Interest to be allocated first to the Class PS-7 Certificates, second to the Class PS-6 Certificates, third to the Class PS-5 Certificates fourth to the Class PS-4 Certificates, fifth to the Class PS-3 Certificates, sixth to the Class PS-2 Certificates and seventh to the Class PS-1 Certificates in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesA-1A, Class A-4 CertificatesB, Class A-5 CertificatesC, Class A-SB CertificatesD, Class A-S CertificatesE, Class B CertificatesF, Class C CertificatesG, Class D CertificatesH, Class E CertificatesJ, Class F Certificates K, Class L, Class M, Class N, Class P and Class NR Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date, the Certificate Balances of the Class PS-1, Class PS-2, Class PS-3, Class PS-4, Class PS-5, Class PS-6 and Class PS-7 Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest, the Class LA-1-5 Uncertificated Interest and the Class LA-1-6 Uncertificated Interest, (ii) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest and the Class LA-1A-8 Uncertificated Interest, (iii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest and the Class LA-2-3 Uncertificated Interest, (iv) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (v) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (vi) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest and (vii) the Class L Certificates will be allocated to the LL-1 Uncertificated Interest and the Class LL-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date).
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest, the Class LA-1-5 Uncertificated Interest and the Class LA-1-6 Uncertificated Interest, (ii) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest and the Class LA-1A-8 Uncertificated Interest, (iii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest and the Class LA-2-3 Uncertificated Interest, (iv) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (v) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest (vi) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest and (vii) the Class L Certificates will be allocated to the LL-1 Uncertificated Interest and the Class LL-2 Uncertificated Interest, in each case, pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) Any Mortgage Deferred Interest of the One Post Office Square B Note shall be allocated in reduction of the amount of interest distributable to, and will be added to the Loan REMIC Principal Amount of, the Loan REMIC Regular Interests, first to the Class KPS-7 Uncertificated Interest; second to the Class KPS-6 Uncertificated Interest: third to the Class KPS-5 Uncertificated Interest; fourth to the Class KPS-4 Uncertificated Interest; fifth to the Class KPS-3 Uncertificated Interest; sixth to the Class KPS-2 Uncertificated Interest; and seventh to the Class KPS-1 Uncertificated Interest. Mortgage Deferred Interest allocated to the Loan REMIC Regular Interests pursuant to the preceding sentence will be allocated as Certificate Deferred Interest in reduction of the amount of interest distributable to, and will be added to the Lower-Tier Principal Amount of, the Related Uncertificated Lower-Tier Interests.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Com Mort Sec Corp Ps THR Certs Ser 2003-Ln1), Pooling and Servicing Agreement (Jp Morgan Chase Com Mort Sec Corp Ps THR Certs Ser 2003-Ln1)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X A-2FL, Class X, Class S, Class R and Class LR Certificates) and the Class A-2FL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or the Class A-2FL Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second to the Class T Certificates; third to the Class Q Certificates; fourth to the Class P Certificates; fifth to the Class N Certificates; sixth to the Class M Certificates; seventh to the Class L Certificates; eighth to the Class K Certificates; ninth to the Class J Certificates; tenth, secondto the Class H Certificates; eleventh, to the Class G Certificates; twelfth, to the Class F Certificates, third; thirteenth, to the Class E Certificates, fourth; fourteenth, to the Class D Certificates, fifth; fifteenth, to the Class C Certificates, sixth, ; sixteenth to the Class B Certificates, seventh; seventeenth to the Class A-J Certificates; eighteenth, to the Class A-S M Certificates and nineteenth to the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-SB Certificates, Class A-1A Certificates and then the Class A-2FL Regular Interest, pro rata (based upon Accrued their respective Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB CertificatesBalances), in each case up to the respective Accrued Certificate Interest for each such Class of Certificates or the Class A-2FL Regular Interest for such Distribution Date. Certificate Deferred Interest allocated to the Class A-2FL Regular Interest will, by virtue of such allocation, be allocated to the Class A-2FL Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-2-FL Regular Interest (and correspondingly the Class A-2FL Certificates), Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates, Class Q Certificates, Class T Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-2FL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-2FL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Ldp11), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Ldp11)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X A-2SFL, Class A-3SFL, Class X, Class R, Class MR and Class LR Certificates) and the Class A-2SFL Regular Interest and the Class A-3SFL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or such Class of Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second to the Class P Certificates; third to the Class N Certificates; fourth to the Class M Certificates; fifth to the Class L Certificates; sixth to the Class K Certificates; seventh to the Class J Certificates; eighth, secondto the Class H Certificates and the Class H-S Certificates, pro rata (based upon their respective Certificate Balances); ninth, to the Class G Certificates and Class G-S Certificates, pro rata (based upon their respective Certificate Balances); tenth, to the Class F Certificates and the Class F-S Certificates, thirdpro rata (based upon their respective Certificate Balances); eleventh, to the Class E Certificates and the Class E-S Certificates, fourthpro rata (based upon their respective Certificate Balances); twelfth, to the Class D Certificates and the Class D-S Certificates, fifthpro rata (based upon their respective Certificate Balances); thirteenth, to the Class C Certificates and the Class C-S Certificates, sixth, pro rata (based upon their respective Certificate Balances); fourteenth to the Class B Certificates and the Class B-S Certificates, seventhpro rata (based upon their respective Certificate Balances); fifteenth to the Class A-J Certificates and the Class A-JS Certificates, pro rata (based upon their respective Certificate Balances); sixteenth, to the Class A-S M Certificates and Class A-MS Certificates, and then pro rata (based upon Accrued their respective Certificate InterestBalances) and seventeenth to the Class A-1A-1 Certificates, Class A-2A-1S Certificates, Class A-3A-2 Certificates, Class A-4A-2S Certificates, Class A-5 A-3 Certificates, Class A-1A Certificates and Class A-SB CertificatesA-2SFL Regular Interest and Class A-3SFL Regular Interest, pro rata (based upon their respective Certificate Balances), in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Certificate Deferred Interest allocated to the Class A-2SFL Regular Interest and Class A-3SFL Regular Interest will, by virtue of such allocation, be allocated to the Class A-2SFL Certificates and Class A-3SFL Certificates, respectively.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-1S Certificates, Class A-2 Certificates, Class A-2S Certificates, Class A-2SFL Regular Interest (and correspondingly the Class A-2SFL Certificates), Class A-3 Certificates, Class A-4 A-3SFL Regular Interest (and correspondingly the Class A-3SFL Certificates), Class A-5 A-1A Certificates, Class A-SB M Certificates, Class A-S MS Certificates, Class A-J Certificates, Class A-JS Certificates, Class B Certificates, Class B-S Certificates, Class C Certificates, Class C-S Certificates, Class D Certificates, Class D-S Certificates, Class E Certificates, Class E-S Certificates, Class F Certificates, Class F-S Certificates, Class G Certificates, Class G-S Certificates, Class H Certificates, Class H-S Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-2SFL Regular Interest or the Class A-3SFL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-2SFL Regular Interest or the Class A-3SFL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Middle-Tier Principal Amount of the Uncertificated Middle-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to any Distribution Date, (i) any Certificate Deferred Interest determined to be allocable to Mortgage Loans in Loan Group R shall be allocated first to the Class L-RQ Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero and then, to the Class L-RB Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero, and (ii) any Certificate Deferred Interest determined to be allocable to Mortgage Loans in Loan Group S shall be allocated first to the Class L-SQ Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero, and then to the Class L-SB Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero. On each Distribution Date, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Ldp9), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Ldp9)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates, sixth, to the Class B Certificates, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-C13)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class A-2FL Certificates, the Class X Certificates and the Residual Certificates) and the Class A-2FL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or Class A-2FL Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second, secondto the Class Q Certificates, third, to the Class P Certificates, fourth, to the Class O Certificates; fifth, to the Class N Certificates; sixth, to the Class M Certificates; seventh, to the Class L Certificates; eighth, to the Class K Certificates; ninth, to the Class J Certificates; tenth, to the Class H Certificates; eleventh, to the Class G Certificates, twelfth, to the Class F Certificates, thirdthirteenth, to the Class E Certificates, fourthfourteenth, to the Class D Certificates, fifthfifteenth, to the Class C Certificates, sixthsixteenth, to the Class B Certificates, seventhseventeenth, to the Class A-S J Certificates, eighteenth, to the Class A-M Certificates and then nineteenth, pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates and the Class A-2FL Regular Interest (and correspondingly the Class A-2FL Certificates, ) in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Certificate Deferred Interest allocated to the Class A-2FL Regular Interest will, by virtue of such allocation, be allocated to the Class A-2FL Certificates. On each Distribution Date, the amount of interest distributable to the Class HG Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Houston Galleria Trust Subordinate Companion Loan for the Due Date occurring in the related Due Period, such Mortgage Deferred Interest to be allocated, first, to the Class HG-5 Certificates, second, to the Class HG-4 Certificates, third, to the Class HG-3 Certificates, fourth, to the Class HG-2 Certificates and fifth, to the Class HG-1 Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2FL Regular Interest, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class O Certificates, Class P Certificates, Class Q Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-2FL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, fourth, to the Class LA-1-4 Uncertificated Interest and fifth, to the Class LA-1-5 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2FL Regular Interest, first to the Class LA-2FL-1 Uncertificated Interest, second, to the Class LA-2FL-2 Uncertificated Interest, and third, to the Class LA-2FL-3 Uncertificated Interest, in each case, until reduced to zero; (iv) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest and second, to the Class LA-2-2 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, and second, to the Class LA-3-2 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, sixth, to the Class LA-4-6 Uncertificated Interest and seventh, to the Class LA-4-7 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, second, to the Class LG-2 Uncertificated Interest, and third, to the Class LG-3 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class J Certificates, first, to the Class LJ-1 Uncertificated Interest, second, to the Class LJ-2 Uncertificated Interest and third, to the Class LJ-3 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, second, to the Class LK-2 Uncertificated Interest and third, to the Class LK-3 Uncertificated Interest, in each case, until reduced to zero, (xii) the Class L Certificates, first, to the Class LL-1 Uncertificated Interest, and second, to the Class LL-2 Uncertificated Interest, in each case, until reduced to zero, (xiii) the Class M Certificates, first, to the Class LM-1 Uncertificated Interest, and second, to the Class LM-2 Uncertificated Interest, in each case, until reduced to zero and (xiv) the Class Q Certificates, first, to the Class LQ-1 Uncertificated Interest, and second, to the Class LQ-2 Uncertificated Interest, in each case, until reduced to zero.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-2FL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, fourth, to the Class LA-1-4 Uncertificated Interest, and fifth, to the Class LA-1-5 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2FL Regular Interest, first, to the Class LA-2FL-1 Uncertificated Interest, second, to the Class LA-2FL-2 Uncertificated Interest, and third, to the Class LA-2FL-3 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, and second, to the Class LA-2-2 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, and second, to the Class LA-3-2 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, sixth, to the Class LA-4-6 Uncertificated Interest and seventh, to the Class LA-4-7 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, second, to the Class LG-2 Uncertificated Interest, and third, to the Class LG-3 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest, and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class J Certificates, first, to the Class LJ-1 Uncertificated Interest, second, to the Class LJ-2 Uncertificated Interest, and third, to the Class LJ-3 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, second, to the Class LK-2 Uncertificated Interest and third, to the Class LK-3 Uncertificated Interest, in each case, until reduced to zero, (xii) the Class L Certificates, first, to the Class LL-1 Uncertificated Interest, and second, to the Class LL-2 Uncertificated Interest, in each case, until reduced to zero, (xiii) the Class M Certificates, first, to the Class LM-1 Uncertificated Interest, and second, to the Class LM-2 Uncertificated Interest, in each case, until reduced to zero and (xiv) the Class Q Certificates, first, to the Class LQ-1 Uncertificated Interest, and second, to the Class LQ-2 Uncertificated Interest, in each case, until reduced to zero. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Lower Tier Principal Amount of the Uncertificated Lower-Lower Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (JPMorgan Chase Commercial Mortgage Securities Corp. Series 2005-Ldp5), Pooling and Servicing Agreement (JPMorgan Chase Commercial Mortgage Securities Corp. Series 2005-Ldp5)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F G Certificates, third, to the Class E F Certificates, fourth, to the Class D E Certificates, fifth, to the Class C D Certificates, sixth, to the Class B C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), eighth, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1A-0, Xxxxx X-0, Class A-2, Class A-3, Class A-4, Class A-5 A-3 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C8)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F G Certificates, third, to the Class E F Certificates, fourth, to the Class D E Certificates, fifth, to the Class C D Certificates, sixth, to the Class B C Certificates, seventh, to the Class B Certificates, eighth, to the Class A-S Certificates, Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-3 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2011-C5)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR J Certificates, secondsecond to the Class I Certificates, third to the Class H Certificates, fourth to the Class G Certificates, fifth to the Class F Certificates, third, sixth to the Class E Certificates, fourth, seventh to the Class D Certificates, fifth, eighth to the Class C Certificates, sixth, ; ninth to the Class B CertificatesCertificates and tenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1 and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesB, Class A-4 CertificatesC, Class A-5 CertificatesD, Class A-SB CertificatesE, Class A-S CertificatesF, Class B CertificatesG, Class C CertificatesH, Class D Certificates, Class E Certificates, Class F Certificates I and Class NR J Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.. [End of Article IV]
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Chase Commercial Mortgage Securities Corp), Pooling and Servicing Agreement (Chase Commercial Mortgage Securities Corp)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F G Certificates, third, to the Class E F Certificates, fourth, to the Class D E Certificates, fifth, to the Class C D Certificates, sixth, to the Class B C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), eighth, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Lc9), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Lc9)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X A-2SFL, Class A-JFL, Class X, Class S, Class R, Class MR and Class LR Certificates) and the Class A-2SFL Regular Interest and the Class A-JFL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or such Class of Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second to the Class P Certificates; third to the Class N Certificates; fourth to the Class M Certificates; fifth to the Class L Certificates; sixth to the Class K Certificates; seventh to the Class J Certificates; eighth, secondto the Class H Certificates and the Class H-S Certificates, pro rata (based upon their respective Certificate Balances); ninth, to the Class G Certificates and Class G-S Certificates, pro rata (based upon their respective Certificate Balances); tenth, to the Class F Certificates and the Class F-S Certificates, thirdpro rata (based upon their respective Certificate Balances); eleventh, to the Class E Certificates and the Class E-S Certificates, fourthpro rata (based upon their respective Certificate Balances); twelfth, to the Class D Certificates and the Class D-S Certificates, fifthpro rata (based upon their respective Certificate Balances); thirteenth, to the Class C Certificates and the Class C-S Certificates, sixth, pro rata (based upon their respective Certificate Balances); fourteenth to the Class B Certificates and the Class B-S Certificates, seventhpro rata (based upon their respective Certificate Balances); fifteenth to the Class A-J Certificates, the Class A-JS Certificates and the Class A-JFL Regular Interest, pro rata (based upon their respective Certificate Balances); sixteenth, to the Class A-S M Certificates and Class A-MS Certificates, and then pro rata (based upon Accrued their respective Certificate InterestBalances) and seventeenth to the Class A-1A-1 Certificates, Class A-2A-1S Certificates, Class A-3A-2 Certificates, Class A-4A-2S Certificates, Class A-5 A-3 Certificates, Class A-3S Certificates, Class A-1A Certificates and Class A-SB CertificatesA-2SFL Regular Interest, pro rata (based upon their respective Certificate Balances), in each case up to the respective Accrued Certificate Interest for each such Class of Certificates or the Class A-2SFL Regular Interest for such Distribution Date. Certificate Deferred Interest allocated to the Class A-2SFL Regular Interest and Class A-JFL Regular Interest will, by virtue of such allocation, be allocated to the Class A-2SFL Certificates and Class A-JFL Certificates, respectively.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-1S Certificates, Class A-2 Certificates, Class A-2S Certificates, Class A-2SFL Regular Interest (and correspondingly the Class A-2SFL Certificates), Class A-3 Certificates, Class A-4 A-3S Certificates, Class A-5 A-1A Certificates, Class A-SB M Certificates, Class A-S MS Certificates, Class A-J Certificates, Class A-JFL Regular Interest (and correspondingly the Class A-JFL Certificates), Class A-JS Certificates, Class B Certificates, Class B-S Certificates, Class C Certificates, Class C-S Certificates, Class D Certificates, Class D-S Certificates, Class E Certificates, Class E-S Certificates, Class F Certificates, Class F-S Certificates, Class G Certificates, Class G-S Certificates, Class H Certificates, Class H-S Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-2SFL Regular Interest or the Class A-JFL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-2SFL Regular Interest or the Class A-JFL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Middle-Tier Principal Amount of the Uncertificated Middle-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to any Distribution Date, (i) any Certificate Deferred Interest determined to be allocable to Mortgage Loans in Loan Group R shall be allocated first to the Class L-RQ Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero and then, to the Class L-RB Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero, and (ii) any Certificate Deferred Interest determined to be allocable to Mortgage Loans in Loan Group S shall be allocated first to the Class L-SQ Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero, and then to the Class L-SB Uncertificated Interest in reduction of the amount of interest distributable thereon until reduced to zero. On each Distribution Date, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Ldp10), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Ldp10)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class H Certificate, third, to the Class G Certificates, fourth, to the Class F Certificates, thirdfifth, to the Class E Certificates, fourthsixth, to the Class D Certificates, fifthseventh, to the Class C Certificates, sixtheighth, to the Class B Certificates, seventhninth, to the Class A-S Certificates, Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-3 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C6), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-C6)
Certificate Deferred Interest. (a) On each Distribution Date, (i) the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F G Certificates, third, to the Class E F Certificates, fourth, to the Class D E Certificates, fifth, to the Class C D Certificates, sixth, to the Class B C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), eighth, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3A-3A1, Class A-4A-3A2, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date; and (ii) the amount of interest distributable to the Class UHP Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Trust Companion Loan for the Due Date occurring in the related Due Period allocated to the Class UHP Certificates, such Mortgage Deferred Interest to be allocated to the Class UHP Certificates as Class UHP Certificate Deferred Interest, up to the Class UHP Accrued Certificate Interest for the Class UHP Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 A-3A1 Certificates, Class A-3A2 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a4.06(a)(i) above and the Certificate Balance of the Class UHP Certificates shall be increased by the amount of Class UHP Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a)(ii) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C23), Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C22)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR I Certificates, secondsecond to the Class H Certificates, third to the Class G Certificates, fourth to the Class F Certificates, third, fifth to the Class E Certificates, fourth, sixth to the Class D Certificates, fifth, seventh to the Class C Certificates, sixth, ; eighth to the Class B CertificatesCertificates and ninth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1 and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesB, Class A-4 CertificatesC, Class A-5 CertificatesD, Class A-SB CertificatesE, Class A-S CertificatesF, Class B CertificatesG, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates H and Class NR I Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.. [End of Article IV]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Commercial Mortgage Securities Corp)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F P Certificates, third, to the Class E N Certificates, fourth, to the Class D M Certificates, fifth, to the Class C L Certificates, sixth, to the Class B K Certificates, seventh, to the Class J Certificates, eighth, to the Class H Certificates, ninth, to the Class G Certificates, tenth, to the Class F Certificates, eleventh, to the Class E Certificates, twelfth, to the Class D Certificates, thirteenth, to the Class C Certificates, fourteenth, to the Class B Certificates, fifteenth, to the Class A-S J Certificates, sixteenth, to the Class A-M Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2A-1A, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 A-1A Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.. [End of Article IV]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Cibc17)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F P Certificates, third, to the Class E N Certificates, fourth, to the Class D M Certificates, fifth, to the Class C L Certificates, sixth, to the Class B K Certificates, seventh, to the Class J Certificates, eighth, to the Class H Certificates, ninth, to the Class G Certificates, tenth, to the Class F Certificates, eleventh, to the Class E Certificates, twelfth, to the Class D Certificates, thirteenth, to the Class C Certificates, fourteenth, to the Class B Certificates, fifteenth, to the Class A-S J Certificates, sixteenth, to the Class A-M Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2A-1A, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 A-1A Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates will be allocated first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, and third, to the Class LA-1-3 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates will be allocated, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-3 Certificates will be allocated first, to the Class LA-3-1 Uncertificated Interest, second, to the Class LA-3-2 Uncertificated Interest, and third, to the Class LA-3-3 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-4 Certificates will be allocated, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, sixth, to the Class LA-4-6 Uncertificated Interest, seventh, to the Class LA-4-7 Uncertificated Interest, eighth, to the Class LA-4-8 Uncertificated Interest, ninth, to the Class LA-4-9 Uncertificated Interest, tenth, to the Class LA-4-10 Uncertificated Interest, and eleventh, to the Class LA-1A-11 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-SB Certificates will be allocated first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class C Certificates will be allocated first, to the Class LC-1 Uncertificated Interest, and second, to the Class LC-2 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates will be allocated first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, and third, to the Class LD-3 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates will be allocated first, to the Class LE-1 Uncertificated Interest, second, to the Class LE-2 Uncertificated Interest, and third, to the Class LE-3 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates will be allocated first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates will be allocated first, to the Class LG-1 Uncertificated Interest, and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates will be allocated first, to the Class LH-1 Uncertificated Interest, and second, to the Class LH-2 Uncertificated Interest, in each case, until reduced to zero, and (xii) the Class K Certificates will be allocated first, to the LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero).
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates will be allocated first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, and third, to the Class LA-1-3 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates will be allocated first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-3 Certificates will be allocated first, to the Class LA-3-1 Uncertificated Interest, second, to the Class LA-3-2 Uncertificated Interest, and third, to the Class LA-3-3 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-4 Certificates will be allocated first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, sixth, to the Class LA-4-6 Uncertificated Interest, seventh, to the Class LA-4-7 Uncertificated Interest, eighth, to the Class LA-4-8 Uncertificated Interest, ninth, to the Class LA-4-9 Uncertificated Interest, tenth, to the Class LA-4-10 Uncertificated Interest, and eleventh, to the Class LA-4-11 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-SB Certificates will be allocated first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class C Certificates will be allocated first, to the Class LA-C-1 Uncertificated Interest, and second, to the Class C-2 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates will be allocated first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, and third, to the Class LD-3 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates will be allocated first, to the Class LE-1 Uncertificated Interest, second, to the Class LE-2 Uncertificated Interest, and third, to the Class LE-3 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates will be allocated first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates will be allocated first, to the Class LG-1 Uncertificated Interest, and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates will be allocated first, to the Class LH-1 Uncertificated Interest, and second, to the Class LH-2 Uncertificated Interest, in each case, until reduced to zero, and (xii) the Class K Certificates will be allocated first, to the LK-1 Uncertificated Interest, and second, to the the Class LK-2 Uncertificated Interest, in each case, until reduced to zero); provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Cibc15)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Majority Mortgage Loans and the Newport Senior Component for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or Newport Senior Component, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, secondsecond to the Class N Certificates, third to the Class M Certificates, fourth to the Class L Certificates, fifth to the Class K Certificates, sixth to the Class J Certificates, seventh to the Class H Certificates, eighth to the Class G Certificates, ninth to the Class F Certificates, third, tenth to the Class E Certificates, fourth, eleventh to the Class D Certificates, fifth, twelfth to the Class C Certificates, sixth, thirteenth to the Class B Certificates, seventhand fourteenth, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-2 and Class A-SB A-3 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. On each Distribution Date, the amount of interest distributable to the Class NC Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Newport Mortgage Loan for the Due Date occurring in the related Due Period allocated to such Class of Certificates, such Mortgage Deferred Interest to be allocated first to the Class NC-2 Certificates, second to the Class NC-1 Certificates, and third to the Newport Senior Component, which will be allocated to the Regular Certificates in the priority set forth in the preceding sentence.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 A-1, Class A-2, Class A-3, Class B, Class C, Class D, Class E, Class F, Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class NR, Class NC-1 and Class NC-2 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. Certificate Deferred Interest allocated to the Class A-3 Certificates will be allocated, first, to the Class LA-3-2 Uncertificated Interest and, second, to the Class LA-3-1 Uncertificated Interest, and Certificate Deferred Interest allocated to the Class F Certificates will be allocated, first, to the Class F-2 Uncertificated Interest and, second, to the Class F-1 Uncertificated Interest; provided that no such allocation shall be made in respect of the portion of such interest repre`senting the related X-1 Strip Rate or Class X-2 Strip Rate.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto and, if applicable to the Related Loan REMIC Regular Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests and, if applicable, the Loan REMIC Principal Amount of the Loan REMIC Regular Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) Any Mortgage Deferred Interest for the Newport Mortgage Loan shall be allocated in reduction of the amount of interest distributable to, and will be added to the Loan REMIC Principal Amount of, the Loan REMIC Regular Interests, first, to the Class KNC-2 Uncertificated Interest; second, to the Class KNC-1 Uncertificated Interest; and third, to the Loan REMIC Senior Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Majority Mortgage Loans and the Simon Pooled Component for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or Simon Pooled Component, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, secondsecond to the Class N Certificates, third to the Class M Certificates, fourth to the Class L Certificates, fifth to the Class K Certificates, sixth to the Class J Certificates, seventh to the Class H Certificates, eighth to the Class G Certificates, ninth to the Class F Certificates, third, ; tenth to the Class E Certificates, fourth, eleventh to the Class D Certificates, fifth, ; twelfth to the Class C Certificates, sixth, ; thirteenth to the Class B Certificates, seventhand fourteenth, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1 and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. On each Distribution Date, the amount of interest distributable to the Class S Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Simon Mortgage Loan for the Due Date occurring in the related Due Period, such Mortgage Deferred Interest to be allocated first to the Class S-3 Certificates, second to the Class S-2 Certificates, third to the Class S-1 Certificates, and fourth to the Simon Pooled Component, which amounts allocated to the Simon Pooled Component will be allocated to the Regular Certificates in the priority set forth in the preceding sentence.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesB, Class A-4 CertificatesC, Class A-5 CertificatesD, Class A-SB CertificatesE, Class A-S CertificatesF, Class B CertificatesG, Class C CertificatesH, Class D CertificatesJ, Class E CertificatesK, Class F Certificates L, Class M and Class NR Certificates Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocable to (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest, the Class LA-1-5 Uncertificated Interest and the Class LA-1-6 Uncertificated Interest, (ii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest and the Class LA-2-2 Uncertificated Interest, (iii) the Class G Certificates will be allocable to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (iv) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest, the Class LH-2 Uncertificated Interest and the Class LH-3 Uncertificated Interest and (v) the Class J Certificates will be allocable to the LJ-1 Uncertificated Interest and the Class LJ-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest, the Class LA-1-5 Uncertificated Interest and the Class LA-1-6 Uncertificated Interest, (ii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest and the Class LA-2-2 Uncertificated Interest, (iii) the Class G Certificates will be allocable to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (iv) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest, the Class LH-2 Uncertificated Interest and the Class LH-3 Uncertificated Interest and (v) the Class J Certificates will be allocated to the Class LJ-1 Uncertificated Interest and the Class LJ-2 Uncertificated Interest, in each case pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) Any Mortgage Deferred Interest for the Simon Mortgage Loan shall be allocated in reduction of the amount of interest distributable to, and will be added to the Loan REMIC Principal Amount of, the Loan REMIC Regular Interests, first to the Class KS-3 Uncertificated Interest; second to the Class KS-2 Uncertificated Interest; third to the Class KS-1 Uncertificated Interest; and fourth to the Loan REMIC Senior Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Com Mort Sec Corp Pas THR CRT Ser 2002 Cibc5)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X X, Class S, Class R and Class LR Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second, secondto the Class P Certificates; third, to the Class N Certificates; fourth, to the Class M Certificates; fifth, to the Class L Certificates; sixth, to the Class K Certificates; seventh, to the Class J Certificates; eighth, to the Class H Certificates; ninth, to the Class G Certificates; tenth, to the Class F Certificates, third; eleventh, to the Class E Certificates, fourth; twelfth, to the Class D Certificates, fifth; thirteenth, to the Class C Certificates, sixth; fourteenth, to the Class B Certificates, seventh; fifteenth, to the Class A-S J Certificates; sixteenth, to the Class A-M Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-1A, Class A-2, Class A-3A-3A, Class A-4A-3B, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 A-3A Certificates, Class A-3B Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest, and third, to the Class LA-2-3 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-3B Regular Interest, first, to the Class LA-3B-1 Uncertificated Interest, second, to the Class LA-3B-2 Uncertificated Interest, third, to the Class LA-3B-3 Uncertificated Interest, fourth, to the Class LA-3B-4 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, sixth, to the Class LA-4-6 Uncertificated Interest, and seventh, to the Class LA-4-7 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, sixth, to the Class LA-SB-6 Uncertificated Interest, and seventh, to the Class LA-SB-7 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest, and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest, and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero and (xii) the Class J Certificates, first, to the Class LJ-1 Uncertificated Interest, and second, to the Class LJ-2 Uncertificated Interest, in each case, until reduced to zero).
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, and third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest and third, to the Class LA-2-3 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-3B Certificates, first, to the Class LA-3B-1 Uncertificated Interest, second, to the Class LA-3B-2 Uncertificated Interest, third, to the Class LA-3B-3 Uncertificated Interest, and fourth, to the Class LA-3B-4 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, sixth, to the Class LA-4-6 Uncertificated Interest, and seventh, to the Class LA-4-7 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest,, sixth, to the Class LA-SB-6 Uncertificated Interest, and seventh, to the Class LA-SB-7 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest, and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest, and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero, and (xii) the Class J Certificates, first, to the Class LJ-1 Uncertificated Interest, and second, to the Class LJ-2 Uncertificated Interest, in each case, until reduced to zero); provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (JP Morgan Chase Commercial Mortgage Securities Trust 2006-Cibc14)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X [X] Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR [H] Certificates, second, second to the Class F [G] Certificates, third, third to the Class E [F] Certificates, fourth, fourth to the Class D [E] Certificates, fifth, fifth to the Class C [D] Certificates, sixth, sixth to the Class B [C] Certificates, seventh, seventh to the Class A-S Certificates[B] Certificates and eighth, and then pro rata (based upon Accrued Certificate Interest) ), to the Class [A-1, Class A-2, Class A-3, Class A-4, Class A-5 ] and Class A-SB [A-2] Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates[A-1], Class A-2 Certificates[A-2], Class A-3 Certificates[B], Class A-4 Certificates[C], Class A-5 Certificates[D], Class A-SB Certificates[E], Class A-S Certificates[F], Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates [G] and Class NR [H] Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.. [End of Article IV] 108
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X and Component Mortgage Loan Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Majority Mortgage Loans and each Pooled Component for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or Pooled Component, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, secondsecond to the Class N Certificates, third to the Class M Certificates, fourth to the Class L Certificates, fifth to the Class K Certificates, sixth to the Class J Certificates, seventh to the Class H Certificates, eighth to the Class G Certificates, ninth to the Class F Certificates, third, ; tenth to the Class E Certificates, fourth, eleventh to the Class D Certificates, fifth, ; twelfth to the Class C Certificates, sixth, ; thirteenth to the Class B CertificatesCertificates and fourteenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1 and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. On each Distribution Date, the amount of interest distributable to the Class BM Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Battlefield Mall Mortgage Loan for the Due Date occurring in the related Due Period, such Mortgage Deferred Interest to be allocated first to the Class BM-3 Certificates, second to the Class BM-2 Certificates, third to the Class BM-1 Certificates and fourth to the Battlefield Mall Pooled Component, which amounts allocated to the Battlefield Mall Pooled Component will be allocated to the Regular Certificates in the priority set forth in the preceding sentence. On each Distribution Date, the amount of interest distributable to the Class AC Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Alliance Center Mortgage Loan for the Due Date occurring in the related Due Period, such Mortgage Deferred Interest to be allocated first to the Class AC-3 Certificates, second to the Class AC-2 Certificates, third to the Class AC-1 Certificates and fourth to the Alliance Center Pooled Component, which amounts allocated to the Alliance Center Pooled Component will be allocated to the Regular Certificates in the priority set forth in the second preceding sentence.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesB, Class A-4 CertificatesC, Class A-5 CertificatesD, Class A-SB CertificatesE, Class A-S CertificatesF, Class B CertificatesG, Class C CertificatesH, Class D CertificatesJ, Class E CertificatesK, Class F Certificates L, Class M, Class N and Class NR Certificates Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest and the Class LA-1-5 Uncertificated Interest, (ii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest and the Class LA-2-4 Uncertificated Interest, (iii) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (iv) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (v) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest, the Class LH-2 Uncertificated Interest and the Class LH-3 Uncertificated Interest and (vi) the Class K Certificates will be allocated to the LK-1 Uncertificated Interest and the Class LK-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest and the Class LA-1-5 Uncertificated Interest, (ii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest and the Class LA-2-4 Uncertificated Interest, (iii) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (iv) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (v) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest, the Class LH-2 Uncertificated Interest and the Class LH-3 Uncertificated Interest and (vi) the Class K Certificates will be allocated to the Class LK-1 Uncertificated Interest and the Class LK-2 Uncertificated Interest, in each case pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) Any Mortgage Deferred Interest for the Battlefield Mall Mortgage Loan shall be allocated in reduction of the amount of interest distributable to, and will be added to the Loan REMIC Principal Amount of, the Loan REMIC Regular Interests, first to the Class KBM-3 Uncertificated Interest; second to the Class KBM-2 Uncertificated Interest; third to the Class KBM-1 Uncertificated Interest and fourth to the Loan REMIC BM Pooled Regular Interest. Any Mortgage Deferred Interest for the Alliance Center Mortgage Loan shall be allocated in reduction of the amount of interest distributable to, and will be added to the Loan REMIC Principal Amount of, the Loan REMIC Regular Interests, first to the Class KAC-3 Uncertificated Interest; second to the Class KAC-2 Uncertificated Interest; third to the Class KAC-1 Uncertificated Interest and fourth to the Loan REMIC AC Pooled Regular Interest. Mortgage Deferred Interest allocated to the Loan REMIC Non-Pooled Regular Interests pursuant to the two preceding sentences will be allocated as Certificate Deferred Interest in reduction of the amount of interest distributable to, and will be added to the Lower-Tier Principal Amount of, the Related Uncertificated Lower-Tier Interests.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Com Sec Corp Pass Thru Cert Ser 2003-Cibc6)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second, secondto the Class O Certificates; third, to the Class N Certificates; fourth, to the Class M Certificates; fifth, to the Class L Certificates; sixth, to the Class K Certificates; seventh, to the Class J Certificates; eighth, to the Class H Certificates; ninth, to the Class G Certificates, tenth, to the Class F Certificates, thirdeleventh, to the Class E Certificates, fourthtwelfth, to the Class D Certificates, fifththirteenth, to the Class C Certificates, sixthfourteenth, to the Class B Certificates, seventhfifteenth, to the Class A-S J Certificates, and then sixteenth, pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4A-4A, Class A-5 A-4B and Class A-SB Certificates, Certificates in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date; provided that Mortgage Deferred Interest for the Class A-4A and Class A-4B Certificates will be allocated first to the Class A-4B Certificates, and then to the Class A-4A Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 A-4A Certificates, Class A-5 A-4B Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class O Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest, third, to the Class LA-2-3 Uncertificated Interest, and fourth, to the Class LA-2-4 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, second, to the Class LA-3-2 Uncertificated Interest, third, to the Class LA-3-3 Uncertificated Interest, fourth, to the Class LA-3-4 Uncertificated Interest, fifth, to the Class LA-3-5 Uncertificated Interest, sixth, to the Class LA-3-6 Uncertificated Interest and seventh, to the Class LA-3-7 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-4A Certificates, first, to the Class LA-4A-1 Uncertificated Interest, second, to the Class LA-4A-2 Uncertificated Interest and third, to the Class LA-4A-3 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates, first to the Class LD-1 Uncertificated Interest, second to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest, and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero and (xii) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest, third, to the Class LA-2-3 Uncertificated Interest, and fourth, to the Class LA-2-4 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, second, to the Class LA-3-2 Uncertificated Interest, third, to the Class LA-3-3 Uncertificated Interest, fourth, to the Class LA-3-4 Uncertificated Interest, fifth, to the Class LA-3-5 Uncertificated Interest, sixth, to the Class LA-3-6 Uncertificated Interest and seventh, to the Class LA-3-7 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-4A Certificates, first, to the Class LA-4A-1 Uncertificated Interest, second, to the Class LA-4A-2 Uncertificated Interest and third, to the Class LA-4A-3 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest, and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero and (xii) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Lower Tier Principal Amount of the Uncertificated Lower-Lower Tier Interests in the same manner priority as the interest thereon was reduced pursuant to the preceding sentence.
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Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X and Class RP Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Majority Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, second, ; second to the Class P Certificates; third to the Class N Certificates; fourth to the Class M Certificates; fifth to the Class L Certificates; sixth to the Class K Certificates; seventh to the Class J Certificates; eighth to the Class H Certificates; ninth to the Class G Certificates; tenth to the Class F Certificates, third, ; eleventh to the Class E Certificates, fourth, ; twelfth to the Class D Certificates, fifth, ; thirteenth to the Class C Certificates, sixth, fourteenth to the Class B CertificatesCertificates and fifteenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2A-1A, Class A-3, Class A-4, Class A-5 A-2 and Class A-SB A-3 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. On each Distribution Date, the amount of interest distributable to the Class RP Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Republic Plaza Mortgage Loan for the Due Date occurring in the related Due Period, such Mortgage Deferred Interest to be allocated in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date first to the Class RP-5 Certificates, second to the Class RP-4 Certificates, third to the Class RP-3 Certificates, fourth to the Class RP-2 Certificates, fifth to the Class RP-1 Certificates and sixth, to the Republic Plaza Pooled Component, which amounts allocated to the Republic Plaza Pooled Component will be allocated to the Regular Certificates in the priority set forth in the preceding sentence.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesA-3, Class A-4 CertificatesA-1A, Class A-5 CertificatesB, Class A-SB CertificatesC, Class A-S CertificatesD, Class B CertificatesE, Class C CertificatesF, Class D CertificatesG, Class E CertificatesH, Class F Certificates J, Class K, Class L, Class M, Class N, Class P and Class NR Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date, the Certificate Balances of the Class RP-1, Class RP-2, Class RP-3, Class RP-4 and Class RP-5 Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) Any Mortgage Deferred Interest of the Republic Plaza Mortgage Loan shall be allocated in reduction of the amount of interest distributable to, and will be added to the Loan REMIC Principal Amount of, the Loan REMIC Regular Interests, first to the Class KRP-5 Uncertificated Interest; second to the Class KRP-4 Uncertificated Interest; third to the Class KRP-3 Uncertificated Interest; fourth to the Class KRP-2 Uncertificated Interest and fifth to the Class KRP-1 Uncertificated Interest. Mortgage Deferred Interest allocated to the Loan REMIC Non-Pooled Regular Interests pursuant to the preceding sentence will be allocated as Certificate Deferred Interest in reduction of the amount of interest distributable to, and will be added to the Lower-Tier Principal Amount of, the Related Uncertificated Lower-Tier Interests as set forth in subsections (b) and (c) of this Section 4.06 above.
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Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, second, ; second to the Class Q Certificates; third to the Class P Certificates; fourth to the Class N Certificates; fifth to the Class M Certificates; sixth to the Class L Certificates; seventh to the Class K Certificates; eighth to the Class J Certificates; ninth to the Class H Certificates; tenth to the Class G Certificates; eleventh to the Class F Certificates, third, ; twelfth to the Class E Certificates, fourth, thirteenth to the Class D Certificates, fifth, fourteenth to the Class C Certificates, sixth, fifteenth to the Class B Certificates, seventh, sixteenth to the Class A-S J Certificates, and then seventeenth pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4, A-4 and Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesA-3, Class A-4 CertificatesA-4, Class A-5 CertificatesA-5, Class A-1A, Class A-SB CertificatesJ, Class A-S CertificatesB, Class B CertificatesC, Class C CertificatesD, Class D CertificatesE, Class E CertificatesF, Class F Certificates G, Class H, Class J, Class K, Class L, Class M, Class N, Class P, Class Q and Class NR Certificates Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, Class LA-1-3 Uncertificated Interest and Class LA-1-4 Uncertificated Interest, (ii) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest, the Class LA-1A-8 Uncertificated Interest, the Class LA-1A-9 Uncertificated Interest, the Class LA-1A-10 Uncertificated Interest, the Class LA-1A-11 Uncertificated Interest, the Class LA-1A-12 Uncertificated Interest, the Class LA-1A-13 Uncertificated Interest, the Class LA-1A-14 Uncertificated Interest and the Class LA-1A-15 Uncertificated Interest, (iii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest and the Class LA-2-2 Uncertificated Interest, (iii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest and the Class LA-2-2 Uncertificated Interest, (iv) the Class A-3 Certificates will be allocated to the Class LA-3-1 Uncertificated Interest, the Class LA-3-2 Uncertificated Interest, the Class LA-3-3 Uncertificated Interest, the Class LA-3-4 Uncertificated Interest, the Class LA-3-5 Uncertificated Interest and the Class LA-3-6 Uncertificated Interest, (v) the Class A-4 Certificates will be allocated to the Class LA-4-1 Uncertificated Interest, the Class LA-4-2 Uncertificated Interest, the Class LA-4-3 Uncertificated Interest and the Class LA-4-4 Uncertificated Interest, (vi) the Class A-5 Certificates will be allocated to the Class LA-5-1 Uncertificated Interest, the Class LA-5-2 Uncertificated Interest and the Class LA-5-3 Uncertificated Interest, (vii) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (viii) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest, the Class LG-2 Uncertificated Interest, the Class LG-3 Uncertificated Interest and the Class LG-4 Uncertificated Interest, (ix) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest, (x) the Class J Certificates will be allocated to the Class LJ-1 Uncertificated Interest, the Class LJ-2 Uncertificated Interest and the Class LJ-3 Uncertificated Interest, and (xi) the Class L Certificates will be allocated to the LL-1 Uncertificated Interest and the Class LL-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date).
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest and the Class LA-1-4 Uncertificated Interest Uncertificated Interest, (ii) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest, the Class LA-1A-8 Uncertificated Interest, the Class LA-1A-9 Uncertificated Interest, the Class LA-1A-10 Uncertificated Interest, the Class LA-1A-11 Uncertificated Interest, the Class LA-1A-12 Uncertificated Interest, the Class LA-1A-13 Uncertificated Interest, the Class LA-1A-14 Uncertificated Interest and the Class LA-1A-15 Uncertificated Interest, (iii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest and the Class LA-2-2 Uncertificated Interest, (iv) the Class A-3 Certificates will be allocated to the Class LA-3-1 Uncertificated Interest, the Class LA-3-2 Uncertificated Interest, the Class LA-3-3 Uncertificated Interest, the Class LA-3-4 Uncertificated Interest, the Class LA-3-5 Uncertificated Interest and the Class LA-3-6 Uncertificated Interest (v) the Class A-4 Certificates will be allocated to the Class LA-4-1 Uncertificated Interest, the Class LA-4-2 Uncertificated Interest, the Class LA-4-3 Uncertificated Interest and the Class LA-4-4 Uncertificated Interest, (vi) the Class A-5 Certificates will be allocated to the Class LA-5-1 Uncertificated Interest, the Class LA-5-2 Uncertificated Interest and the Class LA-5-3 Uncertificated Interest, (vii) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (viii) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest, the Class LG-2 Uncertificated Interest, the Class LG-3 Uncertificated Interest and the Class LG-4 Uncertificated Interest (ix) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest, (x) the Class J Certificates will be allocated to the Class LJ-1 Uncertificated Interest, the Class LJ-2 Uncertificated Interest, the Class LJ-3 Uncertificated Interest and (viii) the Class L Certificates will be allocated to the LL-1 Uncertificated Interest and the Class LL-2 Uncertificated Interest, in each case, pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
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Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class A-2FL and the Class X Certificates and the Residual Certificates) and the Class A-2FL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or the Class A-2FL Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second, secondto the Class P Certificates; third, to the Class N Certificates; fourth, to the Class M Certificates; fifth, to the Class L Certificates; sixth, to the Class K Certificates; seventh, to the Class J Certificates; eighth, to the Class H Certificates; ninth, to the Class G Certificates, tenth, to the Class F Certificates, thirdeleventh, to the Class E Certificates, fourthtwelfth, to the Class D Certificates, fifththirteenth, to the Class C Certificates, sixthfourteenth, to the Class B Certificates, seventhfifteenth, to the Class A-S J Certificates, sixteenth, to the Class A-M Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-1A, Class A-2, Class A-3A-3A1, Class A-4A-3A2, Class A-5 A-4 and Class A-SB Certificates and the Class A-2FL Regular Interest (and correspondingly to the Class A-2FL Certificates), in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Certificate Deferred Interest allocated to the Class A-2FL Regular Interest will, by virtue of such allocation, be allocated to the Class A-2FL Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 A-2FL Regular Interest, Class A-3A1 Certificates, Class A-3A2 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-2FL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, and second, to the Class LA-2-2 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-2FL Regular Interest, first, to the Class LA-2FL-1 Uncertificated Interest, and second, to the Class LA-2FL-2 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-3A1 Certificates, first, to the Class LA-3A1-1 Uncertificated Interest, second, to the Class LA-3A1-2 Uncertificated Interest, third, to the Class LA-3A1-3 Uncertificated Interest and fourth, to the Class LA-3A1-4 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-3A2 Certificates, first, to the Class LA-3A2-1 Uncertificated Interest, second, to the Class LA-3A2-2 Uncertificated Interest, and third, to the Class LA-3A2-3 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, and sixth, to the Class LA-4-6 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (x) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest, and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (xii) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, second, to the Class LG-2 Uncertificated Interest and third, to the Class LG-3 Uncertificated Interest, in each case, until reduced to zero, (xiii) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, and second, to the Class LH-2 Uncertificated Interest, in each case, until reduced to zero, (xiv) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero and (xv) the Class M Certificates, first, to the Class LM-1 Uncertificated Interest, and second, to the Class LM-2 Uncertificated Interest, in each case, until reduced to zero.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-2FL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, and second, to the Class LA-2-2 Uncertificated Interest, in each case, until reduced to zero (iv) the Class A-2FL Regular Interest, first, to the Class LA-2FL-1 Uncertificated Interest, and second, to the Class LA-2FL-2 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-3A1 Certificates, first, to the Class LA-3A1-1 Uncertificated Interest, second, to the Class LA-3A1-2 Uncertificated Interest, third, to the Class LA-3A1-3 Uncertificated Interest and fourth, to the Class LA-3A1-4 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-3A2 Certificates, first, to the Class LA-3A2-1 Uncertificated Interest, second, to the Class LA-3A2-2 Uncertificated Interest, and third, to the Class LA-3A2-3 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class A-4 Certificates, first, to the Class LA-4-1 Uncertificated Interest, second, to the Class LA-4-2 Uncertificated Interest, third, to the Class LA-4-3 Uncertificated Interest, fourth, to the Class LA-4-4 Uncertificated Interest, fifth, to the Class LA-4-5 Uncertificated Interest, and sixth, to the Class LA-4-6 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (x) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest, and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (xii) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest, second, to the Class LG-2 Uncertificated Interest and third, to the Class LG-3 Uncertificated Interest, in each case, until reduced to zero, (xiii) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, and second, to the Class LH-2 Uncertificated Interest, in each case, until reduced to zero, (xiv) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero and (xv) the Class M Certificates, first, to the Class LM-1 Uncertificated Interest, and second, to the Class LM-2 Uncertificated Interest, in each case, until reduced to zero; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR K Certificates, secondsecond to the Class J Certificates, third to the Class I Certificates, fourth to the Class H Certificates, fifth to the Class G Certificates, sixth to the Class F Certificates, third, seventh to the Class E Certificates, fourth, eighth to the Class D Certificates, fifth, ; ninth to the Class C Certificates, sixthtenth, to the Class B Certificates, seventhand eleventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1 and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesB, Class A-4 CertificatesC, Class A-5 CertificatesD, Class A-SB CertificatesE, Class A-S CertificatesF, Class B CertificatesG, Class C CertificatesH, Class D CertificatesI, Class E Certificates, Class F Certificates J and Class NR K Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, secondsecond to the Class P Certificates, third to the Class N Certificates, fourth to the Class M Certificates, fifth to the Class L Certificates, sixth to the Class K Certificates, seventh to the Class J Certificates, eighth to the Class H Certificates; ninth to the Class G Certificates, tenth to the Class F Certificates, third, ; eleventh to the Class E Certificates, fourth, ; twelfth to the Class D Certificates, fifththirteenth, to the Class C Certificates, sixth; fourteenth, to the Class B Certificates; and fifteenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB A-1A Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesA-3, Class A-4 CertificatesA-4, Class A-5 CertificatesA-1A, Class A-SB CertificatesB, Class A-S CertificatesC, Class B CertificatesD, Class C CertificatesE, Class D CertificatesF, Class E CertificatesG, Class F Certificates H, Class J, Class K, Class L, Class M, Class N, Class P and Class NR Certificates Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a4.05(a) above. On each Distribution Date the Certificate Deferred Interest allocable to (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest and the Class LA-1-3 Uncertificated Interest, (ii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest and the Class LA-2-3 Uncertificated Interest, (iii) the Class A-3 Certificates will be allocated to the Class LA-3-1 Uncertificated Interest and the Class LA-3-2 Uncertificated Interest, (iv) the Class A-4 Certificates will be allocated to the Class LA-4-1 Uncertificated Interest and the Class LA-4-2 Uncertificated Interest, (v) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest and the Class LA-1A-8 Uncertificated Interest, (vi) the Class G Certificates will be allocable to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (vii) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest, (viii) the Class J Certificates will be allocated to the Class LJ-1 Uncertificated Interest and the Class LJ-2 Uncertificated Interest and (ix) the Class L Certificates will be allocated to the Class LL-1 Uncertificated Interest and the Class LL-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a4.05(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest and the Class LA-1-3 Uncertificated Interest, (ii) the Class A-2 Certificates, will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest and the Class LA-2-3 Uncertificated Interest, (iii) the Class A-3 Certificates, will be allocated to the Class LA-3-1 Uncertificated Interest and the Class LA-3-2 Uncertificated Interest, (iv) the Class A-4 Certificates, will be allocated to the Class LA-4-1 Uncertificated Interest and the Class LA-4-2 Uncertificated Interest, (v) the Class A-1A Certificates, will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest and the Class LA-1A-8 Uncertificated Interest, (vi) the Class G Certificates, will be allocable to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (vii) the Class H Certificates, will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest, (viii) the Class J Certificates, will be allocated to the Class LJ-1 Uncertificated Interest and the Class LJ-2 Uncertificated Interest and (ix) the Class L Certificates, will be allocated to the Class LL-1 Uncertificated Interest and the Class LL-2 Uncertificated Interest, in each case pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates4.05(b), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Comm Mort Pass THR Certs Ser 2003-Pm1)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class A-JFL and Class X Certificates) and the Class A-JFL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or the Class A-JFL Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, second, ; second to the Class P Certificates; third to the Class N Certificates; fourth to the Class M Certificates; fifth to the Class L Certificates; sixth to the Class K Certificates; seventh to the Class J Certificates; eighth to the Class H Certificates; ninth to the Class G Certificates; tenth to the Class F Certificates, third, ; eleventh to the Class E Certificates, fourth, twelfth to the Class D Certificates, fifth, thirteenth to the Class C Certificates, sixth, fourteenth to the Class B Certificates, seventh, fifteenth to the Class A-S J Certificates and the Class A-JFL Regular Interest (and correspondingly to the Class A-JFL Certificates), and then sixteenth pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S J Certificates, Class A-JFL Regular Interest, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-JFL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, Class LA-1-3 Uncertificated Interest and Class LA-1-4 Uncertificated Interest, (ii) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest, the Class LA-1A-8 Uncertificated Interest, the Class LA-1A-9 Uncertificated Interest, the Class LA-1A-10 Uncertificated Interest, the Class LA-1A-11 Uncertificated Interest, the Class LA-1A-12 Uncertificated Interest, the Class LA-1A-13 Uncertificated Interest, the Class LA-1A-14 Uncertificated Interest and the Class LA-1A-15 Uncertificated Interest, (iii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest, the Class LA-2-4 Uncertificated Interest, the Class LA-2-5 Uncertificated Interest and the Class LA-2-6 Uncertificated Interest, (iv) the Class A-3 Certificates will be allocated to the Class LA-3-1 Uncertificated Interest and the Class LA-3-2 Uncertificated Interest, (v) the Class A-4 Certificates will be allocated to the Class LA-4-1 Uncertificated Interest, the Class LA-4-2 Uncertificated Interest, the Class LA-4-3 Uncertificated Interest, the Class LA-4-4 Uncertificated Interest, the Class LA-4-5 Uncertificated Interest and the Class LA-4-6 Uncertificated Interest, (vi) the Class A-SB Certificates will be allocated to the Class LA-SB-1 Uncertificated Interest, the Class LA-SB-2 Uncertificated Interest, the Class LA-SB-3 Uncertificated Interest and the Class LA-SB-4 Uncertificated Interest, the Class LA-SB-5 Uncertificated Interest and the Class LA-SB-6 Uncertificated Interest, (vii) the Class C Certificates will be allocated to the Class LC-1 Uncertificated Interest and the Class LC-2 Uncertificated Interest, (viii) the Class D Certificates will be allocated to the Class LD-1 Uncertificated Interest, the Class LD-2 Uncertificated Interest and the Class LD-3 Uncertificated Interest, (ix) the Class E Certificates will be allocated to the Class LE-1 Uncertificated Interest, the Class LE-2 Uncertificated Interest and the Class LE-3 Uncertificated Interest, (x) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (xi) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (xii) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest, the Class LH-2 Uncertificated Interest and the Class LH-3 Uncertificated Interest, and (xiii) the Class K Certificates will be allocated to the LK-1 Uncertificated Interest and the Class LK-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date).
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-JFL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest and the Class LA-1-4 Uncertificated Interest Uncertificated Interest, (ii) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest, the Class LA-1A-8 Uncertificated Interest, the Class LA-1A-9 Uncertificated Interest, the Class LA-1A-10 Uncertificated Interest, the Class LA-1A-11 Uncertificated Interest, the Class LA-1A-12 Uncertificated Interest, the Class LA-1A-13 Uncertificated Interest, the Class LA-1A-14 Uncertificated Interest and the Class LA-1A-15 Uncertificated Interest, (iii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest, the Class LA-2-4 Uncertificated Interest, the Class LA-2-5 Uncertificated Interest and the Class LA-2-6 Uncertificated Interest, (iv) the Class A-3 Certificates will be allocated to the Class LA-3-1 Uncertificated Interest and the Class LA-3-2 Uncertificated Interest, (v) the Class A-4 Certificates will be allocated to the Class LA-4-1 Uncertificated Interest, the Class LA-4-2 Uncertificated Interest, the Class LA-4-3 Uncertificated Interest, the Class LA-4-4 Uncertificated Interest, the Class LA-4-5 Uncertificated Interest and the Class LA-4-6 Uncertificated Interest, (vi) the Class A-SB Certificates will be allocated to the Class LA-SB-1 Uncertificated Interest, the Class LA-SB-2 Uncertificated Interest, the Class LA-SB-3 Uncertificated Interest, the Class LA-SB-4 Uncertificated Interest, the Class LA-SB-5 Uncertificated Interest and the Class LA-SB-6 Uncertificated Interest, (vii) the Class C Certificates will be allocated to the Class LC-1 Uncertificated Interest and the Class LC-2 Uncertificated Interest, (viii) the Class D Certificates will be allocated to the Class LD-1 Uncertificated Interest, the Class LD-2 Uncertificated Interest and the Class LD-3 Uncertificated Interest, (ix) the Class E Certificates will be allocated to the Class LE-1 Uncertificated Interest, the Class LE-2 Uncertificated Interest and the Class LE-3 Uncertificated Interest, (x) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (xi) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (xii) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest, the Class LH-2 Uncertificated Interest and the Class LH-3 Uncertificated Interest, and (xiii) the Class K Certificates will be allocated to the LK-1 Uncertificated Interest and the Class LK-2 Uncertificated Interest, in each case, pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Q Certificates, third, to the Class E P Certificates, fourth, to the Class D N Certificates, fifth, to the Class C M Certificates, sixth, to the Class B L Certificates, seventh, to the Class K Certificates, eighth, to the Class J Certificates, ninth, to the Class H Certificates, tenth, to the Class G Certificates, eleventh, to the Class F Certificates, twelfth, to the Class E Certificates, thirteenth, to the Class D Certificates, fourteenth, to the Class C Certificates, fifteenth, to the Class B Certificates, sixteenth, to the Class A-S J Certificates, seventeenth, to the Class A-M Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-1A, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-1A Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates, Class Q Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.. [End of Article IV]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Cibc19)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, secondsecond to the Class P Certificates, third to the Class N Certificates, fourth to the Class M Certificates, fifth to the Class L Certificates, sixth to the Class K Certificates, seventh to the Class J Certificates, eighth to the Class H Certificates; ninth to the Class G Certificates, tenth to the Class F Certificates, third, ; eleventh to the Class E Certificates, fourth, ; twelfth to the Class D Certificates, fifththirteenth, to the Class C Certificates, sixth; fourteenth, to the Class B Certificates; and fifteenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-4 and Class A-SB A-1A Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesA-3, Class A-4 CertificatesA-4, Class A-5 CertificatesA-1A, Class A-SB CertificatesB, Class A-S CertificatesC, Class B CertificatesD, Class C CertificatesE, Class D CertificatesF, Class E CertificatesG, Class F Certificates H, Class J, Class K, Class L, Class M, Class N, Class P and Class NR Certificates Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a4.05(a) above. On each Distribution Date, the Certificate Deferred Interest so allocated will be allocated to the Related Uncertificated Lower-Tier Interests, and in the case of (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest and the Class LA-1-3 Uncertificated Interest, (ii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest, the Class LA-2-4 Uncertificated Interest and the Class LA-2-5 Uncertificated Interest, (iii) the Class A-4 Certificates will be allocated to the Class LA-4-1 Uncertificated Interest and the Class LA-4-2 Uncertificated Interest, (iv) the Class A-1A Certificates will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest and the Class LA-1A-8 Uncertificated Interest, (v) the Class E Certificates will be allocable to the Class LE-1 Uncertificated Interest and the Class LE-2 Uncertificated Interest, (vi) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (vii) the Class G Certificates will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest (viii) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest and (ix) the Class K Certificates will be allocated to the Class LK-1 Uncertificated Interest and the Class LK-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a4.05(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest and the Class LA-1-3 Uncertificated Interest, (ii) the Class A-2 Certificates, will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest, the Class LA-2-4 Uncertificated Interest and the Class LA-2-5 Uncertificated Interest, (iii) the Class A-4 Certificates, will be allocated to the Class LA-4-1 Uncertificated Interest and the Class LA-4-2 Uncertificated Interest, (iv) the Class A-1A Certificates, will be allocated to the Class LA-1A-1 Uncertificated Interest, the Class LA-1A-2 Uncertificated Interest, the Class LA-1A-3 Uncertificated Interest, the Class LA-1A-4 Uncertificated Interest, the Class LA-1A-5 Uncertificated Interest, the Class LA-1A-6 Uncertificated Interest, the Class LA-1A-7 Uncertificated Interest and the Class LA-1A-8 Uncertificated Interest, (v) the Class E Certificates, will be allocated to the Class LE-1 Uncertificated Interest and the Class LE-2 Uncertificated Interest, (vi) the Class F Certificates, will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (vii) the Class G Certificates, will be allocated to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (viii) the Class H Certificates, will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest, and (ix) the Class K Certificates, will be allocated to the Class LK-1 Uncertificated Interest and the Class LK-2 Uncertificated Interest, in each case pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates4.05(b), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Jp Mortgage Chase Comm Mort Pass THR Certs Ser 2004-Cibc8)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Majority Mortgage Loans and the Simon Pooled Component for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or Simon Pooled Component, such Mortgage Deferred Interest to be allocated first, first to the Class NR Certificates, secondsecond to the Class N Certificates, third to the Class M Certificates, fourth to the Class L Certificates, fifth to the Class K Certificates, sixth to the Class J Certificates, seventh to the Class H Certificates, eighth to the Class G Certificates; ninth to the Class F Certificates, third, tenth to the Class E Certificates, fourth, ; eleventh to the Class D Certificates, fifth, ; twelfth to the Class C Certificates, sixththirteenth, to the Class B Certificates; and fourteenth, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) ), to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 A-1 and Class A-SB A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. On each Distribution Date, the amount of interest distributable to the Class SP Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Simon Mortgage Loan for the Due Date occurring in the related Due Period allocated to such Class of Certificates, such Mortgage Deferred Interest to be allocated first to the Class SP-3 Certificates, second to the Class SP-2 Certificates, third to the Class SP-1 Certificates, and fourth to the Simon Pooled Component, which will be allocated to the Regular Certificates in the priority set forth in the preceding sentence. On each Distribution Date, the amount of interest distributable to the Class WM Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the Walgreens Mortgage Loan for the Due Date occurring in the related Due Period allocated to the Class WM Certificates, such Mortgage Deferred Interest to be allocated: first to the Class WM Certificates, and second to the Walgreens Pooled Component, which will be allocated to the Regular Certificates in the priority set forth in the second preceding sentence.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 CertificatesB, Class A-4 CertificatesC, Class A-5 CertificatesD, Class A-SB CertificatesE, Class A-S CertificatesF, Class B CertificatesG, Class C CertificatesH, Class D CertificatesJ, Class E CertificatesK, Class F Certificates L, Class M, Class N and Class NR Certificates Certificates, shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a4.05(a) above. On each Distribution Date the Certificate Deferred Interest allocable to (i) the Class A-1 Certificates will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest and the Class LA-2-5 Uncertificated Interest, (ii) the Class A-2 Certificates will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest and the Class LA-2-4 Uncertificated Interest, (iii) the Class F Certificates will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (iv) the Class G Certificates will be allocable to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (v) the Class H Certificates will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest, and (vi) the Class J Certificates will be allocated to the Class LJ-1 Uncertificated Interest and the Class LJ-2 Uncertificated Interest, in each case pro rata, based upon the Certificate Balance of such Uncertificated Lower-Tier Interests immediately prior to such Distribution Date.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a4.05(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, will be allocated to the Class LA-1-1 Uncertificated Interest, the Class LA-1-2 Uncertificated Interest, the Class LA-1-3 Uncertificated Interest, the Class LA-1-4 Uncertificated Interest and the Class LA-1-5 Uncertificated Interest, (ii) the Class A-2 Certificates, will be allocated to the Class LA-2-1 Uncertificated Interest, the Class LA-2-2 Uncertificated Interest, the Class LA-2-3 Uncertificated Interest and the Class LA-2-4 Uncertificated Interest, (iii) the Class F Certificates, will be allocated to the Class LF-1 Uncertificated Interest and the Class LF-2 Uncertificated Interest, (iv) the Class G Certificates, will be allocable to the Class LG-1 Uncertificated Interest and the Class LG-2 Uncertificated Interest, (v) the Class H Certificates, will be allocated to the Class LH-1 Uncertificated Interest and the Class LH-2 Uncertificated Interest, and (vi) the Class J Certificates, will be allocated to the Class LJ-1 Uncertificated Interest and the Class LJ-2 Uncertificated Interest, in each case pro rata, based on interest accrued at the Pass-Through Rate for the Related Certificates; provided, that no such allocation shall be made in respect of the portion of such interest representing the related Class X-1 Strip Rate or Class X-2 Strip Rate. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates4.05(b), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) Any Mortgage Deferred Interest for the Simon Mortgage Loan shall be allocated in reduction of the amount of interest distributable to, and will be added to the Simon Loan REMIC Principal Amount of, the Simon Loan REMIC Regular Interests, first, to the Class KSP-3 Uncertificated Interest; second, to the Class KSP-2 Uncertificated Interest; third, to the Class KSP-1 Uncertificated Interest; and fourth, to the Simon Loan REMIC Pooled Regular Interest. Any Mortgage Deferred Interest allocated to the Class KSP-1, Class KSP 2 or Class KSP-3 Uncertificated Interests shall be allocated in reduction of the amount of interest distributed to, and will be added to the Lower-Tier Principal Amount of the Class LSP-1, Class LSP-2 or Class LSP-3 Uncertificated Interests, respectively.
(e) Any Mortgage Deferred Interest for the Walgreens Mortgage Loan shall be allocated in reduction of the amount of interest distributable to, and will be added to the Walgreens Loan REMIC Principal Amount of, the Walgreens Loan REMIC Regular Interests, first, to the Class JWM Uncertificated Interest; and second, to the Walgreens Loan REMIC Pooled Regular Interest. Any Mortgage Deferred Interest allocated to the Class JWM Uncertificated Interest shall be allocated in reduction of the amount of interest distributed to, and will be added to the Lower-Tier Principal Amount of the Class LWM Uncertificated Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Com Mort Sec Corp Pas THR Cer Ser 2002-C2)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X [X] Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, first to the Class NR [H] Certificates, second, second to the Class F [G] Certificates, third, third to the Class E [F] Certificates, fourth, fourth to the Class D [E] Certificates, fifth, fifth to the Class C [D] Certificates, sixth, sixth to the Class B [C] Certificates, seventh, seventh to the Class A-S Certificates[B] Certificates and eighth, and then pro rata (based upon Accrued Certificate Interest) ), to the Class [A-1, Class A-2, Class A-3, Class A-4, Class A-5 ] and Class A-SB [A-2] Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates[A-1], Class A-2 Certificates[A-2], Class A-3 Certificates[B], Class A-4 Certificates[C], Class A-5 Certificates[D], Class A-SB Certificates[E], Class A-S Certificates[F], Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates [G] and Class NR [H] Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.. [END OF ARTICLE IV]
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Jp Morgan Chase Commercial Mortgage Securities Corp)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X S, Class X-PP1, Class X-PP2, Class R and Class LR Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second to the Class T Certificates; third to the Class Q Certificates; fourth to the Class P Certificates; fifth to the Class N Certificates; sixth to the Class M Certificates; seventh to the Class L Certificates; eighth to the Class K Certificates; ninth to the Class J Certificates; tenth, secondto the Class H Certificates; eleventh, to the Class G Certificates; twelfth, to the Class F Certificates, third; thirteenth, to the Class E Certificates, fourth; fourteenth, to the Class D Certificates, fifth; fifteenth, to the Class C Certificates, sixth, ; sixteenth to the Class B Certificates, seventh; seventeenth to the Class A-J Certificates; eighteenth, to the Class A-S M Certificates and nineteenth to the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-SB Certificates and then Class A-1A Certificates, pro rata (based upon Accrued their respective Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB CertificatesBalances), in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates, Class Q Certificates, Class T Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Ldp12)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X X, Class A-2FX and Class A-2FL Certificates) and the Class A-2FL/2FX Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or the Class A-2FL/2FX Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates, sixth, to the Class B Certificates, seventh, to the Class A-S Certificates, and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB CertificatesCertificates and the Class A-2FL/2FX Regular Interest, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Any Certificate Deferred Interest allocated to the Class A-2FL/2FX Regular Interest on any Distribution Date shall be allocated between the Class A-2FX and Class A-2FL Certificates, pro rata, in accordance with their respective Certificate Balances.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-2FL/2FX Regular Interest, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. Any Certificate Deferred Interest allocated to the Class A-2FL/2FX Regular Interest on any Distribution Date to increase its Certificate Balance shall be allocated, pro rata (based upon their Certificate Balances immediately prior to the related Distribution Date) between the Class A-2FX and Class A-2FL Certificates and increase the related Certificate Balance of such Class of Certificates.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates (other than the Class A-2FX and Class A-2FL Certificates) or the Class A-2FL/2FX Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2013-C15)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second, secondto the Class O Certificates; third, to the Class N Certificates; fourth, to the Class M Certificates; fifth, to the Class L Certificates; sixth, to the Class K Certificates; seventh, to the Class J Certificates; eighth, to the Class H Certificates; ninth, to the Class G Certificates, tenth, to the Class F Certificates, thirdeleventh, to the Class E Certificates, fourthtwelfth, to the Class D Certificates, fifththirteenth, to the Class C Certificates, sixthfourteenth, to the Class B Certificates, seventhfifteenth, to the Class A-S J Certificates, and then sixteenth, pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4A-4A, Class A-5 A-4B and Class A-SB Certificates, Certificates in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date; provided that Mortgage Deferred Interest for the Class A-4A and Class A-4B Certificates will be allocated first to the Class A-4B Certificates, and then to the Class A-4A Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 A-4A Certificates, Class A-5 A-4B Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class O Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above. On each Distribution Date the Certificate Deferred Interest allocated to the Related Uncertificated Lower-Tier Interest (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest, third, to the Class LA-2-3 Uncertificated Interest, and fourth, to the Class LA-2-4 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, second, to the Class LA-3-2 Uncertificated Interest, third, to the Class LA-3-3 Uncertificated Interest, fourth, to the Class LA-3-4 Uncertificated Interest, fifth, to the Class LA-3-5 Uncertificated Interest, sixth, to the Class LA-3-6 Uncertificated Interest and seventh, to the Class LA-3-7 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-4A Certificates, first, to the Class LA-4A-1 Uncertificated Interest, second, to the Class LA-4A-2 Uncertificated Interest and third, to the Class LA-4A-3 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest, and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero and (xii) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of (i) the Class A-1 Certificates, first, to the Class LA-1-1 Uncertificated Interest, second, to the Class LA-1-2 Uncertificated Interest, third, to the Class LA-1-3 Uncertificated Interest, and fourth, to the Class LA-1-4 Uncertificated Interest, in each case, until reduced to zero, (ii) the Class A-1A Certificates, first, to the Class LA-1A-1 Uncertificated Interest, second, to the Class LA-1A-2 Uncertificated Interest, third, to the Class LA-1A-3 Uncertificated Interest, fourth, to the Class LA-1A-4 Uncertificated Interest, fifth, to the Class LA-1A-5 Uncertificated Interest, sixth, to the Class LA-1A-6 Uncertificated Interest, seventh, to the Class LA-1A-7 Uncertificated Interest, eighth, to the Class LA-1A-8 Uncertificated Interest, ninth, to the Class LA-1A-9 Uncertificated Interest, tenth, to the Class LA-1A-10 Uncertificated Interest, eleventh, to the Class LA-1A-11 Uncertificated Interest, twelfth, to the Class LA-1A-12 Uncertificated Interest, thirteenth, to the Class LA-1A-13 Uncertificated Interest, fourteenth, to the Class LA-1A-14 Uncertificated Interest, and fifteenth, to the Class LA-1A-15 Uncertificated Interest, in each case, until reduced to zero, (iii) the Class A-2 Certificates, first, to the Class LA-2-1 Uncertificated Interest, second, to the Class LA-2-2 Uncertificated Interest, third, to the Class LA-2-3 Uncertificated Interest, and fourth, to the Class LA-2-4 Uncertificated Interest, in each case, until reduced to zero, (iv) the Class A-3 Certificates, first, to the Class LA-3-1 Uncertificated Interest, second, to the Class LA-3-2 Uncertificated Interest, third, to the Class LA-3-3 Uncertificated Interest, fourth, to the Class LA-3-4 Uncertificated Interest, fifth, to the Class LA-3-5 Uncertificated Interest, sixth, to the Class LA-3-6 Uncertificated Interest and seventh, to the Class LA-3-7 Uncertificated Interest, in each case, until reduced to zero, (v) the Class A-4A Certificates, first, to the Class LA-4A-1 Uncertificated Interest, second, to the Class LA-4A-2 Uncertificated Interest and third, to the Class LA-4A-3 Uncertificated Interest, in each case, until reduced to zero, (vi) the Class A-SB Certificates, first, to the Class LA-SB-1 Uncertificated Interest, second, to the Class LA-SB-2 Uncertificated Interest, third, to the Class LA-SB-3 Uncertificated Interest, fourth, to the Class LA-SB-4 Uncertificated Interest, fifth, to the Class LA-SB-5 Uncertificated Interest, and sixth, to the Class LA-SB-6 Uncertificated Interest, in each case, until reduced to zero, (vii) the Class D Certificates, first, to the Class LD-1 Uncertificated Interest, second, to the Class LD-2 Uncertificated Interest, third, to the Class LD-3 Uncertificated Interest, and fourth, to the Class LD-4 Uncertificated Interest, in each case, until reduced to zero, (viii) the Class E Certificates, first, to the Class LE-1 Uncertificated Interest and second, to the Class LE-2 Uncertificated Interest, in each case, until reduced to zero, (ix) the Class F Certificates, first, to the Class LF-1 Uncertificated Interest, second, to the Class LF-2 Uncertificated Interest, and third, to the Class LF-3 Uncertificated Interest, in each case, until reduced to zero, (x) the Class G Certificates, first, to the Class LG-1 Uncertificated Interest and second, to the Class LG-2 Uncertificated Interest, in each case, until reduced to zero, (xi) the Class H Certificates, first, to the Class LH-1 Uncertificated Interest, second, to the Class LH-2 Uncertificated Interest and third, to the Class LH-3 Uncertificated Interest, in each case, until reduced to zero and (xii) the Class K Certificates, first, to the Class LK-1 Uncertificated Interest, and second, to the Class LK-2 Uncertificated Interest, in each case, until reduced to zero. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Lower Tier Principal Amount of the Uncertificated Lower-Lower Tier Interests in the same manner priority as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X A-3FL, Class X, Class S, Class R and Class LR Certificates) and the Class A-3FL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or Class A-3FL Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates; second, secondto the Class Q Certificates; third, to the Class P Certificates; fourth, to the Class N Certificates; fifth, to the Class M Certificates; sixth, to the Class L Certificates; seventh, to the Class K Certificates; eighth, to the Class J Certificates; ninth, to the Class H Certificates; tenth, to the Class G Certificates; eleventh, to the Class F Certificates, third; twelfth, to the Class E Certificates, fourth; thirteenth, to the Class D Certificates, fifth; fourteenth, to the Class C Certificates, sixth; fifteenth, to the Class B Certificates, seventh; sixteenth, to the Class A-S J Certificates; seventeenth, to the Class A-M Certificates and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-1A, Class A-2, Class A-3A-3A, Class A-4A-3B, Class A-5 A-4 and Class A-SB CertificatesCertificates and the Class A-3FL Regular Interest, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Certificate Deferred Interest allocated to the Class A-3FL Regular Interest will, by virtue of such allocation, be allocated to the Class A-3FL Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 A-3FL Regular Interest (and correspondingly the Class A-3FL Certificates), Class A-3A Certificates, Class A-3B Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates, Class Q Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-3FL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-3FL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-Ldp7)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class A-MFL and Class X Certificates) and the Class A-MFL Regular Interest shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates or the Class A-MFL Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F T Certificates, third, to the Class E Q Certificates, fourth, to the Class D P Certificates, fifth, to the Class C N Certificates, sixth, to the Class B M Certificates, seventh, to the Class L Certificates, eighth, to the Class K Certificates, ninth, to the Class J Certificates, tenth, to the Class H Certificates, eleventh, to the Class G Certificates, twelfth, to the Class F Certificates, thirteenth, to the Class E Certificates, fourteenth, to the Class D Certificates, fifteenth, to the Class C Certificates, sixteenth, to the Class B Certificates, seventeenth, to the Class A-S J Certificates, eighteenth, to the Class A-MFL Regular Interest and the Class A-M Certificates, pro rata, and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4, Class A-5 and Class A-SB and Class A-1A Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date. Certificate Deferred Interest allocated to the Class A-MFL Regular Interest will, by virtue of such allocation, be allocated to the Class A-MFL Certificates.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-1A Certificates, Class A-S M Certificates, Class A-MFL Regular Interest (and correspondingly the Class A-MFL Certificates), Class A-J Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates, Class G Certificates, Class H Certificates, Class J Certificates, Class K Certificates, Class L Certificates, Class M Certificates, Class N Certificates, Class P Certificates, Class Q Certificates, Class T Certificates and Class NR Certificates shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates or the Class A-MFL Regular Interest, as applicable, on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates or the Class A-MFL Regular Interest, as applicable, shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests Interest with respect theretothereto (in the case of each of (i) the Class LA-1A-1, Class LA-1A-2, Class LA-1A-3, Class LA-1A-4, Class LA-1A-5, Class LA-1A-6, Class LA-1A-7, Class LA-1A-8, Class LA-1A-9, Class LA-1A-10, Class LA-1A-11, Class LA-1A-12, Class LA-1A-13, Class LA-1A-14 and Class LA-1A-15 Uncertificated Interests, (ii) the Class LA-2-1, Class LA-2-2 and Class LA-2-3 Uncertificated Interests, (iii) the Class LA-3-1, Class LA-3-2, Class LA-3-3, Class LA-3-4 and Class LA-3-5 Uncertificated Interests, (iv) the Class LA-4-1, Class LA-4-2, Class LA-4-3, Class LA-4-4, Class LA-4-5, Class LA-4-6, Class LA-4-7, Class LA-4-8 and Class LA-4-9 Uncertificated Interests, (v) the Class LA-SB-1, Class LA-SB-2, Class LA-SB-3, Class LA-SB-4, Class LA-SB-5, Class LA-SB-6 and Class LA-SB-7 Uncertificated Interests, (vi) the Class LE-1 and Class LE-2 Uncertificated Interests, (vii) the Class LF-1 and Class LF-2 Uncertificated Interests, (viii) the Class LG-1, Class LG-2 and Class LG-3 Uncertificated Interests, (ix) the Class LH-1 and Class LH-2 Uncertificated Interests, (x) the Class LJ-1, Class LJ-2 and Class LJ-3 Uncertificated Interests, (xi) the Class LK-1 and Class LK-2 Uncertificated Interests, (xii) the Class LL-1 and Class LL-2 Uncertificated Interests, (xiii) the Class LM-1 and Class LM-2 Uncertificated Interests, (xiv) the Class LP-1 and Class LP-2 Uncertificated Interests, (xv) the Class LNR-1, Class LNR-2 and Class LNR-3 Uncertificated Interests, pro rata, based on their respective Certificate Balances). On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-Cibc20)
Certificate Deferred Interest. (a) On each Distribution Date, (i) the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR Certificates, second, to the Class F Certificates, third, to the Class E Certificates, fourth, to the Class D Certificates, fifth, to the Class C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), sixth, to the Class B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh, to the Class A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and then pro rata (based upon Accrued Certificate Interest) to the Class A-1, Class A-2, Class A-3, Class A-4A-4A1, Class A-4A2, Class A-5 and Class A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date and (ii) the amount of interest distributable to the Class ESK Certificates shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for the ESK Companion Loan for the Due Date occurring in the related Due Period allocated to the Class ESK Certificates, such Mortgage Deferred Interest to be allocated to the Class ESK Certificates (the “Class ESK Certificate Deferred Interest”) up to the Class ESK Accrued Certificate Interest for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 A-4A1 Certificates, Class A-4A2 Certificates, Class A-5 Certificates, Class A-SB Certificates, Class A-S Certificates, Class B Certificates, Class C Certificates, Class D Certificates, Class E Certificates, Class F Certificates and Class NR Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates) shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a4.06(a)(i) above, and the Certificate Balance of the Class ESK Certificates shall be increased by the amount of the Class ESK Certificate Deferred Interest allocated to the Class ESK Certificates on such Distribution Date pursuant to Section 4.06(a)(ii) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interests with respect thereto. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates, Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
(d) With respect to each Class of Exchangeable Certificates and the Class EC Certificates, for purposes of determining allocations and distributions under Section 4.06(a) of this Agreement as between the Exchangeable Certificates and the Class EC Certificates, all amounts of Certificate Deferred Interest of each Class of Exchangeable Certificates for any Distribution Date shall be determined without regard to any exchange of such Exchangeable Certificates for Class EC Certificates; provided, however, that all amounts of Certificate Deferred Interest that would otherwise be allocable to Exchangeable Certificates that have been exchanged and converted for Class EC Certificates shall be deemed allocated to such Class EC Certificates, without duplication.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (JPMBB Commercial Mortgage Securities Trust 2014-C24)
Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of Regular Certificates (other than the Class X Certificates) shall be reduced by an amount equal to the amount of Mortgage Deferred Interest for all Mortgage Loans for the Due Dates occurring in the related Due Period allocated to such Class of Certificates Certificates, such Mortgage Deferred Interest to be allocated first, to the Class NR T Certificates, second, to the Class F Q Certificates, third, to the Class E P Certificates, fourth, to the Class D O Certificates, fifth, to the Class C N Certificates, sixth, to the Class B M Certificates, seventh, to the Class L Certificates, eighth, to the Class K Certificates, ninth, to the Class J Certificates, tenth, to the Class H Certificates, eleventh, to the Class G Certificates, twelfth, to the Class F Certificates, thirteenth, to the Class E Certificates; fourteenth, to the Class D Certificates, fifteenth, to the Class C Certificates, sixteenth, to the Class B Certificates, seventeenth, to the Class A-S CertificatesJ Certificates and the Class A-JFL Regular Interest, pro rata, eighteenth, to the Class A-M Certificates and the Class A-MFL Regular Interest, pro rata, and then nineteenth, pro rata (based upon Accrued Certificate Interest) ), to the Class A-1A-1 Certificates, Class A-2A-2 Certificates, Class A-3A-3 Certificates, Class A-4, Class A-5 and Class A-SB AB Certificates, Class A-4 Certificates and Class A-1A Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.
(b) On each Distribution Date, the Certificate Balances of the Class A-1 CertificatesA-1, Class A-2 CertificatesA-2, Class A-3 Certificates, Class A-4 Certificates, Class A-5 CertificatesA-3, Class A-SB CertificatesAB, Class A-4, Class A-1A, Class A-S CertificatesM, Class B CertificatesA-X, Xxxxx X, Xlass C, Class C CertificatesD, Class D CertificatesE, Class E CertificatesF, Class F G, Class H, Class J, Class K, Class L, Class M, Class N, Class O, Class P, Class Q and Class T Certificates and the Class NR Certificates A-MFL Regular Interest and Class A-JFL Regular Interest shall be increased by the amount of the Certificate Deferred Interest allocated to such Class of Certificates on such Distribution Date pursuant to Section 4.06(a) above.
(c) With respect to any Distribution Date, any Certificate Deferred Interest with respect to such Distribution Date allocated pursuant to Section 4.06(a) to a Class of Principal Balance Certificates shall be allocated in reduction of the amount of interest distributable to the Related Uncertificated Lower-Tier Interest or Interests with respect theretothereto (with respect to the Related Uncertificated Lower-Tier Interests of each of the Class A-1, Class A-1A, Class A-2, Class A-3, Class A-4, Class D, Class E, Class F, Class G, Class H, Class J, Xxxxx X xxx Xlass L Certificates, in each case, pro rata based on interest accrued, among the Related Uncertificated Lower-Tier Interests of each of such Classes) and in each case without regard to the related Class X-C Strip Rate or Class X-P Strip Rate. On each Distribution Date, to the extent provided in Section 4.06(b) with respect to the Related Certificates), Certificate Deferred Interest will be added to the Lower-Tier Principal Amount of the Uncertificated Lower-Tier Interests in the same manner as the interest thereon was reduced pursuant to the preceding sentence.
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Samples: Pooling and Servicing Agreement (GE Commercial Mortgage Corporation, Series 2007-C1 Trust)
