Common use of Certificate Deferred Interest Clause in Contracts

Certificate Deferred Interest. (a) On each Distribution Date, the amount of interest distributable to a Class of 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 [H] Certificates, second to the Class [G] Certificates, third to the Class [F] Certificates, fourth to the Class [E] Certificates, fifth to the Class [D] Certificates, sixth to the Class [C] Certificates, seventh to the Class [B] Certificates and eighth, pro rata (based upon Accrued Certificate Interest), to the Class [A-1] and Class [A-2] Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc), Pooling and Servicing Agreement (Ge Commercial Mortgage Corp), Pooling and Servicing Agreement (Ge Capital Commercial Mortgage Corp)

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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] 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 [H] NR Certificates, second second, to the Class [G] F Certificates, third third, to the Class [F] E Certificates, fourth fourth, to the Class [E] D Certificates, fifth fifth, to the Class [D] C Certificates, sixth sixth, to the Class [C] B Certificates, seventh seventh, to the Class [B] Certificates A-S Certificates, and eighth, 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-2] A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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 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, such Mortgage Deferred Interest to be allocated first to the Class [H] M Certificates, second to the Class [G] L Certificates, third to the Class [F] K Certificates, fourth to the Class [E] J Certificates, fifth to the Class [D] I Certificates, sixth to the Class [C] H Certificates, seventh to the Class [B] Certificates G Certificates, eighth to the Class F Certificates; ninth to the Class E Certificates, tenth to the Class D Certificates; eleventh to the Class C Certificates; twelfth to the Class B Certificates, and eighththirteenth, pro rata (based upon Accrued Certificate Interest), to the Class [A-1] A-1 and Class [A-2] A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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 Manhattan Bk First Union Na Bk Com Mor Tr Ser 1999-1), Pooling and Servicing Agreement (Chase Commercial Mort Sec Corp Com Mor Pa Th Ce Ser 2000-2)

Certificate Deferred Interest. (a) (i) 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 (or, with respect to the Componentized Mortgage Loans, to the extent allocable to the related Pooled Component pursuant to clause (ii) below) for the Due Dates occurring in the related Due Period allocated to such Class of Certificates, such Mortgage Deferred Interest to be allocated first first, to the Class [H] NR Certificates, second second, to the Class [G] F Certificates, third third, to the Class [F] E Certificates, fourth fourth, to the Class [E] D Certificates, fifth fifth, to the Class [D] C Certificates, sixth sixth, to the Class [C] B Certificates, seventh seventh, to the Class [B] Certificates A-S Certificates, and eighth, 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-2] A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11), Pooling and Servicing Agreement (J.P. Morgan Chase Commercial Mortgage Securities Trust 2013-Lc11)

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 [H] NR Certificates, second second, to the Class [G] G Certificates, third third, to the Class [F] F Certificates, fourth fourth, to the Class [E] E Certificates, fifth fifth, to the Class [D] D Certificates, sixth sixth, to the Class [C] C Certificates, seventh seventh, to the Class [B] Certificates and B Certificates, eighth, 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 and Class [A-2] A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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] 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 first, to the Class [H] NR Certificates, second second, to the Class [G] F Certificates, third third, to the Class [F] E Certificates, fourth fourth, to the Class [E] D Certificates, fifth fifth, to the Class [D] C Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), sixth sixth, to the Class [C] B Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), seventh seventh, to the Class [B] A-S Certificates (without giving effect to any exchange of the Exchangeable Certificates for Class EC Certificates), and eighth, then pro rata (based upon Accrued Certificate Interest), ) to the Class [A-1] , Class A-2, Class A-3, Class A-4A1, Class A-4A2, Class A-5 and Class [A-2] A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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 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, such Mortgage Deferred Interest to be allocated first to the Class [H] J Certificates, second to the Class [G] I Certificates, third to the Class [F] H Certificates, fourth to the Class [E] G Certificates, fifth to the Class [D] F Certificates, sixth to the Class [C] E Certificates, seventh to the Class [B] D Certificates, eighth to the Class C Certificates; ninth to the Class B Certificates and eighthtenth, pro rata (based upon Accrued Certificate Interest), to the Class [A-1] A-1 and Class [A-2] A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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] 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 [H] NR Certificates, second second, to the Class [G] F Certificates, third third, to the Class [F] E Certificates, fourth fourth, to the Class [E] D Certificates, fifth fifth, to the Class [D] C Certificates, sixth sixth, to the Class [C] B Certificates, seventh seventh, to the Class [B] Certificates A-S Certificates, and eighth, then pro rata (based upon Accrued Certificate Interest), ) to the Class [A-1] , Class A-2, Class A-3, Class A-4 and Class [A-2] A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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)

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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] 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 [H] NR Certificates, second second, to the Class [G] G Certificates, third third, to the Class [F] F Certificates, fourth fourth, to the Class [E] E Certificates, fifth fifth, to the Class [D] D Certificates, sixth sixth, to the Class [C] C Certificates, seventh seventh, to the Class [B] B Certificates, eighth, to the Class A-S Certificates and eighth, then pro rata (based upon Accrued Certificate Interest), ) to the Class [A-1] , Class A-2, Class A-3 and Class [A-2] A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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 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, such Mortgage Deferred Interest to be allocated first to the Class [H] K Certificates, second to the Class [G] J Certificates, third to the Class [F] I Certificates, fourth to the Class [E] H Certificates, fifth to the Class [D] G Certificates, sixth to the Class [C] F Certificates, seventh to the Class [B] Certificates E Certificates, eighth to the Class D Certificates; ninth to the Class C Certificates, tenth, to the Class B Certificates, and eightheleventh, pro rata (based upon Accrued Certificate Interest), to the Class [A-1] A-1 and Class [A-2] A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc), 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] 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 [H] NR Certificates, second second, to the Class [G] CertificatesH Certificate, third third, to the Class [F] G Certificates, fourth fourth, to the Class [E] F Certificates, fifth fifth, to the Class [D] E Certificates, sixth sixth, to the Class [C] D Certificates, seventh seventh, to the Class [B] C Certificates, eighth, to the Class B Certificates, ninth, to the Class A-S Certificates and eighth, then pro rata (based upon Accrued Certificate Interest), ) to the Class [A-1] , Class A-2, Class A-3 and Class [A-2] A-SB Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

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, the amount of interest distributable to a Class of Regular Certificates (other than the Class [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 CertificatesCertificates or the Class A-4FL/4FX Regular Interest, as applicable, such Mortgage Deferred Interest to be allocated first first, to the Class [H] NR Certificates, second second, to the Class [G] G Certificates, third third, to the Class [F] F Certificates, fourth fourth, to the Class [E] E Certificates, fifth fifth, to the Class [D] D Certificates, sixth sixth, to the Class [C] C Certificates, seventh seventh, to the Class [B] Certificates and B Certificates, eighth, 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 and the Class [A-2] 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.

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 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, such Mortgage Deferred Interest to be allocated first to the Class [H] I Certificates, second to the Class [G] H Certificates, third to the Class [F] G Certificates, fourth to the Class [E] F Certificates, fifth to the Class [D] E Certificates, sixth to the Class [C] D Certificates, seventh to the Class [B] C Certificates; eighth to the Class B Certificates and eighthninth, pro rata (based upon Accrued Certificate Interest), to the Class [A-1] A-1 and Class [A-2] A-2 Certificates, in each case up to the respective Accrued Certificate Interest for each such Class of Certificates for such Distribution Date.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Chase Commercial Mortgage Securities Corp)

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