Cross-Collateralization; Adjustments to Available Funds Sample Clauses

Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date prior to the earlier of the Senior Credit Support Depletion Date and the second Senior Termination Date, but after a Senior Termination Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to such Senior Certificates that will have been paid in full, to the holders of the Senior Certificates of the other Certificate Groups, pro rata, based on their Class Certificate Balances, provided, however, that the Trustee shall not make such distribution on such Distribution Date if (a) the Aggregate Subordinated Percentage for such Distribution Date is greater than or equal to 200% of such Aggregate Subordinated Percentage as of the Closing Date and (b) the average Stated Principal Balance of the Mortgage Loans in each Loan Group delinquent 60 days or more over the last six months, as a percentage of the aggregate Class Certificate Balance of the Subordinated Certificates, is less than 50%.
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Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date prior to the Credit Support Depletion Date, but after the date on which the aggregate Class Principal Balance of the Group I, Group II, Group III, Group IV or Group V Certificates has been reduced to zero, the Trust Administrator shall distribute the principal portion of Available Distribution Amount on the Mortgage Loans relating to such Senior Certificates that will have been paid in full, to the holders of the Senior Certificates of the other Certificate Group(s). Such amount will be allocated between the other Groups, pro rata, based on aggregate Class Principal Balance of the related Senior Certificates and paid the Senior Certificates in each such Group in the same priority as such Certificates would receive other distributions of principal pursuant to Section 4.01(I)(A); provided, however, that the Trust Administrator shall not make such distribution on such Distribution Date if (a) the Group C-B Percentage for such Distribution Date is greater than or equal to 200% of such Group C-B Percentage as of the Closing Date and (b) the average outstanding principal balance of the Mortgage Loans in each Loan Group delinquent 60 days or more over the last six months, as a percentage of the related Subordinate Component Balance, is less than 50%.
Cross-Collateralization; Adjustments to Available Funds. On each Distribution Date prior to the Senior Credit Support Depletion Date, but after the date on which the aggregate Class Certificate Balance of Senior Certificates has been reduced to zero, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to such Senior Certificates that will have been paid in full, to the holders of the Senior Certificates of the other Certificate Groups, pro rata, based on Class Certificate Balances, provided, however, that the Trustee shall not make such distribution on such Distribution Date if (a) the Aggregate Subordinated Percentage for such Distribution Date is greater than or equal to 200% of such Aggregate Subordinated Percentage as of the Closing Date and (b) the average outstanding principal balance of the Mortgage Loans in each Loan Group delinquent 60 days or more over the last six months, as a percentage of the related Subordinate Component Balance, is less than 50%. If on any Distribution Date the Class Certificate Balance of Senior Certificates is greater than the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group (the "Undercollateralized Group"), then the Trustee shall reduce the Available Funds of the other related Loan Groups that are not undercollateralized (the "Overcollateralized Groups"), as follows:
Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date and prior to the earlier of the sixth Senior Termination Date and the Senior Credit Support Depletion Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates (other than the PO Classes) of the other Certificate Groups, pro rata, based on their Class Certificate Balances.
Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date after the first Senior Termination Date but prior to the earlier of the Senior Credit Support Depletion Date and the third Senior Termination Date, the Securities Administrator shall distribute the principal portion of Available Funds on the Mortgage Loans relating to the Senior Certificates that will have been paid in full to the holders of the Senior Certificates of the other Certificate Groups, pro rata, based on Class Principal Balances, provided, however, that the Securities Administrator shall not make such distribution on such Distribution Date if (a) the Aggregate Subordinated Percentage for such Distribution Date is greater than or equal to 200% of such Aggregate Subordinated Percentage as of the Closing Date and (b) the average aggregate Stated Principal Balance of the Mortgage Loans delinquent 60 days or more over the last six months, as a percentage of the Class Principal Balance of the Subordinated Certificates, is less than 50%.
Cross-Collateralization; Adjustments to Available Funds. If on any Distribution Date the Class Certificate Balance of Senior Certificates in a Loan Group is greater than the aggregate Stated Principal Balance of the Mortgage Loans in the such Loan Group (the "Undercollateralized Group"), then the Trustee shall reduce the Available Funds of the other Loan Group to the extent that it is not undercollateralized (the "Overcollateralized Group"), as follows:
Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date prior to the Senior Credit Support Depletion Date, but after the date on which the aggregate Class Principal Balance of Senior Certificates in Group I, Group II or Group III has been reduced to zero, the Trust Administrator shall distribute the principal portion of Available Distribution Amount on the Mortgage Loans relating to such Senior Certificates that will have been paid in full, to the holders of the Senior Certificates of the other Certificate Groups, pro rata, based on Class Principal Balances, provided, however, that the Trust Administrator shall not make such distribution on such Distribution Date if (a) the Subordinate Pool Percentage for such Distribution Date is greater than or equal to 200% of such Subordinate Pool Percentage as of the Closing Date and (b) the average outstanding principal balance of the Mortgage Loans in each Loan Group delinquent 60 days or more over the last six months, as a percentage of the related Subordinate Component Balance, is less than 50%.
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Cross-Collateralization; Adjustments to Available Funds. (a) If on each Distribution Date after the date on which the aggregate Class Certificate Balance and Component Principal Balance of the Senior Certificates related to a Loan Group has been reduced to zero, the Trustee shall distribute Available Funds on all the Mortgage Loans assuming there is only one group of Mortgage Loans consisting of all of the Mortgage Loans.
Cross-Collateralization; Adjustments to Available Funds. (a) If on any Distribution Date the aggregate Class Certificate Balance immediately prior to such Distribution Date of the Senior Certificates in a Senior Certificate Group related to a Loan Group is greater than the aggregate Stated Principal Balance of the Mortgage Loans in that Loan Group as of the first day of the related Due Period (the "Undercollateralized Group"), then the Trustee shall reduce the Available Funds of the other Loan Group that is not undercollateralized (the "Overcollateralized Group"), as follows:
Cross-Collateralization; Adjustments to Available Funds. (a) On each Distribution Date prior to the earlier of the Senior Credit Support Depletion Date and the second Senior Termination Date, but after a Senior Termination Date, the Trustee shall distribute the principal portion of Available Funds on the Mortgage Loans or portions thereof in the Collateral Allocation Group related to the Senior Certificates that will have been paid in full, to the holders of the Senior Certificates of the other Senior Certificate Groups, pro rata, based on their Class Certificate Balances, provided, however, that the Trustee shall not make such distribution on such Distribution Date if (a) the Aggregate Subordinated Percentage for such Distribution Date is greater than or equal to 200% of such Aggregate Subordinated Percentage as of the Closing Date and (b) the average Stated Principal Balance of the Mortgage Loans or portions thereof in each Collateral Allocation Group delinquent 60 days or more over the last six months, as a percentage of the aggregate Class Certificate Balance of the Subordinated Certificates, is less than 50%.
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