Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved]. (b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO Component) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group (the "Overcollateralized Group"), as follows: (1) to add to the Available Funds of the Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02; and (2) to the Senior Certificates, other than the related Class PO Component, of the Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, of such Undercollateralized Group equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan Group.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Alternative Loan Trust 2007-1t1), Pooling and Servicing Agreement (Cwalt Inc)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO ComponentCertificates) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group that are not undercollateralized (the "Overcollateralized Group"), as follows:
(1) to add to the Available Funds of the Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, Certificates of the Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, Certificates of such Undercollateralized Group equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan Group.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Countrywide Home Loans 2005-J9), Pooling and Servicing Agreement (Alternative Loan Trust 2006-J1), Pooling and Servicing Agreement (Alternative Loan Trust 2006-J4)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO Component) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group (the "“Overcollateralized Group"”), as follows:
(1) to add to the Available Funds of the Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, of the Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, of such Undercollateralized Group equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan Group.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-4cb), Pooling and Servicing Agreement (Cwalt Inc)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO Component) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group that are not undercollateralized (the "Overcollateralized Group"), as follows:
(1) to add to the Available Funds of the Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, of the Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, of such Undercollateralized Group equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan Group.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-6cb), Pooling and Servicing Agreement (Alternative Loan Trust 2006-8t1)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO Component) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group Group(s) that are not undercollateralized (the "“Overcollateralized Group"Group(s)”), as follows:
(1) to add to the Available Funds of the each Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group Group(s) remaining after making distributions to the Senior Certificates of the Overcollateralized Group Group(s) on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, Certificates of the each Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group Group(s) remaining after making distributions to the Senior Certificates of the Overcollateralized Group Group(s) on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, Certificates of such Undercollateralized Group Group(s) equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan GroupGroup(s).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-J10)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the aggregate Class Certificate Balance of the Senior Certificates in a Senior Certificate Group (other than the related Class PO Component) is greater than the aggregate of the Non-PO Percentages of the Stated Principal Pool Balance of the Mortgage Loans in the related Loan Group (the "Undercollateralized Group"), then the Trustee shall reduce the Available Funds of the other Loan Group (the "Overcollateralized Group"), as follows:
(1) to add to the Available Funds of the Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, of the Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02, until the aggregate Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, Component of such Undercollateralized Group Group, equals the aggregate of the Non-PO Percentages of the Stated Principal Pool Balance of the Mortgage Loans in the related Loan Group.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2007-J1)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO Component) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group (the "Overcollateralized Group"), as follows:
(1) to add to the Available Funds of the Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, Certificates of the Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, Certificates of such Undercollateralized Group equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan Group.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-33cb)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO ComponentClass) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group Group(s) that are not undercollateralized (the "“Overcollateralized Group"Group(s)”), as follows:
(1) to add to the Available Funds of the each Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group Group(s) remaining after making distributions to the Senior Certificates of the Overcollateralized Group Group(s) on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, Certificates of the each Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group Group(s) remaining after making distributions to the Senior Certificates of the Overcollateralized Group Group(s) on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, Certificates of such Undercollateralized Group Group(s) equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan GroupGroup(s).
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Countrywide Home Loans 2005-J8)
Cross-Collateralization; Adjustments to Available Funds. (a) [Reserved].
(b) If on any Distribution Date the Class Certificate Balance of the Senior Certificates in a Certificate Group (other than the related Class PO Component) is greater than the aggregate of the Non-PO Percentages of the 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 Loan Group that are not undercollateralized (the "Overcollateralized Group"), as follows:
(1) to add to the Available Funds of the Undercollateralized Group an amount equal to the Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02; and
(2) to the Senior Certificates, other than the related Class PO Component, Certificates of the Undercollateralized Group, to the extent of the principal portion of Available Funds of the Overcollateralized Group remaining after making distributions to the Senior Certificates of the Overcollateralized Group on such Distribution Date pursuant to Section 4.02, until the Class Certificate Balance of the Senior Certificates, other than the related Class PO Component, Certificates of such Undercollateralized Group equals the aggregate of the Non-PO Percentages of the Stated Principal Balance of the Mortgage Loans in the related Loan Group.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-4cb)