Common use of Cross-Collateralization; Adjustments to Available Funds Clause in Contracts

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%.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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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 the Group I, I or Group II or Group III 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 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 Group C-B Percentage for such Distribution Date is greater than or equal to 200% of such Subordinate Pool 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%.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (CSFB Mort Sec Corp Mort Backed Pass THR Certs Ser 2003 Ar5), Pooling and Servicing Agreement (CSFB Mort Sec Corp Mort Backed Pass THR Certs Ser 2003 Ar5)

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 the Group I, Group II II, Group III or Group III IV 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 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 Group C-B Percentage for such Distribution Date is greater than or equal to 200% of such Subordinate Pool 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%.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (CSFB Mortgage Back Pass THR Cer Ser 2003-Ar2), Pooling and Servicing Agreement (CSFB Mortgage Backed Pass THR Certs Series 2002-Ar33)

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 II, Group III or Group III IV 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%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certificates Ser 2002-Ar13)

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 the Group I, Group II II, Group III, Group IV, Group V or Group III VI 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 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 Group C-B Percentage for such Distribution Date is greater than or equal to 200% of such Subordinate Pool 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%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates Ser 2002-Ar31)

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 III, Group II III or Group III V 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%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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 IV has been reduced to zero, the Trust Administrator Trustee 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 Trustee shall not make such distribution on such Distribution Date if (a) the related 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%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Series 2001 33)

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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 the Group I, Group II II, Group III, Group IV or Group III V Certificates has been reduced to zero, the Trust Administrator Trustee 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 Trustee shall not make such distribution on such Distribution Date if (a) the Subordinate Pool Group C-B Percentage for such Distribution Date is greater than or equal to 200% of such Subordinate Pool Group C-B Percentage as of the Closing Date and (b) the average outstanding principal balance 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 related Subordinate Component Balance, is less than 50%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Acceptance Corp Mort Pa THR Cert Ser 2002-Ftb1)

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 of a Certificate 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%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse Fir Bo Sec Cor CSFB Mort Ps Th CRT Ser 2001-11)

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 any Group I, Group II or Group III Certificates has been reduced to zero, the Trust Administrator Trustee shall distribute the principal portion of Available Distribution Amount on the Mortgage Loans relating to such Senior Certificates Loan Group that will have been paid in full, to the holders of the Senior Class A Certificates of the other Certificate Groups, pro rata, based on Class Principal Balances, provided, however, that the Trust Administrator Trustee 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%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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 any of the Group I or Group II Senior Certificates in Group I, Group II or Group III has been reduced to zero, the Trust Administrator Trustee 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 GroupsGroup, pro rata, based on Class Principal Balances, provided, however, that the Trust Administrator Trustee shall not make such distribution on such Distribution Date if (a) the Aggregate Subordinate Pool Percentage for such Distribution Date is greater than or equal to 200% of such Aggregate 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 BalanceAggregate Class Principal Balance of the Class I-B Certificates, is less than 50100%.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

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