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

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:

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa1), Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa9), Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa17)

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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 related Loan Group Groups that is are not undercollateralized (the "Overcollateralized GroupGroups"), as follows:

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Cwalt Inc), Pooling and Servicing Agreement (Alternative Loan Trust 2005-44)

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 in Aggregate Loan Group I 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 related Loan Groups in Aggregate Loan Group I that is are not undercollateralized (the "Overcollateralized GroupGroups"), as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Cwalt Inc)

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 immediately prior to a Loan Group each Distribution Date is greater than the aggregate Stated Principal Balance of the Mortgage Loans in that the related Loan Group as of the first day Due Date in the month preceding the month of that Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that Due Period Date) (the "Undercollateralized Group"), then the Trustee shall reduce apply the Available Funds of the other Loan Group that if it is not undercollateralized (the "Overcollateralized Group"), as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2007-Hy1)

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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 immediately prior to a Loan Group each Distribution Date is greater than the aggregate Stated Principal Balance of the Mortgage Loans in that the related Loan Group as of the first day Due Date in the month preceding the month of that Distribution Date (after giving effect to Principal Prepayments in the Prepayment Period related to that Due Period Date) (the "Undercollateralized Group"), then the Trustee shall reduce apply the Available Funds of the other Loan Group that if it is not undercollateralized (the "Overcollateralized Group"), as follows:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Hy2)

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