Common use of Distribution of Monthly Excess Cashflow Amounts Clause in Contracts

Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Amount for each such Class for such Distribution Date; (C) concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) to the Class T2-M-1 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2-M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (G) to the Class T2-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) to the Class T2-M-2 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (U) to the Class T2-M-6 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-7 Trust), Pooling and Servicing Agreement (Banc of America Funding 2006-7 Trust)

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Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Carryforward Amount for each such Class for such Distribution Date; (C) sequentially, to the Mezzanine Certificates, in numerical order, beginning with the class of Mezzanine Certificates with the lowest numerical class designation, any remaining Accrued Certificate Interest for each such Class for such Distribution Date; (D) sequentially, to the Mezzanine Certificates, in numerical order, beginning with the class of Mezzanine Certificates with the lowest numerical class designation, any remaining Interest Carryforward Amounts for each such Class for such Distribution Date; (E) concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) to the Class T2-M-1 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution DateClass; (F) sequentially, to the Class T2-M-1 Mezzanine Certificates, in numerical order, beginning with the class of Mezzanine Certificates with the lowest numerical class designation, any Realized Loss Amortization Amount for such Class Amounts for such Distribution Date; (G) from amounts otherwise distributable to the Class T2-M-2 CE Certificates, to the Cap Carryover Reserve Account to pay Cap Carryover Amounts, first, concurrently, to the Classes of Senior Certificates, pro rata, based on Cap Carryover Amounts for each such Class, and then sequentially, to the Mezzanine Certificates, in numerical order, beginning with the class of Mezzanine Certificates with the lowest numerical class designation, any remaining Overcollateralized Accrued Certificate Interest Cap Carryover Amounts for each such Class for such Distribution DateClass; (H) from amounts otherwise distributable to the Class T2-M-2 CE Certificates, to the Supplemental Interest Trust to fund any Interest Carry Forward Amount for such Class for such Distribution Date;Defaulted Swap Termination Payments; and (I) to the Class T2-M-2 CE Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) up to the Class T2-M-3 CertificatesCE Distributable Amount. (ii) On each Distribution Date, there shall be distributed to the Holder of the Class R Certificate (in respect of the Class UR Interest), any amounts remaining Overcollateralized Accrued in the Certificate Interest Account for such Class for such Distribution Date; (Kdate after the application pursuant to Sections 5.02(a), 5.02(b) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (U) to the Class T2-M-6 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;and 5.02

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-a Trust)

Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) : first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) ; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Carryforward Amount for each such Class for such Distribution Date; ; third, sequentially to each class of Mezannine Certificates, in numerical order, beginning with the Class M-1 Certificates, (Ci) first to pay any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Class for such Distribution Date; fourth, from amounts otherwise distributable to the Class CE Certificates, to the Cap Carryover Reserve Account to pay Cap Carryover Amounts (i) first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, based on Cap Carryover Amounts for each such Class, and (ii) then sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Clxxx X-0 and Class M-8 Certificates, in that order, any Cap Carryover Amounts for such Classes; fifth, concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) ; sixth, sequentially to each class of Mezannine Certificates, in numerical order, beginning with the Class T2-M-1 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2-M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (G) ; seventh, from amounts otherwise distributable to the Class T2-M-2 CE Certificates, to the Supplemental Interest Trust to fund any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) Defaulted Swap Termination Payments; and eighth, to the Class T2-M-2 CE Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) up to the Class T2CE Distributable Amount. (ii) On each Distribution Date, there shall be distributed to the Holder of the Class 1-M-2 CertificatesA-R Certificate (in respect of the Class II-UR Interest), any Realized Loss Amortization Amount for amounts remaining in the Certificate Account in respect of the OC Loan Groups such Class for such Distribution Date; (Jdate after the application pursuant to Sections 5.03(a), 5.03(b) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (U) to the Class T2-M-6 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;and 5.03(c)(i).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)

Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Amount for each such Class for such Distribution Date; (C) concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of CertificatesClass; (D) to the Class T2-M-1 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2-M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (G) to the Class T2-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) to the Class T2-M-2 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (U) to the Class T2-M-6 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-8t2 Trust)

Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) : first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) ; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Carryforward Amount for each such Class for such Distribution Date; ; third, sequentially to each class of Mezannine Certificates, in numerical order, beginning with the Class T-M-1 Certificates, (Ci) first to pay any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Class for such Distribution Date; fourth, to the Class T-B-1 Certificates, (i) first to pay any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Class for such Distribution Date; fifth, from amounts otherwise distributable to the Class CE Certificates, to the Cap Carryover Reserve Account to pay Cap Carryover Amounts (i) first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, based on Cap Carryover Amounts for each such Class, and (ii) then sequentially, to the Class T-M-1, Class T-M-2, Class T-M-3, Class T-M-4, Class T-M-5 and Class T-B-1 Certificates, in that order, any Cap Carryover Amounts for such Classes; sixth, concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) ; seventh, sequentially to each class of Mezannine Certificates, in numerical order, beginning with the Class T2-M-1 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2T-M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (G) ; eighth, to the Class T2T-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) to the Class T2-M-2 B-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) ; ninth, from amounts otherwise distributable to the Class T2-M-3 CE Certificates, to the Supplemental Interest Trust to fund any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) Defaulted Swap Termination Payments; tenth, to the Class T2-M-3 CE Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) up to the Class T2CE Distributable Amount; and eleventh, on the Distribution Date in December 2011 (or the final Distribution Date, if earlier), to the holders of the Class P Certificates $100.00 in reduction of the Class Certificate Balance of such Class. (ii) On each Distribution Date, there shall be distributed to the Holder of the Class 1-M-3 CertificatesA-R Certificate (in respect of the Class II-UR Interest), any Realized Loss Amortization Amount for amounts remaining in the Certificate Account in respect of Loan Group T2 such Class for such Distribution Date; (Mdate after the application pursuant to Sections 5.03(a), 5.03(b) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (U) to the Class T2-M-6 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;and 5.03(c)(i).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-1 Trust)

Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) : first, concurrently, to the Classes of Senior Overcollateralized CertificatesCertificates entitled to distributions of interest, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) ; second, concurrently, to the Classes of Senior Overcollateralized CertificatesCertificates entitled to distributions of interest, pro rata, any Interest Carry Forward Carryforward Amount for each such Class for such Distribution Date; ; third, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4 and Class M-5 Certificates, in xxxx xxxxx, (Ci) first to pay any remaining Accrued Certificate Interest for such Classes for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Classes for such Distribution Date; fourth, from amounts otherwise distributable to the Class CE Certificates, to the Cap Carryover Reserve Account to pay Cap Carryover Amounts, first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, based on Cap Carryover Amounts for each such Class, and then sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4 and Class M-5 Certificates, xx xxxx xxder, any Cap Carryover Amounts for each such Class; fifth, concurrently, to the Senior Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) Class; sixth, sequentially, to the Class T2-M-1 M-1, Class M-2, Class M-3, Class M-4 and Class M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificatesin txxx xxxxx, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2-M-1 Certificates, any xxx Realized Loss Amortization Amount for such Class for such Distribution Date; (G) to the Class T2-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) to the Class T2-M-2 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class Classes for such Distribution Date; (U) seventh, from amounts otherwise distributable to the Class T2-M-6 CE Certificates, to the Supplemental Interest Trust to fund any Realized Loss Amortization Amount Defaulted Swap Termination Payment; and eighth, to the Class CE Certificates, up to the Class CE Distributable Amount; and ninth, on the Distribution Date in December 2012 (or the final Distribution Date, if earlier), to the holders of the Class P Certificates, $100.00 in reduction of the Class Certificate Balance of such Class. On each Distribution Date, there shall be distributed to the Holder of the Class A-R Certificate (in respect of the Class UR Interest), any amounts remaining in the Certificate Account for such Class for such Distribution Date;date after the application pursuant to Sections 5.02(a), 5.02(b) and 5.02(c).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-6 Trust)

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Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) : first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) ; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Carryforward Amount for each such Class for such Distribution Date; ; third, sequentially, to the Class T-M-1, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, in that order, (Ci) first to pay any remaining Overcollateralized Accrued Certificate Interest for such Classes for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Classes for such Distribution Date; fourth, from amounts otherwise distributable to the Class CE Certificates, to the Cap Carryover Reserve Account to pay Cap Carryover Amounts first, concurrently, to the Senior Overcollateralized Certificates, based on Cap Carryover Amounts for each such Class, and then sequentially to the Class T-M-1, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, in that order, any Cap Carryover Amounts for each such Class; fifth, concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) ; sixth, sequentially, to the Class T2T-M-1 M-1, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (E) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2-M-1 Certificatesin that order, any Realized Loss Amortization Amount for such Class for such Distribution Date; (G) to the Class T2-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) to the Class T2-M-2 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class Classes for such Distribution Date; (U) seventh, from amounts otherwise distributable to the Class T2-M-6 CE Certificates, to the Supplemental Interest Trust to fund any Realized Loss Amortization Amount for such Defaulted Swap Termination Payments; eighth, to the Class for such CE Certificates, up to the Class CE Distributable Amount; and ninth, on the Distribution Date in April 2012 (or the final Distribution Date;, if earlier), to the holders of the Class P Certificates $100.00 in reduction of the Class Certificate Balance of such Class. (ii) On each Distribution Date, there shall be distributed to the Holder of the Class 1-A-R Certificate (in respect of the Class II-UR Interest), any amounts remaining in the Certificate Account in respect of Loan Group T2 such date after the application pursuant to Sections 5.03(a), 5.03(b) and 5.03(c)(i).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-4 Trust)

Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (A) : first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date; (B) ; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carry Forward Carryforward Amount for each such Class for such Distribution Date; ; third, concurrently, to the Class T-M-1A and Class T-M-1B Certificates, pro rata, (Ci) first to pay any remaining Overcollateralized Accrued Certificate Interest for each such Class for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for each such Class for such Distribution Date; fourth, sequentially, to the Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, in that order, (i) first to pay any remaining Overcollateralized Accrued Certificate Interest for such Classes for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Classes for such Distribution Date; fifth, from amounts otherwise distributable to the Class CE Certificates, to the Cap Carryover Reserve Account to pay Cap Carryover Amounts first, concurrently, to the Senior Overcollateralized Certificates, pro rata, based on Cap Carryover Amounts for each such Class, and then concurrently, to the Class T-M-1A and Class T-M-1B Certificates, pro rata, based on Cap Carryover Amount for each such Class, and then sequentially to the Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, in that order, any Cap Carryover Amounts for such Classes; sixth, concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (D) ; seventh, concurrently, to the Class T2T-M-1 M-1A and Class T-M-1B Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest Realized Loss Amortization Amount for each such Class for such Distribution Date; (E) , based on Unpaid Realized Loss Amounts for each such Class, and then sequentially, to the Class T2T-M-1 M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (F) to the Class T2-M-1 Certificatesin that order, any Realized Loss Amortization Amount for such Class for such Distribution Date; (G) to the Class T2-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (H) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (I) to the Class T2-M-2 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (J) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (K) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (L) to the Class T2-M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (M) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (N) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (O) to the Class T2-M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (P) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (Q) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date; (R) to the Class T2-M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; (S) to the Class T2-M-6 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) to the Class T2-M-6 Certificates, any Interest Carry Forward Amount for such Class Classes for such Distribution Date; (U) eighth, from amounts otherwise distributable to the Class T2-M-6 CE Certificates, to the Supplemental Interest Trust to fund any Realized Loss Amortization Amount for such Defaulted Swap Termination Payments; ninth, to the Class for such CE Certificates, up to the Class CE Distributable Amount; and tenth, on the Distribution Date in April 2012 (or the final Distribution Date;, if earlier), to the holders of the Class P Certificates $100.00 in reduction of the Class Certificate Balance of such Class. (ii) On each Distribution Date, there shall be distributed to the Holder of the Class 1-A-R Certificate (in respect of the Class II-UR Interest), any amounts remaining in the Certificate Account in respect of Loan Group T2 such date after the application pursuant to Sections 5.03(a), 5.03(b) and 5.03(c)(i).

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-3 Trust)

Distribution of Monthly Excess Cashflow Amounts. (i) On each Distribution Date, any Monthly Excess Cashflow Amount shall be distributed, to the extent available, in the following order of priority (the "Monthly Excess Cashflow Allocation") on such Distribution Date: (Ai) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Overcollateralized Accrued Certificate Interest for each such Class Classes for such Distribution Date; (Bii) concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any remaining Interest Carry Forward Amount for each such Class for such Distribution Date; (C) concurrently, to the Classes of Senior Overcollateralized Certificates, any Realized Loss Amortization Amounts for such Classes for such Distribution Date, pro rata, based upon Unpaid Realized Loss Amounts for each such Class of Certificates; (Diii) to the Class T2-M-1 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class thereon for such Distribution Date; (Eiv) to the Class T2-M-1 Certificates, any Interest Carry Forward Amount for such Class thereon for such Distribution Date; (Fv) to the Class T2-M-1 Certificates, any Class M-1 Realized Loss Amortization Amount for such Class for such Distribution Date; (Gvi) to the Class T2-M-2 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class thereon for such Distribution Date; (Hvii) to the Class T2-M-2 Certificates, any Interest Carry Forward Amount for such Class thereon for such Distribution Date; (Iviii) to the Class T2-M-2 Certificates, any Class M-2 Realized Loss Amortization Amount for such Class for such Distribution Date; (Jix) to the Class T2-M-3 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class thereon for such Distribution Date; (Kx) to the Class T2-M-3 Certificates, any Interest Carry Forward Amount for such Class thereon for such Distribution Date; (Lxi) to the Class T2-M-3 Certificates, any Class M-3 Realized Loss Amortization Amount for such Class for such Distribution Date; (Mxii) to the Class T2-M-4 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class thereon for such Distribution Date; (Nxiii) to the Class T2-M-4 Certificates, any Interest Carry Forward Amount for such Class thereon for such Distribution Date; (Oxiv) to the Class T2-M-4 Certificates, any Class M-4 Realized Loss Amortization Amount for such Class for such Distribution Date; (Pxv) to the Class T2-M-5 Certificates, any remaining Overcollateralized Accrued Certificate Interest for such Class thereon for such Distribution Date; (Qxvi) to the Class T2-M-5 Certificates, any Interest Carry Forward Amount for such Class thereon for such Distribution Date; (Rxvii) to the Class T2-M-5 Certificates, any Class M-5 Realized Loss Amortization Amount for such Class for such Distribution Date; (Sxviii) to the Class T2-M-6 CertificatesCap Carryover Reserve Account, any remaining Overcollateralized Accrued Certificate Interest for such Class for such Distribution Date; (T) an amount equal to the Class T2-M-6 Certificates, aggregate of any Interest Carry Forward Amount for such Class Cap Carryover Amounts for such Distribution Date; and (Uxix) to the Class T2-M-6 CE Certificates, any Realized Loss Amortization up to the Class CE Distributable Amount for such Class for such Distribution Date;. On each Distribution Date, there shall be distributed to the Holder of the Class R Certificate in respect of the Class R-1 Interest, any remaining amount in the Certificate Account on such date after the application pursuant to Sections 5.02(a), 5.02(b) and 5.02(c). Notwithstanding anything to the contrary contained in this Agreement, if the Class Certificate Balance of a Class of Certificates is reduced to zero, such Class shall be entitled to distributions from the Monthly Excess Cashflow Amount to pay any remaining Cap Carryover Amount and any Unpaid Realized Loss Amortization Amounts on future Distribution Dates. On each Distribution Date, Unpaid Realized Loss Amounts on the Offered Certificates will be reduced by the amount of any Recoveries received during the calendar month preceding such Distribution Date in the same order as Realized Loss Amortization Amounts are paid to the Offered Certificates pursuant to Section 5.02(c) above.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Banc of America Alternative Loan Trust 2006-7)

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