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: 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; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest 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, (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; 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; sixth, sequentially to each class of Mezannine Certificates, in numerical order, beginning with the Class M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; seventh, from amounts otherwise distributable to the Class CE Certificates, to the Supplemental Interest Trust to fund any Defaulted Swap Termination Payments; and eighth, to the Class CE Certificates, up to the Class CE Distributable Amount.

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: 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; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest 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, (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; 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 M-5, Class M-6, Clxxx X-0 T-M-5 and Class M-8 T-B-1 Certificates, in that order, any Cap Carryover Amounts for such Classes; fifthsixth, 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; sixthseventh, sequentially to each class of Mezannine Certificates, in numerical order, beginning with the Class T-M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; seventheighth, to the Class T-B-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date; ninth, from amounts otherwise distributable to the Class CE Certificates, to the Supplemental Interest Trust to fund any Defaulted Swap Termination Payments; and eighthtenth, to the Class CE Certificates, up to the Class CE 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.

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: 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; second, concurrently, to the Classes of Senior Overcollateralized CertificatesCertificates entitled to distributions of interest, pro rata, any Interest Carryforward Amount for each such Class for such Distribution Date; third, sequentially sequentially, to each class of Mezannine the Class M-1, Class M-2, Class M-3, Class M-4 and Class M-5 Certificates, in numerical order, beginning with the Class M-1 Certificatesxxxx xxxxx, (i) first to pay any remaining Overcollateralized Accrued Certificate Interest for such Class Classes for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Class 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 (i) Amounts, 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 M-4 and Class M-8 M-5 Certificates, in that orderxx xxxx xxder, any Cap Carryover Amounts for each such ClassesClass; 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 CertificatesClass; sixth, sequentially sequentially, to each class of Mezannine the Class M-1, Class M-2, Class M-3, Class M-4 and Class M-5 Certificates, in numerical ordertxxx xxxxx, beginning with the Class M-1 Certificates, any xxx Realized Loss Amortization Amount for such Class Classes for such Distribution Date; seventh, from amounts otherwise distributable to the Class CE Certificates, to the Supplemental Interest Trust to fund any Defaulted Swap Termination PaymentsPayment; 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 date after the application pursuant to Sections 5.02(a), 5.02(b) and 5.02(c).

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: 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; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carryforward Amount for each such Class for such Distribution Date; third, sequentially sequentially, to each class of Mezannine the Class T-M-1, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, in numerical that order, beginning with the Class M-1 Certificates, (i) first to pay any remaining Overcollateralized Accrued Certificate Interest for such Class Classes for such Distribution Date and (ii) then to pay any remaining Interest Carryforward Amount for such Class 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 (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, sequentially to the Class T-M-1, Class T-M-2, Class T-M-3, Class M-4, Class M-5, Class M-6, Clxxx X-0 T-M-4 and Class M-8 T-M-5 Certificates, in that order, any Cap Carryover Amounts for each such ClassesClass; 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; sixth, sequentially sequentially, to each class of Mezannine the Class T-M-1, Class T-M-2, Class T-M-3, Class T-M-4 and Class T-M-5 Certificates, in numerical that order, beginning with the Class M-1 Certificates, any Realized Loss Amortization Amount for such Class Classes for such Distribution Date; seventh, from amounts otherwise distributable to the Class CE Certificates, to the Supplemental Interest Trust to fund any Defaulted Swap Termination Payments; and eighth, to the Class 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.

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: 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; second, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, any Interest Carryforward Amount for each such Class for such Distribution Date; third, sequentially concurrently, to each class of Mezannine the Class T-M-1A and Class T-M-1B Certificates, in numerical order, beginning with the Class M-1 Certificatespro rata, (i) 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 (i) first, concurrently, to the Classes of Senior Overcollateralized Certificates, pro rata, based on Cap Carryover Amounts for each such Class, and (ii) then sequentiallyconcurrently, to the Class M-1T-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 M-4, Class M-5, Class M-6, Clxxx X-0 T-M-4 and Class M-8 T-M-5 Certificates, in that order, any Cap Carryover Amounts for such Classes; fifthsixth, 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; sixthseventh, sequentially concurrently, to the Class T-M-1A and Class T-M-1B Certificates, pro rata, any Realized Loss Amortization Amount for each class of Mezannine such Class for such Distribution Date, based on Unpaid Realized Loss Amounts 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 numerical that order, beginning with the Class M-1 Certificates, any Realized Loss Amortization Amount for such Class Classes for such Distribution Date; seventheighth, from amounts otherwise distributable to the Class CE Certificates, to the Supplemental Interest Trust to fund any Defaulted Swap Termination Payments; and eighthninth, to the Class 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.