Common use of Distributions of Available Funds Clause in Contracts

Distributions of Available Funds. On each Distribution Date, the aggregate of the Available Funds for each Loan Group for such Distribution Date shall be distributed from the Distribution Account in the following order: 1. concurrently, to the Class 1-X and Class 2-X Certificates, pro rata, the Current Interest and the Interest Carry Forward Amount for each such Class and such Distribution Date; 2. concurrently, to each Class of Senior Certificates (other than the Class X Certificates and the Class A-R Certificates), pro rata, the Current Interest and the Interest Carry Forward Amount for each such Class and such Distribution Date; 3. sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 anx Xxxxx X-0 Xxrtificates, in that order, the Current Interest for each such Class and such Distribution Date; 4. (A) for each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect in the following order: (1) in an amount up to the Principal Distribution Amount for that Distribution Date, concurrently, to the following Classes of Certificates, pro rata between the Group 1 Senior Certificates and the Group 2 Senior Certificates on the basis of the related Principal Distribution Amount: (a) in an amount up to the Group 1 Principal Distribution Amount for such Distribution Date, in the following order: (i) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero; (ii) concurrently, to the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (iii) to the Group 2 Senior Certificates (after any distributions made to such Classes of Certificates from the Group 2 Principal Distribution Amount), concurrently, to the Class 2-A-1, Class 2-A-2 and

Distributions of Available Funds. On each Distribution Date, the aggregate of the Available Funds for each Loan Group for such Distribution Date shall be distributed from the Distribution Account in the following orderorder of priority: (1. ) to the Final Maturity Reserve Fund, the Required Deposit, if any, for such Distribution Date; (2) to the Class X Certificates, the Current Interest and the Interest Carry Forward Amount for such Class and such Distribution Date; (3) concurrently, to the Class 1-X and Class 2-X Classes of Senior Certificates, pro rata, the Current Interest and the Interest Carry Forward Amount for each such Class and such Distribution Date; 2. concurrently, to each Class of Senior Certificates (other than the Class X Certificates and the Class A-R Certificates), pro rata, the Current Interest and the Interest Carry Forward Amount for each such Class and such Distribution Date; 3. 4) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4X-0, Class Xxxss M-5, Class M-6 anx Xxxxx X-0 Xxrtificatesand Class M-7 Certificates, in that order, the Current Interest for each such Class and such Distribution Date; 4. (5) (A) for each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect in the following orderorder of priority: (1) in an amount up to the Principal Distribution Amount for that Distribution Date, concurrently, to the following Classes classes of Certificatescertificates, pro rata between the Group 1 Senior Certificates and the Group 2 Senior Certificates on the basis of the related Principal Distribution Amount: (a) in an amount up to the Group 1 Principal Distribution Amount for such Distribution Date, in the following ordersequentially: (i) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero; (ii) concurrently, to the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (iii) to the Group 2 Senior Certificates (after any distributions made to such Classes of Certificates from the Group 2 Principal Distribution Amount), concurrently, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (b) in an amount up to the Group 2 Principal Distribution Amount for such Distribution Date, sequentially: (i) concurrently, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (ii) concurrently, to the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (2) sequentially, to the Class M-1, Class M-2, Class M-3, Xxxxx X-4, Class M-5, Class M-6 and Class M-7 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and

Distributions of Available Funds. On each Distribution Date, the aggregate of the Available Funds for each Loan Group for such Distribution Date shall be distributed from the Distribution Account in the following order: 1. to the Class X Certificates, the Current Interest and the Interest Carry Forward Amount for such Class and such Distribution Date; 2. concurrently, to the each Class 1-X and Class 2-X of Senior LIBOR Certificates, pro rata, the Current Interest and the Interest Carry Forward Amount for each such Class and such Distribution Date; 2. concurrently, to each Class of Senior Certificates (other than the Class X Certificates and the Class A-R Certificates), pro rata, the Current Interest and the Interest Carry Forward Amount for each such Class and such Distribution Daterata based on their respective entitlements; 3. sequentially, to the Class M-1X-0, Class M-2Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6 anx Xxxxx X-0 XxrtificatesM-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, the Current Interest for each such Class and such Distribution Date; 4. (A) a. for each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect effect, in the following order: (1) in an amount up to the Principal Distribution Amount for that such Distribution Date, concurrently, to the following Classes of Certificates, pro rata between the Group 1 Senior Certificates and the Group 2 Senior Certificates on the basis of the related Principal Distribution Amount: (a) in an amount up to the Group 1 Principal Distribution Amount for such Distribution Date, in the following order: (i) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero; (ii) concurrently, to the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (iii) to the Group 2 Senior Certificates (after any distributions made to such Classes of Certificates from the Group 2 Principal Distribution Amount), concurrently, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates (after any distributions to such Certificates from the Group 2 Principal Distribution Amount), pro rata, until their respective Class Certificate Balances are reduced to zero; and (b) in an amount up to the Group 2 Principal Distribution Amount for such Distribution Date, in the following order: (i) concurrently, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (ii) concurrently, to the Class 1 -A-1, Class 1-A-2 and Class 1-A-3 Certificates (after any distributions to such Certificates from the Group 1 Principal Distribution Amount), pro rata, until their respective Class Certificate Balances are reduced to zero; and (2) the remaining Principal Distribution Amount, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and

Distributions of Available Funds. On each Distribution Date, the aggregate of Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) Available Funds for each Loan Group for and apply such Distribution Date shall be distributed from the Distribution Account amounts in the following order: 1. order of priority and to the extent of such funds: first, concurrently, to the Class 1-X A-1 and Class 2-X A-2 Certificates, pro rata, the Current Accrued Certificate Interest and the Interest Carry Forward Amount thereon for each such Class and such Distribution Date; 2. ; second, concurrently, to each Class of Senior Certificates (other than the Class X Certificates A-1 and the Class A-R A-2 Certificates), pro rata, the Current Interest and the Interest Carry Forward Carryforward Amount thereon for each such Class and such Distribution Date; 3. ; third, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 anx M-6, Class M-0 xxx Xxxxx X-0 XxrtificatesCertificates, in that order, the Current Accrued Certificate Interest thereon for each such Class and such Distribution Date;; fourth, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, the Senior Principal Distribution Amount, until their Class Certificate Balances have been reduced to zero; fifth, either: 4. (Ai) for with respect to each Distribution Date prior to (a) before the Stepdown Date or on (b) as to which a Trigger Event is in effect effect, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 xxx Xxxxx M-8 Certificates, in the following that order: (1) in an amount , up to the Principal Distribution Amount for that Amount, until the Class Certificate Balances thereof have been reduced to zero; or (ii) with respect to each Distribution DateDate (a) on or after the Stepdown Date and (b) as long as a Trigger Event is not in effect, concurrentlysequentially, to the following Classes of Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0 xxx Xxxxx M-8 Certificates, pro rata between the Group 1 Senior Certificates and the Group 2 Senior Certificates on the basis of the related Principal Distribution Amount: (a) in an amount that order, up to the Group 1 respective Mezzanine Principal Distribution Amount for each such Distribution DateClass, in the following order: (i) to until the Class A-R Certificates, until its Class Certificate Balance is Balances thereof have been reduced to zero; (ii) concurrently; sixth, sequentially, to the Class 1-M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-0 xxx Xxxxx X-0 Certificates, in that the order, the Interest Carryforward Amount thereon for such Distribution Date; seventh, sequentially, to the Class A-1, Class 1-A-2 A-2, Class M-1, Class M-2, Class M-3, Class M-4, Class X-0, Xxxxx M-6, Class M-7 and Class 1-A-3 M-8 Certificates, pro ratain that the order, until their respective Class Certificate Balances are reduced to zeroany Realized Loss Amortization Amount thereon for such Distribution Date; and (iii) eighth, from amounts otherwise distributable to the Group 2 Senior Certificates (after any distributions made Class CE Certificates, to such Classes of Certificates from the Group 2 Principal Distribution Amount)pay Rate Cap Carryover Amounts, first, concurrently, to the Class 2-A-1A-1 and Class A-2 Certificates, pro rata, based on Rate Cap Carryover Amounts for each such Class, and then sequentially, to the Class M-1, Class 2-A-2 andM-2, Class M-3, Class -00- X-0, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, any Rate Cap Carryover Amounts for such Classes; ninth, from amounts otherwise distributable to the Class CE Certificates, to the Supplemental Interest Trust to fund any Defaulted Swap Termination Payments; and tenth, to the Class CE Certificates, up to the Class CE Distributable Amount.