Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order, in each case to the extent of remaining Excess Cashflow:
(i) to the Classes of LIBOR Certificates then entitled to receive distributions in respect of principal, in an aggregate amount equal to the Extra Principal Distribution Amount for the Loan Group payable to the related Classes of Certificates as part of the applicable Principal Distribution Amount pursuant to Section 4.02(b) hereof;
(ii) concurrently, to the Classes of Senior Certificates, pro rata based on the amount of Unpaid Realized Loss Amounts for each such Class, in each case in an amount equal to the Unpaid Realized Loss Amount for each such Class; provided, however, that any amounts allocable to the Class 2-A-2B Certificates will be allocated to the Class 2-A-2A Certificates, in an amount up to the Unpaid Realized Loss Amount for such Class;
(iii) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, in each case first in an amount equal to any Interest Carry Forward Amount for such Class and then in an amount equal to the Unpaid Realized Loss Amount for such Class;
(iv) to the Carryover Reserve Fund and then from the Carryover Reserve Fund, concurrently, to the Classes of LIBOR Certificates, pro rata based on their respective Class Certificate Balances to the extent needed to pay any unpaid Net Rate Carryover for each such Class; and then any Excess Cashflow remaining after such allocation to pay Net Rate Carryover based on Class Certificate Balances of the Certificates will be distributed to each Class of LIBOR Certificates with respect to which there remains any unpaid Net Rate Carryover, pro rata, based on the amount of such unpaid Net Rate Carryover;
(v) to the Swap Account, in an amount equal to any Swap Termination Payment due to the Swap Counterparty as a result of a Swap Counterparty Trigger Event;
(vi) to the Class C Certificateholders, an amount up to the Class C Distributable Amount for such Distribution Date; and
(vii) to the Class A-R Certificates.
Distributions of Excess Cashflow. With respect to any Distribution Date, the sum of (i) Excess Cashflow and (ii) the OC Release Amount, each for that Distribution Date, will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of the amount remaining:
(i) to the Classes of Offered Certificates then entitled to receive distributions in respect of principal, in an amount equal to the Extra Principal Distribution Amount, payable to such Classes of Certificates as part of the Principal Distribution Amount pursuant to Section 4.02(b) hereof;
(ii) concurrently, to the Class A, Class M-1, Class M-2 and Class M-3 Certificates, pro rata, in an amount equal to any Interest Carry Forward Amount for each such Class not otherwise distributed to such Classes of Certificates pursuant to Section 4.02(a) hereof;
(iii) sequentially, to the Class A, Class M-1, Class M-2 and Class M-3 Certificates, in that order, in an amount equal to the Unpaid Realized Loss Amount for each such Class;
(iv) to the Carryover Reserve Fund and then from the Carryover Reserve Fund, sequentially, to the Class A, Class M-1, Class M-2 and Class M-3 Certificates, in that order, (in each case after application of amounts received under the Corridor Contract Novation Agreement to cover Net Rate Carryover and distributed pursuant to Section 4.02(d) hereof), to the extent needed to pay any unpaid Net Rate Carryover for each such Class;
(v) to the Class C Certificateholders, an amount up to sum of (x) the Class C Distributable Amount for such Distribution Date and (y) the OC Release Amount remaining after application thereof to the distributions in clauses 4.02(c)(i) through 4.02(c)(iv) above; and
(vi) to the Class A-R Certificates. For the avoidance of doubt, Section 4.02(c)(v) is intended to cause the Class C Certificates to receive from amounts remaining after the application of all other clauses of Section 4.02(c) preceding it, an amount up to the sum of the Class C Distributable Amount for that Distribution Date and any Class C Distributable Amounts remaining unpaid from prior Distribution Dates and the Trustee shall construe Section 4.02(c)(v) as necessary so as to accomplish such result.
Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of remaining Excess Cashflow:
(i) for each Distribution Date occurring (a) before the Stepdown Date or (b) on or after the Stepdown Date but for which a Trigger Event is in effect, then until the aggregate Class Certificate Balance of the Senior and Subordinated Certificates equals the Target Amount for that Distribution Date, in the following priority:
(A) after giving effect to principal distributions on that Distribution Date (as described under clause 4.02(b) above), concurrently to the Classes of Senior Certificates related to each Loan Group, pro rata, based on the related Senior Proportionate Percentage, allocated in accordance with Section 4.02(B)(i)(A) above in reduction of their respective Class Certificate Balances, until their respective Class Certificate Balances have been reduced to zero; and
(B) sequentially, to the Class M-1, Class M-2, Class M-3, Xxxxx X-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 Balance have been reduced to zero;
(ii) for each Distribution Date occurring on or after the Stepdown Date and for which a Trigger Event is not in effect, in the following priority:
(A) after giving effect to principal distributions on that Distribution Date (as described under Section 4.02(b) above), to the Classes of Senior Certificates related to each Loan Group, pro rata, based on the related Senior Proportionate Percentage, in each case in accordance with Section 4.02(b)(i)(A) above, in reduction of their respective Class Certificate Balances, until the aggregate Class Certificate Balance of the Senior Certificates, after giving effect to distributions on that Distribution Date, equals the Senior Target Amount for that Distribution Date; and sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0, Xxxss M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, until their respective Class Certificate Balances are reduced to zero; and;
(iii) concurrently to the Classes of Senior Certificates, pro rata in proportion to their respective Unpaid Realized Loss Amount, the Unpaid Realized Loss Amounts for each such Class; and
(iv) sequentially, to the Class M-1, Class ...
Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of remaining Excess Cashflow:
Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be paid to the Classes of Certificates in the following order of priority, in each case to the extent of remaining Excess Cashflow:
(i) to the Classes of Certificates then entitled to receive distributions in respect of principal, in an aggregate amount equal to the Extra Principal Distribution Amount payable to such Classes of Certificates as part of the Principal Distribution Amount pursuant to Section 4.02(b) hereof;
(ii) concurrently, to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata based on their respective entitlements, the Net Rate Carryover Amount for each such Class;
(iii) sequentially, to the Class M-1, Class M-2, Class M-3, Xxxxx X-0, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class M-10 Certificates, in that order, the Net Rate Carryover Amount for each such Class;
(iv) to the Class CP Certificates, the Class CP Distributable Amount for such Distribution Date; and
(v) concurrently, to the Class R, Class RC and Class RX Certificates, pro rata.
Distributions of Excess Cashflow. With respect to any Distribution Date, any Excess Cashflow will be distributed to the Classes of Certificates in the following order, in each case to the extent of remaining Excess Cashflow:
