Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order:
(i) from the Interest Funds for Loan Group 1 and Loan Group 2, pro rata based on the Interest Funds for each Loan Group, to the Swap Account, the amount of any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty under the Swap Contract with respect to such Distribution Date;
(ii) concurrently:
(A) from Interest Funds for Loan Group 1, to the Class 1-A Certificates, the Current Interest and Interest Carry Forward Amount for such Class and such Distribution Date; and
(B) from Interest Funds for Loan Group 2, concurrently, to each Class of Group 2 Senior Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on the amount of interest each such Class is entitled to receive on that Distribution Date;
(iii) from the remaining Interest Funds for both Loan Groups to each Class of Senior Certificates, any remaining Current Interest and Interest Carry Forward Amount not paid pursuant to clauses (a)(ii)(A) or (a)(ii)(B) above, pro rata, based on their respective Class Certificate Balances, to the extent needed to pay any Current Interest and Interest Carry Forward Amount for each such Class; provided that Interest Funds remaining after such allocation to pay any Current Interest and Interest Carry Forward Amount based on their respective Class Certificate Balances, will be distributed to each Class of Senior Certificates with respect to which there remains any unpaid Current Interest and Interest Carry Forward Amount (after the distribution based on their respective Class Certificate Balances, pro rata, based on the amount of such remaining unpaid Current Interest and Interest Carry Forward Amount;
(iv) from the remaining Interest Funds from both Loan Groups in the following order:
(A) 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, the Current Interest for each such Class and such Distribution Date; and
(B) any remainder as part of the Excess Cashflow.
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority:
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority, until such Interest Funds have been fully distributed:
(i) concurrently, to the Class A-1 Swap Account and the Certificate Swap Account, as applicable, the amount of any Net Swap Payment due to the Swap Counterparty and the amount of any Swap Termination Payment due to the Swap Counterparty (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) under either Swap Contract with respect to such Distribution Date, pro rata, based on the amounts of any such payments; (including amounts remaining unpaid from previous Distribution Dates);
(ii) concurrently to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each of those Classes and that Distribution Date, pro rata, based on the amount of interest each Class is entitled to receive on that Distribution Date except, in the case of the Class A-1 Certificates, the Current Interest and Interest Carry Forward Amount paid pursuant to this clause (ii) will be calculated based on the lesser of the Pass-Through Rate of the Class A-1 Certificates and the Weighted Average Adjusted Net Mortgage Rate; and
(iii) sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0, Xxxxs M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, in that order, the Current Interest for each such Class and that Distribution Date; and
(iv) for application as part of the Excess Cashflow for that Distribution Date, pursuant to Section 4.02(c) below, any such Interest Funds remaining undistributed for that Distribution Date.
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following priority, until such Interest Funds have been fully distributed:
(i) to the Swap Account, the amount of any Net Swap Payment and Swap Termination Payments (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty under the Swap Contract with respect to that Distribution Date;
(ii) concurrently to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date, pro rata, based on the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and
(iii) sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0, Xxxss M-5 and Class M-6 Certificates, in that order, the Current Interest and Interest Carry Forward Amount for each such Class and that Distribution Date; and
(iv) for application as part of the Excess Cashflow for that Distribution Date, pursuant to Section 4.02(c) below.
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority:
(i) concurrently, to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and Distribution Date, pro rata, based on their respective entitlements; and
(ii) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Clxxx X-0, Xxxxx M-8 and Class M-9 Certificates, in that order, the Current Interest for each such Class and Distribution Date; and
(iii) any remainder as part of the Excess Cashflow.
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority, until such Interest Funds have been fully distributed:
(i) concurrently to each Class of Senior Certificates, the Current Interest and Interest Carry Forward Amount for each of those Classes and that Distribution Date, pro rata, based on the amount of interest each Class is entitled to receive on that Distribution Date; and
(ii) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 andClass M-6 Xxxxxxxxxxxx, in that order, the Current Interest for each such Class and that Distribution Date; and
(iii) for application as part of the Excess Cashflow for that Distribution Date, pursuant to Section 4.02(c) below.
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order:
(1) to the Derivative Account, any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Counterparty Trigger Event) payable to the Counterparty under the Swap Contract with respect to such Distribution Date;
(2) concurrently, to each Class of Senior LIBOR Certificates, the related Current Interest and Interest Carry Forward Amount, pro rata based on their respective entitlements;
(3) sequentially, in order of their distribution priorities, to each Class of Subordinated Certificates, the Current Interest for each such Class; and
(4) any remainder as part of the Excess Cashflow.
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority:
(i) from Interest Funds for Loan Group 1 and Loan Group 2, pro rata based on the Interest Funds for each such Loan Group, to the Swap Account, the amount of any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Swap Counterparty with respect to such Distribution Date;
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority:
(i) concurrently, to the Class A and Class A-R Certificates, pro rata, the Current Interest and Interest Carry Forward Amount for such Classes and such Distribution Date;
(ii) to the Class M-1 Certificates, the Current Interest and Interest Carry Forward Amount for such Class and such Distribution Date;
(iii) to the Class M-2 Certificates, the Current Interest and Interest Carry Forward Amount for such Class and such Distribution Date;
(iv) to the Class M-3 Certificates, the Current Interest and Interest Carry Forward Amount for such Class and such Distribution Date; and
(v) any remainder, as part of the Excess Cashflow.
Distributions of Interest Funds. On each Distribution Date, the Interest Funds for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority, until such Interest Funds have been fully distributed:
(i) concurrently:
(A) from the Interest Funds for Loan Group 2, to the Class 2-A-1 Swap Account, the amount of any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) the Swap Fee payable to the Class 2-A-1 Swap Counterparty under the Class 2-A-1 Swap Contract with respect to such Distribution Date; and
(B) from the Interest Funds for both Loan Groups, pro rata based on the Interest Funds for each Loan Group, to the Certificate Swap Account, the amount of any Net Swap Payment and any Swap Termination Payment (other than a Swap Termination Payment due to a Swap Counterparty Trigger Event) payable to the Certificate Swap Counterparty under the Certificate Swap Contract with respect to such Distribution Date;
