Common use of Distributions of Interest Funds for Loan Clause in Contracts

Distributions of Interest Funds for Loan. Group 2 and Loan Group 3. On each Distribution Date, the Interest Funds for such Distribution Date with respect to Loan Group 2 and Loan Group 3 shall be allocated by the Trustee from the Distribution Account in the following order of priority: (i) concurrently: (a) from Interest Funds for Loan Group 2, concurrently to each Class of Class 2-AV Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, (b) from Interest Funds for Loan Group 3, concurrently to each Class of Class 3-AV Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, (ii) from the remaining Interest Funds for Loan Group 2 and Loan Group 3, to each Class of Class AV Certificates, any remaining Current Interest and Interest Carry Forward Amount not paid pursuant to Section 4.04(b)(i), pro rata, based on the Certificate Principal Balances thereof, 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 the Certificate Principal 119 Balances of the Certificates will be distributed to each Class of Class AV Certificates with respect to which there remains any unpaid Current Interest and Interest Carry Forward Amount (after the distribution based on Certificate Principal Balances), pro rata, based on the amount of such remaining unpaid Current Interest and Interest Carry Forward Amount, (iii) from the remaining Interest Funds for Loan Group 2 and Loan Group 3, sequentially: (a) to the Class MV-1 Certificates, the Current Interest for such Class, (b) to the Class MV-2 Certificates, the Current Interest for such Class, (c) to the Class MV-3 Certificates, the Current Interest for such Class, (d) to the Class MV-4 Certificates, the Current Interest for such Class, (e) to the Class MV-5 Certificates, the Current Interest for such Class, (f) to the Class MV-6 Certificates, the Current Interest for such Class, (g) to the Class MV-7 Certificates, the Current Interest for such Class, (h) to the Class MV-8 Certificates, the Current Interest for such Class, (i) to the Class BV Certificates, the Current Interest for such Class, and (j) any remainder as part of the Adjustable Rate Loan Group Excess Cashflow.

Distributions of Interest Funds for Loan. Group 2 and Loan Group 3. On each Distribution Date, the Interest Funds for such Distribution Date with respect to Loan Group 2 and Loan Group 3 shall be allocated by the Trustee from the Distribution Account in the following order of priority: (i) concurrently: (a) from the Interest Funds for Loan Group 2, concurrently sequentially (1) to each the Guarantor, the amount of the Class of 1-AV-1 Guaranty Fee for such Distribution Date, (2) to the Class 21-AV AV-1 Certificates, the Current Interest for such Class and Distribution Date, (3) to the Guarantor, the Class 1-AV-1 Guarantor Reimbursement Amount for such Distribution Date, and (4) to the Class 1-AV-1 Certificates, the Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, (b) from the Interest Funds for Loan Group 3, concurrently to each Class of Class 32-AV Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, (ii) from the remaining Interest Funds for Loan Group 2 and Loan Group 3, sequentially (I) to the Guarantor, the amount of the Class 1-AV-1 Guaranty Fee and the Class 1-AV-1 Guarantor Reimbursement Amount not paid pursuant to clause (i)(a)(1) and (i)(a)(3) above and (II) to the Class 1-AV-1 and each Class of Class 2-AV Certificates, any remaining Current Interest and Interest Carry Forward Amount not paid pursuant to Section 4.04(b)(i)clauses (i)(a) and (i)(b) above, pro rata, based on the Certificate Principal Balances thereof, 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 the Certificate Principal 119 Balances of the Certificates will shall be distributed to each Class of Class AV Senior Certificates with respect to which there remains any unpaid Current Interest and Interest Carry Forward Amount (after the distribution based on Certificate Principal Balances), pro rata, based on the amount of such remaining unpaid Current Interest and Interest Carry Forward Amount, (iii) from the remaining Interest Funds for Loan Group 2 and Loan Group 3, sequentially: (a) to the Class MV-1 Certificates, the Current Interest for such Class, (b) to the Class MV-2 Certificates, the Current Interest for such Class, (c) to the Class MV-3 Certificates, the Current Interest for such Class, (d) to the Class MV-4 Certificates, the Current Interest for such Class, (e) to the Class MV-5 Certificates, the Current Interest for such Class, (f) to the Class MV-6 Certificates, the Current Interest for such Class, (g) to the Class MV-7 Certificates, the Current Interest for such Class, (h) to the Class MV-8 Certificates, the Current Interest for such Class, (i) to the Class BV Certificates, the Current Interest for such Class, and (j) any remainder as part of the Adjustable Rate Loan Group Excess Cashflow.

Distributions of Interest Funds for Loan. Group 2 2, Loan Group 3 and Loan Group 34. On each Distribution Date, the Interest Funds for such Distribution Date with respect to Loan Group 2 2, Loan Group 3 and Loan Group 3 4 shall be allocated by the Trustee from the Distribution Account in the following order of priority: (i) concurrently: (a) from Interest Funds for Loan Group 2, concurrently to each Class of Class 21-AV Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, (b) from Interest Funds for Loan Group 3, concurrently to each Class of Class 32-AV Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, (c) from Interest Funds for Loan Group 4, concurrently to each Class of Class 3-AV Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, 125 (ii) from the remaining Interest Funds for Loan Group 2 2, Loan Group 3 and Loan Group 34, to each Class of Class AV Certificates, any remaining Current Interest and Interest Carry Forward Amount not paid pursuant to Section 4.04(b)(i), pro rata, based on the Certificate Principal Balances thereof, 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 the Certificate Principal 119 Balances of the Certificates will be distributed to each Class of Class AV Certificates with respect to which there remains any unpaid Current Interest and Interest Carry Forward Amount (after the distribution based on Certificate Principal Balances), pro rata, based on the amount of such remaining unpaid Current Interest and Interest Carry Forward Amount, (iii) from the remaining Interest Funds for Loan Group 2 2, Loan Group 3 and Loan Group 34, sequentially: (a) to the Class MV-1 Certificates, the Current Interest for such Class, (b) to the Class MV-2 Certificates, the Current Interest for such Class, (c) to the Class MV-3 Certificates, the Current Interest for such Class, (d) to the Class MV-4 Certificates, the Current Interest for such Class, (e) to the Class MV-5 Certificates, the Current Interest for such Class, (f) to the Class MV-6 Certificates, the Current Interest for such Class, (g) to the Class MV-7 Certificates, the Current Interest for such Class, (h) to the Class MV-8 Certificates, the Current Interest for such Class, (i) to the Class BV Certificates, the Current Interest for such Class, and (j) any remainder as part of the Adjustable Rate Loan Group Excess Cashflow.

Distributions of Interest Funds for Loan. Group 2 and Loan Group 3. On each Distribution Date, the Interest Funds for such Distribution Date with respect to Loan Group 2 and Loan Group 3 shall be allocated by the Trustee from the Distribution Account in the following order of priority: (i) concurrently: (a) from Interest Funds for Loan Group 2, concurrently sequentially, (1) to each the Class of 1-AV-1 Insurer, the Class 1-AV-1 Premium for such Distribution Date, (2) to the Class 1-AV AV-1 Certificates, the Current Interest for such Class and Distribution Date, (3) to the Class 1-AV-1 Insurer, any Class 1-AV-1 Reimbursement Amount and (4) to the Xxxxx 0-XX-0 Xxxxxxxcates, the Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlementsin that order, (b) from Interest Funds for Loan Group 3, concurrently to each Class of Class 32-AV Certificates, the Current Interest and Interest Carry Forward Amount for each such Class and such Distribution Date, pro rata, based on their respective entitlements, (ii) from the remaining Interest Funds for Loan Group 2 and Loan Group 3, in the following order of priority: (a) to the Class 1-AV-1 Insurer, any remaining Class 1-AV-1 Premium for such Distribution Date not paid pursuant to clause 4.04(b)(i)(a)(1) above, (b) to each Class of Class AV Certificates, any remaining Current Interest and Interest Carry Forward Amount not paid pursuant to Section 4.04(b)(i)clauses 4.04(b)(i)(a)(2) and 4.04(b)(i)(b) above, pro rata, based on the Certificate Principal Balances thereof, 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 the Certificate Principal 119 Balances of the Certificates will be distributed to each Class of Class AV Certificates with respect to which there remains any unpaid Current Interest (after the distribution based on Certificate Principal Balances), pro rata, based on the amount of such remaining unpaid Current Interest; (c) to the Class 1-AV-1 Insurer, any remaining Class 1-AV-1 Reimbursement Amount not paid pursuant to xxxxxx 0.00(x)(i)(a)(3) above, (d) to each Class of Class AV Certificates, any remaining Interest Carry Forward Amount not paid pursuant to clauses 4.04(b)(i)(a)(4) and 4.04(b)(i)(b) above, pro rata, based on the Certificate Principal Balances thereof, to the extent needed to pay any Interest Carry Forward Amount for each such Class; provided that Interest Funds remaining after such allocation to pay any Interest Carry Forward Amount based on the Certificate Principal Balances of the Certificates will be distributed to each Class of Class AV Certificates with respect to which there remains any unpaid Interest Carry Forward Amount (after the distribution based on Certificate Principal Balances), pro rata, based on the amount of such remaining unpaid Current Interest and Interest Carry Forward Amount,; (iii) from the remaining Interest Funds for Loan Group 2 and Loan Group 3, sequentially: (a) to the Class MV-1 Certificates, the Current Interest for such Class, (b) to the Class MV-2 Certificates, the Current Interest for such Class, (c) to the Class MV-3 Certificates, the Current Interest for such Class, (d) to the Class MV-4 Certificates, the Current Interest for such Class, (e) to the Class MV-5 Certificates, the Current Interest for such Class, (f) to the Class MV-6 Certificates, the Current Interest for such Class, (g) to the Class MV-7 Certificates, the Current Interest for such Class, (h) to the Class MV-8 Certificates, the Current Interest for such Class, (i) to the Class BV Certificates, the Current Interest for such Class, and (j) any remainder as part of the Adjustable Rate Loan Group Excess Cashflow.