Common use of Distributions of Monthly Excess Cashflow Amounts Clause in Contracts

Distributions of Monthly Excess Cashflow Amounts. 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: (i) concurrently, to the Group 3 Senior Certificates and Components, pro rata, any remaining Accrued Certificate Interest or Accrued Component Interest for such Class or Component for such Distribution Date; (ii) concurrently, to the Group 3 Senior Certificates and Components, pro rata, any Interest Carry Forward Amount for such Class or Component for such Distribution Date; (iii) concurrently, to the Components, pro rata in accordance with their Unpaid Realized Loss Amounts, any Class 3-A-3 Realized Loss Amortization Amount; (iv) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-M-1 Certificates; (v) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-M-1 Certificates; (vi) to pay any Class 3-M-1 Realized Loss Amortization Amount for such Distribution Date; (vii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-M-2 Certificates; (viii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-M-2 Certificates; (ix) to pay any Class 3-M-2 Realized Loss Amortization Amount for such Distribution Date; (x) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-1 Certificates; (xi) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-1 Certificates; (xii) to pay any Class 3-B-1 Realized Loss Amortization Amount for such Distribution Date; (xiii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-2 Certificates; (xiv) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-2 Certificates; (xv) to pay any Class 3-B-2 Realized Loss Amortization Amount for such Distribution Date; (xvi) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-3 Certificates; (xvii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-3 Certificates; (xviii) to pay any Class 3-B-3 Realized Loss Amortization Amount for such Distribution Date; (xix) first, concurrently, to the Group 3 Senior Certificates (other than the Class 3-A-3 Certificates), pro rata, and then sequentially, to the Components and the Class 3-M-1, Class 3-M-2, Class 3-B-1, Class 3-B-2 and Class 3-B-3 Certificates, in that order, any Cap Carryover Amount for each such class or Component; and (xx) to pay to the Class 3-CE Certificates, up to the Class 3-CE Distributable Amount for such Distribution Date. On each Distribution Date, there shall be distributed to the Holder of the Class 1-A-R Certificate, any remaining amount in the Distribution Account in respect of Loan Group 3 on such date after the application pursuant to Sections 5.03(a), 5.03(b) and 5.03(c)(i)-(xx).

Distributions of Monthly Excess Cashflow Amounts. 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: (i) concurrently, to the Group 3 Senior Class A Certificates and Components, pro rata, any remaining Accrued Certificate Interest or Accrued Component Interest for such Class or Component for such Distribution Date; (ii) concurrently, to the Group 3 Senior Class A Certificates and Components, pro rata, any Interest Carry Forward Amount for such Class or Component for such Distribution Date; (iii) concurrently, to the Components, pro rata in accordance with their Unpaid Realized Loss Amounts, any Class 3-A-3 Realized Loss Amortization Amount; (iv) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-M-1 Certificates; (v) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-M-1 Certificates; (vi) to pay any Class 3-M-1 Realized Loss Amortization Amount for such Distribution Date; (vii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-M-2 Certificates; (viii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-M-2 Certificates; (ix) to pay any Class 3-M-2 Realized Loss Amortization Amount for such Distribution Date; (x) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-1 Certificates; (xi) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-1 Certificates; (xii) to pay any Class 3-B-1 Realized Loss Amortization Amount for such Distribution Date; (xiii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-2 Certificates; (xiv) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-2 Certificates; (xv) to pay any Class 3-B-2 Realized Loss Amortization Amount for such Distribution Date; (xvi) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-3 Certificates; (xvii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-3 Certificates; (xviii) to pay any Class 3-B-3 Realized Loss Amortization Amount for such Distribution Date; (xix) first, concurrently, to the Group 3 Senior Certificates (other than the Class 3-A-3 Certificates), pro rata, and then sequentially, to the Components and the Class 3-M-1, Class 3-M-2, Class 3-B-1, Class 3-B-2 and Class 3-B-3 Certificates, in that order, any Cap Carryover Amount for each such class or Component, as follows: (a) first, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata (based on the Cap Carryover Amount for each such class); (b) second, concurrently, to the Class A-3A and Class A-3B Components, pro rata (based on the Cap Carryover Amount for each such Component); and (c) third, sequentially, to the Class M-1, Class M-2, Class B-1, Class B-2 and Class B-3 Certificates, in that order; and (xx) to pay to the Class 3-CE Certificates, up to the Class 3-CE Distributable Amount for such Distribution Date. On each Distribution Date, there shall be distributed to the Holder of the Class 1-A-R Certificate, any remaining amount in the Distribution Account in respect of Loan Group 3 the Mortgage Loans on such date after the application pursuant to Sections 5.03(a5.02(a), 5.03(b5.02(b) and 5.03(c)(i)-(xx5.02(c)(i)-(xx).

Distributions of Monthly Excess Cashflow Amounts. 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: (i) concurrently, to the Group 3 Senior Certificates and Components, pro rata, pay any remaining Accrued Certificate Interest or Accrued Component Interest for such Class or Component for such Distribution DateDate for the Class 7-A-1 Certificates; (ii) concurrently, to the Group 3 Senior Certificates and Components, pro rata, pay any Interest Carry Forward Amount for such Class or Component Amounts for such Distribution DateDate for the Class 7-A-1 Certificates; (iii) concurrently, to the Components, pro rata in accordance with their Unpaid Realized Loss Amounts, any Class 3-A-3 Realized Loss Amortization Amount; (iv) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 37-M-1 Certificates; (viv) to pay the remaining Interest Carry Forward Amount, if any, for the Class 37-M-1 Certificates; (viv) to pay any Class 37-M-1 Realized Loss Amortization Amount for such Distribution Date; (viivi) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 37-M-2 Certificates; (viiivii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 37-M-2 Certificates; (ixviii) to pay any Class 37-M-2 Realized Loss Amortization Amount for such Distribution Date; (xix) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 37-B-1 M-3 Certificates; (xix) to pay the remaining Interest Carry Forward Amount, if any, for the Class 37-B-1 M-3 Certificates; (xiixi) to pay any Class 37-B-1 M-3 Realized Loss Amortization Amount for such Distribution Date; (xiiixii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-2 Certificates; (xiv) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-2 Certificates; (xv) to pay any Class 3-B-2 Realized Loss Amortization Amount for such Distribution Date; (xvi) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-3 Certificates; (xvii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-3 Certificates; (xviii) to pay any Class 3-B-3 Realized Loss Amortization Amount for such Distribution Date; (xix) first, concurrently, to the Group 3 Senior Certificates (other than the Class 3-A-3 Certificates), pro rata, and then sequentially, to the Components and the Class 37-A-1, Class 7-M-1, Class 37-M-2, Class 3-B-1, Class 3-B-2 M-2 and Class 37-B-3 M-3 Certificates, in that order, any Cap Carryover Amount for each such class or ComponentClass; and (xxxiii) to pay to the Class 37-CE Certificates, up to the Class 37-CE Distributable Amount for such Distribution Date. On each Distribution Date, there shall be distributed to the Holder of the Class 17-A-R LR Certificate, any remaining amount in the Distribution Account in respect of Loan Group 3 7 on such date after the application pursuant to Sections 5.03(a), 5.03(b) and 5.03(c)(i)-(xx5.03(c)(i)-(xiii).

Distributions of Monthly Excess Cashflow Amounts. 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: (i) concurrently, to the Group 3 5 Senior Certificates and Components, pro rata, any remaining Accrued Certificate Interest or Accrued Component Interest for such Class or Component for such Distribution Date; (ii) concurrently, to the Group 3 5 Senior Certificates and Components, pro rata, any Interest Carry Forward Amount for such Class or Component for such Distribution Date; (iii) concurrently, to the Components, pro rata in accordance with their Unpaid Realized Loss AmountsAmount, any Class 35-A-3 Realized Loss Amortization Amount; (iv) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 35-M-1 Certificates; (v) to pay the remaining Interest Carry Forward Amount, if any, for the Class 35-M-1 Certificates; (vi) to pay any Class 35-M-1 Realized Loss Amortization Amount for such Distribution Date; (vii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 35-M-2 Certificates; (viii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 35-M-2 Certificates; (ix) to pay any Class 35-M-2 Realized Loss Amortization Amount for such Distribution Date; (x) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 35-B-1 Certificates; (xi) to pay the remaining Interest Carry Forward Amount, if any, for the Class 35-B-1 Certificates; (xii) to pay any Class 35-B-1 Realized Loss Amortization Amount for such Distribution Date; (xiii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 35-B-2 Certificates; (xiv) to pay the remaining Interest Carry Forward Amount, if any, for the Class 35-B-2 Certificates; (xv) to pay any Class 35-B-2 Realized Loss Amortization Amount for such Distribution Date; (xvi) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-3 Certificates; (xvii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-3 Certificates; (xviii) to pay any Class 3-B-3 Realized Loss Amortization Amount for such Distribution Date; (xix) first, concurrently, to the Group 3 5 Senior Certificates (other than the Class 35-A-3 Certificates)) and Components, pro rata, and then sequentially, to the Components and the Class 35-M-1, Class 35-M-2, Class 35-B-1, B-1 and Class 35-B-2 and Class 3-B-3 Certificates, in that order, any Cap Carryover Amount for each such class or Component; and (xxxvii) to pay to the Class 35-CE Certificates, up to the Class 35-CE Distributable Amount for such Distribution Date. On each Distribution Date, there shall be distributed to the Holder of the Class 1-A-R Certificate, any remaining amount in the Distribution Account in respect of Loan Group 3 5 on such date after the application pursuant to Sections 5.03(a), 5.03(b) and 5.03(c)(i)-(xx5.03(c)(i)-(xvii).

Distributions of Monthly Excess Cashflow Amounts. 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: (i) concurrently, to the Group 3 4 Senior Certificates and Components, pro rata, any remaining Accrued Certificate Interest or Accrued Component Interest for such Class or Component for such Distribution Date; (ii) concurrently, to the Group 3 4 Senior Certificates and Components, pro rata, any Interest Carry Forward Amount for such Class or Component for such Distribution Date; (iii) concurrently, to the Components, pro rata in accordance with their Unpaid Realized Loss AmountsAmount, any Class 34-A-3 Realized Loss Amortization Amount; (iv) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 34-M-1 Certificates; (v) to pay the remaining Interest Carry Forward Amount, if any, for the Class 34-M-1 Certificates; (vi) to pay any Class 34-M-1 Realized Loss Amortization Amount for such Distribution Date; (vii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 34-M-2 Certificates; (viii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 34-M-2 Certificates; (ix) to pay any Class 34-M-2 Realized Loss Amortization Amount for such Distribution Date; (x) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 34-B-1 Certificates; (xi) to pay the remaining Interest Carry Forward Amount, if any, for the Class 34-B-1 Certificates; (xii) to pay any Class 34-B-1 Realized Loss Amortization Amount for such Distribution Date; (xiii) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 34-B-2 Certificates; (xiv) to pay the remaining Interest Carry Forward Amount, if any, for the Class 34-B-2 Certificates; (xv) to pay any Class 34-B-2 Realized Loss Amortization Amount for such Distribution Date; (xvi) to pay any remaining unpaid Accrued Certificate Interest for such Distribution Date for the Class 3-B-3 Certificates; (xvii) to pay the remaining Interest Carry Forward Amount, if any, for the Class 3-B-3 Certificates; (xviii) to pay any Class 3-B-3 Realized Loss Amortization Amount for such Distribution Date; (xix) first, concurrently, to the Group 3 4 Senior Certificates (other than the Class 34-A-3 Certificates)) and Components, pro rata, and then sequentially, to the Components and the Class 34-M-1, Class 34-M-2, Class 34-B-1, B-1 and Class 34-B-2 and Class 3-B-3 Certificates, in that order, any Cap Carryover Amount for each such class or Component; and (xxxvii) to pay to the Class 34-CE Certificates, up to the Class 34-CE Distributable Amount for such Distribution Date. On each Distribution Date, there shall be distributed to the Holder of the Class 14-A-R LR Certificate, any remaining amount in the Distribution Account in respect of Loan Group 3 4 on such date after the application pursuant to Sections 5.03(a), 5.03(b) and 5.03(c)(i)-(xx5.03(c)(i)-(xvii).