Distributions of Principal and Monthly Excess Cashflow Amounts. (a) On each Distribution Date, the Securities Administrator shall make the following distributions in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report and the calculations required to be made by the Securities Administrator), to the extent of the Principal Distribution Amount: (i) before the Stepdown Date or with respect to which a Trigger Event is in effect, sequentially, as follows: first, concurrently, as follows: (i) the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; and (ii) the Group II Principal Distribution Amount, to the Class AII-1 Certificates; second, concurrently, as follows: (i) the Group I Principal Distribution Amount remaining after priority first (i) above, to the Class AII-1 Certificates; and (ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0, Xxxxx X-8, Class M-9, Class M-10, Class M-11, Class M-12, Class M-13 and Class M-14 Certificates; and fourth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b). (ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect: first, concurrently, as follows: (i) from the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, up to an amount equal to the Group I Senior Principal Distribution Amount and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates up to an amount equal to the Group I Senior Principal Distribution Amount; and (ii) from the Group II Principal Distribution Amount, to the Class AII-1 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount; second, concurrently, as follows: (i) the Group I Principal Distribution Amount remaining after priority first (i) above, to the Class AII-1 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount not paid pursuant to priority first (ii) above; and (ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, up to an amount equal to the Group I Senior Principal Distribution Amount not paid pursuant to priority first (i) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount; fourth, to the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount; fifth, to the Class M-3 Certificates, up to the Class M-3 Principal Distribution Amount; sixth, to the Class M-4 Certificates, up to the Class M-4 Principal Distribution Amount; seventh, to the Class M-5 Certificates, up to the Class M-5 Principal Distribution Amount; eighth, to the Class M-6 Certificates, up to the Class M-6 Principal Distribution Amount; ninth, to the Class M-7 Certificates, up to the Class M-7 Principal Distribution Amount; tenth, to the Class M-8 Certificates, up to the Class M-8 Principal Distribution Amount; eleventh, to the Class M-9 Certificates, up to the Class M-9 Principal Distribution Amount; twelfth, to the Class M-10 Certificates, up to the Class M-10 Principal Distribution Amount; thirteenth, to the Class M-11 Certificates, up to the Class M-11 Principal Distribution Amount; fourteenth, to the Class M-12 Certificates, up to the Class M-12 Principal Distribution Amount; fifteenth, to the Class M-13 Certificates, up to the Class M-13 Principal Distribution Amount; sixteenth, to the Class M-14 Certificates, up to the Class M-14 Principal Distribution Amount; and seventeenth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b). (b) On each Distribution Date, any Monthly Excess Cashflow Amount remaining after distributions made pursuant to Section 4.02(f) on such Distribution Date shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (i) to the Class A Certificates, pro rata, any remaining Accrued Certificate Interest for such Distribution Date; (ii) to the Class A Certificates, pro rata, any Interest Carry Forward Amounts for such Classes for such Distribution Date; (iii) to the Class M-1 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (iv) to the Class M-1 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (v) to the Class M-1 Certificates, any Class M-1 Realized Loss Amortization Amount for such Distribution Date; (vi) to the Class M-2 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (vii) to the Class M-2 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (viii) to the Class M-2 Certificates, any Class M-2 Realized Loss Amortization Amount for such Distribution Date; (ix) to the Class M-3 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (x) to the Class M-3 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xi) to the Class M-3 Certificates, any Class M-3 Realized Loss Amortization Amount for such Distribution Date; (xii) to the Class M-4 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xiii) to the Class M-4 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xiv) to the Class M-4 Certificates, any Class M-4 Realized Loss Amortization Amount for such Distribution Date; (xv) to the Class M-5 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xvi) to the Class M-5 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xvii) to the Class M-5 Certificates, any Class M-5 Realized Loss Amortization Amount for such Distribution Date; (xviii) to the Class M-6 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xix) to the Class M-6 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xx) to the Class M-6 Certificates, any Class M-6 Realized Loss Amortization Amount for such Distribution Date; (xxi) to the Class M-7 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xxii) to the Class M-7 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xxiii) to the Class M-7 Certificates, any Class M-7 Realized Loss Amortization Amount for such Distribution Date; (xxiv) to the Class M-8 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xxv) to the Class M-8 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xxvi) to the Class M-8 Certificates, any Class M-8 Realized Loss Amortization Amount for such Distribution Date; (xxvii) to the Class M-9 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xxviii) to the Class M-9 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xxix) to the Class M-9 Certificates, any Class M-9 Realized Loss Amortization Amount for such Distribution Date; (xxx) to the Class M-10 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xxxi) to the Class M-10 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xxxii) to the Class M-10 Certificates, any Class M-10 Realized Loss Amortization Amount for such Distribution Date; (xxxiii) to the Class M-11 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xxxiv) to the Class M-11 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xxxv) to the Class M-11 Certificates, any Class M-11 Realized Loss Amortization Amount for such Distribution Date; (xxxvi) to the Class M-12 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xxxvii) to the Class M-12 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xxxviii) to the Class M-12 Certificates, any Class M-12 Realized Loss Amortization Amount for such Distribution Date; (xxxix) to the Class M-13 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xl) to the Class M-13 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xli) to the Class M-13 Certificates, any Class M-13 Realized Loss Amortization Amount for such Distribution Date;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-1 Trust)
Distributions of Principal and Monthly Excess Cashflow Amounts. (a) On each Distribution Date, the Securities Administrator shall make the following distributions in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report and the calculations required to be made by the Securities Administrator), to the extent of the Principal Distribution Amount:
(i) before the Stepdown Date or with respect to which a Trigger Event is in effect, sequentially, as follows: first, concurrently, as follows:
(i) the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effectprior to the Subordination Depletion Date, concurrentlysequentially, to the Class AI-1A AI-1, Class AI-2 and Class AI-1B Certificates, pro rata, AI-3 Certificates and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effector after the Subordination Depletion Date, sequentiallyconcurrently, to the Class AI-1A AI-1, Class AI-2 and Class AI-1B AI-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effectprior to the Subordination Depletion Date, concurrentlysequentially, to the Class AI-1A AI-1, Class AI-2 and Class AI-1B Certificates, pro rata, AI-3 Certificates and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effector after the Subordination Depletion Date, sequentiallyconcurrently, to the Class AI-1A AI-1, Class AI-2 and Class AI-1B AI-3 Certificates, pro rata; third, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0, Xxxxx X-8, Class M-9, Class M-10, Class M-11, Class M-12, Class M-13 M-9 and Class M-14 B-1 Certificates; and fourth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect: first, concurrently, as follows:
(i) from the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effectprior to the Subordination Depletion Date, concurrentlysequentially, to the Class AI-1A AI-1, Class AI-2 and Class AI-1B AI-3 Certificates, pro rata, up to an amount equal to the Group I Senior Principal Distribution Amount and (b) with respect to any each Distribution Date on which a Sequential Trigger Event is in effector after the Subordination Depletion Date, sequentially, concurrently to the Class AI-1A AI-1, Class AI-2 and Class AI-1B Certificates AI-3 Certificates, pro rata, up to an amount equal to the Group I Senior Principal Distribution Amount; and
(ii) from the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata, up to an amount equal to the Group II Senior Principal Distribution Amount; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, to the Class AII-1 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount not paid pursuant to priority first (ii) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, up to an amount equal to the Group I Senior Principal Distribution Amount not paid pursuant to priority first (i) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effectprior to the Subordination Depletion Date, concurrentlysequentially, to the Class AI-1A AI-1, Class AI-2 and Class AI-1B AI-3 Certificates, pro rata, and (b) with respect to any each Distribution Date on which a Sequential Trigger Event is in effector after the Subordination Depletion Date, sequentiallyconcurrently, to the Class AI-1A AI-1, Class AI-2 and Class AI-1B AI-3 Certificates, pro rata; third, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount; fourth, to the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount; fifth, to the Class M-3 Certificates, up to the Class M-3 Principal Distribution Amount; sixth, to the Class M-4 Certificates, up to the Class M-4 Principal Distribution Amount; seventh, to the Class M-5 Certificates, up to the Class M-5 Principal Distribution Amount; eighth, to the Class M-6 Certificates, up to the Class M-6 Principal Distribution Amount; ninth, to the Class M-7 Certificates, up to the Class M-7 Principal Distribution Amount; tenth, to the Class M-8 Certificates, up to the Class M-8 Principal Distribution Amount; eleventh, to the Class M-9 Certificates, up to the Class M-9 Principal Distribution Amount; twelfth, to the Class M-10 B-1 Certificates, up to the Class M-10 Principal Distribution Amount; thirteenth, to the Class M-11 Certificates, up to the Class M-11 Principal Distribution Amount; fourteenth, to the Class M-12 Certificates, up to the Class M-12 Principal Distribution Amount; fifteenth, to the Class M-13 Certificates, up to the Class M-13 Principal Distribution Amount; sixteenth, to the Class M-14 Certificates, up to the Class M-14 B-1 Principal Distribution Amount; and seventeenththirteenth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(b) On each Distribution Date, any Monthly Excess Cashflow Amount remaining after distributions made pursuant to Section 4.02(f) on such Distribution Date shall be distributed, to the extent available, in the following order of priority on such Distribution Date:
(i) to the Class A Certificates, pro rata, any remaining Accrued Certificate Interest for such Distribution Date;
(ii) to the Class A Certificates, pro rata, any remaining Interest Carry Forward Amounts for such Classes for such Distribution Date;
(iii) to the Class M-1 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(iv) to the Class M-1 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(v) to the Class M-1 Certificates, any Class M-1 Realized Loss Amortization Amount for such Distribution Date;
(vi) to the Class M-2 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(viivi) to the Class M-2 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(viii) to the Class M-2 Certificates, any Class M-2 Realized Loss Amortization Amount for such Distribution Date;
(ixvii) to the Class M-3 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xviii) to the Class M-3 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xi) to the Class M-3 Certificates, any Class M-3 Realized Loss Amortization Amount for such Distribution Date;
(xiiix) to the Class M-4 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xiiix) to the Class M-4 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xiv) to the Class M-4 Certificates, any Class M-4 Realized Loss Amortization Amount for such Distribution Date;
(xvxi) to the Class M-5 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xvixii) to the Class M-5 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xvii) to the Class M-5 Certificates, any Class M-5 Realized Loss Amortization Amount for such Distribution Date;
(xviiixiii) to the Class M-6 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xixxiv) to the Class M-6 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xx) to the Class M-6 Certificates, any Class M-6 Realized Loss Amortization Amount for such Distribution Date;
(xxixv) to the Class M-7 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxiixvi) to the Class M-7 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxiii) to the Class M-7 Certificates, any Class M-7 Realized Loss Amortization Amount for such Distribution Date;
(xxivxvii) to the Class M-8 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxvxviii) to the Class M-8 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxvi) to the Class M-8 Certificates, any Class M-8 Realized Loss Amortization Amount for such Distribution Date;
(xxviixix) to the Class M-9 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxviiixx) to the Class M-9 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxixxxi) to the Class M-9 Certificates, any Class M-9 Realized Loss Amortization Amount for such Distribution Date;
(xxx) to the Class M-10 B-1 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxixxii) to the Class M-10 B-1 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxiii) to the Class M-1 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxiv) to the Class M-2 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxv) to the Class M-3 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxvi) to the Class M-4 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxvii) to the Class M-5 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxviii) to the Class M-6 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxix) to the Class M-7 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxx) to the Class M-8 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxxi) to the Class M-9 Certificates, any Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxxii) to the Class M-10 B-1 Certificates, any Class M-10 Realized Loss Amortization Amount for such Class for such Distribution Date;
(xxxiii) sequentially, as follows:
(a) concurrently, to the Class M-11 A Certificates, pro rata (based on the Cap Carryover Amount for each such Class) any Cap Carryover Amount for such Class; and
(b) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0, Xxxxx X-8, Class M-9 and Class B-1 Certificates, any remaining unpaid Accrued Certificate Interest Cap Carryover Amount for such Distribution Date;Class; and
(xxxiv) to the Class M-11 CE Certificates, any remaining Interest Carry Forward up to the Class CE Distributable Amount for such Distribution Date;. On each Distribution Date, there shall be distributed to the Holder of the Class R-1 Certificate, any remaining amount in the Distribution Account on such date after the application pursuant to Sections 4.01, 4.02(a) and 4.02(b)(i)-(xxxiv).
(xxxvc) On each Distribution Date, the Securities Administrator shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Penalties collected by the Servicer in connection with the Principal Prepayment in full of any of the Mortgage Loans, any Originator Prepayment Penalty Payment Amounts or Servicer Prepayment Penalty Payment Amounts and shall distribute such amounts to the Holders of the Class P Certificates. Such amounts shall be treated as having been distributed to the Holders of the Class P Certificates from the Grantor Trust.
(d) Any amounts distributed to the Certificates (other than the Class CE, Class P and Residual Certificates) in respect of interest pursuant to Section 4.02(b)(xxxiii) that constitute Cap Carryover Amounts shall be deemed distributed as first, a distribution by REMIC 2 in respect of the Class CE Uncertificated Interest, and then as a distribution to the Class M-11 CE Certificates and then, a distribution to the applicable Certificates from the Grantor Trust, in either case, as payments on notional principal contracts in the nature of cap contracts. Any remaining amount with respect to the Class CE Certificates or any remaining Yield Maintenance Agreement Payments shall be treated as having been distributed to the Holders of the Class CE Certificates from the Grantor Trust. Any payment of Cap Carryover Amounts to the Class M or Class B-1 Certificates in which the source of funds is a Yield Maintenance Agreement Payment or a distribution from the Reserve Account shall be deemed to be distributed from the Grantor Trust.
(e) On each Distribution Date, Unpaid Realized Loss Amounts on the Class M and Class B-1 Certificates will be reduced by the amount of any Subsequent Recoveries received during the related Prepayment Period in the following order of priority on such Distribution Date: Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class B-1 Certificates.
(f) On each Distribution Date, prior to any distributions of the Monthly Excess Cashflow Amount pursuant to Section 4.02(b), any Monthly Excess Interest Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (i) concurrently, based on each Class' Interest Percentage of the Current Interest Shortfall for such Distribution Date, to the Class A Certificates, pro rata, and (ii) sequentially, up to each Class' Interest Percentage of the Current Interest Shortfall for such Distribution Date, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9 and Class B-1 Certificates.
(g) Notwithstanding anything to the contrary contained in this Agreement, if the principal balance of a Class of Certificates is reduced to zero, such Class shall be entitled to any Class M-11 remaining Cap Carryover Amount and any unpaid Realized Loss Amortization Amount for such on future Distribution Date;
(xxxvi) to the Class M-12 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxvii) to the Class M-12 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxviii) to the Class M-12 Certificates, any Class M-12 Realized Loss Amortization Amount for such Distribution Date;
(xxxix) to the Class M-13 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xl) to the Class M-13 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xli) to the Class M-13 Certificates, any Class M-13 Realized Loss Amortization Amount for such Distribution Date;Dates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-4 Trust)
Distributions of Principal and Monthly Excess Cashflow Amounts. (a) On each Distribution Date, the Securities Administrator shall make the following distributions in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report and the calculations required to be made by the Securities Administrator), to the extent of the Principal Distribution Amount:
(i) before the Stepdown Date or with respect to which a Trigger Event is in effect, sequentially, as follows: first, concurrently, as follows:
(i) the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; and
(ii) the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0, Xxxxx X-8, Class M-9, Class M-10, Class M-11, Class M-12, M-12 and Class M-13 and Class M-14 Certificates; and fourth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect: first, concurrently, as follows:
(i) from the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, up to an amount equal to the Group I Senior Principal Distribution Amount and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates up to an amount equal to the Group I Senior Principal Distribution Amount; and
(ii) from the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata, up to an amount equal to the Group II Senior Principal Distribution Amount; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, to the Class AII-1 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount not paid pursuant to priority first (ii) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, up to an amount equal to the Group I Senior Principal Distribution Amount not paid pursuant to priority first (i) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount; fourth, to the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount; fifth, to the Class M-3 Certificates, up to the Class M-3 Principal Distribution Amount; sixth, to the Class M-4 Certificates, up to the Class M-4 Principal Distribution Amount; seventh, to the Class M-5 Certificates, up to the Class M-5 Principal Distribution Amount; eighth, to the Class M-6 Certificates, up to the Class M-6 Principal Distribution Amount; ninth, to the Class M-7 Certificates, up to the Class M-7 Principal Distribution Amount; tenth, to the Class M-8 Certificates, up to the Class M-8 Principal Distribution Amount; eleventh, to the Class M-9 Certificates, up to the Class M-9 Principal Distribution Amount; twelfth, to the Class M-10 Certificates, up to the Class M-10 Principal Distribution Amount; thirteenth, to the Class M-11 Certificates, up to the Class M-11 Principal Distribution Amount; fourteenth, to the Class M-12 Certificates, up to the Class M-12 Principal Distribution Amount; fifteenth, to the Class M-13 Certificates, up to the Class M-13 Principal Distribution Amount; and sixteenth, to the Class M-14 Certificates, up to the Class M-14 Principal Distribution Amount; and seventeenth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(b) On each Distribution Date, any Monthly Excess Cashflow Amount remaining after distributions made pursuant to Section 4.02(f) on such Distribution Date shall be distributed, to the extent available, in the following order of priority on such Distribution Date:
(i) to the Class A Certificates, pro rata, any remaining Accrued Certificate Interest for such Distribution Date;
(ii) to the Class A Certificates, pro rata, any Interest Carry Forward Amounts for such Classes for such Distribution Date;
(iii) to the Class M-1 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(iv) to the Class M-1 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(v) to the Class M-1 Certificates, any Class M-1 Realized Loss Amortization Amount for such Distribution Date;
(vi) to the Class M-2 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(vii) to the Class M-2 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(viii) to the Class M-2 Certificates, any Class M-2 Realized Loss Amortization Amount for such Distribution Date;
(ix) to the Class M-3 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(x) to the Class M-3 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xi) to the Class M-3 Certificates, any Class M-3 Realized Loss Amortization Amount for such Distribution Date;
(xii) to the Class M-4 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xiii) to the Class M-4 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xiv) to the Class M-4 Certificates, any Class M-4 Realized Loss Amortization Amount for such Distribution Date;
(xv) to the Class M-5 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xvi) to the Class M-5 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xvii) to the Class M-5 Certificates, any Class M-5 Realized Loss Amortization Amount for such Distribution Date;
(xviii) to the Class M-6 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xix) to the Class M-6 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xx) to the Class M-6 Certificates, any Class M-6 Realized Loss Amortization Amount for such Distribution Date;
(xxi) to the Class M-7 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxii) to the Class M-7 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxiii) to the Class M-7 Certificates, any Class M-7 Realized Loss Amortization Amount for such Distribution Date;
(xxiv) to the Class M-8 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxv) to the Class M-8 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxvi) to the Class M-8 Certificates, any Class M-8 Realized Loss Amortization Amount for such Distribution Date;
(xxvii) to the Class M-9 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxviii) to the Class M-9 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxix) to the Class M-9 Certificates, any Class M-9 Realized Loss Amortization Amount for such Distribution Date;
(xxx) to the Class M-10 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxi) to the Class M-10 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxii) to the Class M-10 Certificates, any Class M-10 Realized Loss Amortization Amount for such Distribution Date;
(xxxiii) to the Class M-11 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxiv) to the Class M-11 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxv) to the Class M-11 Certificates, any Class M-11 Realized Loss Amortization Amount for such Distribution Date;
(xxxvi) to the Class M-12 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxvii) to the Class M-12 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxviii) to the Class M-12 Certificates, any Class M-12 Realized Loss Amortization Amount for such Distribution Date;
(xxxix) to the Class M-13 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xl) to the Class M-13 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xli) to the Class M-13 Certificates, any Class M-13 Realized Loss Amortization Amount for such Distribution Date;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-2 Trust)
Distributions of Principal and Monthly Excess Cashflow Amounts. (a) On each Distribution Date, the Securities Administrator shall make the following distributions in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report and the calculations required to be made by the Securities Administrator), to the extent of the Principal Distribution Amount:
(i) before the Stepdown Date or with respect to which a Trigger Event is in effect, sequentially, as follows: first, concurrently, as follows:
(i) the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; and
(ii) the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, sequentially, to the Class M-1X-0, Class M-2Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0M-7, Xxxxx X-8Class M-8, Class M-9, Class M-10, Class M-11, Class M-12, M-12 and Class M-13 and Class M-14 Certificates; and fourth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect: first, concurrently, as follows:
(i) from the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, up to an amount equal to the Group I Senior Principal Distribution Amount and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates up to an amount equal to the Group I Senior Principal Distribution Amount; and
(ii) from the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 AII-1, Class AII-2 and Class AII-3 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata, up to an amount equal to the Group II Senior Principal Distribution Amount; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, to the Class AII-1 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount not paid pursuant to priority first (ii) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, up to an amount equal to the Group I Senior Principal Distribution Amount not paid pursuant to priority first (i) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount; fourth, to the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount; fifth, to the Class M-3 Certificates, up to the Class M-3 Principal Distribution Amount; sixth, to the Class M-4 Certificates, up to the Class M-4 Principal Distribution Amount; seventh, to the Class M-5 Certificates, up to the Class M-5 Principal Distribution Amount; eighth, to the Class M-6 Certificates, up to the Class M-6 Principal Distribution Amount; ninth, to the Class M-7 Certificates, up to the Class M-7 Principal Distribution Amount; tenth, to the Class M-8 Certificates, up to the Class M-8 Principal Distribution Amount; eleventh, to the Class M-9 Certificates, up to the Class M-9 Principal Distribution Amount; twelfth, to the Class M-10 Certificates, up to the Class M-10 Principal Distribution Amount; thirteenth, to the Class M-11 Certificates, up to the Class M-11 Principal Distribution Amount; fourteenth, to the Class M-12 Certificates, up to the Class M-12 Principal Distribution Amount; fifteenth, to the Class M-13 Certificates, up to the Class M-13 Principal Distribution Amount; and sixteenth, to the Class M-14 Certificates, up to the Class M-14 Principal Distribution Amount; and seventeenth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(b) On each Distribution Date, any Monthly Excess Cashflow Amount remaining after distributions made pursuant to Section 4.02(f) on such Distribution Date shall be distributed, to the extent available, in the following order of priority on such Distribution Date:
(i) to the Class A Certificates, pro rata, any remaining Accrued Certificate Interest for such Distribution Date;
(ii) to the Class A Certificates, pro rata, any Interest Carry Forward Amounts for such Classes for such Distribution Date;
(iii) to the Class M-1 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(iv) to the Class M-1 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(v) to the Class M-1 Certificates, any Class M-1 Realized Loss Amortization Amount for such Distribution Date;
(vi) to the Class M-2 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(vii) to the Class M-2 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(viii) to the Class M-2 Certificates, any Class M-2 Realized Loss Amortization Amount for such Distribution Date;
(ix) to the Class M-3 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(x) to the Class M-3 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xi) to the Class M-3 Certificates, any Class M-3 Realized Loss Amortization Amount for such Distribution Date;
(xii) to the Class M-4 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xiii) to the Class M-4 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xiv) to the Class M-4 Certificates, any Class M-4 Realized Loss Amortization Amount for such Distribution Date;
(xv) to the Class M-5 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xvi) to the Class M-5 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xvii) to the Class M-5 Certificates, any Class M-5 Realized Loss Amortization Amount for such Distribution Date;
(xviii) to the Class M-6 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xix) to the Class M-6 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xx) to the Class M-6 Certificates, any Class M-6 Realized Loss Amortization Amount for such Distribution Date;
(xxi) to the Class M-7 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxii) to the Class M-7 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxiii) to the Class M-7 Certificates, any Class M-7 Realized Loss Amortization Amount for such Distribution Date;
(xxiv) to the Class M-8 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxv) to the Class M-8 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxvi) to the Class M-8 Certificates, any Class M-8 Realized Loss Amortization Amount for such Distribution Date;
(xxvii) to the Class M-9 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxviii) to the Class M-9 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxix) to the Class M-9 Certificates, any Class M-9 Realized Loss Amortization Amount for such Distribution Date;
(xxx) to the Class M-10 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxi) to the Class M-10 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxii) to the Class M-10 Certificates, any Class M-10 Realized Loss Amortization Amount for such Distribution Date;
(xxxiii) to the Class M-11 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxiv) to the Class M-11 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxv) to the Class M-11 Certificates, any Class M-11 Realized Loss Amortization Amount for such Distribution Date;
(xxxvi) to the Class M-12 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxvii) to the Class M-12 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxviii) to the Class M-12 Certificates, any Class M-12 Realized Loss Amortization Amount for such Distribution Date;
(xxxix) to the Class M-13 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xl) to the Class M-13 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xli) to the Class M-13 Certificates, any Class M-13 Realized Loss Amortization Amount for such Distribution Date;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wells Fargo Asset Securities Corp)
Distributions of Principal and Monthly Excess Cashflow Amounts. (a) On each Distribution Date, the Securities Administrator shall make the following distributions in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report and the calculations required to be made by the Securities Administrator), to the extent of the Principal Distribution Amount:
(i) before the Stepdown Date or with respect to which a Trigger Event is in effect, sequentially, as follows: first, concurrently, as follows:
(i) the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; and
(ii) the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0, Xxxxx X-8, Class M-9, Class M-10, Class M-11, Class M-12, Class M-13 M-10 and Class M-14 M-11 Certificates; and fourth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(ii) on or after the Stepdown Date and as long as a Trigger Event is not in effect: first, concurrently, as follows:
(i) from the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, up to an amount equal to the Group I Senior Principal Distribution Amount and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates up to an amount equal to the Group I Senior Principal Distribution Amount; and
(ii) from the Group II Principal Distribution Amount, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class AII-1 RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata, up to an amount equal to the Group II Senior Principal Distribution Amount; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, to the Class AII-1 Certificates, up to an amount equal to the Group II Senior Principal Distribution Amount not paid pursuant to priority first (ii) above, (a) with respect to each Distribution Date prior to the Subordination Depletion Date, sequentially, to the Class RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates, and (b) with respect to each Distribution Date on or after the Subordination Depletion Date, concurrently, to the Class RII-1, Class RII-2, Class RII-3, Class AII-1, Class AII-2 and Class AII-3 Certificates, pro rata; and
(ii) the Group II Principal Distribution Amount remaining after priority first (ii) above, up to an amount equal to the Group I Senior Principal Distribution Amount not paid pursuant to priority first (i) above, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates; third, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount; fourth, to the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount; fifth, to the Class M-3 Certificates, up to the Class M-3 Principal Distribution Amount; sixth, to the Class M-4 Certificates, up to the Class M-4 Principal Distribution Amount; seventh, to the Class M-5 Certificates, up to the Class M-5 Principal Distribution Amount; eighth, to the Class M-6 Certificates, up to the Class M-6 Principal Distribution Amount; ninth, to the Class M-7 Certificates, up to the Class M-7 Principal Distribution Amount; tenth, to the Class M-8 Certificates, up to the Class M-8 Principal Distribution Amount; eleventh, to the Class M-9 Certificates, up to the Class M-9 Principal Distribution Amount; twelfth, to the Class M-10 Certificates, up to the Class M-10 Principal Distribution Amount; thirteenth, to the Class M-11 Certificates, up to the Class M-11 Principal Distribution Amount; and fourteenth, to the Class M-12 Certificates, up to the Class M-12 Principal Distribution Amount; fifteenth, to the Class M-13 Certificates, up to the Class M-13 Principal Distribution Amount; sixteenth, to the Class M-14 Certificates, up to the Class M-14 Principal Distribution Amount; and seventeenth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).
(b) On each Distribution Date, any Monthly Excess Cashflow Amount remaining after distributions made pursuant to Section 4.02(f) on such Distribution Date shall be distributed, to the extent available, in the following order of priority on such Distribution Date:
(i) to the Class A Certificates, pro rata, any remaining Accrued Certificate Interest for such Distribution Date;
(ii) to the Class A Certificates, pro rata, any Interest Carry Forward Amounts for such Classes for such Distribution Date;
(iii) to the Class M-1 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(iv) to the Class M-1 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(v) to the Class M-1 Certificates, any Class M-1 Realized Loss Amortization Amount for such Distribution Date;
(vi) to the Class M-2 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(viivi) to the Class M-2 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(viii) to the Class M-2 Certificates, any Class M-2 Realized Loss Amortization Amount for such Distribution Date;
(ixvii) to the Class M-3 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xviii) to the Class M-3 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xi) to the Class M-3 Certificates, any Class M-3 Realized Loss Amortization Amount for such Distribution Date;
(xiiix) to the Class M-4 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xiiix) to the Class M-4 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xiv) to the Class M-4 Certificates, any Class M-4 Realized Loss Amortization Amount for such Distribution Date;
(xvxi) to the Class M-5 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xvixii) to the Class M-5 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xvii) to the Class M-5 Certificates, any Class M-5 Realized Loss Amortization Amount for such Distribution Date;
(xviiixiii) to the Class M-6 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xixxiv) to the Class M-6 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xx) to the Class M-6 Certificates, any Class M-6 Realized Loss Amortization Amount for such Distribution Date;
(xxixv) to the Class M-7 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxiixvi) to the Class M-7 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxiii) to the Class M-7 Certificates, any Class M-7 Realized Loss Amortization Amount for such Distribution Date;
(xxivxvii) to the Class M-8 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxvxviii) to the Class M-8 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxvi) to the Class M-8 Certificates, any Class M-8 Realized Loss Amortization Amount for such Distribution Date;
(xxviixix) to the Class M-9 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxviiixx) to the Class M-9 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxix) to the Class M-9 Certificates, any Class M-9 Realized Loss Amortization Amount for such Distribution Date;
(xxxxxi) to the Class M-10 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxixxii) to the Class M-10 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxii) to the Class M-10 Certificates, any Class M-10 Realized Loss Amortization Amount for such Distribution Date;
(xxxiiixxiii) to the Class M-11 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxivxxiv) to the Class M-11 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxvxxv) sequentially, as follows:
(a) concurrently, to the Class A Certificates, pro rata (based on the Cap Carryover Amount for each such Class) any Cap Carryover Amount for such Class; and
(b) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class X-0, Xxxxx X-8, Class M-9, Class M-10 and Class M-11 Certificates, any Cap Carryover Amount for such Class, after giving effect to any amounts received from the Reserve Account pursuant to Section 3.04(g); and
(xxvi) to the Class M-11 Realized Loss Amortization CE Certificates, up to the Class CE Distributable Amount for such Distribution Date;. On each Distribution Date, there shall be distributed to the Holder of the Class RII-1 Certificate any remaining amount in the Distribution Account on such date after the application pursuant to Sections 4.01, 4.02(a) and 4.02(b)(i)-(xxvi).
(xxxvic) On each Distribution Date, the Securities Administrator shall withdraw any amounts then on deposit in the Distribution Account that represent Prepayment Penalties collected by the Servicer in connection with the Principal Prepayment in full of any of the Mortgage Loans, any Originator Prepayment Penalty Payment Amounts or Servicer Prepayment Penalty Payment Amounts and shall distribute such amounts to the Holders of the Class P Certificates. Such amounts shall be treated as having been distributed to the Holders of the Class P Certificates from the Grantor Trust.
(d) Any amounts distributed to the Certificates (other than the Class CE, Class P and Residual Certificates) in respect of interest pursuant to Section 4.02(b)(xxv) that constitute Cap Carryover Amounts shall be deemed distributed (i) in the case of any Class of Class M Certificates, to the extent the source of such funds is a Yield Maintenance Agreement Payment or a distribution from the Reserve Account, from the Grantor Trust and (ii) otherwise, as first, a distribution by REMIC 2 in respect of the Class CE Uncertificated Interest, and then by REMIC 3 as a distribution to the Class M-12 CE Certificates and then, a distribution to the applicable Certificates from the Grantor Trust, in either case, as payments on notional principal contracts in the nature of cap contracts. Any remaining amount with respect to the Class CE Certificates or any remaining Yield Maintenance Agreement Payments shall be treated as having been distributed to the Holders of the Class CE Certificates from the Grantor Trust.
(e) On each Distribution Date, Unpaid Realized Loss Amounts on the Class M Certificates will be reduced by the amount of any Subsequent Recoveries received during the related Prepayment Period in the following order of priority on such Distribution Date: Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates.
(f) On each Distribution Date, prior to any distributions of the Monthly Excess Cashflow Amount pursuant to Section 4.02(b), any remaining unpaid Accrued Certificate Monthly Excess Interest Amount shall be distributed, to the extent available, in the following order of priority on such Distribution Date: (i) concurrently, based on each Class' Interest Percentage of the Current Interest Shortfall for such Distribution Date;
(xxxvii) , to the Class M-12 A Certificates, any remaining pro rata, and (ii) sequentially, up to each Class' Interest Carry Forward Amount Percentage of the Current Interest Shortfall for such Distribution Date;
(xxxviii) , to the Class M-12 M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10 and Class M-11 Certificates, any Class M-12 Realized Loss Amortization Amount for such Distribution Date;
(xxxix) to the Class M-13 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xl) to the Class M-13 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xli) to the Class M-13 Certificates, any Class M-13 Realized Loss Amortization Amount for such Distribution Date;.
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Samples: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-3 Trust)
Distributions of Principal and Monthly Excess Cashflow Amounts. (A) Distributions of Principal:
I. On each Distribution Date (a) On each Distribution Date, the Securities Administrator shall make the following distributions in the following order of priority (based upon the Mortgage Loan information provided prior to it in the Remittance Report and the calculations required to be made by the Securities Administrator), to the extent of the Principal Distribution Amount:
(i) before the Stepdown Date or with respect to (b) on which a Trigger Event is in effect, sequentially, as follows: first, concurrently, as follows:
(i) distributions in respect of principal to the extent of the Group I Principal Remittance Amount will be made to the Holders of the Group I Certificates (allocated among the Group I Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero.
II. On each Distribution Amount, Date (a) with respect prior to each Distribution the Stepdown Date or (b) on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, sequentially, distributions in respect of principal to the Class AI-1A and Class AI-1B Certificates; and
(ii) extent of the Group II Principal Distribution Amount, Remittance Amount will be made to the Class AII-1 Certificates; second, concurrently, as follows:
(i) the Group I Principal Distribution Amount remaining after priority first (i) above, to the Class AII-1 Certificates; and
(ii) Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero.
III. On each Distribution Amount remaining after priority first (ii) above, Date (a) with respect prior to each Distribution the Stepdown Date or (b) on which a Sequential Trigger Event is not in effect, concurrently, to the Class AI-1A and Class AI-1B Certificates, pro rata, and (b) with respect to each Distribution Date on which a Sequential Trigger Event is in effect, distributions in respect of principal to the extent of the Principal Remittance Amount remaining undistributed for such Distribution Date will be made in the following amounts and order of priority:
(i) if, following the distribution of the Group I Principal Remittance Amount as set forth in Section 4.02(A)(I), the Group I Enhancement Amount is less than the Group I Targeted Enhancement Amount, to the Holders of the Group I Certificates (allocated among the Group I Certificates in the priority described below), until the Group I Enhancement Amount is equal to the Group I Targeted Enhancement Amount;
(ii) if, following the distribution of the Group II Principal Remittance Amount as set forth in Section 4.02(A)(II), the Group II Enhancement Amount is less than the Group II Targeted Enhancement Amount, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), until the Group II Enhancement Amount is equal to the Group II Targeted Enhancement Amount;
(iii) to the Holders of the Group I Certificates (allocated among the Group I Certificates in the priority described below) and the Group II Certificates (allocated among the Group II Certificates in the priority described below), in that order, until the Certificate Principal Balances thereof have been reduced to zero; and
(iv) sequentially, to the Class AI-1A and Class AI-1B Certificates; third, sequentially, to Holders of the Class M-1, Class M-2, Class M-3, Class M-4B-1, Class M-5B-2, Class M-6, Class X-0, Xxxxx X-8, Class M-9, Class M-10, Class M-11, Class M-12, Class M-13 B-3 and Class M-14 B-4 Certificates; and fourth, any remaining in that order, until the Certificate Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b)Balances thereof have been reduced to zero.
IV. On each Distribution Date (iia) on or after the Stepdown Date and as long as (b) on which a Trigger Event is not in effect: first, concurrently, as follows:
(i) from distributions in respect of principal to the extent of the Group I Principal Distribution Amount, (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrently, Remittance Amount shall be made to the Class AI-1A and Class AI-1B Certificates, pro rata, up to an amount equal to Holders of the Group I Senior Principal Distribution Amount and Certificates (ballocated among the Group I Certificates in the priority described below) with respect to any Distribution Date on which a Sequential Trigger Event is in effect, sequentially, to the Class AI-1A and Class AI-1B Certificates up to an amount equal to the Group I Senior Principal Distribution Amount; and, until the Certificate Principal Balances thereof have been reduced to zero.
V. On each Distribution Date (iia) from on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group II Principal Distribution Amount, Remittance Amount shall be made to the Class AII-1 Certificates, up to Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below) in an amount equal to the Group II Senior Principal Distribution Amount; second, concurrentlyuntil the Certificate Principal Balances thereof have been reduced to zero.
VI. On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Principal Remittance Amount (as followsreduced by the amount of Overcollateralization Release Amount, if any) remaining undistributed for such Distribution Date shall be made in the following amounts and order of priority:
(i) if, following the distribution of the Group I Principal Remittance Amount as set forth in Section 4.02(A)(IV), any portion of the Group I Senior Principal Distribution Amount remaining after priority first (i) aboveremains undistributed, to the Class AII-1 CertificatesHolders of the Group I Certificates (allocated among the Group I Certificates in the priority described below), up to an amount equal to until the Group I Senior Principal Distribution Amount has been distributed in full;
(ii) if, following the distribution of the Group II Principal Remittance Amount as set forth in Section 4.02(A)(V), any portion of the Group II Senior Principal Distribution Amount not paid pursuant remains undistributed, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority first described below), until the Group II Senior Principal Distribution Amount has been distributed in full;
(iiiii) aboveto the Holders of the Group I Certificates (allocated among the Group I Certificates in the priority described below) and the Group II Certificates (allocated among the Group II Certificates in the priority described below), in that order, until the Senior Principal Distribution Amount has been distributed in full; and
(iiiv) sequentially, to the Group II Holders of the Class M-1, Class M-2, Class M-3, Class B-1, Class B-2, Class B-3 and Class B-4 Certificates, the related Subordinate Principal Distribution Amount remaining after priority first (ii) aboveAmount, up until the Certificate Principal Balances thereof have been reduced to an amount equal zero. With respect to the Group I Senior Principal Distribution Amount not paid pursuant to priority first Certificates, all principal distributions shall be distributed concurrently, on a PRO RATA basis (based on (i) abovethe Certificate Principal Balance of the Class AV-1 Certificates and (ii) the aggregate Certificate Principal Balance of the Class AV-2A, Class AV-2B and Class AV-2C Certificates, respectively) to (a) with respect to each Distribution Date on which a Sequential Trigger Event is not in effect, concurrentlythe Class AV-1 Certificates and (b) sequentially, to the Class AI-1A AV-2A, Class AV-2B and Class AI-1B AV-2C Certificates, pro ratain that order, and (b) with respect until their respective Certificate Principal Balances have been reduced to zero; provided, however, on any Distribution Date on which the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Overcollateralization Amount has been reduced to zero, notwithstanding anything contained herein to the contrary, all distributions of principal to the Group II Certificates will be distributed concurrently, on a Sequential Trigger Event is in effectPRO RATA basis based on the Certificate Principal Balance of each such Class. With respect to the Group II Certificates, all principal distributions will be distributed first, to the Holders of the Class AF-5 Certificates, the Lockout Distribution Percentage of such principal distributions, until the Certificate Principal Balance of the Class AF-5 Certificates has been reduced to zero and second, sequentially, to the Holders of the Class AI-1A AF-1, Class AF-2, Class AF-3, Class AF-4 and Class AI-1B AF-5 Certificates, in that order, until their respective Certificate Principal Balances have been reduced to zero; thirdprovided, however, on any Distribution Date on which the aggregate Certificate Principal Balance of the Mezzanine Certificates and the Overcollateralization Amount has been reduced to zero, notwithstanding anything contained herein to the Class M-1 Certificatescontrary, up all distributions of principal to the Class M-1 Principal Distribution Amount; fourth, to the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount; fifth, to the Class M-3 Certificates, up to the Class M-3 Principal Distribution Amount; sixth, to the Class M-4 Certificates, up to the Class M-4 Principal Distribution Amount; seventh, to the Class M-5 Certificates, up to the Class M-5 Principal Distribution Amount; eighth, to the Class M-6 Certificates, up to the Class M-6 Principal Distribution Amount; ninth, to the Class M-7 Certificates, up to the Class M-7 Principal Distribution Amount; tenth, to the Class M-8 Certificates, up to the Class M-8 Principal Distribution Amount; eleventh, to the Class M-9 Certificates, up to the Class M-9 Principal Distribution Amount; twelfth, to the Class M-10 Certificates, up to the Class M-10 Principal Distribution Amount; thirteenth, to the Class M-11 Certificates, up to the Class M-11 Principal Distribution Amount; fourteenth, to the Class M-12 Certificates, up to the Class M-12 Principal Distribution Amount; fifteenth, to the Class M-13 Certificates, up to the Class M-13 Principal Distribution Amount; sixteenth, to the Class M-14 Certificates, up to the Class M-14 Principal Distribution Amount; and seventeenth, any remaining Principal Distribution Amount Group I Certificates will be distributed as part concurrently, on a PRO RATA basis based on the Certificate Principal Balance of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b)each such Class.
(bB) On each Distribution Date, any Monthly Excess Cashflow Amount remaining after distributions made pursuant to Section 4.02(f) on such Distribution Date shall be distributed, to the extent available, in the following order of priority on such Distribution Date:
I. to the extent of the Extra Principal Distribution Amount:
(i) (A) if, on any Distribution Date prior to the Class A CertificatesStepdown Date or any Distribution Date after the Stepdown Date on which a Trigger Event is in effect, pro ratafollowing the distribution of the Principal Remittance Amount as set forth in Section 4.02(A)(I) and Section 4.02(A)(III), the Group I Enhancement Amount is less than the Group I Targeted Enhancement Amount, to the Holders of the Group I Certificates (allocated among the Group I Certificates the priority described under Section 4.02(A)), to the extent of the Group I Senior Excess Interest Amount, until the Group I Enhancement Amount is equal to the Group I Targeted Enhancement Amount and (B) if, on any Distribution Date after the Stepdown Date on which a Trigger Event is not in effect, following the distribution of the Principal Remittance Amount as set forth in Section 4.02(A)(IV) and Section 4.02(A)(VI), any remaining Accrued Certificate portion of the Group I Senior Principal Distribution Amount remains undistributed, to the Holders of the Group I Certificates (allocated among the Group I Certificates the priority described under Section 4.02(A)), to the extent of the Group I Senior Excess Interest for such Amount, until the Group I Senior Principal Distribution DateAmount has been distributed in full;
(ii) (A) if, on any Distribution Date prior to the Class A CertificatesStepdown Date or any Distribution Date after the Stepdown Date on which a Trigger Event is in effect, pro ratafollowing the distribution of the Principal Remittance Amount as set forth in Section 4.02(A)(II) and Section 4.02(A)(III), the Group II Enhancement Amount is less than the Group II Targeted Enhancement Amount, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described under Section 4.02(A)), to the extent of the Group II Senior Excess Interest Amount, until the Group II Enhancement Amount is equal to the Group II Targeted Enhancement Amount and (B) if, on any Distribution Date after the Stepdown Date on which a Trigger Event is not in effect, following the distribution of the Principal Remittance Amount as set forth in Section 4.02(A)(V) and Section 4.02(A)(VI), any portion of the Group II Senior Principal Distribution Amount remains undistributed, to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described under Section 4.02(A)), to the extent of the Group II Senior Excess Interest Carry Forward Amounts for such Classes for such Amount, until the Group II Senior Principal Distribution DateAmount has been distributed in full;
(iii) (A) if, on any Distribution Date prior to the Class M-1 CertificatesStepdown Date or any Distribution Date after the Stepdown Date on which a Trigger Event is in effect, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(ivfollowing the distribution of the Principal Remittance Amount as set forth in Section 4.02(A)(I) to the Class M-1 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(v) to the Class M-1 Certificates, any Class M-1 Realized Loss Amortization Amount for such Distribution Date;
(vi) to the Class M-2 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(vii) to the Class M-2 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(viii) to the Class M-2 Certificates, any Class M-2 Realized Loss Amortization Amount for such Distribution Date;
(ix) to the Class M-3 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(x) to the Class M-3 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xi) to the Class M-3 Certificates, any Class M-3 Realized Loss Amortization Amount for such Distribution Date;
(xii) to the Class M-4 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xiii) to the Class M-4 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xiv) to the Class M-4 Certificates, any Class M-4 Realized Loss Amortization Amount for such Distribution Date;
(xv) to the Class M-5 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xvi) to the Class M-5 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xvii) to the Class M-5 Certificates, any Class M-5 Realized Loss Amortization Amount for such Distribution Date;
(xviii) to the Class M-6 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xix) to the Class M-6 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xx) to the Class M-6 Certificates, any Class M-6 Realized Loss Amortization Amount for such Distribution Date;
(xxi) to the Class M-7 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxii) to the Class M-7 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxiii) to the Class M-7 Certificates, any Class M-7 Realized Loss Amortization Amount for such Distribution Date;
(xxiv) to the Class M-8 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxv) to the Class M-8 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxvi) to the Class M-8 Certificates, any Class M-8 Realized Loss Amortization Amount for such Distribution Date;
(xxvii) to the Class M-9 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxviii) to the Class M-9 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxix) to the Class M-9 Certificates, any Class M-9 Realized Loss Amortization Amount for such Distribution Date;
(xxx) to the Class M-10 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxi) to the Class M-10 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxii) to the Class M-10 Certificates, any Class M-10 Realized Loss Amortization Amount for such Distribution Date;
(xxxiii) to the Class M-11 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxiv) to the Class M-11 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxv) to the Class M-11 Certificates, any Class M-11 Realized Loss Amortization Amount for such Distribution Date;
(xxxvi) to the Class M-12 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date;
(xxxvii) to the Class M-12 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date;
(xxxviii) to the Class M-12 Certificates, any Class M-12 Realized Loss Amortization Amount for such Distribution Date;
(xxxix) to the Class M-13 Certificates, any remaining unpaid Accrued Certificate Interest for such Distribution Date; (xl) to the Class M-13 Certificates, any remaining Interest Carry Forward Amount for such Distribution Date; (xli) to the Class M-13 Certificates, any Class M-13 Realized Loss Amortization Amount for such Distribution Date;and Section
Appears in 1 contract
