Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount: (i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially: (A) concurrently: (1) from the Principal Distribution Amount for Loan Group 1, sequentially: (a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero, (b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero; (c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and (2) from the Principal Distribution Amount for Loan Group 2, sequentially: (a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and (b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and (B) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (C) any remainder as part of the Excess Cashflow. (ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially: (A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently: (1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and (2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero; (B) sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and (C) any remainder as part of the Excess Cashflow. (iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order: (A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero; (B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and (C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc10), Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc10)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority (with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:Distribution Amount exclusive of the portion thereof consisting of the Extra Principal Distribution Amount being applied first and the Extra Principal Distribution Amount being applied thereafter):
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,; and
(b) pro rata based on (1) the aggregate Class Certificate Balance of the Class A-1A, Class A-1B, Class A-1C and Class A-1D Certificates, (2) the Class Certificate Balance of the Class A-2 Certificates, (3) the Class Certificate Balance of the Class A-3 Certificates, (4) the aggregate Class Certificate Balance of the Class A-4A, Class A-4B and Class A-4C Certificates and (5) the Class Certificate Balance of the Class A-5 Certificates concurrently as follows:
(i) sequentially, to the Class 1-A A-1A, Class A-1B, Class A-1C and Class A-1D Certificates, in that order, until their respective Class Certificate Balances are reduced to zero;
(ii) to the Class A-2 Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(biii) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b))A-3 Certificates, until its Class Certificate Balance is reduced to zero; and;
(Biv) sequentially, to the Class X-0, Xxxxx X-0A-4A, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 A-4B and Class M-8 A-4C Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(Cv) to the Class A-5 Certificates, until its Class Certificate Balance is reduced to zero; and
(B) from the remaining Principal Distribution Amount, in the following order of priority:
(i) sequentially, to the Class M-1, Class M-2, Class X-0, Xxxss M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(ii) any remainder as part of the Excess Cashflow.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) from the Principal Distribution Amount, in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its aggregate Class Certificate Balance is reduced to zeroof the Class A-1A, and
Class A-1B, Class A-1C and Class A-1D Certificates, (2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or A-2 Certificates, (b3) the Class Certificate Balance of the Class A-3 Certificates, (4) the aggregate Class Certificate Balance of the Group 2 Senior Class A-4A, Class A-4B and Class A-4C Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata and (based on 5) the Class Certificate Balance of the Class 1-A A-5 Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificatesconcurrently as follows:
(i) sequentially, to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) Class A-1A, Class A-1B, Class A-1C and (2) above (andClass A-1D Certificates, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii))that order, until their respective Class Certificate Balances are reduced to zero;
(Bii) sequentially to the Class A-2 Certificates until its Class Certificate Balance is reduced to zero;
(iii) to the Class A-3 Certificates until its Class Certificate Balance is reduced to zero;
(iv) sequentially, to the Class A-4A, Class A-4B and Class A-4C Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(v) to the Class A-5 Certificates until its Class Certificate Balance is reduced to zero, and
(B) from the remaining Principal Distribution Amount, in the following order of priority:
(i) sequentially, to the Class M-1, Class M-2, Class X-0, Xxxxx X-0, Class M-3, Class Xxxss M-4, Class M-5, Class M-6, Class M-7 M-7, Class M-8 and Class M-8 M-9 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(Cii) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa16)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both with respect to each Loan Groups Group for such that Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the until that Principal Remittance AmountDistribution Amount has been fully distributed:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentiallyuntil the aggregate Class Certificate Balance of the Offered Certificates equals the Target Amount for that Distribution Date:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to in the Class A-R Certificatesfollowing priority: first, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificatesconcurrently, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of the Group 1 Senior Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and second, concurrently, to the Classes of the Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a))Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) in the following priority: first, concurrently, to the Classes of the Group 2 Senior Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and second, concurrently, to the Classes of Group 2 1 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and
(bB) from the remaining Principal Distribution Amounts for both Loan Groups, sequentially:
(1) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b))Certificate Insurer, until its Class Certificate Balance is reduced to zero; andany unreimbursed Reimbursement Amounts;
(B2) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4X-0, Class Xxxss M-5, Class M-6, Class M-7 M-7, Class M-8, Class M-9 and Class M-8 M-10 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(C3) any remainder as part of the Excess CashflowCashflow to be allocated as described under Section 4.02(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) in an amount up to from the Senior Principal Distribution Target AmountAmounts for each Loan Group, pro rata based on in the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificatesfollowing priority: first, concurrently:
(1a) in an amount up to the Group 1 Senior Principal Distribution AmountCertificates (from amounts in Loan Group 1, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2except as provided below) in an amount up and to the Group 2 Senior Certificates (from amounts in Loan Group 2, except as provided below), in each case in accordance with Section 4.02(b)(i), concurrently by Principal Allocation Percentage, in an amount equal to the lesser of (x) the Principal Distribution Amount, to Amount for the Classes of related Loan Group 2 for that Distribution Date and (y) the Senior Certificates, to be allocated among such Classes of Certificates in Principal Distribution Amount for the order provided in clause 4.02(b)(iii)related Loan Group for that Distribution Date, until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the each such Class 1-A Certificates has been reduced to zero; or (b) the aggregate otherwise to each Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero(in each case in accordance with Section 4.02(b)(i), then any remaining unpaid Senior concurrently by Principal Allocation Percentage), the Principal Distribution Target Amount will be distributed pro rata (based on for the related Loan Group for that Distribution Date; second, to the Certificate Insurer, any unreimbursed Reimbursement Amounts; third, to the Class M-1 Certificates, the Class M-1 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero; fourth, to the Class 1-A Certificates or M-2 Certificates, the aggregate Class M-2 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective that Class Certificate Balances are has been reduced to zero;
(B) sequentially ; fifth, to the Class X-0M-3 Certificates, Xxxxx X-0the Class M-3 Principal Distribution Amount for that Distribution Date, until the Class M-3Certificate Balance of that Class has been reduced to zero; sixth , to the Class M-4M-4 Certificates, the Class M-5M-4 Principal Distribution Amount for that Distribution Date, until the Class M-6Certificate Balance of that Class has been reduced to zero; seventh , to the Class M-5 Certificates, the Class M-5 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero; eighth , to the Class M-6 Certificates, the Class M-6 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero; ninth , to the Class M-7 and Certificates, the Class M-7 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero; tenth , to the Class M-8 Certificates, in that order, the Subordinated Class M-8 Principal Distribution Target Amount for each such Classthat Distribution Date, in each case until its the Class Certificate Balance is of that Class has been reduced to zero; and
(C) eleventh , to the Class M-9 Certificates, the Class M-9 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero; twelfth , to the Class M-10 Certificates, the Class M-10 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero; and thirteenth, any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal Cashflow to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(Aallocated as described under 4.02(c) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zerobelow.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar6)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance AmountAmount and the Extra Principal Distribution Amount being applied thereafter:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) concurrently and on a pro rata basis based on (1) the aggregate Class Certificate Balance of the Class A-1A, Class A-1B and Class A-1C Certificates, (2) the Class Certificate Balance of the Class A-2 Certificates, (3) the aggregate Class Certificate Balance of the Class A-3A, Class A-3B-1 and Class A-3B-2 Certificates, (4) the Class Certificate Balance of the Class A-4 Certificates, and (5) the Class Certificate Balance of the Class A-5 Certificates:
(i) sequentially, to the Class 1-A A-1A, Class A-1B and Class A-1C Certificates, in that order, until their respective Class Certificate Balances are reduced to zero,
(ii) to the Class A-2 Certificates, until its Class Certificate Balance is reduced to zero;,
(ciii) concurrently and on a pro rata basis based on (1) the Class Certificate Balance of the Class A-3A Certificates and (2) the aggregate Class Certificate Balance of the Class A-3B-1 and Class A-3B-2 Certificates:
(A) to the Classes of Group 2 Senior Class A-3A Certificates until its Class Certificate Balance is reduced to zero, and
(after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a))B) sequentially, to be allocated among such Classes of Certificates the Class A-3B-1 and Class A-3B-2 Certificates, in the order provided in clause 4.02(b)(iii)that order, until their respective Class Certificate Balances are reduced to zero; and,
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(biv) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b))A-4 Certificates, until its Class Certificate Balance is reduced to zero; , and
(v) to the Class A-5 Certificates, until its Class Certificate Balance is reduced to zero, and
(B) from the remaining Principal Distribution Amount, in the following order of priority:
(i) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6Cxxxx X-0, Xxxxs M-7, Class M-7 M-8 and Class M-8 M-9 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(Cii) any remainder as part of the Excess Cashflow.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) from the Principal Distribution Amount in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrentlysequentially:
(a) concurrently and on a pro rata basis based on (1) in an amount up to the Group 1 Senior Principal Distribution Amountaggregate Class Certificate Balance of the Class A-1A, Class A-1B and Class A-1C Certificates, (2) the Class Certificate Balance of the Class A-2 Certificates, (3) the aggregate Class Certificate Balance of the Class A-3A, Class A-3B-1 and Class A-3B-2 Certificates, (4) the Class Certificate Balance of the Class A-4 Certificates, and (5) the Class Certificate Balance of the Class A-5 Certificates:
(i) sequentially, to the Class A-1A, Class A-1B and Class A-1C Certificates, in that order, until their respective Class Certificate Balances are reduced to zero,
(ii) to the Class A-2 Certificates, until its Class Certificate Balance is reduced to zero,
(iii) concurrently and on a pro rata basis based on (1-A ) the Class Certificate Balance of the Class A-3A Certificates and (2) the aggregate Class Certificate Balance of the Class A-3B-1 and Class A-3B-2 Certificates:
(A) to the Class A-3A Certificates until its Class Certificate Balance is reduced to zero, and
(B) to the Class A-3B-1 and Class A-3B-2 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero,
(iv) to the Class A-4 Certificates, until its Class Certificate Balance is reduced to zero, and
(2v) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Class A-5 Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the its Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially from the remaining Principal Distribution Amount, in the following order of priority:
(i) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6Cxxxx X-0, Xxxxs M-7, Class M-7 M-8 and Class M-8 M-9 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(Cii) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa11)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) sequentially, to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the and Class 1-A Certificates, in that order, until its their respective Class Certificate Balance is Balances are reduced to zero;, and
(cb) to the Classes of Group 2 Senior Certificates (after the distribution of the from any remaining Principal Distribution Amount from for Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a))1, sequentially, to be allocated among such Classes of Certificates the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, in the order provided in clause 4.02(b)(iii)that order, until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) sequentially, to the Classes of Group 2 Senior Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)that order, until their respective Class Certificate Balances are reduced to zero; and
(b) from any remaining Principal Distribution Amount for Loan Group 2, to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)(b)(i)(A)(1)(a) above), until its Class Certificate Balance is reduced to zero; and
(B) from the remaining Principal Distribution Amounts for both Loan Groups, sequentially:
(1) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6X-0, Xxxxx X-7, Class M-7 M-8 and Class M-8 M-9 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(C2) any remainder as part of the Excess Cashflow.; and
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, from the Principal Distribution Amounts from both Loan Groups, sequentially:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, sequentially, to the Classes of Group 2 Senior Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)that order, until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1(1) and (2) above (and, in the case of the Group 2 Senior Certificates, sequentially, to be allocated among such Classes of Certificates the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, in the order provided in clause 4.02(b)(iii)that order), until their respective Class Certificate Balances are reduced to zero;; and
(B) from the remaining Principal Distribution Amounts for both Loan Groups, sequentially to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 Xxxxx X-0, Xxxss M-8 and Class M-8 M-9 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc2)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated distributed by the Trustee from the Distribution Account in the following order of priority (with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:Distribution Amount exclusive of the portion thereof consisting of the Extra Principal Distribution Amount being applied first and the Extra Principal Distribution Amount being applied thereafter):
(i1) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from in the Principal Distribution Amount for Loan Group 1, sequentiallyfollowing order:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,;
(b) concurrently and on a pro rata basis based on (1) the aggregate NDI Swap Principal Amount, if any, immediately prior to such Distribution Date and (2) the aggregate Class Certificate Balance of the Class A-1-A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates immediately prior to such Distribution Date, as follows:
(i) concurrently, to the Class 1A-1-A B and Class A-2-B Swap Accounts, pro rata based on the related NDI Swap Principal Amounts, an amount up to the related NDI Swap Principal Amount; and
(ii) concurrently, to the Class A-1-A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(Bc) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(Cd) any remainder as part of the Excess Cashflow.; and
(ii2) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(Aa) in an amount up to the Senior Principal Distribution Target Amount concurrently and on a pro rata basis based on (1) the aggregate NDI Swap Principal Amount, if any, immediately prior to such Distribution Date and (2) the aggregate Class Certificate Balance of the Class A-1-A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates immediately prior to such Distribution Date, as follows:
(i) concurrently, to the Class A-1-B and Class A-2-B Swap Accounts, pro rata based on the related Senior NDI Swap Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior CertificatesAmounts, concurrently:
(1) in an amount up to the Group 1 Senior related NDI Swap Principal Distribution Amount; and
(ii) concurrently, to the Class 1A-1-A A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or and
(b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zerosequentially, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(Cc) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Oh2)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amountpriority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1sequentially, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(B) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 A Certificates, in that order, until their respective Class Certificate Balances are reduced to zero;
(B) to the Class M-1 Certificates, until its Class Certificate Balance is reduced to zero;
(C) to the Class M-2 Certificates, until its Class Certificate Balance is reduced to zero;
(D) to the Class M-3 Certificates, until its Class Certificate Balance is reduced to zero; and
(CE) any remainder as part of the Excess Cashflow.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B M-1 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 CertificatesM-1 Principal Distribution Amount, until its Class Certificate Balance is reduced to zero;
(C) to the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until its Class Certificate Balance is reduced to zero;
(D) to the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until its Class Certificate Balance is reduced to zero; and
(E) any remainder as part of the Excess Cashflow.
Appears in 1 contract
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:Amount (with any portion of the Principal Distribution Amount being allocated first to the Derivative Account, to the extent that a Net Swap Payment or Swap Termination Payment (other than a Swap Termination Payment due to a Counterparty Trigger Event) remains payable to the Counterparty under the Swap Contract with respect to such Distribution Date following all distributions pursuant to Section 4.02(a), in an amount up to such remaining Net Swap Payment or Swap Termination Payment):
(iA) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrentlyin the following order:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,;
(b2) concurrently:
(a) 89.9999508772%, concurrently:
(i) 81.5592946509%, to the Class 1-A A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are has been reduced to zero; and
(2ii) from the Principal Distribution Amount for Loan Group 218.4407053491%, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) sequentially to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(B) sequentially, to the Class X-0, Xxxxx X-0A-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 A-3 and Class M-8 A-4 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(Cb) 10.0000491228%, to the Class A-5 Certificates, until its Class Certificate Balance is reduced to zero;
(3) sequentially, in order of their distribution priorities, to each Class of Subordinated Certificates, until their respective Class Certificate Balances are reduced to zero; and
(4) any remainder as part of the Excess Cashflow.
(iiB) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentiallyin the following order:
(A1) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificatesconcurrently:
(a) 89.9999508772%, concurrently:
(1i) in an amount up to the Group 1 Senior Principal Distribution Amount81.5592946509%, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is has been reduced to zero;; and
(Bii) concurrently18.4407053491%, sequentially to the Class 2-A-2A A-2, Class A-3 and Class 2-A-2B A-4 Certificates, pro ratain that order, until their respective Class Certificate Balances are reduced to zero; and
(Cb) 10.0000491228%, to the Class 2-A-3 A-5 Certificates, until its Class Certificate Balance is reduced to zero;
(2) sequentially, in order of their distribution priorities, to each Class of Subordinated Certificates, in an amount up to the Subordinated Class Principal Distribution Target Amount for each such Class, until their respective Class Certificate Balances are reduced to zero; and
(3) any remainder as part of the Excess Cashflow.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Hy6)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such that Distribution Date for each Loan Group shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amountpriority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentiallyuntil the aggregate Class Certificate Balance of the Senior and Subordinated Certificates equals the Target Amount for that Distribution Date:
(A) concurrently:
(1i) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) in the following priority: first, to the Group 1 Senior Certificates, according to the Group 1 Senior Allocation Method, until their respective Class Certificate Balances are reduced to zero; and second, to the Class A2-R CertificatesA Certificates (after the distribution of the Principal Distribution Amount for Loan Group 2 as described below), until its Class Certificate Balance is reduced to zero,; and
(bii) from the Principal Distribution Amount for Loan Group 2, in the following priority: first, to the Class 12-A Certificates, until its Class Certificate Balance is reduced to zero;
(c) ; and second, to the Classes of Group 2 1 Senior Certificates Certificates, (after the distribution of the Principal Distribution Amount from for Loan Group 2 1 as provided in clause 4.02(b)(i)(A)(2)(a)described above), according to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)Group 1 Senior Allocation Method, until their respective Class Certificate Balances are reduced to zero; and
(2B) from the remaining Principal Distribution Amount Amounts for both Loan Group 2Groups, sequentiallyin the following priority:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(Bi) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4Xxxxx X-4, Class M-5, Class M-6, Class M-7 M-7, Class M-8, Class M-9 and Class M-8 M-10 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(Cii) any remainder as part of the Excess CashflowCashflow to be allocated as described under Section 4.02(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentiallyfrom the Principal Distribution Amount for both Loan Groups in the following priority:
(A) in an amount up to the Senior Principal Distribution Target Amountfor so long as any Class of Subordinated Certificates is outstanding, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution AmountCertificates (from amounts in Loan Group 1, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2except as provided below) in an amount up and to the Group 2 Senior Certificates (from amounts in Loan Group 2, except as provided below), in each case in accordance with Section 4.02(b)(i)(A), concurrently by Principal Allocation Percentage, in an amount equal to the lesser of (x) the Principal Distribution Amount, to Amount for the Classes of related Loan Group 2 for that Distribution Date and (y) the Senior Certificates, to be allocated among such Classes of Certificates in Principal Distribution Amount for the order provided in clause 4.02(b)(iii)related Loan Group for that Distribution Date, until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the each such Class 1-A Certificates has been reduced to zero; or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced otherwise to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes each class of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the each case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iiiaccordance with Section 4.02(b)(i)(A)), until their respective Class Certificate Balances are reduced to zeroconcurrently by Principal Allocation Percentage), the Principal Distribution Amount for the related Loan Group for that Distribution Date;
(B) sequentially sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4Xxxxx X-4, Class M-5, Class M-6, Class M-7 M-7, Class M-8, Class M-9 and Class M-8 M-10 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its their respective Class Certificate Balance is Balances are reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal Cashflow to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(Aallocated as described under 4.02(c) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zerobelow.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar14)
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount from both Loan Groups for such that Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amountpriority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentiallyin the following priority:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(cB) concurrently, to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a))Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and;
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(BC) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4Xxxxx X-0, Class M-5, Class M-6, Class M-7 M-7, Class M-8, Class M-9, Class M-10 and Class M-8 M-11 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(CD) any remainder as part of the Excess CashflowCashflow to be allocated as described under Section 4.02(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentiallyfrom the Principal Distribution Amount, in the following priority:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, concurrently, to the Class 1-A A-1, Class A-2 and Class A-3 Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii))rata, until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0M-1 Certificates, Xxxxx X-0the Class M-1 Principal Distribution Amount for that Distribution Date, until its Class M-3Certificate Balance is reduced to zero;
(C) to the Class M-2 Certificates, the Class M-4M-2 Principal Distribution Amount for that Distribution Date, until its Class M-5Certificate Balance is reduced to zero;
(D) to the Class M-3 Certificates, the Class M-6M-3 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(E) to the Class M-4 Certificates, the Class M-4 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(F) to the Class M-5 Certificates, the Class M-5 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(G) to the Class M-6 Certificates, the Class M-6 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(H) to the Class M-7 and Certificates, the Class M-7 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(I) to the Class M-8 Certificates, in the Class M-8 Principal Distribution Amount for that orderDistribution Date, until its Class Certificate Balance is reduced to zero;
(J) to the Class M-9 Certificates, the Subordinated Class M-9 Principal Distribution Target Amount for each such Classthat Distribution Date, in each case until its Class Certificate Balance is reduced to zero;
(K) to the Class M-10 Certificates, the Class M-10 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(L) to the Class M-11 Certificates, the Class M-11 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero; and
(CM) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal Cashflow to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(Aallocated as described under 4.02(c) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zerobelow.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar15)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order and priorities as provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order and priorities as provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(B) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.4.02
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc4)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated distributed by the Trustee from the Distribution Account in the following order of priority (with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:Distribution Amount exclusive of the portion thereof consisting of the Extra Principal Distribution Amount being applied first and the Extra Principal Distribution Amount being applied thereafter):
(i1) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from in the Principal Distribution Amount for Loan Group 1, sequentiallyfollowing order:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,;
(b) concurrently and on a pro rata basis based on (1) the Class A-1-B Swap Principal Amount, if any, immediately prior to such Distribution Date and (2) the aggregate Class Certificate Balance of the Class A-1-A, Class A-1-B, Class A-2 and Class A-3 Certificates immediately prior to such Distribution Date as follows:
i. to the Class 1A-1-A B Swap Account, an amount up to the Class A-1-B Swap Principal Amount; and
ii. concurrently, to the Class A-1-A, Class A-1-B, Class A-2 and Class A-3 Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(Bc) sequentially, to the Class X-0M-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, M-6 and Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(Cd) any remainder as part of the Excess Cashflow.; and
(ii2) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(Aa) in an amount up to the Senior Principal Distribution Target Amount, Amount concurrently and on a pro rata basis based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Class A-1-B Swap Principal Distribution Amount, if any, immediately prior to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
such Distribution Date and (2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Class A-1-A, Class A-1-B, Class A-2 and Class A-3 Certificates is reduced immediately prior to zerosuch Distribution Date, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on as follows:
i. to the Class Certificate Balance of A-1-B Swap Account, an amount up to the Class 1A-1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) B Swap Principal Amount; and
ii. concurrently, to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) Class A-1-A, Class A-1-B, Class A-2 and (2) above (and, in the case of the Group 2 Senior Class A-3 Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii))pro rata, until their respective Class Certificate Balances are reduced to zero;
(Bb) sequentially sequentially, to the Class X-0M-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, M-6 and Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(Cc) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Oh3)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(B) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-1- A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority (with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:Distribution Amount exclusive of the portion thereof consisting of the Extra Principal Distribution Amount being applied first and the Extra Principal Distribution Amount being applied thereafter):
(i1) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,;
(b) concurrently and on a pro rata basis based on (1) the aggregate Swap Principal Amount, if any, immediately prior to such Distribution Date and (2) the aggregate Class Certificate Balance of the Class A-1-A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates immediately prior to such Distribution Date, as follows:
(i) concurrently, to each Swap Account, pro rata, based on the related Swap Principal Amount, if any, an amount up to the related Swap Principal Amount; and
(ii) concurrently, to the Class 1A-1-A A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and
(2B) from the remaining Principal Distribution Amount for Loan Group 2Amount, sequentiallyin the following order of priority:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(B) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 M-7, Class M-8 and Class M-8 M-9 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(Cb) any remainder as part of the Excess Cashflow.; and
(ii2) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) from the Principal Distribution Amount, in an amount up to the Senior Principal Distribution Target Amount concurrently and on a pro rata basis based on (1) the aggregate Swap Principal Amount, if any, immediately prior to such Distribution Date and (2) the aggregate Class Certificate Balance of the Class A-1-A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates immediately prior to such Distribution Date, as follows:
(a) concurrently, to each Swap Account, pro rata rata, based on the related Senior Swap Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior CertificatesAmount, concurrently:
(1) in if any, an amount up to the Group 1 Senior related Swap Principal Distribution Amount; and
(b) concurrently, to the Class 1A-1-A A, Class A-1-B, Class A-2-A, Class A-2-B and Class A-3 Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially from the remaining Principal Distribution Amount, in the following order of priority:
(a) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 M-7, Class M-8 and Class M-8 M-9 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(Cb) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Oa7)
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount from both Loan Groups for such that Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amountpriority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentiallyin the following priority:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(cB) concurrently, to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a))Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and;
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(BC) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4Xxxxx X-0, Class M-5, Class M-6, Class M-7 M-7, Class M-8, Class M-9, Class M-10 and Class M-8 M-11 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(CD) any remainder as part of the Excess CashflowCashflow to be allocated as described under Section 4.02(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentiallyfrom the Principal Distribution Amount, in the following priority:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, concurrently, to the Class 1-A A-1 and Class A-2 Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii))rata, until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0M-1 Certificates, Xxxxx X-0the Class M-1 Principal Distribution Amount for that Distribution Date, until its Class M-3Certificate Balance is reduced to zero;
(C) to the Class M-2 Certificates, the Class M-4M-2 Principal Distribution Amount for that Distribution Date, until its Class M-5Certificate Balance is reduced to zero;
(D) to the Class M-3 Certificates, the Class M-6M-3 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(E) to the Class M-4 Certificates, the Class M-4 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(F) to the Class M-5 Certificates, the Class M-5 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(G) to the Class M-6 Certificates, the Class M-6 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(H) to the Class M-7 and Certificates, the Class M-7 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(I) to the Class M-8 Certificates, in the Class M-8 Principal Distribution Amount for that orderDistribution Date, until its Class Certificate Balance is reduced to zero;
(J) to the Class M-9 Certificates, the Subordinated Class M-9 Principal Distribution Target Amount for each such Classthat Distribution Date, in each case until its Class Certificate Balance is reduced to zero;
(K) to the Class M-10 Certificates, the Class M-10 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero;
(L) to the Class M-11 Certificates, the Class M-11 Principal Distribution Amount for that Distribution Date, until its Class Certificate Balance is reduced to zero; and
(CM) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal Cashflow to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(Aallocated as described under 4.02(c) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zerobelow.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar21)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such that Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amountpriority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentiallyuntil the aggregate Class Certificate Balance of the Senior and Subordinate Certificates equals the Target Amount for that Distribution Date:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)Certificates, until their respective Class Certificate Balances are reduced to zero; and
(2) from , in the Principal Distribution Amount for Loan Group 2, sequentiallyfollowing priority:
(a1) concurrently, to the Classes of Group 2 Senior Class A1-A and Class A1-B Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and;
(b2) concurrently, to the Class 1A2-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b))A1, Class A2-A2 and Class A2-B Certificates, pro rata, until its their respective Class Certificate Balance is Balances are reduced to zero; and;
(3) concurrently, to the Class A3-A and Class A3-B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero;
(4) concurrently, to the Class A4-A and Class A4-B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero;
(B) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6X-0, Xxxxx X-7, Class M-7 M-8 and Class M-8 M-9 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(C) any remainder as part of the Excess CashflowCashflow to be allocated as described under Section 4.02(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentiallyin the following priority:
(A) for so long as any Class of Subordinated Certificates is outstanding, to the Senior Certificates in accordance with Section 4.02 (b)(i)(A), in an amount up equal to the lesser of (x) the Principal Distribution Amount for that Distribution Date and (y) the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for that Distribution Date, until the Class 1-A Certificate Balance of each such Class of Senior Certificates and the Group 2 has been reduced to zero; or (b) otherwise to each Class of Senior Certificates, concurrentlythe Principal Distribution Amount for that Distribution Date, as follows:
(1) in an amount up to the Group 1 Senior Principal Distribution Amountconcurrently, to the Class 1A1-A and Class A1-B Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; provided;
(2) concurrently, however, that if (a) to the Class Certificate Balance of the A2-A1, Class 1A2-A Certificates or (b) the aggregate A2 and Class A2-B Certificates, pro rata, until their respective Class Certificate Balance of the Group 2 Senior Certificates is Balances are reduced to zero;
(3) concurrently, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on to the Class A3-A and Class A3-B Certificates, pro rata, until their respective Class Certificate Balance of Balances are reduced to zero;
(4) concurrently, to the Class 1A4-A Certificates or the aggregate and Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior A4-B Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii))pro rata, until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0M-1 Certificates, Xxxxx X-0an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates on that Distribution Date pursuant clause 4.02(b)(ii)(A) above and (y) the Class M-1 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero;
(C) to the Class M-2 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1 Certificates on that Distribution Date pursuant to clauses 4.02(b)(ii)(A) and (B) above and (y) the Class M-2 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero;
(D) to the Class M-3 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1 and Class M-2 Certificates on that Distribution Date pursuant to clauses 4.02(b)(ii)(A) through (C) above and (y) the Class M-3 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero;
(E) to the Class M-4 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1, Class M-2 and Class M-3 Certificates on that Distribution Date pursuant to clauses 4.02(b)(ii)(A) through (D) above and (y) the Class M-4 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero;
(F) to the Class M-5 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1, Class M-2, Class M-3 and Class M-4 Certificates on that Distribution Date pursuant to clauses 4.02(b)(ii)( A) through (E) above and (y) the Class M-5 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero;
(G) to the Class M-6 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1, Class M-2, Class M-3, Class M-4 and Class M-5 Certificates on that Distribution Date pursuant to clauses 4.02(b)(ii)( A) through (F) above and (y) the Class M-6 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero;
(H) to the Class M-7 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5 and Class M-6 Certificates on that Distribution Date pursuant to clauses 4.02(b)(ii)(A) through (G) above and (y) the Class M-7 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero; and
(I) to the Class M-8 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates on that Distribution Date pursuant to clauses 4.02(b)(ii)(A) through (H) above and (y) the Class M-8 Principal Distribution Amount for that Distribution Date, until the Class Certificate Balance of that Class has been reduced to zero;
(J) to the Class M-9 Certificates, an amount equal to the lesser of (x) the excess of (a) the Principal Distribution Amount for that Distribution Date over (b) the amount distributed to the Senior Certificates and the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in Certificates on that order, Distribution Date pursuant to clauses 4.02(b)(ii)(A) through (I) above and (y) the Subordinated Class M-9 Principal Distribution Target Amount for each such Classthat Distribution Date, in each case until its the Class Certificate Balance is of that Class has been reduced to zero; and
(CK) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal Cashflow to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(Aallocated as described under 4.02(c) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zerobelow.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Ar8)
Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be allocated by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentially:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(c) to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a)), to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(B) sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentially:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amount, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from pursuant to clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)), until their respective Class Certificate Balances are reduced to zero;
(B) sequentially to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(A) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc11)
Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount from both Loan Groups for such that Distribution Date shall be allocated distributed (with the Principal Remittance Amount being applied first and the Extra Principal Distribution Amount being applied thereafter) by the Trustee from the Distribution Account in the following order of priority with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amountpriority:
(i) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, sequentiallyin the following priority:
(A) concurrently:
(1) from the Principal Distribution Amount for Loan Group 1, sequentially:
(a) to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero,
(b) to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero;
(cB) concurrently, to the Classes of Group 2 Senior Certificates (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause 4.02(b)(i)(A)(2)(a))Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii)pro rata, until their respective Class Certificate Balances are reduced to zero; and;
(2) from the Principal Distribution Amount for Loan Group 2, sequentially:
(a) to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; and
(b) to the Class 1-A Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause 4.02(b)(i)(A)(1)(b)), until its Class Certificate Balance is reduced to zero; and
(BC) sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 M-5 and Class M-8 CertificatesClxxx X-0 Xxxxxxicates, in that order, until their respective Class Certificate Balances are reduced to zero; and
(CD) any remainder as part of the Excess CashflowCashflow to be allocated as described under Section 4.02(c) below.
(ii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, sequentiallyfrom the Principal Distribution Amount, in the following priority:
(A) in an amount up to the Senior Principal Distribution Target Amount, pro rata based on the related Senior Principal Distribution Allocation Amount for the Class 1-A Certificates and the Group 2 Senior Certificates, concurrently:
(1) in an amount up to the Group 1 Senior Principal Distribution Amount, to the Class 1-A Certificates, until its Class Certificate Balance is reduced to zero, and
(2) in an amount up to the Group 2 Senior Principal Distribution Amountconcurrently, to the Classes of Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii), until their respective Class Certificate Balances are reduced to zero; provided, however, that if (a) the Class Certificate Balance of the Class 1-A Certificates or (b) the aggregate Class Certificate Balance of the Group 2 Senior Certificates is reduced to zero, then any remaining unpaid Senior Principal Distribution Target Amount will be distributed pro rata (based on the Class Certificate Balance of the Class 1-A Certificates or the aggregate Class Certificate Balance of the Group 2 Senior Certificates) to the remaining Classes of Senior Certificates after distributions from clauses 4.02(b)(ii)(A)(1) and (2) above (and, in the case of the Group 2 Senior Certificates, to be allocated among such Classes of Certificates in the order provided in clause 4.02(b)(iii))rata, until their respective Class Certificate Balances are reduced to zero;
(B) sequentially sequentially, to the Class X-0M-1, Xxxxx X-0Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 M-5 and Class M-8 CertificatesClxxx X-0 Xxxxxxicates, in that order,, the Subordinated Class Principal Distribution Target Amount for each such ClassClass for that Distribution Date, in each case until its Class Certificate Balance is reduced to zero; and
(C) any remainder as part of the Excess Cashflow.
(iii) For each Distribution Date, amounts in respect of principal Cashflow to be distributed to the Group 2 Senior Certificates will be distributed in the following order:
(Aallocated as described under 4.02(c) to the Class 2-A-1 Certificates, until its Class Certificate Balance is reduced to zero;
(B) concurrently, to the Class 2-A-2A and Class 2-A-2B Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; and
(C) to the Class 2-A-3 Certificates, until its Class Certificate Balance is reduced to zerobelow.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (IndyMac INDX Mortgage Loan Trust 2006-Flx1)