Common use of Distributions of Principal Distribution Amount Clause in Contracts

Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount for such Distribution Date shall be distributed by the Trustee from the Distribution Account in the following order with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount: (A) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following order: (1) sequentially, to the Class A-R and Class A-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; (2) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (3) any remainder as part of the Excess Cashflow. (B) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, in the following order: (1) in an amount up to the Senior Principal Distribution Target Amount, to the Class A-1 Certificates, until its Class Certificate Balance is reduced to zero; (2) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, in that order, 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.

Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount for such Distribution Date shall be distributed by the Trustee from the Distribution Account in the following order with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount: (A) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following order: (1) sequentially, to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero; (2) concurrently, to the Class X-0, Xxxxx X-0, Class A-3 and Class A-1 A-4 Certificates, in that orderpro rata, until their respective Class Certificate Balances are reduced to zero; (23) sequentially, in order of their distribution priorities, to the each Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 of Subordinated Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (34) any remainder as part of the Excess Cashflow. (B) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, in the following order: (1) in an amount up to the Senior Principal Distribution Target Amount, concurrently, to the Class A-1 A-1, Class A-2, Class A-3 and Class A-4 Certificates, pro rata, until its their respective Class Certificate Balance is Balances are reduced to zero; (2) sequentially, in order of their distribution priorities, to the each Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 of Subordinated Certificates, in that order, 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.

Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount for such Distribution Date shall be distributed 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: (Ai) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following ordersequentially: (1A) sequentially, (x) concurrently, to the Class A-R R, Class RC and Class A-1 RX Certificates, in that orderpro rata, until their respective Class Certificate Balances are reduced to zero; and (y) concurrently, to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata, until their respective Class Certificate Balances are reduced to zero; (2B) sequentially, to the Class M-1, Class M-2, Class M-3X-0, Xxxss M-4, Class M-4M-5, Clasx X-0, Xxxxx X-6Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 M-9 and Class M-12 M-10 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (3C) any remainder as part of the Excess Cashflow. (Bii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, in the following ordersequentially: (1A) concurrently, to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata, in an amount up to the Senior Principal Distribution Target Amount, to the Class A-1 Certificates, until its Class Certificate Balance is reduced to zero; (2) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, until their respective Class Certificate Balances are reduced to zero; (B) 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, Class M-9 and Class M-10 Certificates, in that order, in an amount up to the applicable Subordinated Class Principal Distribution Amount for each such Class, in each case until its Class Certificate Balance is reduced to zero; and (3C) any remainder as part of the Excess Cashflow.

Distributions of Principal Distribution Amount. On each Distribution Date, an amount up to the Principal Distribution Amount for such that Distribution Date shall be distributed allocated by the Trustee from the Distribution Account in the following order with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amountpriority: (Ai) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following orderpriority: (1A) sequentially, to the Class A-R Certificates until its Class Certificate Balance is reduced to zero; (B) concurrently to the Class A-1, Class A-2, Class A-3 and Class A-1 A-4 Certificates, in that orderpro rata, until their respective Class Certificate Balances are reduced to zero; (2C) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6Class M-5, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 X-0 xxx Xxxxx M-7 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (3D) any remainder as part of the Excess CashflowCashflow to be allocated as described under Section 4.02(c) below. (Bii) For each Distribution Date on or after the Stepdown Date and so long as on which a Trigger Event is not in effect, effect in the following orderpriority: (1A) in an amount up to the Senior Principal Distribution Target Amount, concurrently, to the Class A-1 A-1, Class A-2, Class A-3 and Class A-4 Certificates, pro rata, until its their respective Class Certificate Balance is Balances are reduced to zero;: (2B) sequentially, to the Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6Class M-5, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 and Class M-12 X-0 xxx Xxxxx M-7 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, Class until their respective Class Certificate Balances are reduced to zero; and (3C) any remainder as part of the Excess CashflowCashflow to be allocated as described under 4.02(c) below.

Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount from both Loan Groups for such Distribution Date shall be distributed 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: (Ai) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following ordersequentially: (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, to the Class 1-A-1 and Class A-1 1-A-2 Certificates, in that orderpro rata, until their respective Class Certificate Balances are reduced to zero; (2c) sequentially, to the Class M-12-A-1, Class M-22-A-2 and Class 2-A-3 Certificates, in that order (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause (b)(i)(A)(2)(a) below), 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 Class 2-A-1, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 2-A-2 and Class M-12 2-A-3 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (3b) concurrently, to the Class 1-A-1 and Class 1-A-2 Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause (b)(i)(A)(1)(a) above), pro rata, until their respective Class Certificate Balances are reduced to zero; and (B) sequentially, to the Class M-1, Class M-2, Class M-3, Class X-0, Xxxxs M-5, Class M-6, Class M-7, Class M-8 and Class 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 Cashflow. (Bii) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, in the following ordersequentially: (A) concurrently: (1) from the Principal Distribution Amount for Loan Group 1, in an amount up to the Senior Group 1 Principal Distribution Target Amount, sequentially: (a) concurrently, to the Class 1-A-1 and Class 1-A-2 Certificates, pro rata, until its their respective Class Certificate Balance is Balances are reduced to zero; and (b) sequentially, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, in that order (after the distribution of the Principal Distribution Amount from Loan Group 2 as provided in clause (b)(ii)(A)(2)(a) below), until their respective Class Certificate Balances are reduced to zero; and (2) from the Principal Distribution Amount for Loan Group 2, in an amount up to the Group 2 Principal Distribution Amount, sequentially: (a) sequentially, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (b) concurrently, to the Class 1-A-1 and Class 1-A-2 Certificates (after the distribution of the Principal Distribution Amount from Loan Group 1 as provided in clause (b)(ii)(A)(1)(a) above), pro rata, until their respective Class Certificate Balances are reduced to zero; (2B) sequentially, sequentially to the Class M-1, Class M-2, Class M-3, Class M-4, Clasx X-0, Xxxxx X-6Xxxxs M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 M-8 and Class M-12 M-9 Certificates, in that order, the Subordinated Class Principal Distribution Target Amount for each such Class, in each case until their respective its Class Certificate Balances are Balance is reduced to zero; and (3C) any remainder as part of the Excess Cashflow.

Distributions of Principal Distribution Amount. On each Distribution Date, the Principal Distribution Amount for such Distribution Date shall be distributed by the Trustee from the Distribution Account in the following order with all distributions pursuant to this clause (b) being made first from the Principal Remittance Amount: (A) For each Distribution Date prior to the Stepdown Date or on which a Trigger Event is in effect, in the following order: (1) sequentially, to the Class A-R Certificates, until its Class Certificate Balance is reduced to zero; (2) concurrently, to the Class A-1 and Class A-1 A-2 Certificates, in that orderpro rata, until their respective Class Certificate Balances are reduced to zero; (23) sequentially, to the Class M-1X-0, Class M-2Xxxxx X-0, Class M-3, Class M-4, Clasx X-0Class M-5, Xxxxx X-6Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 M-8 and Class M-12 M-9 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (34) any remainder as part of the Excess Cashflow. (B) For each Distribution Date on or after the Stepdown Date and so long as a Trigger Event is not in effect, in the following order: (1) in an amount up to the Senior Principal Distribution Target Amount, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, until its their respective Class Certificate Balance is Balances are reduced to zero; (2) sequentially, to the Class M-1X-0, Class M-2Xxxxx X-0, Class M-3, Class M-4, Clasx X-0Class M-5, Xxxxx X-6Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11 M-8 and Class M-12 M-9 Certificates, in that order, 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.