Common use of Distributions of Principal Clause in Contracts

Distributions of Principal. I. On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Principal Remittance Amount for such Distribution Date will be made in the following amounts and order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero; (ii) to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) to the Holders of the Class B-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. II. On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Principal Remittance Amount for such Distribution Date will be made in the following amounts and order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), until the Senior Principal Distribution Amount has been distributed in full; (ii) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, the Class B-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, the Class B-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, the Class B-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) to the Holders of the Class B-4 Certificates, the Class B-4 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero. With respect to the Class A Certificates, all principal distributions will be distributed sequentially, first, to the Holders of the Class A-6 Certificates, in an amount equal to the Class A-6 Lockout Distribution Amount for the related Distribution Date, second, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero, third, to the Holders of the Class A-2 Certificates, until the Certificate Principal Balance of the Class A-2 Certificates has been reduced to zero, fourth, to the Holders of the Class A-3 Certificates, until the Certificate Principal Balance of the Class A-3 Certificates has been reduced to zero, fifth, to the Holders of the Class A-4 Certificates, until the Certificate Principal Balance of the Class A-4 Certificates has been reduced to zero, sixth, to the Holders of the Class A-5 Certificates, until the Certificate Principal Balance of the Class A-5 Certificates has been reduced to zero, and seventh, to the Holders of the Class A-6 Certificates, until the Certificate Principal Balance of the Class A-6 Certificates has been reduced to zero; PROVIDED, HOWEVER, on any Distribution Date on which the aggregate Certificate Principal Balance of the Mezzanine Certificates has been reduced to zero, notwithstanding anything contained herein to the contrary, all distributions of principal to the Class A Certificates will be distributed concurrently, on a PRO RATA basis based on the Certificate Principal Balance of each such Class.

Distributions of Principal. I. On The Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) the Principal Distribution Amount and apply it in the following order of priority and to the extent of such funds: With respect to each Distribution Date (a) prior to before the Stepdown Date or (b) on as to which a Trigger Event is in effect, distributions the Principal Distribution Amount will be allocated among and distributed in respect of principal to the extent reduction of the Principal Remittance Amount for such Distribution Date will be made Class Certificate Balances of the Certificates in the following amounts and order of priority: (i) : first, to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below)A-R Certificate, until the Class Certificate Principal Balances thereof have been reduced to zero; (ii) to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) second, concurrently, up to the Holders of Priority Amount, to the Class B-4 A-9, Class A-10 and Class A-11 Certificates, pro rata; third, concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, until their Class Certificate Balances have been reduced to zero; fourth, to the Class A-3 Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero. II; fifth, concurrently, to the Class A-4 and Class A-5 Certificates, pro rata, until their Class Certificate Balances have been reduced to zero; sixth, concurrently, to the Class A-6 and Class A-7 Certificates, pro rata, until their Class Certificate Balances have been reduced to zero; seventh, to the Class A-8 Certificates, until the Class Certificate Balance thereof has been reduced to zero; eighth, concurrently, to the Class A-9, Class A-10 and Class A-11 Certificates, pro rata, until their Class Certificate Balances have been reduced to zero; ninth, to the Class M-1 Certificates, until the Class Certificate Balance thereof has been reduced to zero; tenth, to the Class M-2 Certificates, until the Class Certificate Balance thereof has been reduced to zero; eleventh, to the Class M-3 Certificates, until the Class Certificate Balance thereof has been reduced to zero; twelfth, to the Class M-4 Certificates, until the Class Certificate Balance thereof has been reduced to zero; thirteenth, to the Class M-5 Certificates, until the Class Certificate Balance thereof has been reduced to zero; fourteenth, to the Class M-6 Certificates, until the Class Certificate Balance thereof has been reduced to zero; fifteenth, to the Class B-1 Certificates, until the Class Certificate Balance thereof has been reduced to zero; and sixteenth, any remaining Principal Distribution Amount will be distributed as described below in Section 5.02(c) hereof. On With respect to each Distribution Date (a) on or after the Stepdown Date and (b) on which as long as a Trigger Event is not in effect, distributions the Principal Distribution Amount will be allocated among and distributed in respect of principal to the extent reduction of the Principal Remittance Amount for such Distribution Date will be made Class Certificate Balances of the Certificates in the following amounts and order of priority: first, the Senior Principal Distribution Amount, sequentially as follows: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below)A-R Certificate, until the Senior Principal Distribution Amount has been distributed in full; (ii) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (ii) concurrently, up to the Priority Amount, to the Class A-9, Class A-10 and Class A-11 Certificates, pro rata; (iii) concurrently, to the Holders of the Class M-2 A-1 and Class A-2 Certificates, the Class M-2 Principal Distribution Amountpro rata, until the their Class Certificate Principal Balance thereof has Balances have been reduced to zero; (iv) to the Holders of the Class M-3 A-3 Certificates, the Class M-3 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (v) concurrently, to the Holders of the Class B-1 A-4 and Class A-5 Certificates, the Class B-1 Principal Distribution Amountpro rata, until the their Class Certificate Principal Balance thereof has Balances have been reduced to zero; (vi) concurrently, to the Holders of the Class B-2 A-6 and Class A-7 Certificates, the Class B-2 Principal Distribution Amountpro rata, until the their Class Certificate Principal Balance thereof has Balances have been reduced to zero; (vii) to the Holders of Class A-8 Certificates, until the Class B-3 Certificate Balance thereof has been reduced to zero; (viii) concurrently, to the Class A-9, Class A-10 and Class A-11 Certificates, pro rata, until the Class B-3 Certificate Balances thereof have been reduced to zero; second, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; and (viii) third, to the Holders of Class M-2 Certificates, up to the Class B-4 Certificates, the Class B-4 M-2 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero. With respect to the Class A Certificates, all principal distributions will be distributed sequentially, first, to the Holders of the Class A-6 Certificates, in an amount equal to the Class A-6 Lockout Distribution Amount for the related Distribution Date, second, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero, third, to the Holders of the Class A-2 Certificates, until the Certificate Principal Balance of the Class A-2 Certificates has been reduced to zero, ; fourth, to the Holders of Class M-3 Certificates, up to the Class A-3 CertificatesM-3 Principal Distribution Amount, until the Class Certificate Principal Balance of the Class A-3 Certificates has been reduced to zero, fifth, to the Holders of the Class A-4 Certificates, until the Certificate Principal Balance of the Class A-4 Certificates has been reduced to zero, sixth, to the Holders of the Class A-5 Certificates, until the Certificate Principal Balance of the Class A-5 Certificates has been reduced to zero, and seventh, to the Holders of the Class A-6 Certificates, until the Certificate Principal Balance of the Class A-6 Certificates thereof has been reduced to zero; PROVIDEDfifth, HOWEVERto the Class M-4 Certificates, up to the Class M-4 Principal Distribution Amount, until the Class Certificate Balance thereof has been reduced to zero; sixth, to the Class M-5 Certificates, up to the Class M-5 Principal Distribution Amount, until the Class Certificate Balance thereof has been reduced to zero; seventh, to the Class M-6 Certificates, up to the Class M-6 Principal Distribution Amount, until the Class Certificate Balance thereof has been reduced to zero; eighth, to the Class B-1 Certificates, up to the Class B-1 Principal Distribution Amount, until the Class Certificate Balance thereof has been reduced to zero; and ninth, any remaining Principal Distribution Amount will be distributed as described in Section 5.02(c) hereof. Notwithstanding the foregoing, on any or after the Distribution Date on which the aggregate Class Certificate Principal Balance of the Mezzanine Certificates and the Class B Certificates has been reduced to zero and there is no Overcollateralization Amount, all principal distributions to the Senior Certificates will be distributed concurrently on a pro rata basis, based on the Class Certificate Balance of each such Class, until the Class Certificate Balance of each such Class has been reduced to zero, notwithstanding anything contained herein to the contrary, all distributions of principal to the Class A Certificates will be distributed concurrently, on a PRO RATA basis based on the Certificate Principal Balance of each such Class.

Distributions of Principal. I. On each Distribution Date Date, the Trustee shall withdraw from the Distribution Account (ato the extent funds are available therein) prior the Principal Distribution Amount and shall make the following distributions in the following order of priority (based upon the Mortgage Loan information provided to it in the Servicer's Certificate, upon which the Trustee may conclusively rely): (i) before the Stepdown Date or (b) on with respect to which a Trigger Event is in effect, distributions in respect of principal to the extent of the Principal Remittance Amount for such Distribution Date will be made in the following amounts and order of priorityas follows: first, concurrently, as follows: (i1) concurrently, from the Subgroup A Principal Percentage of the Senior Principal Distribution Amount, to the Holders of Class A-1 Certificates and to the Class A Certificates (allocated among the Class A Certificates in the priority described below)A-3A Component, pro rata, until the Class Certificate Principal Balances Balance and the Component Balance thereof have been reduced to zero; (ii2) concurrently, from the Subgroup B Principal Percentage of the Senior Principal Distribution Amount, to the Holders Class A-2 Certificates and to the Class A-3B Component, pro rata, until the Class Certificate Balance and the Component Balance thereof have been reduced to zero; second, concurrently, as follows: (1) concurrently, from the Subgroup A Principal Percentage of the Senior Principal Distribution Amount remaining after priority first above, to the Class A-2 Certificates and to the Class A-3B Component, pro rata, until the Class Certificate Balance and the Component Balance thereof have been reduced to zero; and (2) concurrently, from the Subgroup B Principal Percentage of the Senior Principal Distribution Amount remaining after priority first above, to the Class A-1 Certificates and to the Class A-3A Component, pro rata, until the Class Certificate Balance and the Component Balance thereof have been reduced to zero; third, to the Class M-1 Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) fourth, to the Holders of the Class B-4 M-2 Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class B-1 Certificates, until the Class Certificate Balance thereof has been reduced to zero; sixth, to the Class B-2 Certificates, until the Class Certificate Balance thereof has been reduced to zero; seventh, to the Class B-3 Certificates, until the Class Certificate Balance thereof has been reduced to zero; and eighth, any remaining Principal Distribution Amount will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 5.02(c). II. On each Distribution Date (aii) on or after the Stepdown Date and (b) on which as long as a Trigger Event is not in effect, distributions in respect of principal to the extent of the Principal Remittance Amount for such Distribution Date will be made in the following amounts and order of priorityas follows: first, concurrently, as follows: (i1) concurrently, from the Subgroup A Principal Percentage of the Senior Principal Distribution Amount, to the Holders Class A-1 Certificates and to the Class A-3A Component, pro rata, until the Class Certificate Balance and the Component Balance thereof have been reduced to zero; (2) concurrently, from the Subgroup B Principal Percentage of the Class A Certificates (allocated among Senior Principal Distribution Amount, to the Class A A-2 Certificates in and to the priority described below)Class A-3B Component, pro rata, until the Class Certificate Balance and the Component Balance thereof have been reduced to zero; second, concurrently, as follows: (1) concurrently, from the Subgroup A Principal Percentage of the Senior Principal Distribution Amount has remaining after priority first above, to the Class A-2 Certificates and to the Class A-3B Component, pro rata, until the Class Certificate Balance and the Component Balance thereof have been distributed in full;reduced to zero; and (ii2) concurrently, from the Subgroup B Principal Percentage of the Senior Principal Distribution Amount remaining after priority first above, to the Holders of Class A-1 Certificates and to the Class A-3A Component, pro rata, until the Class Certificate Balance and the Component Balance thereof have been reduced to zero; third, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (iii) ; fourth, to the Holders of the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (iv) ; fifth, to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, up to the Class B-1 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (vi) ; and sixth, to the Holders of the Class B-2 Certificates, up to the Class B-2 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (vii) ; and seventh, to the Holders of the Class B-3 Certificates, up to the Class B-3 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; and (viii) to the Holders of the Class B-4 Certificatesand eighth, the Class B-4 any remaining Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero. With respect to the Class A Certificates, all principal distributions Amount will be distributed sequentially, first, to the Holders as part of the Class A-6 Certificates, Monthly Excess Cashflow Amount as set forth in an amount equal to the Class A-6 Lockout Distribution Amount for the related Distribution Date, second, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero, third, to the Holders of the Class A-2 Certificates, until the Certificate Principal Balance of the Class A-2 Certificates has been reduced to zero, fourth, to the Holders of the Class A-3 Certificates, until the Certificate Principal Balance of the Class A-3 Certificates has been reduced to zero, fifth, to the Holders of the Class A-4 Certificates, until the Certificate Principal Balance of the Class A-4 Certificates has been reduced to zero, sixth, to the Holders of the Class A-5 Certificates, until the Certificate Principal Balance of the Class A-5 Certificates has been reduced to zero, and seventh, to the Holders of the Class A-6 Certificates, until the Certificate Principal Balance of the Class A-6 Certificates has been reduced to zero; PROVIDED, HOWEVER, on any Distribution Date on which the aggregate Certificate Principal Balance of the Mezzanine Certificates has been reduced to zero, notwithstanding anything contained herein to the contrary, all distributions of principal to the Class A Certificates will be distributed concurrently, on a PRO RATA basis based on the Certificate Principal Balance of each such ClassSection 5.02(c).

Distributions of Principal. I. On each The Principal Distribution Amount for that Distribution Date (a) prior with respect to the Stepdown Date or (b) on which a Trigger Event each Group is in effect, distributions in respect of principal required to the extent of the Principal Remittance Amount for such Distribution Date will be made distributed in the following amounts and order of prioritypriority until the related Principal Distribution Amount has been fully distributed: A. For the Principal Distribution Amount with respect to Group I: 1. To the Senior Certificates of Group I, the Senior Principal Distribution Amount for Group I, as follows: (i) first, the Class AF 6 Lockout Distribution Amount to the Holders Class AF 6 Certificates, and (ii) then, the balance of the Class A Certificates (allocated among Senior Principal Distribution Amount for Group I, to the Class A Certificates AF 1, Class AF 2, Class AF 3, Class AF 4, Class AF 5 and Class AF 6 Certificates, sequentially, in the priority described below), that order so that no distribution will be made to any such Class until the Certificate Principal Balances thereof of all the Senior Certificates of Group I with a lower numeral designation shall have been reduced to zero; (ii) to the Holders of the Class M-1 Certificates; provided, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificateshowever, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) to the Holders of the Class B-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. II. On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Principal Remittance Amount for such Distribution Date will be made in the following amounts and order of priority: (i) to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below), until the Senior Principal Distribution Amount has been distributed in full; (ii) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, the Class B-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, the Class B-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, the Class B-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) to the Holders of the Class B-4 Certificates, the Class B-4 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero. With respect to the Class A Certificates, all principal distributions will be distributed sequentially, first, to the Holders of the Class A-6 Certificates, in an amount equal to the Class A-6 Lockout Distribution Amount for the related Distribution Date, second, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero, third, to the Holders of the Class A-2 Certificates, until the Certificate Principal Balance of the Class A-2 Certificates has been reduced to zero, fourth, to the Holders of the Class A-3 Certificates, until the Certificate Principal Balance of the Class A-3 Certificates has been reduced to zero, fifth, to the Holders of the Class A-4 Certificates, until the Certificate Principal Balance of the Class A-4 Certificates has been reduced to zero, sixth, to the Holders of the Class A-5 Certificates, until the Certificate Principal Balance of the Class A-5 Certificates has been reduced to zero, and seventh, to the Holders of the Class A-6 Certificates, until the Certificate Principal Balance of the Class A-6 Certificates has been reduced to zero; PROVIDED, HOWEVER, that on any Distribution Date on which the aggregate Certificate Principal Balance of the Mezzanine Senior Certificates has been reduced of Group I is equal to zeroor greater than the aggregate Loan Balance of the Group I Home Equity Loans, notwithstanding anything contained herein the Senior Principal Distribution Amount for Group I will be distributed pro rata and not sequentially to those Senior Certificates; and 2. To the contraryClass MF-1 Certificates, all distributions the Class M-1 Principal Distribution Amount for that Class; 3. To the Class MF-2 Certificates, the Class M-2 Principal Distribution Amount for that Class; 4. To the Class MF-3 Certificates, the Class M-3 Principal Distribution Amount for that Class; and 5. To the Class BF Certificates, the Class B Principal Distribution Amount for that Class. B. For the Principal Distribution Amount with respect to Group II/III: 1. To the Senior Certificates of principal Group II/III, the Senior Principal Distribution Amount for Group II/III, concurrently, as follows: (i) the Group II Senior Principal Distribution Amount to the Class A Certificates AV-1 Certificates, and (ii) the Group III Senior Principal Distribution Amount to the Group III Senior Certificates, allocated concurrently, pro rata, as follows: (a) to the Class AV-2 Certificates, and (b) to the Class AV-3, Class AV-4 and Class AV-5 Certificates, sequentially, in that order, so that no distribution will be distributed concurrently, on a PRO RATA basis based on made to any such Class until the Certificate Principal Balance of each such all the Class AV-3, Class AV-4 and Class AV-5 Certificates with a lower numerical designation shall have been reduced to zero; 2. To the Class MV-1 Certificates, the Class M-1 Principal Distribution Amount for that Class; 3. To the Class MV-2 Certificates, the Class M-2 Principal Distribution Amount for that Class; 4. To the Class MV-3 Certificates, the Class M-3 Principal Distribution Amount for that Class; 5. To the Class MV-4 Certificates, the Class MV-4 Principal Distribution Amount; 6. To the Class MV-5 Certificates, the Class MV-5 Principal Distribution Amount; 7. To the Class MV-6 Certificates, the Class MV-6 Principal Distribution Amount; and 8. To the Class BV Certificates, the Class B Principal Distribution Amount for that Class.

Distributions of Principal. I. On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Group I Principal Remittance Amount will be made to the Holders of the Class AV-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. II. On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Group II Principal Remittance Amount will be made to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below), until the Certificate Principal Balances thereof have been reduced to zero. III. On each Distribution Date (a) prior to the Stepdown Date or (b) on which a Trigger Event is in effect, distributions in respect of principal to the extent of the Principal Remittance Amount remaining undistributed for such Distribution Date will be made in the following amounts and order of priority: (i) if, following the distribution of the Group I Principal Remittance Amount as set forth in Section 4.02(A)(I), the Group I Enhancement Amount is less than the Group I Targeted Enhancement Amount, to the Holders of the Class A AV-1 Certificates, until the Group I Enhancement Amount is equal to the Group I Targeted Enhancement Amount; (ii) if, following the distribution of the Group II Principal Remittance Amount as set forth in Section 4.02(A)(II), the Group II Enhancement Amount is less than the Group II Targeted Enhancement Amount, to the Holders of the Group II Certificates (allocated among the Class A Group II Certificates in the priority described below), until the Group II Enhancement Amount is equal to the Group II Targeted Enhancement Amount; (iii) to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below) and the Class AV-1 Certificates, in that order, until the Certificate Principal Balances thereof have been reduced to zero; (iiiv) to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iiiv) to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (ivvi) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vvii) to the Holders of the Class B-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viviii) to the Holders of the Class B-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (viiix) to the Holders of the Class B-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (viiix) to the Holders of the Class B-4 Certificates, until the Certificate Principal Balance thereof has been reduced to zero. IIIV. On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group I Principal Remittance Amount will be made to the Holders of the Class AV-1 Certificates in an amount equal to the Group I Senior Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero. V. On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Group II Principal Remittance Amount will be made to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below) in an amount equal to the Group II Senior Principal Distribution Amount, until the Certificate Principal Balances thereof have been reduced to zero. VI. On each Distribution Date (a) on or after the Stepdown Date and (b) on which a Trigger Event is not in effect, distributions in respect of principal to the extent of the Principal Remittance Amount (as reduced by the amount of Overcollateralization Release Amount, if any) remaining undistributed for such Distribution Date will be made in the following amounts and order of priority: (i) if, following the distribution of the Group I Principal Remittance Amount as set forth in Section 4.02(A)(IV), any portion of the Group I Senior Principal Distribution Amount remains undistributed, to the Holders of the Class A AV-1 Certificates, until the Group I Senior Principal Distribution Amount has been distributed in full; (ii) if, following the distribution of the Group II Principal Remittance Amount as set forth in Section 4.02(A)(V), any portion of the Group II Senior Principal Distribution Amount remains undistributed, to the Holders of the Group II Certificates (allocated among the Class A Group II Certificates in the priority described below), until the Group II Senior Principal Distribution Amount has been distributed in full; (iii) to the Holders of the Group II Certificates (allocated among the Group II Certificates in the priority described below) and the Class AV-1 Certificates, in that order, until the Senior Principal Distribution Amount has been distributed in full; (iiiv) to the Holders of the Class M-1 Certificates, the Class M-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (iiiv) to the Holders of the Class M-2 Certificates, the Class M-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (ivvi) to the Holders of the Class M-3 Certificates, the Class M-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vvii) to the Holders of the Class B-1 Certificates, the Class B-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (viviii) to the Holders of the Class B-2 Certificates, the Class B-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (viiix) to the Holders of the Class B-3 Certificates, the Class B-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; and (viiix) to the Holders of the Class B-4 Certificates, the Class B-4 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero. With respect to the Class A Group II Certificates, all principal distributions will be distributed sequentially, first, to the Holders of the Class A-6 Certificates, in an amount equal to the Class A-6 Lockout Distribution Amount for the related Distribution Date, second, to the Holders of the Class A-1 AV-2 Certificates, until the Certificate Principal Balance of the Class A-1 AV-2 Certificates has been reduced to zero, thirdsecond, to the Holders of the Class A-2 AV-3 Certificates, until the Certificate Principal Balance of the Class A-2 AV-3 Certificates has been reduced to zero, fourthzero and third, to the Holders of the Class A-3 AV-4 Certificates, until the Certificate Principal Balance of the Class A-3 Certificates has been reduced to zero, fifth, to the Holders of the Class A-4 Certificates, until the Certificate Principal Balance of the Class A-4 Certificates has been reduced to zero, sixth, to the Holders of the Class A-5 Certificates, until the Certificate Principal Balance of the Class A-5 Certificates has been reduced to zero, and seventh, to the Holders of the Class A-6 Certificates, until the Certificate Principal Balance of the Class A-6 AV-4 Certificates has been reduced to zero; PROVIDEDprovided, HOWEVERhowever, on any Distribution Date on which the aggregate Certificate Principal Balance of the Mezzanine Subordinate Certificates has been reduced to zero, notwithstanding anything contained herein to the contrary, all distributions of principal to the Class A Group II Certificates will be distributed concurrently, on a PRO RATA basis based on the Certificate Principal Balance of each such Class.

Distributions of Principal. I. On The Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) the Principal Distribution Amount and apply it in the following order of priority and to the extent of such funds: With respect to each Distribution Date (a) prior to before the Stepdown Date or (b) on as to which a Trigger Event is in effect, distributions the Principal Distribution Amount will be allocated among and distributed in respect of principal to the extent reduction of the Principal Remittance Amount for such Distribution Date will be made Class Certificate Balances of the Certificates in the following amounts and order of priority: (i) : first, to the Holders of the Class A Certificates (allocated among the Class A Certificates in the priority described below)A-R Certificate, until the Class Certificate Principal Balances thereof have been reduced to zero; (ii) to the Holders of the Class M-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iii) to the Holders of the Class M-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (iv) to the Holders of the Class M-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) second, concurrently, to the Holders of Class A-1, Class A-2 and Class A-3 Certificates, pro rata; until the Class B-4 Certificate Balances thereof have been reduced to zero; third, to the Class M-1 Certificates, until the Class Certificate Principal Balance thereof has been reduced to zero. II; fourth, to the Class M-2 Certificates, until the Class Certificate Balance thereof has been reduced to zero; fifth, to the Class M-3 Certificates, until the Class Certificate Balance thereof has been reduced to zero; sixth, to the Class M-4 Certificates, until the Class Certificate Balance thereof has been reduced to zero; seventh, to the Class M-5 Certificates, until the Class Certificate Balance thereof has been reduced to zero; eighth, any remaining Principal Distribution Amount will be distributed as described below in Section 5.02(c) hereof. On With respect to each Distribution Date (a) on or after the Stepdown Date and (b) on which as long as a Trigger Event is not in effect, distributions the Principal Distribution Amount will be allocated among and distributed in respect of principal to the extent reduction of the Principal Remittance Amount for such Distribution Date will be made Class Certificate Balances of the Certificates in the following amounts and order of priority: (i) : first, to the Holders of Class A-R Certificate, until the Class A Certificates (allocated among Certificate Balance thereof has been reduced to zero; second, concurrently, to the Class A Certificates in the priority described below)A-1, until Class A-2 and Class A-3 Certificates, pro rata, the Senior Principal Distribution Amount has until the Class Certificate Balances thereof have been distributed in full; (ii) reduced to the Holders of zero; third, to the Class M-1 Certificates, up to the Class M-1 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (iii) ; fourth, to the Holders of the Class M-2 Certificates, up to the Class M-2 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (iv) ; fifth, to the Holders of the Class M-3 Certificates, up to the Class M-3 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero; (v) to the Holders of the Class B-1 Certificates, the Class B-1 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vi) to the Holders of the Class B-2 Certificates, the Class B-2 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; (vii) to the Holders of the Class B-3 Certificates, the Class B-3 Principal Distribution Amount, until the Certificate Principal Balance thereof has been reduced to zero; and (viii) sixth, to the Holders of Class M-4 Certificates, up to the Class B-4 Certificates, the Class B-4 M-4 Principal Distribution Amount, until the Class Certificate Principal Balance thereof has been reduced to zero. With respect to the Class A Certificates, all principal distributions will be distributed sequentially, first, to the Holders of the Class A-6 Certificates, in an amount equal to the Class A-6 Lockout Distribution Amount for the related Distribution Date, second, to the Holders of the Class A-1 Certificates, until the Certificate Principal Balance of the Class A-1 Certificates has been reduced to zero, third, to the Holders of the Class A-2 Certificates, until the Certificate Principal Balance of the Class A-2 Certificates has been reduced to zero, fourth, to the Holders of the Class A-3 Certificates, until the Certificate Principal Balance of the Class A-3 Certificates has been reduced to zero, fifth, to the Holders of the Class A-4 Certificates, until the Certificate Principal Balance of the Class A-4 Certificates has been reduced to zero, sixth, to the Holders of the Class A-5 Certificates, until the Certificate Principal Balance of the Class A-5 Certificates has been reduced to zero, and ; seventh, to the Holders of Class M-5 Certificates, up to the Class A-6 CertificatesM-5 Principal Distribution Amount, until the Class Certificate Principal Balance of the Class A-6 Certificates thereof has been reduced to zero; PROVIDEDand eighth, HOWEVERany remaining Principal Distribution Amount will be distributed as described in Section 5.02(c) hereof. Notwithstanding the foregoing, on any or after the Distribution Date on which the aggregate Class Certificate Principal Balance of the Mezzanine Certificates has been reduced to zerozero and there is no Overcollateralization Amount, notwithstanding anything contained herein all principal distributions to the contrary, all distributions of principal to the Class A Senior Certificates will shall be distributed concurrently, concurrently on a PRO RATA basis pro rata basis, based on the Class Certificate Principal Balance of each such Class, until the Class Certificate Balance of each such Class has been reduced to zero.