Common use of Distributions on the Uncertificated Regular Interests Clause in Contracts

Distributions on the Uncertificated Regular Interests. (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount related to the Group I Loans and Group II Loans to the extent on deposit in the Certificate Account for such date to the interests issued in respect of REMIC I, REMIC II, REMIC III and REMIC IV as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Available Distribution Amount related to the Group I Loans, reduced by distributions made to the Class R-I Certificates pursuant to Section 4.02(b), shall be deemed distributed by REMIC I to REMIC III on account of the REMIC I Regular Interests: (i) Uncertificated Accrued Interest on REMIC I Regular Interest A and the REMIC I I-A-V Regular Interests, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, (x) to REMIC I Regular Interest I-A-P, in an amount equal to the amount distributed on such Distribution Date in respect of the Class I-A-P Certificates, and (y) the balance to REMIC I Regular Interest A until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero. (2) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b), shall be deemed distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) Uncertificated Accrued Interest on REMIC II Regular Interest B and REMIC II Regular Interest II-A-V, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, (x) to REMIC II Regular Interest II-A-P, in an amount equal to the amount distributed on such Distribution Date in respect of the Class II-A-P Certificates, and (y) the balance to REMIC II Regular Interest B until the Uncertificated Principal Balance of such REMIC II Regular Interest is reduced to zero. (A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group I Loans: (i) to the extent of the Available Distribution Amount related to the Group I Loans, reduced by distributions made to the Class R-I Certificates and Class R-III Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates, and (ii) on each Distribution Date, to the Holders of the related REMIC III Regular Interests in an amount equal to the remainder of the Available Distribution Amount related to the Group I Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated to the Corresponding Certificated Interests, respectively, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero. (B) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group II Loans: (i) to the extent of the Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. (ii) on each Distribution Date, to the Holders of related REMIC III Regular Interests in an amount equal to the remainder of the Available Distribution Amount related to the Group II Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated to the Corresponding Certificated Interests for each such REMIC III Regular Interest, respectively, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero; (c) Notwithstanding the deemed distributions on the Uncertificated Class A-V REMIC Regular Interests described in this Section 10.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.02.

Distributions on the Uncertificated Regular Interests. (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount related to the Group I Loans and Group II Loans to the extent on deposit in the Certificate Account for such date to the interests issued in respect of REMIC I, REMIC II, REMIC III I and REMIC IV II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Available Distribution Amount related to the Group I Loans, reduced by distributions made to the Class R-I Certificates pursuant to Section 4.02(b), shall be deemed distributed by REMIC I to REMIC III on account of the REMIC I Regular Interests: (i) Uncertificated Accrued Interest on REMIC I Regular Interest A and the REMIC I I-A-V Regular Interests, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, (x) to REMIC I Regular Interest I-A-P, in an amount equal to the amount distributed on such Distribution Date in respect of the Class I-A-P Certificates, and (y) the balance to REMIC I Regular Interest A until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero. (2) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b), shall be deemed distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) Uncertificated Accrued Interest on REMIC II Regular Interest B and REMIC II Regular Interest II-A-V, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, (x) to REMIC II Regular Interest II-A-P, in an amount equal to the amount distributed on such Distribution Date in respect of the Class II-A-P Certificates, and (y) the balance to REMIC II Regular Interest B until the Uncertificated Principal Balance of such REMIC II Regular Interest is reduced to zero. (A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group I Loans: (i) to the extent of the Available Distribution Amount related to the Group I Loans, reduced by distributions made to the Class R-I Certificates and Class R-III Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates, and (ii) on each Distribution Date, to the Holders of the related REMIC III Regular Interests in an amount equal to the remainder of the Available Distribution Amount related to the Group I Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated to the Corresponding Certificated Interests, respectively, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero. (B) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group II Loans: (i) to the extent of the Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. (ii) on each Distribution Date, to the Holders of related REMIC III Regular Interests in an amount equal to the remainder of the Available Distribution Amount related to the Group II Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated to the Corresponding Certificated Interests for each such REMIC III Regular Interest, respectively, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero; (c) Notwithstanding the deemed distributions on the Uncertificated Class A-V REMIC Regular Interests described in this Section 10.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.02.

Distributions on the Uncertificated Regular Interests. (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall allocate and distribute the Available Distribution Amount related to the Group I Loans and Group II Loans to the extent on deposit in the Certificate Account for such date to the interests issued in respect of REMIC I, REMIC II, REMIC III I and REMIC IV II as specified in this Section. (1) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Available Distribution Amount related to the Group I Loans, reduced by distributions made to the Class R-I Certificates pursuant to Section 4.02(b), shall be deemed distributed by REMIC I to REMIC III on account of the REMIC I Regular Interests: (i) Uncertificated Accrued Interest on REMIC I Regular Interest A and the REMIC I I-A-V Regular Interests, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, (x) to REMIC I Regular Interest I-A-P, in an amount equal to the amount distributed on such Distribution Date in respect of the Class I-A-P Certificates, and (y) the balance to REMIC I Regular Interest A until the Uncertificated Principal Balance of such REMIC I Regular Interest is reduced to zero. (2) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b), shall be deemed distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) Uncertificated Accrued Interest on REMIC II Regular Interest B and REMIC II Regular Interest II-A-V, pro rata, for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, (x) to REMIC II Regular Interest II-A-P, in an amount equal to the amount distributed on such Distribution Date in respect of the Class II-A-P Certificates, and (y) the balance to REMIC II Regular Interest B until the Uncertificated Principal Balance of such REMIC II Regular Interest is reduced to zero. (A) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group I Loans: (i) to the extent of the Available Distribution Amount related to the Group I Loans, reduced by distributions made to the Class R-I Certificates and Class R-III Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates, and (ii) on each Distribution Date, to the Holders of the related REMIC III Regular Interests in an amount equal to the remainder of the Available Distribution Amount related to the Group I Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated to the Corresponding Certificated Interests, respectively, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero. (B) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group II Loans: (i) to the extent of the Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. (ii) on each Distribution Date, to the Holders of related REMIC III Regular Interests in an amount equal to the remainder of the Available Distribution Amount related to the Group II Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated to the Corresponding Certificated Interests for each such REMIC III Regular Interest, respectively, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero; (c) Notwithstanding the deemed distributions on the Uncertificated Class A-V REMIC Regular Interests described in this Section 10.04, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.02.

Distributions on the Uncertificated Regular Interests. (a) On each Distribution Date, the Trustee (or the Paying Agent on behalf of the Trustee) shall be deemed to allocate and distribute the Group I Available Distribution Amount, Group II Available Distribution Amount related to the Group I Loans and Group II Loans III Available Distribution Amount to the extent on deposit in the Certificate Account for such date to the interests issued in respect of REMIC I, REMIC II, II and REMIC III and REMIC IV as specified in this Section. (1b) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Group I Available Distribution Amount related to the and Group I Loans, II Available Distribution Amount reduced by distributions made to the Class R-I Certificates pursuant to Section 4.02(b4.02(a), shall be deemed distributed by REMIC I to REMIC III on account of the REMIC I Regular Interests: (i) Uncertificated Accrued Interest on the REMIC I Regular Interest A and the REMIC I I-A-V Regular Interests, pro rata, Interests for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, allocated as follows: (xA) first, to the Holders of REMIC I Regular Interest IInterests LT-AI- AP and LT-PII-AP, in an amount equal to the amount deemed distributed on such Distribution Date in respect of the Class I-A-P CertificatesCorresponding Interest for such Distribution Date, and (yB) the balance second, to each REMIC I Regular Interest A until ending with the Uncertificated Principal Balance designation "SUB," so that the principal balance of each such REMIC I Regular Interest is reduced equal to zero0.01% of the excess of (x) the aggregate Stated Principal Balance of the Mortgage Loans in the related Loan Group over (y) the Certificate Principal Balances of the Senior Certificates related to such Loan Group (except that if any such excess is a larger number than in the preceding distribution period, the least amount of principal shall be distributed to such REMIC I Regular Interests such that the REMIC I Subordinated Balance Ratio is maintained); and (C) thereafter, any remaining principal from the Group I Available Distribution Amount to REMIC I Regular Interest LT-I-ZZZ and any remaining principal from the Group II Available Distribution Amount to REMIC I Regular Interest LT-II-ZZZ. (2c) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Group III Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b4.02(a), shall be deemed distributed by REMIC II to REMIC III on account of the REMIC II Regular Interests: (i) Uncertificated Accrued Interest on the REMIC II Regular Interest B and REMIC II Regular Interest II-A-V, pro rata, Interests for such Distribution Date, plus any Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Date; and (ii) to the extent of amounts remaining after the distributions made pursuant to clause (i) above, allocated as follows: (xA) first, to the Holders of REMIC II Regular Interest IILT-A-PIII- AP, in an amount equal to the amount deemed distributed on such Distribution Date in respect of the Class II-A-P CertificatesCorresponding Interest for such Distribution Date, and (yB) thereafter, any remaining principal from the balance Group III Available Distribution Amount to REMIC II Regular Interest B LT-IIIA until the Uncertificated Principal Balance of such REMIC II Regular Interest is reduced to zero. (Ad) On each Distribution Date, the following amounts, in the following order of priority, to the extent of the Available Distribution Amount reduced by distributions made to the Class R-III Certificates pursuant to Section 4.02(a), shall be deemed distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group I LoansInterests: (i) to Uncertificated Accrued Interest on the extent of the Available Distribution Amount related to the Group I Loans, reduced by distributions made to the Class R-I Certificates and Class R-III Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest Interests for such Distribution Date, plus (B) any amounts in respect thereof Uncertificated Accrued Interest thereon remaining unpaid from any previous Distribution Dates, Date; and (ii) on each Distribution Date, an amount equal to the Holders sum of the related amounts in respect of principal distributed on account of the Certificates (other than the Class R Certificates) for such Distribution Date shall be deemed distributed on the REMIC III Regular Interests in an amount equal to accordance with the remainder of the Available Distribution Amount related to the Group I Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated priority assigned to the Corresponding Certificated Interests, respectivelyCertificates, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero. (B) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC III to REMIC IV on account of the REMIC III Regular Interests related to the Group II Loans: (i) to the extent of the Available Distribution Amount related to the Group II Loans, reduced by distributions made to the Class R-II Certificates pursuant to Section 4.02(b), to the Holders of the related REMIC III Regular Interests, pro rata, in an amount equal to (A) the related Uncertificated Accrued Interest for such Distribution Date, plus (B) any amounts in respect thereof remaining unpaid from previous Distribution Dates. (ii) on each Distribution Date, to the Holders of related REMIC III Regular Interests in an amount equal to the remainder of the Available Distribution Amount related to the Group II Loans, after the distributions made pursuant to clause (i) above, allocated in the same proportion as principal payments are allocated to the Corresponding Certificated Interests for each such REMIC III Regular Interest, respectively, until the Uncertificated Principal Balance of each such REMIC III Regular Interest is reduced to zero; (ce) Notwithstanding the deemed distributions on the Uncertificated Class A-V REMIC I Regular Interests, the Uncertificated REMIC II Regular Interests and the Uncertificated REMIC III Regular Interests described in this Section 10.044.08, distributions of funds from the Certificate Account shall be made only in accordance with Section 4.02.. 115