Common use of Group II Senior Percentage Clause in Contracts

Group II Senior Percentage. If on any Distribution Date the allocation to the Class IIA Certificates and Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IIA Certificates and Class R Certificate below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, the Class IIA-P Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.

Group II Senior Percentage. If on any Distribution Date the allocation to the Group II Certificates (other than the Class IIA Certificates and Class R Certificate IIA-P Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group II Certificates (other than the Class IIA Certificates and Class R Certificate IIA-P Certificates) below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, the Class IIA-P Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.

Group II Senior Percentage. If on any Distribution Date the allocation to the Class IIA Certificates and Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IIA Certificates and Class R Certificate below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, the Class IIA-P Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.

Group II Senior Percentage. If on any Distribution Date the allocation to the Class IIA Certificates and Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IIA Certificates and Class R Certificate below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, Component A-P-2 of the Class IIAA-P Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.

Group II Senior Percentage. If on any Distribution Date the allocation to the Group II Certificates (other than the Class IIA Certificates and Class R Certificate IIA-P Certificates) of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Group II Certificates (other than the Class IIA Certificates and Class R Certificate IIA-P Certificates) below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, the Class IIA-P Certificates Certificate will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.

Group II Senior Percentage. If on any Distribution Date the allocation to the Class IIA Certificates and Class R Certificate of Principal Prepayments in the percentage required would reduce the sum of the Class Principal Balances of the Class IIA Certificates and Class R Certificate below zero, the Group II Senior Prepayment Percentage for such Distribution Date shall be limited to the percentage necessary to reduce such sum to zero. Notwithstanding the foregoing, however, on each Distribution Date, the Class IIAA-P Certificates will receive the Group II Discount Fraction of all Principal Prepayments, including, without limitation, Principal Prepayments, received in respect of each Group II Discount Loan.