Common use of Principal Distributions Clause in Contracts

Principal Distributions. On each Distribution Date, the Principal Distribution Amount for that Distribution Date will be distributed in the following order of priority until such amounts have been fully distributed: (i) to the Class A Certificates, the Senior Principal Distribution Amount; (ii) to the Class M-1 Certificates, the Class M-1 Principal Distribution Amount; (iii) to the Class M-2 Certificates, the Class M-2 Principal Distribution Amount; (iv) to the Class B Certificates, the Class B Principal Distribution Amount; (v) to the Class X Certificates, an amount up to the remaining Aggregate Principal Balance of the Mortgage Loans; and (vi) to the Class R Certificates, any remaining amount.