Common use of Principal if no Cross-Over Situation Exists Clause in Contracts

Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

Appears in 25 contracts

Samples: Pooling and Servicing Agreement (J P Morgan Acceptance Corp I), Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2006-A4), Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2005-Alt 1)

AutoNDA by SimpleDocs

Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts Principal Amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2005-A2), Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2005-A5)

Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts arising with respect to each such Mortgage Pool will be allocated: first to cause the Mortgage Pool's corresponding Class A [ ] and Class B [ ] to equal, respectively, 0.9[ ]% of the SP and 0.1[ ]% of the SP; and second to the Mortgage Pool's corresponding Class C [ ] Interest.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Bond Securitization LLC)

AutoNDA by SimpleDocs

Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Interests, then principal amounts Principal Amounts arising with respect to each such Mortgage Pool will shall be allocated: first to cause the Mortgage Pool's corresponding Class A and Class B to equal, respectively, 0.9% of the SP and 0.1% of the SP; and second to the Mortgage Pool's corresponding Class C Interest.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Trust 2005-A3)

Time is Money Join Law Insider Premium to draft better contracts faster.