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 Sub-WAC REMIC Interests, principal amounts arising with respect to each of Loan Group will be allocated: first to cause the Loan Group’s corresponding Class A and Class B Interests to equal, respectively, 0.9% of the Subordinate Portion of such Loan Group and 0.1% of the Subordinate Portion of such Loan Group; and second to the Loan Group’s corresponding Class C Interest;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Starm Mortgage Loan Trust 2007-2), Pooling and Servicing Agreement (STARM Mortgage Loan Trust 2007-3), Pooling and Servicing Agreement (STARM Mortgage Loan Trust 2007-S1)

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Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Sub-WAC REMIC Interests, principal amounts pincipal aounts arising with respect to each of Loan Group 1 and Loan Group 2 will be allocated: first to cause the Loan Group’s 's corresponding Class A and Class B Interests to equal, respectively, 0.9% of the Subordinate Portion of such Loan Group and 0.1% of the Subordinate Portion of such Loan Group; and second to the Loan Group’s 's corresponding Class C Interest;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc3)

Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Sub-WAC REMIC Interests, principal amounts pincipal aounts arising with respect to each of Loan Group 1, Loan Group 2 and Loan Group 3 will be allocated: first to cause the Loan Group’s corresponding Class A and Class B Interests to equal, respectively, 0.9% of the Subordinate Portion of such Loan Group and 0.1% of the Subordinate Portion of such Loan Group; and second to the Loan Group’s corresponding Class C Interest;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2007-Hy3)

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Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Sub-WAC REMIC Interests, principal amounts arising with respect to each of Loan Group 1 and Loan Group 2 will be allocated: first to cause the Loan Group’s 's corresponding Class A and Class B Interests to equal, respectively, 0.9% of the Subordinate Portion of such Loan Group and 0.1% of the Subordinate Portion of such Loan Group; and second to the Loan Group’s 's corresponding Class C Interest;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oc4)

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