Common use of Priorities of Distributions Clause in Contracts

Priorities of Distributions. (a) On each Distribution Date, the Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(f) and (g) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount for each Loan Group, and shall apply such funds to the Certificates in the following order of priority and to the extent of such funds, paying each Group solely from the Pool Distribution Amount for the Related Loan Group, in the following order of priority and to the extent of such funds: (i) concurrently to each Class of Senior Certificates and IO Component of such Group, an amount allocable to interest equal to the Interest Distribution Amount for such Class or Component Interest Distribution Amount for such Component and any shortfall being allocated among such Classes or Component in proportion to the amount of the Interest Distribution Amount or Component Interest Distribution Amount, as the case may be, that would have been distributed in the absence of such shortfall but, until the Accretion Termination Date, amounts that would have been distributed pursuant to this clause to the Class 1-A-15 Certificates may be distributed instead as principal to the Class 1-A-2 Certificates in accordance with Section 5.02(b)(v);

Priorities of Distributions. (a) On each Distribution Date, based solely on the information contained in the Master Servicer's Certificate, the Securities Administrator shall withdraw from the Certificate Distribution Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master ServicerSecurities Administrator, the Securities Administrator Master Servicer and the Trustee pursuant to Section 3.09(f3.11(a) and (g) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount for each Loan Group, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests and then to the Uncertificated Subsidiary Lower-Tier Interests as specified in this Section 5.02(a) and to the Class 1-A-R Certificate, and then to distributions on the Certificates (other than the Class 1-A-R Certificate). Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, paying the Senior Certificates of each Group solely from the applicable Pool Distribution Amount, paying the Class 1-B Certificates solely from the Pool Distribution Amount for Loan Group 1, paying the Related Aggregate Group 2 Subordinate Certificates solely from the combined Pool Distribution Amounts for Loan GroupGroup 2, Loan Group 3 and Loan Group 3 and paying the Aggregate Group 3 Subordinate Certificates solely from the combined Pool Distribution Amounts for Loan Group 5 and Loan Group 6, in the following order of priority and to the extent of such funds: (i) concurrently to each Class of Senior Certificates and IO Component of such Group, an amount allocable to interest equal to the Interest Distribution Amount for such Class or Component Interest Distribution Amount for such Component and any shortfall being allocated among such Classes or Component in proportion to the amount of the Interest Distribution Amount or Component Interest Distribution Amount, as the case may be, that would have been distributed in the absence of such shortfall but, until the Accretion Termination Date, amounts that would have been distributed pursuant to this clause to the Class 1-A-15 Certificates may be distributed instead as principal to the Class 1-A-2 Certificates in accordance with Section 5.02(b)(v);

Priorities of Distributions. (a) On each Distribution Date, based solely on the Securities Administrator information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(fSections 3.11(b)(i) and (g3.11(b)(ii) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount for each Loan GroupAmount, in an amount as specified in written notice received by the Trustee from the Servicer no later than the related Determination Date, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests as specified in this Section 5.02(a) for deposit in the Upper-Tier Certificate Account and to the Class A-LR Certificate, and then from the Upper-Tier Certificate Account to distributions on the Certificates in the following order of priority and to the extent of such funds, paying each Group solely from the Pool Distribution Amount for the Related Loan Group, in the following order of priority and to the extent of such funds: : (i) concurrently to each Class of Senior Certificates (other than the Class A-PO and IO Component of such GroupClass A-LR Certificates), an amount allocable to interest equal to the Interest Distribution Amount for such Class or Component Interest Distribution Amount for such Component and any shortfall being allocated among such Classes or Component in proportion to the amount of the Interest Distribution Amount or Component Interest Distribution Amount, as the case may be, that would have been distributed in the absence of such shortfall but, until the Accretion Termination Date, amounts that would have been distributed pursuant to this clause to the Class 1-A-15 Certificates may be distributed instead as principal to the Class 1-A-2 Certificates in accordance with Section 5.02(b)(v)shortfall;

Priorities of Distributions. (a) On each Distribution Date, based solely on the Securities Administrator information contained in the Servicer's Certificate, the Trustee shall withdraw from the Certificate Distribution Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts amount payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(f3.11(b)(2) and (g) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, itself and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount for each Loan Group, in an amount specified in written notice received by the Trustee from the Servicer no later than the Business Day following the related Determination Date, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests and then to the Uncertificated Subsidiary Lower-Tier Interests as specified in this Section 5.02(a) and to the Class 1-A-R Certificate, and then to distributions on the Certificates (other than the Class 1-A-R Certificate). Distributions shall be made on the Certificates in the following order of priority and to the extent of such funds, paying the Senior Certificates of each Group solely from the applicable Pool Distribution Amount and paying the Subordinate Certificates solely from the combined remaining Pool Distribution Amounts for the Related all Loan GroupGroups, in the following order of priority and to the extent of such funds: (i) concurrently to each Class of Senior Certificates and IO Component of such GroupCertificates, an amount allocable to interest equal to the Interest Distribution Amount for such Class or Component Interest Distribution Amount for such Component and any shortfall being allocated among such Classes or Component in proportion to the amount of the Interest Distribution Amount or Component Interest Distribution Amount, as the case may be, that would have been distributed in the absence of such shortfall butshortfall; (ii) to each Class of Senior Certificates, until the Accretion Termination Date, amounts that would have been distributed pursuant to this clause in an aggregate amount up to the Class 1-A-15 Certificates may Senior Principal Distribution Amount for such Group, such distribution to be distributed instead as principal to the Class 1-A-2 Certificates allocated among such Classes in accordance with Section 5.02(b)(v5.02(b);

Priorities of Distributions. (a) On each Distribution Date, based solely on the Securities information provided to the Certificate Administrator by the Master Servicer and the Servicers, the Certificate Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) ) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Certificate Administrator and the Trustee pursuant to Section 3.09(f3.11(c)(i) and (g) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, Certificate Administrator and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount for each Loan Group, and shall apply such funds funds, first, to distributions in respect of the Certificates Uncertificated Lower-Tier Regular Interests for deposit in the following order of priority Upper-Tier Certificate Account, as specified in this Section 5.02(a) and then from the Upper-Tier Certificate Account to distributions on the extent of such fundsCertificates, paying priorities (i) through (ii) to each Group solely from the applicable Pool Distribution Amount for and priorities (iii) and (iv) from the Related Loan Groupremaining combined Pool Distribution Amounts, in the following order of priority and to the extent of such funds: (i) concurrently to each Class of Senior Certificates and IO Component of such Loan Group, an amount allocable to interest equal to the Interest Distribution Amount for such Class or Component Interest Distribution Amount for such Component and any shortfall being allocated among such Classes or Component in proportion to the amount of the Interest Distribution Amount or Component Interest Distribution Amount, as the case may be, that would have been distributed in the absence of such shortfall but, until the Accretion Termination Date, amounts that would have been distributed pursuant to this clause shortfall; (ii) to the Class 1-A-15 Senior Certificates may be distributed instead as principal of a Group, in an aggregate amount up to the Class 1-A-2 Certificates Senior Principal Distribution Amount for such Group, such distribution to be allocated among such Classes in accordance with Section 5.02(b)(v5.02(b);

Priorities of Distributions. (a) On each Distribution Date, the Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(f3.09(e) and (gf) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Administrative Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Loan Group, and shall apply such funds funds, first, to distributions in respect of the Uncertificated Lower-Tier Interests, and then to the Uncertificated Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Certificates in the following order of priority and to the extent of such funds, paying the Senior Certificates of each Group solely from the Pool Distribution Amount for the Related Loan Group, paying the Subordinate Certificates from the remaining Pool Distribution Amounts for all Loan Groups, in the following order of priority and to the extent of such funds: (i) concurrently to each Class of Senior Certificates and IO Component of such Group, an amount allocable to interest equal to the Interest Distribution Amount for such Class or Component Interest Distribution Amount for such Component and any shortfall being allocated among such Classes or Component in proportion to the amount of the Interest Distribution Amount or Component Interest Distribution Amount, as the case may be, that would have been distributed in the absence of such shortfall but, until the Accretion Termination Date, amounts that would have been distributed pursuant to this clause to the Class 1-A-15 Certificates may be distributed instead as principal to the Class 1-A-2 Certificates in accordance with Section 5.02(b)(v)shortfall;