Common use of Realized Losses Clause in Contracts

Realized Losses. (i) Realized Losses shall be applied prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, and thereafter pro rata to the Class A Interests; (3) the remaining Realized Losses in Pool 2 shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, thereafter to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) shall be allocated to the Class B Interests in REMIC II in reverse sequential order, in each case until the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class A Interests pro rata in proportion to the Certificate Balances of such Class A Interests immediately prior to the distribution date. (iii) Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i), 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order, in each case until the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class of Class A Interests pro rata based on their outstanding Certificate Balance in each case until the Certificate Balances of such Class of Certificates have been reduced to zero.

Realized Losses. (i) On each Distribution Date, Realized Losses shall be applied and Special Losses (other than Excess Special Losses) realized during the prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, and thereafter pro rata to the Class A Interests; (3) the remaining Realized Losses in Pool 2 shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, thereafter to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) calendar month shall be allocated to reduce the Class B Interests in REMIC II Principal Balances of the Subordinate Certificates in reverse sequential numerical order, in each case until the Certificate Class Principal Balance of each such Class has been reduced to zero; thereafter. If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, any further Realized Losses will and Special Losses shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 1A1 Certificates shall first be allocated to the Class A Interests pro rata in proportion 1A2 Certificates, to reduce the Certificate Balances Balance of such Class A Interests immediately prior until such Certificate Balance has been reduced to the distribution date. (iii) zero, and thereafter such Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i), 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order1A1 Certificates, in each case until to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; thereafterprovided, any further, that Realized Losses will (other than Excess Special Losses) otherwise allocable to the Class 2A1, Class 2A2, Class 2A3 and Class 2A4 Certificates shall first be allocated to the Class of Class A Interests pro rata based on their outstanding 2A5 Certificates, to reduce the Certificate Balance in each case until the Certificate Balances of such Class until such Certificate balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 2A1, Class 2A2, Class 2A3 and Class 2A4 Certificates, to reduce the Certificate Balance of Certificates such Classes until such Certificate balances have been reduced to zero; and provided, further, that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 3A1 Certificates shall first be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate balance has been reduced to zero. On any Distribution Date, any Excess Special Losses realized during the prior calendar month shall be allocated, pro rata, to (x) all Classes of Senior Certificates related to the Loan Group in which such losses occurred and (y) the Subordinate Certificates, based on the aggregate Class Principal Balance of such Senior Certificates and the related Group Subordinate Amount of the Subordinate Certificates, respectively. Whenever Realized Losses, Special Losses or Excess Special Losses are required to be allocated to a Class of Certificates, the Realized Loss, Special Loss or Excess Special Loss, as applicable, shall be allocated to Certificates of such Class of the related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Realized Losses. (i) On each Distribution Date, Realized Losses shall be applied and Special Losses (other than Excess Special Losses) realized during the prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, and thereafter pro rata to the Class A Interests; (3) the remaining Realized Losses in Pool 2 shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, thereafter to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) calendar month shall be allocated to reduce the Class B Interests in REMIC II Principal Balances of the Subordinate Certificates in reverse sequential numerical order, in each case until the Certificate Class Principal Balance of each such Class has been reduced to zero; thereafter. If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, any further Realized Losses will and Special Losses shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 1A1, Class 1A3 or Class 1A4 Certificates shall first be allocated to the Class A Interests pro rata in proportion 1A2 Certificates to reduce the Certificate Balances Balance of such Class A Interests immediately prior until such Certificate Balance has been reduced to the distribution date. (iii) zero, and thereafter such Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i), 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order1A1, in each case until Class 1A3 or Class 1A4 Certificates, as applicable, to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; thereafterprovided, any further, that Realized Losses will (other than Excess Special Losses) otherwise allocable to the Class 2A1 Certificates shall first be allocated to the Class of Class A Interests pro rata based on their outstanding 2A2 Certificates to reduce the Certificate Balance in each case until the Certificate Balances of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 2A1 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero; provided, further, that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 3A1 Certificates have shall first be allocated to the Class 3A2 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero; and provided, further, that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 4A1 Certificates shall first be allocated to the Class 4A2 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero. (ii) On any Distribution Date, any Excess Special Losses realized during the prior calendar month shall be allocated, pro rata, to (x) all Classes of Senior Certificates related to the Loan Group in which such losses occurred and (y) the Subordinate Certificates, based on the aggregate Class Principal Balance of such Senior Certificates and the related Group Subordinate Amount of the Subordinate Certificates, respectively. (iii) Whenever Realized Losses, Special Losses or Excess Special Losses are required to be allocated to a Class of Certificates, the Realized Loss, Special Loss or Excess Special Loss, as applicable, shall be allocated to Certificates of such Class of the related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Realized Losses. On any Distribution Date, following distributions to be made on that Distribution Date, any Realized Losses allocated (i) Realized Losses shall be applied prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC Underlying Group I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall will be allocated first to the Class BI-1 Interest I-A-2 Certificates until the Certificate Balance Current Principal Amount thereof has been reduced to zero and then to the Class I-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, thereafter pro rata (ii) to the Underlying Group II Certificates will be allocated first to the Class BI-2 Interest II-A-2 Certificates until the Certificate Balance Current Principal Amount thereof has been reduced to zero and then to the Class II-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, (iii) to the Underlying Group III Certificates will be allocated first to the Class III-A-2 Certificates until the Current Principal Amount thereof has been reduced to zero and then to the Class III-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, (iv) to the Underlying Group IV Certificates will be allocated first to the Class IV-A-2 Certificates until the Current Principal Amount thereof has been reduced to zero and then to the Class IV-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, and thereafter pro rata (v) to the Underlying Group VI Certificates will be allocated to the Class A Interests; (3) the remaining Realized Losses VI-A-2, Class VI-A-1c, Class VI-A-1b and Class VI-A-1a Certificates, in Pool 2 shall be allocated first to the Class BI-2 Interest that order, until the Certificate Balance Current Principal Amount of each such Class thereof has been reduced to zero, thereafter . The rights of the Class V-A-2 Certificates to receive distributions will be subordinated to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zeroV-A-1a, Class V-A-1b and thereafter pro rata Class V-A-1c Certificates to the Class A Interests; (ii) extent of any Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(ithe Underlying Group V Certificates, as further described under clause 3.05(a)(V) shall of this Agreement. The rights of the Class V-A-1c Certificates to receive distributions will be allocated subordinated to the Class B Interests in REMIC II in reverse sequential order, in each case until V-A-1a Certificates and the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated V-A-1b Certificates to the Class A Interests pro rata in proportion to the Certificate Balances extent of such Class A Interests immediately prior to the distribution date. (iii) any Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i)the Underlying Group V Certificates, 3.02(a)(iias further described under clause 3.05(a)(V) or 3.02(a)(iii) shall of this Agreement. The rights of the Class V-A-1b Certificates to receive distributions will be subordinated to the Class V-A-1a Certificates to the extent of any Realized Losses allocated to the Class B Certificates in REMIC III in reverse sequential orderUnderlying Group V Certificates, in each case until the Certificate Balance as further described under clause 3.05(a)(V) of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class of Class A Interests pro rata based on their outstanding Certificate Balance in each case until the Certificate Balances of such Class of Certificates have been reduced to zerothis Agreement.

Realized Losses. On any Distribution Date, following distributions to be made on that Distribution Date, any Realized Losses allocated (i) Realized Losses shall be applied prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC Underlying Group I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall will be allocated first to the Class BI-1 Interest I-A-2 Certificates until the Certificate Balance Current Principal Amount thereof has been reduced to zero and then to the Class I-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, thereafter pro rata (ii) to the Underlying Group II Certificates will be allocated first to the Class BI-2 Interest II-A-2 Certificates until the Certificate Balance Current Principal Amount thereof has been reduced to zero and then to the Class II-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, (iii) to the Underlying Group III Certificates will be allocated first to the Class III-A-2 Certificates until the Current Principal Amount thereof has been reduced to zero and then to the Class III-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, (iv) to the Underlying Group IV Certificates will be allocated first to the Class IV-A-2 Certificates until the Current Principal Amount thereof has been reduced to zero and then to the Class IV-A-1 Certificates until the Current Principal Amount thereof has been reduced to zero, and thereafter pro rata (v) to the Underlying Group VI Certificates will be allocated to the Class A Interests; (3) the remaining Realized Losses VI-A-2, Class VI-A-1c, Class VI-A-1b and Class VI-A-1a Certificates, in Pool 2 shall be allocated first to the Class BI-2 Interest that order, until the Certificate Balance Current Principal Amount of each such Class thereof has been reduced to zero, thereafter . The rights of the Class V-A-2 Certificates to receive distributions will be subordinated to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zeroV-A-1a, Class V-A-1b and thereafter pro rata Class V-A-1c Certificates to the Class A Interests; (ii) extent of any Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(ithe Underlying Group V Certificates, as further described under clause 3.05(a)(V) shall of this Agreement. The rights of the Class V-A-1c Certificates to receive distributions will be allocated subordinated to the Class B Interests in REMIC II in reverse sequential order, in each case until V-A-1a Certificates and the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated V-A-1b Certificates to the Class A Interests pro rata in proportion to the Certificate Balances extent of such Class A Interests immediately prior to the distribution date. (iii) any Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i)the Underlying Group V Certificates, 3.02(a)(iias further described under clause 3.05(a)(V) or 3.02(a)(iii) shall of this Agreement. The rights of the Class V-A-1b Certificates to receive distributions will be subordinated to the Class V-A-1a Certificates to the extent of any Realized Losses allocated to the Class B Certificates in REMIC III in reverse sequential orderUnderlying Group V Certificates, in each case until the Certificate Balance as further described under clause 3.05(a)(V) of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class of Class A Interests pro rata based on their outstanding Certificate Balance in each case until the Certificate Balances of such Class of Certificates have been reduced to zero.this Agreement

Realized Losses. (i) On each Distribution Date, Realized Losses shall be applied (other than Excess Special Losses) realized during the prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, and thereafter pro rata to the Class A Interests; (3) the remaining Realized Losses in Pool 2 shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, thereafter to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) shall calendar month will be allocated to reduce the Class B Interests in REMIC II Principal Balances of the Subordinate Certificates in reverse sequential numerical order, in each case until the Certificate Class Principal Balance of each such Class has been reduced to zero; thereafter. If the Class Principal Balances of all of the Subordinate Certificates have been reduced to zero, any further Realized Losses will (other than Excess Special Losses) on the Mortgage Loans shall be allocated to the Class A Interests pro rata in proportion Senior Certificates related to the Certificate Balances of Loan Group in which such Realized Losses occurred based on their outstanding Class A Interests immediately prior Principal Balances, in each case until the Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable to the distribution date. (iii) Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i)Class 3A1 Certificates, 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order3A2 Certificates, in each case until to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; thereafter, any and thereafter such Realized Losses will shall be allocated to the Class of Class A Interests pro rata based on their outstanding 3A1 Certificates, to reduce the Certificate Balance in each case until the Certificate Balances of such Class until such Certificate Balance has been reduced to zero and that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 5A7 Certificates shall be allocated to the Class 5A8 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A7 Certificates have to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero. (ii) On any Distribution Date, any Excess Special Losses that are realized during the prior calendar month will be allocated to all Classes of Senior Certificates related to the Loan Group in which such losses occurred, and the Subordinate Certificates pro rata, based on, with respect to such Classes of Senior Certificates, their respective Class Principal Balances and, with respect to the Subordinate Certificates, the related Group Subordinate Amount, respectively. (iii) Whenever Realized Losses or Excess Special Losses are required to be allocated to a Class of Certificates, the Realized Loss or Excess Special Loss shall be allocated to Certificates of such Class based on their respective outstanding principal amounts.

Realized Losses. (i) On each Distribution Date, Realized Losses shall be applied and Special Losses (other than Excess Special Losses) realized during the prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, and thereafter pro rata to the Class A Interests; (3) the remaining Realized Losses in Pool 2 shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, thereafter to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) calendar month shall be allocated to reduce the Class B Interests in REMIC II Principal Balances of the Subordinate Certificates in reverse sequential numerical order, in each case until the Certificate Class Principal Balance of each such Class has been reduced to zero; thereafter. If the Class Principal Balances of the Subordinate Certificates have been reduced to zero, any further Realized Losses will and Special Losses (other than Excess Special Losses) on the Mortgage Loans shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses or Special Losses (other than Excess Special Losses) occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 3A1 Certificates, shall first be allocated to the Class A Interests pro rata in proportion 3A2 Certificates, to reduce the Certificate Balances Balance of such Class A Interests immediately prior until such Certificate Balance has been reduced to the distribution date. (iii) zero, and thereafter such Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i), 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order3A1 Certificates, in each case until to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; thereafterand provided, any further, that Realized Losses will (other than Excess Special Losses) otherwise allocable to the Class 4A1 Certificates, shall first be allocated to the Class of Class A Interests pro rata based on their outstanding 4A2 Certificates, to reduce the Certificate Balance in each case until the Certificate Balances of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 4A1 Certificates, to reduce the Certificate Balance of Certificates have such Class until such Certificate Balance has been reduced to zero. (ii) On any Distribution Date, any Excess Special Losses realized during the prior calendar month shall be allocated to (x) all Classes of Senior Certificates related to the Loan Group in which such losses occurred and (y) the Subordinate Certificates, based on the aggregate Class Principal Balance of such Senior Certificates and the related Group Subordinate Amount of the Subordinate Certificates, respectively. (iii) Whenever Realized Losses, Special Losses or Excess Special Losses are required to be allocated to a Class of Certificates, the Realized Loss, Special Loss or Excess Special Loss, as applicable, shall be allocated to Certificates of such Class of the related Loan Group or Loan Groups, as the case may be, based on their respective outstanding principal amounts.

Realized Losses. (i) On each Distribution Date, Realized Losses for the related Due Period shall be applied applied, prior to making any distributions have been to be made on each such Distribution Date in the following order: (1) Pro rata within each PoolDate, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) reduce the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 BI Interest until the Certificate Balance thereof has been reduced to zero, zero and thereafter pro rata to the Class BI-2 AI Interests, until the Certificate Balances thereof have been reduced to zero; provided, however, any Excess Special Losses shall be allocated to the outstanding Classes of REMIC I Interests based on Pro Rata Allocation; provided, further, that, for so long as the Class 2A2 and Class 1A12 Interests remain outstanding, any amount of Realized Losses (other than Excess Special Losses) otherwise allocable on such Distribution Date to the Class 2A1 Interests and the Class 1A11 Interests shall instead be allocated to the Class 2A2 and Class 1A12 Interests, respectively, in reduction of the Certificate Balances thereof, until the Certificate Balances thereof have been reduced to zero. Any such additional loss amounts allocated to the Class 2A2 and Class 1A12 Interests on any Distribution Date shall be in addition to any loss amounts otherwise allocable to such Classes on such Distribution Date. Unless otherwise expressly provided herein, whenever Realized Losses are required to be allocated pro rata between two or more Classes of Certificates or Interests or among the Certificates of a Class, the interest portion of any such Realized Loss shall be so allocated based on the aggregate amount of interest otherwise due and owing to each such Class or Certificate and the principal portion of any such Realized Loss shall be so allocated based on the Certificate Balance of each such Class or the outstanding principal amount of each such Certificate, as applicable. (ii) Excess Special Losses and other Realized Losses allocated to each Class of REMIC I Interests in accordance with Section 3.02(a)(i) shall, in turn, be allocated to the Corresponding Class of Certificates issued by REMIC II (other than the Interest Only Certificates) on the same Distribution Date, with the same effect on such Class of Certificates as on the Corresponding Class of REMIC I Interest, in each case until the Certificate Balance thereof has been reduced to zero; provided, and thereafter pro rata however, that Realized Losses allocated to the Class A Interests; (3) the remaining Realized Losses in Pool 2 BI Interest on a Distribution Date shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zeroB Certificates on such date in reverse sequential order of priority; provided, thereafter further, that any Excess Special Losses allocated to the Class BI-1 Interests BI Interest on any Distribution Date shall be allocated pro rata, based on Certificate Balances, on such date to reduce the Certificate Balances of the Subordinate Certificates until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) shall be allocated to the Class B Interests in REMIC II in reverse sequential order, in each case until the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class A Interests pro rata in proportion to the Certificate Balances of such Class A Interests immediately prior to the distribution date. (iii) Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i), 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order, in each case until the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class of Class A Interests pro rata based on their outstanding Certificate Balance in each case until the Certificate Balances of such Class of Certificates have been reduced to zero.

Realized Losses. (i) On each Distribution Date, Realized Losses shall be applied and Special Losses (other than Excess Special Losses) realized during the prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, and thereafter pro rata to the Class A Interests; (3) the remaining Realized Losses in Pool 2 shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, thereafter to the Class BI-1 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) calendar month shall be allocated to reduce the Class B Interests in REMIC II Principal Balances of the related Subordinate Certificates in reverse sequential numerical order, in each case until the Certificate Class Principal Balance of each such Class has been reduced to zero; thereafter. If the Class Principal Balances of the Short Reset Group Subordinate Certificates have been reduced to zero, any further Realized Losses will and Special Losses (other than Excess Special Losses) on the Short Reset Group Loans shall be allocated to the Senior Certificates related to the Loan Group or Loan Groups in which such Realized Losses or Special Losses (other than Excess Special Losses) occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero. If the Class Principal Balances of the Hybrid Group Subordinate Certificates have been reduced to zero, further Realized Losses and Special Losses (other than Excess Special Losses) on the Hybrid Group Loans shall be allocated to the Senior Certificates related to the Loan Group or Loan Groups in which such Realized Losses or Special Losses (other than Excess Special Losses) occurred, based on the outstanding Class Principal Balances of such Senior Certificates, in each case until each such Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable (A) to the Class 3A1 Certificates shall first be allocated to the Class A Interests pro rata in proportion 3A2 Certificates, to reduce the Certificate Balances Balance of such Class A Interests immediately prior until such Certificate Balance has been reduced to the distribution date. (iii) zero, and thereafter such Realized Losses allocated to REMIC Interests in accordance with Section 3.02(a)(i), 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order3A1 Certificates, in each case until to reduce the Certificate Balance of each such Class until such Certificate Balance has been reduced to zero; thereafter, any Realized Losses will (B) to the Class 6A1 Certificates shall first be allocated to the Class of Class A Interests pro rata based on their outstanding 6A2 Certificates, to reduce the Certificate Balance in each case until the Certificate Balances of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 6A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and (C) to the Class 8A1 Certificates have shall first be allocated to the Class 8A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 8A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero.

Realized Losses. (i) Realized Losses shall be applied prior to making any distributions have been made on each Distribution Date in the following order: (1) Pro rata within each Pool, so as to keep the Certificate Balances of each REMIC I Regular Interest beginning with the designation "MA" equal to 0.01% of the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool; , and to each REMIC I Regular Interest beginning with the designation "MB", so that the Certificate Balance of each such REMIC I Regular Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of the Mortgage Loans in the related Pool over (y) the Certificate Balance of the Senior Certificates in REMIC III of the related Pool (except that if any such excess is a larger number than in the preceding distribution period, the least amount of Realized Losses shall be applied to such REMIC I Regular Interests such that the Subordinate Balance Ratio is maintained); (2) the remaining Realized Losses in Pool 1 shall be allocated first to the Class BI-1 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-2 Interest and Class BI-3 Interests until the Certificate Balance Balances thereof has have been reduced to zero, and thereafter pro rata to the Class A Interests; (3) the remaining Realized Losses in Pool 2 shall be allocated first to the Class BI-2 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-1 and Class BI-3 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests; (4) the remaining Realized Losses in Pool 3 shall be allocated first to the Class BI-3 Interest until the Certificate Balance thereof has been reduced to zero, thereafter pro rata to the Class BI-1 and Class BI-2 Interests until the Certificate Balances thereof have been reduced to zero, and thereafter pro rata to the Class A Interests. (ii) Realized Losses allocated to REMIC Interests in accordance with Sections 3.02(a)(i) shall be allocated to the Class B Interests in REMIC II in reverse sequential order, in each case until the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class A Interests pro rata in proportion to the Certificate Balances of such Class A Interests immediately prior to the distribution date. (iii) Realized Losses allocated to REMIC Interests in accordance with Section Sections 3.02(a)(i), 3.02(a)(ii) or 3.02(a)(iii) shall be allocated to the Class B Certificates in REMIC III in reverse sequential order, in each case until the Certificate Balance of each such Class has been reduced to zero; thereafter, any Realized Losses will be allocated to the Class of Class A Interests pro rata based on their outstanding Certificate Balance in each case until the Certificate Balances of such Class of Certificates have been reduced to zero.