Realized Losses. Realized Losses shall be allocated first against the Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero. If, after giving effect to the distribution of the Principal Distribution Amount on any Distribution Date the aggregate Class Certificate Balance of the Offered Certificates exceeds the Pool Principal Balance as of the end of the related Due Period, such excess will be allocated against the Class B-3, Class B-2, Class B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2, Class M-1 and, only with respect to any remaining Realized Losses relating to the Group II-A Loans, Class AV-1B Certificates, in that order and until the respective Class Certificate Balances thereof are reduced to zero.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Popular Abs Mortgage Pass-Through Trust 2005-2), Pooling and Servicing Agreement (Popular Abs Mortgage Pass-Through Trust 2005-3)
Realized Losses. Realized Losses shall be allocated first against the Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero. If, after giving effect to the distribution of the Principal Distribution Amount on any Distribution Date the aggregate Class Certificate Balance of the Offered Certificates exceeds the Pool Aggregate Trust Fund Principal Balance as of the end of the related Due Period, such excess will be allocated against the Class B-4, Class B-3, Class B-2, Class B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2, Class M-1 and, only with respect to any remaining Realized Losses relating to the Group II-A Loans, Class AV-1B Certificates, in that order and until the respective Class Certificate Balances thereof are reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Popular ABS Mortgage Pass-Through Trust 2005-1)
Realized Losses. Realized Losses shall be allocated first against the Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero. If, after giving effect to the distribution of the Principal Distribution Amount on any Distribution Date the aggregate Class Certificate Balance of the Offered Certificates exceeds the Pool Principal Balance as of the end of the related Due Period, such excess will be allocated against the Class B-3, Class B-2, Class B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2, Class M-1 and, only with respect to any remaining Realized Losses relating to the Group II-A Loans, Class AV-1B Certificates, in that order and until the respective Class Certificate Balances thereof are reduced to zero.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Popular ABS Inc Mortgage Pass-Through Certificates Series 2004-5)
