Common use of REMIC I Distributions Clause in Contracts

REMIC I Distributions. On each Distribution Date, the Trustee shall be deemed to distribute to itself, as holder of the REMIC I Regular Interests, the following amounts in the order set forth below: (a) to the extent of the Available Distribution Amount, for each REMIC I Regular Interest, an amount equal to the interest accrued on the aggregate principal balance or notional amount of such REMIC I Regular Interest at the applicable interest rate for such REMIC I Regular Interest (as set forth in the definition for such REMIC I Regular Interest) during the Prior Period, plus any unpaid portion of accrued interest for any prior period with interest thereon at the applicable interest rate for such REMIC I Regular Interest, reduced by the amount of any interest shortfalls (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest) allocable to such REMIC I Regular Interest); (b) to the extent of the Available Distribution Amount remaining after the distributions deemed made under clause (a), to the following Classes in respect of principal: (i) to the Class P1-M Interest, an amount equal to the Class I-PO Principal Distribution Amount; (ii) to the Class P2-M Interest, an amount equal to the Class II-PO Principal Distribution Amount; (iii) to the Class Y1 Interest, the Class Y1 Principal Distribution Amount; (iv) to the Class Y2 Interest, the Class Y2 Principal Distribution Amount; (v) to the Class Z1 Interest, the Class Z1 Principal Distribution Amount; and (vi) to the Class Z2 Interest, the Class Z2 Principal Distribution Amount. (c) after the principal balance of each REMIC I Regular Interest is reduced to zero, to the Class R-I Certificate, all other amounts remaining in REMIC I; provided, however, that notwithstanding the deemed distributions set forth in clauses (a), (b) and (c) above, distributions from the Certificate Account shall only be made to the holders of the Certificates.

REMIC I Distributions. (1) On each Distribution Date, the Trustee following amounts, in the following order of priority, shall be deemed distributed by REMIC I to distribute to itself, as holder REMIC II on account of the REMIC I Group I Regular InterestsInterests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the following amounts in the order set forth belowcase may be: (ai) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to Loan Group 1, to the extent holders of each of the Available Distribution Amount, for each REMIC I Group I Regular Interests and REMIC I Regular InterestInterest P, pro rata, in an amount equal to (A) the interest accrued on the aggregate principal balance or notional amount of such REMIC I Regular Uncertificated Interest at the applicable interest rate for such REMIC I Regular Interest (as set forth in the definition Interests for such REMIC I Regular Interest) during the Prior PeriodDistribution Date, plus (B) any unpaid portion of accrued interest for any prior period with interest thereon at the applicable interest rate for such REMIC I Regular Interest, reduced by the amount of any interest shortfalls (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest) allocable to such REMIC I Regular Interest); (b) to the extent of the Available Distribution Amount remaining after the distributions deemed made under clause (a), to the following Classes amounts payable in respect of principal: (i) to the Class P1-M Interest, an amount equal to the Class I-PO Principal thereof remaining unpaid from previous Distribution AmountDates; (ii) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to the Class P2-M Interest, an amount equal to the Class II-PO Principal Distribution Amount; (iii) to the Class Y1 Interest, the Class Y1 Principal Distribution Amount; (iv) to the Class Y2 Interest, the Class Y2 Principal Distribution Amount; (v) to the Class Z1 Interest, the Class Z1 Principal Distribution Amount; and (vi) to the Class Z2 Interest, the Class Z2 Principal Distribution Amount. (c) Loan Group 1 remaining after the principal balance distribution made pursuant to clause (i) above, first, to REMIC I Regular Interest I- Non-Swap, and second, to REMIC I Regular Interests I-1-A through I-53-B, starting with the lowest numerical denomination, until the Uncertificated Balance of each such REMIC I Group I Regular Interest is reduced to zero, provided that, for REMIC I Group I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Group I Regular Interests, until the Uncertificated Balance of each such REMIC I Group I Regular Interest is reduced to zero; (iii) from REMIC Available Funds relating to Loan Group I remaining after the distributions made pursuant to clauses (i) and (ii) above, to the holders of REMIC I Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Group I Mortgage Loans received during the related Prepayment Period, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, any such remaining funds, until an amount equal to the initial Uncertificated Balance of such REMIC I Regular Interest has been distributed pursuant to this clause; and (iv) any remaining REMIC Available Funds to the Holders of the Class R Certificates (in respect of the Class R-I CertificateInterest). (2) On each Distribution Date, all other amounts remaining the following amounts, in the following order of priority, shall be distributed by REMIC I; provided, however, that notwithstanding I to REMIC II on account of the deemed distributions set forth in clauses (a), (b) REMIC I Group II Regular Interests and (c) above, distributions from the Certificate Account shall only be made distributed to the holders of the CertificatesClass R Certificates (in respect of the Class R-I Interest), as the case may be: (i) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to Loan Group 2, to the holders of each of the REMIC I Group II Regular Interests and REMIC I Regular Interest P, pro rata, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to Loan Group II remaining after the distribution made pursuant to clause (i), first, to REMIC I Regular Interest II-Non- Swap, and second, to REMIC I Regular Interests II-1-A through II-53-B, starting with the lowest numerical denomination, until the Uncertificated Balance of each such REMIC I Group II Regular Interest is reduced to zero, provided that, for REMIC I Group II Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Group II Regular Interests, until the Uncertificated Balance of such REMIC I Group II Regular Interest is reduced to zero; (iii) from REMIC Available Funds relating to Loan Group II remaining after the distributions made pursuant to clauses (i) and (ii) above, to the holders of REMIC I Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Group II Mortgage Loans received during the related Prepayment Period, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, any such remaining funds, until an amount equal to the initial Uncertificated Balance of such REMIC I Regular Interest has been distributed pursuant to this clause; and (iv) any remaining REMIC Available Funds to the Holders of the Class R Certificates (in respect of the Class R-I Interest).

REMIC I Distributions. On each Distribution Date, the Trustee following amounts, in the following order of priority, shall be deemed distributed by REMIC I to distribute to itself, as holder REMIC II on account of the REMIC I Group I Regular Interests, the following amounts in the order set forth below: (a) Interests and distributed to the extent holders of the Available Distribution Amount, for each REMIC I Regular Interest, an amount equal to the interest accrued on the aggregate principal balance or notional amount of such REMIC I Regular Interest at the applicable interest rate for such REMIC I Regular Interest Class R Certificates (as set forth in the definition for such REMIC I Regular Interest) during the Prior Period, plus any unpaid portion of accrued interest for any prior period with interest thereon at the applicable interest rate for such REMIC I Regular Interest, reduced by the amount of any interest shortfalls (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest) allocable to such REMIC I Regular Interest); (b) to the extent of the Available Distribution Amount remaining after the distributions deemed made under clause (a), to the following Classes in respect of principalthe Class R-I Interest), as the case may be: (i) to the Class P1-M Interestextent of REMIC Available Funds relating to Loan Group 1, to the holders of each of the REMIC I Group I Regular Interests, pro rata, in an amount equal to (A) the Class I-PO Principal Uncertificated Interest for such REMIC I Group I Regular Interests for such Distribution AmountDate, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) to the Class P2-M Interest, an amount equal extent of REMIC Available Funds relating to the Class II-PO Principal Distribution Amount; (iii) to the Class Y1 Interest, the Class Y1 Principal Distribution Amount; (iv) to the Class Y2 Interest, the Class Y2 Principal Distribution Amount; (v) to the Class Z1 Interest, the Class Z1 Principal Distribution Amount; and (vi) to the Class Z2 Interest, the Class Z2 Principal Distribution Amount. (c) Loan Group 1 remaining after the distributions made pursuant to clause (i), payments of principal balance shall be allocated as follows: (A) any such amounts not constituting an Overcollateralization Reduction Amount, if any, to REMIC I Regular interests I-1-A through I-52-B starting with the lowest numerical denomination until the Uncertificated Balance of each such REMIC I Group I Regular Interest is reduced to zero, provided that, for REMIC I Group I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Regular Interests, and (B) any such amounts constituting an Overcollateralization Reduction Amount, to REMIC I Regular Interest I-OC Cash, until the Uncertificated Balance thereof is reduced to zero, and thereafter to REMIC I Regular Interest I-OC, until the Uncertificated Balance of such REMIC I Regular Interest is reduced to zero, to the Class R-I Certificate, all other amounts remaining in REMIC I; provided, however, that notwithstanding the deemed distributions set forth in clauses and (a), (biii) and (c) above, distributions from the Certificate Account shall only be made to the holders of REMIC I Regular Interest I-P, (A) all amounts representing Prepayment Charges in respect of the CertificatesGroup I Mortgage Loans received during the related Prepayment Period and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, until an amount equal to the initial Uncertificated Balance of such REMIC I Regular Interest has been distributed pursuant to this clause.

REMIC I Distributions. On In accordance with Section 3.01(d) of the Standard Terms and subject to the exceptions set forth below, on each Distribution Date, the Trustee Securities Administrator shall withdraw the aggregate Available Distribution Amount (less any amounts withdrawn pursuant to Section 3.01(b)(i) and (ii) of the Standard Terms) for the Group 1 Mortgage Loans, the Group 2 Mortgage Loans and the Group 3 Mortgage Loans from the Distribution Account for REMIC I, and shall distribute it in the following manner and order of priority to the Certificate Account (except that amounts payable to the Class R1 Interests shall be deemed distributed to distribute to itself, as holder the Holders of the REMIC I Regular Class R1 Interests, ): (i) The Available Distribution Amount for the Group 1 Mortgage Loans shall be distributed in the following amounts in the order set forth beloworder: (a1) first, to the Class AI-1 Interests, Accrued Certificate Interest thereon; and (2) second, to pay principal of the Class AI-1 Interests, to the extent of the Senior Principal Distribution Amount for the Group 1 Mortgage Loans, until the Certificate Balance thereof has been reduced to zero. (ii) The Available Distribution AmountAmount for the Group 2 Mortgage Loans shall be distributed as follows: (1) first, for each REMIC I Regular Interest, an amount equal to the interest accrued on the aggregate principal balance or notional amount of such REMIC I Regular Interest at the applicable interest rate for such REMIC I Regular Interest (as set forth in the definition for such REMIC I Regular Interest) during the Prior Period, plus any unpaid portion of accrued interest for any prior period with interest thereon at the applicable interest rate for such REMIC I Regular Interest, reduced by the amount of any interest shortfalls (including Prepayment Interest Shortfallspro rata, to the extent not covered by Compensating Interest) allocable to such REMIC I Regular Interest)Class AI-2 Interests and the Class R1 Interests, Accrued Certificate Interest thereon; (b2) second, to pay principal to the Class R1 Interests to the extent of the Senior Principal Distribution Amount for the Group 2 Mortgage Loans, until the Certificate Balance thereof has been reduced to zero; and (3) third, to pay principal to the Class AI-2 Interests to the extent of the remaining Senior Principal Distribution Amount for the Group 2 Mortgage Loans, until the Certificate Balance thereof is reduced to zero. (iii) The Available Distribution Amount for the Group 3 Mortgage Loans shall be distributed as follows: (1) first, to the Class AI-3 Interests, Accrued Certificate Interest thereon; and (2) second, to pay principal to the Class AI-3 Interests to the extent of the Senior Principal Distribution Amount for the Group 3 Mortgage Loans, until the Certificate Balance thereof is reduced to zero. (iv) Subject to the exceptions described below, the portion of the Available Distribution Amount remaining after the distributions deemed made under clause for each Group shall be distributed as follows: (a)1) first, to the following Classes in respect of principal:Class BI Interests, Accrued Certificate Interest thereon; (i2) second, to pay principal to the Class P1-M InterestBI Interests to the extent of the aggregate Subordinate Principal Distribution Amount for all Groups, until the Certificate Balance thereof is reduced to zero; (3) third, to each Class of REMIC I Interests in sequential order of seniority, up to the amount of Realized Losses allocated to such Class; and (4) fourth, after all Classes of REMIC I Interests are paid in full and all losses previously allocated to any outstanding Class of Interests have been paid in full, pro rata to the holders of the Class R1 Interests). If, on any Distribution Date, the Subordinate Component Balance with respect to any Group is less than zero (each such Group, an "Affected Group"), then an amount equal to the Class I-PO Principal lesser of (i) the amount necessary to make the Subordinate Component Balance equal to zero on such Distribution Amount; Date, and (ii) the aggregate amount otherwise allocable to the Subordinate Interests on such Distribution Date shall be used to make payments to the Class P2-M InterestAI Interests related to the Affected Group (such amount, an amount equal a "Crossover Amount"). In the event there is more than one Affected Group on any Distribution date, payments to the Class II-PO Principal Distribution Amount; (iii) AI Interests related to the Class Y1 Interest, the Class Y1 Principal Distribution Amount; (iv) Affected Groups pursuant to the Class Y2 Interest, the Class Y2 Principal Distribution Amount; (v) to the Class Z1 Interest, the Class Z1 Principal Distribution Amount; and (vi) to the Class Z2 Interest, the Class Z2 Principal Distribution Amount. (c) after the principal balance of each REMIC I Regular Interest is reduced to zero, to the Class R-I Certificate, all other amounts remaining in REMIC I; provided, however, that notwithstanding the deemed distributions set forth in clauses (a), (b) and (c) above, distributions from the Certificate Account this paragraph shall only be made to such Class AI Interests pro rata based on the holders of the Certificatesrespective Crossover Amounts.

REMIC I Distributions. (1) On each Distribution Date, the Trustee following amounts, in the following order of priority, shall be deemed distributed by REMIC I to distribute to itself, as holder REMIC II on account of the REMIC I Group I Regular InterestsInterests and distributed to the holders of the Class R Certificates (in respect of the Class R-I Interest), as the following amounts in the order set forth belowcase may be: (ai) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to Loan Group 1, to the extent holders of each of the Available Distribution Amount, for each REMIC I Group I Regular Interests and REMIC I Regular InterestInterest P, pro rata, in an amount equal to (A) the interest accrued on the aggregate principal balance or notional amount of such REMIC I Regular Uncertificated Interest at the applicable interest rate for such REMIC I Regular Interest (as set forth in the definition Interests for such REMIC I Regular Interest) during the Prior PeriodDistribution Date, plus (B) any unpaid portion of accrued interest for any prior period with interest thereon at the applicable interest rate for such REMIC I Regular Interest, reduced by the amount of any interest shortfalls (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest) allocable to such REMIC I Regular Interest); (b) to the extent of the Available Distribution Amount remaining after the distributions deemed made under clause (a), to the following Classes amounts payable in respect of principal: (i) to the Class P1-M Interest, an amount equal to the Class I-PO Principal thereof remaining unpaid from previous Distribution AmountDates; (ii) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to the Class P2-M Interest, an amount equal to the Class II-PO Principal Distribution Amount; (iii) to the Class Y1 Interest, the Class Y1 Principal Distribution Amount; (iv) to the Class Y2 Interest, the Class Y2 Principal Distribution Amount; (v) to the Class Z1 Interest, the Class Z1 Principal Distribution Amount; and (vi) to the Class Z2 Interest, the Class Z2 Principal Distribution Amount. (c) Loan Group 1 remaining after the principal balance distribution made pursuant to clause (i) above, first, to REMIC I Regular Interest I-Non-Swap, and second, to REMIC I Regular Interests I-1-A through I-53-B, starting with the lowest numerical denomination, until the Uncertificated Balance of each such REMIC I Group I Regular Interest is reduced to zero, provided that, for REMIC I Group I Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Group I Regular Interests, until the Uncertificated Balance of each such REMIC I Group I Regular Interest is reduced to zero; (iii) from REMIC Available Funds relating to Loan Group I remaining after the distributions made pursuant to clauses (i) and (ii) above, to the holders of REMIC I Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Group I Mortgage Loans received during the related Prepayment Period, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, any such remaining funds, until an amount equal to the initial Uncertificated Balance of such REMIC I Regular Interest has been distributed pursuant to this clause; and (iv) any remaining REMIC Available Funds to the Holders of the Class R Certificates (in respect of the Class R-I CertificateInterest). (2) On each Distribution Date, all other amounts remaining the following amounts, in the following order of priority, shall be distributed by REMIC I; provided, however, that notwithstanding I to REMIC II on account of the deemed distributions set forth in clauses (a), (b) REMIC I Group II Regular Interests and (c) above, distributions from the Certificate Account shall only be made distributed to the holders of the CertificatesClass R Certificates (in respect of the Class R-I Interest), as the case may be: (i) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to Loan Group 2, to the holders of each of the REMIC I Group II Regular Interests and REMIC I Regular Interest P, pro rata, in an amount equal to (A) the Uncertificated Interest for such REMIC I Regular Interests for such Distribution Date, plus (B) any amounts payable in respect thereof remaining unpaid from previous Distribution Dates; (ii) from REMIC Available Funds (exclusive of any Prepayment Charges) relating to Loan Group II remaining after the distribution made pursuant to clause (i), first, to REMIC I Regular Interest II-Non-Swap, and second, to REMIC I Regular Interests II-1-A through II-53-B, starting with the lowest numerical denomination, until the Uncertificated Balance of each such REMIC I Group II Regular Interest is reduced to zero, provided that, for REMIC I Group II Regular Interests with the same numerical denomination, such payments of principal shall be allocated pro rata between such REMIC I Group II Regular Interests, until the Uncertificated Balance of such REMIC I Group II Regular Interest is reduced to zero; (iii) from REMIC Available Funds relating to Loan Group II remaining after the distributions made pursuant to clauses (i) and (ii) above, to the holders of REMIC I Regular Interest P, (A) all amounts representing Prepayment Charges in respect of the Group II Mortgage Loans received during the related Prepayment Period, and (B) on the Distribution Date immediately following the expiration of the latest Prepayment Charge as identified on the Prepayment Charge Schedule or any Distribution Date thereafter, any such remaining funds, until an amount equal to the initial Uncertificated Balance of such REMIC I Regular Interest has been distributed pursuant to this clause; and (iv) any remaining REMIC Available Funds to the Holders of the Class R Certificates (in respect of the Class R-I Interest).

REMIC I Distributions. On each Distribution Date, the Trustee shall be deemed to distribute to itself, as holder of the REMIC I Regular Interests, the following amounts in the order set forth below: (a) to the extent of the Available Distribution Amount, for each REMIC I Regular Interest, in the same priority as the Corresponding Class or Classes of Certificates relating thereto as provided in Section 4.02(a), an amount equal to the interest accrued on the aggregate principal balance or notional amount of such REMIC I Regular Interest at the applicable interest rate for such REMIC I Regular Interest (as set forth in the definition for such REMIC I Regular Interest) during the Prior PeriodPeriod (except for REMIC I Regular Interest U, REMIC I Regular Interest Y and REMIC I Regular Interest Z, which will accrue interest during the period from the Distribution Date in the month prior to each Distribution Date to the day prior to such Distribution Date), plus any unpaid portion of accrued interest for any prior period with interest thereon at the applicable interest rate for such REMIC I Regular Interest, reduced by the amount of any interest shortfalls (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest) allocable to such REMIC I Regular InterestInterest (in the same proportion as the Corresponding Class or Classes of Certificates as provided in Section 4.02(a)); (b) to the extent of the Available Distribution Amount remaining after the distributions deemed made under clause (a), to the following Classes in respect of principal: (i) to the Class P1-M Interest, an amount of principal equal to the Principal Payment Amount on such Distribution Date in the same priority as the Corresponding Class I-PO Principal Distribution Amountor Classes of Certificates as provided in Section 4.02(a); (ii) to the Class P2-M Interest, an amount equal to the Class II-PO Principal Distribution Amount; (iii) to the Class Y1 Interest, the Class Y1 Principal Distribution Amount; (iv) to the Class Y2 Interest, the Class Y2 Principal Distribution Amount; (v) to the Class Z1 Interest, the Class Z1 Principal Distribution Amount; and (vi) to the Class Z2 Interest, the Class Z2 Principal Distribution Amount. (c) after the principal balance of each REMIC I Regular Interest is reduced to zero, to the Class R-I Certificate, all other amounts remaining in REMIC I; provided, however, that notwithstanding the deemed distributions set forth in clauses (a), (b) and (c) above, distributions from the Certificate Account shall only be made to the holders of the Certificates; and provided, further, that each Realized Loss and interest shortfall (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest), shall be deemed allocated, and adjustments or distributions as a consequence thereof shall be deemed made to the REMIC I Regular Interests corresponding to the Class or Classes of Certificates to which such interest shortfall or Realized Loss is allocated in a manner that accords with such correspondence.

REMIC I Distributions. On each Distribution Date, the Trustee shall be deemed to distribute to itself, as holder of the REMIC Tier I Regular Interests, the following amounts in the order set forth below: (a) to the extent of the Available Distribution AmountAmount (excluding amounts included therein attributable to withdrawals from any of the Class A-5 Rounding Account, the LIBOR Certificate Reserve Fund or the Reserve Fund or collections from the Policy), for each REMIC Tier I Regular Interest, in the same priority as the Corresponding Class or Classes of Certificates relating thereto as provided in Section 4.02(a), an amount equal to the interest accrued on the aggregate principal balance or notional amount of such REMIC Tier I Regular Interest at the applicable interest rate for such REMIC Tier I Regular Interest (as set forth in the definition for such REMIC Tier I Regular Interest) during the Prior PeriodPeriod (except for the Tier I Regular Interest P, which will accrue interest during the period from the Distribution Date in the month prior to each Distribution Date to the day prior to such Distribution Date), plus any unpaid portion of accrued interest for any prior period with interest thereon at the applicable interest rate for such REMIC Tier I Regular Interest, reduced by the amount of any interest shortfalls (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest) allocable to such REMIC Tier I Regular InterestInterest (in the same proportion as the Corresponding Class or Class of Certificates as provided in Section 4.02(a)); (b) to the extent of the Available Distribution Amount remaining after the distributions deemed made under clause (a), excluding amounts included therein attributable to the following Classes in respect withdrawals from any of principal: (i) to the Class P1-M InterestA-5 Rounding Account, the LIBOR Certificate Reserve Fund or the Reserve Fund or collections from the Policy), an amount of principal equal to the Principal Payment Amount on such Distribution Date in the same priority as the Corresponding Class I-PO Principal Distribution Amountor Classes of Certificates as provided in Section 4.02(a); (ii) to the Class P2-M Interest, an amount equal to the Class II-PO Principal Distribution Amount; (iii) to the Class Y1 Interest, the Class Y1 Principal Distribution Amount; (iv) to the Class Y2 Interest, the Class Y2 Principal Distribution Amount; (v) to the Class Z1 Interest, the Class Z1 Principal Distribution Amount; and (vi) to the Class Z2 Interest, the Class Z2 Principal Distribution Amount. (c) after the principal balance of each REMIC Tier I Regular Interest is reduced to zero, to the Class R-I Certificate, all other amounts remaining in REMIC I; provided, however, that notwithstanding the deemed distributions set forth in clauses (a), (b) and (c) above, distributions from the Certificate Account shall only be made to the holders of the Certificates; and provided, further, that each Realized Loss and interest shortfall (including Prepayment Interest Shortfalls, to the extent not covered by Compensating Interest), shall be deemed allocated, and adjustments or distributions as a consequence thereof shall be deemed made.