REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest. (b) All distributions made in respect of a Class of Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest. (c) All distributions made in respect of the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest. (d) [Reserved] (e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest. (f) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a Class of Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XX XXXXX III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 8 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C14), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2014-C16)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable EC Trust Certificates) and the EX XXXXX EC Trust REMIC III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX EC Trust REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a any Class of the Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable EC Trust Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX EC Trust REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX EC Trust REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d6.4(c), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX EC Trust Certificates or any EC Trust REMIC III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(fe) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 6 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C7), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C8), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C8)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to the Holders of any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a any Class of the Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d6.4(b), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(fd) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2012-C4), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2012-C4), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2012-C4)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates and any Swap Certificates) and ), the EX XXXXX III Regular Interests and the Swap REMIC III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s, EX XXXXX III Regular Interest’s or EX XXXXX Swap REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a the Class of Class X X-A Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]All distributions made in respect of a Swap REMIC III Regular Interest on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Swap REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or Certificates, EX XXXXX III Regular Interest or Swap REMIC III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a any Class of Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and this Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(fe) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C10), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C12), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C11)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.Interest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates; and provided, further, that distributions of principal:
(bi) with respect to the Class A-2 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2-1; second, to REMIC II Regular Interest A-2-2; and third to REMIC II Regular Interest A-2-3; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class A-3 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-3-1; second, to REMIC II Regular Interest A-3-2; third, to REMIC II Regular Interest A-3-3; fourth, to REMIC II Regular Interest A-3-4; fifth, to REMIC II Regular Interest A-3-5; and sixth, to REMIC II Regular Interest A-3-6; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-4 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4-1; second, to REMIC II Regular Interest A-4-2; third, to REMIC II Regular Interest A-4-3; and fourth, to REMIC II Regular Interest A-4-4; in each case, until their respective Certificate Balances are reduced to zero;
(iv) with respect to the Class A-5 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-5-1; second, to REMIC II Regular Interest A-5-2; third, to REMIC II Regular Interest A-5-3; and fourth, to REMIC II Regular Interest A-5-4; in each case, until their respective Certificate Balances are reduced to zero;
(v) with respect to the Class C Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; second, to REMIC II Regular Interest C-2; third, to the REMIC II Regular Interest C-3; fourth, to the REMIC II Regular Interest C-4; fifth, to the REMIC II Regular Interest C-5; and sixth, to the REMIC II Regular Interest C-6; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class D Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; and second, to REMIC II Regular Interest D-2; in each case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class E Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest E-1; second, to REMIC II Regular Interest E-2; and third, to REMIC II Regular Interest E-3; in each case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class G Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G-1; and second, to REMIC II Regular Interest G-2; in each case, until their respective Certificate Balances are reduced to zero;
(ix) with respect to the Class H Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest H-1; and second, to REMIC II Regular Interest H-2; in each case, until their respective Certificate Balances are reduced to zero; and
(x) with respect to the Class J Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest J-1; and second, to REMIC II Regular Interest J-2; in each case, until their respective Certificate Balances are reduced to zero. All distributions made in respect of a the Class of X-1 and Class X X-2 Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Component of such Class X REMIC III Regular Interestof Certificates in accordance with the last paragraph of Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(c) . All distributions of reimbursements of Realized Losses made in respect of the Exchangeable any Class of Principal Balance Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes Interest set forth in the Preliminary Statement hereto; provided, however, that distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) reimbursements of Realized Losses shall be made in reverse sequential order and Section 6.4(d), if the subject distribution on or in respect priority as such as Realized Losses were previously allocated to a particular Component of any such Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) . Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 IQ8), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 IQ8), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 IQ8)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, (i) the Certificate Administrator Trustee shall be deemed to distribute to itself on behalf of the Trusteeitself, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
Interest set forth in the Preliminary Statement hereto; and (bii) All all distributions made in respect of a Class of the Class X Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Component of such Class X REMIC III Regular Interestof Certificates in accordance with the last paragraph of Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(c) . All distributions made in respect of the Exchangeable Class X-Y Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, and allocable 10.1 shall be deemed distributed to REMIC II Regular Interest X-Y. All distributions of reimbursements of Realized Losses made in respect of any particular EX XXXXX III Regular Interest, Class of Principal Balance Certificates on each Distribution Date pursuant to Section 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if Interest set forth in the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) Preliminary Statement hereto. Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq13), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq13), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq13)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute (with a credit for an amount equal to any Net Swap Payment that was deemed distributed by the Paying Agent to the Master Servicer's Floating Rate Account on the immediately preceding Master Servicer Remittance Date pursuant to Section 8.32(b)) to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than or, in the Exchangeable case of the Class A-4FL Certificates, distributable to the Class A- 4FL Regular Interest) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular InterestInterest set forth in the Preliminary Statement hereto.
(b) All distributions made in respect of a Class of the Class X Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Class X REMIC III Regular Interest, Interest in accordance with the definition of "Class X Strip Rate," shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Class's Corresponding REMIC II Regular Interest.
(c) . All distributions of reimbursements of Realized Losses made in respect of any Class of Principal Balance Certificates (or, in the Exchangeable Certificates case of the Class A-4FL Certificates, in respect of the Class A-4FL Regular Interest) on any each Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if Interest set forth in the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) Preliminary Statement hereto. Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2005-Top18), Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2005-Top18)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute (with a credit for an amount equal to any Class A-MFL Net Swap Payment that was deemed distributed by the Paying Agent to the Master Servicer's Class A-MFL Floating Rate Account on the immediately preceding Master Servicer Remittance Date pursuant to Section 8.31(b)) to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.Interest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates; and provided, further, that distributions of principal:
(bi) with respect to the Class A-1 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1-1, and second to REMIC II Regular Interest A-1-2; in each case until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class A-1A Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1A-1; second, to REMIC II Regular Interest A-1A-2; third to REMIC II Regular Interest A-1A-3; forth, to REMIC II Regular Interest A-1A-4; fifth, to REMIC II Regular Interest A-1A-5; sixth, to REMIC II Regular Interest A-1A-6, and seventh, to REMIC II Regular Interest A-1A-7; and eighth to REMIC II Regular Interest A-1A-8; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-2 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2-1; and, second, to REMIC II Regular Interest A-2-2; in each case, until their respective Certificate Balances are reduced to zero;
(iv) with respect to the Class A-3 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-3-1; and, second, to REMIC II Regular Interest A-3-2; in each case, until their respective Certificate Balances are reduced to zero;
(v) with respect to the Class A-AB Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect to of REMIC II Regular Interest A-AB-1; and second, to REMIC II Regular Interest A-AB-2; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class A-4 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4-1; second, to REMIC II Regular Interest A-4-2; third, to REMIC II Regular Interest A-4-3; and fourth, to REMIC II Regular Interest A-4-4, in each case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class C Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; and second, to REMIC II Regular Interest C-2; in each case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class D Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; and second, to REMIC II Regular Interest D-2; in each case, until their respective Certificate Balances are reduced to zero;
(ix) with respect to the Class F Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest F-1; and second, to REMIC II Regular Interest F-2; in each case, until their respective Certificate Balances are reduced to zero;
(x) with respect to the Class G Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G-1; and second, to REMIC II Regular Interest G-2; in each case, until their respective Certificate Balances are reduced to zero;
(xi) with respect to the Class J Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest J-1; and second, to REMIC II Regular Interest J-2; in each case, until their respective Certificate Balances are reduced to zero; and
(xii) with respect to the Class N Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest N-1; and second, to REMIC II Regular Interest N-2; in each case, until their respective Certificate Balances are reduced to zero. All distributions made in respect of a the Class of X-1 and Class X X-2 Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Component of such Class X REMIC III Regular Interestof Certificates in accordance with the last paragraph of Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(c) . All distributions of reimbursements of Realized Losses made in respect of the Exchangeable any Class of Principal Balance Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes Interest set forth in the Preliminary Statement hereto; provided, however, that distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) reimbursements of Realized Losses shall be made in reverse sequential order and Section 6.4(d), if the subject distribution on or in respect priority as such Realized Losses were previously allocated to a particular Component of any such Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) . Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Iq12), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Iq12)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(b) All distributions made Interest set forth in respect of the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates; and provided, further, that distributions of principal: 132
(i) with respect to the Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular InterestA-2 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.Interest A-2A; and second, to REMIC II Regular Interest A-2B; in each case, until their respective Certificate Balances are reduced to zero;
(cii) All distributions made in with respect of to the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular InterestClass A-3 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest A-3A; second, to REMIC II Regular Interest A-3B; and third, to REMIC II Regular Interest A-3C; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-4 Certificates, shall be deemed to also be, respectively, a distribution have first been distributed from REMIC II to REMIC III in respect of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) Any amounts remaining in the Distribution Account with respect Interest A-4A; and second, to REMIC II on any Distribution Date after the foregoing distributions shall be distributed Regular Interest A-4B; in each case, until their respective Certificate Balances are reduced to the Holders of the Class R Certificates zero;
(iv) with respect to the Class A-5 Certificates, shall be deemed to have first been distributed from REMIC II Residual Interest.to REMIC III in respect of REMIC II Regular Interest A-5A; second, to REMIC II Regular Interest A-5B; and third, to REMIC II Regular Interest A-5C; in each case, until their respective Certificate Balances are reduced to zero;
(v) with respect to the Class A-6 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-6A; second, to REMIC II Regular Interest A-6B; and third, to REMIC II Regular Interest A-6C; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class B Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest B-1; and second, to REMIC II Regular Interest B-2; in each case, until their respective Certificate Balances are reduced to zero; (vii) with respect to the Class C Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; and second, to REMIC II Regular Interest C-2; in each case, until their respective Certificate Balances are reduced to zero;
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2004-Top16), Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2004-Top16)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Class A-S, Class B, Class PST and Class C Certificates) and ), the EX XXXXX Class A-S REMIC III Regular InterestsInterest, Class B REMIC III Regular Interest and Class C REMIC III Regular Interest, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX Class PST REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a any Class of the Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable Class PST Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX Class PST REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX Class PST REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d6.4(c), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest Class PST Certificates was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(fe) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C5)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable EC Trust Certificates and any Swap Certificates) ), the EC Trust REMIC III Regular Interests and the EX XXXXX Swap REMIC III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s, EC Trust REMIC III Regular Interest’s or EX XXXXX Swap REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a any Class of the Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable EC Trust Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX EC Trust REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX EC Trust REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]All distributions made in respect of a Swap REMIC III Regular Interest on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Swap REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates EC Trust Certificates, EC Trust REMIC III Regular Interest or EX XXXXX Swap REMIC III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2013-C9)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable EC Trust Certificates) and the EX XXXXX EC Trust REMIC III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX EC Trust REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(b) All distributions made in respect of a any Class of the Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(c) All distributions made in respect of the Exchangeable EC Trust Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX EC Trust REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX EC Trust REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d6.4(c), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest EC Trust Certificates was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(fe) Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6), Pooling and Servicing Agreement (Morgan Stanley Bank of America Merrill Lynch Trust 2012-C6)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.Interest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates; and provided, further, that distributions of principal:
(bi) with respect to the Class A-1 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1-1; second, to REMIC II Regular Interest A-1-2; and third to REMIC II Regular Interest A-1-3; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class A-2 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2-1; second, to REMIC II Regular Interest A-2-2; third to REMIC II Regular Interest A-2-3; fourth, to REMIC II Regular Interest A-2-4; and fifth, to REMIC II Regular Interest A-2-5; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-3 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-3-1; second, to REMIC II Regular Interest A-3-2; third, to REMIC II Regular Interest A-3-3; fourth, to REMIC II Regular Interest A-3-4; fifth, to REMIC II Regular Interest A-3-5; and sixth, to REMIC II Regular Interest A-3-6; in each case, until their respective Certificate Balances are reduced to zero;
(iv) with respect to the Class A-4 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4-1; and second, to REMIC II Regular Interest A-4-2; in each case, until their respective Certificate Balances are reduced to zero;
(v) with respect to the Class A-AB Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect to of REMIC II Regular Interest A-AB-1; second, to REMIC II Regular Interest A-AB-2; third, to REMIC II Regular Interest A-AB-3; and fourth, to REMIC II Regular Interest A-AB-4; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class A-5 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-5-1; and second, to REMIC II Regular Interest A-5-2; in each case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class A-1A Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1A-1; second, to REMIC II Regular Interest A-1A-2; third, to REMIC II Regular Interest A-1A-3; fourth, to REMIC II Regular Interest A-1A-4; fifth, to REMIC II Regular Interest A-1A-5; sixth, to REMIC II Regular Interest A-1A-6; seventh, to REMIC II Regular Interest A-1A-7; eighth, to REMIC II Regular Interest A-1A-8; ninth, to REMIC II Regular Interest A-1A-9; tenth, to REMIC II Regular Interest A-1A-10; eleventh, to REMIC II Regular Interest A-1A-11; twelfth, to REMIC II Regular Interest A-1A-12; thirteenth, to REMIC II Regular Interest A-1A-13; and fourteenth, to REMIC II Regular Interest A-1A-14; in each case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class B Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest B-1; second, to REMIC II Regular Interest B-2; and third, to REMIC II Regular Interest B-3; in each case, until their respective Certificate Balances are reduced to zero;
(ix) with respect to the Class C Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; and second, to REMIC II Regular Interest C-2; in each case, until their respective Certificate Balances are reduced to zero;
(x) with respect to the Class D Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; second, to REMIC II Regular Interest D-2; and third, to REMIC II Regular Interest D-3; in each case, until their respective Certificate Balances are reduced to zero;
(xi) with respect to the Class E Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest E-1; and second, to REMIC II Regular Interest E-2; in each case, until their respective Certificate Balances are reduced to zero;
(xii) with respect to the Class F Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest F-1; and second, to REMIC II Regular Interest F-2; in each case, until their respective Certificate Balances are reduced to zero;
(xiii) with respect to the Class G Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G-1; and second, to REMIC II Regular Interest G-2; in each case, until their respective Certificate Balances are reduced to zero;
(xiv) with respect to the Class H Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest H-1; and second, to REMIC II Regular Interest H-2; in each case, until their respective Certificate Balances are reduced to zero;
(xv) with respect to the Class J Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest J-1; and second, to REMIC II Regular Interest J-2; in each case, until their respective Certificate Balances are reduced to zero; and
(xvi) with respect to the Class L Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest L-1; and second, to REMIC II Regular Interest L-2; in each case, until their respective Certificate Balances are reduced to zero. All distributions made in respect of a the Class of X-1 and Class X X-2 Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Component of such Class X REMIC III Regular Interestof Certificates in accordance with the last paragraph of Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(c) . All distributions made in respect of the Exchangeable Class X-Y Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, and allocable 10.1 shall be deemed distributed to REMIC II Regular Interest X-Y. All distributions of reimbursements of Realized Losses made in respect of any particular EX XXXXX III Regular Interest, Class of Principal Balance Certificates on each Distribution Date pursuant to Section 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes Interest set forth in the Preliminary Statement hereto; provided, however, that distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) reimbursements of Realized Losses shall be made in reverse sequential order and Section 6.4(d), if the subject distribution on or in respect priority as such as Realized Losses were previously allocated to a particular Component of any such Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) . Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 IQ9)
REMIC II. (a) It is the intention of the parties hereto that the distributions set forth below result in the Certificate Principal Balances of each Class of REMIC II Regular Interests and its corresponding Class of Certificates being equal. On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Trustee shall be deemed to distribute to itself on behalf of the Trustee, as holder of apply the REMIC II Regular Interests, amounts distributable to any Class Distribution Amount for such date for the following purposes and in the following order of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 or Section 11.1, with respect to such Class’s or EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.priority:
(bi) All to distributions made in respect of a Class of Class X Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular Class X REMIC III Regular Interest, shall be deemed to have first been distributed from REMIC II interest to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.Interest A-1 and REMIC II Regular Interest A-2, up to an amount equal to (and pro rata in accordance with) all Uncertificated Distributable Interest on such REMIC II Regular Interests for such Distribution Date;
(cii) All to distributions made of principal in respect of the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5first, Section 6.10 or Section 11.1REMIC II Regular Interest A-1, and allocable to any particular EX XXXXX III Regular Interestsecond, shall be deemed to have first been distributed from REMIC II Regular Interest A-2, in each case up to an amount equal to the lesser of (1) the then outstanding Uncertificated Principal Balance of such Class and (2) the remaining portion, if any, of such REMIC II Distribution Amount;
(iii) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2 (with interest), up to an amount equal to (and pro rata in accordance with) the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(iv) to distributions of interest to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed B, up to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest.Interest for such Distribution Date;
(fv) Any amounts remaining to distributions of principal in respect of REMIC II Regular Interest B, until the Distribution Account with respect Uncertificated Principal Balance thereof is reduced to zero;
(vi) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II on any Distribution Date after the foregoing distributions shall be distributed Regular Interest B (with interest), up to an amount equal to the Holders Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(vii) to distributions of interest to REMIC III in respect of REMIC II Regular Interest C, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(viii) to distributions of principal in respect of REMIC II Regular Interest C, until the Class R Certificates Uncertificated Principal Balance thereof is reduced to zero;
(ix) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest C (with respect interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Residual Interest.Regular Interest for such Distribution Date;
(x) to distributions of interest to REMIC III in respect of REMIC II Regular Interest D, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xi) to distributions of principal in respect of REMIC II Regular Interest D, until the Uncertificated Principal Balance thereof is reduced to zero;
(xii) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest D (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(xiii) to distributions of interest to REMIC III in respect of REMIC II Regular Interest E, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xiv) to distributions of principal in respect of REMIC II Regular Interest E, until the Uncertificated Principal Balance thereof is reduced to zero;
(xv) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest E (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(xvi) to distributions of interest to REMIC III in respect of REMIC II Regular Interest F, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xvii) to distributions of principal in respect of REMIC II Regular Interest F, until the Uncertificated Principal Balance thereof is reduced to zero;
(xviii) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest F (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(xix) to distributions of interest to REMIC III in respect of REMIC II Regular Interest G, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xx) to distributions of principal in respect of REMIC II Regular Interest G, until the Uncertificated Principal Balance thereof is reduced to zero;
(xxi) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest G (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(xxii) to distributions of interest to REMIC III in respect of REMIC II Regular Interest H, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xxiii) to distributions of principal in respect of REMIC II Regular Interest H, until the Uncertificated Principal Balance thereof is reduced to zero;
(xxiv) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest H (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(xxv) to distributions of interest to REMIC III in respect of REMIC II Regular Interest J, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xxvi) to distributions of principal in respect of REMIC II Regular Interest J, until the Uncertificated Principal Balance thereof is reduced to zero;
(xxvii) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest J (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
(xxviii) to distributions of interest to REMIC III in respect of REMIC II Regular Interest K, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xxix) to distributions of principal in respect of REMIC II Regular Interest K, until the Uncertificated Principal Balance thereof is reduced to zero;
(xxx) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest K (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date; and
(xxxi) to distributions of interest to REMIC III in respect of REMIC II Regular Interest L, up to an amount equal to all Uncertificated Distributable Interest on such REMIC II Regular Interest for such Distribution Date;
(xxxii) to distributions of principal in respect of REMIC II Regular Interest L, until the Uncertificated Principal Balance thereof is reduced to zero;
(xxxiii) to reimburse REMIC III for any Realized Losses and Expense Losses previously deemed allocated to REMIC II Regular Interest L (with interest), up to an amount equal to the Loss Reimbursement Amount in respect of such REMIC II Regular Interest for such Distribution Date;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc Com Mort Ps THR Cer Se 1998-Cf1)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute (with a credit for an amount equal to any Class A-4FL Net Swap Payment or Class A-MFL Net Swap Payment, as applicable, that was deemed distributed by the Paying Agent to the Master Servicer's Class A-4FL Floating Rate Account or the Master Servicer's Class A-MFL Floating Rate Account on the immediately preceding Master Servicer Remittance Date pursuant to Section 8.31(b) or Section 8.32(b), as applicable) to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates, or in the case of the Class A-4FL Certificates (other than or the Exchangeable Class A-MFL Certificates) and , distributable to the EX XXXXX III Class A-4FL Regular InterestsInterest or the Class A-MFL Regular Interest, respectively, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular InterestInterest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates; and provided, further, that distributions of principal:
(i) with respect to the Class A-1 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1-1; and second, to REMIC II Regular Interest A-1-2; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class A-1A Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1A-1; second, to REMIC II Regular Interest A-1A-2; third, to REMIC II Regular Interest A-1A-3; fourth, to REMIC II Regular Interest A-1A-4; fifth, to REMIC II Regular Interest A-1A-5; sixth, to REMIC II Regular Interest A-1A-6; and seventh, to REMIC II Regular Interest A-1A-7; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-2 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2-1; second, to REMIC II Regular Interest A-2-2; and third, to REMIC II Regular Interest A-2-3; in each case, until their respective Certificate Balances are reduced to zero;
(iv) with respect to the Class A-4 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest cxlvii
(v) with respect to the Class A-4FL Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4FL-1; second, to REMIC II Regular Interest A-4FL-2; third, to REMIC II Regular Interest A-4FL-3; and fourth, to REMIC II Regular Interest A-4FL-4; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class C Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; and second, to REMIC II Regular Interest C-2; in each case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class D Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; and second, to REMIC II Regular Interest D-2; in each case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class F Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest F-1; and second, to REMIC II Regular Interest F-2; in each case, until their respective Certificate Balances are reduced to zero;
(ix) with respect to the Class G Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G-1; and second, to REMIC II Regular Interest G-2; in each case, until their respective Certificate Balances are reduced to zero; and
(x) with respect to the Class L Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest L-1; and second, to REMIC II Regular Interest L-2; in each case, until their respective Certificate Balances are reduced to zero.
(b) All distributions made in respect of a the Class of X-1 and Class X X-2 Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Component of such Class X REMIC III Regular Interestof Certificates in accordance with the definitions of "Class X-1 Strip Rate" and "Class X-2 Strip Rate" and distributed in accordance with Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(c) . All distributions of reimbursements of Realized Losses made in respect of any Class of Principal Balance Certificates, the Exchangeable Certificates Class A-4FL Regular Interest (in the case of the Class A-4FL Certificates), or the Class A-MFL Regular Interest (in the case of the Class A-MFL Certificates), on any each Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes Interest set forth in the Preliminary Statement hereto; provided, however, that distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect reimbursements of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest cxlviii Realized Losses shall be deemed to also behave been distributed among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates in the reverse order of the priority set forth in Section 6.6(d) for allocation for Realized Losses, respectively, a distribution up to the amount of interest, principal, Prepayment Premiums or in reimbursement of Realized Losses previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) . Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2006-Hq10)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute (with a credit for an amount equal to itself any Net Swap Payment that was deemed distributed by the Paying Agent to the applicable Master Servicer's Floating Rate Account on behalf of the Trusteeimmediately preceding Master Servicer Remittance Date pursuant to Section 8.31(b)) to itself, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Floating Rate Certificates) and the EX XXXXX III Floating Rate Regular Interests, Interests pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect to such Class’s or EX XXXXX III Regular Interest’s 10.1 on each Corresponding REMIC II Regular Interest.; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates (other than the Floating Rate Certificates) and Floating Rate Regular Interests; and provided, further, that distributions of principal:
(bi) All with respect to the Class A-1 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1-1; and second, to REMIC II Regular Interest A-1-2; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class A-1A Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1A-1; second, to REMIC II Regular Interest A-1A-2; third, to REMIC II Regular Interest A-1A-3; fourth, to REMIC II Regular Interest A-1A-4; fifth, to REMIC II Regular Interest A-1A-5; sixth, to REMIC II Regular Interest A-1A-6; seventh, to REMIC II Regular Interest A-1A-7; eighth, to REMIC II Regular Interest A-1A-8; and ninth, to REMIC II Regular Interest A-1A-9; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-2 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2-1; and second, to REMIC II Regular Interest A-2-2; in each case, until their respective Certificate Balances are reduced to zero;
(iv) with respect to the Class A-3 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-3-1; and second, to REMIC II Regular Interest A-3-2; in each case, until their respective Certificate Balances are reduced to zero;
(v) with respect to the Class A-4 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4-1; second, to REMIC II Regular Interest A-4-2; third, to REMIC II Regular Interest A-4-3; fourth, to REMIC II Regular Interest A-4-4; fifth, to REMIC II Regular Interest A-4-5; and sixth, to REMIC II Regular Interest A-4-6; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class C Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; and second, to REMIC II Regular Interest C-2; in each case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class D Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; and second, to REMIC II Regular Interest D-2; in each case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class E Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest E-1; and second, to REMIC II Regular Interest E-2; in each case, until their respective Certificate Balances are reduced to zero;
(ix) with respect to the Class G Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G-1; and second, to REMIC II Regular Interest G-2; in each case, until their respective Certificate Balances are reduced to zero;
(x) with respect to the Class H Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest H-1; and second, to REMIC II Regular Interest H-2; in each case, until their respective Certificate Balances are reduced to zero; and
(xi) with respect to the Class K Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest K-1; and second, to REMIC II Regular Interest K-2; in each case, until their respective Certificate Balances are reduced to zero. On each Distribution Date, all distributions made in respect of a the Class of X-1 and Class X X-2 Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Component of each such Class X REMIC III Regular Interestof Certificates in accordance with the last paragraph of Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(c) . All distributions of reimbursements of Realized Losses made in respect of any Class of Principal Balance Certificates (other than the Exchangeable Certificates Floating Rate Certificates) and Floating Rate Regular Interests on any each Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes ; provided, however, that distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) reimbursements of Realized Losses or Expense Losses shall be made in reverse sequential order and Section 6.4(d), if the subject distribution on priority as such Realized Losses or in respect Expense Losses were previously allocated to a particular Component of any such Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) . Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2007-Iq16)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than the Exchangeable Certificates) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular InterestInterest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates; and provided, further, that distributions of principal:
(i) with respect to the Class A-1 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-1A; second, to REMIC II Regular Interest A-1B; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class A-2 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2A; second, to REMIC II Regular Interest A-2B; third, to REMIC II Regular Interest A-2C; and fourth, to REMIC II Regular Interest A-2D; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-AB Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-ABA; and second, to REMIC II Regular Interest A-ABB, in each case, until their respective Certificate Balances are reduced to zero;
(iv) with respect to the Class A-4 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4A; second, to REMIC II Regular Interest A-4B; and third, to REMIC II Regular Interest A-4C; in each case, until their respective Certificate Balances are reduced to zero;
(v) with respect to the Class B Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest B-1; second, to REMIC II Regular Interest B-2; and third, to REMIC II Regular Interest B-3; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class D Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; and second, to REMIC II Regular Interest D-2; in each case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class E Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest E-1; and second, to REMIC II Regular Interest E-2; in each case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class G Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G-1; and second, to REMIC II Regular Interest G-2; in each case, until their respective Certificate Balances are reduced to zero; and
(ix) with respect to the Class L Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest L-1; and second, to REMIC II Regular Interest L-2; in each case, until their respective Certificate Balances are reduced to zero.
(b) All distributions made in respect of a the Class of X-1 and Class X X-2 Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular Component of such Class X REMIC III Regular Interestof Certificates in accordance with the definitions of "Class X-1 Strip Rate" and "Class X-2 Strip Rate" and distributed in accordance with Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(c) . All distributions of reimbursements of Realized Losses made in respect of the Exchangeable any Class of Principal Balance Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular Interest, 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes Interest set forth in the Preliminary Statement hereto; provided, however, that distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect reimbursements of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest Realized Losses shall be deemed to also behave been distributed among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates in the reverse order of the priority set forth in Section 6.6(d) for allocation for Realized Losses, respectively, a distribution up to the amount of interest, principal, Prepayment Premiums or in reimbursement of Realized Losses previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) . Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC R-II Residual InterestCertificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2006-Top24)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than or, in the Exchangeable case of the Class A-3-1FL Certificates, distributable to the Class A-3-1FL Regular Interest) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates (or, in the case of the Class A-3-1FL Certificates, distributed to the Class A-3-1FL Regular Interest.); and provided, further, that distributions of principal:
(bi) All distributions made with respect to the Class A-1 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of a REMIC II Regular Interest A-1-1; second, to REMIC II Regular Interest A-1-2; and third to REMIC II Regular Interest A-1-3; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class of Class X Certificates on any Distribution Date pursuant A-1A Certificates, shall be deemed to Section 6.5, Section 6.10 or Section 11.1, and allocable have first been distributed from REMIC II to any particular Class X REMIC III in respect of REMIC II Regular Interest A-1A-1; second, to REMIC II Regular Interest A-1A-2; third, to REMIC II Regular Interest A-1A-3; fourth, to REMIC II Regular Interest A-1A-4; fifth, to REMIC II Regular Interest A-1A-5; sixth, to REMIC II Regular Interest A-1A-6; seventh, to REMIC II Regular Interest A-1A-7; eighth, to REMIC II Regular Interest A-1A-8 and ninth, to REMIC II Regular Interest A-1A-9; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class A-2 Certificates, shall be deemed to have been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2, until its Certificate Balance is reduced to zero;
(iv) with respect to the Class A-3-1FL Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular Interest.Interest A-3-1FL-1; second, to REMIC II Regular Interest A-3-1FL-2; third, to REMIC II Regular Interest A-3-1FL-3 and fourth, to REMIC II Regular Interest A-3-1FL-4; in each case, until their respective Certificate Balances are reduced to zero;
(cv) All distributions made in with respect of to the Exchangeable Certificates on any Distribution Date pursuant to Section 6.5, Section 6.10 or Section 11.1, and allocable to any particular EX XXXXX III Regular InterestClass A-3-1 Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Corresponding REMIC II Regular Interest.
(d) [Reserved]
(e) For purposes of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or in respect of any Class of REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a REMIC II Regular Interest shall be deemed A-3-1-1; second, to also be, respectively, a distribution of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to such REMIC II Regular Interest.
(f) Any amounts remaining in the Distribution Account with respect Interest A-3-1-2; third, to REMIC II on any Distribution Date after the foregoing distributions shall be distributed Regular Interest A-3-1-3 and fourth, to the Holders of the Class R Certificates with respect to the REMIC II Residual Interest.Regular Interest A-3-1-4; in each case, until their respective Certificate Balances are reduced to zero;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 IQ10)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than or, in the Exchangeable case of the Class [A-3-1FL] Certificates, distributable to the Class A-3-1FL Regular Interest) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates (or, in the case of the Class [A-3-1FL] Certificates, distributed to the Class A-3-1FL Regular Interest.); and provided, further, that distributions of principal:
(bi) All distributions made with respect to the Class [A-1] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of a REMIC II Regular Interest A-1-1; second, to REMIC II Regular Interest A-1-2; and third to REMIC II Regular Interest A-1-3; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class of Class X Certificates on any Distribution Date pursuant [A-1A] Certificates, shall be deemed to Section 6.5, Section 6.10 or Section 11.1, and allocable have first been distributed from REMIC II to any particular Class X REMIC III in respect of REMIC II Regular Interest A-1A-1; second, to REMIC II Regular Interest A-1A-2; third, to REMIC II Regular Interest A-1A-3; fourth, to REMIC II Regular Interest A-1A-4; fifth, to REMIC II Regular Interest A-1A-5; sixth, to REMIC II Regular Interest A-1A-6; seventh, to REMIC II Regular Interest A-1A-7; eighth, to REMIC II Regular Interest A-1A-8 and ninth, to REMIC II Regular Interest A-1A-9; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class [A-2] Certificates, shall be deemed to have been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2, until its Certificate Balance is reduced to zero;
(iv) with respect to the Class A-3-1FL Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular InterestInterest A-3-1FL-1; second, to REMIC II Regular Interest A-3-1FL-2; third, to REMIC II Regular Interest A-3-1FL-3 and fourth, to REMIC II Regular Interest A-3-1FL-4; in each case, until their respective Certificate Balances are reduced to zero;
(v) with respect to the Class [A-3-1] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-3-1-1; second, to REMIC II Regular Interest A-3-1-2; third, to REMIC II Regular Interest A-3-1-3 and fourth, to REMIC II Regular Interest A-3-1-4; in each case, until their respective Certificate Balances are reduced to zero;
(vi) with respect to the Class [A-3-2] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-3-2-1 and second, to REMIC II Regular Interest A-3-2-2; in either case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class [A-AB] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect to of REMIC II Regular Interest A-AB-1 and second, to REMIC II Regular Interest A-AB-2; in either case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class [A-4A] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4A-1; second, to REMIC II Regular Interest A-4A-2 and third, to REMIC II Regular Interest A-4A-3; in each case, until their respective Certificate Balances are reduced to zero;
(ix) with respect to the Class [A-4B] Certificates, shall be deemed to have been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4B, until its Certificate Balance is reduced to zero;
(x) with respect to the Class [B] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest B-1; second, to REMIC II Regular Interest B-2; and third, to REMIC II Regular Interest B-3; in each case, until their respective Certificate Balances are reduced to zero;
(xi) with respect to the Class [C] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; and second, to REMIC II Regular Interest C-2; in each case, until their respective Certificate Balances are reduced to zero;
(xii) with respect to the Class [D] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; second, to REMIC II Regular Interest D-2; and third, to REMIC II Regular Interest D-3; in each case, until their respective Certificate Balances are reduced to zero;
(xiii) with respect to the Class [F] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest F-1; and second, to REMIC II Regular Interest F-2; in each case, until their respective Certificate Balances are reduced to zero;
(xiv) with respect to the Class [G] Certificates, shall be deemed to have been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G. until its Certificate Balance is reduced to zero; and
(xv) with respect to the Class [H] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest H-1; and second, to REMIC II Regular Interest H-2; in each case, until their respective Certificate Balances are reduced to zero.
(cb) All distributions made in respect of the Exchangeable Class [X-1] and Class [X-2] Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular EX XXXXX III Regular InterestComponent of such Class of Certificates in accordance with the last paragraph of Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular InterestComponent’s Corresponding REMIC II Regular Interest.
(d) . All distributions made in respect of the Class [Reserved]
(e) For purposes X-Y] Certificates on each Distribution Date pursuant to Section 6.5 or Section 10.1 shall be deemed distributed to REMIC II Regular Interest X-Y. All distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or reimbursements of Realized Losses made in respect of any Class of Principal Balance Certificates (or, in the case of the Class [A-3-1FL] Certificates, in respect of the Class A-3-1FL Regular Interest) on each Distribution Date pursuant to Section 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution in respect of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a its Corresponding REMIC II Regular Interest set forth in the Preliminary Statement hereto; provided, however, that distributions of reimbursements of Realized Losses shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or made in reimbursement of reverse sequential order and priority as such as Realized Losses were previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to a particular Component of such REMIC II Regular Interest.
(f) Class of Certificates. Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC II Residual Interest[R-II] Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc.)
REMIC II. (a) On each Distribution Date, following any allocations of Trust Advisor Expenses on such Distribution Date pursuant to Section 6.11, the Certificate Administrator Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests, amounts distributable to any Class of Principal Balance Certificates (other than or, in the Exchangeable case of the Class [A-3-1FL] Certificates, distributable to the Class A-3-1FL Regular Interest) and the EX XXXXX III Regular Interests, pursuant to Section 6.5, Section 6.10 6.5 or Section 11.1, with respect 10.1 to such Class’s or EX XXXXX III Regular Interest’s its Corresponding REMIC II Regular Interest set forth in the Preliminary Statement hereto; provided that interest shall be deemed to have been distributed pro rata among two or more Corresponding REMIC II Regular Interests that correspond to a Class of Principal Balance Certificates (or, in the case of the Class [A-3-1FL] Certificates, distributed to the Class A-3-1FL Regular Interest.); and provided, further, that distributions of principal:
(bi) All distributions made with respect to the Class [A-1] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of a REMIC II Regular Interest A-1-1; second, to REMIC II Regular Interest A-1-2; and third to REMIC II Regular Interest A-1-3; in each case, until their respective Certificate Balances are reduced to zero;
(ii) with respect to the Class of Class X Certificates on any Distribution Date pursuant [A-1A] Certificates, shall be deemed to Section 6.5, Section 6.10 or Section 11.1, and allocable have first been distributed from REMIC II to any particular Class X REMIC III in respect of REMIC II Regular Interest A-1A-1; second, to REMIC II Regular Interest A-1A-2; third, to REMIC II Regular Interest A-1A-3; fourth, to REMIC II Regular Interest A-1A-4; fifth, to REMIC II Regular Interest A-1A-5; sixth, to REMIC II Regular Interest A-1A-6; seventh, to REMIC II Regular Interest A-1A-7; eighth, to REMIC II Regular Interest A-1A-8 and ninth, to REMIC II Regular Interest A-1A-9; in each case, until their respective Certificate Balances are reduced to zero;
(iii) with respect to the Class [A-2] Certificates, shall be deemed to have been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-2, until its Certificate Balance is reduced to zero;
(iv) with respect to the Class A-3-1FL Regular Interest, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such Class X REMIC III Regular Interest’s Corresponding REMIC II Regular InterestInterest A-3-1FL-1; second, to REMIC II Regular Interest A-3-1FL-2; third, to REMIC II Regular Interest A-3-1FL-3 and fourth, to REMIC II Regular Interest A-3-1FL-4; in each case, until their respective Certificate Balances are reduced to zero;
(vii) with respect to the Class [A-AB] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect to of REMIC II Regular Interest A-AB-1 and second, to REMIC II Regular Interest A-AB-2; in either case, until their respective Certificate Balances are reduced to zero;
(viii) with respect to the Class [A-4A] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4A-1; second, to REMIC II Regular Interest A-4A-2 and third, to REMIC II Regular Interest A-4A-3; in each case, until their respective Certificate Balances are reduced to zero;
(ix) with respect to the Class [A-4B] Certificates, shall be deemed to have been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest A-4B, until its Certificate Balance is reduced to zero;
(x) with respect to the Class [B] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest B-1; second, to REMIC II Regular Interest B-2; and third, to REMIC II Regular Interest B-3; in each case, until their respective Certificate Balances are reduced to zero;
(xi) with respect to the Class [C] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest C-1; and second, to REMIC II Regular Interest C-2; in each case, until their respective Certificate Balances are reduced to zero;
(xii) with respect to the Class [D] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest D-1; second, to REMIC II Regular Interest D-2; and third, to REMIC II Regular Interest D-3; in each case, until their respective Certificate Balances are reduced to zero;
(xiii) with respect to the Class [F] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest F-1; and second, to REMIC II Regular Interest F-2; in each case, until their respective Certificate Balances are reduced to zero;
(xiv) with respect to the Class [G] Certificates, shall be deemed to have been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest G. until its Certificate Balance is reduced to zero; and
(xv) with respect to the Class [H] Certificates, shall be deemed to have first been distributed from REMIC II to REMIC III in respect of REMIC II Regular Interest H-1; and second, to REMIC II Regular Interest H-2; in each case, until their respective Certificate Balances are reduced to zero.
(cb) All distributions made in respect of the Exchangeable Class [X-1] and Class [X-2] Certificates on any each Distribution Date pursuant to Section 6.5, Section 6.10 6.5 or Section 11.110.1, and allocable to any particular EX XXXXX III Regular InterestComponent of such Class of Certificates in accordance with the last paragraph of Section 6.5(a), shall be deemed to have first been distributed from REMIC II to REMIC III in respect of such EX XXXXX III Regular Interest’s Component's Corresponding REMIC II Regular Interest.
(d) . All distributions made in respect of the Class [Reserved]
(e) For purposes X-Y] Certificates on each Distribution Date pursuant to Section 6.5 or Section 10.1 shall be deemed distributed to REMIC II Regular Interest X-Y. All distributions of Section 6.4(a), Section 6.4(b), Section 6.4(c) and Section 6.4(d), if the subject distribution on or reimbursements of Realized Losses made in respect of any Class of Principal Balance Certificates (or, in the case of the Class [A-3-1FL] Certificates, in respect of the Class A-3-1FL Regular Interest) on each Distribution Date pursuant to Section 6.5 shall be deemed to have first been distributed from REMIC II to REMIC III Regular Certificates, Exchangeable Certificates or EX XXXXX III Regular Interest was a distribution in respect of interest, principal, Prepayment Premiums or in reimbursement of previously allocated Collateral Support Deficits or Trust Advisor Expenses, then the corresponding distribution deemed to be made on a its Corresponding REMIC II Regular Interest set forth in the Preliminary Statement hereto; provided, however, that distributions of reimbursements of Realized Losses shall be deemed to also be, respectively, a distribution of interest, principal, Prepayment Premiums or made in reimbursement of reverse sequential order and priority as such as Realized Losses were previously allocated Collateral Support Deficits or Trust Advisor Expenses with respect to a particular Component of such REMIC II Regular Interest.
(f) Class of Certificates. Any amounts remaining in the Distribution Account with respect to REMIC II on any Distribution Date after the foregoing distributions shall be distributed to the Holders holders of the Class R Certificates with respect to the REMIC II Residual Interest[R-II] Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
