REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 HQ5)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Corresponding Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Corresponding Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2-1, REMIC II Regular Interest A-1CA-2-2, REMIC II Regular Interest A-2AA-2-3, REMIC II Regular Interest A-2BA-3-1, REMIC II Regular Interest A-2CA-3-2, REMIC II Regular Interest A-3AA-3-3, REMIC II Regular Interest A-3BA-3-4, REMIC II Regular Interest AA-3-ABA5, REMIC II Regular Interest AA-3-ABB6, REMIC II Regular Interest A-4AA-4-1, REMIC II Regular Interest A-4BA-4-2, REMIC II Regular Interest A-4CA-4-3, REMIC II Regular Interest AA-4-J4, REMIC II Regular Interest B-1A-5-1, REMIC II Regular Interest B-2A-5-2, REMIC II Regular Interest A-5-3, REMIC II Regular Interest A-5-4, REMIC II Regular Interest B, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest C-4, REMIC II Regular Interest C-5, REMIC II Regular Interest C-6, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest E-3, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest HH-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
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. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4CB, REMIC II Regular Interest A-JC, REMIC II Regular Interest B-1D, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, M and REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Dep for Ser 2001-Top1)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be are allocated to the REMIC II Regular Certificates relating Interests related thereto pursuant to Section 6.6(f); provided, however, that Realized Losses shall be allocated to among two or more Corresponding REMIC II Regular Interests that have Components shall be allocated among the Components correspond to a Class of such REMIC II Regular Interests Principal Balance Certificates sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1-1, REMIC II Regular Interest A-1BA-1-2, REMIC II Regular Interest A-1CA-1-3, REMIC II Regular Interest A-2AA-1A-1, REMIC II Regular Interest A-1A-2, REMIC II Regular Interest A-1A-3, REMIC II Regular Interest A-1A-4, REMIC II Regular Interest A-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2A-1, REMIC II Regular Interest A-2A-2, REMIC II Regular Interest A-2A-3, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2CA-AB, REMIC II Regular Interest A-3AA-3, REMIC II Regular Interest A-3BA-4A-1, REMIC II Regular Interest A-ABAA-4A-2, REMIC II Regular Interest A-ABBA-4A-3, REMIC II Regular Interest A-4AA-4A-4, REMIC II Regular Interest A-4A-5, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1B, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2C, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest FF-1, REMIC II Regular Interest G-1F-2, REMIC II Regular Interest G-2G, REMIC II Regular Interest HH-1, REMIC II Regular Interest H-2,, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest KK-1, REMIC II Regular Interest K-2, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P P, REMIC II Regular Interest Q and REMIC II Regular Interest Q S which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005-Hq6), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005-Hq6)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses shall be allocated to among two or more Corresponding REMIC II Regular Interests that have Components shall be allocated among the Components correspond to a Class of such REMIC II Regular Interests Principal Balance Certificates sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABAA-3C, REMIC II Regular Interest A-ABBA-3D, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-4D, REMIC II Regular Interest A-JABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-ABC, REMIC II Regular Interest A-5A, REMIC II Regular Interest A-5B, REMIC II Regular Interest A-5C, REMIC II Regular Interest A-5D, REMIC II Regular Interest A-5E, REMIC II Regular Interest A-5F, REMIC II Regular Interest A-JA, REMIC II Regular Interest A-JB, REMIC II Regular Interest A-JC, REMIC II Regular Interest A-JD, REMIC II Regular Interest A-JE, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest B-4, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest FF-1, REMIC II Regular Interest G-1F-2, REMIC II Regular Interest G-2G, REMIC II Regular Interest HH-1, REMIC II Regular Interest J-1H-2, REMIC II Regular Interest J-2J, REMIC II Regular Interest KK-1, REMIC II Regular Interest K-2, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 TOP 17), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 TOP 17)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses shall be allocated to among two or more Corresponding REMIC II Regular Interests that have Components shall be allocated among the Components correspond to a Class of such REMIC II Regular Interests Principal Balance Certificates sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1CA-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4CA-5A, REMIC II Regular Interest A-JA-5B, REMIC II Regular Interest A-5C, REMIC II Regular Interest A-6A, REMIC II Regular Interest A-6B, REMIC II Regular Interest A-6C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1E, REMIC II Regular Interest E-2F-1, REMIC II Regular Interest FF-2, REMIC II Regular Interest G-1G, REMIC II Regular Interest G-2H-1, REMIC II Regular Interest HH-2, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
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. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1G, REMIC II Regular Interest G-2H-1, REMIC II Regular Interest HH-2, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Ii Inc), Pooling and Servicing Agreement (Bear Stearns Commercial Mort Sec Tru 2003-Top12)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Corresponding Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Corresponding Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class X [X-1] and Class [X-2] Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1-1, REMIC II Regular Interest A-1BA-1-2, REMIC II Regular Interest A-1CA-1-3, REMIC II Regular Interest A-2AA-1A-1, REMIC II Regular Interest A-2BA-1A-2, REMIC II Regular Interest A-2CA-1A-3, REMIC II Regular Interest A-3AA-1A-4, REMIC II Regular Interest A-3BA-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-ABAAB-1, REMIC II Regular Interest A-ABBAB-2, REMIC II Regular Interest A-4AA-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1E, REMIC II Regular Interest E-2F-1, REMIC II Regular Interest FF-2, REMIC II Regular Interest G-1G, REMIC II Regular Interest G-2H-1, REMIC II Regular Interest HH-2, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates Corresponding Component relating to such REMIC II Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc.), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 HQ4), Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 HQ4)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-1F, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Ser 2003 Top9), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Ser 2003 Top9)
REMIC II. (a) On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Paying Agent shall be allocated deemed to distribute to itself on behalf of the Corresponding Trustee, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X-2 Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4CB, REMIC II Regular Interest A-JC, REMIC II Regular Interest B-1D, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, M and REMIC II Regular Interest N, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest OA-1, REMIC II Regular Interest P A-2, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on A-4B, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2 and REMIC II Regular Interest A-3, in reduction of the Certificate Balances thereof, in an amount up to the Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2, pro rata (with the REMIC II Regular Interest A-1 allocation based upon the sum of the Certificate Balances of REMIC II Regular Interest A-1 and REMIC II Regular Interest A-3 divided by the sum of the Certificate Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2 and REMIC II Regular Interest A-3, and the REMIC II Regular Interest A-2 allocation based upon the REMIC II Regular Interest A-2 Certificate Balance divided by the sum of the outstanding Certificate Balances of REMIC II Regular Interest A-1, REMIC II Regular Interest A-2 and REMIC II Regular Interest A-3), until the Certificate Balance of REMIC II Regular Interest A-1 is reduced to zero and (B) then, to REMIC II Regular Interest A-2 and REMIC II Regular Interest A-3, pro rata, (with respect to REMIC II Regular Interest A-2, after application of any amounts paid in clause (A) above) until the Certificate Balances of REMIC II Regular Interest A-2 and REMIC II Regular Interest A-3 are reduced to zero;
(iii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3, to the REMIC II Regular Interest A-4A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, A-2 and A-3), until the Certificate Balance of the REMIC II Regular Interest A-4A has been reduced to zero and upon payment in full of the Certificate Balance of the REMIC II Regular Amount of the REMIC II Regular Interest A-4A, to the REMIC II Regular Interest A-4B, the Principal Distribution Date for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest X-0, X-0, X-0 and A-4A), until the Certificate Balance of the REMIC II Regular Interest A-4B has been reduced to zero;
(iv) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iv), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N as a result of the allocation of Realized Losses to the Class X Certificates plus interest on such Realized Losses at one-twelfth of Certificates relating the applicable Pass-Through Rate;
(v) to such the REMIC II Regular InterestInterest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(vi) upon payment in full of the Certificate Balances of the REMIC II Regular Interest A-1, REMIC II Regular Interest A-4A and REMIC II Regular Interest A-4B, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A and REMIC II Regular Interest A-4B), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vii) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(viii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(ix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B, to the REMIC II Regular Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(x) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xi) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xiii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xiv) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E has been reduced to zero;
(xvi) to the REMIC II Regular Interest E, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xvii) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xviii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zero;
(xix) to the REMIC II Regular Interest F, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xx) to the REMIC II Regular Interest G, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest F, to the REMIC II Regular Interest G, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest G has been reduced to zero;
(xxii) to the REMIC II Regular Interest G, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxiii) to the REMIC II Regular Interest H, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest G, to the REMIC II Regular Interest H, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest H has been reduced to zero;
(xxv) to the REMIC II Regular Interest H, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxvi) to the REMIC II Regular Interest J, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest H, to the REMIC II Regular Interest J, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest J has been reduced to zero;
(xxviii) to the REMIC II Regular Interest J, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxix) to the REMIC II Regular Interest K, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxx) upon payment in full of the Certificate Balance of the REMIC II Regular Interest J to the REMIC II Regular Interest K, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest K has been reduced to zero;
(xxxi) to the REMIC II Regular Interest K, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxii) to the REMIC II Regular Interest L, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxiii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest K to the REMIC II Regular Interest L, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest L has been reduced to zero;
(xxxiv) to the REMIC II Regular Interest L, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxv) to the REMIC II Regular Interest M, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above; '
(xxxvi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest L to the REMIC II Regular Interest M, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest M has been reduced to zero;
(xxxvii) to the REMIC II Regular Interest M, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxviii) to the REMIC II Regular Interest N, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest M to the REMIC II Regular Interest N, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest N has been reduced to zero;
(xl) to the REMIC II Regular Interest N, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate; (xli) thereafter, to the Class R-II Certificateholders at such time as the Certificate Balances of all Classes of REMIC II Regular Interests have been reduced to zero, and Realized Losses previously allocated thereto have been reimbursed to the Holders of the REMIC II Regular Interests, any amounts remaining.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Corresponding Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Corresponding Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class X X-1, Class X-2 and Class X-W Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1-1, REMIC II Regular Interest A-1BA-1-2, REMIC II Regular Interest A-1CA-1A-1, REMIC II Regular Interest A-2AA-1A-2, REMIC II Regular Interest A-2BA-1A-3, REMIC II Regular Interest A-2CA-1A-4, REMIC II Regular Interest A-3AA-1A-5, REMIC II Regular Interest A-3BA-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-2-1, REMIC II Regular Interest A-2-2, REMIC II Regular Interest A-ABANM, REMIC II Regular Interest A-3-1, REMIC II Regular Interest A-3-2, REMIC II Regular Interest A-ABBAB-1, REMIC II Regular Interest A-4AA-AB-2, REMIC II Regular Interest A-4BA-4-1, REMIC II Regular Interest A-4CA-4-2, REMIC II Regular Interest A-4-3, REMIC II Regular Interest A-4-4, REMIC II Regular Interest A-M, REMIC II Regular Interest A-MFL, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2B, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1E, REMIC II Regular Interest E-2F-1, REMIC II Regular Interest FF-2, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2N-1, REMIC II Regular Interest NN-2, REMIC II Regular Interest O, REMIC II Regular Interest P P, REMIC II Regular Interest Q and REMIC II Regular Interest Q S, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate, Class X-2 Strip Rate and the Class X-2 X-W Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
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, all Realized Losses the Trustee shall be deemed to distribute to itself, as holder of the REMIC II Regular Interests, from amounts deemed received on the REMIC I Interests Regular Interests, for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to the REMIC Regular Interest Distribution Amount for the Class A1 Certificates, Class A2 Certificates, Class A3 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1CA-3, REMIC II Regular Interest A-2AB, REMIC II Regular Interest A-2BC, REMIC II Regular Interest A-2CD, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, and REMIC II Regular Interest L, each for such Distribution Date divided among such REMIC II Regular Interests in proportion to (a) in the case of the REMIC II Regular Interest M-1A-1, REMIC II Regular Interest M-2A-2 and REMIC II Regular Interest A-3, the Interest Accrual Amount for such Interest for such Distribution Date and (b) in the case of REMIC II Regular Interest B, REMIC II Regular Interest NC, REMIC II Regular Interest OD, REMIC II Regular Interest P E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on L, the product of the Certificate Class Balance of such Interest and one-twelfth of the Component Strip Rate for the Corresponding Certificate, plus the amount of any unpaid portion of the respective Interest Distribution Amounts allocated under this clause (i) on prior Distribution Dates but remaining unpaid, together with interest thereon at the applicable Pass- Through Rate;
(ii) to REMIC II Regular Interest A-1, the Principal Distribution Amount for such Distribution Date, until the Class Balance of the REMIC II Regular Interest A-1 has been reduced to zero;
(iii) upon payment in full of the Class Balance of the REMIC II Regular Interest A-1, to the REMIC II Regular Interest A-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II
(iv) upon payment in full of the Class Balance of the REMIC II Regular Interest A-2, to the REMIC II Regular Interest A-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2), until the Class Balance of the REMIC II Regular Interest A-3 has been reduced to zero;
(v) subject to the proviso in clause (vii) below, and to the extent not paid pursuant to clause (i) above, an amount equal to the respective Interest Distribution Amount for such Distribution Date for the Class of REMIC II Regular Interests then outstanding with the highest priority for interest payment as set forth below, plus the amount of any unpaid portion of the respective Interest Distribution Amount allocated under this clause (v) on prior Distribution Dates but remaining unpaid, together with interest thereon at the applicable Pass- Through Rate;
(vi) subject to the proviso in clause (vii) below, to distributions of principal equal to the remaining Principal Distribution Amount to the Classes of REMIC II Regular Interests then outstanding in the order set forth below;
(vii) sequentially, to distributions of interest to the remaining REMIC II Regular Interests in the priority set forth below in an amount equal to the Interest Distribution Amounts in respect thereof for such Distribution Date and any unpaid portion of respective Interest Distribution Amounts in respect thereof for any prior Distribution Date together with interest thereon at the applicable Pass-Through Rate, provided that on any Distribution Date on which the Class Balance of a Class of REMIC II Regular Interests is reduced to zero pursuant to clause (vi) above, interest distributions pursuant to clause (v) above will be made to the Class of Certificates outstanding with the next highest priority for interest payments prior to making distributions of principal on such Class pursuant to clause (vi) above;
(viii) sequentially to the Classes of REMIC II Regular Interests in the order set forth below for distribution of principal any amounts recovered representing Realized Losses previously allocated to such Class in reduction of its Class Balance; and
(ix) to distributions to the Class R-II Certificateholders, in an amount equal to the balance, if any. The priority for interest payments for purposes of clauses (v) and (vii) above, is: first, to distributions of remaining interest on the REMIC II Regular Interest B; second, to distributions of remaining interest on the REMIC II Regular Interest C; third, to distributions of remaining interest on the REMIC II Regular Interest D; fourth, to distributions of remaining interest on the REMIC II Regular Interest E; fifth, to distributions of remaining interest on the REMIC II Regular Interest F; and then sequentially to the REMIC II Regular Interest G, REMIC II Regular Interest, REMIC II Regular Interest, REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.Interest L up to their respective Interest Distribution Amounts. The Principal Distribution Amount for such Distribution Date set
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Amresco Commercial Mortgage Funding I Corp)
REMIC II. (a) On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Trustee shall be allocated deemed to distribute to itself, as holder of the Corresponding REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1CB, REMIC II Regular Interest A-2AC, REMIC II Regular Interest A-2BD, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest OO and REMIC II Regular Interest P, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest P C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on P, the product of one-twelfth of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the Class X-2 X Strip Rate (if any);
(ii) applicable to the REMIC II Regular Interest A-1, the Principal Distribution Amount for such Distribution Date, until the Certificate Balance of the REMIC II Regular Interest A-1 has been reduced to zero;
(iii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1, to the REMIC II Regular Interest A-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Certificate Balance of the REMIC II Regular Interest A-2 has been reduced to zero;
(iv) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iv), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P as a result of the allocation of Realized Losses to the Class X Certificates plus interest on such Realized Losses at one-twelfth of Certificates relating the applicable Pass-Through Rate;
(v) to such the REMIC II Regular Interest.Interest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(vi) upon payment in full of the Certificate Balances of the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vii) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(viii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(ix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B, to the REMIC II Regular Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, and REMIC II Regular Interest B), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(x) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xi) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B and REMIC II Regular Interest C), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xiii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xiv) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C and REMIC II Regular Interest D), until the Certificate Balance of the REMIC II Regular Interest E has been reduced to zero;
(xvi) to the REMIC II Regular Interest E, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xvii) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xviii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D and REMIC II Regular Interest E), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zero;
(xix) to the REMIC II Regular Interest F, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xx) to the REMIC II Regular Interest G, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest F, to the REMIC II Regular Interest G, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E and REMIC II Regular Interest F), until the Certificate Balance of the REMIC II Regular Interest G has been reduced to zero;
(xxii) to the REMIC II Regular Interest G, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxiii) to the REMIC II Regular Interest H, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest G, to the REMIC II Regular Interest H, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F and REMIC II Regular Interest G), until the Certificate Balance of the REMIC II Regular Interest H has been reduced to zero;
(xxv) to the REMIC II Regular Interest H, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxvi) to the REMIC II Regular Interest J, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest H, to the REMIC II Regular Interest J, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G and REMIC II Regular Interest H), until the Certificate Balance of the REMIC II Regular Interest J has been reduced to zero;
(xxviii) to the REMIC II Regular Interest J, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxix) to the REMIC II Regular Interest K, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxx) upon payment in full of the Certificate Balance of the REMIC II Regular Interest J to the REMIC II Regular Interest K, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H and REMIC II Regular Interest J), until the Certificate Balance of the REMIC II Regular Interest K has been reduced to zero;
(xxxi) to the REMIC II Regular Interest K, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxii) to the REMIC II Regular Interest L, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxiii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest K to the REMIC II Regular Interest L, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J and REMIC II Regular Interest K), until the Certificate Balance of the REMIC II Regular Interest L has been reduced to zero;
(xxxiv) to the REMIC II Regular Interest L, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxv) to the REMIC II Regular Interest M, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxvi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest L to the REMIC II Regular Interest M, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K and REMIC II Regular Interest L), until the Certificate Balance of the REMIC II Regular Interest M has been reduced to zero;
(xxxvii) to the REMIC II Regular Interest M, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxviii) to the REMIC II Regular Interest N, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest M to the REMIC II Regular Interest N, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L and REMIC II Regular Interest M), until the Certificate Balance of the REMIC II Regular Interest N has been reduced to zero;
(xl) to the REMIC II Regular Interest N, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate; (xli) to the REMIC II Regular Interest O, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1E, REMIC II Regular Interest E-2F-1, REMIC II Regular Interest FF-2, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, M and REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2003-Top 11)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-1F, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3AA-2D, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2B, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2C-4, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest FF-1, REMIC II Regular Interest G-1F-2, , REMIC II Regular Interest G-2G, REMIC II Regular Interest HH-1, REMIC II Regular Interest J-1H-2, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Dep for Ser 2003 Hq2)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3AA-2D, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-JA-4D, REMIC II Regular Interest B-1B, REMIC II Regular Interest B-2C, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest FE-3, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest HH-1, REMIC II Regular Interest J-1H-2, REMIC II Regular Interest J-2J, REMIC II Regular Interest KK-1, REMIC II Regular Interest K-2, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P P, REMIC II Regular Interest Q and REMIC II Regular Interest Q S, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Capital I Tr 2004-Hq3)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Corresponding Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Corresponding Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class X X-1 and Class X-2 Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1-1, REMIC II Regular Interest A-1BA-1-2, REMIC II Regular Interest A-1CA-1-3, REMIC II Regular Interest A-2AA-1A-1, REMIC II Regular Interest A-2BA-1A-2, REMIC II Regular Interest A-2CA-1A-3, REMIC II Regular Interest A-3AA-1A-4, REMIC II Regular Interest A-3BA-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-ABAAB-1, REMIC II Regular Interest A-ABBAB-2, REMIC II Regular Interest A-4AA-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1E, REMIC II Regular Interest E-2F-1, REMIC II Regular Interest FF-2, REMIC II Regular Interest G-1G, REMIC II Regular Interest G-2H-1, REMIC II Regular Interest HH-2, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates Corresponding Component relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 IQ10)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-JA-2D, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2C-4, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1J, REMIC II Regular Interest J-2K-1, REMIC II Regular Interest KK-2, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2003-Top10)
REMIC II. (a) On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Trustee shall be allocated deemed to distribute to itself, as holder of the Corresponding REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X-2 Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1CA-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2CB, REMIC II Regular Interest A-3AC, REMIC II Regular Interest A-3BD, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1J, REMIC II Regular Interest J-2, REMIC II Regular Interest K, K and REMIC II Regular Interest L, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest M-1A-1, REMIC II Regular Interest M-2A-2A and REMIC II Regular Interest A-2B, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest NC, REMIC II Regular Interest OD, REMIC II Regular Interest P E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC Regular Interest H, REMIC II Regular Interest J, REMIC II Regular 80 88 Interest K and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on L, the product of one-twelfth of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to the Class of Certificates relating to such REMIC II Regular Interest.Interest A-1, the Principal Distribution Amount for such Distribution Date, until the Certificate Balance of the REMIC II Regular Interest A-1 has been reduced to zero;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)
REMIC II. (a) On each Distribution Date, all Realized Losses the Paying Agent on behalf of the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, Trustee shall be deemed to distribute to the extent not previously allocated) shall be allocated to Trustee, as holder of the Corresponding REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1CB, REMIC II Regular Interest A-2AC, REMIC II Regular Interest A-2BD, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest P A-1 and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on A-2, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, the product of one-twelfth of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the Class X-2 X Strip Rate (if any);
(ii) applicable to the REMIC II Regular Interest A-1, the Principal Distribution Amount for such Distribution Date, until the Certificate Balance of the REMIC II Regular Interest A-1 has been reduced to zero;
(iii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1, to the REMIC II Regular Interest A-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Certificate Balance of the REMIC II Regular Interest A-2 has been reduced to zero;
(iv) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iv), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O as a result of the allocation of Realized Losses to the Class X Certificates plus interest on such Realized Losses compounded monthly at one-twelfth of Certificates relating the applicable Pass-Through Rate; 85 95 (v) to such the REMIC II Regular Interest.Interest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc)
REMIC II. (a) On each Distribution Date, all Realized Losses the Paying Agent shall be deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC I Interests II Regular Interests, for the following purposes and in the following order of priority:
(i) an amount equal to Distributable Certificate Interest for the Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class X-1 Certificates and Class X-2 Certificates to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, divided among such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and proportion to (A) in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components case of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABAA-3C, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, A-4A and REMIC II Regular Interest A-4B, REMIC II Regular the Accrued Certificate Interest A-4C, REMIC II Regular Interest A-J, for such Distribution Date and (B) in the case of REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of (a) the Certificate Balance of such REMIC II Regular Interest and (b) one-twelfth of the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to the Class of Certificates relating to such REMIC II Regular Interest.Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A and REMIC II Regular Interest A-4B, in reduction of the Certificate Balances thereof, in an amount up to the Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1A until the Certificate Balance of REMIC II Regular Interest A-1A is reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1A, to the REMIC II Regular Interest A-1B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A), until the Certificate Balance of the REMIC II Regular Interest A-1B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1B, to the REMIC II Regular Interest A-1C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A and A-1B), until the Certificate Balance of the REMIC II Regular Interest A-1C has been reduced to zero; (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B and A-1C), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Xxxxxxxx X-0X, X-0X, X-0X and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2B, to the REMIC II Regular Interest A-2C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Xxxxxxxx X-0X, X-0X, X-0X, X-0X xxx X-0X), until the Certificate Balance of the REMIC II Regular Interest A-2C has been reduced to zero, (C) third, to the REMIC II Regular Interest A-3A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Xxxxxxxx X-0X, X-0X, X-0X, X-0X, X-0X and A-2C), until the Certificate Balance of the REMIC II Regular Interest A-3A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3A, to the REMIC II Regular Interest A-3B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Xxxxxxxx X-0X, X-0X, X-0X, X-0X, X-0X, X-0X and A-3A), until the Certificate Balance of the REMIC II Regular Interest A-3B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3B, to the REMIC II Regular Interest A-3C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest X-0X, X-0X, X-0X, X-0X, X-0X, X-0X, X-0X xxx X-0X), until the Certificate Balance of the REMIC II Regular Interest A-3C has been reduced to zero; and (D) fourth, to the REMIC II Regular Interest A-4A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest X-0X, X-0X, X-
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust Series 2004-Top15)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust Series 2004-Top15)
REMIC II. (a) On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, Paying Agent shall be deemed to distribute to the extent not previously allocated) shall be allocated to Trustee, as holder of the Corresponding REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1CB, REMIC II Regular Interest A-2AC, REMIC II Regular Interest A-2BD, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1I, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M and REMIC II Regular Interest X-1, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2, the Accrued Certificate Interest for such Distribution Date, (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest M-2C, REMIC II Regular Interest ND, REMIC II Regular Interest OE, REMIC II Regular Interest P F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on M, the product of one-twelfth of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the Class X-2 X Strip Rate (if any) applicable and (C) in the case of REMIC II Regular Interest X-1, the Class X-1 Interest Amount;
(ii) to the REMIC II Regular Interest A-1, the Principal Distribution Amount for such Distribution Date, until the Certificate Balance of the REMIC II Regular Interest A-1 has been reduced to zero;
(iii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1, to the REMIC II Regular Interest A-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Certificate Balance of the REMIC II Regular Interest A-2 has been reduced to zero;
(iv) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L and REMIC II Regular Interest M, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iv), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L and REMIC II Regular Interest M as a result of the allocation of Realized Losses to the Class of X Certificates relating plus interest on such Realized Losses at the applicable Pass-Through Rate;
(v) to such the REMIC II Regular Interest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(vi) upon payment in full of the Certificate Balances of the REMIC II Regular Interest A-2 and REMIC II Regular Interest A-2, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vii) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(viii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(ix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B, to the REMIC II Regular Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, and REMIC II Regular Interest B), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(x) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xi) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B and REMIC II Regular Interest C), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xiii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xiv) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C and REMIC II Regular Interest D), until the Certificate Balance of the REMIC II Regular Interest E has been reduced to zero;
(xvi) to the REMIC II Regular Interest E, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xvii) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xviii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D and REMIC II Regular Interest E), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zero;
(xix) to the REMIC II Regular Interest F, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xx) to the REMIC II Regular Interest G, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest F, to the REMIC II Regular Interest G, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E and REMIC II Regular Interest F), until the Certificate Balance of the REMIC II Regular Interest G has been reduced to zero;
(xxii) to the REMIC II Regular Interest G, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxiii) to the REMIC II Regular Interest H, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest G, to the REMIC II Regular Interest H, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F and REMIC II Regular Interest G), until the Certificate Balance of the REMIC II Regular Interest H has been reduced to zero;
(xxv) to the REMIC II Regular Interest H, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxvi) to the REMIC II Regular Interest I, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest H, to the REMIC II Regular Interest I, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G and REMIC II Regular Interest H), until the Certificate Balance of the REMIC II Regular Interest I has been reduced to zero;
(xxviii) to the REMIC II Regular Interest I, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxix) to the REMIC II Regular Interest J, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxx) upon payment in full of the Certificate Balance of the REMIC II Regular Interest I, to the REMIC II Regular Interest J, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H and REMIC II Regular Interest I), until the Certificate Balance of the REMIC II Regular Interest J has been reduced to zero;
(xxxi) to the REMIC II Regular Interest J, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxxii) to the REMIC II Regular Interest K, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxiii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest J to the REMIC II Regular Interest K, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I and REMIC II Regular Interest J), until the Certificate Balance of the REMIC II Regular Interest K has been reduced to zero;
(xxxiv) to the REMIC II Regular Interest K, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxxv) to the REMIC II Regular Interest L, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxvi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest K to the REMIC II Regular Interest L, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J and REMIC II Regular Interest K), until the Certificate Balance of the REMIC II Regular Interest L has been reduced to zero;
(xxxvii) to the REMIC II Regular Interest L, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxxviii) to the REMIC II Regular Interest M, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest L to the REMIC II Regular Interest M, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K and REMIC II Regular Interest L), until the Certificate Balance of the REMIC II Regular Interest M has been reduced to zero;
(xl) to the REMIC II Regular Interest M, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate; and (xli) thereafter, to the Class R-II Certificateholders.
(b) On each Distribution Date, the Paying Agent shall have deemed to distribute to the REMIC II Excess Interests, any Excess Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc)
REMIC II. (a) On each Distribution Date, all Realized Losses the Trustee shall be deemed to distribute to itself, as holder of the REMIC II Regular Interests, from amounts deemed received on the REMIC I Interests Regular Interests, for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to the REMIC Regular Interest Distribution Amount for the Class A1 Certificates, Class A2 Certificates, Class A3 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1CA-3, REMIC II Regular Interest A-2AB, REMIC II Regular Interest A-2BC, REMIC II Regular Interest A-2CD, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, and REMIC II Regular Interest L, each for such Distribution Date divided among such REMIC II Regular Interests in proportion to (a) in the case of the REMIC II Regular Interest M-1A-1, REMIC II Regular Interest M-2A-2 and REMIC II Regular Interest A-3, the Interest Accrual Amount for such Interest for such Distribution Date and (b) in the case of REMIC II Regular Interest B, REMIC II Regular Interest NC, REMIC II Regular Interest OD, REMIC II Regular Interest P E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on L, the product of the Certificate Class Balance of such Interest and one-twelfth of the Component Strip Rate for the Corresponding Certificate, plus the amount of any unpaid portion of the respective Interest Distribution Amounts allocated under this clause (i) on prior Distribution Dates but remaining unpaid, together with interest thereon at the applicable Pass-Through Rate;
(ii) to REMIC II Regular Interest A-1, the Principal Distribution Amount for such Distribution Date, until the Class Balance of the REMIC II Regular Interest A-1 has been reduced to zero;
(iii) upon payment in full of the Class Balance of the REMIC II Regular Interest A-1, to the REMIC II Regular Interest A-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Class Balance of the REMIC II Regular Interest A-2 has been reduced to zero;
(iv) upon payment in full of the Class Balance of the REMIC II Regular Interest A-2, to the REMIC II Regular Interest A-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2), until the Class Balance of the REMIC II Regular Interest A-3 has been reduced to zero;
(v) subject to the proviso in clause (vii) below, and to the extent not paid pursuant to clause (i) above, an amount equal to the respective Interest Distribution Amount for such Distribution Date for the Class of REMIC II Regular Interests then outstanding with the highest priority for interest payment as set forth below, plus the amount of any unpaid portion of the respective Interest Distribution Amount allocated under this clause (v) on prior Distribution Dates but remaining unpaid, together with interest thereon at the applicable Pass-Through Rate;
(vi) subject to the proviso in clause (vii) below, to distributions of principal equal to the remaining Principal Distribution Amount to the Classes of REMIC II Regular Interests then outstanding in the order set forth below;
(vii) sequentially, to distributions of interest to the remaining REMIC II Regular Interests in the priority set forth below in an amount equal to the Interest Distribution Amounts in respect thereof for such Distribution Date and any unpaid portion of respective Interest Distribution Amounts in respect thereof for any prior Distribution Date together with interest thereon at the applicable Pass-Through Rate, PROVIDED that on any Distribution Date on which the Class Balance of a Class of REMIC II Regular Interests is reduced to zero pursuant to clause (vi) above, interest distributions pursuant to clause (v) above will be made to the Class of Certificates outstanding with the next highest priority for interest payments prior to making distributions of principal on such Class pursuant to clause (vi) above;
(viii) sequentially to the Classes of REMIC II Regular Interests in the order set forth below for distribution of principal any amounts recovered representing Realized Losses previously allocated to such Class in reduction of its Class Balance; and
(ix) to distributions to the Class R-II Certificateholders, in an amount equal to the balance, if any. The priority for interest payments for purposes of clauses (v) and (vii) above, is: first, to distributions of remaining interest on the REMIC II Regular Interest B; second, to distributions of remaining interest on the REMIC II Regular Interest C; third, to distributions of remaining interest on the REMIC II Regular Interest D; fourth, to distributions of remaining interest on the REMIC II Regular Interest E; fifth, to distributions of remaining interest on the REMIC II Regular Interest F; and then sequentially to the REMIC II Regular Interest G, REMIC II Regular Interest, REMIC II Regular Interest, REMIC II Regular Interest and REMIC II Regular Interest L up to their respective Interest Distribution Amounts. The Principal Distribution Amount for such Distribution Date set forth in clause (vii) above will be applied to the sum payment of principal of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest B, REMIC II Regular Interest, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K and REMIC II Regular Interest L, in that order, until their respective Class Balances have been reduced to zero; PROVIDED, that notwithstanding clauses (ii), (iii) and (iv) above on and after any Distribution Date as of which the REMIC II Regular Interests B has been reduced to zero, the Principal Distribution Amount shall be applied to payments of principal of the REMIC II Regular Interests A-1, REMIC II Regular Interests A-2 and REMIC II Regular Interests A-3, pro rata, based on their respective Class Balances.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Icifc Secured Assets Corp)
REMIC II. (a) On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Paying Agent shall be allocated deemed to distribute to itself on behalf of the Corresponding Trustee, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X-2 Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1CA-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2CA-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A and REMIC II Regular Interest A-3B, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, the product of the Certificate Balance of such Interest and the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A and REMIC II Regular Interest A-3B in reduction of the Certificate Balances thereof, in an amount up to the Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1 until the Certificate Balance of REMIC II Regular Interest A-1 is reduced to zero, (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero and upon payment in full of the Certificate Balance of the REMIC II Regular Amount of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Date for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero and (C) third, to the REMIC II Regular Interest A-3A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, A-2A and A-2B), until the Certificate Balance of the REMIC II Regular Interest A-3A has been reduced to zero and upon payment in full of the Certificate Balance of the REMIC II Regular Amount of the REMIC II Regular Interest A-3A, to the REMIC II Regular Interest A-3B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest X-0, X-0X, X-0X and A-3A), until the Certificate Balance of the REMIC II Regular Interest A-3B has been reduced to zero;
(iii) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABAB, REMIC II Regular Interest A-ABBC, REMIC II Regular Interest A-4AD, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, M and REMIC II Regular Interest N, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iii), to reimburse any Realized Interest Losses previously allocated to REMIC II Regular Interest OA-1, REMIC II Regular Interest P A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest Q which reduction shall N as a result of the allocation of Realized Losses to the Class X Certificates plus interest on such Realized Losses at one-twelfth of the applicable Pass-Through Rate;
(iv) to the REMIC II Regular Interest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balances of the REMIC II Regular Interest A-3B, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A and REMIC II Regular Interest A-3B), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vi) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated pro rata based thereto, plus interest on such Realized Losses at one-twelfth the product applicable Pass-Through Rate;
(vii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of such the REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable B, to the Class of Certificates relating to such REMIC II Regular Interest.Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(ix) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(x) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xiii) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Dep Series 2002-Hq)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-JA-4D, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest FF-1, REMIC II Regular Interest G-1F-2, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Sec Inc Trust 2004 Top14)
REMIC II. (a) On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Paying Agent shall be allocated deemed to distribute to itself on behalf of the Corresponding Trustee, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X-2 Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1CA-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4CB, REMIC II Regular Interest A-JC, REMIC II Regular Interest B-1D, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, M and REMIC II Regular Interest N, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest OA-1, REMIC II Regular Interest P A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on A-4B, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A and REMIC II Regular Interest A-4B in reduction of the Certificate Balances thereof, in an amount up to the Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1 until the Certificate Balance of REMIC II Regular Interest A-1 is reduced to zero, (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero and upon payment in full of the Certificate Balance of the REMIC II Regular Amount of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Date for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero, (C) third, to the REMIC II Regular Interest A-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, A-2A and A-2B) until the Certificate Balance of REMIC II Regular Interest A-3 is reduced to zero and (D) fourth, to the REMIC II Regular Interest A-4A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest X-0, X-0X, X-0X and A-3), until the Certificate Balance of the REMIC II Regular Interest A-4A has been reduced to zero and upon payment in full of the Certificate Balance of the REMIC II Regular Amount of the REMIC II Regular Interest A-4A, to the REMIC II Regular Interest A-4B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest X-0, X-0X, X-0X, X-0 and A-4A), until the Certificate Balance of the REMIC II Regular Interest A-4B has been reduced to zero;
(iii) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iii), to reimburse any Realized Interest Losses previously allocated to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N as a result of the allocation of Realized Losses to the Class X Certificates plus interest on such Realized Losses at one-twelfth of Certificates relating the applicable Pass-Through Rate;
(iv) to such the REMIC II Regular InterestInterest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balances of the REMIC II Regular Interest A-4B, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A and REMIC II Regular Interest A-4B), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vi) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(vii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B, to the REMIC II Regular Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(ix) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(x) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xiii) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E has been reduced to zero;
(xv) to the REMIC II Regular Interest E, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xvi) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zero;
(xviii) to the REMIC II Regular Interest F, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xix) to the REMIC II Regular Interest G, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xx) upon payment in full of the Certificate Balance of the REMIC II Regular Interest F, to the REMIC II Regular Interest G, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest G has been reduced to zero;
(xxi) to the REMIC II Regular Interest G, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxii) to the REMIC II Regular Interest H, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxiii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest G, to the REMIC II Regular Interest H, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest H has been reduced to zero;
(xxiv) to the REMIC II Regular Interest H, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxv) to the REMIC II Regular Interest J, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxvi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest H, to the REMIC II Regular Interest J, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest J has been reduced to zero;
(xxvii) to the REMIC II Regular Interest J, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxviii) to the REMIC II Regular Interest K, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest J to the REMIC II Regular Interest K, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest K has been reduced to zero;
(xxx) to the REMIC II Regular Interest K, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxi) to the REMIC II Regular Interest L, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest K to the REMIC II Regular Interest L, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest L has been reduced to zero;
(xxxiii) to the REMIC II Regular Interest L, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxiv) to the REMIC II Regular Interest M, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest L to the REMIC II Regular Interest M, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest M has been reduced to zero;
(xxxvi) to the REMIC II Regular Interest M, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxvii) to the REMIC II Regular Interest N, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxviii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest M to the REMIC II Regular Interest N, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest N has been reduced to zero;
(xxxix) to the REMIC II Regular Interest N, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate; (xl) thereafter, to the Class R-II Certificateholders at such time as the Certificate Balances of all Classes of REMIC II Regular Interests have been reduced to zero, and Realized Losses previously allocated thereto have been reimbursed to the Holders of the REMIC II Regular Interests, any amounts remaining.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Dep for Series 2001-Top)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, Paying Agent shall be deemed to distribute to the extent not previously allocated) shall be allocated to Trustee, as holder of the Corresponding REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Regular Class A-1 Certificates, Class A-2 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1, REMIC II Regular Interest A-1BA-2, REMIC II Regular Interest A-1CB, REMIC II Regular Interest A-2AC, REMIC II Regular Interest A-2BD, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1I, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2N and REMIC II Regular Interest X-1, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2, the Accrued Certificate Interest for such Distribution Date, (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of one-twelfth of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the Class X-2 X Strip Rate (if any) applicable and (C) in the case of REMIC II Regular Interest X-1, the Class X-1 Interest Amount;
(ii) to the REMIC II Regular Interest A-1, the Principal Distribution Amount for such Distribution Date, until the Certificate Balance of the REMIC II Regular Interest A-1 has been reduced to zero;
(iii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1, to the REMIC II Regular Interest A-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Certificate Balance of the REMIC II Regular Interest A-2 has been reduced to zero;
(iv) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iv), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, as a result of the allocation of Realized Losses to the Class of X Certificates relating plus interest on such Realized Losses at the applicable Pass-Through Rate;
(v) to such the REMIC II Regular InterestInterest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(vi) upon payment in full of the Certificate Balances of the REMIC II Regular Interest A-2 and REMIC II Regular Interest A-2, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and REMIC II Regular Interest A-2), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vii) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(viii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(ix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B, to the REMIC II Regular Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, and REMIC II Regular Interest B), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(x) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xi) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B and REMIC II Regular Interest C), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xiii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xiv) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C and REMIC II Regular Interest D), until the Certificate Balance of the REMIC II Regular Interest E has been reduced to zero;
(xvi) to the REMIC II Regular Interest E, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xvii) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xviii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D and REMIC II Regular Interest E), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zero;
(xix) to the REMIC II Regular Interest F, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xx) to the REMIC II Regular Interest G, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest F, to the REMIC II Regular Interest G, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E and REMIC II Regular Interest F), until the Certificate Balance of the REMIC II Regular Interest G has been reduced to zero;
(xxii) to the REMIC II Regular Interest G, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxiii) to the REMIC II Regular Interest H, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest G, to the REMIC II Regular Interest H, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F and REMIC II Regular Interest G), until the Certificate Balance of the REMIC II Regular Interest H has been reduced to zero;
(xxv) to the REMIC II Regular Interest H, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxvi) to the REMIC II Regular Interest I, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest H, to the REMIC II Regular Interest I, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G and REMIC II Regular Interest H), until the Certificate Balance of the REMIC II Regular Interest I has been reduced to zero;
(xxviii) to the REMIC II Regular Interest I, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxix) to the REMIC II Regular Interest J, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxx) upon payment in full of the Certificate Balance of the REMIC II Regular Interest I, to the REMIC II Regular Interest J, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H and REMIC II Regular Interest I), until the Certificate Balance of the REMIC II Regular Interest J has been reduced to zero;
(xxxi) to the REMIC II Regular Interest J, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxxii) to the REMIC II Regular Interest K, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxiii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest J to the REMIC II Regular Interest K, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I and REMIC II Regular Interest J), until the Certificate Balance of the REMIC II Regular Interest K has been reduced to zero;
(xxxiv) to the REMIC II Regular Interest K, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxxv) to the REMIC II Regular Interest L, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxvi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest K, to the REMIC II Regular Interest L, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J and REMIC II Regular Interest K), until the Certificate Balance of the REMIC II Regular Interest L has been reduced to zero;
(xxxvii) to the REMIC II Regular Interest L, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xxxviii) to the REMIC II Regular Interest M, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest L, to the REMIC II Regular Interest M, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K and REMIC II Regular Interest L), until the Certificate Balance of the REMIC II Regular Interest M has been reduced to zero;
(xl) to the REMIC II Regular Interest M, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate;
(xli) to the REMIC II Regular Interest N, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xlii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest M, to the REMIC II Regular Interest N, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest I, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L and REMIC II Regular Interest M), until the Certificate Balance of the REMIC II Regular Interest N has been reduced to zero;
(xliii) to the REMIC II Regular Interest N, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at the applicable Pass-Through Rate; and (xliv) thereafter, to the Class R-II Certificateholders.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Inc)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2B, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Series 2002 Top7)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1D-3, REMIC II Regular Interest E-2E, REMIC II Regular Interest FF-1, REMIC II Regular Interest G-1F-2, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stan Dean Wit Cap Com Mort Ps THR CRTS Ser 2003-Top13)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Corresponding Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Corresponding Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class X X-1 and Class X-2 Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1AA-1-1, REMIC II Regular Interest A-1BA-1-2, REMIC II Regular Interest A-1CA-1-3, REMIC II Regular Interest A-2AA-2-1, REMIC II Regular Interest A-2BA-2-2, REMIC II Regular Interest A-2CA-2-3, REMIC II Regular Interest A-3AA-2-4, REMIC II Regular Interest A-3BA-2-5, REMIC II Regular Interest A-3-1, REMIC II Regular Interest A-3-2, REMIC II Regular Interest A-3-3, REMIC II Regular Interest A-3-4, REMIC II Regular Interest A-3-5, REMIC II Regular Interest A-3-6, REMIC II Regular Interest A-4-1, REMIC II Regular Interest A-4-2, REMIC II Regular Interest A-ABAAB-1, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4CAB-2, REMIC II Regular Interest A-JAB-3, REMIC II Regular Interest A-AB-4, REMIC II Regular Interest A-5-1, REMIC II Regular Interest A-5-2, REMIC II Regular Interest A-1A-1, REMIC II Regular Interest A-1A-2, REMIC II Regular Interest A-1A-3, REMIC II Regular Interest A-1A-4, REMIC II Regular Interest A-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-1A-10, REMIC II Regular Interest A-1A-11, REMIC II Regular Interest A-1A-12, REMIC II Regular Interest A-1A-13, REMIC II Regular Interest A-1A-14, REMIC II Regular Interest A-AJ, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest D-3, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest FF-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest HH-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest LL-1, REMIC II Regular Interest M-1L-2, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 IQ9)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be are allocated to the REMIC III Regular Certificates relating Interests related thereto pursuant to Section 6.6(f); provided, however, that Realized Losses shall be allocated to among two or more Corresponding REMIC II Regular Interests that have Components shall be allocated among the Components correspond to a Class of such REMIC II Regular Interests Principal Balance Certificates sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3AA-2D, REMIC II Regular Interest A-3BA-3, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-M, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1B-3, REMIC II Regular Interest C-2C, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest LL-1, REMIC II Regular Interest M-1L-2, REMIC II Regular Interest M-2M, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P O and REMIC II Regular Interest Q P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2006-Top24)
REMIC II. (a) On each Distribution Date, all Realized Losses the 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 REMIC I Interests for such Distribution immediately preceding Master Servicer Remittance Date (or for prior Distribution Datespursuant to Sections 8.30(b)) to itself on behalf of the Trustee, to as holder of the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the REMIC Class A-1 Certificates, Class A-2 Regular Interest, Class A-3 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated and Class X-2 Certificates to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1CA-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2CA-3, REMIC II Regular Interest A-3AB, REMIC II Regular Interest A-3BC, REMIC II Regular Interest A-ABAD, REMIC II Regular Interest A-ABB, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2E, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, M and REMIC II Regular Interest N, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest OA-1, REMIC II Regular Interest P A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on N, the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2 and REMIC II Regular Interest A-3, in reduction of the Certificate Balances thereof, in an amount up to the Principal Distribution Amount for such Distribution Date: first, to the REMIC II Regular Interest A-1 until the Certificate Balance of REMIC II Regular Interest A-1 is reduced to zero; second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero and upon payment in full of the Certificate Balance of the REMIC II Regular Amount of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Date for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1 and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero; and third, to the REMIC II Regular Interest A-3 until the Certificate Balance of REMIC II Regular Interest A-3 is reduced to zero;
(iii) (A) to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A and REMIC II Regular Interest A-2B, to reimburse any unreimbursed Realized Losses previously allocated thereto, other than Realized Interest Losses with respect to the Class X Certificates allocable under clause (iv)(B), plus interest on such Realized Losses at one-twelfth of Certificates relating the applicable Pass-Through Rate, pro rata on the basis of their respective entitlements to such reimbursements described in the clause (iv)(A), and (B) to REMIC II Regular InterestInterest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iv), to reimburse any Realized Interest Losses previously allocated to REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC Regular Interest A-3, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M and REMIC II Regular Interest N as a result of the allocation of Realized Interest Losses to the Class X Certificates plus interest on such Realized Interest Losses at one-twelfth of the applicable Pass-Through Rate;
(iv) to the REMIC II Regular Interest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balances of the REMIC II Regular Interest A-3, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vi) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(vii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B, to the REMIC II Regular Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(ix) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(x) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xiii) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E has been reduced to zero;
(xv) to the REMIC II Regular Interest E, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xvi) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zero;
(xviii) to the REMIC II Regular Interest F, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xix) to the REMIC II Regular Interest G, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xx) upon payment in full of the Certificate Balance of the REMIC II Regular Interest F, to the REMIC II Regular Interest G, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest G has been reduced to zero;
(xxi) to the REMIC II Regular Interest G, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxii) to the REMIC II Regular Interest H, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxiii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest G, to the REMIC II Regular Interest H, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest H has been reduced to zero;
(xxiv) to the REMIC II Regular Interest H, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxv) to the REMIC II Regular Interest J, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxvi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest H, to the REMIC II Regular Interest J, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest J has been reduced to zero;
(xxvii) to the REMIC II Regular Interest J, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxviii) to the REMIC II Regular Interest K, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxix) upon payment in full of the Certificate Balance of the REMIC II Regular Interest J to the REMIC II Regular Interest K, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest K has been reduced to zero;
(xxx) to the REMIC II Regular Interest K, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxi) to the REMIC II Regular Interest L, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest K to the REMIC II Regular Interest L, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest L has been reduced to zero;
(xxxiii) to the REMIC II Regular Interest L, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxiv) to the REMIC II Regular Interest M, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest L to the REMIC II Regular Interest M, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest M has been reduced to zero;
(xxxvi) to the REMIC II Regular Interest M, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate;
(xxxvii) to the REMIC II Regular Interest N, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xxxviii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest M to the REMIC II Regular Interest N, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest N has been reduced to zero;
(xxxix) to the REMIC II Regular Interest N, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus interest on such Realized Losses at one-twelfth the applicable Pass-Through Rate; (xl) thereafter, to the Class R-II Certificateholders at such time as the Certificate Balances of all Classes of REMIC II Regular Interests have been reduced to zero, and Realized Losses previously allocated thereto have been reimbursed to the Holders of the REMIC II Regular Interests, any amounts remaining.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2001-Top4)
REMIC II. On each Distribution Date, all Realized Losses on the REMIC I Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be allocated to the REMIC Regular Certificates relating thereto pursuant to Section 6.6(f); provided, however, that Realized Losses allocated to REMIC II Regular Interests that have Components shall be allocated among the Components of such REMIC II Regular Interests sequentially in alphabetical and numerical order. Realized Losses allocated to the Class X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-ABA, REMIC II Regular Interest A-ABBA-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M-1M, REMIC II Regular Interest M-2, REMIC II Regular Interest N, N and REMIC II Regular Interest O, REMIC II Regular Interest P and REMIC II Regular Interest Q which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 HQ4)
