Common use of REMIC II Clause in Contracts

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e). Realized Losses allocated to the Class X Certificates shall be allocated among 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 based on the product of the Certificate Balance of such REMIC II Regular Interest and the Class X Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A-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 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 N, 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 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.

REMIC II. On each Distribution Date, all Realized Losses allocated to on the REMIC I Interests (other than the REMIC I Non-Pooled Regular Interest) 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 6.5(e6.6(f). Realized Losses on the REMIC I Non-Pooled Regular Interest shall be allocated to REMIC II Regular Interest MMA-NA and REMIC II Regular Interest MMB-NA in the amounts and in the manner as are allocated to the Class MMA-NA and Class MMB-NA Certificates pursuant to Section 6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on the REMIC II Regular Interest A-1Interests, 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 which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the Class X Strip Rate (if any) applicable to the Class of Certificates REMIC III Regular Interest (other than the Class X Certificates) relating to such REMIC II Regular Interest.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A-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 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 N, 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 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.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A-2A, REMIC II Regular Interest A-2B, 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 N, 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 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.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 III Certificates and the Class A-2 Regular Certificates Interest relating thereto pursuant to Section 6.5(e6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on the REMIC II Regular Interest A-1, REMIC II Regular Interest A-2A-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 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 N, 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 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.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on 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, REMIC II Regular Interest M M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest N P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the Class X Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on 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, REMIC II Regular Interest M L and REMIC II Regular Interest N M, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the Class X Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e6.6(f). Realized Losses allocated to the Class X Certificates shall be allocated among reduce the amount of interest payable on the REMIC II Regular Interest A-1A-1A, REMIC II Regular Interest A-2A-1B, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, 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 N, 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 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.

REMIC II. On each Distribution Date, all Realized Losses allocated to 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 6.5(e). Realized Losses allocated to the Class X Certificates shall be allocated among 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, L and REMIC II Regular Interest M and REMIC II Regular Interest N pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the Class X Strip Rate (if any) applicable to the Class of Certificates relating to such REMIC II Regular Interest.