Common use of Allocation of Certain Interest Shortfalls Clause in Contracts

Allocation of Certain Interest Shortfalls. For purposes of calculating the Interest Distribution Amount for the Class A Certificates, the Class M Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, fourth, the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover Amounts paid to the Class A Certificates and the Class M Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date.

Allocation of Certain Interest Shortfalls. For purposes of calculating the Interest Distribution Amount for the Class A Certificates, the Class M Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, priority and fourth, reduce the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover Amounts paid to the Class A Certificates and the Class M Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date.

Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of the REMIC Monthly Interest Distribution Distributable Amount for the Class A Certificates, the Mezzanine Certificates, the Class M B Certificates and the Class CE AIO Certificates for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and Curtailment Interest any Relief Act Shortfalls to incurred in respect of the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 Mortgage Loans for any Distribution Date shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, fourth, the Interest Distribution Amount payable to the Class A Certificates (be allocated on a pro rata basis based on their respective Senior on, and to the extent of, the gross REMIC Monthly Interest Distribution Amounts before Distributable Amount for each such reduction)Class, among the Class A Certificates, the Mezzanine Certificates, the Class B Certificates and the Class AIO Certificates and (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover any Available Funds Cap Carryforward Amounts paid to the Class A Certificates and the Class M Certificates on incurred for any Distribution Date shall be allocated to the Class CE AIO Certificates to the extent of the related gross REMIC Monthly Interest Distribution Distributable Amount for such that Class, after deduction of any Net Prepayment Interest Shortfalls and any Relief Act Shortfalls. All Net Prepayment Interest Shortfalls and Relief Act Shortfalls on the REMIC I, REMIC II and REMIC III shall be allocated on each Distribution DateDate among the REMIC I, REMIC II and REMIC III in the proportion that Net Prepayment Interest Shortfalls and Relief Act Shortfalls are allocated to the related Master REMIC Regular Interests.

Allocation of Certain Interest Shortfalls. For purposes of calculating the Interest Distribution Amount for the Class A Certificates, the Class M Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, fourth, reduce the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover Amounts paid to the Class A Certificates and the Class M Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date.

Allocation of Certain Interest Shortfalls. (a) For purposes of calculating the Interest Distribution Amount for the Class A related Senior Certificates, the Class M Subordinate Certificates and the Class CE Certificates Certificates, as applicable, for any Distribution Date, (1) the aggregate amount of any related Prepayment Interest Shortfalls and related Curtailment Interest Shortfalls with respect to any Group I or Group II Loans, as applicable, to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the related Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M related Subordinate Certificates in reverse order of payment prioritypriority and third, fourth, reduce the related Interest Distribution Amount payable to the Class A related Senior Certificates (on a pro rata basis based on their respective related Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Group I and Group II Loans shall be allocated to the Certificates Group I and Group II Certificates, respectively, on a pro rata basis based on their respective related Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of related Realized Losses allocated to the Class M related Subordinate Certificates and related Net WAC Rate Carryover Amounts paid to the Class A related Senior Certificates and the Class M Subordinate Certificates on any Distribution Date shall be allocated to the related Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date.

Allocation of Certain Interest Shortfalls. (a) For purposes of calculating the Interest Distribution Amount for the Class A Certificates, the Class M Senior Certificates and the Class CE Mezzanine Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls with respect to any Loans to the extent not covered by payment by the related Servicer pursuant to the related Mortgage Loan Purchase and Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, Date and second reduce the Interest Distribution Amount payable to each Class of Class M Mezzanine Certificates in reverse order of payment priority, fourth, and the Interest Distribution Amount payable to the Class A Senior Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), ) and (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, [and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Mezzanine Certificates and Net WAC Rate Carryover Amounts paid to the Class A Senior Certificates and the Class M Mezzanine Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date].

Allocation of Certain Interest Shortfalls. For purposes of calculating the Interest Distribution Amount for the Class A Certificates, the Class M Mezzanine Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Interest Distribution Amount on payable to the related Distribution DateClass CE Certificates, third, reduce the Interest Distribution Amount payable to each Class of Class M Mezzanine Certificates in reverse order of payment priority, priority and fourth, reduce the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Mezzanine Certificates and Net WAC Rate Carryover Amounts paid to the Class A Certificates and the Class M Mezzanine Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date.

Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of the REMIC Monthly Interest Distribution Distributable Amount for the Class A Certificates, the Class M Mezzanine Certificates and the Class CE Certificates B Certificates, for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and Curtailment Interest any Relief Act Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall firstExcess Cashflow, reduce the Net Monthly Excess Cashflow for such Distribution Date, and second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, fourth, the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior on, and to the extent of, the gross REMIC Monthly Interest Distribution Amounts before Distributable Amount for each such reduction)Class, among the Class A Certificates, the Mezzanine Certificates and the Class B Certificates and (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover any Available Funds Cap Carryforward Amounts paid to the Class A Certificates and the Class M Certificates on incurred for any Distribution Date shall be allocated to the Class CE X Certificates to the extent of the related gross REMIC Monthly Interest Distribution Distributable Amount for such that Class, after deduction of any Net Prepayment Interest Shortfalls and any Relief Act Shortfalls. All Net Prepayment Interest Shortfalls and Relief Act Shortfalls on the REMIC I, REMIC II and REMIC III shall be allocated on each Distribution DateDate among the REMIC I, REMIC II and REMIC III in the proportion that Net Prepayment Interest Shortfalls and Relief Act Shortfalls are allocated to the related Master REMIC Regular Interests.

Allocation of Certain Interest Shortfalls. For purposes of calculating the Interest Distribution Amount for the Class A Senior Certificates, the Class M Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, fourth, the Interest Distribution Amount payable to the Class A Senior Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Senior Certificates and the Class M Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover Amounts paid to the Class A Senior Certificates and the Class M Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date.

Allocation of Certain Interest Shortfalls. For purposes of calculating the Interest Distribution Amount for the Class A Certificates, the Class M Mezzanine Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Interest Distribution Amount on payable to the related Distribution DateClass CE Certificates, third, reduce the Interest Distribution Amount payable to each Class of Class M Mezzanine Certificates in reverse order of payment priority, priority and fourth, reduce the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Mezzanine Certificates and Net WAC Rate Carryover Amounts paid to the Class A Certificates and the Class M Mezzanine Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of one month’s interest at the related Interest Distribution Amount for such Distribution Datethen applicable Pass-Through Rate on the Certificate Principal Balance.

Allocation of Certain Interest Shortfalls. For purposes of calculating the Interest Distribution Amount for the Class A Senior Certificates, the Class M Mezzanine Certificates and the Class CE Certificates for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Mezzanine Certificates in reverse order of payment priority, fourth, the Interest Distribution Amount payable to the Class A Senior Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Senior Certificates and the Mezzanine Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Mezzanine Certificates and Net WAC Rate Carryover Amounts paid to the Class A Senior Certificates and the Class M Mezzanine Certificates on any Distribution Date shall be allocated to the Class CE Certificates to the extent of the related Interest Distribution Amount for such Distribution Date.

Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Accrued Certificate Interest and the amount of the Interest Distribution Amount for the each Class A Certificates, the Class M of REMIC III Regular Certificates (and the Class CE Certificates amount of Uncertificated Accrued Interest with respect to any REMIC I Regular Interest (other than REMIC I Regular Interest A) or any REMIC II Regular Interest (other than REMIC II Regular Interest A)) for any Distribution Date, (1) the aggregate amount of any Prepayment Interest Shortfalls and Curtailment Interest Shortfalls (to the extent not covered by payment payments by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall first, reduce the Net Monthly Excess Cashflow for such Distribution Date, second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, fourth, the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior Interest Distribution Amounts before such reduction), (23.24) and any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount incurred in respect of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover Amounts paid to the Class A Certificates and the Class M Certificates on Mortgage Loans for any Distribution Date shall be allocated to among the Class CE REMIC III Regular Certificates on a PRO RATA basis based on, and to the extent of, one month's interest at the then applicable respective Pass-Through Rate on the respective Class Certificate Balance or Class Notional Amount, as the case may be, of each such Certificate. Notwithstanding the foregoing, on any Distribution Date, the amount of any Prepayment Interest Shortfalls or Relief Act Interest Shortfalls so allocated to any of the related Interest Distribution Amount for REMIC III Regular Certificates shall be paid to the holders of such REMIC III Regular Certificates prior to any distributions on such Distribution DateDate to the holders of the Residual Certificates.

Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of the REMIC Monthly Interest Distribution Distributable Amount for the Class A Certificates, the Class M Mezzanine Certificates and the Class CE AIO Certificates for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and Curtailment Interest any Relief Act Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first to the extent not covered by payment by the related Servicer pursuant to the related Servicing Agreement or the Master Servicer pursuant to Section 3.21 shall firstExcess Cashflow, reduce the Net Monthly Excess Cashflow for such Distribution Date, and second, reduce the Overcollateralization Amount on the related Distribution Date, third, reduce the Interest Distribution Amount payable to each Class of Class M Certificates in reverse order of payment priority, fourth, the Interest Distribution Amount payable to the Class A Certificates (on a pro rata basis based on their respective Senior on, and to the extent of, the gross REMIC Monthly Interest Distribution Amounts before Distributable Amount for each such reduction)Class, among the Class A Certificates, the Mezzanine Certificates and the Class AIO Certificates and (2) any Relief Act Interest Shortfalls on the Loans shall be allocated to the Certificates on a pro rata basis based on their respective Interest Distribution Amounts before such reduction, and (3) the aggregate amount of the interest portion of Realized Losses allocated to the Class M Certificates and Net WAC Rate Carryover any Available Funds Cap Carryforward Amounts paid to the Class A Certificates and the Class M Certificates on incurred for any Distribution Date shall be allocated to the Class CE AIO Certificates to the extent of the related gross REMIC Monthly Interest Distribution Distributable Amount for such that Class, after deduction of any Net Prepayment Interest Shortfalls and any Relief Act Shortfalls. All Net Prepayment Interest Shortfalls and Relief Act Shortfalls on the REMIC I, REMIC II and REMIC III shall be allocated on each Distribution DateDate among the REMIC I, REMIC II and REMIC III in the proportion that Net Prepayment Interest Shortfalls and Relief Act Shortfalls are allocated to the related Master REMIC Regular Interests.