Common use of Allocation of Deferred Interest Clause in Contracts

Allocation of Deferred Interest. For any Distribution Date, the Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class A-X Certificates, the IO Component) in proportion to the excess, if any, for each such Class or IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Deferred Interest allocable to a Class of Certificates (other than the Class A-X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class A-X Certificates and each Distribution Date, any amount of Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class A-X Certificates on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the PO-1 and PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Group.

Allocation of Deferred Interest. For (a) On or prior to the latest Determination Date in each month, the Securities Administrator shall determine the amount of any Deferred Interest in respect of the Mortgage Loan that occurred during the immediately preceding calendar month. (b) With respect to any Distribution Date, the any Deferred Interest on the with respect to a Mortgage Loans Loan will be allocated among to increase the Classes of Certificates (or, with respect to the Class A-X Certificates, the IO Component) in proportion to the excess, if any, for each such Class or IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Deferred Interest allocable to a Class of Certificates (other than the Class A-X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such each of the Class of Certificates. With respect A-1, Class A-2, Class M-1, Class M-2 and Class B Certificate▇ ▇▇ ▇▇▇ ▇▇▇▇▇wing manner: (i) to the Class A-X A-1 Certificates and each Distribution Date, any amount of Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class A-X A-2 Certificates (PRO RATA, based on the Certificate Principal Balance of each such Distribution Date will be added as principal Class) in an amount equal to the outstanding Component Principal Balances of the PO-1 and PO-2 Components based upon the amount of Deferred Interest attributable times (x) the aggregate Certificate Principal Balance of the Class A Certificates over (y)the aggregate Stated Principal Balance of the Mortgage Loans; and (ii) all remaining amounts of Deferred Interest not allocated to the Mortgage Loans Class A Certificates, pursuant to clause (i) above, to the then outstanding Classes of Subordinate Certificates, PRO RATA, based upon the Current Principal Amount of each such Class. (c) On each Distribution Date on which the Current Principal Amount of a Class of Certificates is increased by Deferred Interest in accordance with Section 5.04B(b) above, the related Loan Groupinterest otherwise paid to such Class shall be decreased by an equivalent amount.

Allocation of Deferred Interest. For (a) On or prior to the latest Determination Date in each month, the Securities Administrator shall determine the amount of any Deferred Interest in respect of each Group 1 Mortgage Loan that occurred during the immediately preceding calendar month. (b) With respect to any Distribution Date, the any Deferred Interest on the with respect to a Group 1 Mortgage Loans Loan will be allocated among to increase the Classes Current Principal Amount of the Class I-A Certificates and the Subordinate Certificates in the following manner: (ori) to the Class I-A Senior Certificates in an amount equal to the amount, if any, of Deferred Interest with respect to the Group 1 Mortgage Loans times (x) the aggregate Current Principal Amount of the Class AI-X A Certificates, over (y) the IO Componentaggregate Scheduled Principal Balances of all of the Group 1 Mortgage Loans; and (ii) in proportion all remaining amounts of Deferred Interest not allocated to the excessClass I-A Certificates, if any, for each such Class or IO Component of pursuant to clause (i) above, to the Monthly Interest Distributable then outstanding Classes of Subordinate Certificates, pro rata, based upon the Current Principal Amount accrued at the Pass-Through Rate for of each such Class, over (ii) and from and after the Cross-Over Date, the entire amount of any Deferred Interest to the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. I-A Certificates. (c) On each Distribution Date, any amount Date on which the Current Principal Amount of Deferred Interest allocable to a Class of Certificates (other than is increased by Deferred Interest in accordance with Section 6.06(b) above, the Class A-X Certificates) on such Distribution Date will be added as Principal interest otherwise paid to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class A-X Certificates and each Distribution Date, any amount of Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class A-X Certificates on such Distribution Date will shall be added as principal to the outstanding Component Principal Balances of the PO-1 and PO-2 Components based upon the amount of Deferred Interest attributable to the Mortgage Loans in the related Loan Groupdecreased by an equivalent amount.

Allocation of Deferred Interest. (a) For any Distribution Date, the Deferred Interest on the Mortgage Loans in a Loan Group will be allocated among the related Classes of Certificates (or, with respect to the Class A-X X-2 Certificates, the Class A-X-2 IO Component) in proportion pursuant to the excess, if any, for each such Class or IO Component of clause (ic) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over below. (iib) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Deferred Interest allocable to a Class of Certificates (other than the Class A-X X-2 Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class A-X X-2 Certificates and each Distribution Date, any amount of Deferred Interest in a Loan Group added to the Principal Balances principal balances of the related Mortgage Loans that is allocated to the IO Component of the Class A-X Certificates X-2 IO Component on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the Class A-X-2 PO-1 and Class A-X-2 PO-2 Components Components, as applicable. (c) For any Distribution Date and Class of Certificates, the Deferred Interest on the Mortgage Loans will be allocated in the following priority, in each case to the extent of the Class Optimal Interest Distribution Amount (prior to any reduction for Deferred Interest) for such Class for that Distribution Date: first, to the Class A-X-2 Certificates; second, to the Classes of Subordinated Certificates, in the reverse order of their numerical class designations (beginning with the Class of Subordinated Certificates then outstanding with the highest numerical class designation); and third, concurrently, to the Class 1-A-1 and Class 2-A-1 Certificates, pro rata, based upon the amount of Deferred Interest attributable to the Group 1 and Group 2 Mortgage Loans in the related Loan GroupLoans, respectively.

Allocation of Deferred Interest. For (a) On or prior to the latest Determination Date in each month, the Securities Administrator shall determine the amount of any Deferred Interest in respect of each Mortgage Loan that occurred during the immediately preceding calendar month. (b) With respect to any Distribution Date, the any Deferred Interest on the with respect to a Mortgage Loans Loan will be allocated among to increase the Classes of Certificates (or, with respect to the Class A-X Certificates, the IO Component) in proportion to the excess, if any, for each such Class or IO Component of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Deferred Interest allocable to a Class of Certificates (other than the Class A-X Certificates) on such Distribution Date will be added as Principal to the outstanding Class Certificate Principal Balance of such each of the Class of Certificates. With respect A-1, Class A-2, Class M-1, Class M-2 and Class B Certificates in ▇▇▇ ▇▇▇▇▇▇▇▇▇ manner: (i) to the Class A-X A-1 Certificates and each Distribution Date, any amount of Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class A-X A-2 Certificates (PRO RATA, based on the Certificate Principal Balance of each such Distribution Date will be added as principal Class) in an amount equal to the outstanding Component Principal Balances of the PO-1 and PO-2 Components based upon the amount of Deferred Interest attributable times (x) the aggregate Certificate Principal Balance of the Class A Certificates over (y)the aggregate Stated Principal Balance of the Mortgage Loans; and (ii) all remaining amounts of Deferred Interest not allocated to the Mortgage Loans Class A Certificates, pursuant to clause (i) above, to the then outstanding Classes of Subordinate Certificates, PRO RATA, based upon the Current Principal Amount of each such Class. (d) On each Distribution Date on which the Current Principal Amount of a Class of Certificates is increased by Deferred Interest in accordance with Section 5.04B(b) above, the related Loan Groupinterest otherwise paid to such Class shall be decreased by an equivalent amount.

Allocation of Deferred Interest. (a) For any Distribution Date, the Deferred Interest on the Mortgage Loans in a Loan Group will be allocated among the related Classes of Certificates (or, with respect to the Class A-X X-2 Certificates, the Class A-X-2 IO Component) in proportion pursuant to the excess, if any, for each such Class or IO Component of clause (ic) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over below. (iib) the amount of the Monthly Interest Distributable Amount for such Class or Component calculated at the applicable Adjusted Cap Rate for such Class or Component. On each Distribution Date, any amount of Deferred Interest allocable to a Class of Certificates (other than the Class A-X X-2 Certificates) on such Distribution Date will be added as Principal principal to the outstanding Class Certificate Principal Balance of such Class of Certificates. With respect to the Class A-X X-2 Certificates and each Distribution Date, any amount of Deferred Interest in a Loan Group added to the Principal Balances of the related Mortgage Loans that is allocated to the IO Component of the Class A-X Certificates X-2 IO Component on such Distribution Date will be added as principal to the outstanding Component Principal Balances of the Class A-X-2 PO-1 and Class A-X-2 PO-2 Components Components, as applicable. (c) For any Distribution Date and Class of Certificates, the Deferred Interest on the Mortgage Loans will be allocated in the following priority, in each case to the extent of the Class Optimal Interest Distribution Amount (prior to any reduction for Deferred Interest) for such Class for that Distribution Date: first, to the Class A-X-2 Certificates; second, to the Classes of Subordinated Certificates, in the reverse order of their numerical class designations (beginning with the class of Subordinated Certificates then outstanding with the highest numerical class designation); and third, concurrently, to the Class 1-A-1 and Class 2-A-1 Certificates, pro rata, based upon the amount of Deferred Interest attributable to the Group 1 and Group 2 Mortgage Loans in the related Loan GroupLoans, respectively.