Common use of Application of Applied Realized Loss Amounts Clause in Contracts

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class M-10, Class M-9, Class M-8, Class M-7, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. Thereafter, (i) if the aggregate Class Certificate Balance of the Group 1 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 1 Mortgage Loans, the amount of that excess will be allocated, sequentially, to the Class 1-A-1B and Class 1-A-1A Certificates, in that order, until their respective Class Certificate Balances are reduced to zero; and (ii) if the aggregate Class Certificate Balance of the Group 2 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 2 Mortgage Loans, sequentially, to the Class 2-A-1C, Class 2-A-1B and Class 2-A-1A Certificates, in that order, until their respective Class Certificate Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trustee shall allocate the Applied Realized Loss Amount to reduce the Class Certificate Balances of the Subordinated Certificates, sequentially, to the Class M-10, Class M-9, Class M-8, Class M-7, Class M-6▇-▇, Class M-5▇▇▇▇▇ ▇-▇, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order, until their respective Class Certificate Balances are reduced to zero. Thereafter, (i) if the aggregate Class Certificate Balance of the Group 1 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 1 Mortgage Loans, the amount of that excess will be allocated, sequentiallyallocated in the following priority: first, to the Class 1-A-1B A-3A and Class 1-A-1A A-3B Certificates, in that orderpro rata, until their respective Class Certificate Balances are reduced to zero; and (ii) if the aggregate Class Certificate Balance of the Group 2 Senior Certificates exceeds the aggregate Stated Principal Balance of the Group 2 Mortgage Loans, sequentiallysecond, to the Class 21-A-1CA-2 Certificates, until its Class 2Certificate Balance is reduced to zero; and third, to the Class 1-A-1A and Class 1-A-1B and Class 2-A-1A Certificates, in that orderpro rata, until their respective Class Certificate Balances are reduced to zero.; and