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

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Group 1 Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class 1-M5, Class 1-M4, Class 1-M3, Class 1-M2, Class 1-M1 and Class 1-A3 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, concurrently, pro rata, to the Subgroup 1-1 Certificates and Subgroup 1-2 Certificates: (a) to reduce the Class Principal Balances of the Class 1-1A2 and Class 1-1A1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero and (b) to reduce the Class Principal Balances of the Class 1-2A2 and Class 1-2A1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Group 1 Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class 1-M5M-8, Class 1-M4M-7, Class 1-M3M-6, Class 1-M2M-5, Class 1-M1 M-4, Class M-3, Class M-2 and Class 1-A3 M-1 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero zero, second, to reduce the Class Principal Balance of the Class A-4 Certificates, until its Class Principal Balance is reduced to zero; and secondthird, concurrently, pro rata, to the Subgroup 1-1 Certificates and Subgroup 1-2 Certificates: (a) to reduce the Class Principal Balances of the Class 1-1A2 A-1, Class A-2 and Class 1-1A1 A-3 Certificates, in that order, until their respective pro rata based on Class Principal Balances are reduced to zero and (b) to reduce the Class Principal Balances of the Class 1-2A2 and Class 1-2A1 Certificates, in that orderBalance, until their respective Class Principal Balances are reduced to zero.

Application of Applied Realized Loss Amounts. On each Distribution Date, the Trust Administrator shall allocate any Group 1 2 Applied Realized Loss Amount, first, to reduce the Class Principal Balances of the Class 12-M6, Class 2-M5, Class 12-M4, Class 12-M3, Class 12-M2, M2 and Class 12-M1 and Class 1-A3 Certificates, sequentially, in that order, in each case until their respective Class Principal Balances are reduced to zero and second, concurrently, pro rata, to the Subgroup 12-1 Certificates and Subgroup 12-2 Certificates: (a) to reduce the Class Principal Balances of the Class 12-1A2 and Class 12-1A1 Certificates, in that order, until their respective Class Principal Balances are reduced to zero and (b) first, to reduce the Class Principal Balances of the Class 12-2A2 A-6 Certificates, until its Class Principal Balance is reduced to zero; and second, concurrently, to reduce the Class Principal Balances of the Class 2-2A1, Class 2-2A2, Class 2-2A3, Class 2-2A4 and Class 12-2A1 2A5 Certificates, in that orderpro rata based on Class Principal Balance, until their respective Class Principal Balances are reduced to zero.