Common use of Distributions on the REMIC Regular Interests Clause in Contracts

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1-A to REMIC 1-B on account of the REMIC 1-A Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R-II Certificates (in respect of the Class R-1A Interest), as the case may be: With respect to the Group I Mortgage Loans: (1) Interest shall be payable to the REMIC 1-A Regular Interests at the Uncertificated REMIC 1-A Pass-Through Rate for each such REMIC 1-A Regular Interest on the related Uncertificated Principal Balance. (2) Distributions of principal shall be deemed to be made from amounts received on the Group I Mortgage Loans in the same manner and priority that such amounts are distributed on the Group I Certificates. All Prepayment Charges in respect of the Group I Mortgage Loans shall be distributed to REMIC I Regular Interest LT-P. (3) Any remaining amounts shall be distributed to the Class R-I Certificates in respect of the Class R-1A Interest. All Prepayment Charges in respect of the Group II Mortgage Loans shall be distributed to the Class P-2 Interest.

Distributions on the REMIC Regular Interests. (a) On each Distribution Date, the following amounts, in the following order of priority, shall be distributed by REMIC 1-A 1 to REMIC 1-B 2 on account of the REMIC 1-A 1 Regular Interests or withdrawn from the Distribution Account and distributed to the Holders of the Class R-II Certificates (in respect of the Class R-1A Interest)R Certificates, as the case may be: With respect to the Group I Mortgage Loans: (1) Interest shall be payable to the REMIC 1-A 1 Regular Interests at the Uncertificated REMIC 1-A 1 Pass-Through Rate for each such REMIC 1-A 1 Regular Interest on the related Uncertificated Principal Balance; provided however, (i) to the extent that any Net Deferred Interest is allocated to the Corresponding Certificates, the Uncertificated Principal Balances of the REMIC 1 Regular Interests shall be increased by such amount and (ii) to the extent any Net Deferred Interest is allocated to the Class X-P Certificates, the Uncertificated Principal Balances of the REMIC Regular Interests shall be increased, pro rata, by such amount. (2) Distributions of principal shall be deemed to be made from amounts received on the Group I Mortgage Loans to the REMIC 1 Regular Interests in the same manner and priority that such amounts as payments are distributed on made to the Group I Corresponding Certificates. All Prepayment Charges in respect of the Group I Mortgage Loans shall be distributed to REMIC I Regular Interest LT-P.; and (3) Any remaining amounts shall be distributed to the Class R-I R Certificates (in respect of the Class R-1A R-1 Interest. All Prepayment Charges in respect of the Group II Mortgage Loans shall be distributed to the Class P-2 Interest).