Common use of Principal Distributions Clause in Contracts

Principal Distributions. (i) with respect to each Distribution Date (x) before the Stepdown Date or (y) if a Trigger Event is in effect, distributions in respect of principal, as follows: (1) the Group I Principal Distribution Amount for such Distribution Date, concurrently, to the Class 1A-1 and Class 1A-2 Certificates, pro rata, until their respective Class Certificate Balances have been reduced to zero; and (2) from any remaining Group I Principal Distribution Amount, sequentially, to the Class 2A-1, Class 2A-2, Class 2A-3 and Class 2A-4 Certificates (after the distribution of the Group II Principal Distribution Amount as provided in clause (b)(i)(B)(1) below), in that order, until their respective Class Certificate Balances have been reduced to zero; provided, however, that with respect to distributions on any Distribution Date pursuant to this clause (b)(i)(A)(2) on which the aggregate Class Certificate Balance of the Subordinated Certificates has been reduced to zero and the Overcollateralization Amount for such Distribution Date is equal to or less than zero, any remaining Group I Principal Distribution Amount for that Distribution Date to be distributed to the Group II Certificates shall be distributed, concurrently, to the Class 2A-1, Class 2A-2, Class 2A-3 and Class 2A-4 Certificates, pro rata, based on their respective Class Certificate Balances;

Principal Distributions. (i) with respect to each Distribution Date (x) before the Stepdown Date or (y) if a Trigger Event is in effect, distributions in respect of principal, as follows: (1) the Group I Principal Distribution Amount for such Distribution Date, concurrently, to the Class 1A-1 and Class 1A-2 Certificates, pro rata, until their respective Class Certificate Balances have been reduced to zero; and (2) from any remaining Group I Principal Distribution Amount, sequentially, to the Class 2A-1, Class 2A-2, 2A-2 and Class 2A-3 and Class 2A-4 Certificates (after the distribution of the Group II Principal Distribution Amount as provided in clause (b)(i)(B)(1) below), in that order, until their respective Class Certificate Balances have been reduced to zero; provided, however, that with respect to distributions on any Distribution Date pursuant to this clause (b)(i)(A)(2) on which the aggregate Class Certificate Balance of the Subordinated Certificates has been reduced to zero and the Overcollateralization Amount for such Distribution Date is equal to or less than zero, any remaining Group I Principal Distribution Amount for that Distribution Date to be distributed to the Group II Certificates shall be distributed, concurrently, to the Class 2A-1, Class 2A-2, 2A-2 and Class 2A-3 and Class 2A-4 Certificates, pro rata, based on their respective Class Certificate Balances;