Common use of Principal if no Cross-Over Situation Exists Clause in Contracts

Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Lower Tier REMIC Interests, Principal Amounts arising with respect to each Loan Group will be allocated: first to cause the Loan Group’s corresponding Class A and Class B Lower Tier REMIC Interests to equal, respectively, 0.9% of the Subordinated Portion and 0.1% of the Subordinated Portion; and second to the Loan Group’s corresponding Class C Lower Tier REMIC Interest;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2007-Hy5)

Principal if no Cross-Over Situation Exists. If no Cross-Over Situation exists with respect to any Class of Lower Tier REMIC Interests, Principal Amounts principal amounts arising with respect to each Loan Group will be allocated: first to cause the Loan Group’s corresponding Class A “LTR-A” and Class B “LTR-B” Lower Tier REMIC Interests to equal, respectively, 0.9% of the Subordinated Portion and 0.1% of the Subordinated Portion; and second to the Loan Group’s corresponding Class C “LTR-C” Lower Tier REMIC Interest;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2007-Hy1)