Common use of Realized Losses Allocable to Interest Clause in Contracts

Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated to the Certificates, pro rata, on the basis of Accrued Certificate Interest, to each Class of REMIC 1 Regular Interests (other than the Class A-P Certificates); provided that the interest portion of any Realized Losses allocated to the Subordinate Interests as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests in reverse order of seniority.

Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated to the Certificates, pro rata, on the basis of Accrued Certificate Interest, to each Class of REMIC 1 Regular Interests Certificates (other than the Class R and Class A-P Certificates); provided that the interest portion of any Realized Losses allocated to the Subordinate Interests Certificates as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests Certificates in reverse order of seniority.

Realized Losses Allocable to Interest. On each Distribution Date, the portion of each Realized Loss on a Mortgage Loan that exceeds the outstanding principal amount of such Mortgage Loan shall be allocated to the Certificates, pro rata, on the basis of Accrued Certificate Interest, to each Class of REMIC 1 Regular Interests Certificates (other than the Class A-P Certificates); provided that the interest portion of any Realized Losses allocated to the Subordinate Interests Certificates as provided in this Section 3.02(b) shall be allocated to such Subordinate Interests Certificates in reverse order of seniority.