REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the REMIC II Regular Interests in the amounts and in the manner as will be allocated to the Corresponding Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] and Class [X-2] Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1, REMIC II Regular Interest A-1-2, REMIC II Regular Interest A-1-3, REMIC II Regular Interest A-1A-1, REMIC II Regular Interest A-1A-2, REMIC II Regular Interest A-1A-3, REMIC II Regular Interest A-1A-4, REMIC II Regular Interest A-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Corresponding Component relating to such REMIC II Regular Interest.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc.), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc)
REMIC II. (a) On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Paying Agent shall be allocated deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the Corresponding Class A-1 Certificates, Class A-2 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated Class X-2 Certificates to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] and Class [X-2] Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1A-1A, REMIC II Regular Interest A-1-2A-1B, REMIC II Regular Interest A-1-3A-1C, REMIC II Regular Interest A-1A-1A-1D, REMIC II Regular Interest A-1A-2A-1E, REMIC II Regular Interest A-1A-3A-1F, REMIC II Regular Interest A-1A-4A-2A, REMIC II Regular Interest A-1A-5A-2B, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-JA-2C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest EE-1, REMIC II Regular Interest F-1E-2, REMIC II Regular Interest F-2F, REMIC II Regular Interest G, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest NN and REMIC II Regular Interest O, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1A, REMIC II Regular Interest O A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-1F, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B and REMIC II Regular Interest PA-2C, which reduction shall be allocated pro rata based on the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, the product of (a) the Certificate Balance of such REMIC II Regular Interest and (b) one-twelfth of the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-1F, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B and REMIC II Regular Interest A-2C, in reduction of the Certificate Balances thereof, in an amount up to the Corresponding Component relating Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1A until the Certificate Balance of REMIC II Regular Interest A-1A is reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1A, to the REMIC II Regular Interest A-1B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A), until the Certificate Balance of the REMIC II Regular Interest A-1B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1B, to the REMIC II Regular Interest A-1C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A and A-1B), until the Certificate Balance of the REMIC II Regular Interest A-1C has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1C, to the REMIC II Regular Interest A-1D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, and A-1C), until the Certificate Balance of the REMIC II Regular Interest A-1D has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1D, to the REMIC II Regular Interest A-1E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-1D), until the Certificate Balance of the REMIC II Regular Interest A-1E has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1E, to the REMIC II Regular Interest A-1F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-1E), until the Certificate Balance of the REMIC II Regular Interest A-1F has been reduced to zero and (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-1F), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2B, to the REMIC II Regular Interest A-2C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, A-2A and A-2B), until the Certificate Balance of the REMIC II Regular Interest A-2C has been reduced to zero;
(iii) to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-1F, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iii), to reimburse any Realized Interest Losses previously allocated to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-1F, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1 REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, in the case of all such Interests other than the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-1E, REMIC II Regular Interest A-1F, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B and REMIC II Regular Interest A-2C, as a result of the allocation of Realized Losses to the Class X Certificates and in the case of all such Interests, inclusive of one month's interest at the applicable Pass-Through Rate on such Realized Interest Losses;
(iv) to the REMIC II Regular Interest B-1 and REMIC II Regular Interest B-2, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interest.Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2C, to the REMIC II Regular Interest B-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-1, to the REMIC II Regular Interest B-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-2 has been reduced to zero;
(vi) to the REMIC II Regular Interest B-1 and REMIC II Regular Interest B-2, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus one month's interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(vii) to the REMIC II Regular Interest C-1, REMIC II Regular Interest C-2 and REMIC II Regular Interest C-3, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-2, to the REMIC II Regular Interest C-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-1, to the REMIC II Regular Interest C-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-2 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-2, to the REMIC II Regular Interest C-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-3 has been reduced to zero;
(ix) to the REMIC II Regular Interest C-1, REMIC II Regular Interest C-2 and REMIC II Regular Interest C-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus one month's interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(x) to the REMIC II Regular Interest D-1 and REMIC II Regular Interest D-2, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-3, to the REMIC II Regular Interest D-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest D-1, to the REMIC II Regular Interest D-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D-2 has been reduced to zero;
(xii) to the REMIC II Regular Interest D-1 and REMIC II Regular Interest D-2, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus one month's interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(xiii) to the REMIC II Regular Interest E-1 and REMIC II Regular Interest E-2, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D-2, to the REMIC II Regular Interest E-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest E-1, to the REMIC II Regular Interest E-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E-2 has been reduced to zero;
(xv) to the REMIC II Regular Interest E-1 and REMIC II Regular Interest E-2, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus one month's interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(xvi) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E-2, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zero;
(xviii) to the REMIC II Regular Interest F, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus one month's interest at the applicable Pass-Through Rate on such Realized Losses;
(xix) to the REMIC II Regular Interest G, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date to the extent not distributed pursuant to clause (i) above;
(xx) upon payment in full of the Certificate Balance of the REMIC II Regular Interest F, to the REMIC II Regular Interest G, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest G has been reduced to zero;
(xxi) to the REMIC II Regular Interest G, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus one month's interest at the applicable Pass-Through Rate on such Realized Losses;
(xxii) to the REMIC II Regul
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Ser 2003 Top9), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Ser 2003 Top9)
REMIC II. (a) On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Paying Agent shall be allocated deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the Corresponding Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated Class X-2 Certificates to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] and Class [X-2] Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1A-1A, REMIC II Regular Interest A-1-2A-1B, REMIC II Regular Interest A-1-3A-1C, REMIC II Regular Interest A-1A-1A-2A, REMIC II Regular Interest A-1A-2A-2B, REMIC II Regular Interest A-1A-3A-2C, REMIC II Regular Interest A-1A-4A-2D, REMIC II Regular Interest A-1A-5A-3A, REMIC II Regular Interest A-1A-6A-3B, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-JA-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest D-3, REMIC II Regular Interest E, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G, REMIC II Regular Interest H-1H, REMIC II Regular Interest H-2J-1, REMIC II Regular Interest JJ-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, which reduction shall be allocated pro rata based on divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest A-4C, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest D-3, REMIC II Regular Interest E, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, the product of (a) the Certificate Balance of such REMIC II Regular Interest and (b) one-twelfth of the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest A-4C, in reduction of the Certificate Balances thereof, in an amount up to the Corresponding Component relating Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1A until the Certificate Balance of REMIC II Regular Interest A-1A is reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1A, to the REMIC II Regular Interest A-1B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A), until the Certificate Balance of the REMIC II Regular Interest A-1B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1B, to the REMIC II Regular Interest A-1C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A and A-1B), until the Certificate Balance of the REMIC II Regular Interest A-1C has been reduced to zero; (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B and A-1C), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2B, to the REMIC II Regular Interest A-2C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ ▇▇▇ ▇-▇▇), until the Certificate Balance of the REMIC II Regular Interest A-2C has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2C, to the REMIC II Regular Interest A-2D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2C), until the Certificate Balance of the REMIC II Regular Interest A-2D has been reduced to zero; (C) third, to the REMIC II Regular Interest A-3A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2D), until the Certificate Balance of the REMIC II Regular Interest A-3A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3A, to the REMIC II Regular Interest A-3B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-3A), until the Certificate Balance of the REMIC II Regular Interest A-3B has been reduced to zero; and (D) fourth, to the REMIC II Regular Interest A-4A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, A-3A and A-3B), until the Certificate Balance of the REMIC II Regular Interest A-4A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4A, to the REMIC II Regular Interest A-4B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-4A), until the Certificate Balance of the REMIC II Regular Interest A-4B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4B, to the REMIC II Regular Interest A-4C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, A-4A and A-4B), until the Certificate Balance of the REMIC II Regular Interest A-4C has been reduced to zero;
(iii) to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest D-3, REMIC II Regular Interest E, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iii), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest D-3, REMIC II Regular Interest E, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G, REMIC II Regular Interest H, REMIC II Regular Interest J-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, but in the case of all such Interests other than the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest A-4C, only as a result of the allocation of Realized Losses to the Class X Certificates and in the case of all such Interests, inclusive of accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(iv) to the REMIC II Regular Interest B-1, REMIC II Regular Interest B-2 and REMIC II Regular Interest B-3, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interest.Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4C, to the REMIC II Regular Interest B-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-1, to the REMIC II Regular Interest B-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-2 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-2, to the REMIC II Regular Interest B-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-3 has been reduced to zero;
(vi) to the REMIC II Regular Interest B-1, REMIC II Regular Interest B-2 and REMIC II Regular Interest B-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(vii) to the REMIC II Regular Interest C-1 and REMIC II Regular Interest C-2, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-3, to the REMIC II Regular Interest C-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-1, to the REMIC II Regular Interest C-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-2 has been reduced to zero;
(ix) to the REMIC II Regular Interest C-1 and REMIC II Regular Interest C-2, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(x) to the REMIC II Regular Interest D-1, REMIC II Regular Interest D-2 and REMIC II Regular Interest D-3, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-2, to the REMIC II Regular Interest D-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest D-1, to the REMIC II Regular Interest D-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D-2 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest D-2, to the REMIC II Regular Interest D-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D-3 has been reduced to zero;
(xii) to the REMIC II Regular Interest D-1, REMIC II Regular Interest D-2 and REMIC II Regular Interest D-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(xiii) to the REMIC II Regular Interest E, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D-3, to the REMIC II Regular Interest E, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stan Dean Wit Cap Com Mort Ps THR CRTS Ser 2003-Top13)
REMIC II. (a) On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Paying Agent shall be allocated deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the Corresponding Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated Class X-2 Certificates to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] and Class [X-2] Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1A-1A, REMIC II Regular Interest A-1-2A-1B, REMIC II Regular Interest A-1-3A-1C, REMIC II Regular Interest A-1A-1A-2A, REMIC II Regular Interest A-1A-2A-2B, REMIC II Regular Interest A-1A-3A-2C, REMIC II Regular Interest A-1A-4A-3A, REMIC II Regular Interest A-1A-5A-3B, REMIC II Regular Interest A-1A-6A-3C, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-JA-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1C-3, REMIC II Regular Interest D-2D, REMIC II Regular Interest EE-1, REMIC II Regular Interest F-1E-2, REMIC II Regular Interest F-2F, REMIC II Regular Interest GG-1, REMIC II Regular Interest H-1G-2, REMIC II Regular Interest H-2H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest NN and REMIC II Regular Interest O, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1A, REMIC II Regular Interest O A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest PA-4C, which reduction shall be allocated pro rata based on the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, the product of (a) the Certificate Balance of such REMIC II Regular Interest and (b) one-twelfth of the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A. REMIC II Regular Interest A-4B and REMIC II Regular Interest A-4C, in reduction of the Certificate Balances thereof, in an amount up to the Corresponding Component relating Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1A until the Certificate Balance of REMIC II Regular Interest A-1A is reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1A, to the REMIC II Regular Interest A-1B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A), until the Certificate Balance of the REMIC II Regular Interest A-1B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1B, to the REMIC II Regular Interest A-1C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A and A-1B), until the Certificate Balance of the REMIC II Regular Interest A-1C has been reduced to zero; (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B and A-1C), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2B, to the REMIC II Regular Interest A-2C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ ▇▇▇ ▇-▇▇), until the Certificate Balance of the REMIC II Regular Interest A-2C has been reduced to zero, (C) third, to the REMIC II Regular Interest A-3A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2C), until the Certificate Balance of the REMIC II Regular Interest A-3A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3A, to the REMIC II Regular Interest A-3B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-3A), until the Certificate Balance of the REMIC II Regular Interest A-3B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3B, to the REMIC II Regular Interest A-3C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ ▇▇▇ ▇-▇▇), until the Certificate Balance of the REMIC II Regular Interest A-3C has been reduced to zero; and (D) fourth, to the REMIC II Regular Interest A-4A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-3C), until the Certificate Balance of the REMIC II Regular Interest A-4A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4A, to the REMIC II Regular Interest A-4B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, A-3C and A-4A), until the Certificate Balance of the REMIC II Regular Interest A-4B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4B, to the REMIC II Regular Interest A-4C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, A-3C, A-4A and A-4B), until the Certificate Balance of the REMIC II Regular Interest A-4C has been reduced to zero;
(iii) to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iii), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, but in the case of all such Interests other than the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest A-4C, only as a result of the allocation of Realized Losses to the Class X Certificates and in the case of all such Interests, inclusive of accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(iv) to the REMIC II Regular Interest B-1, REMIC II Regular Interest B-2 and REMIC II Regular Interest B-3, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interest.Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4C, to the REMIC II Regular Interest B-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-1, to the REMIC II Regular Interest B-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-2 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-2, to the REMIC II Regular Interest B-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-3 has been reduced to zero;
(vi) to the REMIC II Regular Interest B-1, REMIC II Regular Interest B-2 and REMIC II Regular Interest B-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(vii) to the REMIC II Regular Interest C-1, REMIC II Regular Interest C-2 and REMIC II Regular Interest C-3, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-3, to the REMIC II Regular Interest C-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC
(ix) to the REMIC II Regular Interest C-1, REMIC II Regular Interest C-2 and REMIC II Regular Interest C-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(x) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-3, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(xiii) to the REMIC II Regular Interest E-1 and REMIC II Regular Interest E-2, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest E-1, to the REMIC II Regular Interest E-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E-2 has been reduced to zero;
(xv) to the REMIC II Regular Interest E-1 and REMIC II Regular Interest E-2, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus -141- accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(xvi) to the REMIC II Regular Interest F, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E-2, to the REMIC II Regular Interest F, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest F has been reduced to zer
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2004 HQ4)
REMIC II. (a) On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Paying Agent shall be allocated deemed to distribute to itself on behalf of the Trustee, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the Corresponding Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated Class X-2 Certificates to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] and Class [X-2] Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1A-1A, REMIC II Regular Interest A-1-2A-1B, REMIC II Regular Interest A-1-3A-1C, REMIC II Regular Interest A-1A-1A-1D, REMIC II Regular Interest A-1A-2A-2A, REMIC II Regular Interest A-1A-3A-2B, REMIC II Regular Interest A-1A-4A-3A, REMIC II Regular Interest A-1A-5A-3B, REMIC II Regular Interest A-1A-6A-3C, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-JA-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest EE-1, REMIC II Regular Interest F-1E-2, REMIC II Regular Interest F-2F, REMIC II Regular Interest G, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest NN and REMIC II Regular Interest O, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1A, REMIC II Regular Interest O A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest PA-4C, which reduction shall be allocated pro rata based on the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, the product of (a) the Certificate Balance of such REMIC II Regular Interest and (b) one-twelfth of the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest A-4C, in reduction of the Certificate Balances thereof, in an amount up to the Corresponding Component relating Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1A until the Certificate Balance of REMIC II Regular Interest A-1A is reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1A, to the REMIC II Regular Interest A-1B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A), until the Certificate Balance of the REMIC II Regular Interest A-1B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1B, to the REMIC II Regular Interest A-1C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A and A-1B), until the Certificate Balance of the REMIC II Regular Interest A-1C has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1C, to the REMIC II Regular Interest A-1D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B and A-1C), until the Certificate Balance of the REMIC II Regular Interest A-1D has been reduced to zero; (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C and A-1D), until the Certificate Balance ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇nterest A-2A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C, A-1D and A-2A), until the Certificate Ba▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇nterest A-2B has been reduced to zero; (C) third, to the REMIC II Regular Interest A-3A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C, A-1D, A-2A and A-2B), until the Certificate Balan▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇ ▇-3A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3A, to the REMIC II Regular Interest A-3B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C, A-1D, A-2A, A-2B and A-3A), until the Ce▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇nterest A-3B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-3B, to the REMIC II Regular Interest A-3C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C, A-1D, A-2A, A-2B, A-3A and A-3B), until the Certi▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇ular Interest A-3C has been reduced to zero; and (D) fourth, to the REMIC II Regular Interest A-4A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C, A-1D, A-2A, A-2B, A-3A, A-3B and A-3C), until the ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇nterest A-4A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4A, to the REMIC II Regular Interest A-4B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C, A-1D, A-2A, A-2B, A-3A, A-3B, A-3C and A-4A), unt▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ ▇▇ ▇▇▇▇▇▇▇ ▇nterest A-4B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4B, to the REMIC II Regular Interest A-4C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B, A-1C, A-1D, A-2A, A-2B, A-3A, A-3B, A-3C, A-4A and A-4B), ▇▇▇▇▇ ▇▇▇ ▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇ ▇▇ ▇▇▇ ▇▇▇▇▇ II Regular Interest A-4C has been reduced to zero;
(iii) to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interes A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iii), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest C-3, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F, REMIC II Regular Interest G, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N and REMIC II Regular Interest O, in the case of all such Interests other than the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-1D, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-3A, REMIC II Regular Interest A-3B, REMIC II Regular Interest A-3C, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B and REMIC II Regular Interest A-4C, as a result of the allocation of Realized Losses to the Class X Certificates and in the case of all such Interests, inclusive of accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(iv) to the REMIC II Regular Interest B-1, REMIC II Regular Interest B-2 and REMIC II Regular Interest B-3, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interest.Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4C, to the REMIC II Regular Interest B-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-1, to the REMIC II Regular Interest B-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-2 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-2, to the REMIC II Regular Interest B-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B-3 has been reduced to zero;
(vi) to the REMIC II Regular Interest B-1, REMIC II Regular Interest B-2 and REMIC II Regular Interest B-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(vii) to the REMIC II Regular Interest C-1, REMIC II Regular Interest C-2 and REMIC II Regular Interest C-3, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B-3, to the REMIC II Regular Interest C-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-1, to the REMIC II Regular Interest C-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-2 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-2, to the REMIC II Regular Interest C-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C-3 has been reduced to zero;
(ix) to the REMIC II Regular Interest C-1, REMIC II Regular Interest C-2 and REMIC II Regular Interest C-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(x) to the REMIC II Regular Interest D-1 and REMIC II Regular Interest D-2, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C-3, to the REMIC II Regular Interest D-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest D-1, to the REMIC II Regular Interest D-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D-2 has been reduced to zero;
(xii) to the REMIC II Regular Interest D-1 and REMIC II Regular Interest D-2, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(xiii) to the REMIC II Regular Interest E-1 and REMIC II Regular Interest E-2, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D-2, to the REMIC II Regular Interest E-1, the Principal Distribution Amount for such Distribution Date (reduced by
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Ii Inc)
REMIC II. (a) On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) Trustee shall be allocated deemed to distribute to itself, as holder of the REMIC II Regular Interests in Interests, for the amounts following purposes and in the manner as will be allocated following order of priority:
(i) an amount equal to Distributable Certificate Interest for the Corresponding Class A-1 Certificates, Class A-2 Certificates, Class A-3 Certificates, Class A-4 Certificates, Class X-1 Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated Class X-2 Certificates to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] and Class [X-2] Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1A-1A, REMIC II Regular Interest A-1-2A-1B, REMIC II Regular Interest A-1-3A-1C, REMIC II Regular Interest A-1A-1A-2A, REMIC II Regular Interest A-1A-2A-2B, REMIC II Regular Interest A-1A-3A-2C, REMIC II Regular Interest A-1A-4, REMIC II Regular Interest A-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2A-2D, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-JA-4C, REMIC II Regular Interest B-1A-4D, REMIC II Regular Interest B-2B, REMIC II Regular Interest B-3C, REMIC II Regular Interest C-1D, REMIC II Regular Interest C-2E-1, REMIC II Regular Interest D-1E-2, REMIC II Regular Interest D-2, REMIC II Regular Interest EE-3, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest GG-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J, REMIC II Regular Interest KK-1, REMIC II Regular Interest K-2, REMIC II Regular Interest L, REMIC II Regular Interest MM-1, REMIC II Regular Interest M-2, REMIC II Regular Interest N, REMIC II Regular Interest O and O, REMIC II Regular Interest P, which reduction shall be allocated pro rata based on REMIC II Regular Interest Q and REMIC II Regular Interest S, divided among such REMIC II Regular Interests in proportion to (A) in the case of the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C and REMIC II Regular Interest A-4D, the Accrued Certificate Interest for such Distribution Date and (B) in the case of REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest E-3, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J, REMIC II Regular Interest K-1, REMIC II Regular Interest K-2, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P, REMIC II Regular Interest Q and REMIC II Regular Interest S, the product of (a) the Certificate Balance of such REMIC II Regular Interest and (b) one-twelfth of the sum of the related Class X-1 Strip Rate and the related Class X-2 Strip Rate (if any);
(ii) applicable to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C and REMIC II Regular Interest A-4D, in reduction of the Certificate Balances thereof, in an amount up to the Corresponding Component relating Principal Distribution Amount for such Distribution Date: (A) first, to the REMIC II Regular Interest A-1A until the Certificate Balance of REMIC II Regular Interest A-1A is reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1A, to the REMIC II Regular Interest A-1B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A), until the Certificate Balance of the REMIC II Regular Interest A-1B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-1B, to the REMIC II Regular Interest A-1C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A and A-1B), until the Certificate Balance of the REMIC II Regular Interest A-1C has been reduced to zero; (B) second, to the REMIC II Regular Interest A-2A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest A-1A, A-1B and A-1C), until the Certificate Balance of the REMIC II Regular Interest A-2A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2A, to the REMIC II Regular Interest A-2B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2A), until the Certificate Balance of the REMIC II Regular Interest A-2B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2B, to the REMIC II Regular Interest A-2C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ ▇▇▇ ▇-▇▇), until the Certificate Balance of the REMIC II Regular Interest A-2C has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-2C, to the REMIC II Regular Interest A-2D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2C), until the Certificate Balance of the REMIC II Regular Interest A-2D has been reduced to zero; (C) third, to the REMIC II Regular Interest A-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular ▇▇▇▇▇▇▇▇ ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-2D), until the Certificate Balance of the REMIC II Regular Interest A-3 has been reduced to zero; and (D) fourth, to the REMIC II Regular Interest A-4A, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇ and A-3), until the Certificate Balance of the REMIC II Regular Interest A-4A has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4A, to the REMIC II Regular Interest A-4B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇ and A-4A), until the Certificate Balance of the REMIC II Regular Interest A-4B has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4B, to the REMIC II Regular Interest A-4C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇, A-4A and A-4B), until the Certificate Balance of the REMIC II Regular Interest A-4C has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4C, to the REMIC II Regular Interest A-4D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed to the REMIC II Regular Interest ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇▇, ▇-▇, ▇-▇▇, ▇-▇▇ and A-4C), until the Certificate Balance of the REMIC II Regular Interest A-4D has been reduced to zero;
(iii) to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-4D, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest E-3, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC Regular Interest J, REMIC II Regular Interest K-1, REMIC II Regular Interest K-2, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P, REMIC II Regular Interest Q and REMIC II Regular Interest S, pro rata on the basis of their respective entitlements to reimbursement described in this clause (iii), to reimburse any Realized Losses previously allocated to REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-4D, REMIC II Regular Interest B, REMIC II Regular Interest C, REMIC II Regular Interest D, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest E-3, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC Regular Interest J, REMIC II Regular Interest K-1, REMIC II Regular Interest K-2, REMIC II Regular Interest L, REMIC II Regular Interest M-1, REMIC II Regular Interest M-2, REMIC II Regular Interest N, REMIC II Regular Interest O, REMIC II Regular Interest P, REMIC II Regular Interest Q and REMIC II Regular Interest S, in the case of all such Interests other than the REMIC II Regular Interest A-1A, REMIC II Regular Interest A-1B, REMIC II Regular Interest A-1C, REMIC II Regular Interest A-2A, REMIC II Regular Interest A-2B, REMIC II Regular Interest A-2C, REMIC II Regular Interest A-2D, REMIC II Regular Interest A-3, REMIC II Regular Interest A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C and REMIC II Regular Interest A-4D, as a result of the allocation of Realized Losses to the Class X Certificates and in the case of all such Interests, inclusive of accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(iv) to the REMIC II Regular Interest B, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(v) upon payment in full of the Certificate Balance of the REMIC II Regular Interest A-4D, to the REMIC II Regular Interest B, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest B has been reduced to zero;
(vi) to the REMIC II Regular Interest B, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(vii) to the REMIC II Regular Interest C, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(viii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest B, to the REMIC II Regular Interest C, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest C has been reduced to zero;
(ix) to the REMIC II Regular Interest C, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(x) to the REMIC II Regular Interest D, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xi) upon payment in full of the Certificate Balance of the REMIC II Regular Interest C, to the REMIC II Regular Interest D, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest D has been reduced to zero;
(xii) to the REMIC II Regular Interest D, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses;
(xiii) to the REMIC II Regular Interest E-1, REMIC II Regular Interest E-2 and REMIC II Regular Interest E-3, the remainder of the Distributable Certificate Interest for such Interest for such Distribution Date, divided among such REMIC II Regular Interest.Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xiv) upon payment in full of the Certificate Balance of the REMIC II Regular Interest D, to the REMIC II Regular Interest E-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest E-1, to the REMIC II Regular Interest E-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E-2 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest E-2, to the REMIC II Regular Interest E-3, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest E-3 has been reduced to zero;
(xv) to the REMIC II Regular Interest E-1, REMIC II Regular Interest E-2 and REMIC II Regular Interest E-3, to reimburse any unreimbursed Realized Losses previously allocated thereto, plus accrued and unpaid interest at the applicable Pass-Through Rate on such Realized Losses, pro rata on the basis of their respective entitlements to reimbursement;
(xvi) to the REMIC II Regular Interest F-1 and REMIC II Regular Interest F-2, the remainder of the Distributable Certificate Interest for such Interests for such Distribution Date, divided among such REMIC II Regular Interests in proportion to the Accrued Certificate Interest for such Distribution Date, to the extent not distributed pursuant to clause (i) above;
(xvii) upon payment in full of the Certificate Balance of the REMIC II Regular Interest E-3, to the REMIC II Regular Interest F-1, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest F-1 has been reduced to zero, and upon payment in full of the Certificate Balance of the REMIC II Regular Interest F-1, to the REMIC II Regular Interest F-2, the Principal Distribution Amount for such Distribution Date (reduced by any portion thereof deemed to be distributed pursuant to the preceding provisions hereof), until the Certificate Balance of the REMIC II Regular Interest F-2 has been reduced to zero;
(xviii) to the REMIC II Regular Interest F-1 and REMIC II Regular Interest F-2, to re
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Cap I Inc Capital I Tr 2004-Hq3)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the REMIC II Regular Interests in the amounts and in the manner as will be allocated to the Corresponding Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] X-1 and Class [X-2] X-2 Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1, REMIC II Regular Interest A-1-2, REMIC II Regular Interest A-1-3, REMIC II Regular Interest A-1A-1, REMIC II Regular Interest A-1A-2, REMIC II Regular Interest A-1A-3, REMIC II Regular Interest A-1A-4, REMIC II Regular Interest A-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest E, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest G, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest L, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Corresponding Component relating to such REMIC II Regular Interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 IQ10)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the Corresponding REMIC II Regular Interests in the amounts and in the manner as will be are allocated to the Corresponding Certificates relating REMIC III Regular Interests related thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses shall be allocated to among two or more Corresponding REMIC II Regular Interests shall be allocated among the Corresponding Components that correspond to a Class of Principal Balance Certificates sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] and Class [X-2] X Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1A-1A, REMIC II Regular Interest A-1-2A-1B, REMIC II Regular Interest A-1-3A-2A, REMIC II Regular Interest A-1A-1A-2B, REMIC II Regular Interest A-1A-2A-2C, REMIC II Regular Interest A-1A-3, REMIC II Regular Interest A-1A-4, REMIC II Regular Interest A-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2A-2D, REMIC II Regular Interest A-3-1FL-1, REMIC II Regular Interest A-3-1FL-2, REMIC II Regular Interest A-3-1FL-3, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2, REMIC II Regular Interest A-AB-1ABA, REMIC II Regular Interest A-AB-2ABB, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3A-4A, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-4C, REMIC II Regular Interest A-M, REMIC II Regular Interest A-J, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2C, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest EE-1, REMIC II Regular Interest F-1E-2, REMIC II Regular Interest F-2F, REMIC II Regular Interest GG-1, REMIC II Regular Interest H-1G-2, REMIC II Regular Interest H-2H, REMIC II Regular Interest J, REMIC II Regular Interest K, REMIC II Regular Interest LL-1, REMIC II Regular Interest L-2, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Corresponding Component Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Bear Stearns Commercial Mortgage Securities Trust 2006-Top24)
REMIC II. On each Distribution Date, all Realized Losses and Expense Losses on the REMIC I Regular Interests for such Distribution Date (or for prior Distribution Dates, to the extent not previously allocated) shall be allocated to the REMIC II Regular Interests in the amounts and in the manner as will be allocated to the Corresponding Certificates relating thereto pursuant to Section 6.6(f)); provided, however, that Realized Losses and Expense Losses allocated to REMIC II Regular Interests shall be allocated among the Corresponding Components sequentially in alphabetical and numerical order. Realized Interest Losses allocated to the Class [X-1] X-1 and Class [X-2] X-2 Certificates shall reduce the amount of interest payable on the REMIC II Regular Interest A-1-1, REMIC II Regular Interest A-1-2, REMIC II Regular Interest A-1-3, REMIC II Regular Interest A-2-1, REMIC II Regular Interest A-2-2, REMIC II Regular Interest A-2-3, REMIC II Regular Interest A-2-4, REMIC II Regular Interest A-2-5, REMIC II Regular Interest A-3-1, REMIC II Regular Interest A-3-2, REMIC II Regular Interest A-3-3, REMIC II Regular Interest A-3-4, REMIC II Regular Interest A-3-5, REMIC II Regular Interest A-3-6, REMIC II Regular Interest A-4-1, REMIC II Regular Interest A-4-2, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-AB-3, REMIC II Regular Interest A-AB-4, REMIC II Regular Interest A-5-1, REMIC II Regular Interest A-5-2, REMIC II Regular Interest A-1A-1, REMIC II Regular Interest A-1A-2, REMIC II Regular Interest A-1A-3, REMIC II Regular Interest A-1A-4, REMIC II Regular Interest A-1A-5, REMIC II Regular Interest A-1A-6, REMIC II Regular Interest A-1A-7, REMIC II Regular Interest A-1A-8, REMIC II Regular Interest A-1A-9, REMIC II Regular Interest A-2A-1A-10, REMIC II Regular Interest A-3-1FL-1A-1A-11, REMIC II Regular Interest A-3-1FL-2A-1A-12, REMIC II Regular Interest A-3-1FL-3A-1A-13, REMIC II Regular Interest A-3-1FL-4, REMIC II Regular Interest A-3-1-1, REMIC II Regular Interest A-3-1-2, REMIC II Regular Interest A-3-1-3, REMIC II Regular Interest A-3-1-4, REMIC II Regular Interest A-3-2-1, REMIC II Regular Interest A-3-2-2A-1A-14, REMIC II Regular Interest A-AB-1, REMIC II Regular Interest A-AB-2, REMIC II Regular Interest A-4A-1, REMIC II Regular Interest A-4A-2, REMIC II Regular Interest A-4A-3, REMIC II Regular Interest A-4B, REMIC II Regular Interest A-JAJ, REMIC II Regular Interest B-1, REMIC II Regular Interest B-2, REMIC II Regular Interest B-3, REMIC II Regular Interest C-1, REMIC II Regular Interest C-2, REMIC II Regular Interest D-1, REMIC II Regular Interest D-2, REMIC II Regular Interest ED-3, REMIC II Regular Interest E-1, REMIC II Regular Interest E-2, REMIC II Regular Interest F-1, REMIC II Regular Interest F-2, REMIC II Regular Interest GG-1, REMIC II Regular Interest G-2, REMIC II Regular Interest H-1, REMIC II Regular Interest H-2, REMIC II Regular Interest JJ-1, REMIC II Regular Interest J-2, REMIC II Regular Interest K, REMIC II Regular Interest LL-1, REMIC II Regular Interest L-2, REMIC II Regular Interest M, REMIC II Regular Interest N, REMIC II Regular Interest O and REMIC II Regular Interest P, which reduction shall be allocated pro rata based on the product of the Certificate Balance of such REMIC II Regular Interest and the sum of the Class X-1 Strip Rate and the Class X-2 Strip Rate (if any) applicable to the Corresponding Component Class of Certificates relating to such REMIC II Regular Interest.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Morgan Stanley Capital I Trust 2005 IQ9)