Common use of Allocable Share Clause in Contracts

Allocable Share. As to any Distribution Date, any Loan Group and any Class of Certificates or any interest-bearing Component thereof, the ratio that the amount calculated with respect to such Distribution Date (A) with respect to the Senior Certificates, pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount (without giving effect to any reduction of such amount pursuant to Section 4.02(d)) and (B) with respect to the Subordinated Certificates, pursuant to the definition of Assumed Interest Amount for such Class or after the first Senior Termination Date, pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount (without giving effect to any reduction of such amount pursuant to Section 4.02(d)) bears to the aggregate amount calculated with respect to such Distribution Date for each such Class of Certificates pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount (without giving effect to any reduction of such amounts pursuant to Section 4.02(d)) or the definition of Assumed Interest Amount for such Loan Group and Class, as applicable.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa17)

Allocable Share. As to any Distribution Date, any Loan Group and any Class or Component of Certificates or any interest-bearing Component thereofCertificates, the ratio that the amount calculated with respect to such Distribution Date (A) with respect to the Senior CertificatesCertificates of the related Senior Certificate Group, pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount (without giving effect to any reduction of such amount pursuant to Section 4.02(d)) and (B) with respect to the Subordinated Certificates, pursuant to the definition of Assumed Interest Amount for such Class or after the first third Senior Termination Date, Date pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount (without giving effect to any reduction of such amount pursuant to Section 4.02(d)) bears to the aggregate amount calculated with respect to such Distribution Date for each such related Class of Certificates pursuant to clause (i) of the definition of Class Optimal Interest Distribution Amount (without giving effect to any reduction of such amounts pursuant to Section 4.02(d)) or the definition of Assumed Interest Amount for such Loan Group and Class, as applicable.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (CHL Mortgage Pass-Through Trust 2006-Hyb2)