Common use of Allocation and Distribution of Yield Maintenance Premiums Clause in Contracts

Allocation and Distribution of Yield Maintenance Premiums. (a)(i) On any Distribution Date, the Non-Risk Retained Percentage of any Yield Maintenance Premium, if any, collected by the Servicer and allocated to the Mortgage Loan during the related Collection Period shall be remitted from the Servicer on the Remittance Date to the Certificate Administrator and shall be distributed by the Certificate Administrator to the holders of each Class of Sequential Pay Certificates, pro rata, in an amount equal to the product of (A) a fraction whose numerator is the amount of principal distributed to such Class of Sequential Pay Certificates on such Distribution Date and whose denominator is the total amount of principal distributed to all of the Sequential Pay Certificates on such Distribution Date and (B) the Non-Risk Retained Percentage of any Yield Maintenance Premium collected by the Servicer and allocated to the Mortgage Loan during the related Collection Period.