Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance of each such REMIC 2 Regular Interest.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp), Pooling and Servicing Agreement (Impac Secured Assets Corp., Mortgage Pass-Through Certificates, Series 2005-2), Pooling and Servicing Agreement (Impac Secured Assets Corp)
Allocation of Certain Interest Shortfalls. For purposes The Marker Allocation Percentage of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 1 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 1 Regular Interest LT-I-A-1, REMIC 2 1 Regular Interest A-1MLT-I-A-2-1, REMIC 2 1 Regular Interest A-1WLT-I-A-2-2, REMIC 2 1 Regular Interest A-2ALT-I-A-3, REMIC 2 1 Regular Interest A-2BLT-II-A-1-1, REMIC 2 1 Regular Interest A-2CLT-II-A-1-2, REMIC 2 1 Regular Interest A-2DLT-II-A-2, REMIC 2 1 Regular Interest M-1LT-II-A-3-1, REMIC 2 1 Regular Interest M-2LT-II-A-3-2, REMIC 2 1 Regular Interest, M-3Interest LT-III-A-1-1, REMIC 2 1 Regular Interest M-4LT-III-A-1-2, REMIC 2 1 Regular Interest M-5LT-III-A-2, REMIC 2 1 Regular Interest M-6LT-III-A-3-1, REMIC 2 1 Regular Interest, M-7Interest LT-III-A-3-2, REMIC 2 1 Regular Interest M-8LT-M1, REMIC 2 1 Regular Interest B LT-M2, REMIC 1 Regular Interest LT-M3, REMIC 1 Regular Interest LT-M4, REMIC 1 Regular Interest LT-M5, REMIC 1 Regular Interest LT-M6, REMIC 1 Regular Interest LT-M7 and REMIC 2 1 Regular Interest LT-M8 and REMIC 1 Regular Interest LT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 1 Regular Interest. The Sub WAC Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among REMIC 1 Regular Interest LT-1SUB, REMIC 1 Regular Interest LT-1GRP, REMIC 1 Regular Interest LT-2SUB, REMIC 1 Regular Interest LT-2GRP, REMIC 1 Regular Interest LT-3SUB, REMIC 1 Regular Interest LT-3GRP and REMIC 1 Regular Interest LT-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 1 Regular Interest.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-3), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-3), Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, pro rata to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LTI-1 and LTI-PF, pro rata based on, and in each case to the extent of, of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest; provided, and thenhowever, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, Interest LTI-1 and such amounts relating to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular InterestInterest LTI-PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and (net of any Relief Act Compensating Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date Payment) shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA XXX-X-0X0, XXX-X-0X0 and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata MTI-A-2F based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, second, to REMIC 2 Regular Interest MTI-1-B based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, in each case to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated in the same priority, and to the same extent, as that allocated to the Corresponding Certificates.
Appears in 2 contracts
Samples: Custodial Agreement (Home Equity Mortgage Trust 2005-5), Custodial Agreement (Home Equity Mortgage Trust 2005-5)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC I Group 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of Mortgage the Group 1 Loans for any Distribution Date shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Group 1 Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 I Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular InterestInterest , and then, to REMIC I Group 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 I Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC I Group 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Group 2 Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 I Regular Interest AA I and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC I Group 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZInterests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest , and then, to REMIC I Group 2 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC I Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC II Regular Interests for any Distribution Date the REMIC II Marker Allocation Percentage of any aggregate amount of any Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated among REMIC II Regular Interests LX-XX, XX-0X, XX-0X0, XX-0X0, XX-X-0, LX-X-0, XX-X-0, XX-X-0, XX-X-0, XX-X-0, LT-M-7, LT-M-8, LT-M-9 and LT-ZZ pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC II Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 2 II Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC II Regular Interests for any Distribution Date the REMIC II Sub WAC Allocation Percentage of any aggregate amount of any Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated among REMIC II Regular Interests LT-1SUB, LT-1GRP, LT-2SUB, LT-2GRP and LT-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC II Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC II Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (CSMC Asset-Backed Trust 2007-Nc1), Pooling and Servicing Agreement (CSMC Asset-Backed Trust 2007-Nc1)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “"B”", pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “"A”", pro rata based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance of each such REMIC 2 Regular Interest.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp), Pooling and Servicing Agreement (Impac Secured Assets Corp)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, pro rata to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LTI-1 and LTI-PF, pro rata based on, and in each case to the extent of, of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest; provided, and thenhowever, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, Interest LTI-1 and such amounts relating to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular InterestInterest LTI-PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and (net of any Relief Act Compensating Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date Payment) shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA MTI-A-1 and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata MTI-A-2 based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, second, to REMIC 2 Regular Interest MTI-1-B based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, in each case to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated in the same priority, and to the same extent, as that allocated to the Corresponding Certificates.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Pass-Through Certificates, Series 2006-4), Custodial Agreement (Home Equity Mortgage Pass-Through Certificates, Series 2006-3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LTI-1 and LTI-PF and then to REMIC 1 Regular Interests LTI-P and LTI-R, pro rata based on, and in each case to the extent of, of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest; provided, and thenhowever, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, Interest LTI-1 and such amounts relating to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular InterestInterest LT-PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC I Regular Interests for any Distribution Date: For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and (net of any Relief Act Compensating Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date Payment) shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to Interests ending with the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZdesignation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Balances of each such REMIC 2 Regular Interest, second, to REMIC 2 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest, and third, to REMIC 2 Regular Interest MTI-R and REMIC 2 Regular Interest MT-P, in each case to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated in the same priority, and to the same extent, as that allocated to the Corresponding Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, Remittance Amount on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interest, class of Publicly Offered Certificates and then, (2) the aggregate amount of any Realized Losses allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Subordinate Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA, REMIC 2 I Regular Interest A-1MLTI-IIA1A, REMIC 2 I Regular Interest A-1WLTI-IIA1B, REMIC 2 I Regular Interest A-2ALTI-IIA2, REMIC 2 I Regular Interest A-2BLTI-IIA3, REMIC 2 I Regular Interest A-2CLTI-IIA4, REMIC 2 I Regular Interest A-2DLTI-IIA5, REMIC 2 I Regular Interest M-1LTI-M1, REMIC 2 I Regular Interest M-2LTI-M2, REMIC 2 Regular Interest, M-3, REMIC 2 I Regular Interest M-4, LTI-M3 and REMIC 2 I Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP and REMIC I Regular Interest LTI-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (NAAC Alternative Loan Trust, Series 2005-Wf1)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LTI-1 and LTI-1PF and then to REMIC 1 Regular Interests LTI-P and LTI-R, pro rata based on, and in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Pass- Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such Uncertificated REMIC 1 Regular Interest; provided, and thenhowever, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, Interest LTI-1 and such amounts relating to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular InterestInterest LT-1PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, first to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest MT-AA and REMIC 2 Regular Interest MT-ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter any remaining Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated among REMIC 2 Regular Interest Interests MT-AA, REMIC 2 Regular Interest A-1MT- A1, REMIC 2 Regular Interest A-1MMT-A2, REMIC 2 Regular Interest A-1WMT-M1, REMIC 2 Regular Interest A-2AMT-M2, REMIC 2 Regular Interest A-2BMT-B, REMIC 2 Regular Interest A-2CMT-ZZ, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-R and REMIC 2 Regular Interest ZZMT-P, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Accrued Interest, as calculated without application of each such REMIC 2 Regular Interestthis sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage Sec Corp Home Eq Mort Pass THR Cert Ser 2003-1)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group I Mortgage Loans and Group II Mortgage Loans for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC I 1-A Regular Interest ALT-1A, REMIC 1-I A Regular Interest LT-1B, REMIC 1-A Regular Interest LT-2A, REMIC 1-A Regular Interest LT-2B and to the REMIC I 1-A Regular Interests ending with the designation “B”Interest LT-ZZ, pro rata rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 1-A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 1-A Regular Interest. The REMIC 2-A Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group III Mortgage Loans for any Distribution Date shall be allocated among REMIC 2-A Regular Interest LT-AA, REMIC 2-A Regular Interest LT-3-A-1-1, REMIC 2-A Regular Interest LT-3-A-1-2, REMIC 2-A Regular Interest LT-3-A-2-1, REMIC 2-A Regular Interest LT-3-A-2-2, REMIC 2-A Regular Interest LT-3M1, REMIC 2-A Regular Interest LT-3M2, REMIC 2-A Regular Interest LT-3M3 and thenREMIC 2-A Regular Interest LT-3M4, to REMIC 1 2-A Regular Interests ending with the designation “A”Interest LT-ZZ, pro rata rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 2-A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 2-A Regular Interest. For purposes The REMIC 2-A Sub WAC Allocation Percentage of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group III Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 2-A Regular Interest AA LT-1SUB, REMIC 2-A Regular Interest LT-1GRP, REMIC 2-A Regular Interest LT-2SUB, REMIC 2-A Regular Interest LT-2GRP and REMIC 2 2-A Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZLT-XX, pro rata rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 2-A Pass-Through Rates on the respective Uncertificated Principal Balance Balances of each such REMIC 2 2-A Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2005-1)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, pro rata to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LTI-1 and LTI-PF, pro rata based on, and in each case to the extent of, of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest; provided, and thenhowever, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, Interest LTI-1 and such amounts relating to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular InterestInterest LTI-PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and (net of any Relief Act Compensating Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date Payment) shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata MTI-A-1 based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, second, to REMIC 2 Regular Interest MTI-1-B based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, in each case to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date the aggregate amount of any Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated first, to REMIC 3 Regular Interest MTIA-I, to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 3 Pass-Through Rate on the Uncertificated Principal Balance of each such REMIC 3 Regular Interest; and then, to each other REMIC 3 Regular Interest (other than REMIC 3 Regular Interest MTIA-S, REMIC 3 Regular Interest MTIA-Swap-IO, REMIC 3 Regular Interest MTIA-P and REMIC 3 Regular Interest MTIA-R), in each case to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 3 Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 2 3 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 4 Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated in the same priority, and to the same extent, as that allocated to the Corresponding Certificates.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Trust 2006-5)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage the Group 1 Loans for any Distribution Date shall be allocated first, to REMIC I 1 Regular Interest ALT-I and to the REMIC I Regular Interests ending with the designation “B”I, pro rata based on, and to the extent of, of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest, ; and then, to REMIC 1 Regular Interests ending with the designation “A”Interest LT-IO-1 and REMIC 1 Regular Interest LT-IO-2, pro rata based on, and in each case to the extent of, of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest. For purposes of calculating the The aggregate amount of Uncertificated Accrued any Net Prepayment Interest for Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the REMIC Group 2 Regular Interests Loans for any Distribution DateDate shall be allocated to REMIC 1 Regular Interest LT-II, to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rate on the Uncertificated Principal Balance of such REMIC 1 Regular Interest. The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest MT-AA, REMIC 2 Regular Interest A-1MT-1A1, REMIC 2 Regular Interest A-1MMT-1A2, REMIC 2 Regular Interest A-1WMT-1A3, REMIC 2 Regular Interest A-2AMT-2A1, REMIC 2 Regular Interest A-2BMT-2A2, REMIC 2 Regular Interest A-2CMT-2A3, REMIC 2 Regular Interest A-2DMT-M1, REMIC 2 Regular Interest M-1MT-M2, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3MT-M3, REMIC 2 Regular Interest M-4MT-M4, REMIC 2 Regular Interest M-5MT-M5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7MT-M6, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-M7 and REMIC 2 Regular Interest MT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-2)
Allocation of Certain Interest Shortfalls. For purposes The Marker Allocation Percentage of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 1 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 1 Regular Interest LT-I-A-1-1, REMIC 1 Regular Interest LT-I-A-1-2, REMIC 1 Regular Interest LT-I-A-2-1, REMIC 1 Regular Interest LT-I-A-2-2, REMIC 1 Regular Interest LT-I-A-3, REMIC 1 Regular Interest LT-II-A-1, REMIC 2 1 Regular Interest A-1MLT-II-A-2, REMIC 2 1 Regular Interest A-1WLT-II-A-3, REMIC 2 1 Regular Interest A-2ALT-M1, REMIC 2 1 Regular Interest A-2BLT-M2, REMIC 2 1 Regular Interest A-2CLT-M3, REMIC 2 1 Regular Interest A-2DLT-M4, REMIC 2 1 Regular Interest M-1LT-M5, REMIC 2 1 Regular Interest M-2LT-M6, REMIC 2 Regular Interest, M-3, REMIC 2 1 Regular Interest M-4, LT-M7 and REMIC 2 1 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 1 Regular Interest. The Sub WAC Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among REMIC 1 Regular Interest LT-1SUB, REMIC 1 Regular Interest LT-1GRP, REMIC 1 Regular Interest LT-2SUB, REMIC 1 Regular Interest LT-2GRP and REMIC 1 Regular Interest LT-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 1 Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2006-4)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 I Group I Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 4.03(e)) and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans Loan Group I shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Group I Regular Interests ending with the designation “"B”", PRO RATA based on, and to the extent of, one month's interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest , and then, to REMIC I Group I Regular Interests ending with the designation "A", pro rata based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest. For purposes of calculating the amount of Uncertificated Interest for the REMIC I Group II Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 4.03(e)) and any Relief Act Interest Shortfalls incurred in respect of Loan Group II shall be allocated first, to REMIC I Regular Interest II and to the REMIC I Group II Regular Interests ending with the designation "B", PRO RATA based on, and to the extent of, one month's interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest , and then, to REMIC 1 I Group II Regular Interests ending with the designation “"A”", pro rata based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 II Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance of each such REMIC 2 Regular Interest.:
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest Distribution Amount for the REMIC 1 Regular Interests Senior Certificates, Mezzanine Certificates and Class X Certificates for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular first reduce the Interest A-I and Distribution Amount payable to the REMIC I Regular Interests ending with Class M-3 Certificates, second, reduce the designation “B”Interest Distribution Amount payable to the Class M-2 Certificates, third, reduce the Interest Distribution Amount payable to the Class M-1 Certificates, and fourth, reduce the Interest Distribution Amount payable to the Senior Certificates, on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance or Certificate Notional Balance, as applicable of each such REMIC 1 Regular Interest, Certificate and then, (2) the aggregate amount of any Realized Losses on the Mortgage Loans allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Mezzanine Certificates and Net WAC Rate Carryover Amount paid to the Senior Certificates and the Mezzanine Certificates incurred for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestCertificate Notional Balance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 I Regular Ixxxxxxx XX-X0, REMIC I Regular Ixxxxxxx XX-X0, REMIC I Regular Ixxxxxxx XX-X0, REMIC I Regular Ixxxxxxx XX-X0, REMIC I Regular Ixxxxxxx XX-X0, REMIC I Regular Ixxxxxxx XX-X0, REMIC I Regular Interest A-1LT-M1, REMIC 2 I Regular Interest A-1MLT-M2, REMIC 2 I Regular Interest A-1WLT-M3, REMIC 2 I Regular Interest A-2A, LT-M4 and REMIC 2 I Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. On each Distribution Date, the amount of Accrued Certificate Interest for the Class A Certificates and the Subordinate Certificates for any Distribution Date will be reduced by (1) the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Servicers pursuant to Section 3.22 of this Agreement or pursuant to the Servicing Agreement or by the Master Servicer pursuant to Section 4.19 of this Agreement), (2) any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date and (3) the interest portion of Realized Losses incurred in the Mortgage Loans during the related Prepayment Period in the following order first, to the Class B-6 Certificates, second, to the Class B-5 Certificates, third, to the Class B-4 Certificates, fourth, to the Class B-3 Certificates, fifth, to the Class B-2 Certificates, sixth, to the Class B-1 Certificates and seventh, to the Class A-1 Certificates and the Class A-2 Certificates, on a pro rata basis, based on the entitlement of each such Class. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 I Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Servicer pursuant to Section 3.22 of this Agreement or the Master Servicer pursuant to Section 4.19 of this Agreement or pursuant to the Servicing Agreement) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I IA and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest, and then, to REMIC 1 I Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 II Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Servicer pursuant to Section 3.22 of this Agreement or the Master Servicer pursuant to Section 4.19 of this Agreement or pursuant to the Servicing Agreement) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to each REMIC 2 II Regular Interest AA and REMIC 2 Regular Interest ZZ up to in an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata based on, and amount that is allocated to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance of each Corresponding Certificate for such REMIC 2 Regular Interest.Distribution Date. ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MortgageIT Securities Corp. Mortgage Loan Trust, Series 2007-2)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated the Accrued Certificate Interest for the REMIC 1 Regular Interests Class A, Class M and Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular Interest A-I and the Class C Certificates to the REMIC I Regular Interests ending with extent of one month's interest at the designation “B”then applicable Pass-Through Rate on the Notional Amount of each such Certificate and, pro rata thereafter, among the Class A Certificates and Class M Certificates on a PRO RATA basis based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestCertificate. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 1 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 1 Regular Interest A-1LT-A1A, REMIC 2 1 Regular Interest A-1MLT-A1B, REMIC 2 1 Regular Interest A-1WLT-A2, REMIC 2 1 Regular Interest A-2ALT-A3, REMIC 2 1 Regular Interest A-2BLT-A4, REMIC 2 1 Regular Interest A-2CLT-M1, REMIC 2 1 Regular Interest A-2DLT-M2, REMIC 2 1 Regular Interest M-1LT-M3, REMIC 2 1 Regular Interest M-2LT-M4, REMIC 2 1 Regular Interest, M-3Interest LT-M5, REMIC 2 1 Regular Interest M-4LT-M6, REMIC 2 1 Regular Interest M-5LT-M7, REMIC 2 1 Regular Interest M-6LT-M8, REMIC 2 1 Regular Interest, M-7Interest LT-M9, REMIC 2 1 Regular Interest M-8, LT-M10 and REMIC 2 1 Regular Interest B and REMIC 2 Regular Interest LT-ZZ, pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC 2 1 Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 I Group I Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 4.03(e)) and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans Loan Group I shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Group I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular InterestInterest , and then, to REMIC 1 I Group I Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Group II Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 4.03(e)) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date Loan Group II shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 I Regular Interest AA II and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 I Group II Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZInterests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through I Remittance Rates on the respective Uncertificated Principal Balance Balances of each such REMIC 2 I Regular Interest , and then, to REMIC I Group II Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective REMIC I Remittance Rates on the respective Uncertificated Principal Balances of each such REMIC I Regular Interest.. For purposes of calculating the amount of Uncertificated Interest for the REMIC II Regular Interests for any Distribution Date:
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Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Accrued Certificate Interest and the amount of the Interest Distribution Amount for the Class A Certificates, the Mezzanine Certificates and the Class CE Certificates for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 4.03(e)) and any Relief Act Interest Shortfall incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to reduce the interest accrued on the Class CE Certificates to the extent of one month's interest at the applicable Pass-Through Rate on the Notional Amount of such Certificate and thereafter, among the Class A Certificates and the Mezzanine Certificates on a PRO RATA basis based on, and to the extent of, one month's interest at the then applicable respective Pass- Through Rate on the respective Certificate Principal Balance of each such Certificate. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 I Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and (to the extent of, one month’s interest at not covered by payments by the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, Master Servicer pursuant to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls Section 4.03(e)) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA I-LTA1, REMIC I Regular Interest I-LTA2, REMIC I Regular Interest I-LTA3, REMIC I Regular Interest I-LTM1, REMIC I Regular Interest I-LTM2, REMIC I Regular Interest I-LTM3, REMIC I Regular Interest I-LTM4, REMIC I Regular Interest I-LTM5, REMIC I Regular Interest I-LTM6, REMIC I Regular Interest I-LTM7, REMIC I Regular Interest I-LTM8, REMIC I Regular Interest I-LTM9 and REMIC 2 I Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation AmountI-LTZZ, 98% and 2%PRO RATA, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates I Remittance Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest.
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Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, PRO RATA to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LTI-1 and LTI-PF, pro rata based on, and in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest; provided, and thenhowever, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, Interest LTI-1 and such amounts relating to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular InterestInterest LTI-PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and (net of any Relief Act Compensating Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date Payment) shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA MTI-A-1F and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata MTI-A-2 based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, second, to REMIC 2 Regular Interest MTI-1-B based on, and to the extent of, one month's interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, in each case to the extent of one month's interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Balances of each such REMIC 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated in the same priority, and to the same extent, as that allocated to the Corresponding Certificates.
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Samples: Custodial Agreement (Home Equity Mortgage Pass-Through Certificates, Series 2006-1)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the Uncertificated REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount (net of any Net Prepayment Compensating Interest Shortfalls Payment) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Loan Group 1 Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 1 Regular Interest AA LT1A and REMIC 2 1 Regular Interest ZZ LT1F up to an aggregate amount equal to the REMIC 2 1 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 1 Regular Interest AALT1A, REMIC 2 1 Regular Interest A-1LT1B, REMIC 2 1 Regular Interest A-1MLT1C, REMIC 2 1 Regular Interest A-1WLT1D, REMIC 2 1 Regular Interest A-2A, LT1E and REMIC 2 1 Regular Interest A-2BLT1F, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC 1 Regular Interest and (ii) with respect to the Loan Group 2 Mortgage Loans first, to Uncertificated Accrued Interest payable to REMIC 1 Regular Interest LT1G and REMIC 1 Regular Interest LT1L up to an aggregate amount equal to the REMIC 2 Group II Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 1 Regular Interest LT1G, REMIC 1 Regular Interest LT1H, REMIC 1 Regular Interest LT1I, REMIC 1 Regular Interest LT1J, REMIC 1 Regular Interest LT1K and REMIC 1 Regular Interest LT1L PRO RATA based on, and to the extent of, one month's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC 1 Regular Interest.
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Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group I-1 Mortgage Loans for any Distribution Date shall be allocated to the REMIC 1A Group I-1 Regular Interests for any Distribution Date first, to REMIC I 1A Regular Interest A-I and to the REMIC I 1A Group I-1 Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 1A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 1A Regular Interest, and then, to REMIC 1 1A Group I-1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 1A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 1A Regular Interest. For purposes of calculating the The aggregate amount of Uncertificated Accrued any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group I-2 Mortgage Loans for any Distribution Date shall be allocated to the REMIC 2 1A Group I-2 Regular Interests for any Distribution DateDate first, to REMIC 1A Regular Interest II and to the REMIC 1A Group I-2 Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1A Regular Interest, and then, to REMIC 1A Group I-2 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1A Regular Interest. The REMIC 1B Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group I Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 1B Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 1B Regular Interest A-1LT-I1A1, REMIC 2 1B Regular Interest A-1MLT-I1A2, REMIC 2 1B Regular Interest A-1WLT-I2A1, REMIC 2 1B Regular Interest A-2ALT-I2A2, REMIC 2 1B Regular Interest A-2BLT-IM1, REMIC 2 1B Regular Interest A-2C, LT-IM2 and REMIC 2 1B Regular Interest A-2D, LT-IM3 and REMIC 2 1B Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 1B Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 1B Regular Interest. The REMIC 1B Sub WAC Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group I Mortgage Loans for any Distribution Date shall be allocated to the Uncertificated Accrued Interest payable to REMIC 1B Regular Interest LT-1SUB, REMIC 1B Regular Interest LT-1GRP, REMIC 1B Regular Interest LT-2SUB, REMIC 1B Regular Interest LT-2GRP and REMIC 1B Regular Interest LT-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1B Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 1B Regular Interest. The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group II Mortgage Loans for any Distribution Date shall be allocated among REMIC 2A Regular Interest LT-AA, REMIC 2A Regular Interest LT-II1A1, REMIC 2A Regular Interest LT-II1A2, REMIC 2A Regular Interest LT-II2A1, REMIC 2A Regular Interest LT-II2A2, REMIC 2A Regular Interest LT-IIM1, REMIC 2A Regular Interest LT-IIM2 and REMIC 2A Regular Interest LT-IIM3, REMIC 2A Regular Interest LT-IIM4, REMIC 2A Regular Interest LT-IIM5, REMIC 2A Regular Interest LT-IIM6 and REMIC 2A Regular Interest LT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2A Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 2A Regular Interest. The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group III Mortgage Loans for any Distribution Date shall be allocated to the REMIC 3A Regular Interests for any Distribution Date first, to REMIC 3A Regular Interest I and to the REMIC 3A Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 3A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 3A Regular Interest, and then, to REMIC 3A Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 3A Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 3A Regular Interest. Any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Group III Mortgage Loans for any Distribution Date shall be allocated among REMIC 3B Regular Interest LT-AA, REMIC 3B Regular Interest LT-IIIA1, REMIC 3B Regular Interest LT-IIIA2, REMIC 3B Regular Interest LT-IIIM1, REMIC 3B Regular Interest LT-IIIM2 and REMIC 3B Regular Interest LT-IIIPO and REMIC 3B Regular Interest LT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 3B Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 3B Regular Interest.
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Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LT-1 and LT-1PF and then to REMIC 1 Regular Interests LT-P and LT- R, pro rata based on, and in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such Uncertificated REMIC 1 Regular Interest; provided, however, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to the REMIC 1 Regular Interests (other than REMIC 1 Regular Interest LT-1PF) in the order and then, priority described above and such amounts relating to the Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestLT-1PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest MT-AA and REMIC 2 Regular Interest MT-ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter any remaining Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated among REMIC 2 Regular Interest Interests MT-AA, REMIC 2 Regular Interest A-1MT-A1, REMIC 2 Regular Interest A-1MMT-A2, REMIC 2 Regular Interest A-1WMT-A3, REMIC 2 Regular Interest A-2AMT-M1, REMIC 2 Regular Interest A-2BMT-M2A, REMIC 2 Regular Interest A-2CMT-M2B, REMIC 2 Regular Interest A-2DMT-B, REMIC 2 Regular Interest M-1MT- ZZ, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-R and REMIC 2 Regular Interest ZZMT-P, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Accrued Interest, as calculated without application of each such REMIC 2 Regular Interestthis sentence.
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Samples: Pooling and Servicing Agreement (CSFB Mort Sec Corp Home Equity Mort Trust 2002-3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated the Accrued Certificate Interest for the REMIC 1 Regular Interests Class A, Class M and Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular Interest A-I and the Class C Certificates to the REMIC I Regular Interests ending with extent of one month's interest at the designation “B”then applicable Pass-Through Rate on the Notional Amount of each such Certificate and, pro rata thereafter, among the Class A Certificates and Class M Certificates on a PRO RATA basis based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestCertificate. For purposes of calculating the amount of Uncertificated Accrued Interest for the Uncertificated REMIC 2 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 1 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 1 Regular Interest A-1LT-A1, REMIC 2 1 Regular Interest A-1MLT-A2, REMIC 2 1 Regular Interest A-1WLT-A3, REMIC 2 1 Regular Interest A-2ALT-M1, REMIC 2 1 Regular Interest A-2BLT-M2, REMIC 2 1 Regular Interest A-2CLT-M3, REMIC 2 1 Regular Interest A-2DLT-M4, REMIC 2 1 Regular Interest M-1LT-M5, REMIC 2 1 Regular Interest M-2LT-M6, REMIC 2 Regular Interest, M-3, REMIC 2 1 Regular Interest M-4, LT-M7 and REMIC 2 1 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LT-ZZ, pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC 2 1 Regular Interest.
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Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LTI-1, pro rata based onLTI-1PF, LTI-2 and LTI-2PF and then to REMIC 1 Regular Interests LTI- P and LTI-R, in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such Uncertificated REMIC 1 Regular Interest; provided, however, that with respect to the first three Distribution Dates, such amounts relating to the Group 1 Initial Mortgage Loans shall be allocated to REMIC 1 Regular Interest LTI-1 in the order and thenpriority described above, such amounts relating to the Group 2 Initial Mortgage Loans shall be allocated to the REMIC 1 Regular Interests (other than REMIC 1 Regular Interest LTI-1PF, REMIC 1 Regular Interest LTI-2PF, REMIC 1 Regular Interest LTI-1) in the order and priority described above and such amounts relating to the Group1 Subsequent Mortgage Loans and Group 2 Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, LT-1PF and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestInterest LT-2PF, respectively. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated first to REMIC 2 Regular Interest LTII-1 and then to REMIC 2 Regular Interests LTII-IO-1 through LTII-IO-30, sequentially, and REMIC 2 Regular Interests LTII-P and LTII-R, in each case to the extent of one month's interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date, any Prepayment Interest Shortfalls (ito the extent not covered by Compensating Interest) with respect relating to the Mortgage Loans, Loans for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC 2 3 Regular Interest MT-AA and REMIC 2 3 Regular Interest MT-ZZ up to an aggregate amount equal to the REMIC 2 3 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter any remaining Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated among REMIC 2 3 Regular Interest Interests MT- AA, REMIC 2 Regular Interest A-1MT-A1, REMIC 2 Regular Interest A-1MMT-A2, REMIC 2 Regular Interest A-1WMT-A3, REMIC 2 Regular Interest A-2AMT-A4, REMIC 2 Regular Interest A-2BMT-M1, REMIC 2 Regular Interest A-2CMT-M2, REMIC 2 Regular Interest A-2DMT-B, REMIC 2 Regular Interest M-1MT-ZZ, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-R and REMIC 2 Regular Interest ZZMT-P, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Accrued Interest, as calculated without application of each such REMIC 2 Regular Interestthis sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mort Sec Corp Ho Eq Mo Tr 2002-5)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I 1 Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 Regular Interest A-1LT-A1, REMIC 2 Regular Interest A-1MLT-A2, REMIC 2 Regular Interest A-1WLT-A3, REMIC 2 Regular Interest A-2ALT-A4, REMIC 2 Regular Interest A-2BLT-A5, REMIC 2 Regular Interest A-2CLT-M1, REMIC 2 Regular Interest A-2DLT-M2, REMIC 2 Regular Interest M-1LT-M3, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3LT-M4, REMIC 2 Regular Interest M-4LT-M5, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B LT-M6 and REMIC 2 Regular Interest LT-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2007-4)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, Remittance Amount on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interestclass of Publicly Offered Certificates and (2) the aggregate amount of any Realized Losses allocated to the Class II-A-2, Class III-A-2 and then, Class IV-A-2 Certificates and Subordinate Certificates and Basis Risk Shortfalls allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Publicly Offered Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA, REMIC 2 I Regular Interest A-1MLTI-IIA1, REMIC 2 I Regular Interest A-1WLTI-IIA2, REMIC 2 I Regular Interest A-2ALTI-IIIA1, REMIC 2 I Regular Interest A-2BLTI-IIIA2, REMIC 2 I Regular Interest A-2CLTI-IVA1, REMIC 2 I Regular Interest A-2DLTI-IVA2, REMIC 2 I Regular Interest M-1LTI-M1, REMIC 2 I Regular Interest M-2LTI-M2, REMIC 2 I Regular Interest, M-3Interest LTI-M3, REMIC 2 I Regular Interest M-4LTI-M4, REMIC 2 I Regular Interest M-5, LTI-M5 and REMIC 2 I Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP, REMIC I Regular Interest LTI-3SUB, REMIC I Regular Interest LTI-3GRP, REMIC I Regular Interest LTI-4SUB, REMIC I Regular Interest LTI-4GRP and REMIC I Regular Interest LTI-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, Remittance Amount on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interestclass of Publicly Offered Certificates and (2) the aggregate amount of any Realized Losses allocated to the Class I-A-2, Class III-A-2 and then, Subordinate Certificates and Basis Risk Shortfalls allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Publicly Offered Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA1, REMIC 2 I Regular Interest A-1MLTI-IA2, REMIC 2 I Regular Interest A-1WLTI-IIA, REMIC 2 I Regular Interest A-2ALTI-IIIA1, REMIC 2 I Regular Interest A-2BLTI-IIIA2, REMIC 2 I Regular Interest A-2CLTI-M1, REMIC 2 I Regular Interest A-2DLTI-M2, REMIC 2 I Regular Interest M-1LTI-M3, REMIC 2 I Regular Interest M-2LTI-M4, REMIC 2 Regular Interest, M-3, REMIC 2 I Regular Interest M-4, LTI-M5 and REMIC 2 I Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP, REMIC I Regular Interest LTI-3SUB, REMIC I Regular Interest LTI-3GRP and REMIC I Regular Interest LTI-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, Remittance Amount on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interestclass of Publicly Offered Certificates and (2) the aggregate amount of any Realized Losses allocated to the Class III-A-2, Class IV-A-2, Class V-A-4 and then, Subordinate Certificates and Basis Risk Shortfalls allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Publicly Offered Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA, REMIC 2 I Regular Interest A-1MLTI-IIA, REMIC 2 I Regular Interest A-1WLTI-IIIA1, REMIC 2 I Regular Interest A-2ALTI-IIIA2, REMIC 2 I Regular Interest A-2BLTI-IVA1, REMIC 2 I Regular Interest A-2CLTI-IVA2, REMIC 2 I Regular Interest A-2DLTI-VA1, REMIC 2 I Regular Interest M-1LTI-VA2, REMIC 2 I Regular Interest M-2LTI-VA3, REMIC 2 I Regular Interest, M-3Interest LTI-VA4, REMIC 2 I Regular Interest M-4LTI-M1, REMIC 2 I Regular Interest M-5LTI-M2, REMIC 2 I Regular Interest M-6LTI-M3, REMIC 2 I Regular Interest, M-7Interest LTI-M4, REMIC 2 I Regular Interest M-8, LTI-M5 and REMIC 2 I Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP, REMIC I Regular Interest LTI-3SUB, REMIC I Regular Interest LTI-3GRP, REMIC I Regular Interest LTI-4SUB, REMIC I Regular Interest LTI-4GRP, REMIC I Regular Interest LTI-5SUB, REMIC I Regular Interest LTI-5GRP and REMIC I Regular Interest LTI-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, Remittance Amount on a pro rata basis based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interestclass of Publicly Offered Certificates and the Class III-A-4 Certificates and (2) the aggregate amount of any Realized Losses allocated to the Class I-A-2 Certificates, Class III-A-3 Certificates, Class III-A-5 Certificates and then, Subordinate Certificates and Basis Risk Shortfalls allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Publicly Offered Certificates and the Class III-A-4 Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA1, REMIC 2 I Regular Interest A-1MLTI-IA2, REMIC 2 I Regular Interest A-1WLTI-IIA, REMIC 2 I Regular Interest A-2ALTI-IIIA1, REMIC 2 I Regular Interest A-2BLTI-IIIA2, REMIC 2 I Regular Interest A-2CLTI-IIIA3, REMIC 2 I Regular Interest A-2DLTI-IIIA4, REMIC 2 I Regular Interest M-1LTI-IIIA5, REMIC 2 I Regular Interest M-2LTI-M1, REMIC 2 I Regular Interest, M-3Interest LTI-M2, REMIC 2 I Regular Interest M-4LTI-M3, REMIC 2 I Regular Interest M-5, LTI-M4 and REMIC 2 I Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP, REMIC I Regular Interest LTI-3SUB, REMIC I Regular Interest LTI-3GRP and REMIC I Regular Interest LTI-XX, pro rata based on, and to the extent of, one month's interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (NAAC Alternative Loan Trust, Series 2004-Ar3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LT-1 and LT-1PF and then to REMIC 1 Regular Interests LT-P and LT-R, pro rata based on, and in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such Uncertificated REMIC 1 Regular Interest; provided, however, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to the REMIC 1 Regular Interests (other than REMIC 1 Regular Interest LT-1PF) in the order and then, priority described above and such amounts relating to the Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestLT-1PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest MT-AA and REMIC 2 Regular Interest MT-ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter any remaining Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated among REMIC 2 Regular Interest Interests MT- AA, REMIC 2 Regular Interest A-1MT-A1, REMIC 2 Regular Interest A-1MMT-A2, REMIC 2 Regular Interest A-1WMT-A3, REMIC 2 Regular Interest A-2AMT-M1, REMIC 2 Regular Interest A-2BMT-M2A, REMIC 2 Regular Interest A-2CMT-M2B, REMIC 2 Regular Interest A-2DMT-B, REMIC 2 Regular Interest M-1MT-ZZ, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-R and REMIC 2 Regular Interest ZZMT-P, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Accrued Interest, as calculated without application of each such REMIC 2 Regular Interestthis sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mort Sec Corp Home Equity Mort Trust 2002-3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Subservicer or Master Servicer) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC I 1 Regular Interest A1-I SUB, REMIC 1 Regular Interest 1-GRP, REMIC 1 Regular Interest 2-SUB, REMIC 1 Regular Interest 2-GRP, REMIC 1 Regular Interest 3-SUB, REMIC 1 Regular Interest 3-GRP, REMIC 1 Regular Interest 4-SUB, REMIC 1 Regular Interest 4-GRP, REMIC 1 Regular Interest 5-SUB, REMIC 1 Regular Interest 5-GRP and to the REMIC I 1 Regular Interests ending with the designation “B”Interest ZZZ, pro rata rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Subservicer or Master Servicer) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest 1-A-1, REMIC 2 Regular Interest A-1M2-A, REMIC 2 Regular Interest A-1W3-A-1, REMIC 2 Regular Interest A-2A4-A, REMIC 2 Regular Interest A-2B5-A-1, REMIC 2 Regular Interest A-2C5-A-2, REMIC 2 Regular Interest A-2D5-A-3, REMIC 2 Regular Interest M-15-A-4, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-35-A-5, REMIC 2 Regular Interest M-45-A-6, REMIC 2 Regular Interest M-55-A-7, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7B-1, REMIC 2 Regular Interest M-8B-2, REMIC 2 Regular Interest B B-3, REMIC 2 Regular Interest B-4, REMIC 2 Regular Interest B-5, REMIC 2 Regular Interest B-6 and REMIC 2 Regular Interest ZZR-III, pro rata rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 I Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular Interest A-I and then, to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 I Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest, and then, to REMIC 1 I Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 I Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 II Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 II Regular Interest AA LTAA, REMIC II Regular Interest LTA1, REMIC II Regular Interest LTA2, REMIC II Regular Interest LTA3, REMIC II Regular Interest LTA4, REMIC II Regular Interest LTM1, REMIC II Regular Interest LTM2, REMIC II Regular Interest LTM3, REMIC II Regular Interest LTM4, REMIC II Regular Interest LTM5, REMIC II Regular Interest LTM6, REMIC II Regular Interest LTM7 and REMIC 2 II Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZLTZZ, pro rata based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 II Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 II Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf2)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Group 1 Loans for any Distribution Date shall be to REMIC 1 Regular Interests LTI-1 to the extent of one month’s interest at the then applicable Uncertificated REMIC 1 Pass-Through Rate on the Uncertificated Principal Balance of such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Reductions incurred in respect of the Group 2 Loans for any Distribution Date shall be allocated pro rata to REMIC 1 Regular Interests LTI-2 and LTI-2PF, in each case to the extent of one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 1 Regular Interest; provided, however, that with respect to the first three Distribution Dates, such amounts relating to the Initial Group 2 Loans shall be allocated to REMIC 1 Regular Interest LTI-2 and such amounts relating to the Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular Interest LTI-2PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (net of any Compensating Interest Payment) in respect of the Group 1 Loans shall be allocated first, to REMIC I 2 Regular Interest AMTI-1-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata B based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 2 Regular Interest, and then, then to REMIC 1 2 Regular Interests ending with the designation “A”, pro rata Interest MTI-1-A based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and (net of any Relief Act Compensating Interest Shortfalls incurred Payment) in respect of the Mortgage Group 2 Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest MTI-2-B and REMIC 2 Regular Interest ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest, and then to REMIC 2 Regular Interest MTI-2-A based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rate on the respective Uncertificated Principal Balance of such REMIC 2 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date the REMIC 3 Marker Allocation Percentage of any aggregate amount of any Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated among REMIC 3 Regular Interests MXXX-XX, XXXX-0X-0, XXXX-0X-0, XXXX-0X-0, XXXX-0X-0, MTII-M-1, MTII-M-2, MTII-M-3, MTII-M-4, MTII-M-5, MTII-M-6, MTII-M-7, MTII-M-8, MTII-M-9 and MTII-ZZ pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 3 Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 2 3 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 3 Regular Interests for any Distribution Date the REMIC 3 Sub WAC Allocation Percentage of any aggregate amount of any Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans shall be allocated among REMIC 3 Regular Interests MTII-1SUB, MTII-1GRP, MTII-2SUB, MTII-2GRP and MTII-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 3 Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC 3 Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Trust 2006-6)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata Remittance Amount on a PRO RATA basis based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interestclass of Publicly Offered Certificates and (2) the aggregate amount of any Realized Losses allocated to the Class I-A-2 Certificates, Class II-A-5 Certificates, Class III-A-2 Certificates and then, Subordinate Certificates and Basis Risk Shortfalls allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Publicly Offered Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA1, REMIC 2 I Regular Interest A-1MLTI-IA2, REMIC 2 I Regular Interest A-1WLTI-IIA1, REMIC 2 I Regular Interest A-2ALTI-IIA2, REMIC 2 I Regular Interest A-2BLTI-IIA3, REMIC 2 I Regular Interest A-2CLTI-IIA4, REMIC 2 I Regular Interest A-2DLTI-IIA5, REMIC 2 I Regular Interest M-1LTI-IIA6, REMIC 2 I Regular Interest M-2LTI-IIIA1, REMIC 2 I Regular Interest, M-3Interest LTI-IIIA2, REMIC 2 I Regular Interest M-4LTI-M1, REMIC 2 I Regular Interest M-5LTI-M2, REMIC 2 I Regular Interest M-6LTI-M3, REMIC 2 I Regular Interest, M-7Interest LTI-M4, REMIC 2 I Regular Interest M-8, LTI-M5 and REMIC 2 I Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP, REMIC I Regular Interest LTI-3SUB, REMIC I Regular Interest LTI-3GRP and REMIC I Regular Interest LTI-XX, PRO RATA based on, and to the extent of, one month's interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (NAAC Alternative Loan Trust, Series 2004-Ar4)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated the Accrued Certificate Interest for the REMIC 1 Regular Interests Class A, Class M and Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular Interest A-I and the Class C Certificates to the REMIC I Regular Interests ending with extent of one month's interest at the designation “B”then applicable Pass-Through Rate on the Notional Amount of each such Certificate and, pro rata thereafter, among the Class A Certificates and Class M Certificates on a PRO RATA basis based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestCertificate. For purposes of calculating the amount of Uncertificated Accrued Interest for the Uncertificated REMIC 2 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 1 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LT-AA, REMIC 2 1 Regular Interest A-1LT-A1, REMIC 2 1 Regular Interest A-1MLT-A2, REMIC 2 1 Regular Interest A-1WLT-A3, REMIC 2 1 Regular Interest A-2ALT-A4, REMIC 2 1 Regular Interest A-2BLT-M1, REMIC 2 1 Regular Interest A-2CLT-M2, REMIC 2 1 Regular Interest A-2DLT-M3, REMIC 2 1 Regular Interest M-1LT-M4, REMIC 2 1 Regular Interest M-2LT-M5, REMIC 2 1 Regular Interest, M-3Interest LT-M6, REMIC 2 1 Regular Interest M-4, LT-M7 and REMIC 2 1 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LT-ZZ, pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC 2 1 Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LT-1 and LT-1PF and then to REMIC 1 Regular Interests LT-P and LT-R, pro rata based on, and in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such Uncertificated REMIC 1 Regular Interest; provided, however, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to the REMIC 1 Regular Interests (other than REMIC 1 Regular Interest LT-1PF) in the order and then, priority described above and such amounts relating to the Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestLT-1PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest MT-AA and REMIC 2 Regular Interest MT-ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter any remaining Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated among REMIC 2 Regular Interest Interests MT-AA, REMIC 2 Regular Interest A-1MT-A1, REMIC 2 Regular Interest A-1MMT-A2, REMIC 2 Regular Interest A-1WMT-A3, REMIC 2 Regular Interest A-2AMT-A4, REMIC 2 Regular Interest A-2BMT-A5, REMIC 2 Regular Interest A-2CMT-M1, REMIC 2 Regular Interest A-2DMT-M2, REMIC 2 Regular Interest M-1MT-B, REMIC 2 Regular Interest M-2MT-ZZ, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-R and REMIC 2 Regular Interest ZZMT-P, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Accrued Interest, as calculated without application of each such REMIC 2 Regular Interestthis sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Pass Through Certificates Series 2002-2)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, Remittance Amount on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interestclass of Publicly Offered Certificates and (2) the aggregate amount of any Realized Losses allocated to the Class I-A-2, Class II-A-2 and then, Class III-A-4 Certificates and Subordinate Certificates and Basis Risk Shortfalls allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Publicly Offered Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA1, REMIC 2 I Regular Interest A-1MLTI-IA2, REMIC 2 I Regular Interest A-1WLTI-IIA1, REMIC 2 I Regular Interest A-2ALTI-IIA2, REMIC 2 I Regular Interest A-2BLTI-IIIA1, REMIC 2 I Regular Interest A-2CLTI-IIIA2, REMIC 2 I Regular Interest A-2DLTI-IIIA3, REMIC 2 I Regular Interest M-1LTI-IIIA4, REMIC 2 I Regular Interest M-2LTI-M1, REMIC 2 I Regular Interest, M-3Interest LTI-M2, REMIC 2 I Regular Interest M-4LTI-M3, REMIC 2 I Regular Interest M-5LTI-M4, REMIC 2 I Regular Interest M-6, LTI-M5 and REMIC 2 Regular Interest, M-7, REMIC 2 I Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP, REMIC I Regular Interest LTI-3SUB, REMIC I Regular Interest LTI-3GRP and REMIC I Regular Interest LTI-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corp. Series 2005-Ar5)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued the Interest for the REMIC 1 Regular Interests Remittance Amount for any Distribution Date, (1) the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular reduce the Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, Remittance Amount on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interestclass of Publicly Offered Certificates and (2) the aggregate amount of any Realized Losses allocated to the Class II-A-2, Class III-A-3, Class IV-A-2 and then, Subordinate Certificates and Basis Risk Shortfalls allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata Publicly Offered Certificates for any Distribution Date shall be allocated to the Class X Certificates based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances of each such REMIC 1 Regular InterestBalance thereof on any Distribution Date. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 I Regular Interests for any Distribution Date, : The REMIC I Marker Allocation Percentage of the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to among REMIC 2 I Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest LTI-AA, REMIC 2 I Regular Interest A-1LTI-IA, REMIC 2 I Regular Interest A-1MLTI-IIA1, REMIC 2 I Regular Interest A-1WLTI-IIA2, REMIC 2 I Regular Interest A-2ALTI-IIIA1, REMIC 2 I Regular Interest A-2BLTI-IIIA2, REMIC 2 I Regular Interest A-2CLTI-IIIA3, REMIC 2 I Regular Interest A-2DLTI-IVA1, REMIC 2 I Regular Interest M-1LTI-IVA2, REMIC 2 I Regular Interest M-2LTI-M1, REMIC 2 I Regular Interest, M-3Interest LTI-M2, REMIC 2 I Regular Interest M-4LTI-M3, REMIC 2 I Regular Interest M-5LTI-M4, REMIC 2 I Regular Interest M-6, LTI-M5 and REMIC 2 Regular Interest, M-7, REMIC 2 I Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LTI-ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such REMIC 2 I Regular Interest; and The REMIC I Sub WAC Allocation Percentage of the aggregate amount of any Net Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated to Uncertificated Accrued Interest payable to REMIC I Regular Interest LTI-1SUB, REMIC I Regular Interest LTI-1GRP, REMIC I Regular Interest LTI-2SUB, REMIC I Regular Interest LTI-2GRP, REMIC I Regular Interest LTI-3SUB, REMIC I Regular Interest LTI-3GRP, REMIC I Regular Interest LTI-4SUB, REMIC I Regular Interest LTI-4GRP and REMIC I Regular Interest LTI-XX, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC I Pass-Through Rate on the respective Uncertificated Principal Balance of each such REMIC I Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ACE Securities Corp Home Equity Trust 2005-He3)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of the Accrued Certificate Interest for the Class A, Class X and Class B Certificates for any Distribution Date, (1) the aggregate amount of any Net Interest Shortfalls for any Distribution Date shall be allocated among such Certificates in proportion to the amount of Interest Funds that would have been allocated to such Certificates in the absence of such Net Interest Shortfalls, and (2) the interest portion of Realized Losses shall be allocated first, to the Class B-6 Certificates, second to the Class B-5 Certificates, third to the Class B-4 Certificates, fourth to the Class B-3 Certificates, fifth to the Class B-2 Certificates and sixth to the Class B-1 Certificates, and following the Cross-Over Date, fourth to the Senior Certificates, on a pro rata basis. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 I Regular Interests (other than REMIC I Regular Interests P, PO and R-2/R-3) for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and interest portion of Realized Losses for any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans Distribution Date shall be allocated first, to among REMIC I Regular Interest A1-I and to the Sub, REMIC I Regular Interests ending with the designation “B”Interest 1-ZZZ, REMIC I Regular Interest 2-Sub, REMIC I Regular Interest 2-ZZZ and REMIC I Regular Interest X, pro rata rata, based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 I Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 I Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 II Regular Interests (other than REMIC II Regular Interests P, PO and R-3) for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect interest portion of the Mortgage Loans Realized Losses for any Distribution Date shall be allocated (i) with respect among such REMIC II Regular Interests as such amounts are allocable to the Mortgage LoansCorresponding Certificates; provided that, firstsolely for purposes of the foregoing, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal any shortfalls allocable to the REMIC 2 Interest Loss Allocation Amount, 98% Class A-6 Certificates shall be deemed to be allocated to the Class A-5 Certificates and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, Class A-7 Certificates on a pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance of each such REMIC 2 Regular Interestbasis.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac5)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LT-1 and LT-1PF and then to REMIC 1 Regular Interests LT-P and LT- R, pro rata based on, and in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such Uncertificated REMIC 1 Regular Interest; provided, however, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to the REMIC 1 Regular Interests (other than REMIC 1 Regular Interest LT-1PF) in the order and then, priority described above and such amounts relating to the Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestLT-1PF. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest MT-AA and REMIC 2 Regular Interest MT-ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter any remaining Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated among REMIC 2 Regular Interest Interests MT-AA, REMIC 2 Regular Interest A-1MT-A1, REMIC 2 Regular Interest A-1MMT-A2, REMIC 2 Regular Interest A-1WMT-A3, REMIC 2 Regular Interest A-2AMT-A4, REMIC 2 Regular Interest A-2BMT-M1, REMIC 2 Regular Interest A-2CMT-M2, REMIC 2 Regular Interest A-2DMT-B, REMIC 2 Regular Interest M-1MT-ZZ, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-R and REMIC 2 Regular Interest ZZMT-P, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Accrued Interest, as calculated without application of each such REMIC 2 Regular Interestthis sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Pass Through Cert Series 2002-4)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls (net of any Compensating Interest Payment) and any Relief Act Interest Shortfalls Reductions incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, first to REMIC I Regular Interest A-I and to the REMIC I 1 Regular Interests ending with the designation “B”LT-1, pro rata based onLT-1PF axx XX-0XX xxd then to REMIC 1 Regular Interests LT- IO, LT-P and LT-R, in each case to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balances Balance of each such Uncertificated REMIC 1 Regular Interest; provided, however, that with respect to the first three Distribution Dates, such amounts relating to the Initial Mortgage Loans shall be allocated to the REMIC 1 Regular Interests (other than REMIC 1 Regular Interests LT-1PF and then, REMIC 1 Regular Interest LT-2PF) in the order and priority described above and such amounts relating to the Group 1 Subsequent Mortgage Loans and Group 2 Subsequent Mortgage Loans shall be allocated to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, LT-1PF and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestInterest LT-2PF, respectively . For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest MT-AA and REMIC 2 Regular Interest MT-ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter any remaining Prepayment Interest Shortfalls (to the extent not covered by Compensating Interest) relating to the Mortgage Loans for any Distribution Date shall be allocated among REMIC 2 Regular Interest Interests MT- AA, REMIC 2 Regular Interest A-1MT-A1, REMIC 2 Regular Interest A-1MMT-A2, REMIC 2 Regular Interest A-1WMT-A3, REMIC 2 Regular Interest A-2AMT-M1, REMIC 2 Regular Interest A-2BMT-M2, REMIC 2 Regular Interest A-2CMT-B, REMIC 2 Regular Interest A-2DMT-ZZ, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B MT-R and REMIC 2 Regular Interest ZZMT-P, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates on the respective Uncertificated Principal Balance Accrued Interest, as calculated without application of each such REMIC 2 Regular Interestthis sentence.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mor Sec Corp Series 2002-1)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated the Accrued Certificate Interest for the REMIC 1 Regular Interests Class A, Class M and Class C Certificates for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated first, to REMIC I Regular Interest A-I and the Class C Certificates to the REMIC I Regular Interests ending with extent of one month's interest at the designation “B”then applicable Pass-Through Rate on the Notional Amount of each such Certificate and, pro rata thereafter, among the Class A Certificates and Class M Certificates on a PRO RATA basis based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balances Balance of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular InterestCertificate. For purposes of calculating the amount of Uncertificated Accrued Interest for the Uncertificated REMIC 2 1 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect to the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 1 Regular Interest LT-AA and REMIC 2 1 Regular Interest LT-ZZ up to an aggregate amount equal to the REMIC 2 1 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 1 Regular Interest LT-AA, REMIC 2 1 Regular Interest A-1LT-A1, REMIC 2 1 Regular Interest A-1MLT-A2, REMIC 2 1 Regular Interest A-1WLT- M1, REMIC 2 1 Regular Interest A-2ALT-M2, REMIC 2 1 Regular Interest A-2BLT-M3, REMIC 2 1 Regular Interest A-2CLT-M4, REMIC 2 1 Regular Interest A-2DLT-M5, REMIC 2 1 Regular Interest M-1LT-M6, REMIC 2 1 Regular Interest M-2LT-M7, REMIC 2 Regular Interest, M-3, REMIC 2 1 Regular Interest M-4, LT-M8 and REMIC 2 1 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest LT-ZZ, pro rata PRO RATA based on, and to the extent of, one month’s 's interest at the then applicable respective Uncertificated REMIC 2 1 Pass-Through Rates Rate on the respective Uncertificated Principal Balance of each such Uncertificated REMIC 2 1 Regular Interest.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Homestar Mortgage Accep Corp Asst Back Certs Ser 2004-1)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the The aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and (to the extent of, one month’s interest at not covered by payments by the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on Master Servicer or the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, Special Servicer pursuant to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among the Certificates (i) with respect to other than the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZClass PO Certificates), pro rata based onin accordance with, and to the extent of, of one month’s 's interest at the then applicable respective Uncertificated REMIC 2 Pass-Through Rates Rate on the respective Uncertificated Certificate Principal Balance or Notional Amount of each such Certificate immediately prior to such Distribution Date. The aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer or the Special Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among the REMIC 2 I Regular Interest.Interests (other than REMIC I Regular Interest I-LTPO1, REMIC I Regular Interest I-LTPO2, REMIC I Regular Interest I-LTPO3 and REMIC I Regular Interest I-LTPO4) on a pro rata basis based on their respective Uncertificated Balances. The aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer or the Special Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated among the REMIC II Regular Interests (other than REMIC II Regular Interest II-LTPO1, REMIC II Regular Interest II-LTPO2, REMIC II Regular Interest II-LTPO3 and REMIC II Regular Interest II-LTPO4) on a pro rata basis based on their respective Uncertificated Balances
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc Series 2004-Ncm2)
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Current Interest for the REMIC 1 Regular Interests Class A, Class M, Class B, Class C Certificates and Class C Interest for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls and any Relief Act Interest Shortfalls incurred in respect of Mortgage Loans shall be allocated first, to REMIC I Regular Interest A-I and to the REMIC I Regular Interests ending with the designation “B”, pro rata based on, and (to the extent of, one month’s interest at not covered by payments by the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on Company or the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest, and then, Master Servicer pursuant to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 Pass-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 Regular Interests for any Distribution Date, the aggregate amount of any Net Prepayment Interest Shortfalls Section 6.02) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans for any Distribution Date shall be allocated (i) with respect first, to the Class C Interest based on, and to the extent of, one month’s interest at the then applicable Pass-Through Rate on the Uncertificated Notional Amount thereof and, thereafter, among the Class A, Class M and Class B Certificates, in each case on a pro rata basis based on, and to the extent of, one month’s interest at the then applicable respective Pass-Through Rates on the respective Certificate Principal Balances of each such Certificate. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC I Regular Interests for any Distribution Date, the aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Company or the Master Servicer) and any Relief Act Interest Shortfalls incurred in respect of the Mortgage Loans, Loans for any Distribution Date shall be allocated first, to Uncertificated Accrued Interest payable to REMIC 2 I Regular Interest AA and REMIC 2 I Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 I Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 I Regular Interest AA, REMIC 2 I Regular Interest A-1, REMIC 2 I Regular Interest A-1MA-2, REMIC 2 I Regular Interest A-1WA-3, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 I Regular Interest M-1, REMIC 2 I Regular Interest M-2, REMIC 2 I Regular Interest, Interest M-3, REMIC 2 I Regular Interest M-4, REMIC 2 I Regular Interest M-5, REMIC 2 I Regular Interest M-6B-1, REMIC 2 I Regular Interest, M-7Interest B-2, REMIC 2 I Regular Interest M-8B-3, REMIC 2 I Regular Interest B B-4 and REMIC 2 I Regular Interest ZZ, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 2 I Pass-Through Rates on the respective Uncertificated Principal Balance Balances of each such REMIC 2 I Regular Interest.
Appears in 1 contract
Allocation of Certain Interest Shortfalls. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 1 Regular Interests for any Distribution Date, the The aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of the Group 1 Mortgage Loans for any Distribution Date shall be allocated first, to the Class 1-CE Certificates based on, and to the extent of, one month’s interest at the then applicable Pass Through Rate on the Notional Amount of the Class 1-CE Certificates and, thereafter, among the Group 1 Offered Certificates on a pro rata basis based on, and to the extent of one month’s interest at the then applicable respective Pass Through Rate on the respective Certificate Principal Balances of such Certificates immediately prior to such Distribution Date. For purposes of calculating the amount of Uncertificated Interest for the REMIC I-A Regular Interests for any Distribution Date: The aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of Collateral Pool 1 for any Distribution Date shall be allocated among REMIC I-A Regular Interest LT-AA, REMIC I-A Regular Interest LT-1A1, REMIC I Regular Interest ALT-1A2, REMIC I-I A Regular Interest LT-1A3, REMIC I-A Regular Interest LT-1A4, REMIC I-A Regular Interest LT-1M1, REMIC I-A Regular Interest LT-1M2, REMIC I-A Regular Interest LT-1M3, REMIC I-A Regular Interest LT-1M4 and to the REMIC I I-A Regular Interests ending with the designation “B”, Interest LTZZ pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 PassI-Through Rates A Remittance Rate on the respective Uncertificated Principal Balances Balance of each such REMIC 1 Regular Interest, and then, to REMIC 1 Regular Interests ending with the designation “A”, pro rata based on, and to the extent of, one month’s interest at the then applicable respective Uncertificated REMIC 1 PassI-Through Rates on the respective Uncertificated Principal Balances of each such REMIC 1 A Regular Interest. For purposes of calculating the amount of Uncertificated Accrued Interest for the REMIC 2 II-A Regular Interests for any Distribution Date, the : The aggregate amount of any Net Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of Collateral Pool 2 for any Distribution Date shall be allocated among the REMIC II-A Regular Interests in the same manner and priority that such amounts are allocated to the Corresponding Certificates. The aggregate amount of any Prepayment Interest Shortfalls (to the extent not covered by payments by the Master Servicer pursuant to Section 3.24) and any Relief Act Interest Shortfalls incurred in respect of the Group 2 Mortgage Loans for any Distribution Date shall be allocated (i) with respect to among the Mortgage Loans, first, to Uncertificated Accrued Interest payable to REMIC 2 Regular Interest AA and REMIC 2 Regular Interest ZZ up to an aggregate amount equal to the REMIC 2 Interest Loss Allocation Amount, 98% and 2%, respectively, and thereafter among REMIC 2 Regular Interest AA, REMIC 2 Regular Interest A-1, REMIC 2 Regular Interest A-1M, REMIC 2 Regular Interest A-1W, REMIC 2 Regular Interest A-2A, REMIC 2 Regular Interest A-2B, REMIC 2 Regular Interest A-2C, REMIC 2 Regular Interest A-2D, REMIC 2 Regular Interest M-1, REMIC 2 Regular Interest M-2, REMIC 2 Regular Interest, M-3, REMIC 2 Regular Interest M-4, REMIC 2 Regular Interest M-5, REMIC 2 Regular Interest M-6, REMIC 2 Regular Interest, M-7, REMIC 2 Regular Interest M-8, REMIC 2 Regular Interest B and REMIC 2 Regular Interest ZZ, related Certificates pro rata based onin accordance with, and to the extent of, of one month’s interest at the then applicable respective Uncertificated REMIC 2 Pass-Pass Through Rates Rate on the respective Uncertificated Certificate Principal Balance Balances or Notional Amounts of each such REMIC 2 Regular InterestCertificates immediately prior to such Distribution Date.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Ar9)
