Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the Classes of Certificates (or, with respect to the Class X Certificates, the Class PO Certificates) in proportion to the excess, if any, for each such Class of (i) the Monthly Interest Distributable Amount accrued at the Pass-Through Rate for such Class, over (ii) the amount of the Monthly Interest Distributable Amount for such Class calculated at the applicable Adjusted Cap Rate for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of Certificates (other than the Interest-Only Certificates) on such Distribution Date will be added as principal to the outstanding Class Principal Balance of such Class of Certificates. With respect to the Class X Certificates and each Distribution Date, any amount of Net Deferred Interest added to the Principal Balances of the related Mortgage Loans that is allocated to the Class X Certificates on such Distribution Date will be added as principal to the outstanding Class Principal Balance of the Class PO Certificates.
Allocation of Net Deferred Interest. For any Distribution Date, Net Deferred Interest shall be allocated to each Class of LIBOR Certificates in an amount equal to the excess, if any, of (i) the amount that would have been the Monthly Interest Distributable Amount for such Class if the Monthly Interest Distributable Amount for such Class had been computed at the Pass-Through Rate for such Class, over (ii) the actual Monthly Interest Distributable Amount for such Class. On each Distribution Date, any amount of Net Deferred Interest allocable to a Class of LIBOR Certificates on such Distribution Date shall be added as Principal to the outstanding Class Principal Balance of such Class of Certificates. Any Net Deferred Interest that is not allocable to any Class of LIBOR Certificates pursuant to the first sentence of this paragraph shall be allocated to the Class C Certificates and thereby increase the Overcollateralized Amount.
Allocation of Net Deferred Interest. (a) For any Distribution Date, the Net Deferred Interest on the Mortgage Loans in a Loan Group will be allocated among the Classes of Certificates (or, with respect to the Class A-X-2 Certificates, the Class A-X-2 IO Component) pursuant to clause (c) below.
Allocation of Net Deferred Interest. (a) For any Distribution Date, the Senior Percentage of the Net Deferred Interest will be allocated among the Senior Certificates and the Subordinated Percentage of the Net Deferred Interest will be allocated to the Subordinated Certificates. Among the Senior Certificates or the Subordinated Certificates, as applicable, the Net Deferred Interest allocated to a Class of Certificates shall be an amount equal to the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates or its related Notional Amount Components at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date over (ii) the amount of interest that accrued on such Class of Certificates or its related Notional Amount Components at the related Adjusted Rate Cap during the Interest Accrual Period related to that Distribution Date.
Allocation of Net Deferred Interest. On each Distribution Date, the Net Deferred Interest for each Loan Group will be allocated as follows: the Senior Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Senior Certificates in the related Senior Certificate Group and the Subordinated Percentage of that Net Deferred Interest will be allocated, in the aggregate, to the Subordinated Certificates. Within the Classes of Senior Certificates in any Senior Certificate Group, on each Distribution Date, the Senior Percentage of the Net Deferred Interest for the related Loan Group, if any, that will be allocated to any such Class, will be equal to (a) with respect to each Class of Senior LIBOR Certificates, the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date, over (ii) the amount of interest that accrues on such Class at the related Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date, (b) with respect to each Class of Class X Certificates, the Senior Percentage of any Net Deferred Interest with respect to the related Loan Group remaining after allocation to the related Senior LIBOR Certificates pursuant to clause (a) of this sentence, and (c) with respect to the Class A-R Certificates, its interest entitlement for that Distribution Date. Any Net Deferred Interest allocated to a Class of Senior LIBOR Certificates shall be added to the Class Certificate Balance thereof and any Net Deferred Interest allocated to the Class 1-X or Class 2-X Certificates shall be added to the Component Principal Balance of the Principal and Interest Component of such Class. Within the Subordinated Certificates, on each Distribution Date, the Subordinated Percentage of the Net Deferred Interest, if any, for a Loan Group or Subgroup that will be added to the Class Certificate Balance of each class of Subordinated Certificates will be equal to the excess, if any, of (i) the amount of interest that accrued on such class of certificates at its respective pass through rate during the interest accrual period related to that Distribution Date, over (ii) the amount of interest that accrues on such class at the Subordinated Adjusted Cap Rate for the Interest Accrual Period related to that Distribution Date. On each Distribution Date, the Senior Percentage of the Net Deferred Interest, if any, that will be added to the Class Certi...
Allocation of Net Deferred Interest. To the extent that there is Net Deferred Interest on a Distribution Date, the Net Deferred Interest on the Mortgage Loans will be allocated among the LIBOR Certificates, pro rata, according to the Class Certificate Balance of each such Class in reduction of the amount of interest otherwise distributable to that Class; provided, however, the amount of Net Deferred Interest allocated to any Class of Certificates on a Distribution Date will not exceed the amount of Current Interest for that Class for that Distribution Date. To the extent that any Net Deferred Interest allocated to a Class of Certificates would exceed the amount of Current Interest for that Class for that Distribution Date, the amount of that excess will be allocated to the Class C Certificates to the extent distributions would otherwise be made to the Class C Certificates. Thereafter, that excess amount will be allocated among the Classes of Certificates, in proportion to, and up to, the amount of any remaining interest otherwise distributable on the Certificates.
Allocation of Net Deferred Interest. For any Distribution Date, the Net Deferred Interest, if any, will be allocated among the Offered Certificates in an amount equal to the excess, if any, for each such Class of (i) the interest accrued at the applicable Pass-Through Rate for the applicable Accrual Period on the Certificate Principal Balance of such Class immediately prior to such Distribution Date, over (ii) the amount that would have been calculated in clause (i) had the Pass-Through Rate for such Class equaled the Adjusted Rate Cap for such class and such Distribution Date. Any Net Deferred Interest Allocated to a Class of Certificates will be added to the Certificate Principal Balance of the applicable Class of Certificates.
Allocation of Net Deferred Interest. (a) For any Distribution Date, Net Deferred Interest will be allocated among the Classes of interest-bearing Certificates in an amount equal to the excess, if any, of (i) the amount of interest that accrued on such Class of Certificates at its respective Pass-Through Rate during the Interest Accrual Period related to that Distribution Date over (ii) the amount of interest that accrued on such Class of Certificates at its respective Adjusted Cap Rate during the Interest Accrual Period related to that Distribution Date.
Allocation of Net Deferred Interest. 84 SECTION 5.03. Allocation of Realized Losses. 85 SECTION 5.04. Statements. 86 SECTION 5.05. Remittance Reports; Advances. 89 SECTION 5.06. [Reserved] 90
Allocation of Net Deferred Interest. (a) For any Distribution Date, Net Deferred Interest for any Loan Group shall be allocated among the Classes of Senior Certificates related to such Loan Group and the Classes of Subordinate Certificates based on, in the case of each Class of Senior Certificates related to such Loan Group, the interest accrued on each such Class for the related Accrual Period, and, in the case of each Class of Subordinate Certificates, based on the interest accrued on each such Class allocable to the portion of such Class allocable to such Loan Group. For this purpose, the portion of the interest accrued on any Class of Subordinate Certificates allocable to any Loan Group shall be equal to the product of (i) the total amount of interest accrued on such Class for the Accrual Period multiplied by (ii) the quotient of (a) the Subordinate Component for such Loan Group and such Distribution Date divided by (b) the sum of the Subordinate Components for all such Loan Groups for such Distribution Date.
