Common use of Allocation of Net Deferred Interest Clause in Contracts

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. (a) For any Distribution Date, Net Deferred Interest will be allocated among the Classes of interest interest-bearing Certificates in an amount equal to the excess, if any, of: 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. (a) For any Distribution Date, the Net Deferred Interest will allocated to a Class of Certificates shall be allocated among the Classes of interest bearing Certificates in an amount equal to the excess, if any, of: of (i) the amount of interest that accrued on such Class of Certificates at its respective the applicable 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 the related Adjusted Cap Rate during the Interest Accrual Period related to that Distribution Date.

Allocation of Net Deferred Interest. (a) For any Distribution Date, Net Deferred Interest will be allocated among the Classes of interest interest-bearing Certificates in an amount equal to the excess, if any, of: 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 Rate Cap Rate during the Interest Accrual Period related to that Distribution Date.