Allocation of Realized Losses and Additional Trust Fund Expenses Clause Samples

Allocation of Realized Losses and Additional Trust Fund Expenses. (a) On each Distribution Date, following the deemed distributions to be made in respect of the REMIC I Regular Interests pursuant to Section 4.01(a), the Uncertificated Principal Balance of each REMIC I Regular Interest (after taking account of such deemed distributions) shall be reduced to equal the Stated Principal Balance (for purposes of this calculation only, not giving effect to any reductions of the Stated Principal Balance for payments of principal collected on the Mortgage Loans that were used to reimburse any Workout-Delayed Reimbursement Amounts pursuant to Section 3.05(a)(vii) to the extent the related Unliquidated Advances are not otherwise deemed to be Nonrecoverable Advances) of the related Mortgage Loan or REO Loan or, if applicable, Replacement Mortgage Loan(s) that will be outstanding 248 (b) On each Distribution Date, following the payments deemed to be made to REMIC III in respect of the REMIC II Regular Interests on such date pursuant to Section 4.01(b), the Trustee shall determine the amount, if any, by which (i) the then aggregate Uncertificated Principal Balance of REMIC II Regular Interests ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇▇-▇, ▇▇-▇▇-▇▇, ▇▇-▇▇-▇▇, ▇▇-▇▇-▇▇, ▇▇-▇▇-▇▇, LA-1A-2E, LA-1A-2F, LA-1A-2G, LA-1A-2H, LA-1A-2I, LA-1A-2J, LA-1A-2K, LA-1A-2L, LA-1A-2M, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, ▇▇-▇-▇, LA-2-G, LA-3-A, LA-3-B, LA-4-A, LA-4-B, LA-5-A, LA-5-B, LA-5-C, LA-5-D, LA-5-E, LA-M, LA-J, LB, LC, LD-A, LD-B, LE-A, LE-B, LE-C, LF-A, LF-B, LF-C, LG-A, LG-B, LG-C, LH-A, LH-B, LJ-A, LJ-B, LK, LL-A, LL-B, LM, LN, LO, and LP exceeds (ii) an amount equal to the aggregate Stated Principal Balance (for purposes of this calculation only, not giving effect to any reductions of the Stated Principal Balance for payments of principal collected on the Mortgage Loans that were used to reimburse any Workout-Delayed Reimbursement Amounts pursuant to Section 3.05(a)(vii) to the extent the related Unliquidated Advances are not otherwise deemed to be Nonrecoverable Advances) that will be outstanding immediately following such Distribution Date. If such excess does exist, then the respective Uncertificated Principal Balances of such REMIC II Regular Interests shall be reduced such that the Uncertificated Principal Balance of each REMIC II Regular Interest corresponds with the Certificate Principal Balance of the corresponding Class of Principal Balance Certificates outstanding after the subsequent adjustments made on such Distribution Date under Section 4.04(c) ...

Allocation of Realized Losses and Additional Trust Fund Expenses. (a) On each Distribution Date, following the distributions to be made to the Class FM Certificateholders on such date pursuant to Section 4.01(j), the Trustee shall determine with respect to the FM Component Mortgage Loan the amount, if any, by which (i) the sum of (A) the FM Component Mortgage Loan Senior Balance and (B) the FM Component Mortgage Loan Subordinate Balance exceed (ii) the Stated Principal Balance of the FM Component Mortgage Loan that will be outstanding immediately following such Distribution Date. If such excess does exist with respect to the FM Component Mortgage Loan, then the FM Subordinate Mortgage Loan Subordinate Balance shall be reduced until such excess or the FM Subordinate Mortgage Loan Subordinate Balance is reduced to zero (whichever occurs first). On each Distribution Date, following the distributions to be made to the Class SM Certificateholders on such date pursuant to Section 4.01(k), the Trustee shall determine with respect to the SM Component Mortgage Loan the amount, if any, by which (i) the sum of (A) the SM Component Mortgage Loan Senior Balance and (B) the SM Component Mortgage Loan Subordinate Balance exceed (ii) the Stated Principal Balance of the SM Component Mortgage Loan that will be outstanding immediately following such Distribution Date. If such excess does exist with respect to the SM Component Mortgage Loan, then the SM Subordinate Mortgage Loan Subordinate Balance shall be reduced until such excess or the SM Subordinate Mortgage Loan Subordinate Balance is reduced to zero (whichever occurs first). On each Distribution Date, following the distributions to be made to the Class LM Certificateholders on such date pursuant to Section 4.01(l), the Trustee shall determine with respect to the LM Component Mortgage Loan the amount, if any, by which (i) the sum of (A) the LM Component Mortgage Loan Senior Balance and (B) the LM Component Mortgage Loan Subordinate Balance exceed (ii) the Stated Principal Balance of the LM Component Mortgage Loan that will be outstanding immediately following such Distribution Date. If such excess does exist with respect to the LM Component Mortgage Loan, then the LM Subordinate Mortgage Loan Subordinate Balance shall be reduced until such excess or the LM Subordinate Mortgage Loan Subordinate Balance is reduced to zero (whichever occurs first). On each Distribution Date, following the distributions to be made to the Regular Certificateholders, other than the Class FM, Class SM and Cl...

Allocation of Realized Losses and Additional Trust Fund Expenses. (a) On each Distribution Date, following all distributions to be made on such date pursuant to Section 4.01, the Certificate Administrator shall allocate to the respective Classes of Principal Balance Certificates as follows the aggregate of all Realized Losses and Additional Trust Fund Expenses that were incurred at any time following the Cut-off Date through the end of the related Collection Period or Underlying Collection Period, as applicable, and in any event that were not previously allocated pursuant to this Section 4.04(a) on any prior Distribution Date, but only to the extent that (i) the aggregate of the Class Principal Balances of the Principal Balance Certificates as of such Distribution Date (after taking into account all of the distributions made on such Distribution Date pursuant to Section 4.01), exceeds (ii) the aggregate Stated Principal Balance of, and any Unliquidated Advances with respect to, the Mortgage Pool that will be outstanding immediately following such Distribution Date: first, sequentially, to the Class T Certificates, the Class S Certificates, the Class Q Certificates, the Class P Certificates, the Class N Certificates, the Class M Certificates, the Class L Certificates, the Class K Certificates, the Class J Certificates, the Class H Certificates, the Class G Certificates, the Class F Certificates, the Class E Certificates, the Class D Certificates, the Class C Certificates and the Class B Certificates, in that order, in each case until the remaining Class Principal Balance thereof is reduced to zero; second, pro rata (based on remaining Class Principal Balances) to the Class AM and Class AM-A Certificates until the respective Class Principal Balances thereof are reduced to zero; third, pro rata (based on remaining Class Principal Balances) to the Class AJ and Class AJ-A Certificates until the respective Class Principal Balances thereof are reduced to zero; and then, pro rata (based on remaining Class Principal Balances) to the Class A-1, Class ▇-▇, ▇▇▇▇▇ ▇-▇, Class A-SB, Class A-4 and Class A-1A Certificates until the respective Class Principal Balances thereof are reduced to zero. Any allocation of Realized Losses and Additional Trust Fund Expenses to a Class of Principal Balance Certificates shall be made by reducing the Class Principal Balance thereof by the amount so allocated. All Realized Losses and Additional Trust Fund Expenses, if any, allocated to a Class of Principal Balance Certificates shall be allocated among ...

Allocation of Realized Losses and Additional Trust Fund Expenses. On each Distribution Date, following the distributions to be made to the Certificateholders on such date pursuant to Section 4.01(b), the Trustee shall determine the amount, if any, by which (i) the then aggregate Certificate Principal Balance of the Sequential Pay Certificates, exceeds (ii) the aggregate Stated Principal Balance of the Mortgage Pool that will be outstanding immediately following such Distribution Date. If such excess does exist, then the Class Principal Balances of the Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates shall be reduced sequentially, in that order, in each case, until such excess or the related Class Principal Balance is reduced to zero (whichever occurs first). If, after the foregoing reductions, the amount described in clause (i) of the second preceding sentence still exceeds the amount described in clause (ii) of the second preceding sentence, then the respective Class Principal Balances of the Class A-1, Class A-2 and Class A-3 Certificates shall be reduced, pro rata in accordance with the relative sizes of the then outstanding Class Principal Balances of such Classes of Certificates, until such excess or each such Class Principal Balance is reduced to zero (whichever occurs first). Such reductions in the Class Principal Balances of the respective Classes of the Sequential Pay Certificates shall be deemed to be allocations of Realized Losses and Additional Trust Fund Expenses.

Allocation of Realized Losses and Additional Trust Fund Expenses