Common use of Allocation of Tranche Write-down Amounts to the Reference Tranches Clause in Contracts

Allocation of Tranche Write-down Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, after allocation of the Senior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 1, the Tranche Write-down Amount for the Group 1 Notes, if any, for such Payment Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 1 for such Payment Date until the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (A) first, to the Class 1B and Class 1B-H Reference Tranches, pro rata, based on their Class Notional Amounts, (B) second, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts, (C) third, to the Class 1M-2A and Class 1M-AH Reference Tranches, (D) fourth, to the Class 1M-1 and Class 1M-1H Reference Tranches, (E) fifth, to the Class 1A-H Reference Tranche. (ii) On each Payment Date on or prior to the Group 2 Termination Date, after allocation of the Senior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 2, the Tranche Write-down Amount for the Group 2 Notes, if any, for such Payment Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 2 for such Payment Date until the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (A) first, to the Class 2B-H Reference Tranche, (B) second, to the Class 2M-2B and Class 2M-BH Reference Tranches, pro rata, based on their Class Notional Amounts, (C) third, to the Class 2M-2A and Class 2M-AH Reference Tranches, (D) fourth, to the Class 2M-1 and Class 2M-1H Reference Tranches, (E) fifth, to the Class 2A-H Reference Tranche.

Allocation of Tranche Write-down Amounts to the Reference Tranches. (i) On each Payment Date on or prior to the Group 1 Termination Date, after allocation of the Senior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 1, the Tranche Write-down Amount for the Group 1 Notes, if any, for such Payment Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 1 for such Payment Date until the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Group 1 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (A) first, to the Class 1B and Class 1B-H Reference Tranche, (B) second, to the Class 1M-2 and Class 1M-2H Reference Tranches, (C) third, to the Class 1M-1 and Class 1M-1H Reference Tranches, pro rata, based on their Class Notional Amounts, (B) second, to the Class 1M-2B and Class 1M-BH Reference Tranches, pro rata, based on their Class Notional Amounts, (C) third, to the Class 1M-2A and Class 1M-AH Reference Tranches,and (D) fourth, to the Class 1M-1 and Class 1M-1H Reference Tranches, (E) fifth, to the Class 1A-H Reference Tranche. (ii) On each Payment Date on or prior to the Group 2 Termination Date, after allocation of the Senior Reduction Amount and Subordinate Reduction Amount with respect to Loan Group 2, the Tranche Write-down Amount for the Group 2 Notes, if any, for such Payment Date, will be allocated, first, to reduce any Overcollateralization Amount for Loan Group 2 for such Payment Date until the Overcollateralization Amount is reduced to zero, and, second, to reduce the Class Notional Amount of each Group 2 Reference Tranche in the following order of priority, in each case until its Class Notional Amount is reduced to zero: (A) first, to the Class 2B-H Reference Tranche, (B) second, to the Class 2M-2B 2M-2 and Class 2M-BH 2M-2H Reference Tranches, (C) third, to the Class 2M-1 and Class 2M-1H Reference Tranches, pro rata, based on their Class Notional Amounts, (C) third, to the Class 2M-2A and Class 2M-AH Reference Tranches,and (D) fourth, to the Class 2M-1 and Class 2M-1H Reference Tranches, (E) fifth, to the Class 2A-H Reference Tranche.