Application of Subsequent Recoveries Sample Clauses

Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied, first, concurrently, to the Classes of Senior Certificates, pro rata based on the Unpaid Realized Loss Amounts for each Class, to increase the Class Certificate Balance of the Senior Certificates in an amount up to the amount of Unpaid Realized Losses on each such Class of Certificates; provided, however that any amounts allocable to the Class 2-A-2B Certificates will be allocated to the Class 2-A-2A Certificates in an amount up to the Unpaid Realized Loss Amount for that Class and, second, to the Classes of Subordinated Certificates in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, but in each case by not more than the amount of Unpaid Realized Losses on that Class of Certificates. Holders of such Certificates will not be entitled to any payment in respect of Current Interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance of each Certificate of such Class.
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Application of Subsequent Recoveries. On each Distribution Date, the Trust Administrator shall allocate the amount of the Subsequent Recoveries, if any, on Group I Mortgage Loans, to increase the Class Principal Balance of the Classes of Group I Certificates to which Applied Realized Loss Amounts have been allocated, sequentially, (I) first, concurrently, pro rata based on the Applied Realized Loss Amounts previously allocated to the Subgroup I-1 and Subgroup I-2 Certificates, (a) to the Class I-1A Certificates, by not more than the amount of the Unpaid Realized Loss Amount for such Class and (b) sequentially, (i) first, concurrently (pro rata, with respect to subclause (x) below based on the aggregate Unpaid Realized Loss Amounts with respect to the Class I 2A1 and Class I 2A2 Certificates, and with respect to subclause (y) below based on the aggregate Unpaid Realized Loss Amounts with respect to the Class I 2A3 Certificates) (x) sequentially, to the Class I-2A1 and Class I-2A2 Certificates, in that order, in each case, by not more than the amount of the Unpaid Realized Loss Amount for such Class and (y) to the Class I-2A3 Certificates, by not more than the amount of the Unpaid Realized Loss Amount for such Class and (ii) second, to the Class I-2A4 Certificates, by not more than the amount of the Unpaid Realized Loss Amount for such Class and (II) second, sequentially, to the Class I-M1, Class I-M2, Class I-M3, Class I-M4, Class I-M5, Class I-M6 and Class I-M7 Certificates, in that order, in each case by not more than the amount of the Unpaid Realized Loss Amount of such Class. Holders of Group I Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.
Application of Subsequent Recoveries. On each Distribution Date, the Trust Administrator shall allocate the amount of the Subsequent Recoveries, if any, to increase the Class Principal Balance of the Classes of Certificates to which Applied Realized Loss Amounts have been previously allocated, first, pro rata based on the Applied Realized Loss Amounts previously allocated the Group 1 Certificates, Group 2 Certificates, Group 3 Certificates and Group 4 Certificates, (a) sequentially, to the Class 1-A-1, Class 1-A-2 and Class 1-A-3 Certificates, in that order, in each case by not more than the amount of the Unpaid Realized Loss Amount for each such Class, (b) sequentially, to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, in that order, in each case by not more than the amount of the Unpaid Realized Loss Amount for each such Class, (c) sequentially, to the Class 3-A-1 and Class 3-A-2 Certificates, in that order, in each case by not more than the amount of the Unpaid Realized Loss Amount for each such Class and (d) sequentially, first, to the Class 4-A-1A and Class 4-A-1B Certificates, pro rata based on Class Principal Balance and second, to the Class 4-A-2 Certificates, in each case by not more than the amount of the Unpaid Realized Loss Amount for such Class, and second, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, in each case by not more than the amount of the Unpaid Realized Loss Amount of such Class. Holders of Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.
Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied (i) to the Class A-1 Certificates to increase the Class Certificate Balance of the Class A-1 Certificates in an amount up to the Unpaid Realized Loss Amount for such Class of Certificates and (ii) to the Classes of Subordinated Certificates in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, in an amount up to Unpaid Realized Loss Amount for that Class of Certificates. Holders of Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.
Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied, first, concurrently to the Class A-1, Class A-2 and Class A-3 Certificates, pro rata, based on their respective Unpaid Realized Loss Amounts, second to the Class A-4 Certificates, and, third, sequentially, in the order of payment priority, to each Class of Subordinated Certificates, to increase the Class Certificate Balance of each such Class to which Realized Losses have been allocated but in by not more than the amount of Unpaid Realized Loss Amounts on that Class of Certificates. Holders of such Certificates will not be entitled to any payment in respect of Current Interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance of each Certificate of such Class.
Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan in a Loan Group, the amount of such Subsequent Recoveries will be applied, first, sequentially, to the related Senior Certificates, to increase the Class Certificate Balance of those Classes in an amount up to the amount of Unpaid Realized Loss Amounts on each such Class, and, second, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, but in each case by not more than the amount of Unpaid Realized Loss Amounts on that Class of Certificates. Holders of such Certificates will not be entitled to any payment in respect of Current Interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance of each Certificate of such Class.
Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied (i) sequentially (x) concurrently, to the Class X-0, Xxxxx X-0, Class A-3 and Class A-4 Certificates, in an amount up to the Unpaid Realized Loss Amount for each such Class, pro rata, based on the Unpaid Realized Loss Amount for each such Class and (y) to the Class A-5 Certificates, in an amount up to the Unpaid Realized Loss Amount for such Class and (ii) to the Classes of Subordinated Certificates in the order of payment priority, to increase the Class Certificate Balance of each Class of Subordinated Certificates to which Realized Losses have been allocated, in an amount up to the Unpaid Realized Loss Amount for that Class of Certificates. Holders of Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.
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Application of Subsequent Recoveries. On each Distribution Date, the Trust Administrator shall allocate the amount of the Subsequent Recoveries, if any, to increase the Class Principal Balance of the Classes of Mezzanine Certificates to which Allocated Realized Loss Amounts have been previously allocated, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8 and Class M-9 Certificates, in that order, in each case by not more than the amount of the Unpaid Realized Loss Amount of such Class. Holders of Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.
Application of Subsequent Recoveries. On each Distribution Date, the Trust Administrator shall allocate the amount of the Subsequent Recoveries, if any, to increase the Class Principal Balance of the Classes of Certificates to which Applied Realized Loss Amounts have been previously allocated, first, to the Class A-2 Certificates by not more than the amount of the Unpaid Realized Loss Amount for such Class, and second, sequentially, to the Class X-0, Xxxxx X-0, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7 and Class M-8 Certificates, in that order, in each case by not more than the amount of the Unpaid Realized Loss Amount of such Class. Holders of Certificates to which any Subsequent Recoveries have been allocated shall not be entitled to any payment in respect of Current Interest on the amount of such increases for any Accrual Period preceding the Distribution Date on which such increase occurs.
Application of Subsequent Recoveries. If Subsequent Recoveries have been received with respect to a Liquidated Mortgage Loan, the amount of such Subsequent Recoveries will be applied sequentially, in the order of payment priority, to increase the Class Certificate Balance of each Class of Certificates to which Realized Losses have been allocated, but in each case by not more than the amount of Applied Realized Loss Amounts previously allocated to that Class of Certificates pursuant to Section 4.02(e). Holders of such Certificates will not be entitled to any payment in respect of Current Interest on the amount of such increases for any Interest Accrual Period preceding the Distribution Date on which such increase occurs. Any such increases shall be applied pro rata to the Certificate Balance of each Certificate of such Class.
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