Group I Certificates. On the Class A-3 Termination Date any portion of the Remaining Group I Principal Distribution Amount remaining on such Payment Date following the reduction to zero of the Class A-3 Principal Balance shall be distributed as the initial principal distribution on the Class A-4 Group I Certificates.
Group I Certificates. 29 Group I Credit Support Depletion Date.................................29
Group I Certificates. (i) Realized Losses with respect to a Group I Mortgage Loan will be allocated on a pro rata basis between the related PO Percentage of the Scheduled Principal Balance of such Group I Mortgage Loan and the related Non-PO Percentage of such Scheduled Principal Balance.
Group I Certificates. The Class I-A-1, Class AR and Class AR-L Certificates. Group II Certificates: The Class II-A-1, Class II-A-2, Class II-A-3, Class II-A-4 and Class II-X Certificates. Group III Certificates: The Class III-A-1 Certificates. Group IV Certificates: The Class IV-A-1 Certificates. Group V Certificates: The Class V-A-1 and Class V-X Certificates. Group VI Certificates: The Class VI-A-1, Class VI-M-1, Class VI-M-2, Class VI-M-3 and Class VI-X Certificates. Group C-B Certificates: The Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates. Notional Amount Certificates: The Class II-X, Class V-X and Class VI-X Certificates. LIBOR Certificates: Class VI-A-1, Class VI-M-1, Class VI-M-2 and Class VI-M-3 Certificates. Offered Certificates: All Classes of Certificates other than the Private Certificates. Private Certificates: The Class C-B-4, Class C-B-5, Class C-B-6 and Class VI-X Certificates. Physical Certificates: The Class AR, Class AR-L and the Private Certificates. Rating Agencies: Xxxxx’x and S&P. Regular Certificates: All Classes of Certificates other than the Class AR and Class AR-L Certificates. Residual Certificates: The Class AR and Class AR-L Certificates. Senior Certificates: The Class A Certificates. Subordinate Certificates: The Class M, Class C-B and Class VI-X Certificates. All covenants and agreements made by the Depositor herein are for the benefit and security of the Certificateholders. The Depositor is entering into this Agreement, and the Trustee is accepting the trusts created hereby and thereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The principal balance of the Mortgage Loans as of the Cut-off Date is $951,729,997.00. The parties hereto intend to effect an absolute sale and assignment of the Mortgage Loans to the Trustee for the benefit of Certificateholders under this Agreement. However, the Depositor and each Seller will hereunder absolutely assign and, as a precautionary matter grant a security interest, in and to its rights, if any, in the related Mortgage Loans to the Trustee on behalf of Certificateholders to ensure that the interest of the Certificateholders hereunder in the Mortgage Loans is fully protected.
Group I Certificates. 26 Group I, Group II and Group III Premium Rate Mortgage Loans...................................26
Group I Certificates. The Group I Senior Certificates, Group I Subordinate Certificates, Class I-P Certificates and Class I-R Certificates.
Group I Certificates. On each Distribution Date, the Group I Available Funds will be distributed as follows:
Group I Certificates. On each Distribution Date, an amount equal to the Available Distribution Amount for such Distribution Date shall be withdrawn by the Securities Administrator to the extent of funds in the related Distribution Account and distributed in the following order of priority:
Group I Certificates. Any Realized Losses on the Group I Loans will be applied on any Distribution Date as follows: first, to related Net Monthly Excess Cashflow through payment of the related Overcollateralization Increase Amount, second, in reduction of the related Overcollateralization Amount until reduced to zero, third, to the Class I-B-4 Certificates, fourth, to the Class I-B-3 Certificates, fifth, to the Class I-B-2 Certificates, sixth, to the Class I-B-1 Certificates, seventh, to the Class I-M-5 Certificates, eighth, to the Class I-M-4 Certificates, ninth, to the Class I-M-3 Certificates, tenth, to the Class I-M-2 Certificates, eleventh, to the Class I-M-1 Certificates, and twelfth, to the Class I-A Certificates. Any reduction to the Certificate Principal Balance of a Certificate is an Applied Realized Loss Amount. Once Realized Losses have been allocated to a Class of Class I-A, Class I-M or Class I-B Certificates, such amounts with respect to such Certificates will no longer accrue interest nor will such amounts in respect of interest be reinstated thereafter. No reduction of the Certificate Principal Balance of any Class of Class I-A, Class I-M and Class I-B Certificates shall be made on any Distribution Date on account of Realized Losses to the extent that such reduction would have the effect of reducing the aggregate Certificate Principal Balance of all of the Classes of Class I-A, Class I-M and Class I-B Certificates as of such Distribution Date to an amount less than the Stated Principal Balances of the Group I Loans as of the related Due Date. Any allocation of a Realized Loss to a Class I-A, Class I-M or Class I-B Certificate will be made by reducing the Certificate Principal Balance thereof by the amount so allocated as of the Distribution Date in the month following the calendar month in which such Realized Loss was incurred. Notwithstanding anything to the contrary, in no event will the Certificate Principal Balance of any Class I-A, Class I-M or Class I-B Certificate be reduced more than once in respect of any particular amount both (i) allocable to such Certificate in respect of Realized Losses and (ii) payable as principal to the holder of such Class I-A, Class I-M or Class I-B Certificate from remaining related Net Monthly Excess Cashflow. In the event that the related Servicer receives any Subsequent Recoveries, such Subsequent Recoveries will be remitted to the Master Servicer and then distributed by the Securities Administrator in accordance with the ...
Group I Certificates. 20 Group I Class A Principal Distribution Amount ......................... 20 Group I Class A-1 Available Funds Cap Rate ............................ 21
