Common use of Interest Distributions Clause in Contracts

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (a) to the Trustee, the Trustee Fee in respect of such Distribution Date; (b) concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date; (c) concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, the Unpaid Interest Shortfall Amount, if any, for such Distribution Date; (d) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (e) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (f) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (g) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (h) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (i) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (j) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (k) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (ai) to the Trustee, the Trustee Fee in respect of such Distribution Date; (b) concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date; (cii) concurrently, as follows: (A) from the Group I Interest Remittance Amount, sequentially to Component A-IO-1 and the Class A-1 and Class A-2 AF-1 Certificates, pro ratathe applicable Accrued Certificate Interest for such Distribution Date; and (B) from the Group II Interest Remittance Amount, sequentially to Component A-IO-2 and the Class AV-1 Certificates, the Unpaid applicable Accrued Certificate Interest Shortfall Amount, if any, for such Distribution Date; (diii) concurrently, as follows: (A) from the Group I Interest Remittance Amount, sequentially to Component A-IO-1 and the Class AF-1 Certificates, the applicable Interest Carry Forward Amount for such Distribution Date for Component A-IO-1 and the Class AF-1 Certificates, respectively; and (B) from the Group II Interest Remittance Amount, sequentially to Component A-IO-2 and the Class AV-1 Certificates, the applicable Interest Carry Forward Amount for such Distribution Date for Component A-IO-2 and the Class AV-1 Certificates; (iv) concurrently, as follows: (A) if the Group I Interest Remittance Amount is insufficient to pay the Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AF-1 Certificates and Component A-IO-1 for such Distribution Date pursuant to clauses (ii)(A) and (iii)(A) above, concurrently from the remaining Group II Interest Remittance Amount following distributions pursuant to clauses (ii)(B) and (iii)(B) above, to Component A-IO-1 and the Class AF-1 Certificates, sequentially, to cover such shortfall for such Distribution Date; and (B) if the Group II Interest Remittance Amount is insufficient to pay the Accrued Certificate Interest and the Interest Carry Forward Amount to the Class AV-1 Certificates and Component A-IO-2 for such Distribution Date pursuant to clauses (ii)(B) and (iii)(B) above, concurrently from the remaining Group I Interest Remittance Amount following distributions pursuant to clauses (ii)(A) and (iii)(A) above, to Component A-IO-2 and the Class AV-1 Certificates, sequentially, to cover such shortfall for such Distribution Date; (v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (evi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (fvii) to the Class M-3 B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (gviii) to the Class M-4 B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (hix) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (i) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (j) to the Class M-7 B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kx) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed applied as part of the Monthly Excess Cashflow Amount as set forth in described under Section 4.02(b)) hereof.

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the related Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (ai) to the TrusteeCredit Risk Manager, the Trustee Credit Risk Manager Fee in respect of such Distribution Date; (b) concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date; (cii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount to the Class A-1 and Class A-2 Certificates, pro rata, the Unpaid Interest Shortfall Amount, if any, for such Distribution Date; (d) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (e) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (f) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (g) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (h) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (i) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (j) to the Class M-7 Group 1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kb) concurrently, from the Group 2 Interest Remittance Amount to the Group 2 Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; (iii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount to the Group 1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and (b) concurrently, from the Group 2 Interest Remittance Amount to the Group 2 Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date; (iv) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Group 1 Certificates’ Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Group 1 Certificates, to cover such shortfall for such Distribution Date; and (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Group 2 Certificates’ applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Group 2 Certificates, pro rata, to cover such shortfall for such Distribution Date; (v) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Group 1 Certificates’ Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Group 1 Certificates, to cover such shortfall for such Distribution Date; and (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Group 2 Certificates’ applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from the remaining Group 1 Interest Remittance Amount, to the Group 2 Certificates, pro rata, to cover such shortfall for such Distribution Date; (vi) sequentially, to the Class M-▇, ▇▇▇▇▇ ▇-▇, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7, Class M-8, Class M-9, Class M-10, Class M-11, Class M-12, Class B-1 and Class B-2 Certificates, in that order, the related Accrued Certificate Interest thereon for such Distribution Date; and (vii) the amount, if any, of the related Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed applied as part of the Monthly Excess Cashflow Amount as set forth in described under Section 4.02(b)) hereof.

Interest Distributions. On each Distribution Date, the Trustee Securities Administrator shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available: (ai) to the TrusteeCredit Risk Manager, the Trustee Fee in respect of such Distribution DateCredit Risk Manager Fee; (bii) concurrently, as follows: (a) concurrently, from the Group 1 Interest Remittance Amount to the Class A-1 A-1SS and Class A-2 A-1MZ Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; (cb) concurrently, from the Group 2 Interest Remittance Amount to the Class A-1 A-2SS and Class A-2 A-2MZ Certificates, pro rata, the Unpaid applicable Accrued Certificate Interest Shortfall Amountthereon for such Distribution Date; and (c) concurrently, if anyfrom the Group 3 Interest Remittance Amount to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; (diii) concurrently, as follows: (a) concurrently, from the Group 1 Interest Remittance Amount to the Class A-1SS and Class A-1MZ Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date; (b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2SS and Class A-2MZ Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date; and (c) concurrently, from the Group 3 Interest Remittance Amount to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata, the applicable Interest Carry Forward Amount thereon for such Distribution Date; (iv) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1SS and Class A-1MZ Certificates' applicable Accrued Certificate Interest for such Distribution Date in priority (ii) above, concurrently, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1SS and Class A-1MZ Certificates, pro rata, to cover such shortfall for such Distribution Date; (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2SS and Class A-2MZ Certificates' applicable Accrued Certificate Interest for such Distribution Date in priority (ii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2SS and Class A-2MZ Certificates, pro rata, to cover such shortfall for such Distribution Date; and (c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Accrued Certificate Interest for such Distribution Date in priority (ii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata, to cover such shortfall for such Distribution Date; (v) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1SS and Class A-1MZ Certificates' applicable Interest Carry Forward Amount for such Distribution Date in priority (iii) above, from the remaining Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-1SS and Class A-1MZ Certificates, to cover such shortfall for such Distribution Date; (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2SS and Class A-2MZ Certificates' applicable Interest Carry Forward Amount for such Distribution Date in priority (iii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2SS and Class A-2MZ Certificates, pro rata, to cover such shortfall for such Distribution Date; and (c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B and Class A-3C Certificates' applicable Interest Carry Forward Amount for such Distribution Date in priority (iii) above, concurrently, from the remaining Group 1 Interest Remittance Amount and Group 2 Interest Remittance Amount, to the Class A-3A, Class A-3B and Class A-3C Certificates, pro rata, to cover such shortfall for such Distribution Date; (vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (evii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (fviii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (gix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (hx) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (ixi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (jxii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xv) to the Class B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xvi) to the Class B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xvii) to the Class B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kxviii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed applied as part of the Monthly Excess Cashflow Amount as set forth in described under Section 4.02(b)) hereof.

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (ai) concurrently, to the Trustee, the Trustee Fee in respect of for such Distribution Date to the extent it has not been previously paid for such Distribution Date, and to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date, pro rata; (ii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount to the Class A-1 Certificates, the applicable Accrued Certificate Interest thereon for such Distribution Date; and (b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-1 A-2A, Class A-2B and Class A-2 A-2C Certificates, pro rata, the applicable Accrued Certificate Interest thereon for such Distribution Date; (ciii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount to the Class A-1 Certificates, the applicable Interest Carry Forward Amount thereon for such Distribution Date; and (b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-2A, Class A-2B and Class A-2 A-2C Certificates, pro rata, the Unpaid applicable Interest Shortfall Amount, if any, Carry Forward Amount thereon for such Distribution Date; (div) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from any remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2A, Class A-2B and Class A-2C Certificates' applicable Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, concurrently, from any remaining Group 1 Interest Remittance Amount, to the Class A-2A, Class A-2B and Class A-2C Certificates, pro rata, to cover such shortfall for such Distribution Date; (v) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from any remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2A, Class A-2B and Class A-2C Certificates' applicable Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, concurrently, from any remaining Group 1 Interest Remittance Amount, to the Class A-2A, Class A-2B and Class A-2C Certificates, pro rata, to cover such shortfall for such Distribution Date; (vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (evii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (fviii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (gix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (hx) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (ixi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (jxii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xv) to the Class M-10 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xvi) to the Class B Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kxvii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed applied as part described under Section 4.02(b) hereof. On any Distribution Date, any shortfalls resulting from Prepayment Interest Shortfalls not covered by Compensating Interest payments made by the Servicer or from the application of the Monthly Excess Cashflow Amount Relief Act or similar state laws will be allocated as set forth in Section 4.02(b)a reduction to the Accrued Certificate Interest for the Class A, Class M and Class B Certificates on a pro rata basis based on the respective amounts of interest accrued on those Certificates for that Distribution Date. The holders of the Class A, Class M and Class B Certificates will not be entitled to reimbursement on future Distribution Dates of any such Prepayment Interest Shortfalls or Relief Act shortfalls following their allocation to such Certificates.

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (ai) concurrently, to the Trustee, the Trustee Fee in respect of for such Distribution Date, to the Credit Risk Manager, the Credit Risk Manager Fee for such Distribution Date and to the Insurer, the Premium for such Distribution Date, pro rata; (ii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount to the Class A-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (b) concurrently, from the Group 2 Interest Remittance Amount to the Class A-1 and Class A-2 Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date; (ciii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount to the Class A-1 and Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and (b) from the Group 2 Interest Remittance Amount to the Class A-2 Certificates, pro rata, the Unpaid Interest Shortfall Amount, if any, Carry Forward Amount thereon for such Distribution Date; (div) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; (v) concurrently, as follows: (a) if the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, from the remaining Group 2 Interest Remittance Amount, to the Class A-1 Certificates, to cover such shortfall for such Distribution Date; and (b) if the Group 2 Interest Remittance Amount is insufficient to pay the Class A-2 Certificates' Interest Carry Forward Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group 1 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; (vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (evii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (fviii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (gix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (hx) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (ixi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (jxii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kxiii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed applied as part of the Monthly Excess Cashflow Amount as set forth in described under Section 4.02(b)) hereof.

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (ai) to the Trustee, the Trustee Fee in respect of such Distribution Date; (b) concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date; (cii) concurrently, as follows: (A) from the Group I Interest Remittance Amount, to the Class A-1 AV-1 Certificates, the applicable Accrued Certificate Interest for such Distribution Date; and (B) from the Group II Interest Remittance Amount to the Class AF-1, Class AF-2, Class AF-3 and Class A-2 AF-4 Certificates, pro rata, the Unpaid applicable Accrued Certificate Interest Shortfall Amount, if any, for such Distribution Date; (diii) concurrently, as follows: (A) from the Group I Interest Remittance Amount, to the Class AV-1 Certificates, the applicable Interest Carry Forward Amount for such Distribution Date for the Class AV-1 Certificates; and (B) from the Group II Interest Remittance Amount, pro rata, all applicable Interest Carry Forward Amounts for such Distribution Date to the Class AF-1, Class AF-2, Class AF-3 and the Class AF-4 Certificates; (iv) concurrently, as follows: (A) from the Group I Interest Remittance Amount, pro rata, to the Class AF-1, Class AF-2, Class AF-3 and Class AF-4 Certificates, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for each such Class for such Distribution Date; and (B) from the Group II Interest Remittance Amount, to the Class AV-1 Certificates, any unpaid Accrued Certificate Interest and Interest Carry Forward Amount for such Class for such Distribution Date; (v) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (evi) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (fvii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (gviii) to the Class M-4 B-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (hix) to the Class M-5 B-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (ix) to the Class M-6 B-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (jxi) to the Class M-7 B-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kxii) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed applied as part of the Monthly Excess Cashflow Amount as set forth in described under Section 4.02(b)) hereof.

Interest Distributions. On each Distribution Date, the Trustee Securities Administrator shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee Securities Administrator may conclusively rely), and the calculations required to be made by the TrusteeSecurities Administrator, to the extent available: (ai) to the TrusteeCredit Risk Manager, the Trustee Credit Risk Manager Fee in respect of for such Distribution Date; (bii) concurrently, as follows: (A) concurrently, from the Group I Interest Remittance Amount, to the Class A-1 AI-1A and Class A-2 AI-1B Certificates, pro ratarata (based on the Accrued Certificate Interest for each such Class), the applicable Accrued Certificate Interest thereon for such Distribution Date; and (B) from the Group II Interest Remittance Amount, to the Class AII-1 Certificates, Accrued Certificate Interest thereon for such Distribution Date; (ciii) concurrently, as follows: (A) concurrently, from the Group I Interest Remittance Amount, to the Class A-1 AI-1A and Class A-2 AI-1B Certificates, pro ratarata (based on the Interest Carry Forward Amount for each such Class), the Unpaid applicable Interest Shortfall Carry Forward Amount thereon for such Distribution Date; and (B) from the Group II Interest Remittance Amount, if anyto the Class AII-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; (div) concurrently, as follows: (A) from the Group I Interest Remittance Amount, to the Class AII-1 Certificates, any Accrued Certificate Interest for such Class for such Distribution Date, to the extent not distributed pursuant to clause (ii) above; and (B) concurrently, from the Group II Interest Remittance Amount, to the Class AI-1A and Class AI-1B Certificates, pro rata (based on the Accrued Certificate Interest for each such Class), any Accrued Certificate Interest for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (ii) above; and (v) concurrently, as follows: (A) from the Group I Interest Remittance Amount, to the Class AII-1 Certificates, any Interest Carry Forward Amount for such Class for such Distribution Date, to the extent not distributed pursuant to clause (iii) above; and (B) concurrently, from the Group II Interest Remittance Amount, to the Class AI-1A and Class AI-1B Certificates, pro rata (based on the Interest Carry Forward Amount for each such Class), any Interest Carry Forward Amount for such Classes for such Distribution Date, to the extent not distributed pursuant to clause (iii) above; (vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (evii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (fviii) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (gix) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (hx) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (ixi) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (jxii) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiii) to the Class M-8 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xiv) to the Class M-9 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xv) to the Class M-10 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xvi) to the Class M-11 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xvii) to the Class M-12 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (xviii) to the Class M-13 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kxix) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed as part of Class M-14 Certificates, the Monthly Excess Cashflow Amount as set forth in Section 4.02(b)Accrued Certificate Interest thereon for such Distribution Date.

Interest Distributions. I. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group I Interest Remittance Amount to the extent on deposit therein and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available:): (ai) to the Trustee, the portion of the Trustee Fee in respect of such Distribution Date; (b) concurrently, related to the Class A-1 and Class A-2 Certificates, pro rata, the Accrued Certificate Interest thereon Group I Mortgage Loans for such Distribution Date; (cii) concurrently, to the Holders of each Class A-1 and Class A-2 of Group I Certificates, on a pro ratarata basis based on the entitlement of each such Class, the Unpaid applicable Accrued Certificate Interest Shortfall Amount, if any, for such Distribution Date; (diii) concurrently, to the Holders of each Class of Group I Certificates, on a pro rata basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group I Certificates; (iv) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest for such Classes for such Distribution Date, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount as set forth in Section 4.01(II); and (v) concurrently, to the Holders of each Class of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group II Certificates, to the extent remaining undistributed after the distribution of the Group II Interest Remittance Amount as set forth in Section 4.01(II). II. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Group II Interest Remittance Amount to the extent on deposit therein and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely): (i) to the Class M-1 CertificatesTrustee, the Accrued Certificate Interest thereon portion of the Trustee Fee related to the Group II Mortgage Loans for such Distribution Date; (eii) concurrently, to the Holders of each Class M-2 of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date; (fiii) concurrently, to the Holders of each Class M-3 of Group II Certificates, on a pro rata basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group II Certificates; (iv) concurrently, to the Holders of each Class of Group I Certificates, on a pro rata basis based on the entitlement of each such Class, the applicable Accrued Certificate Interest thereon for such Class for such Distribution Date; (g) , to the Class M-4 Certificates, extent remaining undistributed after the Accrued Certificate Interest thereon for such Distribution Date; (h) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (i) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (j) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (k) the amount, if any, distribution of the Group I Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b4.01(I); and (v) concurrently, to the Holders of each Class of Group I Certificates, on a pro rata basis based on the entitlement of each such Class, the applicable Interest Carry Forward Amount for the Group I Certificates, to the extent remaining undistributed after the distribution of the Group I Interest Remittance Amount as set forth in Section 4.01(I). III. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the remaining Interest Remittance Amount for such Distribution Date sequentially, to the Holders of the Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7 Certificates, in that order, in an amount equal to the Accrued Certificate Interest on each such Class for such Distribution Date. With respect to any distributions to be made on the Class B-1 Certificates, the Class B-2 Certificates, the Class B-3 Certificates, the Class B-4 Certificates, the Class B-5 Certificates, the Class B-6 Certificates or the Class B-7 Certificates pursuant to this Section 4.01, such distributions will be made first, on the related Class B Interest and then, on the related Class of Certificates.

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (ai) to the Trustee, the Trustee Fee in respect of for such Distribution Date; (bii) concurrently, as follows: (a) from the Group I Interest Remittance Amount to the Class A-1 and Class A-2 AI Certificates, pro rata, the Accrued Certificate Interest thereon for the Class AI Certificates for such Distribution Date; and (b) from the Group II Interest Remittance Amount to the Class AII Certificates, pro rata, the Accrued Certificate Interest for the Class AII Certificates for such Distribution Date; (ciii) concurrently, as follows: (a) from the Group I Interest Remittance Amount to the Class A-1 and Class A-2 AI Certificates, pro rata, the Unpaid Interest Shortfall AmountAmount for the Class AI Certificates for such Distribution Date; and (b) from the Group II Interest Remittance Amount to the Class AII Certificates, if anypro rata, the Unpaid Interest Shortfall Amount for the Class AII Certificates for such Distribution Date; (div) concurrently, as follows: (a) if the Group II Interest Remittance Amount is insufficient to pay the Class AII Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(b) above, from the remaining Group I Interest Remittance Amount, to the Class AII Certificates, pro rata, to cover such shortfall for such Distribution Date; and (b) if the Group I Interest Remittance Amount is insufficient to pay the Class AI Certificates' Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining Group II Interest Remittance Amount, to the Class AI Certificates, pro rata, to cover such shortfall for such Distribution Date; (v) concurrently, as follows: (a) if the Group II Interest Remittance Amount is insufficient to pay the Class AII Certificates' Unpaid Interest Shortfall Amount for such Distribution Date pursuant to Section 4.01(iii)(b) above, from the remaining Group I Interest Remittance Amount, to the Class AII Certificates, pro rata, to cover such shortfall for such Distribution Date; and (b) if the Group I Interest Remittance Amount is insufficient to pay the Class AI Certificates' Unpaid Interest Shortfall Amount for such Distribution Date pursuant to Section 4.01(iii)(a) above, concurrently, from the remaining Group II Interest Remittance Amount, to the Class AI Certificates, pro rata, to cover such shortfall for such Distribution Date; (vi) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (evii) to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (f) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (g) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (h) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (i) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (j) to the Class M-7 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (k) the amount, if any, of the Interest Remittance Amount remaining after application with respect to the priorities set forth above will be distributed as part of the Monthly Excess Cashflow Amount as set forth in Section 4.02(b).

Interest Distributions. On each Distribution Date, the Trustee shall withdraw from the Distribution Account the Interest Remittance Amount and apply it in the following order of priority (based upon the Mortgage Loan information provided to it in the Remittance Report, upon which the Trustee may conclusively rely), and the calculations required to be made by the Trustee, to the extent available: (ai) to the TrusteeCredit Risk Manager, the Trustee Credit Risk Manager Fee in respect of such Distribution Date; (b) concurrently, to the Class A-1 and Class A-2 Certificates, pro rata, the Accrued Certificate Interest thereon for such Distribution Date; (cii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount, to the Class A-1 and Class A-2 Certificates, pro rata, the Unpaid Interest Shortfall Amount, if any, for such Distribution Date; (d) to the Class M-1 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (eb) from the Group 2 Interest Remittance Amount, to the Class M-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (f) to the Class M-3 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (g) to the Class M-4 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (h) to the Class M-5 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (i) to the Class M-6 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; (j) to the Class M-7 A-2 Certificates, the Accrued Certificate Interest thereon for such Distribution Date; and (kc) concurrently, from the amountGroup 3 Interest Remittance Amount, to the Class A-3A, Class A-3B, Class A-3C and Class A-3D Certificates, pro rata, based on the Accrued Certificate Interest for each such Class, the applicable Accrued Certificate Interest thereon for such Distribution Date; (iii) concurrently, as follows: (a) from the Group 1 Interest Remittance Amount, to the Class A-1 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; (b) from the Group 2 Interest Remittance Amount, to the Class A-2 Certificates, the Interest Carry Forward Amount thereon for such Distribution Date; and (c) concurrently, from the Group 3 Interest Remittance Amount, to the Class A-3A, Class A-3B, Class A-3C and Class A-3D Certificates, pro rata, based on the Interest Carry Forward Amount for each such Class, the applicable Interest Carry Forward Amount thereon for such Distribution Date; (iv) concurrently, as follows: (a) if any, of the Group 1 Interest Remittance Amount is insufficient to pay the Class A-1 Certificates’ Accrued Certificate Interest for such Distribution Date pursuant to Section 4.01(ii)(a) above, from the remaining after application with respect Group 2 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the priorities set forth above will be distributed as part of Class A-1 Certificates, to cover such shortfall for such Distribution Date; (b) if the Monthly Excess Cashflow Group 2 Interest Remittance Amount as set forth in is insufficient to pay the Class A-2 Certificates’ Accrued Certificate Interest for such Distribution Date pursuant to Section 4.02(b).4.01(ii)(b) above, from the remaining Group 1 Interest Remittance Amount and Group 3 Interest Remittance Amount, to the Class A-2 Certificates, to cover such shortfall for such Distribution Date; and (c) if the Group 3 Interest Remittance Amount is insufficient to pay the Class A-3A, Class A-3B, Class A-3C and Class A-3D Certificates’ applicable