P Interest. On each Distribution Date, all Realized Losses, prepayments and payments of scheduled principal generated with respect to the Mortgage Loans shall be allocated in the following order: (i) first to the Class II-J Interest, until such Class is paid in full or eliminated by such losses; (ii) second, to the Class II-A1 Interest and the Class II-A2 Interest, pro-rata, until such Classes are paid in full or eliminated by such losses; (iii) third, to the Class II-B1 Interest and the Class II-B2 Interest, pro-rata, until such Classes are paid in full or eliminated by such losses; (iv) fourth, to the Class II-C1 Interest and the Class II-C2 Interest, pro-rata, until such Classes are paid in full or eliminated by such losses; (v) fifth, to the Class II-D1 Interest and the Class II-D2 Interest, pro-rata, until such Classes are paid in full or eliminated by such losses; (vi) sixth, to the Class II-E1 Interest and the Class II-E2 Interest, pro rata, until such classes are paid in full or eliminated by such losses; (vii) seventh, to the Class II-F1 Interest and Class II-F2 Interest, until such classes are paid in full or eliminated by such losses; (viii) eighth, to the Class II-G1 Interest and Class II-G2 Interest, until such classes are paid in full or eliminated by such losses; (ix) ninth, to the Class II-H1 Interest and Class II-H2 Interest, until such classes are paid in full or eliminated by such losses.
P Interest. Unless a Cross-over Situation exists, Principal Reductions arising with respect to each Loan Group shall be allocated first to cause the Class I1, Class I2, Class I3 and Class I4 Interests corresponding to such Loan Group to equal 0.9% of the Subordinate Component Balance, 0.1% of the Subordinate Component Balance, 0.9% of the Adjusted Subordinate Component Balance, 0.1% of the Adjusted Subordinate Component Balance, respectively, in each case as of such Distribution Date of such Loan Group and all excess Principal Reductions shall be allocated to the I5 Interest corresponding to such Loan Group. In the event that a Cross-Over Situation exists with respect to the Class I1 and Class I2 Interests on any Distribution Date, and the Calculation Rate in respect of the outstanding Class I1 and Class I2 Interests is less than the Subordinate Net Rate Cap, a Principal Relocation Payment shall be made proportionately made to the outstanding Class I1 Interests prior to any other Principal Distributions from each such Loan Group. In the event that a Cross-Over Situation exists with respect to the Class I1 and Class I2 Interests on any Distribution Date, and the Calculation Rate in respect of the outstanding Class I1 and Class I2 Interests is greater than the Subordinate Net Rate Cap, a Principal Relocation Payment shall be made proportionately made to the outstanding Class I2 Interests prior to any other Principal Distributions from each such Loan Group. In each case, Principal Relocation Payments shall be made to cause the Calculation Rate in respect of the outstanding Class I1 and Class I2 Interests to equal the Subordinate Net Rate Cap. For purposes of making Principal Relocation Payments, to the extent that the principal payments comprising the Principal Remittance Amount received during the Due Period from the related Loan Group and Realized Losses are insufficient to make the necessary reduction of principal, then interest shall accrue on the Loan Group's Corresponding REMIC 1 Interests (and be added to their principal balances) that are not receiving a Principal Relocation Payment to allow the necessary Principal Relocation Payment to be made. If a Cross-Over Situation exists with respect to the Class I1 and Class I2 Interests, outstanding aggregate Class I1 and Class I2 Interests shall not be reduced below 1 percent of the aggregate outstanding Principal Balances of the Loan Groups as of the end of any Due Period in excess of the Senior Certificates as of the ...
