Common use of Priorities of Distributions on the Shifting Interest Certificates Clause in Contracts

Priorities of Distributions on the Shifting Interest Certificates. (a) On each Distribution Date, the Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(e) and (f) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Shifting Interest Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Shifting Interest Lower-Tier Interests, and then to the Uncertificated Shifting Interests Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Shifting Interest Certificates in the following order of priority and to the extent of such funds, paying the Senior Certificates of each Shifting Interest Group solely from the Pool Distribution Amount for the Related Loan Group and paying the Class X-B Certificates from the Pool Distribution Amounts for the Shifting Interest Loan Groups, in the following order of priority and to the extent of such funds:

Priorities of Distributions on the Shifting Interest Certificates. (a) On each Distribution Date, the Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(e) and (f) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after for the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Shifting Interest related Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Shifting Interest Lower-Tier Interests, and then to the Uncertificated Shifting Interests Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Shifting Interest Certificates in the following order of priority and to the extent of such fundsCertificates, paying the Senior Certificates of each Shifting Interest Group 1 solely from the Pool Distribution Amount for the Related Loan Group and 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2, paying Group 3 solely from the Pool Distribution Amount for Loan Group 3, paying Group 4 solely from the Pool Distribution Amount for Loan Group 4, paying Group 5 solely -148- from the Pool Distribution Amount for Loan Group 5, paying Group 6 solely from the Pool Distribution Amount for Loan Group 6, paying Group 7 solely from the Pool Distribution Amount for Loan Group 7, paying Group 8 solely from the Pool Distribution Amount for Loan Group 8, paying the Class XN-M and Class N-B Certificates from the remaining combined Pool Distribution Amounts for from the Shifting Interest Loan Groups, Group N and paying the Class S-B Certificates from the remaining Pool Distribution Amount from Loan Group S in the following order of priority and to the extent of such funds:

Priorities of Distributions on the Shifting Interest Certificates. (a) On each Distribution Date, the Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(e) and (f) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Shifting Interest Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Shifting Interest Lower-Tier Interests, and then to the Uncertificated Shifting Interests Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Shifting Interest Certificates in the following order of priority and to the extent of such fundsCertificates, paying the Senior Certificates of each Shifting Interest Group 1 solely from the Pool Distribution Amount for the Related Loan Group 1 and paying Group 2 solely from the Pool Distribution Amount for Loan Group 2 and paying the Class X-M-1 and Class B Certificates from the remaining combined Pool Distribution Amounts for the from both Shifting Interest Loan Groups, Groups in the following order of priority and to the extent of such funds:

Priorities of Distributions on the Shifting Interest Certificates. (a) On each Distribution Date, the Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master Servicer, the Securities Administrator and the Trustee pursuant to Section 3.09(e) and (f) and Section 3.11 and shall pay such funds to itself, the Master Servicer and the Trustee, as applicable, and (2) based solely on the information contained in the Master Servicer's Certificate, the Pool Distribution Amount (after the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Shifting Interest Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Shifting Interest Crossed Loan Group Lower-Tier Interests and the Uncertificated Shifting Interest Loan Group 5 Lower-Tier Interests, and then to the Uncertificated Shifting Interests Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Shifting Interest Certificates in the following order of priority and to the extent of such funds, paying the Senior Certificates of each Shifting Interest Group solely from the Pool Distribution Amount for the Related Loan Group and Group, paying the Class X-B Certificates from the Pool Distribution Amounts for the Shifting Interest Crossed Loan GroupsGroups and paying the Class 5-B Certificates from the Pool Distribution Amount for Loan Group 5, in the following order of priority and to the extent of such funds:

Priorities of Distributions on the Shifting Interest Certificates. (a) On each Distribution Date, the Securities Administrator shall withdraw from the Certificate Account (to the extent funds are available therein) (1) to the extent not previously paid, the amounts payable to the Master ServicerServicers, the Securities Administrator and the Trustee pursuant to Section 3.09(e3.09(f) and (fg) and Section 3.11 and shall pay such funds to itself, the Master Servicer Servicers and the Trustee, as applicable, and (2) based solely on the information contained in the each Master Servicer's Certificate, the Pool Distribution Amount (after for the payment of the Servicing Fees for such Mortgage Loans and expenses and indemnities reimbursable pursuant to this Agreement, in each case to the extent not previously retained by or distributed to a Servicer, the Securities Administrator, the Master Servicer or the Trustee) for each Shifting Interest related Loan Group, and shall apply such funds, first, to distributions in respect of the Uncertificated Shifting Interest Lower-Tier Interests, and then to the Uncertificated Shifting Interests Middle-Tier Interests as specified in this Section 5.02(a) and then to distributions on the Shifting Interest Certificates in the following order of priority and to the extent of such fundsCertificates, paying the Senior Certificates of each Shifting Interest Group 1 solely from the Pool Distribution Amount for the Related Loan Group 1, paying Group 2 solely from the Pool Distribution Amount for Loan Group 2 and paying Group 3 solely from the Pool Distribution Amount for Loan Group 3 and paying the Class X-B Certificates from the remaining combined Pool Distribution Amounts for from the Shifting Interest Crossed Loan Groups, Groups and paying the Class 3-B Certificates from the remaining Pool Distribution Amount from Loan Group 3 in the following order of priority and to the extent of such funds: