Realized Losses. Realized Losses shall be allocated first against the Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero. If, after giving effect to the distribution of the Principal Distribution Amount on any Distribution Date the aggregate Class Certificate Balance of the Offered Certificates exceeds the Pool Principal Balance as of the end of the related Due Period, such excess will be allocated against the Class B-3, Class B-2, Class B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2 and Class M-1 Certificates, in that order and until the respective Class Certificate Balances thereof are reduced to zero.
Realized Losses. 7.7.1. Liquidation Realized Loss Determination....................... 7.7.2. Bankruptcy Realized Loss Determination........................ 7.7.3.
Realized Losses. (i) On each Distribution Date, Realized Losses (other than Excess Special Losses) realized during the prior calendar month will be allocated to reduce the Class Principal Balances of the Subordinate Certificates in reverse numerical order, in each case until the Class Principal Balance of each such Class has been reduced to zero. If the Class Principal Balances of all of the Subordinate Certificates have been reduced to zero, further Realized Losses (other than Excess Special Losses) on the Mortgage Loans shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses occurred based on their outstanding Class Principal Balances, in each case until the Class Principal Balance has been reduced to zero; provided, however, that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 3A1 Certificates, shall be allocated to the Class 3A2 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 3A1 Certificates, to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero and that Realized Losses (other than Excess Special Losses) otherwise allocable to the Class 5A7 Certificates shall be allocated to the Class 5A8 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 5A7 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero.
Realized Losses. On each Distribution Date, following the distributions to be made on such date pursuant to subsection (a) of this Section 3.2.2, the Trustee shall allocate Realized Losses as set forth in “Description of the Senior and Mezzanine Certificates— Allocation of Losses” in the Prospectus.
Realized Losses. (i) Realized Losses shall be applied prior to making any distributions have been made on each Distribution Date in the following order:
Realized Losses. (i) On each Distribution Date, Realized Losses realized during the prior calendar month will be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse numerical order, in each case until the Class Principal Balance of each Class of related Subordinate Certificates has been reduced to zero. If the Class Principal Balances of the Subordinate Certificates related to Group 1 and Group 2 or the Subordinate Certificates related to Group 3, Group 4 and Group 5 have been reduced to zero, further Realized Losses on the Mortgage Loans shall be allocated to the related Senior Certificates based on their outstanding Class Principal Balances in each case until the Class Principal Balance has been reduced to zero.
Realized Losses. Realized Losses shall be allocated first against the Overcollateralization Amount, until the Overcollateralization Amount has been reduced to zero. If, after giving effect to the distribution of the Principal Distribution Amount on any Distribution Date the aggregate Class Certificate Balance of the Offered Certificates exceeds the Pool Principal Balance as of the end of the related Due Period, such excess will be allocated against the Class B-3, Class B-2, Class B-1, Class M-6, Class M-5, Class M-4, Class M-3, Class M-2, Class M-1 and, only with respect to any remaining Realized Losses relating to the Group II-A Loans, Class AV-1B Certificates, in that order and until the respective Class Certificate Balances thereof are reduced to zero.
Realized Losses. On any Distribution Date, following distributions to be made on that Distribution Date, any Realized Losses (as defined in the Underlying Agreement) allocated to the Underlying Securities shall be allocated to the Class A-1 Grantor Trust Certificates, until the Current Principal Amount thereof has been reduced to zero. Realized Losses shall be allocated prorata among the outstanding Grantor Trust Certificates based upon their respective Percentage Interests.
Realized Losses. In any Security Collection Period in which any portion of the principal or previously accrued interest payable on the Mortgage Loan is cancelled in connection with any bankruptcy, insolvency or other similar proceeding involving any Borrower or a modification, waiver or amendment of the Mortgage Loan agreed to by the Servicer following default pursuant to Section 3.20, a “Realized Loss” shall arise in the amount of such principal and/or interest (other than Post-ARD Additional Interest) so cancelled. Immediately following the distributions to be made on each Distribution Date, any Realized Loss incurred on the Mortgage Loan during the related Security Collection Period will be allocated to reduce the Class Principal Balance of each Class sequentially in reverse order of alphabetical Class designation, in each case to the extent of the lesser of the remaining Class Principal Balance of such Class and the remaining unallocated portion of such Realized Loss. Any reduction of the Class Principal Balance of a Class of Securities will be allocated among the Subclasses of such Class on a pro rata basis, based on the Subclass Principal Balance of each such Subclass, and among each Security of such Subclass on a pro rata basis, based on the Security Principal Balance of each such Security.
Realized Losses. (i) On each Distribution Date, Realized Losses realized during the prior calendar month will be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse numerical order, in each case until the Class Principal Balance of each Class of related Subordinate Certificates has been reduced to zero. If the Class Principal Balances of the Group 1 Subordinate Certificates or the Group 2 and Group Subordinate Certificates have been reduced to zero, further Realized Losses on the Mortgage Loans shall be allocated to the Senior Certificates based on their outstanding Class Principal Balances in each case until the Class Principal Balance has been reduced to zero; provided, however, that Realized Losses otherwise allocable to the Class 1A1 Certificates shall be allocated to the Class 1A2 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero, and thereafter such Realized Losses shall be allocated to the Class 1A1 Certificates to reduce the Certificate Balance of such Class until such Certificate Balance has been reduced to zero.
