Common use of Uncertificated Balance Clause in Contracts

Uncertificated Balance. The amount of any REMIC I Regular Interest outstanding as of any date of determination. As of the Closing Date, the Uncertificated Balance of each REMIC I Regular Interest shall equal the amount set forth in the Preliminary Statement hereto as its Initial Uncertificated Balance. On each Distribution Date, the Uncertificated Balance of each REMIC I Regular Interest shall be reduced, first, by the portion of Realized Losses allocated in reduction of the principal balances of the Related Classes of Certificates on such Distribution Date and, second, by all distributions of principal deemed made on such REMIC I Regular Interest, as applicable, on such Distribution Date pursuant to Section 10.04. The Uncertificated Balance of each REMIC I Regular Interest shall never be less than zero.

Uncertificated Balance. The amount of any REMIC I E Regular Interest outstanding as of any date of determination. As of the Closing S4 Delivery Date, the Uncertificated Balance of each REMIC I E Regular Interest shall equal the amount set forth in the Preliminary Statement hereto as its Initial Uncertificated Balance. On each Distribution Date, the Uncertificated Balance of each REMIC I E Regular Interest shall be reduced, first, by the portion of Realized Losses allocated in reduction of the principal balances of the Related Corresponding Classes of Certificates on such Distribution Date and, second, by all distributions of principal deemed made on such REMIC I Regular Interest, as applicable, on such Distribution Date pursuant to Section 10.04. 4.07 The Uncertificated Balance of each REMIC I E Regular Interest shall never be less than zero.