ARTICLE I DEFINITIONS ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATESStructured Asset Mortgage • May 15th, 2006 • GreenPoint MFT 2006-Ar3 • Asset-backed securities • New York
For any Distribution Date, the amounts by which the Uncertificated Principal Balances of the REMIC II Regular Interests will be reduced on such Distribution Date by the allocation of Realized Losses and the distribution of principal and increased by the allocation of Net Deferred Interest, determined as follows:
