Examples of Sequential Order in a sentence
All expenses and losses relating to the Mortgage Loan and the Mortgaged Property, including without limitation losses of principal and interest, Property Protection Advances, interest on such Advances, Special Servicing Fees, Liquidation Fees and Workout Fees, Appraisal Reduction Amounts and certain other trust expenses, in respect of each Note, shall be allocated to the corresponding Note Components in Reverse Sequential Order.
Any realized losses (including reductions by a bankruptcy court) applied to reduce the principal balance of the Mortgage Loan (and correspondingly any Note) shall be reimbursed to the corresponding Note Components of such Note in Sequential Order after all amounts of interest and principal have otherwise been paid in full on such Note.
For purposes of determining the Controlling Class and whether a Control Termination Event has occurred and is continuing, Collateral Deficiency Amounts allocated to an AB Modified Loan will be allocated to each Class of Control Eligible Certificates in Reverse Sequential Order to notionally reduce the related Certificate Balances until the Certificate Balance of each such Class of Control Eligible Certificates is reduced to zero.
Appraisal Reductions allocated to any Mortgage Loan shall be allocated to the Certificate Principal Balance of the related Classes of Principal Balance Certificates in the order of their subordination, i.e., in Reverse Sequential Order.
Method used (Check One): Order of Importance: [X] Sequential Order: [ ] Place an asterisk (*) next to each essential function.