Common use of Allocation of Realized Losses Clause in Contracts

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; thirdsecond, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourththird, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifthfourth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixthfifth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; sixth, to the Class M Certificates until the Class M Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's or Subclass's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and the Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and the Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third or eighth sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: firstFirst, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; secondSecond, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; thirdThird, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourthFourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifthFifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixthSixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrentlySeventh, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) 1. With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses ) occurring with respect to Group I Mortgage Loans and Excess Bankruptcy Losses) Group II Mortgage Loans will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently(i) with respect to such losses occurring with respect to Group I Mortgage Loans, to the Class Group I-A Certificates Certificates; and (other than ii) with respect to such losses occurring with respect to Group II Mortgage Loans, to the Class AGroup II-PO A Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses ) occurring with respect to Group I Mortgage Loans and Excess Bankruptcy Losses) Group II Mortgage Loans will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently(i) with respect to such losses occurring with respect to Group I Mortgage Loans, to the Class Group I-A Certificates Certificates; and (other than ii) with respect to such losses occurring with respect to Group II Mortgage Loans, to the Class AGroup II-PO A Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) (i) With respect to any Distribution Date, the principal portion of Realized Losses on the Group I Mortgage Loans (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) occurring with respect to Group I Mortgage Loans will be allocated as follows: first, to the Class I-B-6 Certificates until the Class I-B-6 Principal Balance has been reduced to zero; second, to the Class I-B-5 Certificates until the Class I-B-5 Principal Balance has been reduced to zero; third, to the Class I-B-4 Certificates until the Class I-B-4 Principal Balance has been reduced to zero; fourth, to the Class I-B-3 Certificates until the Class I-B-3 Principal Balance has been reduced to zero; fifth, to the Class I-B-2 Certificates until the Class I-B-2 Principal Balance has been reduced to zero; sixth, to the Class I-B-1 Certificates until the Class I-B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class Group I-A Certificates (other than the and Class I-A-PO Certificates) and Class A-PO CertificatesComponent, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation Fraction of Realized Losses will be effected through the reduction of the applicable Class's Principal Balancesuch Mortgage Loans.

Allocation of Realized Losses. (a) With respect to (i) On any Distribution Date, the principal portion of each Realized Losses Loss (other than Debt Service Reductions, any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy LossesLoss) will in respect of a Mortgage Loan in Pool 1 shall be allocated as followsin the following order of priority: first, to the Class B-6 Certificates B6 Certificates, until the Class B-6 Principal Balance Amount thereof has been reduced to zero; second, to the Class B-5 Certificates B5 Certificates, until the Class B-5 Principal Balance Amount thereof has been reduced to zero; third, to the Class B-4 Certificates B4 Certificates, until the Class B-4 Principal Balance Amount thereof has been reduced to zero; fourth, to the Class B-3 Certificates B3 Certificates, until the Class B-3 Principal Balance Amount thereof has been reduced to zero; fifth, to the Class B-2 Certificates B2-I Certificates, until the Class B-2 Principal Balance Amount thereof has been reduced to zero; sixth, to the Class B-1 Certificates B1-I Certificates, until the Class B-1 Principal Balance Amount thereof has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A1-PO Certificates) A1 and Class A-PO R Certificates, pro rata, based on until the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Class Principal BalanceAmounts thereof have been reduced to zero.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses ) occurring with respect to Group I Mortgage Loans and Excess Bankruptcy Losses) Group II Mortgage Loans will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, (i) with respect to such losses occurring with respect to Group I Mortgage Loans, concurrently, to the Class Group I-A Certificates (other than the and Class I-A-PO Certificates) and Class A-PO CertificatesComponent, pro rata, based on the Non-PO Fraction and the PO FractionFraction of such Mortgage Loans, respectively; and (ii) with respect to such losses occurring with respect to Group II Mortgage Loans, concurrently, to the Group II-A Certificates and Class II-A-PO Component, pro rata, based on the Non-PO Fraction and the PO Fraction of such Mortgage Loans, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's or Component's Principal Balance.

Allocation of Realized Losses. (a) With respect to Any Realized Losses on the Mortgage Loans will be applied on any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated Date as follows: first, to Excess Spread through payment of the Extra Principal Distribution Amount, second, to the Class B-6 Certificates C Certificates, until the Class B-6 Certificate Principal Balance thereof has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Certificate Principal Balance thereof has been reduced to zero; , fourth, to the Class B-3 Certificates until the Class B-3 Certificate Principal Balance thereof has been reduced to zero; , fifth, to the Class B-2 Certificates until the Class B-2 Certificate Principal Balance thereof has been reduced to zero; , sixth, to the Class B-1 Certificates until the Class B-1 Certificate Principal Balance thereof has been reduced to zero; and , seventh, concurrentlyto the Class M-5 Certificates until the Certificate Principal Balance thereof has been reduced to zero, eighth, to the Class M-4 Certificates until the Certificate Principal Balance thereof has been reduced to zero, ninth, to the Class M-3 Certificates until the Certificate Principal Balance thereof has been reduced to zero, tenth, to the Class M-2 Certificates until the Certificate Principal Balance thereof has been reduced to zero, eleventh, to the Class M-1 Certificates until the Certificate Principal Balance thereof has been reduced to zero and twelfth, to the Class A Certificates (other than until the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Certificate Principal BalanceBalance thereof has been reduced to zero.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses ) occurring with respect to Group I Mortgage Loans and Excess Bankruptcy Losses) Group II Mortgage Loans will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently(i) with respect to such losses occurring with respect to Group I Mortgage Loans, to the Class Group I-A Certificates Certificates; and (other than ii) with respect to such losses occurring with respect to Group II Mortgage Loans, to the Class AGroup II-PO A Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses occurring with respect to Group I Mortgage Loans and Excess Bankruptcy Losses) Group II Mortgage Loans will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class M Certificates until the Class M Principal Balance has been reduced to zero; and eighth, (i) with respect to such losses occurring with respect to Group I Mortgage Loans, to the Group I-A Certificates and (other than ii) with respect to such losses occurring with respect to Group II Mortgage Loans, to the Class AGroup II-PO A Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO FractionFraction of such Mortgage Loans, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the third or fifth sentence under the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses occurring with respect to Group I Mortgage Loans and Excess Bankruptcy Losses) Group II Mortgage Loans will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently(i) with respect to such losses occurring with respect to Group I Mortgage Loans, to the Class Group I-A Certificates; and (ii) with respect to such losses occurring with respect to Group II Mortgage Loans, to the Group II-A Certificates (other than the Class AII-PO CertificatesA-2 Certificates prior to the Distribution Date in December 2008) and Class AII-PO CertificatesA-2 Certificates prior to the Distribution Date in December 2008, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO CertificatesA-7 Certificates prior to the Distribution Date in August 2008) and Class A-PO CertificatesA-7 Certificates prior to the Distribution Date in August 2008, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on until the Non-PO Fraction and the PO Fraction, respectivelyPrincipal Balance of each such Class has been reduced to zero. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and the Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) (i) With respect to any Distribution Date, the principal portion of Realized Losses on the Pool I Mortgage Loans (other than Debt Service ReductionsReductions with respect to Pool I Mortgage Loans, Pool I Excess Special Hazard Losses, Pool I Excess Fraud Losses and Pool I Excess Bankruptcy Losses) will be allocated as follows: first, to the Class 1-B-6 Certificates until the Class 1-B-6 Principal Balance has been reduced to zero; second, to the Class 1-B-5 Certificates until the Class 1-B-5 Principal Balance has been reduced to zero; third, to the Class 1-B-4 Certificates until the Class 1-B-4 Principal Balance has been reduced to zero; fourth, to the Class 1-B-3 Certificates until the Class 1-B-3 Principal Balance has been reduced to zero; fifth, to the Class 1-B-2 Certificates until the Class 1-B-2 Principal Balance has been reduced to zero; sixth, to the Class 1-B-1 Certificates until the Class 1-B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A 1-A-1 Certificates (other than the Class A-PO Certificates) and Class 1-A-PO Certificates, pro rata, based on the Pool I Non-PO Fraction and the Pool I PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO CertificatesA-3 Certificates prior to the Distribution Date in January 2009) and Class A-PO CertificatesA-3 Certificates prior to the Distribution Date in January 2009, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; thirdsecond, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourththird, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifthfourth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixthfifth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; sixth, to the Class M Certificates until the Class M Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. After the Cross-Over Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) allocated to the Class A-11 Certificates will be borne by the Class A-12 Certificates to the extent set forth in the proviso to the third sentence of the first paragraph under the definition of Class A Subclass Principal Balance. This allocation of Realized Losses will be effected through the reduction of the applicable Class's or Subclass's Principal Balance.

Allocation of Realized Losses. (a) With respect to On any Distribution Date, the principal portion of each Realized Losses Loss (other than Debt Service Reductions, any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy LossesLoss) will in respect of a Mortgage Loan in each Mortgage Pool shall be allocated as followsin the following order of priority: first, to the Class B-6 Certificates B6 Certificates, until the Class B-6 Principal Balance Amount thereof has been reduced to zero; second, to the Class B-5 Certificates B5 Certificates, until the Class B-5 Principal Balance Amount thereof has been reduced to zero; third, to the Class B-4 Certificates B4 Certificates, until the Class B-4 Principal Balance Amount thereof has been reduced to zero; fourth, to the Class B-3 Certificates B3 Certificates, until the Class B-3 Principal Balance Amount thereof has been reduced to zero; fifth, to the Class B-2 Certificates B2 Certificates, until the Class B-2 Principal Balance Amount thereof has been reduced to zero; sixth, to the Class B-1 Certificates B1 Certificates, until the Class B-1 Principal Balance Amount thereof has been reduced to zero; and seventh, concurrently, to the Class A Classes of Senior Certificates (other than of the Class A-PO Certificates) and Class A-PO Certificatesrelated Certificate Group, pro rata, based on in accordance with their Class Principal Amounts, until the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's related Class Principal BalanceAmount thereof is reduced to zero.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-A-9 Certificates with respect to the Class A-9C PO CertificatesComponent) and Class A-A-9C PO CertificatesComponent, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO CertificatesA-2 Certificates prior to the Distribution Date in December 2012) and Class A-PO CertificatesA-2 Certificates prior to the Distribution Date in December 2012, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. After the Cross-Over Date, the principal portion of Realized Losses, other than Excess Losses, allocated to the Class A-6 Certificates will be borne by the Class A-16 Certificates to the extent set forth in the proviso to the third sentence of the first paragraph under the definition of Principal Balance. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; thirdsecond, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourththird, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifthfourth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixthfifth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; sixth, to the Class M Certificates until the Class M Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-A-12 Certificates with respect to the Class A-12 PO CertificatesComponent) and Class A-A-12 Certificates with respect to the Class A-12 PO CertificatesComponent, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's or Subclass's Principal Balance.

Allocation of Realized Losses. (a) With respect to On any Distribution Date, the principal portion of each Realized Losses Loss (other than Debt Service Reductions, any Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy LossesLoss) will in respect of a Mortgage Loan shall be allocated as followsin the following order of priority: first, to the Class B-6 Certificates B6 Certificates, until the Class B-6 Principal Balance Amount thereof has been reduced to zero; second, to the Class B-5 Certificates B5 Certificates, until the Class B-5 Principal Balance Amount thereof has been reduced to zero; third, to the Class B-4 Certificates B4 Certificates, until the Class B-4 Principal Balance Amount thereof has been reduced to zero; fourth, to the Class B-3 Certificates B3 Certificates, until the Class B-3 Principal Balance Amount thereof has been reduced to zero; fifth, to the Class B-2 Certificates B2 Certificates, until the Class B-2 Principal Balance Amount thereof has been reduced to zero; sixth, to the Class B-1 Certificates B1 Certificates, until the Class B-1 Principal Balance Amount thereof has been reduced to zero; and seventh, concurrently, to the Class A Classes of Senior Certificates (other than the Class A-PO X Certificates) and Class A-PO Certificates), pro rata, based on in accordance with their Class Principal Amounts, until the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's related Class Principal BalanceAmount thereof is reduced to zero.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, Certificates based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal BalanceClass principal balance as the case may be.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the definitions of Principal Balance, Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and the Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance. (b) Any Realized Losses allocated to a Class of Class A Certificates or Class B Certificates pursuant to Section 4.02(a) shall be allocated among the Certificates of such Class based on their Percentage Interests.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; thirdsecond, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourththird, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifthfourth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixthfifth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; sixth, to the Class M Certificates until the Class M Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-A-16 Certificates with respect to the Class A-16 PO CertificatesComponent) and Class A-A-16 Certificates with respect to the Class A-16 PO CertificatesComponent, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's or Subclass's Principal Balance.

Allocation of Realized Losses. (a) With respect to any Distribution DateDate , the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO Fraction, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance.

Allocation of Realized Losses. (a) With respect All Realized Losses on the Mortgage Loans allocated to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will Regular Certificate shall be allocated by the Trustee on each Distribution Date as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zeroNet Monthly Excess Cashflow; second, to the Class B-5 Certificates C Certificates, until the Class B-5 Certificate Principal Balance thereof has been reduced to zero; third, to the Class B-4 Certificates B-2 Certificates, until the Class B-4 Certificate Principal Balance thereof has been reduced to zero; fourth, to the Class B-3 Certificates B-1 Certificates, until the Class B-3 Certificate Principal Balance thereof has been reduced to zero; fifth, to the Class B-2 Certificates M-10 Certificates, until the Class B-2 Certificate Principal Balance thereof has been reduced to zero; sixth, to the Class B-1 Certificates M-9 Certificates, until the Class B-1 Certificate Principal Balance thereof has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than M-8 Certificates, until the Certificate Principal Balance thereof has been reduced to zero; eighth, to the Class A-PO Certificates) and Class A-PO M-7 Certificates, pro ratauntil the Certificate Principal Balance thereof has been reduced to zero; ninth, based on to the Non-PO Fraction and Class M-6 Certificates, until the PO FractionCertificate Principal Balance thereof has been reduced to zero; tenth, respectively. This allocation of Realized Losses will be effected through to the reduction of Class M-5 Certificates, until the applicable Class's Principal Balance.Certificate 132

Allocation of Realized Losses. (a) With respect to any (i) On each Distribution Date, the principal portion Class Principal Amounts of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will the Group I Certificates shall be allocated as followsreduced by the amount of any Applied Loss Amount for such Distribution Date in the following order of priority: first, to the Class B-6 Certificates M-8 Certificates, until the Class B-6 Principal Balance Amount thereof has been reduced to zero; second, to the Class B-5 Certificates M-7 Certificates, until the Class B-5 Principal Balance Amount thereof has been reduced to zero; third, to the Class B-4 Certificates M-6 Certificates, until the Class B-4 Principal Balance Amount thereof has been reduced to zero; fourth, to the Class B-3 Certificates M-5 Certificates, until the Class B-3 Principal Balance Amount thereof has been reduced to zero; fifth, to the Class B-2 Certificates M-4 Certificates, until the Class B-2 Principal Balance Amount thereof has been reduced to zero; sixth, to the Class B-1 Certificates M-3 Certificates, until the Class B-1 Principal Balance Amount thereof has been reduced to zero; seventh, to the Class M-2 Certificates, until the Class Principal Amount thereof has been reduced to zero; eighth, to the Class M-1 Certificates, until the Class Principal Amount thereof has been reduced to zero; and seventh, concurrentlyninth, to the Class A Classes of Group I Senior Certificates (other than the Class A1-PO AX Certificates) and Class A-PO Certificates), pro rata, based on in accordance with their Class Principal Amounts; provided, however, that any Applied Loss Amount otherwise allocable to the NonClass 1-PO Fraction and A1 Certificates pursuant to this Section 5.03 shall be allocated to the PO Fraction, respectively. This allocation Class 1-A2 Certificates until the Class Principal Amount of Realized Losses will be effected through the reduction of the applicable Class's Principal Balancesuch Class has been reduced to zero.

Allocation of Realized Losses. (a) With respect to any Distribution Date, the principal portion of Realized Losses (other than Debt Service Reductions, Excess Special Hazard Losses, Excess Fraud Losses and Excess Bankruptcy Losses) will be allocated as follows: first, to the Class B-6 Certificates until the Class B-6 Principal Balance has been reduced to zero; second, to the Class B-5 Certificates until the Class B-5 Principal Balance has been reduced to zero; third, to the Class B-4 Certificates until the Class B-4 Principal Balance has been reduced to zero; fourth, to the Class B-3 Certificates until the Class B-3 Principal Balance has been reduced to zero; fifth, to the Class B-2 Certificates until the Class B-2 Principal Balance has been reduced to zero; sixth, to the Class B-1 Certificates until the Class B-1 Principal Balance has been reduced to zero; and seventh, concurrently, to the Class A Certificates (other than the Class A-PO Certificates) and Class A-PO Certificates, pro rata, based on the Non-PO Fraction and the PO FractionFraction of such Mortgage Loans, respectively. This allocation of Realized Losses will be effected through the reduction of the applicable Class's Principal Balance through the operation of the definition of Principal Balance and the provisos in the definitions of Class B-1 Principal Balance, Class B-2 Principal Balance, Class B-3 Principal Balance, Class B-4 Principal Balance, Class B-5 Principal Balance and Class B-6 Principal Balance.