Common use of Appraisal Reductions Clause in Contracts

Appraisal Reductions. The aggregate Appraisal Reduction (including with respect to the One Post Office Square Whole Loan) will be allocated by the Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan (including with respect to the One Post Office Square Whole Loan), to the Certificate Balance of the Class NR, Class P, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates, in that order, up to the amount of their respective Certificate Balances; provided, that, with respect to an Appraisal Reduction on the One Post Office Square Whole Loan, such Appraisal Reduction will be applied to the One Post Office Square B Note (and allocated to the Class PS Certificates), prior to any allocation of such Appraisal Reduction to the One Post Office Square Mortgage Loan or One Post Office Square Companion Note. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to an Appraisal Reduction allocated to the One Post Office Square B Note pursuant to this Section 4.05, such Appraisal Reduction will be applied, first, to the Class PS-7 Certificates, second, to the Class PS-6 Certificates, third, to the Class PS-5 Certificates, fourth, to the Class PS-4 Certificates, fifth, to the Class PS-3 Certificates, sixth, to the Class PS-2 Certificates, and seventh to the Class PS-1 Certificates. Solely for purposes of selecting or replacing the One Post Office Square Representative, the Certificate Balances of the Class PS Certificates will be reduced by any Appraisal Reductions with respect to the One Post Office Square Whole Loan, in the order and priority set forth in Section 3.29(j).

Appraisal Reductions. The aggregate Appraisal Reduction (including with respect to the One Post Office Square Whole Loan) will be allocated by the Paying Agent Trustee on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan (including with respect to the One Post Office Square Whole Loan), to the Certificate Balance of the Class NR, Class Q, Class P, Class O, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates and the Class A-J Certificates and then the Class A-M Certificates, in that order, up to the amount of their respective Certificate Balances; provided, that, with respect to an Appraisal Reduction on the One Post Office Square Whole Loan, such Appraisal Reduction will be applied to the One Post Office Square B Note (and allocated to the Class PS Certificates), prior to any allocation of such Appraisal Reduction to the One Post Office Square Mortgage Loan or One Post Office Square Companion Note. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to an any AB Mortgage Loan, Appraisal Reduction Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions will be allocated to the One Post Office Square B Note pursuant related Companion Loan up to this Section 4.05the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the Houston Galleria Whole Loan, such Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the Houston Galleria Loan, the Houston Galleria Pari Passu Companion Loans and the Houston Galleria Subordinate Companion Loans. Any resulting Appraisal Reduction on the Houston Galleria Whole Loan will be applied, first, to the Class PS-7 CertificatesHouston Galleria Trust Subordinate Companion Loan up to the principal amount of such Mortgage Loan, second, to the Class PS-6 Certificates, third, Houston Galleria Non-Trust Subordinate Companion Loan up to the Class PS-5 Certificatesprincipal amount of such Companion Loan, fourth, and then to the Class PS-4 Certificates, fifth, to Houston Galleria Loan and the Class PS-3 Certificates, sixth, to the Class PS-2 Certificates, and seventh to the Class PS-1 Certificates. Solely for purposes of selecting or replacing the One Post Office Square Representative, the Certificate Balances of the Class PS Certificates will be reduced by any Appraisal Reductions with respect to the One Post Office Square Whole Houston Galleria Pari Passu Companion Loan, in the order pro rata and priority set forth in Section 3.29(j)pari passu, according to their respective principal balances.

Appraisal Reductions. The aggregate Appraisal Reduction (including with respect to the One Post Office Square Whole Loan) will be allocated by the Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan (including with respect to the One Post Office Square Whole Loan), to the Certificate Balance of the Class NR, Class Q, Class P, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates, the Class A-J Certificates and then the Class A-M Certificates in that order, up to the amount of their respective Certificate Balances; provided, that, with respect to an Appraisal Reduction on the One Post Office Square Whole Loan, such Appraisal Reduction will be applied to the One Post Office Square B Note (and allocated to the Class PS Certificates), prior to any allocation of such Appraisal Reduction to the One Post Office Square Mortgage Loan or One Post Office Square Companion Note. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to an any AB Mortgage Loan, Appraisal Reduction Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions will be allocated to the One Post Office Square B Note pursuant to this Section 4.05, such Appraisal Reduction will be applied, first, related Companion Loan up to the Class PS-7 Certificates, second, principal amount of such Companion Loan prior to being allocated to the Class PS-6 Certificates, third, to the Class PS-5 Certificates, fourth, to the Class PS-4 Certificates, fifth, to the Class PS-3 Certificates, sixth, to the Class PS-2 Certificates, and seventh to the Class PS-1 CertificatesAB Mortgage Loan. Solely for purposes of selecting or replacing the One Post Office Square Representative, the Certificate Balances of the Class PS Certificates will be reduced by any Appraisal Reductions with With respect to the One Post Office Square & Two Prudential Plaza Whole Loan, in Appraisal Reductions will be calculated based on the order aggregate outstanding principal balance of the One & Two Prudential Plaza Mortgage Loan and priority set forth in Section 3.29(j)the One & Two Prudential Plaza Companion Note. Any resulting Appraisal Reductions will be allocated, pro rata, to the One & Two Prudential Plaza Mortgage Loan and the One & Two Prudential Plaza Companion Note, based on their Stated Principal Balances.

Appraisal Reductions. The aggregate Appraisal Reduction (including with respect to the One Post Office Square Whole Loan) will be allocated by the Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan (including with respect to the One Post Office Square Whole Loan), to the Certificate Balance of the Class NR, Class P, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C and Class B Certificates, the Class A-J Certificates and then the Class A-M Certificates in that order, up to the amount of their respective Certificate Balances; provided, that, with respect to an Appraisal Reduction on the One Post Office Square Whole Loan, such Appraisal Reduction will be applied to the One Post Office Square B Note (and allocated to the Class PS Certificates), prior to any allocation of such Appraisal Reduction to the One Post Office Square Mortgage Loan or One Post Office Square Companion Note. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to an any AB Mortgage Loan, Appraisal Reduction Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions will be allocated to the One Post Office Square B Note pursuant related Companion Loan up to this Section 4.05the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the CenterPoint I Whole Loan, such Appraisal Reduction Reductions will be appliedcalculated based on the aggregate outstanding principal balance of the CenterPoint I Mortgage Loan and the CenterPoint I Companion Note. Any resulting Appraisal Reductions will be allocated, firstpro rata, to the Class PS-7 CertificatesCenterPoint I Mortgage Loan and the CenterPoint I Companion Note, second, to the Class PS-6 Certificates, third, to the Class PS-5 Certificates, fourth, to the Class PS-4 Certificates, fifth, to the Class PS-3 Certificates, sixth, to the Class PS-2 Certificates, and seventh to the Class PS-1 Certificates. Solely for purposes of selecting or replacing the One Post Office Square Representative, the Certificate Balances of the Class PS Certificates will be reduced by any Appraisal Reductions with respect to the One Post Office Square Whole Loan, in the order and priority set forth in Section 3.29(j)based on their Stated Principal Balances.

Appraisal Reductions. The aggregate Appraisal Reduction (including with respect to the One Post Office Square Whole Loan) will be allocated by the Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan (including with respect to the One Post Office Square Whole Loan), to the Certificate Balance of the Class NR, Class P, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C C, Class B, Class A-J and Class B A-M Certificates, in that order, up to the amount of their respective Certificate Balances; provided, that, with respect to an Appraisal Reduction on the One Post Office Square Whole Loan, such Appraisal Reduction will be applied to the One Post Office Square B Note (and allocated to the Class PS Certificates), prior to any allocation of such Appraisal Reduction to the One Post Office Square Mortgage Loan or One Post Office Square Companion Note. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to an any AB Mortgage Loan, Appraisal Reduction allocated to the One Post Office Square B Note pursuant to this Section 4.05, such Appraisal Reduction Reductions will be applied, first, to calculated based on the Class PS-7 Certificates, second, to aggregate outstanding principal balance of such AB Mortgage Loan and the Class PS-6 Certificates, third, to the Class PS-5 Certificates, fourth, to the Class PS-4 Certificates, fifth, to the Class PS-3 Certificates, sixth, to the Class PS-2 Certificates, and seventh to the Class PS-1 Certificatesrelated Companion Loan. Solely for purposes of selecting or replacing the One Post Office Square Representative, the Certificate Balances of the Class PS Certificates will be reduced by any Any resulting Appraisal Reductions with respect to any AB Mortgage Loan will be allocated to the One Post Office Square related Companion Loan up to the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to the Bank of America Plaza Whole Loan, in Appraisal Reductions will be calculated based on the order aggregate outstanding principal balance of the Bank of America Plaza Mortgage Loan and priority set forth in Section 3.29(j)the Bank of America Plaza Companion Note. Any resulting Appraisal Reductions will be allocated, pro rata, to the Bank of America Plaza Mortgage Loan and the Bank of America Plaza Companion Note, based on their Stated Principal Balances.

Appraisal Reductions. The aggregate Appraisal Reduction (including with respect to the One Post Office Square Whole Loan) will be allocated by the Paying Agent on each Distribution Date, only for purposes of determining the amount of P&I Advances with respect to the related Mortgage Loan (including with respect to the One Post Office Square Whole Loan), to the Certificate Balance of the Class NR, Class T, Class Q, Class P, Class N, Class M, Class L, Class K, Class J, Class H, Class G, Class F, Class E, Class D, Class C C, Class B, Class A-J Certificates and the Class B A-MFL Regular Interest (and correspondingly to the Class A-MFL Certificates) and the Class A-M Certificates, pro rata, in that order, up to the amount of their respective Certificate Balances; provided, that, with respect to an Appraisal Reduction on the One Post Office Square Whole Loan, such Appraisal Reduction will be applied to the One Post Office Square B Note (and allocated to the Class PS Certificates), prior to any allocation of such Appraisal Reduction to the One Post Office Square Mortgage Loan or One Post Office Square Companion Note. On any Distribution Date, an Appraisal Reduction that otherwise would be allocated to a Class of Certificates will be allocated to the next most subordinate Class to the extent that the Certificate Balance on such Distribution Date for such Class of Certificates (prior to taking the Appraisal Reduction into account) is less than the Appraisal Reduction for such Distribution Date. With respect to an any AB Mortgage Loan, Appraisal Reduction Reductions will be calculated based on the aggregate outstanding principal balance of such AB Mortgage Loan and the related Companion Loan. Any resulting Appraisal Reductions with respect to any AB Mortgage Loan will be allocated to the One Post Office Square B Note pursuant related Companion Loan up to this Section 4.05the principal amount of such Companion Loan prior to being allocated to the AB Mortgage Loan. With respect to a Serviced Whole Loan, such Appraisal Reductions will be calculated based on the aggregate outstanding principal balance of the related Serviced Mortgage Loan and the related Serviced Companion Loans. Any Appraisal Reduction will be appliedallocated in accordance with the related Intercreditor Agreement, first, to the Class PS-7 Certificatesrelated Serviced Subordinate Companion Loan, if applicable, and, second, to the Class PS-6 Certificates, third, to the Class PS-5 Certificates, fourth, to the Class PS-4 Certificates, fifth, to the Class PS-3 Certificates, sixth, to the Class PS-2 Certificates, related Serviced Mortgage Loan and seventh to the Class PS-1 Certificates. Solely for purposes of selecting or replacing the One Post Office Square Representative, the Certificate Balances of the Class PS Certificates will be reduced by any Appraisal Reductions with respect to the One Post Office Square Whole each Serviced Pari Passu Companion Loan, in the order and priority set forth in Section 3.29(j)pro rata, according to their respective Stated Principal Balances.