Common use of Realized Losses Clause in Contracts

Realized Losses. (i) On each Distribution Date, Realized Losses (other than Excess Special Losses) realized during the prior calendar month will be allocated to reduce the Class Principal Balances of the Subordinate Certificates in reverse numerical order, in each case until the Class Principal Balance of each such Class has been reduced to zero. If the Class Principal Balances of all of the Subordinate Certificates have been reduced to zero, further Realized Losses (other than Excess Special Losses) on the Mortgage Loans shall be allocated to the Senior Certificates related to the Loan Group in which such Realized Losses occurred based on their outstanding Class Principal Balances, in each case until the Class Principal Balance has been reduced to zero.

Realized Losses. (i) On each Distribution Date, Realized Losses (other than Excess Special Losses) realized during the prior calendar month will be allocated to reduce the Class Principal Balances of the related Subordinate Certificates in reverse numerical order, in each case until the Class Principal Balance of each such Class of related Subordinate Certificates has been reduced to zero. If the Class Principal Balances of all of the Subordinate Certificates related to Group 1 and Group 2 or the Subordinate Certificates related to Group 3, Group 4 and Group 5 have been reduced to zero, further Realized Losses (other than Excess Special Losses) on the Mortgage Loans shall be allocated to the related Senior Certificates related to the Loan Group in which such Realized Losses occurred based on their outstanding Class Principal Balances, Balances in each case until the Class Principal Balance has been reduced to zero.