Common use of Derivative Contracts Clause in Contracts

Derivative Contracts. 40 ARTICLE V THE CERTIFICATES..........................................................................41 Section 5.01 The Certificates.................................................................41 Section 5.02 Registration of Transfer and Exchange of Certificates............................41 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates................................42 Section 5.04 Persons Deemed Owners............................................................42 Section 5.05 Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 ARTICLE VI THE COMPANY AND THE MASTER SERVICER.......................................................42 Section 6.01 Respective Liabilities of the Company and Master Servicer........................42 Section 6.02 Merger or Consolidation of the Company or Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 Section 6.03 Limitation on Liability of the Company, Master Servicer and Others...............43 Section 6.04 Company and Master Servicer Not to Resign........................................43

Derivative Contracts. 40 87 Section 4.10. Yield Maintenance Agreement......................................................88 ARTICLE V THE CERTIFICATES..........................................................................41 ..............................................................................89 Section 5.01 5.01. The Certificates.................................................................41 89 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 91 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 95 Section 5.04 5.04. Persons Deemed Owners............................................................42 95 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 96 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 .........................................................97 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 ..................97 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 .................97 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 .......................................................................98 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43......................................98 ARTICLE VII DEFAULT......................................................................................100 Section 7.01. Events of Default...............................................................100 Section 7.02. Trustee or Depositor to Act; Appointment of Successor...........................101 Section 7.03. Notification to Certificateholders..............................................102 Section 7.04. Waiver of Events of Default.....................................................103 ARTICLE VIII CONCERNING THE TRUSTEE.......................................................................104 Section 8.01. Duties of Trustee...............................................................104 Section 8.02. Certain Matters Affecting the Trustee...........................................105 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans...........................106 Section 8.04. Trustee May Own Certificates....................................................107 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.................................................................107 Section 8.06. Eligibility Requirements for Trustee............................................107 Section 8.07. Resignation and Removal of the Trustee..........................................108 Section 8.08. Successor Trustee...............................................................109 Section 8.09. Merger or Consolidation of Trustee..............................................109 Section 8.10. Appointment of Co-Trustee or Separate Trustee...................................109 Section 8.11. Appointment of the Custodian....................................................110 Section 8.12. Appointment of Office or Agency.................................................111 Section 8.13. DTC Letter of Representations...................................................111 Section 8.14. Yield Maintenance Agreement.....................................................111

Derivative Contracts. 40 15 ARTICLE V THE CERTIFICATES..........................................................................41 ......................................................................................15 Section 5.01 5.01. The Certificates.................................................................41 15 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 15 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 15 Section 5.04 5.04. Persons Deemed Owners............................................................42 15 Section 5.05 5.05. Appointment of Paying Agent......................................................42 15 Section 5.06 5.06. U.S.A. Patriot Act Compliance....................................................42 15 ARTICLE VI THE COMPANY AND THE MASTER SERVICER.......................................................42 ..................................................................15 ARTICLE VII DEFAULT 15 ARTICLE VIII CONCERNING THE TRUSTEE.............................................................................15 Section 6.01 Respective Liabilities 8.01. Duties of the Company Trustee............................................................15 Section 8.02. Certain Matters Affecting the Trustee............................................15 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans............................15 Section 8.04. Trustee May Own Certificates.....................................................15 Section 8.05. Master Servicer to Pay Trustee's Fees and Master Servicer........................42 Expenses; Indemnification..............15 Section 6.02 8.06. Eligibility Requirements for Trustee.............................................15 Section 8.07. Resignation and Removal of the Trustee...........................................15 Section 8.08. Successor Trustee................................................................15 Section 8.09. Merger or Consolidation of Trustee...............................................15 Section 8.10. Appointment of Co-Trustee or Separate Trustee....................................15 Section 8.11. Appointment of Custodians........................................................15 Section 8.12. Appointment of Office or Agency..................................................15 Section 8.13. [Reserved].......................................................................15 ARTICLE IX TERMINATION..........................................................................................15 Section 9.01. Optional Purchase by the Company or Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 Section 6.03 Limitation on Liability of the Company, Master Servicer and Others...............43 Section 6.04 Company and of All Certificates; Termination Upon Purchase by the Master Servicer Not to Resign........................................43or Liquidation of All Mortgage Loans........15 Section 9.02. Additional Termination Requirements..............................................15 Section 9.03. Termination of Multiple REMICs...................................................15

Derivative Contracts. 40 84 Section 4.10. Yield Maintenance Agreement......................................................85 ARTICLE V THE CERTIFICATES..........................................................................41 ......................................................................................86 Section 5.01 5.01. The Certificates.................................................................41 86 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 88 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 92 Section 5.04 5.04. Persons Deemed Owners............................................................42 93 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 93 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 ................................................................94 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 ..................94 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 .................94 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 .........95 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43......................................95 ARTICLE VII DEFAULT.............................................................................................97 Section 7.01. Events of Default................................................................97 Section 7.02. Trustee or Depositor to Act; Appointment of Successor............................98 Section 7.03. Notification to Certificateholders...............................................99 Section 7.04. Waiver of Events of Default.....................................................100 ARTICLE VIII CONCERNING THE TRUSTEE............................................................................101 Section 8.01. Duties of Trustee...............................................................101 Section 8.02. Certain Matters Affecting the Trustee...........................................102 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans...........................103 Section 8.04. Trustee May Own Certificates....................................................104 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.............104 Section 8.06. Eligibility Requirements for Trustee............................................104 Section 8.07. Resignation and Removal of the Trustee..........................................105 Section 8.08. Successor Trustee...............................................................106 Section 8.09. Merger or Consolidation of Trustee..............................................106 Section 8.10. Appointment of Co-Trustee or Separate Trustee...................................106 Section 8.11. Appointment of Custodians.......................................................107 Section 8.12. Appointment of Office or Agency.................................................108 Section 8.13. DTC Letter of Representations...................................................108 Section 8.14. Yield Maintenance Agreement.....................................................108 ARTICLE IX TERMINATION.........................................................................................109 Section 9.01. Termination Upon Purchase or Liquidation of All Mortgage Loans..................109 Section 9.02. Additional Termination Requirements.............................................112 ARTICLE X REMIC PROVISIONS.....................................................................................114 Section 10.01. REMIC Administration............................................................114 Section 10.02. Master Servicer, REMIC Administrator and Trustee Indemnification................117 ARTICLE XI MISCELLANEOUS PROVISIONS............................................................................118 Section 11.01. Amendment.......................................................................118 Section 11.02. Recordation of Agreement; Counterparts..........................................120 Section 11.03. Limitation on Rights of Certificateholders......................................120 Section 11.04. Governing Law...................................................................121 Section 11.05. Notices.........................................................................121 Section 11.06. Notices to Rating Agencies......................................................122 Section 11.07. Severability of Provisions......................................................122 Section 11.08. Supplemental Provisions for Resecuritization....................................122 Section 11.09. Third-Party Beneficiary.........................................................123 ARTICLE XII COMPLIANCE WITH REGULATION AB......................................................................123 Section 12.01. Intent of Parties; Reasonableness...............................................123 Section 12.02. Additional Representations and Warranties of the Trustee........................124 Section 12.03. Information to be Provided by the Trustee.......................................124 Section 12.04. Report on Assessment of Compliance and Attestation..............................124 Section 12.05. Indemnification; Remedies.......................................................125 Exhibit A Form of Class A Certificate..................................................................A-1 Exhibit B Form of Class M Certificate..................................................................B-1 Exhibit C Form of Class SB Certificate.................................................................C-1 Exhibit D Form of Class R Certificate..................................................................D-1 Exhibit E Form of Custodial Agreement..................................................................E-1 Exhibit F Mortgage Loan Schedule.......................................................................F-1 Exhibit G Form of Request for Release..................................................................G-1 Exhibit H-1 Form of Transfer Affidavit and Agreement...................................................H-1-1 Exhibit H-2 Form of Transferor Certificate.............................................................H-2-1 Exhibit I Form of Investor Representation Letter.......................................................I-1 Exhibit J Form of Transferor Representation Letter.....................................................J-1 Exhibit K Text of Amendment to Pooling and Servicing Agreement Pursuant to Section 11.01(e) for a Limited Guaranty......................................................K-1 Exhibit L Form of Limited Guaranty.....................................................................L-1 Exhibit M Form of Lender Certification for Assignment of Mortgage Loan.................................M-1 Exhibit N Form of Rule 144A Investment Representation..................................................N-1 Exhibit O Form of ERISA Representation Letter for Class SB Certificates................................O-1 Exhibit P Form of ERISA Representation Letter for Class M Certificates.................................P-1 Exhibit Q [Reserved]...................................................................................Q-1 Exhibit R Assignment Agreement........................................................................R-1 Exhibit S Servicing Criteria...........................................................................S-1 Exhibit T-1 Form of 10-K Certification.................................................................T-1-1 Exhibit T-2 Form of Back-Up Certification..............................................................T-2-1 Exhibit U Information to be Provided by the Master Servicer to the Rating Agencies Relating to Reportable Modified Mortgage Loans...........................................................U-1 This Pooling and Servicing Agreement, effective as of September 1, 2006, among RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., as the depositor (together with its permitted successors and assigns, the "Depositor"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and JPMORGAN CHASE BANK, N.A., a banking association organized under the laws of the United States, as trustee (together with its permitted successors and assigns, the "Trustee").

Derivative Contracts. 40 87 Section 4.10. Yield Maintenance Agreement......................................................88 ARTICLE V THE CERTIFICATES..........................................................................41 ..............................................................................89 Section 5.01 5.01. The Certificates.................................................................41 89 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 91 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 95 Section 5.04 5.04. Persons Deemed Owners............................................................42 95 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 96 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 .........................................................97 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 ..................97 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 .................97 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 .........98 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43......................................98 ARTICLE VII DEFAULT......................................................................................100 Section 7.01. Events of Default...............................................................100 Section 7.02. Trustee or Depositor to Act; Appointment of Successor...........................101 Section 7.03. Notification to Certificateholders..............................................102 Section 7.04. Waiver of Events of Default.....................................................103 ARTICLE VIII CONCERNING THE TRUSTEE.......................................................................104 Section 8.01. Duties of Trustee...............................................................104 Section 8.02. Certain Matters Affecting the Trustee...........................................105 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans...........................106 Section 8.04. Trustee May Own Certificates....................................................107 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.............107 Section 8.06. Eligibility Requirements for Trustee............................................107 Section 8.07. Resignation and Removal of the Trustee..........................................108 Section 8.08. Successor Trustee...............................................................109 Section 8.09. Merger or Consolidation of Trustee..............................................109 Section 8.10. Appointment of Co-Trustee or Separate Trustee...................................109 Section 8.11. Appointment of Custodians.......................................................110 Section 8.12. Appointment of Office or Agency.................................................111 Section 8.13. DTC Letter of Representations...................................................111 Section 8.14. Yield Maintenance Agreement.....................................................111

Derivative Contracts. 40 87 Section 4.10. Yield Maintenance Agreement......................................88 ARTICLE V THE CERTIFICATES..........................................................................41 .................................................................89 Section 5.01 5.01. The Certificates.................................................................41 .................................................89 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 ............90 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 ................95 Section 5.04 5.04. Persons Deemed Owners............................................................42 ............................................95 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 ......................................95 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 ...........................................97 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 .........................................................97 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 ..................................................97 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 ..............................................98 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43......................98 ARTICLE VII DEFAULT........................................................................99

Derivative Contracts. 40 3 Section 4.10. Yield Maintenance Agreement.......................................................3 ARTICLE V THE CERTIFICATES..........................................................................41 .......................................................................................3 Section 5.01 5.01. The Certificates.................................................................41 ..................................................................3 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 .............................3 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 .................................3 Section 5.04 5.04. Persons Deemed Owners............................................................42 .............................................................3 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 .......................................................3 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 .................................................................3 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 ...................3 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 ..................3 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 ..........3 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43.......................................3 ARTICLE VII DEFAULT..............................................................................................3 Section 7.01. Events of Default.................................................................3 Section 7.02. Trustee or Depositor to Act; Appointment of Successor.............................3 Section 7.03. Notification to Certificateholders................................................3 Section 7.04. Waiver of Events of Default.......................................................3

Derivative Contracts. 40 85 Section 4.10. Yield Maintenance Agreement......................................................86 ARTICLE V THE CERTIFICATES..........................................................................41 ......................................................................................87 Section 5.01 5.01. The Certificates.................................................................41 87 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 89 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 93 Section 5.04 5.04. Persons Deemed Owners............................................................42 94 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 94 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 ................................................................95 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 ..................95 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 95 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 .........96 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43......................................96 ARTICLE VII DEFAULT.............................................................................................97 Section 7.01. Events of Default................................................................97 Section 7.02. Trustee or Depositor to Act; Appointment of Successor............................98 Section 7.03. Notification to Certificateholders...............................................99 Section 7.04. Waiver of Events of Default.....................................................100 ARTICLE VIII CONCERNING THE TRUSTEE............................................................................101 Section 8.01. Duties of Trustee...............................................................101 Section 8.02. Certain Matters Affecting the Trustee...........................................102 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans...........................103 Section 8.04. Trustee May Own Certificates....................................................104 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.............104 Section 8.06. Eligibility Requirements for Trustee............................................104 Section 8.07. Resignation and Removal of the Trustee..........................................105 Section 8.08. Successor Trustee...............................................................106 Section 8.09. Merger or Consolidation of Trustee..............................................106 Section 8.10. Appointment of Co-Trustee or Separate Trustee...................................106 Section 8.11. Appointment of Custodians.......................................................107 Section 8.12. Appointment of Office or Agency.................................................108 Section 8.13. DTC Letter of Representations...................................................108 Section 8.14. Yield Maintenance Agreement.....................................................108 ARTICLE IX TERMINATION.........................................................................................109 Section 9.01. Termination Upon Purchase or Liquidation of All Mortgage Loans..................109 Section 9.02. Additional Termination Requirements.............................................112 ARTICLE X REMIC PROVISIONS.....................................................................................114 Section 10.01. REMIC Administration............................................................114 Section 10.02. Master Servicer, REMIC Administrator and Trustee Indemnification................117 ARTICLE XI MISCELLANEOUS PROVISIONS............................................................................118 Section 11.01. Amendment.......................................................................118 Section 11.02. Recordation of Agreement; Counterparts..........................................120 Section 11.03. Limitation on Rights of Certificateholders......................................120 Section 11.04. Governing Law...................................................................121 Section 11.05. Notices.........................................................................121 Section 11.06. Notices to Rating Agencies......................................................122 Section 11.07. Severability of Provisions......................................................122 -iii- Section 11.08. Supplemental Provisions for Resecuritization....................................122 Section 11.09. Third-Party Beneficiary.........................................................123 ARTICLE XII COMPLIANCE WITH REGULATION AB......................................................................123 Section 12.01. Intent of Parties; Reasonableness...............................................123 Section 12.02. Additional Representations and Warranties of the Trustee........................124 Section 12.03. Information to be Provided by the Trustee.......................................124 Section 12.04. Report on Assessment of Compliance and Attestation..............................124 Section 12.05. Indemnification; Remedies.......................................................125 Exhibit A Form of Class A Certificate..................................................................A-1 Exhibit B Form of Class M Certificate..................................................................B-1 Exhibit C Form of Class SB Certificate.................................................................C-1 Exhibit D Form of Class R Certificate..................................................................D-1 Exhibit E Form of Custodial Agreement..................................................................E-1 Exhibit F Mortgage Loan Schedule.......................................................................F-1 Exhibit G Form of Request for Release..................................................................G-1 Exhibit H-1 Form of Transfer Affidavit and Agreement...................................................H-1-1 Exhibit H-2 Form of Transferor Certificate.............................................................H-2-1 Exhibit I Form of Investor Representation Letter.......................................................I-1 Exhibit J Form of Transferor Representation Letter.....................................................J-1 Exhibit K Text of Amendment to Pooling and Servicing Agreement Pursuant to Section 11.01(e) for a Limited Guaranty......................................................K-1 Exhibit L Form of Limited Guaranty.....................................................................L-1 Exhibit M Form of Lender Certification for Assignment of Mortgage Loan.................................M-1 Exhibit N Form of Rule 144A Investment Representation..................................................N-1 Exhibit O Form of ERISA Representation Letter for Class SB Certificates................................O-1 Exhibit P Form of ERISA Representation Letter for Class M Certificates.................................P-1 Exhibit Q [Reserved]...................................................................................Q-1 Exhibit R Assignment Agreement.........................................................................R-1 Exhibit S Servicing Criteria...........................................................................S-1 Exhibit T-1 Form of 10-K Certification.................................................................T-1-1 Exhibit T-2 Form of Back-Up Certification..............................................................T-2-1 Exhibit U Information to be Provided by the Master Servicer to the Rating Agencies Relating to Reportable Modified Mortgage Loans......................................................................U-1 This Pooling and Servicing Agreement, effective as of April 1, 2006, among RESIDENTIAL ASSET MORTGAGE PRODUCTS, INC., as the depositor (together with its permitted successors and assigns, the "Depositor"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and JPMORGAN CHASE BANK, N.A., a banking association organized under the laws of the United States, as trustee (together with its permitted successors and assigns, the "Trustee").

Derivative Contracts. 40 87 Section 4.10. Yield Maintenance Agreement......................................88 ARTICLE V THE CERTIFICATES..........................................................................41 .................................................................89 Section 5.01 5.01. The Certificates.................................................................41 .................................................89 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 ............91 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 ................95 Section 5.04 5.04. Persons Deemed Owners............................................................42 ............................................95 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 ......................................96 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 ...........................................97 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 .........................................................97 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 ..................................................97 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 ..............................................98 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43......................98 ARTICLE VII DEFAULT........................................................................99 Section 7.01. Events of Default................................................99 Section 7.02. Trustee or Depositor to Act; Appointment of Successor...........100 Section 7.03. Notification to Certificateholders..............................101 Section 7.04. Waiver of Events of Default.....................................102

Derivative Contracts. 40 102 Section 4.10. Yield Maintenance Agreement.....................................................103 ARTICLE V THE CERTIFICATES..........................................................................41 .....................................................................................105 Section 5.01 5.01. The Certificates.................................................................41 ................................................................105 Section 5.02 5.02. Registration of Transfer and Exchange of Certificates............................41 ...........................107 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................................42 ...............................111 Section 5.04 5.04. Persons Deemed Owners............................................................42 ...........................................................111 Section 5.05 5.05. Appointment of Paying Agent......................................................42 Section 5.06 U.S.A. Patriot Act Compliance....................................................42 .....................................................112 ARTICLE VI THE COMPANY DEPOSITOR AND THE MASTER SERVICER.......................................................42 ...............................................................113 Section 6.01 6.01. Respective Liabilities of the Company Depositor and the Master Servicer........................42 .................113 Section 6.02 6.02. Merger or Consolidation of the Company Depositor or the Master Servicer; Assignment of Rights and Delegation of Duties by Master Servicer...............................42 .............................113 Section 6.03 6.03. Limitation on Liability of the CompanyDepositor, the Master Servicer and Others...............43 ........114 Section 6.04 Company 6.04. Depositor and Master Servicer Not to Resign........................................43.....................................114 ARTICLE VII DEFAULT............................................................................................116 Section 7.01. Events of Default...............................................................116 Section 7.02. Trustee or Depositor to Act; Appointment of Successor...........................117 Section 7.03. Notification to Certificateholders..............................................118 Section 7.04. Waiver of Events of Default.....................................................119 ARTICLE VIII CONCERNING THE TRUSTEE............................................................................120 Section 8.01. Duties of Trustee...............................................................120 Section 8.02. Certain Matters Affecting the Trustee...........................................121 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans...........................122 Section 8.04. Trustee May Own Certificates....................................................123 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.............123 Section 8.06. Eligibility Requirements for Trustee............................................123 Section 8.07. Resignation and Removal of the Trustee..........................................124 Section 8.08. Successor Trustee...............................................................125 Section 8.09. Merger or Consolidation of Trustee..............................................125 Section 8.10. Appointment of Co-Trustee or Separate Trustee...................................125 Section 8.11. Appointment of the Custodian....................................................126 Section 8.12. Appointment of Office or Agency.................................................127 Section 8.13. DTC Letter of Representations...................................................127 Section 8.14. Yield Maintenance Agreement.....................................................127