Common use of Exchangeable REMIC Certificates Clause in Contracts

Exchangeable REMIC Certificates. The Class A-3, Class A-4, Class A-5 and Class A-6 Certificates issued under the Trust Agreement. Group C-B Certificates The Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates. Notional Amount Certificates The Class A-4, Class A-6 and Class A-IO Certificates. Offered Certificates All Classes of Certificates other than the Private Certificates. Physical Certificates The Residual Certificates and the Private Certificates. Private Certificates The Class C-B-4, Class C-B-5, Class C-B-6 and Class PP Certificates. Rating Agencies S&P and Fitch. Regular Certificates All Classes of Certificates other than the Residual Certificates. Residual Certificates The Class AR and Class AR-L Certificates. Senior Certificates The Class A-3, Class A-4, Class A-5, Class A-6, Class A-IO, Class AR and Class AR-L Certificates. Subordinate Certificates The Group C-B Certificates. Uncertificated REMIC Interests The Class A-3, Class A-4, Class A-5, Class A-6 Certificates issued under this Pooling and Servicing Agreement. All covenants and agreements made by the Depositor herein are for the benefit and security of the Certificateholders. The Depositor is entering into this Agreement, and the Trustee is accepting the trusts created hereby and thereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The principal balance of the Mortgage Loans as of the Cut-off Date is $681,047,053.11. The parties hereto intend to effect an absolute sale and assignment of the Mortgage Loans to the Trustee for the benefit of Certificateholders under this Agreement. However, the Depositor and the Seller will hereunder absolutely assign and, as a precautionary matter grant a security interest in and to, its rights, if any, in the related Mortgage Loans to the Trustee on behalf of Certificateholders to ensure that the interest of the Certificateholders hereunder in the Mortgage Loans is fully protected.

Exchangeable REMIC Certificates. The Class A-3, Class A-4, Class A-5 and Class A-6 Certificates issued under the Trust Agreement. Group C-B Certificates The Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates. Notional Amount Certificates The Class A-4, Class A-6 A-6, Class A-8 and Class A-IO Certificates. Offered Certificates All Classes of Certificates other than the Private Certificates. Physical Certificates The Residual Certificates and the Private Certificates. Private Certificates The Class C-B-4, Class C-B-5, Class C-B-6 and Class PP Certificates. Rating Agencies S&P and Fitch. Regular Certificates All Classes of Certificates other than the Residual Certificates. Residual Certificates The Class AR and Class AR-L Certificates. Senior Certificates The Class A-3, Class A-4, Class A-5, Class A-6, Class A-IO, Class AR and Class AR-L Certificates. Subordinate Certificates The Group C-B Certificates. Uncertificated REMIC Interests The Class A-3, Class A-4, Class A-5, Class A-6 Certificates issued under this Pooling and Servicing Agreement. All covenants and agreements made by the Depositor herein are for the benefit and security of the Certificateholders. The Depositor is entering into this Agreement, and the Trustee is accepting the trusts created hereby and thereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The principal balance of the Mortgage Loans as of the Cut-off Date is $681,047,053.11. The parties hereto intend to effect an absolute sale and assignment of the Mortgage Loans to the Trustee for the benefit of Certificateholders under this Agreement. However, the Depositor and the Seller will hereunder absolutely assign and, as a precautionary matter grant a security interest in and to, its rights, if any, in the related Mortgage Loans to the Trustee on behalf of Certificateholders to ensure that the interest of the Certificateholders hereunder in the Mortgage Loans is fully protected.