Common use of Monitoring of Significance Percentage Clause in Contracts

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Contract based on the aggreg▇▇▇ ▇ertificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "“significance percentage" ” (as defined in Item 1115 of Subpart 229.1100 - – Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. §§ 229.1100-229.1123) of the Swap Contract based on the aggreg▇▇▇ ▇ertificate aggregate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "“significance percentage" ” of the Swap Contract for that Distribution Date. If the "“significance percentage" ” of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Contract based on the aggreg▇aggrega▇▇ ▇ertificate ▇rtificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "“significance percentage" ” (as defined in Item 1115 of Subpart 229.1100 - – Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. §§ 229.1100-229.1123) of the Swap each Corridor Contract based on the aggreg▇▇▇ ▇ertificate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "“significance percentage" ” of the Swap each Contract for that Distribution Date. If the "“significance percentage" ” of the Swap each Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "“significance percentage" ” (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. §§ 229.1100-229.1123) of the Swap Contract based on the aggreg▇▇▇ ▇ertificate aggregate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "“significance percentage" ” of the Swap Contract for that Distribution Date. If the "“significance percentage" ” of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap ▇▇▇▇▇dor Contract based on the aggreg▇▇▇ ▇ertificate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Corridor Contract for that Distribution Date. If the "significance percentage" of the Swap Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Corridor Contract based on the aggregCe▇▇▇ ▇ertificate ▇▇cate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Corridor Contract for that Distribution Date. If the "significance percentage" of the Swap Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss▇▇.▇▇. 229.1100-229.1123) of the Swap Corridor Contract based on the aggreg▇▇▇ ▇ertificate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Corridor Contract for that Distribution Date. If the "significance percentage" of the Swap Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Contract based on the aggregaggregat▇ ▇▇▇ ▇ertificate tificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss▇▇.▇▇. 229.1100-229.1123) of the Swap Contract based on the aggreg▇▇▇ ▇ertificate aggregate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Corridor Contract based on the aggregCert▇▇▇ ▇ertificate ▇▇te Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Corridor Contract for that Distribution Date. If the "significance percentage" of the Swap Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Contract based on the aggregaggr▇▇▇▇▇ ▇ertificate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Corridor Contract based on the aggregC▇▇▇ ▇ertificate ▇▇icate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Corridor Contract for that Distribution Date. If the "significance percentage" of the Swap Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Contract based on the aggregaggregate ▇▇▇ ▇ertificate ▇ificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap C▇▇▇▇▇or Contract based on the aggreg▇▇▇ ▇ertificate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Corridor Contract for that Distribution Date. If the "significance percentage" of the Swap Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Corridor Contract based on the aggregCerti▇▇▇ ▇ertificate ▇▇e Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Corridor Contract for that Distribution Date. If the "significance percentage" of the Swap Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Corridor Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap each Corridor Contract based on the aggregC▇▇▇ ▇ertificate ▇▇icate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Corridor Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap each Contract for that Distribution Date. If the "significance percentage" of the Swap each Corridor Contract exceeds 7.0% with respect to any Distribution Date, the Swap Corridor Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Corridor Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. Sections 229.1100-229.1123) of the Swap Contract based on the aggreg▇▇▇ ▇ertificate aggregate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Payment Date, the Swap Contract Administrator shall calculate the "“significance percentage" ” (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. §§ 229.1100-229.1123) of the Swap Contract based on the aggreg▇▇▇ ▇ertificate aggregate Certificate Principal Balance of the Benefited Certificates Notes for such Distribution Payment Date (after all distributions to be made thereon on such Distribution Payment Date) and based on the methodology provided in writing by or on behalf of CHL and GSC no later than the fifth Business Day preceding such Distribution Payment Date. On each Distribution Payment Date, the Swap Contract Administrator shall provide to CHL and GSC a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "“significance percentage" ” of the Swap Contract for that Distribution Payment Date. If the "“significance percentage" ” of the Swap Contract exceeds 7.0% with respect to any Distribution Payment Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.

Monitoring of Significance Percentage. With respect to each Distribution Date, the Swap Contract Administrator shall calculate the "significance percentage" (as defined in Item 1115 of Subpart 229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R. ss.ss. 229.1100-229.1123) of the Swap Contract based on the aggreg▇▇▇ ▇ertificate aggregate Certificate Principal Balance of the Benefited Certificates for such Distribution Date (after all distributions to be made thereon on such Distribution Date) and based on the methodology provided in writing by or on behalf of CHL no later than the fifth Business Day preceding such Distribution Date. On each Distribution Date, the Swap Contract Administrator shall provide to CHL a written report (which written report may include similar information with respect to other derivative instruments relating to securitization transactions sponsored by CHL) specifying the "significance percentage" of the Swap Contract for that Distribution Date. If the "significance percentage" of the Swap Contract exceeds 7.0% with respect to any Distribution Date, the Swap Contract Administrator shall make a separate notation thereof in the written report described in the preceding sentence. Such written report may contain such assumptions and disclaimers as are deemed necessary and appropriate by the Swap Contract Administrator.