Common use of Protected Accounts Clause in Contracts

Protected Accounts. IV-1 4.02. Certificate Account................................................IV-3 4.03. Permitted Withdrawals and Transfers from the Certificate Account.....................................................IV-4 4.04 Custody Account.....................................................IV-7 4.05 Interest Reserve Account............................................IV-8 ARTICLE V Certificates 5.01. Certificates........................................................V-1 5.02. Registration of Transfer and Exchange of Certificates...............V-16 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...................V-20 5.04. Persons Deemed Owners...............................................V-20 5.05. Transfer Restrictions on Residual Certificates......................V-20 5.06. Restrictions on Transferability of Private Certificates.............V-22 5.07. ERISA Restrictions..................................................V-22 5.08. Rule 144A Information...............................................V-23 ARTICLE VI Payments to Certificateholders 6.01. Distributions on the Certificates...................................VI-1 6.02. [Reserved]..........................................................VI-13 6.03. Allocation of Losses................................................VI-13 6.04. [Reserved]..........................................................VI-18 6.05. Payments............................................................VI-18 6.06. Statements to Certificateholders....................................VI-19 6.07. [Reserved]..........................................................VI-21 6.08. Monthly Advances....................................................VI-21 6.09. Compensating Interest Payments......................................VI-21 6.10. Reports of Foreclosures and Abandonment of Mortgaged Property.......VI-22

Protected Accounts. IV-1 4.02. Certificate Account................................................IV-3 ......................................IV-2 4.03. Permitted Withdrawals and Transfers from the Certificate Account.....................................................IV-4 4.04 ......................................IV-5 4.04. Custody Account.....................................................IV-7 4.05 Interest Reserve Account......................................................................................IV-8 ARTICLE V Certificates 5.01. Certificates.....................................................................................................V-1 5.02. Registration of Transfer and Exchange of Certificates...............V-16 .............................................V-6 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...................V-20 ........V-11 5.04. Persons Deemed Owners...............................................V-20 ....................................V-11 5.05. Transfer Restrictions on Residual Certificates......................V-20 ...........V-11 5.06. Restrictions on Transferability of Private Certificates.............V-22 .............................................V-13 5.07. ERISA Restrictions..................................................V-22 .......................................V-13 5.08. Rule 144A Information...............................................V-23 ....................................V-14 ARTICLE VI Payments to Certificateholders 6.01. Distributions on the Certificates...........................................................VI-1 6.02. [Reserved]..........................................................VI-13 ...............................................VI-5 6.03. Allocation of Losses................................................VI-13 .....................................VI-5 6.04. [Reserved]..........................................................VI-18 ...............................................VI-8 6.05. Payments............................................................VI-18 .................................................VI-8 6.06. Statements to Certificateholders....................................VI-19 .........................VI-8 6.07. [Reserved]..........................................................VI-21 Reports to the Trustee and the Master Servicer...........VI-11 6.08. Monthly Advances....................................................VI-21 .........................................VI-13 6.09. Compensating Interest Payments......................................VI-21 ...........................VI-14 6.10. Reports of Foreclosures and Abandonment of Mortgaged Property.......VI-22.......................................VI-14 ARTICLE VII The Master Servicer

Protected Accounts. IV-1 4.02. Certificate Account................................................IV-3 4.03. Permitted Withdrawals and Transfers from the Certificate Account.....................................................IV-4 54- Section 4.02 MASTER SERVICER COLLECTION ACCOUNT..................................................-55- Section 4.03 PERMITTED WITHDRAWALS AND TRANSFERS FROM THE MASTER SERVICER COLLECTION ACCOUNT.....-56- Section 4.04 Custody Account.....................................................IV-7 DISTRIBUTION ACCOUNT................................................................-57- Section 4.05 Interest Reserve Account............................................IV-8 PERMITTED WITHDRAWALS AND TRANSFERS FROM THE DISTRIBUTION ACCOUNT...................-57- Section 4.06 RESERVE FUND........................................................................-59- Section 4.07 CLASS XP RESERVE ACCOUNT............................................................-60- ARTICLE V Certificates 5.01. Certificates........................................................V-1 5.02. Registration of Transfer and Exchange of Certificates...............V-16 5.03. MutilatedSection 5.01 CERTIFICATES........................................................................-61- Section 5.02 REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...............................-69- Section 5.03 MUTILATED, DestroyedDESTROYED, Lost or Stolen Certificates...................V-20 5.04. Persons Deemed Owners...............................................V-20 5.05. Transfer Restrictions on Residual Certificates......................V-20 5.06. Restrictions on Transferability of Private Certificates.............V-22 5.07. LOST OR STOLEN CERTIFICATES...................................-72- Section 5.04 PERSONS DEEMED OWNERS...............................................................-73- Section 5.05 TRANSFER RESTRICTIONS ON RESIDUAL CERTIFICATES......................................-73- Section 5.06 RESTRICTIONS ON TRANSFERABILITY OF CERTIFICATES.....................................-74- Section 5.07 ERISA Restrictions..................................................V-22 5.08. Rule RESTRICTIONS..................................................................-75- Section 5.08 RULE 144A Information...............................................V-23 INFORMATION...............................................................-76- ARTICLE VI Payments to Certificateholders 6.01. Distributions on the Certificates...................................VI-1 6.02. [Reserved]..........................................................VI-13 6.03. Allocation of Losses................................................VI-13 6.04. [Reserved]..........................................................VI-18 6.05. Payments............................................................VI-18 6.06. Statements to Certificateholders....................................VI-19 6.07. [Reserved]..........................................................VI-21 6.08. Monthly Advances....................................................VI-21 6.09. Compensating Interest Payments......................................VI-21 6.10. Reports of Foreclosures and Abandonment of Mortgaged Property.......VI-22VI

Protected Accounts. IV-1 4.02. Certificate Account................................................IV-3 ..............................................IV-2 4.03. Permitted Withdrawals and Transfers from the Certificate Account...................................................................................................IV-4 4.04 4.04. Custody Account.......................................................................................................IV-7 4.05 Interest Reserve Account............................................IV-8 ARTICLE V Certificates 5.01. Certificates..............................................................................................................V-1 5.02. Registration of Transfer and Exchange of Certificates...............V-16 ......................................................V-4 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...................V-20 .................V-9 5.04. Persons Deemed Owners...............................................V-20 .............................................V-9 5.05. Transfer Restrictions on Residual Certificates......................V-20 ....................V-9 5.06. Restrictions on Transferability of Private Certificates.............V-22 ......................................................V-11 5.07. ERISA Restrictions..................................................V-22 ................................................V-11 5.08. Rule 144A Information...............................................V-23 .............................................V-12 ARTICLE VI Payments to Certificateholders 6.01. Distributions on the Certificates...................................................................VI-1 6.02. [Reserved]..........................................................VI-13 .......................................................VI-4 6.03. Allocation of Losses................................................VI-13 .............................................VI-4 6.04. [Reserved]..........................................................VI-18 .......................................................VI-6 6.05. Payments............................................................VI-18 .........................................................VI-6 6.06. Statements to Certificateholders....................................VI-19 .................................VI-7 6.07. [Reserved]..........................................................VI-21 Reports to the Trustee and the Master Servicer...................VI-9 6.08. Monthly Advances....................................................VI-21 .................................................VI-11 6.09. Compensating Interest Payments......................................VI-21 ...................................VI-11 6.10. Reports of Foreclosures and Abandonment of Mortgaged Property.......VI-22...............................................VI-12

Protected Accounts. IV-1 4.02. Certificate 90 Section 4.02 Master Servicer Collection Account................................................IV-3 4.03. ...................... 91 Section 4.03 Permitted Withdrawals and Transfers from the Certificate Master Servicer Collection Account.....................................................IV-4 ............................. 92 Section 4.04 Custody Distribution Account.....................................................IV-7 .................................... 93 Section 4.05 Interest Reserve Permitted Withdrawals and Transfers from the Distribution Account............................................IV-8 .................................... 94 ARTICLE V Certificates 5.01. CERTIFICATES................................................... 96 Section 5.01 The Certificates........................................................V-1 5.02. ........................................ 96 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...............V-16 5.03. ................................ 96 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates...................V-20 5.04. ....... 100 Section 5.04 Persons Deemed Owners...............................................V-20 5.05. Transfer Restrictions on Residual ................................... 101 Section 5.05 Access to List of Certificateholders' Names and Addresses............................................... 101 Section 5.06 Book-Entry Certificates......................V-20 5.06. Restrictions on Transferability ................................. 101 Section 5.07 Notices to Depository................................... 102 Section 5.08 Definitive Certificates................................. 102 Section 5.09 Maintenance of Private Certificates.............V-22 5.07. ERISA Restrictions..................................................V-22 5.08. Rule 144A Information...............................................V-23 Office or Agency......................... 103 ARTICLE VI Payments to Certificateholders 6.01. PAYMENTS TO CERTIFICATEHOLDERS................................ 103 Section 6.01 Distributions on the Certificates...................................VI-1 6.02. [Reserved]..........................................................VI-13 6.03. Allocation of Losses................................................VI-13 6.04. [Reserved]..........................................................VI-18 6.05. Payments............................................................VI-18 6.06. ....................... 103 Section 6.02 Distributions........................................... 113 Section 6.03 Statements to Certificateholders....................................VI-19 6.07. [Reserved]..........................................................VI-21 6.08. Monthly ........................ 114 Section 6.04 Advances....................................................VI-21 6.09. ................................................ 117 Section 6.05 Compensating Interest Payments......................................VI-21 6.10. Reports .......................... 117 ARTICLE VII THE MASTER SERVICER AND THE DEPOSITOR........................ 118 Section 7.01 Liabilities of Foreclosures the Master Servicer...................... 118 Section 7.02 Merger or Consolidation of the Master Servicer.......... 118 Section 7.03 Indemnification from the Master Servicer and Abandonment the Depositor............................................... 118 Section 7.04 Limitations on Liability of Mortgaged Property.......VI-22the Master Servicer and Others.................................................. 118 Section 7.05 Master Servicer Not to Resign........................... 120 Section 7.06 Successor Master Servicer............................... 120 Section 7.07 Sale and Assignment of Master Servicing................. 120 ARTICLE VIII DEFAULT..................................................... 121 Section 8.01 Events of Default....................................... 121 Section 8.02 Trustee to Act; Appointment of Successor................ 122 Section 8.03 Notification to Certificateholders...................... 124 Section 8.04 Waiver of Defaults...................................... 124 Section 8.05 List of Certificateholders.............................. 124

Protected Accounts. IV-1 72 Section 4.02. Certificate Distribution Account................................................IV-3 .....................................................................73 Section 4.03. Permitted Withdrawals and Transfers from the Certificate Distribution Account.....................................................IV-4 4.04 Custody Account.....................................................IV-7 4.05 Interest ........................74 Section 4.04. Distribution of Group I Senior Carryover Shortfall Amount; Group I Senior Carryover Shortfall Reserve Fund.........................................................76 Section 4.05. Distribution of Subordinate Carryover Shortfall Amount; Subordinate Carryover Shortfall Reserve Fund...................................................................77 Section 4.06. Group I Senior Certificates Yield Maintenance Account and Group I Senior Certificates Yield Maintenance Agreement.................................................79 Section 4.07. Class M and Class B Certificates Yield Maintenance Account and Class M and Class B Certificates Yield Maintenance Agreement...............................................80 Section 4.08. Group I Pre-Funding Account and Group I Pre-Funding Reserve Account............................................IV-8 ......................81 Section 4.09. Group I Interest Coverage Account........................................................83 Section 4.10. Group II Pre-Funding Account and Group II Pre-Funding Reserve Account....................84 Section 4.11. Group II Interest Coverage Account.......................................................86 Section 4.12. Group I Supplemental Fund................................................................87 ARTICLE V Certificates Section 5.01. Certificates........................................................V-1 .............................................................................89 Section 5.02. Registration of Transfer and Exchange of Certificates...............V-16 ....................................99 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...................V-20 .......................................103 Section 5.04. Persons Deemed Owners...............................................V-20 ...................................................................103 Section 5.05. Transfer Restrictions on Residual Certificates......................V-20 ..........................................103 Section 5.06. Restrictions on Transferability of Private Certificates.............V-22 .........................................104 Section 5.07. ERISA Restrictions..................................................V-22 ......................................................................105 Section 5.08. Rule 144A Information...............................................V-23 ARTICLE VI Payments to Certificateholders 6.01...................................................................106 Section 5.09. Distributions on the CertificatesAppointment of Paying Agent and Certificate Registrar...................................VI-1 6.02. [Reserved]..........................................................VI-13 6.03. Allocation of Losses................................................VI-13 6.04. [Reserved]..........................................................VI-18 6.05. Payments............................................................VI-18 6.06. Statements to Certificateholders....................................VI-19 6.07. [Reserved]..........................................................VI-21 6.08. Monthly Advances....................................................VI-21 6.09. Compensating Interest Payments......................................VI-21 6.10. Reports of Foreclosures and Abandonment of Mortgaged Property.......VI-22107

Protected Accounts. IV-1 Section 4.02. Certificate Account................................................IV-3 .................................................. IV-2 Section 4.03. Permitted Withdrawals and Transfers from the Certificate Account.......................................................... IV-4 Section 4.04 Custody Account............................................................................................................ IV-7 4.05 Interest Reserve Account............................................IV-8 ARTICLE V Certificates Section 5.01. Certificates................................................................................................................. V-1 Section 5.02. Registration of Transfer and Exchange of Certificates...............V-16 ................ V-6 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...................V-20 .................... V-10 Section 5.04. Persons Deemed Owners...............................................V-20 ................................................ V-11 Section 5.05. Transfer Restrictions on Residual Certificates......................V-20 ....................... V-11 Section 5.06. Restrictions on Transferability of Private Certificates.............V-22 .............. V-12 Section 5.07. ERISA Restrictions..................................................V-22 ................................................... V-13 Section 5.08. Rule 144A Information...............................................V-23 ................................................ V-14 ARTICLE VI Payments to Certificateholders Section 6.01. Distributions on the Certificates....................................................................... VI-1 Section 6.02. [Reserved]..........................................................VI-13 Reserved]........................................................... VI-3 Section 6.03. Allocation of Losses................................................VI-13 ................................................. VI-3 Section 6.04. [Reserved]..........................................................VI-18 Reserved]........................................................... VI-6 Section 6.05. Payments............................................................VI-18 ............................................................. VI-6 Section 6.06. Statements to Certificateholders....................................VI-19 ..................................... VI-6 Section 6.07. [Reserved]..........................................................VI-21 Reports to the Trustee and the Master Servicer....................... VI-9 Section 6.08. Monthly Advances....................................................VI-21 ..................................................... VI-11 Section 6.09. Compensating Interest Payments......................................VI-21 ....................................... VI-11 Section 6.10. Reports of Foreclosures and Abandonment of Mortgaged Property.......VI-22........ VI-11 ARTICLE VII The Master Servicer Section 7.01. Liabilities of the Master Servicer................................... VII-1 Section 7.02. Merger or Consolidation of the Master Servicer....................... VII-1 Section 7.03. Indemnification of the Trustee....................................... VII-1 Section 7.04. Limitation on Liability of the Master Servicer and Others............ VII-2 Section 7.05. Master Servicer Not to Resign........................................ VII-3 Section 7.06. [Reserved]........................................................... VII-3 Section 7.07. Sale and Assignment of Master Servicing.............................. VII-3 ARTICLE VIII Default

Protected Accounts. IV-1 4.02. Certificate 108 Section 4.02 Master Servicer Collection Account................................................IV-3 4.03. ...................... 109 Section 4.03 Permitted Withdrawals and Transfers from the Certificate Master Servicer Collection Account.....................................................IV-4 ............................. 110 Section 4.04 Custody Distribution Account.....................................................IV-7 .................................... 111 Section 4.05 Interest Reserve Permitted Withdrawals and Transfers from the Distribution Account............................................IV-8 .................................... 112 ARTICLE V Certificates 5.01. CERTIFICATES................................................... 114 Section 5.01 The Certificates........................................................V-1 5.02. ........................................ 114 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...............V-16 5.03. ................................ 114 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates...................V-20 5.04. ....... 118 Section 5.04 Persons Deemed Owners...............................................V-20 5.05. Transfer Restrictions on Residual ................................... 119 Section 5.05 Access to List of Certificateholders' Names and Addresses............................................... 119 Section 5.06 Book-Entry Certificates......................V-20 5.06. Restrictions on Transferability ................................. 119 Section 5.07 Notices to Depository................................... 120 Section 5.08 Definitive Certificates................................. 120 Section 5.09 Maintenance of Private Certificates.............V-22 5.07. ERISA Restrictions..................................................V-22 5.08. Rule 144A Information...............................................V-23 Office or Agency......................... 121 ARTICLE VI Payments to Certificateholders 6.01. PAYMENTS TO CERTIFICATEHOLDERS................................ 121 Section 6.01 Distributions on the Certificates...................................VI-1 6.02. [Reserved]..........................................................VI-13 6.03. Allocation of Losses................................................VI-13 6.04. [Reserved]..........................................................VI-18 6.05. Payments............................................................VI-18 6.06. ....................... 121 Section 6.02 Distributions........................................... 134 Section 6.03 Statements to Certificateholders....................................VI-19 6.07. [Reserved]..........................................................VI-21 6.08. ........................ 134 Section 6.04 Monthly Advances....................................................VI-21 6.09. ........................................ 137 Section 6.05 Compensating Interest Payments......................................VI-21 6.10. Reports of Foreclosures and Abandonment of Mortgaged Property.......VI-22.......................... 137 -ii- TABLE OF CONTENTS (continued)