Common use of Protection of Collateral Clause in Contracts

Protection of Collateral. 17 Section 3.06 Opinions as to Collateral...............................................18 Section 3.07 Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Negative Covenants......................................................20 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11

Protection of Collateral. 17 Section 3.06 Opinions as to Collateral...............................................Contracts................................................................. 18 Section 3.07 Performance of Obligations; Servicing of Contracts............................................................. 18 Section 3.08 Negative Covenants............................................................................................................................. 20 Section 3.09 Annual Statement as to Compliance............................................................................................... 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms............................................................. 21 Section 3.11

Protection of Collateral. 17 Section 3.06 36 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 ................... 37 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Servicing; Commission Filings........................ 38 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 .......................... 41 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.......

Protection of Collateral. 17 Section 3.06 36 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 .................................. 37 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Servicing; Commission Filings....................................... 38 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate......................................... 41 Contents, etcpg. Only on Certain Terms......................21 Section 3.11ii

Protection of Collateral. 17 16 Section 3.06 3.06. Opinions as to Collateral...............................................18 ........................................................16 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 ...............................16 Section 3.08 3.08. Negative Covenants......................................................20 ...............................................................17 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 ................................................18 Section 3.10 3.10. Issuer May Consolidate, etc. Only on Certain Terms......................21 ...............................18 Section 3.11. Successor or Transferee..........................................................19 Section 3.12.

Protection of Collateral. 17 21 Section 3.06 3.06. Opinions as to Collateral...............................................18 ......................................................................21 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 .....................................................................21 Section 3.08 3.08. Negative Covenants......................................................20 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11...........................................................................

Protection of Collateral. 17 13 Section 3.06 3.06. Opinions as to Collateral...............................................18 ......................................... 14 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 ................ 14 Section 3.08 3.08. Negative Covenants......................................................20 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11..............................................

Protection of Collateral. 17 16 Section 3.06 Opinions as to Collateral...............................................18 .....................................17 Section 3.07 Performance of Obligations; Servicing of Contracts......................18 SEC Filings.......................17 Section 3.08 Negative Covenants......................................................20 ............................................19 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.............................19

Protection of Collateral. 17 21 Section 3.06 3.06. Opinions as to Collateral...............................................18 .....................................21 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 ....................................21 Section 3.08 3.08. Negative Covenants......................................................20 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11..........................................

Protection of Collateral. 17 Section 3.06 Opinions as to Collateral...............................................Contracts......................................................... 18 Section 3.07 Performance of Obligations; Servicing of Contracts..................................................... 18 Section 3.08 Negative Covenants..................................................................................................................... 20 Section 3.09 Annual Statement as to Compliance....................................................................................... 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms..................................................... 21 Section 3.11

Protection of Collateral. 17 Section 3.06 19 SECTION 3.6. Opinions as to Collateral...............................................18 Section 3.07 .............................................................20 SECTION 3.7. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ............................................................20 SECTION 3.8. Negative Covenants......................................................20 Section 3.09 ....................................................................21 SECTION 3.9. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11...................................................

Protection of Collateral. 17 19 Section 3.06 3.06. Annual Opinions as to Collateral...............................................18 ..............................19 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 Home Loans...........19 Section 3.08 3.08. Negative Covenants......................................................20 ............................................21 Section 3.09 3.09. Annual Statement as to Compliance.............................22 Section 3.10. Covenants of the Issuer.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 22 Section 3.11. Servicer's Obligations........................................22 Section 3.12.

Protection of Collateral. 17 Section 3.06 Opinions as to Collateral...............................................Contracts........................................................ 18 Section 3.07 Performance of Obligations; Servicing of Contracts.................................................... 18 Section 3.08 Negative Covenants.................................................................................................................... 20 Section 3.09 Annual Statement as to Compliance...................................................................................... 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms.................................................... 21 Section 3.11

Protection of Collateral. 17 Section 3.06 36 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 ................................36 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Servicing; SEC Filings.......38 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 .......................................40 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11

Protection of Collateral. 17 Section 3.06 15 SECTION 3.5. Opinions as to Collateral...............................................18 Section 3.07 ..............................15 SECTION 3.6. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Receivables............................................15 SECTION 3.7. Negative Covenants......................................................20 Section 3.09 .....................................16 SECTION 3.8. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc......................17 SECTION 3.9. Only on Certain Terms......................21 Section Covenants of the Issuer................................18 SECTION 3.10. Investment Company Act.................................18 SECTION 3.11.

Protection of Collateral. 17 21 Section 3.06 3.06. Opinions as to Collateral...............................................18 ..................................................... 21 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 the Mortgage Loans................... 22 Section 3.08 3.08. Negative Covenants......................................................20 ............................................................ 23 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 ............................................. 24 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms......................21 No Other Business............................................................. 24 Section 3.11. No Borrowing.................................................................. 24 Section 3.12. Guarantees, Loans, Advances and Other Liabilities............................. 24 TABLE OF CONTENTS (continued) Page Section 3.13. Capital Expenditures.......................................................... 24

Protection of Collateral. 17 20 Section 3.06 3.06. Opinions as to Collateral...............................................18 ....................................21 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 ...................................21 Section 3.08 3.08. Negative Covenants......................................................20 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.........................................

Protection of Collateral. 17 Section 3.06 24 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 .........................................................24 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ........................................................25 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 ................................................................25 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11...............................................

Protection of Collateral. 17 23 Section 3.06 3.06. Annual Opinions as to Collateral...............................................18 ............................ 24 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 Mortgage Loans..... 24 Section 3.08 3.08. Negative Covenants......................................................20 .......................................... 26 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 ........................... 27 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms......................21 Covenants of the Issuer..................................... 28 Section 3.11. Servicer's Obligations...................................... 28 i 3 Page ----

Protection of Collateral. 17 27 Section 3.06 3.06. Opinions as to Collateral...............................................18 .............................................................28 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 Servicing; NHPUC Filings..................................28 Section 3.08 3.08. Negative Covenants......................................................20 ....................................................................30 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 .....................................................30 Section 3.10 3.10. Issuer May Consolidate, etc. ., Only on Certain Terms......................21 ...................................31 Section 3.11. Successor or Transferee...............................................................32 Section 3.12. No Other Business.....................................................................33 Section 3.13. No Borrowing..........................................................................33

Protection of Collateral. 17 Section 3.06 19 SECTION 3.6. Opinions as to Collateral...............................................18 Section 3.07 ...................................................................20 SECTION 3.7. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ..................................................................20 SECTION 3.8. Negative Covenants......................................................20 Section 3.09 ..........................................................................21 SECTION 3.9. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.........................................................

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 ............................................28 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ...........................................29 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 ...................................................29 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11..................................

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 .......................................................28 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ......................................................29 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 ..............................................................29 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.............................................

Protection of Collateral. 17 Section 3.06 Opinions as to Collateral...............................................Contracts................................................... 18 Section 3.07 Performance of Obligations; Servicing of Contracts............................................... 18 Section 3.08 Negative Covenants............................................................................................................... 20 Section 3.09 Annual Statement as to Compliance................................................................................. 20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms............................................... 21 Section 3.11

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 ................................................................29 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ...............................................................29 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 .......................................................................30 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11......................................................

Protection of Collateral. 17 22 Section 3.06 3.06. Opinions as to Collateral...............................................18 ...................................................... 23 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 the Mortgage Loans.................... 23 Section 3.08 3.08. Negative Covenants......................................................20 ............................................................. 24 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 .............................................. 25 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms......................21 [Reserved]..................................................................... 25 Section 3.11. [Reserved]..................................................................... 25 Section 3.12. No Other Business.............................................................. 25 </TABLE> TABLE OF CONTENTS (continued) <TABLE>

Protection of Collateral. 17 Section 3.06 Opinions as to Collateral...............................................18 Section 3.07 3.06. Negative Covenants ....................................... 19 Section 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Negative Covenants......................................................Loans ........... 20 Section 3.09 3.08. Reserved ................................................. 21 Section 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................Compliance ........................ 21 Section 3.10. Covenants of the Issuer .................................. 22 Section 3.11. Servicer's Obligations ................................... 22 Section 3.12.

Protection of Collateral. 17 21 Section 3.06 3.06. Opinions as to Collateral...............................................18 ........................................................22 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 ...............................22 Section 3.08 3.08. Negative Covenants......................................................20 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11...............................................................24

Protection of Collateral. 17 23 Section 3.06 3.06. Annual Opinions as to Collateral...............................................18 ..................................................... 23 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 ........................................................... 24 Section 3.08 3.08. Negative Covenants......................................................20 ................................................................... 25 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 .................................................... 26 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms......................21 Covenants of the Issuer.............................................................. 27 Section 3.11.

Protection of Collateral. 17 Section 3.06 3.06. Annual Opinions as to Collateral...............................................18 ...............................23 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 .....................................23 Section 3.08 3.08. Negative Covenants......................................................20 .............................................24 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 ..............................25 Section 3.10 Issuer May Consolidate, etc3.10. Only on Certain Terms......................21 Covenants of the Issuer........................................26 Section 3.11.

Protection of Collateral. 17 Section 3.06 27 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 .....................................28 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ............28 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 ............................................30 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.............................31

Protection of Collateral. 17 14 Section 3.06 3.06. Annual Opinions as to Collateral...............................................18 ................................................. 15 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 ....................................................... 15 Section 3.08 3.08. Negative Covenants......................................................20 ............................................................... 16 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 ................................................ 17 Section 3.10 3.10. Covenants of the Issuer May Consolidate, etc. Only on Certain Terms......................21 Trust.................................................... 18 Section 3.11.

Protection of Collateral. 17 Section 3.06 24 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 ................................24 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Servicing; SEC Filings.......25 SECTION 3.08. Certain Negative Covenants......................................................20 Section 3.09 ...............................28 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 ........................29 SECTION 3.10. Issuer May Consolidate, etc. ., Only on Certain Terms......................21 Section ......29 SECTION 3.11. Successor or Transferee..................................31 SECTION 3.12. No Other Business........................................31 SECTION 3.13. No Borrowing.............................................32

Protection of Collateral. 17 16 Section 3.06 Opinions as to Collateral...............................................18 .....................................17 Section 3.07 Performance of Obligations; Servicing of Contracts......................18 SEC Filings.......................17 Section 3.08 Negative Covenants......................................................20 ............................................19 Section 3.09 Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.............................

Protection of Collateral. 17 Section 3.06 12 SECTION 3.6. Opinions as to Collateral...............................................18 Section 3.07 .................................................................. 12 SECTION 3.7. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Mortgage Loans.................................... 13 SECTION 3.8. Negative Covenants......................................................20 Section 3.09 ......................................................................... 14 SECTION 3.9. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11........................................................

Protection of Collateral. 17 26 Section 3.06 3.06. Opinions as to Collateral...............................................18 ........................... 27 Section 3.07 3.07. Performance of Obligations; Servicing of Contracts......................18 Servicing; Commission Filings............................................. 27 Section 3.08 3.08. Negative Covenants......................................................20 .................................. 29 Section 3.09 3.09. Annual Statement as to Compliance.......................................20 ................... 30 Section 3.10 3.10. Note Issuer May Consolidate, etc. ., Only on Certain Terms......................21 ............................................... 30 Section 3.11. Successor or Transferee............................. 32 Section 3.12. No Other Business................................... 32 Section 3.13. No Borrowing........................................ 32 Section 3.14. Servicer's Obligations.............................. 32 TABLE OF CONTENTS (CONTINUED) PAGE

Protection of Collateral. 17 Section 3.06 28 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 ................................................... 29 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 Servicing....................................... 29 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 .......................................................... 31 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11.........................................

Protection of Collateral. 17 Section 3.06 24 SECTION 3.06. Opinions as to Collateral...............................................18 Section 3.07 .....................................24 SECTION 3.07. Performance of Obligations; Servicing of Contracts......................18 Section 3.08 ....................................24 SECTION 3.08. Negative Covenants......................................................20 Section 3.09 ............................................25 SECTION 3.09. Annual Statement as to Compliance.......................................20 Section 3.10 Issuer May Consolidate, etc. Only on Certain Terms......................21 Section 3.11...........................