Common use of The Corridor Contracts Clause in Contracts

The Corridor Contracts. The Corridor Contracts will be an asset of the Trust Fund but will not be an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contracts into the Corridor Contract Reserve Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor Contracts, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the related Corridor Contract Counterparty will be obligated to pay the Trustee, for the benefit of the Trust Fund, an amount in respect of such termination. Any amounts received by the Trustee for the benefit of the Trust Fund in respect of the termination of the Corridor Contracts shall be deposited and held in the Corridor Contract Reserve Fund and applied on future Distribution Dates to pay any related Yield Supplement Amounts on the Class of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (x) the latest Corridor Contract Scheduled Termination Date and (y) the date on which the aggregate Class Certificate Balance of the Covered Certificates has been reduced to zero, will be distributed to Banc of America Securities LLC.

The Corridor Contracts. The Corridor Contracts will not be an asset of the Trust Fund but will not be an asset or of any REMIC. The Master Servicer, on behalf of the Trustee, Supplemental Interest Trustee shall cause to be deposited into the Corridor Contract Reserve Fund any amounts received from time to time with respect to the Corridor Contracts into the Corridor Contract Reserve FundContracts. The Master Servicer, on behalf of the Supplemental Interest Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Supplemental Interest Trustee, shall act as calculation agent and/or shall terminate the a Corridor Contracts, Contract upon the occurrence of certain events of default or termination events to the extent specified thereunderin such Corridor Contract. Upon any such termination, the related applicable Corridor Contract Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Trust FundSupplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Trust Fund in respect of the termination of the a Corridor Contracts Contract shall be deposited and held in the Corridor Contract Reserve Fund and applied on future Distribution Dates to pay any related the Yield Supplement Amounts Amount on the related Class of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (xi) the latest Corridor Contract Scheduled Termination Date and (y) the date on which reduction of the aggregate Class Certificate Balance of the Covered Certificates has been reduced to zero, and (ii) the latest Corridor Contract Scheduled Termination Date will be distributed to Banc of America Securities LLCthe Underwriter (Senior).

The Corridor Contracts. The Corridor Contracts will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Master Servicer, on behalf of the Trustee, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contracts into the Corridor Contract Reserve Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor Contracts, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the related Corridor Contract Counterparty will be obligated to pay the Trustee, for the benefit of the Trust Fund, an amount in respect of such termination. Any amounts received by the Trustee for the benefit of the Trust Fund in respect of the termination of the a Corridor Contracts Contract shall be deposited and held in the Corridor Contract Reserve Fund and applied on future Distribution Dates to pay any related Yield Supplement Amounts Amount on the related Class of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (x) the latest last Corridor Contract Scheduled Termination Date and (y) the date on which the aggregate Class Certificate Balance of the Covered Certificates has been reduced to zero, will be distributed to Banc of America Securities LLC.Bear, Stearns & Co. Inc. ARTICLE I