Common use of The Interest Rate Cap Agreements Clause in Contracts

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Interest Rate Cap Account. (b) The Trust Administrator shall deposit any Interest Rate Cap Receipts received with respect to any Interest Rate Cap Agreement Payment Date into the Interest Rate Cap Account. Amounts on deposit in the Interest Rate Cap Account shall remain uninvested. (c) On each [Class AF-1A] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Class [1A1] and Class [1A__] Notes (such amount, the "Excess [Class AF-1A] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Class AF-1A] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Class AF-1A] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(1) of this Agreement. (d) On each [Group 2-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 2-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] Notes (such amount, the "Excess [Class 2-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (e) On each [Group 3-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 3-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] and [Class 3-AV-4] Notes (such amount, the "Excess [Group 3-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (f) On each Subordinate Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "Excess Subordinate Cap Amount"), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(3) of this Agreement. (g) On the Payment Date in _________ 200_, after any amounts therefrom have been paid in accordance with Section 6.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust Administrator.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Interest Rate Cap Account. (b) The Trust Administrator shall deposit any Interest Rate Cap Receipts received with respect to on any Interest Rate Cap Agreement Payment Date into the Interest Rate Cap Account. Amounts on deposit in the Interest Rate Cap Account shall remain uninvested. (c) On each [Class AF-1A] Payment Date during which the Senior Cap Agreement Payment Dateis in effect, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Senior Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(16.02(f)(iii); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Senior Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Class [1A1] , Class 1A2 and Class [1A__] 2A1 Notes (such amount, the "“Excess [Class AF-1A] Senior Cap Amount"”), then the Trust Administrator shall pay (i) the Excess [Class AF-1A] Senior Cap Amount to the Ownership Certificate Certificateholder and (ii) the excess of such the Interest Rate Cap Receipts over the Excess [Class AF-1A] Senior Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(16.02(f)(iii) of this Agreement. (d) On each [Group 2-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 2-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on during which there is a payment received by the Trust Administrator under the [Group 2-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] Notes (such amount, the "Excess [Class 2-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (e) On each [Group 3-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 3-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] and [Class 3-AV-4] Notes (such amount, the "Excess [Group 3-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (f) On each Subordinate Cap Agreement Payment Dateis in effect, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(36.02(f)(iv); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "“Excess Subordinate Cap Amount"”), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate Certificateholder and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(36.02(f)(iv) of this Agreement. (ge) On the Payment Date in _________ 200_, after date on which the Senior Cap Agreement and the Subordinate Cap Agreement have terminated and any amounts therefrom have been paid in accordance with Section Sections 6.06(c), (d) and (ed) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust AdministratorAdmnistrator.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its nameEach Holder of a Class 3A-1 or Class X Certificate is deemed, in trust for by acceptance of such Class 3A-1 or Class X Certificate, to authorize the benefit of Trustee to accept the NoteholdersClass 3A-1 Interest Rate Cap Agreement. (b) Pursuant to the Class 3A-1 Interest Rate Cap Agreement, the Interest Rate Cap Account. (b) The Trust Counterparty shall have provided the Trustee and the Securities Administrator shall deposit any with notice of the Class 3A-1 Interest Rate Cap Receipts received with respect Amount, if any, to any be paid by the Interest Rate Cap Counterparty to the Securities Administrator on behalf of the Trustee for the account of the Separate Interest Trust pursuant to such Class 3A-1 Interest Rate Cap Agreement Payment Date into the for each Distribution Date. Any Class 3A-1 Interest Rate Cap Account. Amounts received by the Securities Administrator on deposit in behalf of the Trustee pursuant to the Class 3A-1 Interest Rate Cap Account Agreement in connection with each such Distribution Date shall remain uninvestedbe deposited by the Securities Administrator on behalf of the Trustee into the Class 3A-1 Reserve Fund. (c) On each [Class AF-1A] Cap Agreement Payment Distribution Date, the Securities Administrator on behalf of the Separate Interest Trust Administrator shall withdraw from distribute amounts on deposit in the Class 3A-1 Reserve Fund representing the Class 3A-1 Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Cap Agreement to make payments in the order of priority and Amount for such Distribution Date first, to the extent specified in Section 6.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount Holders of the Class [1A1] and Class [1A__] Notes (such amount3A-1 Certificates, in an amount equal to the "Excess [Class AF-1A] Cap Amount"), then the Trust Administrator shall pay product of (i) the Excess [Class AF-1A] Cap Amount to the Ownership Certificate one-twelfth and (ii) the excess excess, if any, of LIBOR for such Distribution Date (up to a maximum of 9.55% per annum) over 5.80% and (iii) the lesser of (x) an amount equal to the applicable notional amount under the Class 3A-1 Interest Rate Cap Receipts over Agreement for such Distribution Date and (y) the Excess [aggregate Certificate Principal Balance of the Class AF-1A] 3A-1 Certificates for such Distribution Date and second, to the Holders of the Class 3A-1 Certificates, in an amount up to any Basis Risk Shortfalls on the Class 3A-1 Certificates remaining unpaid from prior Distribution Dates. Any portion of the Class 3A-1 Interest Rate Cap Amount for remaining after such Payment Date distributions shall be retained in the order of priority and Class 3A-1 Reserve Fund for distribution pursuant to the extent specified in Section 6.02(f)(iii)(1) of this Agreement3.04. (d) On each [Group 2-AV] Upon termination of the Class 3A-1 Interest Rate Cap Agreement Payment Date, the Trust Administrator shall withdraw from and payment of all amounts owed by the Interest Rate Cap Account any Interest Rate Cap Receipts from Counterparty thereunder, following application by the [Group 2-AV] Cap Agreement to make payments Securities Administrator on behalf of the Trustee of funds in the order of priority Class 3A-1 Reserve Fund on the next succeeding Distribution Date to pay amounts owed pursuant to this Section and to Section 3.04, the extent specified in Section 6.02(f)(iii)(2); provided, that Securities Administrator on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] Cap Agreement that is based on a notional amount in excess behalf of the aggregate Trustee shall terminate the Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] Notes (such amount, the "Excess [Class 2-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement3A-1 Reserve Fund. (e) On each [Group 3-AV] In the event of an early termination of the Class 3A-1 Interest Rate Cap Agreement Payment DateAgreement, the Trust Administrator shall withdraw from any termination payment made by the Interest Rate Cap Counterparty to the Separate Interest Trust (“Termination Receipts”) shall be deposited in a segregated non-interest bearing account which shall be an Eligible Account any established by the Securities Administrator on behalf of the Trustee of the Separate Interest Rate Cap Trust (the “Termination Receipts from the [Group 3-AV] Cap Agreement Account”). The Securities Administrator shall invest, or cause to make payments be invested, funds held in the order Termination Receipts Account in time deposits of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that Securities Administrator. All such investments must be payable on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based demand or mature on a notional amount in excess Distribution Date or such other date as directed by a majority of the aggregate Class Principal Amount 3A-1 Certificateholders. All such Permitted Investments shall be made in the name of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] Trustee of the Separate Interest Trust (in its capacity as such) or its nominee. All income and [Class 3-AV-4] Notes (gain realized from any such amount, the "Excess [Group 3-AV] Cap Amount"), then the Trust Administrator investment shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date be deposited in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this AgreementTermination Receipts Account. (f) On each Subordinate Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "Excess Subordinate Cap Amount"), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(3) of this Agreement. (g) On the Payment Date in _________ 200_, after any amounts therefrom have been paid in accordance with Section 6.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust Administrator.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Interest Rate Cap Account. (b) The Trust Administrator shall deposit any Interest Rate Cap Receipts received with respect to any Interest Rate Cap Agreement Payment Date into the Interest Rate Cap Account. Amounts on deposit in the Interest Rate Cap Account shall remain uninvested. (c) On each [Class AF-1A] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Class [1A1] and Class [1A__] Notes (such amount, the "Excess [Class AF-1A] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Class AF-1A] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Class AF-1A] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(1) of this Agreement. (d) On each [Group 2-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 2-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] Notes (such amount, the "Excess [Class 2-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (e) On each [Group 3-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 3-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] and [Class 3-AV-4] Notes (such amount, the "Excess 135 [Group 3-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (f) On each Subordinate Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "Excess Subordinate Cap Amount"), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(3) of this Agreement. (g) On the Payment Date in _________ 200_, after any amounts therefrom have been paid in accordance with Section 6.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust Administrator.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Interest Rate Cap Account. (b) The Trust Administrator shall deposit any Interest Rate Cap Receipts received with respect to any Interest Rate Cap Agreement Payment Date into the Interest Rate Cap Account. Amounts on deposit in the Interest Rate Cap Account shall remain uninvested. (c) On each [Class AF-1A] Group 1 Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Group 1 Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Group 1 Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Class [1A1] and Class [1A__] 1A1 Notes (such amount, the "“Excess [Class AF-1A] Group 1 Cap Amount"”), then the Trust Administrator shall pay (i) the Excess [Class AF-1A] Group 1 Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Class AF-1A] Group 1 Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(1) of this Agreement. (d) On each [Group 2-AV] 2 Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 2-AV] 2 Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] 2 Cap Agreement that is based on a notional amount in excess of the aggregate of the Class Principal Amount Amounts of the [Class 2-AV-1] 2A1, Class 2A2, Class 2A3SS and [Class 2-AV-1] 2A3MZ Notes (such amount, the "“Excess [Class 2-AV] Group 2 Cap Amount"”), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] 2 Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] 2 Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (e) On each [Group 3-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 3-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] and [Class 3-AV-4] Notes (such amount, the "Excess [Group 3-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (f) On each Subordinate Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate of the Class Principal Amount Amounts of the Subordinate Notes (such amount, the "“Excess Subordinate Cap Amount"”), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(3) of this Agreement. (gf) On the Payment Date in _________ 200_June 2008, after any amounts therefrom have been paid in accordance with Section 6.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust Administrator.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its nameEach Holder of a Class 3A-1 or Class X Certificate is deemed, in trust for by acceptance of such Class 3A-1 or Class X Certificate, to authorize the benefit of Trustee to accept the NoteholdersClass 3A-1 Interest Rate Cap Agreement. (b) Pursuant to the Class 3A-1 Interest Rate Cap Agreement, the Interest Rate Cap Account. (b) The Trust Counterparty shall have provided the Trustee and the Securities Administrator shall deposit any with notice of the Class 3A-1 Interest Rate Cap Receipts received with respect Amount, if any, to any be paid by the Interest Rate Cap Counterparty to the Securities Administrator on behalf of the Trustee for the account of the Separate Interest Trust pursuant to such Class 3A-1 Interest Rate Cap Agreement Payment Date into the for each Distribution Date. Any Class 3A-1 Interest Rate Cap Account. Amounts received by the Securities Administrator on deposit in behalf of the Trustee pursuant to the Class 3A-1 Interest Rate Cap Account Agreement in connection with each such Distribution Date shall remain uninvestedbe deposited by the Securities Administrator on behalf of the Trustee into the Class 3A-1 Reserve Fund. (c) On each [Class AF-1A] Cap Agreement Payment Distribution Date, the Securities Administrator on behalf of the Separate Interest Trust Administrator shall withdraw from distribute amounts on deposit in the Class 3A-1 Reserve Fund representing the Class 3A-1 Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Cap Agreement to make payments in the order of priority and Amount for such Distribution Date first, to the extent specified in Section 6.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount Holders of the Class [1A1] and Class [1A__] Notes (such amount3A-1 Certificates, in an amount equal to the "Excess [Class AF-1A] Cap Amount"), then the Trust Administrator shall pay product of (i) the Excess [Class AF-1A] Cap Amount to the Ownership Certificate one-twelfth and (ii) the excess excess, if any, of LIBOR for such Distribution Date (up to a maximum of 9.50% per annum) over 5.75% and (iii) the lesser of (x) an amount equal to the applicable notional amount under the Class 3A-1 Interest Rate Cap Receipts over Agreement for such Distribution Date and (y) the Excess [aggregate Certificate Principal Balance of the Class AF-1A] 3A-1 Certificates for such Distribution Date and second, to the Holders of the Class 3A-1 Certificates, in an amount up to any Basis Risk Shortfalls on the Class 3A-1 Certificates remaining unpaid from prior Distribution Dates. Any portion of the Class 3A-1 Interest Rate Cap Amount for remaining after such Payment Date distributions shall be retained in the order of priority and Class 3A-1 Reserve Fund for distribution pursuant to the extent specified in Section 6.02(f)(iii)(1) of this Agreement3.04. (d) On each [Group 2-AV] Upon termination of the Class 3A-1 Interest Rate Cap Agreement Payment Date, the Trust Administrator shall withdraw from and payment of all amounts owed by the Interest Rate Cap Account any Interest Rate Cap Receipts from Counterparty thereunder, following application by the [Group 2-AV] Cap Agreement to make payments Securities Administrator on behalf of the Trustee of funds in the order of priority Class 3A-1 Reserve Fund on the next succeeding Distribution Date to pay amounts owed pursuant to this Section and to Section 3.04, the extent specified in Section 6.02(f)(iii)(2); provided, that Securities Administrator on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] Cap Agreement that is based on a notional amount in excess behalf of the aggregate Trustee shall terminate the Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] Notes (such amount, the "Excess [Class 2-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement3A-1 Reserve Fund. (e) On each [Group 3-AV] In the event of an early termination of the Class 3A-1 Interest Rate Cap Agreement Payment DateAgreement, the Trust Administrator shall withdraw from any termination payment made by the Interest Rate Cap Counterparty to the Separate Interest Trust (“Termination Receipts”) shall be deposited in a segregated non-interest bearing account which shall be an Eligible Account any established by the Securities Administrator on behalf of the Trustee of the Separate Interest Rate Cap Trust (the “Termination Receipts from the [Group 3-AV] Cap Agreement Account”). The Securities Administrator shall invest, or cause to make payments be invested, funds held in the order Termination Receipts Account in time deposits of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that Securities Administrator. All such investments must be payable on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based demand or mature on a notional amount in excess Distribution Date or such other date as directed by a majority of the aggregate Class Principal Amount 3A-1 Certificateholders. All such Permitted Investments shall be made in the name of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] Trustee of the Separate Interest Trust (in its capacity as such) or its nominee. All income and [Class 3-AV-4] Notes (gain realized from any such amount, the "Excess [Group 3-AV] Cap Amount"), then the Trust Administrator investment shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date be deposited in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this AgreementTermination Receipts Account. (f) On each Subordinate Cap Agreement Payment DateEach Holder of a Class 4A-1 or Class X Certificate is deemed, by acceptance of such Class 4A-1 or Class X Certificate, to authorize the Trust Administrator shall withdraw from Trustee to accept the Class 4A-1 Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "Excess Subordinate Cap Amount"), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(3) of this Agreement. (g) On Pursuant to the Payment Date in _________ 200_Class 4A-1 Interest Rate Cap Agreement, after any amounts therefrom have been paid in accordance with Section 6.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account Counterparty shall have provided the Trustee and the Securities Administrator with notice of the Class 4A-1 Interest Rate Cap Amount, if any, to be paid by the Trust Administrator Interest Rate Cap Counterparty to the Ownership CertificateSecurities Administrator on behalf of the Trustee for the account of the Separate Interest Trust pursuant to such Class 4A-1 Interest Rate Cap Agreement for each Distribution Date. Any Class 4A-1 Interest Rate Cap Amounts received by the Securities Administrator on behalf of the Trustee pursuant to the Class 4A-1 Interest Rate Cap Agreement in connection with each such Distribution Date shall be deposited by the Securities Administrator on behalf of the Trustee into the Class 4A-1 Reserve Fund. (h) On each Distribution Date, the Securities Administrator on behalf of the Separate Interest Trust shall distribute amounts on deposit in the Class 4A-1 Reserve Fund representing the Class 4A-1 Interest Rate Cap Amount for such Distribution Date first, to the Holders of the Class 4A-1 Certificates, in an amount equal to the product of (i) one-twelfth and (ii) the excess, if any, of LIBOR for such Distribution Date (up to a maximum of 8.90% per annum) over 5.90% and (iii) the lesser of (x) an amount equal to the applicable notional amount under the Class 4A-1 Interest Rate Cap Agreement for such Distribution Date and (y) the aggregate Certificate Principal Balance of the Class 4A-1 Certificates for such Distribution Date and second, to the Holders of the Class 4A-1 Certificates, in an amount up to any Basis Risk Shortfalls on the Class 4A-1 Certificates remaining unpaid from prior Distribution Dates. Any portion of the Class 4A-1 Interest Rate Cap Amount remaining after such distributions shall be retained in the Class 4A-1 Reserve Fund for distribution pursuant to Section 3.04. (i) Upon termination of the Class 4A-1 Interest Rate Cap Agreement and payment of all amounts owed by the Interest Rate Cap Account Counterparty thereunder, following application by the Securities Administrator on behalf of the Trustee of funds in the Class 4A-1 Reserve Fund on the next succeeding Distribution Date to pay amounts owed pursuant to this Section and Section 3.04, the Securities Administrator on behalf of the Trustee shall terminate the Class 4A-1 Reserve Fund. (j) In the event of an early termination of the Class 4A-1 Interest Rate Cap Agreement, any termination payment made by the Interest Rate Cap Counterparty to the Separate Interest Trust (“Termination Receipts”) shall be terminated deposited in a segregated non-interest bearing account which shall be an Eligible Account established by the Securities Administrator on behalf of the Trustee of the Separate Interest Trust (the “Termination Receipts Account”). The Securities Administrator shall invest, or cause to be invested, funds held in the Termination Receipts Account in time deposits of the Securities Administrator. All such investments must be payable on demand or mature on a Distribution Date or such other date as directed by a majority of the Class 4A-1 Certificateholders. All such Permitted Investments shall be made in the name of the Trustee of the Separate Interest Trust (in its capacity as such) or its nominee. All income and gain realized from any such investment shall be deposited in the Termination Receipts Account. (k) Unless otherwise permitted by the Rating Agencies, the Securities Administrator shall promptly, with the assistance and cooperation of the Depositor, use amounts on deposit in the Termination Receipts Account, if necessary, to enter into replacement Interest Rate Cap Agreements which shall be executed and delivered by the Trustee of the Separate Interest Trust upon receipt of written confirmation from each Rating Agency that such replacement Interest Rate Cap Agreement(s) shall not result in the reduction or withdrawal of the rating of the Class 3A-1 or Class 4A-1 Certificates.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Interest Rate Cap Account. (b) The Trust Administrator shall deposit any Interest Rate Cap Receipts received with respect to any Interest Rate Cap Agreement Payment Date into the Interest Rate Cap Account. Amounts on deposit in the Interest Rate Cap Account shall remain uninvested. (c) On each [Class AF-1A] Group 1 Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Group 1 Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Group 1 Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Class [1A1] , Class 1A2 and Class [1A__] 1A3 Notes (such amount, the "Excess [Class AF-1A] Group 1 Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Class AF-1A] Group 1 Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Class AF-1A] Group 1 Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(1) of this Agreement. (d) On each [Group 2-AV] 2 Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 2-AV] 2 Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] 2 Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] 2A1 Notes (such amount, the "Excess [Class 2-AV] Group 2 Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] 2 Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] 2 Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (e) On each [Group 3-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 3-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] and [Class 3-AV-4] Notes (such amount, the "Excess [Group 3-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(2) of this Agreement. (f) On each Subordinate Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "Excess Subordinate Cap Amount"), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(3) of this Agreement. (gf) On the Payment Date in _________ 200_October 2007, after any amounts therefrom have been paid in accordance with Section 6.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust Administrator.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Interest Rate Cap Account. (b) The Trust Administrator shall deposit any Interest Rate Cap Receipts received with respect to any Interest Rate Cap Agreement Payment Date into the Interest Rate Cap Account. Amounts on deposit in the Interest Rate Cap Account shall remain uninvested. (c) On each [Class AF-1A] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(15.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Class [1A1] and Class [1A__] Notes (such amount, the "Excess [Class AF-1A] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Class AF-1A] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Class AF-1A] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(15.02(f)(iii)(1) of this Agreement. (d) On each [Group 2-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 2-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] Notes (such amount, the "Excess [Class 2-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2) of this Agreement. (e) On each [Group 3-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 3-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] and [Class 3-AV-4] Notes (such amount, the "Excess [Group 3-AV] Cap Amount"), then the Trust Administrator shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2) of this Agreement. (f) On each Subordinate Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(35.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment 112 received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "Excess Subordinate Cap Amount"), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(35.02(f)(iii)(3) of this Agreement. (g) On the Payment Date in _________ 200_, after any amounts therefrom have been paid in accordance with Section 6.06(c5.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust Administrator.

The Interest Rate Cap Agreements. (a) The Trust Administrator shall establish and maintain an Eligible Account in its name, in trust for the benefit of the Noteholders, the Interest Rate Cap Account. (b) The Trust Administrator shall deposit any Interest Rate Cap Receipts received with respect to any Interest Rate Cap Agreement Payment Date into the Interest Rate Cap Account. Amounts on deposit in the Interest Rate Cap Account shall remain uninvested. (c) On each [Class AF-1A] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Class AF-1A] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(15.02(f)(iii)(1); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Class AF-1A] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Class [1A1] and Class [1A__] Notes (such amount, the "“Excess [Class AF-1A] Cap Amount"”), then the Trust Administrator shall pay (i) the Excess [Class AF-1A] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Class AF-1A] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(15.02(f)(iii)(1) of this Agreement. (d) On each [Group 2-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 2-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 2-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 2-AV-1] and [Class 2-AV-1] Notes (such amount, the "“Excess [Class 2-AV] Cap Amount"”), then the Trust Administrator shall pay (i) the Excess [Group 2-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 2-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2) of this Agreement. (e) On each [Group 3-AV] Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the [Group 3-AV] Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the [Group 3-AV] Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the [Class 3-AV-1], [Class 3-AV-2], [Class 3-AV-3] and [Class 3-AV-4] Notes (such amount, the "“Excess [Group 3-AV] Cap Amount"”), then the Trust Administrator shall pay (i) the Excess [Group 3-AV] Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess [Group 3-AV] Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(25.02(f)(iii)(2) of this Agreement. (f) On each Subordinate Cap Agreement Payment Date, the Trust Administrator shall withdraw from the Interest Rate Cap Account any Interest Rate Cap Receipts from the Subordinate Cap Agreement to make payments in the order of priority and to the extent specified in Section 6.02(f)(iii)(35.02(f)(iii)(3); provided, that on each Payment Date on which there is a payment received by the Trust Administrator under the Subordinate Cap Agreement that is based on a notional amount in excess of the aggregate Class Principal Amount of the Subordinate Notes (such amount, the "“Excess Subordinate Cap Amount"”), then the Trust Administrator shall pay (i) the Excess Subordinate Cap Amount to the Ownership Certificate and (ii) the excess of such Interest Rate Cap Receipts over the Excess Subordinate Cap Amount for such Payment Date in the order of priority and to the extent specified in Section 6.02(f)(iii)(35.02(f)(iii)(3) of this Agreement. (g) On the Payment Date in _________ 200_, after any amounts therefrom have been paid in accordance with Section 6.06(c5.06(c), (d) and (e) above, any amounts remaining in the Interest Rate Cap Account shall be paid by the Trust Administrator to the Ownership Certificate, and the Interest Rate Cap Account shall be terminated by the Trust Administrator.