Common use of Corridor Contracts Clause in Contracts

Corridor Contracts. The Master Servicer shall cause Deutsche Bank Securities Inc. (or its relevant affiliate) to assign all of its right, title and interest in and to each Corridor Contract to, and shall cause all of Deutsche Bank Securities Inc.'s obligations in respect of such transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Assignment Agreements. Each Corridor Contract 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 Reserve Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under any Corridor Contract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate any Corridor Contract, 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 a Corridor Contract shall be deposited and held in the Corridor Contract Reserve Fund and applied on future Distribution Dates to pay any Yield Supplement Amount on the related Class of Floating Rate Certificates. Any amounts remaining in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (x) the latest to occur of the related Corridor Contract Scheduled Termination Date and (y) the date on which the aggregate Class Certificate Balance of the Floating Rate Certificates has been reduced to zero, will be distributed to Deutsche Bank Securities Inc., and will not be available for payment of any Yield Supplement Amount on any Class of Floating Rate Certificates.

Corridor Contracts. The Master Servicer shall cause Deutsche Bank Securities Inc. (or its relevant affiliate) to assign all of its respective right, title and interest in and to each the related Corridor Contract Contracts to, and 91 shall cause all of Deutsche Bank Securities Inc.'s 's, obligations in respect of such transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Assignment Agreements. Each The Corridor Contract 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 Reserve Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under any Corridor Contract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate any Corridor Contract, 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 a Corridor Contract shall be deposited and held in the Corridor Contract Reserve Fund and applied on future Distribution Dates to pay any Yield Supplement Amount on the related Class of Floating Rate Certificates. Any amounts remaining in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (x) the latest to occur of the related Corridor Contract Scheduled Termination Date and (y) the date on which the aggregate Class Certificate Balance of the Floating Rate Certificates has been reduced to zero, will be distributed to Deutsche Bank Securities Inc., and will not be available for payment of any Yield Supplement Amount on any Class of Floating Rate Certificates.

Corridor Contracts. The Master Servicer shall cause Deutsche Bank Securities Inc. the Underwriter (or its relevant affiliate) to assign all of its right, title and interest in and to each the Group 2 Corridor Contract and Group 3 Corridor Contract evidenced by the related Confirmation to, and shall cause all of Deutsche Bank Securities Inc.the Underwriter's obligations in respect of such transactions transaction to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. Each The Group 2 Corridor Contract and Group 3 Corridor Contract 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 any the Corridor ContractContracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate any the Corridor ContractContracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunderin or pursuant to the Confirmations or the Corridor Contract Assignment Agreement, as applicable. Upon any such termination, the related Corridor Contract Counterparty will be obligated to pay the Trustee, Trustee or the Master Servicer for the benefit of the Trust Fund, Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund Fund, as the case may be, in respect of the such termination of a Corridor Contract shall be deposited and held in the Corridor Contract Reserve Fund and applied to pay Net Rate Carryover Amounts the Group 2 or Group 3 Certificates, as applicable, as provided in Section 4.09 hereof on future the Distribution Dates following such termination to pay and including the Corridor Contract Scheduled Termination Date. On any Yield Supplement Amount Corridor Contract Scheduled Termination Date, after all other distributions to be made on such date have been made pursuant to the related Class terms of Floating Rate Certificates. Any this Agreement, if any such amounts remaining received by the Trustee or the Master Servicer with respect thereto in respect of such termination remain in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (x) the latest to occur of the related Corridor Contract Scheduled Termination Date and (y) the date on which the aggregate Class Certificate Balance of the Floating Rate Certificates has been reduced to zeroFund, will such amounts shall be distributed by the Trustee to Deutsche Bank UBS Securities Inc., and will not be available for payment of any Yield Supplement Amount on any Class of Floating Rate CertificatesLLC.

Corridor Contracts. The Master Servicer shall cause Deutsche Bank Securities Inc. the Underwriter (or its relevant affiliate) to assign all of its right, title and interest in and to each the Corridor Contract Contracts evidenced by the Confirmations to, and shall cause all of Deutsche Bank Securities Inc.the Underwriter's obligations in respect of such transactions to be assumed by, the Supplemental Interest Trustee on behalf of the Trust FundSupplemental Interest Trust, on the terms and conditions set forth in the Assignment Agreements. Each Corridor Contract Assignment Agreement. The Corridor Contracts will not be an asset assets of the Trust Fund but will not be an asset nor of any REMIC. The Master Servicer, on behalf of the Supplemental Interest 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 Supplemental Interest Trustee, shall prepare and deliver any notices required to be delivered under any the Corridor ContractContracts. The Master Servicer, on behalf of the Supplemental Interest Trustee, shall act as calculation agent and/or shall terminate any the Corridor ContractContracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunderin or pursuant to the Confirmations or the Corridor Contract Assignment Agreement, as applicable. Upon any such termination, the related Corridor Contract Counterparty will be obligated to pay the Trustee, Supplemental Interest Trustee or the Master Servicer for the benefit of the Supplemental Interest Trust Fund, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee or the Master Servicer for the benefit of the Trust Fund Supplemental Interest Trust, as the case may be, in respect of the such termination of a Corridor Contract shall be deposited and held in the Corridor Contract Reserve Fund and applied on future Distribution Dates to pay any Yield Supplement Amount Unpaid Realized Loss Amounts and Net Rate Carryover Amounts on the related Class Classes of Floating Rate CertificatesCovered Certificates as provided in Section 4.09 hereof on the Distribution Dates following such termination to and including the Corridor Contract Scheduled Termination Date. Any On any Corridor Contract Scheduled Termination Date, after all other distributions to be made on such date have been made pursuant to the terms of this Agreement, if any such amounts remaining received by the Supplemental Interest Trustee or the Master Servicer with respect thereto in respect of such termination remain in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (x) the latest to occur of the related Corridor Contract Scheduled Termination Date and (y) the date on which the aggregate Class Certificate Balance of the Floating Rate Certificates has been reduced to zeroFund, will such amounts shall be distributed by the Supplemental Interest Trustee to Deutsche Bank UBS Securities Inc., and will not be available for payment of any Yield Supplement Amount on any Class of Floating Rate CertificatesLLC.