Common use of Exchangeable REMIC Certificates Clause in Contracts

Exchangeable REMIC Certificates. The Class 1-A-4, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 2-A-3, Class 2-A-4, Class 3-A-14 and Class 3-A-15 Certificates issued under the Trust Agreement. Floating Rate Certificates The Class 1-A-1 and Class 3-A-1 Certificates. Group 1-B Certificates The Class 1-B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4, Class 1-B-5 and Class 1-B-6 Certificates. Group 1 Certificates Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11 and Class 1-A-12 Certificates. Group 2 Certificates Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class AR and Class AR-L Certificates. Group 3 Certificates Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-5, Class 3-A-6, Class 3-A-7, Class 3-A-8, Class 3-A-9, Class 3-A-10, Class 3-A-11, Class 3-A-12, Class 3-A-13, Class 3-A-14 and Class 3-A-15 Certificates. Group C-B Certificates The Class C-B-1, Class C-B-2, Class C-B-3, Class C-B-4, Class C-B-5 and Class C-B-6 Certificates. Inverse Floating Rate Certificates The Class 1-A-2 and Class 3-A-2 Certificates. LIBOR Certificates The Floating Rate Certificates and the Inverse Floating Rate Certificates. Lockout Certificates The Class 1-A-4, Class 1-A-7, Class 1-A-11, Class 2-A-3, Class 2-A-4, Class 3-A-13, Class 3-A-14 and Class 3-A-15 Certificates. Notional Amount Certificates The Class 1-A-2, Class 1-A-9, Class 1-A-12, Class 3-A-2, Class 3-A-7, Class 3-A-11 and the Class A-X Certificates. Offered Certificates All Classes of Certificates other than the Private Certificates. Physical Certificates The Residual Certificates and the Private Certificates. Planned Principal Classes The Class 1-A-8, Class 1-A-10, Class 3-A-6 and Class 3-A-8 Certificates. Principal Only Certificates The Class A-P Certificates. Private Certificates The Class 1-B-4, Class 1-B-5, Class 1-B-6, Class C-B-4, Class C-B-5, Class C-B-6 and Class PP Certificates. Rating Agencies S&P, Fitch and Xxxxx’x. Regular Certificates All Classes of Certificates other than the Residual Certificates. Residual Certificates The Class AR and Class AR-L Certificates. Senior Certificates The Class A, Class P, Class X and the Residual Certificates. Subordinate Certificates The Group 1-B and Group C-B Certificates. Targeted Principal Class The Class 1-A-1 and Class 3-A-1 Certificates. Uncertificated REMIC Interests The Class 1-A-4, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 2-A-3, Class 2-A-4, Class 3-A-14 and Class 3-A-15 Certificates issued under this Pooling and Servicing Agreement. All covenants and agreements made by the Depositor herein are for the benefit and security of the Certificateholders. The Depositor is entering into this Agreement, and the Trustee is accepting the trusts created hereby and thereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The principal balance of the Mortgage Loans as of the Cut-off Date is $989,285,835.32. The parties hereto intend to effect an absolute sale and assignment of the Mortgage Loans to the Trustee for the benefit of Certificateholders under this Agreement. However, the Depositor and the Sellers will hereunder absolutely assign and, as a precautionary matter grant a security interest in and to, its rights, if any, in the related Mortgage Loans to the Trustee on behalf of Certificateholders to ensure that the interest of the Certificateholders hereunder in the Mortgage Loans is fully protected.

Exchangeable REMIC Certificates. The Class 1-A-4, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 2-A-3, Class 2-A-4, Class 3-A-14 and Class 3-A-15 Certificates issued under the Trust Agreement. Floating Rate Certificates The Class 1-A-1 and Class 3-A-1 Certificates. Group 1-B Certificates The Class 1-B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4, Class 1-B-5 and Class 1-B-6 Certificates. Group 1 Certificates Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates. Floating Rate Certificates The Class 2-A-1 Certificates. Group 1 Certificates The Class 1-A-9A-1, Class 1-A-10A-2, Class 1-A-11 A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7 and Class 1-A-12 A-8 Certificates. Group 2 Certificates The Class 2-A-1, Class 2-A-2, A-2 and Class 2-A-3, Class 2-A-4, Class AR and Class AR-L A-3 Certificates. Group 3 Certificates The Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-5, Class 3-A-6, Class 3-A-7, Class 3-A-8, Class 3-A-9, Class 3-A-10, Class 3-A-11, Class 3-A-12, Class 3-A-13, Class 3-A-14 and Class 3-A-15 A-1 Certificates. Group C-B Interest Only Certificates The Class C15-B-1, Class CA-B-2, Class C-B-3, Class C-B-4, Class C-B-5 X and Class C30-B-6 A-X Certificates. Inverse Floating Rate Certificates The Class 12-A-2 and Class 32-A-2 A-3 Certificates. LIBOR Certificates The Floating Rate Certificates and the Certificates, Inverse Floating Rate Certificates and Toggle Certificates. Lockout Certificates The Class 1-A-4A-8 Certificates. No-Delay Certificates The Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-11, Class 2-A-3A-1, Class 2-A-4, Class 3-A-13, Class 3-A-14 and Class 3-A-15 Certificates. Notional Amount Certificates The Class 1-A-2, Class 12-A-9, A-3 and Class 12-A-12, Class 3-A-2, Class 3-A-7, Class 3-A-11 and the Class A-X A-5 Certificates. Offered Certificates All Classes of Certificates other than the Private Certificates. Physical Certificates The Residual Certificates and the Private Certificates. Planned Principal Classes PACs The Class 1-A-8A-1, Class 1-A-10A-2, Class 31-A-6 A-3 and Class 31-A-8 A-4 Certificates. Physical Certificates The Private Certificates and the Residual Certificates. Principal Only Certificates The Class A15-P PO and Class 30-PO Certificates. Private Certificates The Class 1-B-4, Class 1-B-5, B-5 and Class 1-B-6, Class C-B-4, Class C-B-5, Class C-B-6 and Class PP P Certificates. Rating Agencies S&P, Fitch S&P and Xxxxx’xFitch. Regular Certificates All Classes of Certificates Certificates, other than the Residual Certificates and the Class P Certificates. Residual Certificates The Class AR A-LR and Class ARA-L UR Certificates. Senior Certificates The Class AGroup 1, Class PGroup 2, Class X Group 3 and the Residual Interest Only and Principal Only Certificates. Subordinate Certificates The Group 1-B Class B-1, Class B-2, Class B-3, Class B-4, Class B-5 and Group C-B Class B-6 Certificates. Targeted Principal Class Toggle Certificates The Class 1-A-1 and Class 3-A-1 Certificates. Uncertificated REMIC Interests The Class 1-A-4A-5, Class 1-A-8, A-6 and Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 2-A-3, Class 2-A-4, Class 3-A-14 A-7. Defined terms and Class 3-A-15 Certificates issued under this Pooling and Servicing Agreement. All covenants and agreements made by the Depositor provisions herein are for the benefit and security relating to statistical rating agencies not designated above as Rating Agencies shall be of the Certificateholders. The Depositor is entering into this Agreement, and the Trustee is accepting the trusts created hereby and thereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The principal balance of the Mortgage Loans as of the Cut-off Date is $989,285,835.32. The parties hereto intend to effect an absolute sale and assignment of the Mortgage Loans to the Trustee for the benefit of Certificateholders under this Agreement. However, the Depositor and the Sellers will hereunder absolutely assign and, as a precautionary matter grant a security interest in and to, its rights, if any, in the related Mortgage Loans to the Trustee on behalf of Certificateholders to ensure that the interest of the Certificateholders hereunder in the Mortgage Loans is fully protectedno force or effect.

Exchangeable REMIC Certificates. The Class 1-A-4, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12, Class 2-A-3, Class 2-A-4, Class 3-A-14 and Class 3-A-15 Certificates issued under the Trust Agreement. Floating Rate Certificates The Class 1-A-1 and Class 3-A-1 Certificates. Group 1-B Certificates The Class 1-B-1, Class 1-B-2, Class 1-B-3, Class 1-B-4, Class 1-B-5 and Class 1-B-6 Certificates. Group 1 Certificates Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-4, Class 1-A-5, Class 1-A-6, Class 1-A-7, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11 and Class 1-A-12 Certificates. Group 2 Certificates Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class AR and Class AR-L Certificates. Group 3 Certificates Class 3-A-1, Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6, Class 3-A-7, Class 3-A-8, Class 3-A-9, Class 3-A-10, Class 3-A-11, Class 3-A-12, Class 3-A-13, Class 4-A-2, Class 4-A-3, Class 4-A-4 and Class 4-A-5 Certificates issued under the Trust Agreement. Floating Rate Certificates The Class 2-A-3, Class 3-A-14 A-1, Class 3-A-2, Class 3-A-5, Class 3-A-8, Class 3-A-11, Class 4-A-1, Class 4-A-2 and Class 4-A-4 Certificates. Group 1 Certificates Group 1 Senior Certificates and Group 1 Subordinate Certificates. Group 2 Certificates The Class 2-A-1, Class 2-A-2, Class 2-A-3, Class 2-A-4, Class AR and Class AR-L Certificates. Group 3 Certificates The Class 3-A-2, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6, Class 3-A-7, Class 3-A-8, Class 3-A-9, Class 3-A-10, Class 3-A-11, Class 3-A-12 and Class 3-A-15 A-13 Certificates. Group C4 Certificates The Class 4-A-2, Class 4-A-3, Class 4-A-4 and Class 4-A-5 Certificates. Group D-B Certificates The Class CD-B-1, Class CD-B-1X, Class D-B-2, Class CD-B-3, Class CD-B-4, Class CD-B-5 B-5, Class D-B-6 and Class CD-B-6 B-7 Certificates. Group 1 LIBOR Certificates The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4 and Class 1-M-5 Certificates. Group 1 Mezzanine Certificates The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4 and Class 1-M-5 Certificates. Group 1 Senior Certificates The Class 1-A-1A, Class 1-A-1B, Class 1-A-2, Class 1-A-3A, Class 1-A-3B, Class 1-A-4, Class 1-A-5, Class 1-A-6A, Class 1-A-6B and Class 1-R Certificates. Group 1 Subordinate Certificates The Class 1-M-1, Class 1-M-2, Class 1-M-3, Class 1-M-4, Class 1-M-5 and Class 1-X Certificates. Insured Certificates The Class 1-A-4 and Class 1-A-5 Certificates. Interest Only Certificates The Class 2-A-4, Class 3-A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6, Class 3-A-9, Class 3-A-10, Class 3-A-11, Class 3-A-12, Class 4-A-3, Class 4-A-5, Class D-B-1X and Class D-X Certificates. Inverse Floating Rate Certificates The Class 12-A-2 and A-4, Class 3-A-2 A-3, Class 3-A-4, Class 3-A-6, Class 3-A-9, Class 3-A-10, Class 3-A-12, Class 4-A-3 and Class 4-A-5 Certificates. LIBOR Certificates The Floating Rate Certificates and the Inverse Floating Rate Certificates. Lockout Certificates The Class 1-A-4, A-6A and Class 1-A-7, Class 1-A-11, Class 2-A-3, Class 2-A-4, Class 3-A-13, Class 3-A-14 and Class 3-A-15 Certificates. Notional Amount Certificates The Class 1-A-2, Class 1-A-9, Class 1-A-12, Class 3-A-2, Class 3-A-7, Class 3-A-11 and the Class A-X A-6B Certificates. Offered Certificates All Classes of Certificates other than the Private Certificates. Physical Certificates The Residual Certificates and the Private Certificates. Planned Principal Classes The Class 1-A-8, Class 1-A-10, Class 3-A-6 and Class 3-A-8 Certificates. Principal Only Certificates The Class A2-A-2, Class 3-A-7, Class 3-A-13 and Class D-P Certificates. Private Certificates The Class 1-B-4PP, Class 1-B-5P, Class 1-B-6X, Class C-B-4, Class CD-B-5, Class CD-B-6 and Class PP D-B-7 Certificates. Rating Agencies S&P, Fitch and Xxxxx’x. Regular Certificates All Classes of Certificates other than the Residual Certificates. Residual Certificates The Class AR and AR, Class AR-L and Class 1-R Certificates. Senior Certificates The Class AGroup 1 Senior Certificates, Group 2, Group 3, Group 4, Class P, Class D-X and the Residual Class D-P Certificates. Subordinate Certificates The Group 11 Subordinate Certificates and Group D-B and Group C-B Certificates. Targeted Principal Class The Class 1-A-1 and Class 3-A-1 Certificates. Uncertificated REMIC Interests The Class 12-A-4, Class 1-A-8, Class 1-A-9, Class 1-A-10, Class 1-A-11, Class 1-A-12A-2, Class 2-A-3, Class 2-A-4, Class 3-A-14 and A-2, Class 3-A-15 Certificates issued under this Pooling A-3, Class 3-A-4, Class 3-A-5, Class 3-A-6, Class 3-A-7, Class 3-A-8, Class 3-A-9, Class 3-A-10, Class 3-A-11, Class 3-A-12, Class 3-A-13, Class 4-A-2, Class 4-A-3, Class 4-A-4 and Servicing AgreementClass 4-A-5 Certificates. All covenants and agreements made by the Depositor herein are for the benefit and security of the CertificateholdersCertificateholders and the Certificate Insurer. The Depositor is entering into this Agreement, and the Trustee is accepting the trusts created hereby and thereby, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged. The principal balance of the Group 1 Mortgage Loans as of the Cut-off Date is $989,285,835.32445,139,652.53. The principal balance of the Group D-B Mortgage Loans as of the Cut-off Date is $248,167,548.05. The principal balance of the Mortgage Loans as of the Cut-off Date is $693,307,200.58. The parties hereto intend to effect an absolute sale and assignment of the Mortgage Loans to the Trustee for the benefit of Certificateholders under this Agreement. However, the Depositor and the Sellers Seller will hereunder absolutely assign and, as a precautionary matter grant a security interest interest, in and to, to its rights, if any, in the related Mortgage Loans to the Trustee on behalf of Certificateholders to ensure that the interest of the Certificateholders hereunder in the Mortgage Loans is fully protected.