Common use of of Regulation AB Clause in Contracts

of Regulation AB. The Servicer, the Trustee and the Custodian each hereby acknowledge that interpretations of the requirements of Item 1122(d) of Regulation AB may change over time and agree in good faith to comply with requests made by the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In the event that the parties are not able to agree upon the servicing criteria applicable to it, the parties hereby agree to negotiate in good faith to come to a determination of the servicing criteria applicable to them under Item 1122(d) of Regulation AB using industry practice, industry groups' recommended practices and SEC interpretative guidance as determining factors. If the parties cannot come to a resolution after such negotiations, the parties hereby agree to submit to binding arbitration by an arbitrator agreed to by the parties or if an arbitrator can not be agreed upon then an arbitrator selected by the Depositor. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement, dated as of January 1, 2006 among Credit-Based Asset Servicing and Securitization LLC, the Servicer, the Trustee and the Depositor. This Letter Agreement shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the extent preempted by federal law. For the purpose of facilitating the execution of this Letter Agreement, and for other purposes, this Letter Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument. XXXXXX LOAN SERVICING LP By: __________________________ Name: Title: ACKNOWLEDGED AND AGREED: JPMORGAN CHASE BANK, NATIONAL ASSOCIATION By: __________________________ Name: Title: THE BANK OF NEW YORK By: __________________________ Name: Title: XXXXXXX XXXXX MORTGAGE INVESTORS, INC. By: __________________________ Name: Title: SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE (RMBS UNLESS OTHERWISE NOTED) DEFINITIONS PRIMARY SERVICER - transaction party having borrower contact CUSTODIAN - safe keeper of pool assets TRUSTEE - fiduciary of the transaction ------------------ --------------------------------------- ------------------- ------------------- ------------------- REG AB REFERENCE SERVICING CRITERIA XXXXXX LOAN BANK OF NEW YORK JPMORGAN CHASE SERVICING LP (CUSTODIAN) BANK (TRUSTEE) (SERVICER) ------------------ --------------------------------------- ------------------- ------------------- ------------------- GENERAL SERVICING CONSIDERATIONS ------------------ --------------------------------------- ------------------- ------------------- ------------------- Policies and procedures are X X instituted to monitor any performance or other triggers and events of default in accordance with the 1122(d)(1)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- If any material servicing activities If applicable for If applicable for If applicable for are outsourced to third parties, a transaction a transaction a transaction policies and procedures are participant participant participant instituted to monitor the third party's performance and compliance 1122(d)(1)(ii) with such servicing activities. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are 1122(d)(1)(iii) maintained. ------------------ --------------------------------------- ------------------- ------------------- ------------------- A fidelity bond and errors and X omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the 1122(d)(1)(iv) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- CASH COLLECTION AND ADMINISTRATION ------------------ --------------------------------------- ------------------- ------------------- ------------------- Payments on pool assets are deposited X X into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the 1122(d)(2)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Disbursements made via wire transfer X X on behalf of an obligor or to an investor are made only by authorized 1122(d)(2)(ii) personnel. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Advances of funds or guarantees X regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the 1122(d)(2)(iii) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- The related accounts for the X* X transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction 1122(d)(2)(iv) agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- P-2-2

of Regulation AB. The Servicer, the Trustee and the Custodian each hereby acknowledge that interpretations of the requirements of Item 1122(d) of Regulation AB may change over time and agree in good faith to comply with requests made by the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In the event that the parties are not able to agree upon the servicing criteria applicable to it, the parties hereby agree to negotiate in good faith to come to a determination of the servicing criteria applicable to them under Item 1122(d) of Regulation AB using industry practice, industry groups' recommended practices and SEC interpretative guidance as determining factors. If the parties cannot come to a resolution after such negotiations, the parties hereby agree to submit to binding arbitration by an arbitrator agreed to by the parties or if an arbitrator can not be agreed upon then an arbitrator selected by the Depositor. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement, dated as of January May 1, 2006 among Credit-Based Asset Servicing and Securitization LLC, the Servicer, the Trustee and the Depositor. This Letter Agreement shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the extent preempted by federal law. For the purpose of facilitating the execution of this Letter Agreement, and for other purposes, this Letter Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument. [NO FURTHER TEXT ON THIS PAGE] XXXXXX LOAN SERVICING LP By: __________________________ ------------------------------------ Name: Title: ACKNOWLEDGED AND AGREED: JPMORGAN CHASE BANK, U.S. BANK NATIONAL ASSOCIATION By: __________________________ --------------------------------- Name: Title: THE BANK OF NEW YORK By: __________________________ --------------------------------- Name: Title: XXXXXXX XXXXX MORTGAGE INVESTORS, INC. By: __________________________ --------------------------------- Name: Title: XXXXXXX X-0 SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE (RMBS UNLESS OTHERWISE NOTED) DEFINITIONS PRIMARY SERVICER - transaction party having borrower contact CUSTODIAN - safe keeper of pool assets TRUSTEE - fiduciary of the transaction ------------------ --------------------------------------- ------------------- ------------------- ------------------- REG AB REFERENCE SERVICING CRITERIA XXXXXX LOAN BANK OF NEW YORK JPMORGAN CHASE SERVICING LP (CUSTODIAN) BANK (TRUSTEE) (SERVICER) ------------------ --------------------------------------- ------------------- ------------------- ------------------- GENERAL SERVICING CONSIDERATIONS ------------------ --------------------------------------- ------------------- ------------------- ------------------- Policies and procedures are X X instituted to monitor any performance or other triggers and events of default in accordance with the 1122(d)(1)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- If any material servicing activities If applicable for If applicable for If applicable for are outsourced to third parties, a transaction a transaction a transaction policies and procedures are participant participant participant instituted to monitor the third party's performance and compliance 1122(d)(1)(ii) with such servicing activities. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are 1122(d)(1)(iii) maintained. ------------------ --------------------------------------- ------------------- ------------------- ------------------- A fidelity bond and errors and X omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the 1122(d)(1)(iv) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- CASH COLLECTION AND ADMINISTRATION ------------------ --------------------------------------- ------------------- ------------------- ------------------- Payments on pool assets are deposited X X into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the 1122(d)(2)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Disbursements made via wire transfer X X on behalf of an obligor or to an investor are made only by authorized 1122(d)(2)(ii) personnel. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Advances of funds or guarantees X regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the 1122(d)(2)(iii) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- The related accounts for the X* X transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction 1122(d)(2)(iv) agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- P-2-2)

of Regulation AB. The Servicer, the Trustee and the Custodian each hereby acknowledge that interpretations of the requirements of Item 1122(d) of Regulation AB may change over time and agree in good faith to comply with requests made by the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In the event that the parties are not able to agree upon the servicing criteria applicable to it, the parties hereby agree to negotiate in good faith to come to a determination of the servicing criteria applicable to them under Item 1122(d) of Regulation AB using industry practice, industry groups' recommended practices and SEC interpretative guidance as determining factors. If the parties cannot come to a resolution after such negotiations, the parties hereby agree to submit to binding arbitration by an arbitrator agreed to by the parties or if an arbitrator can not be agreed upon then an arbitrator selected by the Depositor. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement, dated as of January October 1, 2006 among Credit-Based Asset Servicing and Securitization LLC, the Servicer, the Trustee and the Depositor. This Letter Agreement shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the extent preempted by federal law. For the purpose of facilitating the execution of this Letter Agreement, and for other purposes, this Letter Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument. [NO FURTHER TEXT ON THIS PAGE] XXXXXX LOAN SERVICING LP By: __________________________ ------------------------------------ Name: Title: ACKNOWLEDGED AND AGREED: JPMORGAN CHASE BANK, U.S. BANK NATIONAL ASSOCIATION By: __________________________ --------------------------------- Name: Title: THE BANK OF NEW YORK By: __________________________ --------------------------------- Name: Title: XXXXXXX XXXXX MORTGAGE INVESTORS, INC. By: __________________________ --------------------------------- Name: Title: XXXXXXX X-0 SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE (RMBS UNLESS OTHERWISE NOTED) DEFINITIONS PRIMARY SERVICER - transaction party having borrower contact CUSTODIAN - safe keeper of pool assets TRUSTEE - fiduciary of the transaction ------------------ --------------------------------------- ------------------- ------------------- ------------------- XXXXXX LOAN REG AB SERVICING LP BANK OF NEW US BANK REFERENCE SERVICING CRITERIA XXXXXX LOAN BANK OF NEW (SERVICER) YORK JPMORGAN CHASE SERVICING LP (CUSTODIAN) BANK (TRUSTEE) (SERVICER) ------------------ --------------------------------------- ------------------- ------------------- ------------------- --------------- -------------------------------------------- ----------------- ----------------- ----------------- GENERAL SERVICING CONSIDERATIONS ------------------ --------------------------------------- ------------------- ------------------- ------------------- 1122(d)(1)(i) Policies and procedures are instituted to X X instituted to monitor any performance or other triggers and events of default in accordance with the 1122(d)(1)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- If any material servicing activities If applicable for If applicable for If applicable for are outsourced to third parties, a transaction a transaction a transaction policies and procedures are participant participant participant instituted to monitor the third party's performance and compliance 1122(d)(1)(ii) with such servicing activities. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are 1122(d)(1)(iii) maintained. ------------------ --------------------------------------- ------------------- ------------------- ------------------- A fidelity bond and errors and X omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the 1122(d)(1)(iv) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- CASH COLLECTION AND ADMINISTRATION ------------------ --------------------------------------- ------------------- ------------------- ------------------- Payments on pool assets are deposited X X into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the 1122(d)(2)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Disbursements made via wire transfer X X on behalf of an obligor or to an investor are made only by authorized 1122(d)(2)(ii) personnel. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Advances of funds or guarantees X regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the 1122(d)(2)(iii) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- The related accounts for the X* X transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction 1122(d)(2)(iv) agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- P-2-2.

of Regulation AB. The Servicer, the Trustee and the Custodian each hereby acknowledge that interpretations of the requirements of Item 1122(d) of Regulation AB may change over time and agree in good faith to comply with requests made by the Depositor in good faith for delivery of information under these provisions on the basis of evolving interpretations of Regulation AB. In the event that the parties are not able to agree upon the servicing criteria applicable to it, the parties hereby agree to negotiate in good faith to come to a determination of the servicing criteria applicable to them under Item 1122(d) of Regulation AB using industry practice, industry groups' recommended practices and SEC interpretative guidance as determining factors. If the parties cannot come to a resolution after such negotiations, the parties hereby agree to submit to binding arbitration by an arbitrator agreed to by the parties or if an arbitrator can not be agreed upon then an arbitrator selected by the Depositor. Capitalized terms used but not defined herein shall have the meanings assigned to them in the Pooling and Servicing Agreement, dated as of January April 1, 2006 2007 among Credit-Based Asset Servicing and Securitization LLC, the Servicer, the Trustee and the Depositor. This Letter Agreement shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the extent preempted by federal law. For the purpose of facilitating the execution of this Letter Agreement, and for other purposes, this Letter Agreement may be executed simultaneously in any number of counterparts. Each counterpart shall be deemed to be an original, and all such counterparts shall constitute one and the same instrument. [NO FURTHER TEXT ON THIS PAGE] XXXXXX LOAN SERVICING LP By: __________________________ ------------------------------------ Name: ---------------------------------- Title: --------------------------------- ACKNOWLEDGED AND AGREED: JPMORGAN CHASE BANK, LASALLE BANK NATIONAL ASSOCIATION By: __________________________ --------------------------------- Name: ------------------------------- Title: ------------------------------ THE BANK OF NEW YORK By: __________________________ --------------------------------- Name: ------------------------------- Title: ------------------------------ XXXXXXX XXXXX MORTGAGE INVESTORS, INC. By: __________________________ --------------------------------- Name: ------------------------------- Title: ------------------------------ XXXXXXX X-0 SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE (RMBS UNLESS OTHERWISE NOTED) DEFINITIONS PRIMARY SERVICER - transaction party having borrower contact CUSTODIAN - safe keeper of pool assets TRUSTEE - fiduciary of the transaction ------------------ --------------------------------------- ------------------- ------------------- ------------------- XXXXXX LOAN SERVICING LP BANK OF NEW YORK LASALLE BANK REG AB REFERENCE SERVICING CRITERIA XXXXXX LOAN BANK OF NEW YORK JPMORGAN CHASE SERVICING LP (SERVICER) (CUSTODIAN) BANK (TRUSTEE) (SERVICER) ------------------ --------------------------------------- ---------------- -------------------------------------------- ------------------- ------------------- ------------------- GENERAL SERVICING CONSIDERATIONS ------------------ --------------------------------------- ------------------- ------------------- ------------------- 1122(d)(1)(i) Policies and procedures are instituted to X X instituted to monitor any performance or other triggers and events of default in accordance with the 1122(d)(1)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- If any material servicing activities If applicable for If applicable for If applicable for are outsourced to third parties, a transaction a transaction a transaction policies and procedures are participant participant participant instituted to monitor the third party's performance and compliance 1122(d)(1)(ii) with such servicing activities. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Any requirements in the transaction agreements to maintain a back-up servicer for the Pool Assets are 1122(d)(1)(iii) maintained. ------------------ --------------------------------------- ------------------- ------------------- ------------------- A fidelity bond and errors and X omissions policy is in effect on the party participating in the servicing function throughout the reporting period in the amount of coverage required by and otherwise in accordance with the terms of the 1122(d)(1)(iv) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- CASH COLLECTION AND ADMINISTRATION ------------------ --------------------------------------- ------------------- ------------------- ------------------- Payments on pool assets are deposited X X into the appropriate custodial bank accounts and related bank clearing accounts no more than two business days following receipt, or such other number of days specified in the 1122(d)(2)(i) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Disbursements made via wire transfer X X on behalf of an obligor or to an investor are made only by authorized 1122(d)(2)(ii) personnel. ------------------ --------------------------------------- ------------------- ------------------- ------------------- Advances of funds or guarantees X regarding collections, cash flows or distributions, and any interest or other fees charged for such advances, are made, reviewed and approved as specified in the 1122(d)(2)(iii) transaction agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- The related accounts for the X* X transaction, such as cash reserve accounts or accounts established as a form of over collateralization, are separately maintained (e.g., with respect to commingling of cash) as set forth in the transaction 1122(d)(2)(iv) agreements. ------------------ --------------------------------------- ------------------- ------------------- ------------------- P-2-2.