Common use of Purposes and Powers Clause in Contracts

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee....................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee.......................................................................... 5 SECTION 2.5. Initial Capital Contribution of Trust Estate.......................................... 5 SECTION 2.6. Declaration of Trust.......................................................................................... 5 SECTION 2.7. Title to Owner Trust Property...................................6 ........................................... 5 SECTION 2.8. Situs of Owner Trust............................................6 .................................................... 5 SECTION 2.9. Representations and Warranties of the Depositor.................................... 6 SECTION 2.10.. Covenants of the Certificateholder................................ 7 SECTION 2.11. Federal income tax treatment of the Trust......................... 7

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee....................................5 .............................. 6 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate....................5 ........ 6 SECTION 2.62.06. Declaration of Trust............................................5 ...................................... 6 SECTION 2.72.07. Liability of Owners....................................... 6 SECTION 2.08. Title to Owner Trust Property...................................................................... 6 SECTION 2.82.09. Situs of Owner Trust........................................................................................ 6 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company... 7

Purposes and Powers. 4 5 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 6 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 ..............6 SECTION 2.6. 2.6 Declaration of Trust............................................5 6 SECTION 2.7. 2.7 Title to Owner Trust Property...................................6 .........................................7 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10...................................................7

Purposes and Powers. 4 5 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 . .......................6 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 ...6 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 ...................................4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...................4 SECTION 2.6. Declaration of Trust.......................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 ..................................5 SECTION 2.8. Situs of Owner Trust............................................6 ...........................................5 SECTION 2.9. Representations and Warranties of the Depositor.................6 ................5 SECTION 2.10.. Liability of Certificateholder.................................6

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee....................................5 ........................... 4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.................... 5

Purposes and Powers. 4 2 SECTION 2.4. Appointment of the Owner Trustee....................................5 ....................... 3 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ........... 3 SECTION 2.6. Declaration of Trust............................................5 ................................... 3 SECTION 2.7. Title to Owner Trust Property...................................6 Organizational Expenses; Liabilities of the Holders.... 3 SECTION 2.8. Situs of Owner Trust............................................6 Title to the Trust Estate.............................. 3 SECTION 2.9. Representations and Warranties of the Depositor.................6 Seller........... 3 SECTION 2.10.. Situs of Issuer........................................ 4

Purposes and Powers. 4 SECTION 2.4. Appointment 2.04.Appointment of Owner Trustee............................5 SECTION 2.05.Initial Capital Contribution of Owner Trust Estate......5 SECTION 2.06.Declaration of Trust....................................5 SECTION 2.5. Initial Capital Contribution 2.07.Liability of Owners.....................................6 SECTION 2.08.Title to Trust Estate....................5 Property.................................6 SECTION 2.6. Declaration 2.09.Situs of Trust............................................5 SECTION 2.7. Title to Owner Trust Property.............................................................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations 2.10.Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company.6

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee.............................................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate.............................5 SECTION 2.6. Declaration of Trust.............................................................................5 SECTION 2.7. Title to Owner Trust Property...................................Liability of the Certificateholders..................6 SECTION 2.8. Situs of Owner Trust............................................Title to Trust Property..............................6 SECTION 2.9. Situs of Trust.......................................6 SECTION 2.10. Representations and Warranties of the Depositor.................Seller.........6 SECTION 2.10.2.12. Federal Income Tax Allocations.......................7

Purposes and Powers. 4 5 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ................................... 6 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 ............. 6 SECTION 2.6. 2.6 Declaration of Trust............................................5 ........................................... 6 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.

Purposes and Powers. 4 6 SECTION 2.4. Appointment of Owner Trustee....................................5 .............................7 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 .............7 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10......................................7

Purposes and Powers. 4 1 SECTION 2.4. Appointment of Owner Trustee....................................5 .................................2 SECTION 2.5. Initial Capital Contribution of Owner Trust Estate....................5 ...................2 SECTION 2.6. Declaration of Trust............................................5 .........................................2 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties Liability of the Depositor.................6 SECTION 2.10.Depositor and the Certificateholders........3

Purposes and Powers. 4 SECTION 2.42.04. Appointment of Owner Trustee.....................................................................5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate...............................5 SECTION 2.62.06. Declaration of Trust.....................................................................................5 SECTION 2.72.07. Liability of Owners..........................................6 SECTION 2.08. Title to Owner Trust Property.........................................................................6 SECTION 2.82.09. Situs of Owner Trust...........................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company......6

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee.............................................................................. 5 SECTION 2.5. Initial Capital Contribution of Trust Estate.............................................. 5 SECTION 2.6. Declaration of Trust.............................................................................................. 5 SECTION 2.7. Title to Owner Trust Property...................................6 ............................................... 5 SECTION 2.8. Situs of Owner Trust.................................................................................................... 6 SECTION 2.9. Representations and Warranties of the Depositor........................................ 6 SECTION 2.10. Covenants of the Certificateholder.................................... 7 SECTION 2.11. Federal Income Tax Treatment of the Trust............................. 7 ARTICLE III.

Purposes and Powers. 4 1 SECTION 2.42.04. Appointment of Owner Eligible Lender Trustee....................................5 .........................2 SECTION 2.52.05. Initial Capital Contribution of Trust Estate....................5 ...................2 SECTION 2.62.06. Declaration of Trust............................................5 ...........................................3 SECTION 2.72.07. [Reserved.]....................................................3 SECTION 2.08. Title to Owner Trust Property...................................6 ........................................3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.92.09. Representations and Warranties of the Depositor.................6 Seller and the Company...3 SECTION 2.10.

Purposes and Powers. 4 1 SECTION 2.41.04. Appointment of Owner Trustee....................................5 ............................2 SECTION 2.51.05. Initial Capital Contribution of Trust Estate....................5 ............2 SECTION 2.61.06. Declaration of Trust............................................5 ....................................2 SECTION 2.71.07. Title to Owner Trust Property...................................6 .................................2 SECTION 2.81.08. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10...........................................3

Purposes and Powers. 4 SECTION 2.42.04. Appointment of Owner Trustee....................................................................5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate..............................5 SECTION 2.62.06. Declaration of Trust....................................................................................5 SECTION 2.72.07. Liability of Owners.........................................6 SECTION 2.08. Title to Owner Trust Property........................................................................6 SECTION 2.82.09. Situs of Owner Trust..........................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company.....6

Purposes and Powers. 4 1 SECTION 2.4. 2.4 Appointment of Owner Eligible Lender Trustee....................................5 ......................... 2 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 ................... 2 SECTION 2.6. 2.6 Declaration of Trust............................................5 ........................................... 2 SECTION 2.7. 2.7 Liability of the Holders of the Excess Distribution Certificate 3 SECTION 2.8 Title to Owner Trust Property...................................6 ........................................ 3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations 2.9 Representations, Warranties, and Warranties Covenants of the Depositor.................6 .... 3 SECTION 2.10.

Purposes and Powers. 3 SECTION 2.04. Appointment Of Owner Trustee................................4 SECTION 2.42.05. Appointment of Capital Contribution Of Owner Trustee....................................Trust Estate..................4 SECTION 2.06. Declaration Of Trust........................................4 SECTION 2.07. Liability Of Trust Depositor................................4 SECTION 2.08. Title To Trust Property.....................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.82.09. Situs of Owner Of Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10...............................................5

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee...........................................................................................5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate.....................................................5 SECTION 2.62.06. Declaration of Trust............................................5 ...............................................................6 SECTION 2.72.07. Liability of Owners................................................................6 SECTION 2.08. Title to Owner Trust Property...............................................................................................6 SECTION 2.82.09. Situs of Owner Trust.................................................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor.................Depositor and Company............................6 SECTION 2.10.ARTICLE III Certificates and Transfer of Interests

Purposes and Powers. 4 7 SECTION 2.4. Appointment of Owner Trustee....................................5 ............................8 SECTION 2.5. Initial Capital Contribution of Owner Trust Estate....................5 ......8 SECTION 2.6. Declaration of Trust............................................5 ....................................8 SECTION 2.7. Title to Owner Trust Property...................................6 Liability of the Owners.................................8 SECTION 2.8. Situs of Owner Trust............................................6 Title to Trust Property.................................9 SECTION 2.9. Representations and Warranties Situs of the Depositor.................6 SECTION 2.10.Trust..........................................9

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee................................................................................ 5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate.......................................... 5 SECTION 2.62.06. Declaration of Trust............................................5 .................................................... 6 SECTION 2.72.07. Liability of Owners..................................................... 6 SECTION 2.08. Title to Owner Trust Property.................................................................................... 6 SECTION 2.82.09. Situs of Owner Trust...................................................................................................... 6 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company................. 7 ARTICLE III Certificates and Transfer of Interests

Purposes and Powers. 4 1 SECTION 2.4. 1.04 Appointment of Owner Trustee....................................5 ................................. 2 SECTION 2.5. 1.05 Initial Capital Contribution of Trust Estate....................5 ................. 2 SECTION 2.6. 1.06 Declaration of Trust............................................5 ......................................... 2 SECTION 2.7. 1.07 Title to Owner Trust Property...................................6 ...................................... 3 SECTION 2.8. 1.08 Situs of Owner Trust............................................6 ............................................... 3 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.1.09

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee................................................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate................................5 SECTION 2.6. Declaration of Trust................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 .................................5 SECTION 2.8. Situs of Owner Trust......................................................................................6 SECTION 2.9. Representations and Warranties of the Depositor...............................................................6 SECTION 2.10.. Covenants of the Certificateholder......................7 SECTION 2.11. Federal Income Tax Treatment of the Trust...............7

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 .............................4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 .............4 SECTION 2.6. Declaration of Trust.................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 ............................5 SECTION 2.8. Situs of Owner Trust............................................6 .....................................5 SECTION 2.9. Representations and Warranties of the Depositor.................6 ..........5 SECTION 2.10.. Liability of Certificateholder..........................6

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee....................................5 ...............................6 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate....................5 .........6 SECTION 2.62.06. Declaration of Trust............................................5 .......................................6 SECTION 2.72.07. Liability of the Owners....................................6 SECTION 2.08. Title to Owner Trust Property...................................6 ....................................7 SECTION 2.82.09. Situs of Owner Trust............................................6 .............................................7 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 Depositor and the Company................................................7 SECTION 2.10.2.11. Federal Income Tax Allocations.............................9

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee................................................................ 5 SECTION 2.5. Initial Capital Contribution of Trust Estate................................ 5 SECTION 2.6. Declaration of Trust................................................................................ 5 SECTION 2.7. Title to Owner Trust Property...................................Liability of the Depositor.............................. 6 SECTION 2.8. Situs of Owner Trust............................................Title to Trust Property................................. 6 SECTION 2.9. Situs of Trust.......................................... 6 SECTION 2.10. Representations and Warranties of the Depositor.......................... 6 SECTION 2.102.11. Federal Income Tax Treatment............................ 7 SECTION 2.12. Covenants of the Depositor.............................. 8 SECTION 2.13.

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee................................................................. 5 SECTION 2.5. Initial Capital Contribution of Trust Estate................................. 5 SECTION 2.6. Declaration of Trust................................................................................. 5 SECTION 2.7. Title to Owner Trust Property..................................................................... 6 SECTION 2.8. Situs of Owner Trust....................................................................................... 6 SECTION 2.9. Representations and Warranties of the Depositor........................... 6 SECTION 2.10.. Covenants of the Certificateholder....................... 7 SECTION 2.11. Federal Income Tax Treatment of the Trust................ 8

Purposes and Powers. 4 5 SECTION 2.41.04. Appointment of Owner Trustee....................................5 ...................................6 SECTION 2.51.05. Initial Capital Contribution of Trust Estate....................5 ...................6 SECTION 2.61.06. Declaration of Trust............................................5 ...........................................6 SECTION 2.71.07. Title to Owner Trust Property...................................6 ........................................7 SECTION 2.81.08. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10..................................................7 ARTICLE II Definitions......................................................7

Purposes and Powers. 4 SECTION 2.42.04. Appointment of Owner Trustee..................................................................5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate............................5 SECTION 2.62.06. Declaration of Trust..................................................................................5 SECTION 2.72.07. Liability of Owners.......................................6 SECTION 2.08. Title to Owner Trust Property...................................6 SECTION 2.82.09. Situs of Owner Trust............................................6 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company...6

Purposes and Powers. 4 7 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ...................................8 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 .............8 SECTION 2.6. 2.6 Declaration of Trust............................................5 ...........................................8 SECTION 2.7. 2.7 Liability of the Holders.......................................8 SECTION 2.8 Title to Owner Trust Property...................................6 ........................................9 SECTION 2.8. 2.9 Situs of Owner Trust............................................6 .................................................9 SECTION 2.9. 2.10 Representations and Warranties of the Depositor.................6 ; Covenant of the Depositor.....................................9 SECTION 2.10.2.11 Federal Income Tax Provisions.................................10

Purposes and Powers. 4 2 SECTION 2.4. Appointment of Owner Trustee....................................5 ........................ 2 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ........ 3 SECTION 2.6. Declaration of Trust............................................5 ................................ 3 SECTION 2.7. Title to Owner Trust Property...................................6 Organizational Expenses; Liabilities of the Holders. 3 SECTION 2.8. Situs of Owner Trust............................................6 Title to Issuer Property............................ 3 SECTION 2.9. Representations Situs of Issuer..................................... 4 SECTION 2.10.Representations and Warranties of the Depositor.................6 ......... 4 SECTION 2.10.2.11.Federal Income Tax Allocations...................... 5

Purposes and Powers. 4 SECTION 2.42.04. Appointment of Owner Trustee.......................................................................5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate.................................5 SECTION 2.62.06. Declaration of Trust.......................................................................................5 SECTION 2.72.07. Liability of Owners............................................6 SECTION 2.08. Title to Owner Trust Property...........................................................................6 SECTION 2.82.09. Situs of Owner Trust.............................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company........6

Purposes and Powers. 4 SECTION 2.46 Section 2.04. Appointment of Owner Trustee....................................5 SECTION 2.5....................................... 7 Section 2.05. Initial Capital Contribution of Owner Trust Estate....................5 SECTION 2.6................. 7 Section 2.06. Declaration of Trust............................................5 SECTION 2.7............................................... 7 Section 2.07. Title to Owner Trust Property...................................6 SECTION 2.8............................................ 7 Section 2.08. Situs of Owner Trust............................................6 SECTION 2.9..................................................... 8 Section 2.09. Representations and Warranties of the Depositor.................6 SECTION .................... 8 Section 2.10.. Federal Income Tax Allocations..................................... 9 ARTICLE THREE TRUST CERTIFICATES AND TRANSFER OF INTERESTS -i- TABLE OF CONTENTS (Continued)

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee......................................................... 5 SECTION 2.5. Initial Capital Contribution of Trust Estate............................................................... 5 SECTION 2.6. Declaration of Trust............................................5 ............................. 6 SECTION 2.7. Title to Owner Trust Property............................................................. 6 SECTION 2.8. Situs of Owner Trust............................................................................... 6 SECTION 2.9. Representations and Warranties of the Depositor......................................................... 6 SECTION 2.10.. Covenants of the Certificateholder............... 8 SECTION 2.11. Federal income tax treatment of the Trust............................................ 8 ARTICLE III. Certificate and Transfer of Interest..................... 9

Purposes and Powers. 4 5 SECTION 2.4. Appointment of Owner Trustee...................................................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate...................................5 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10........................................6

Purposes and Powers. 4 5 SECTION 2.4. Appointment of Owner Trustee....................................5 ...................................... 6 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...................... 6 SECTION 2.6. Declaration of Trust............................................5 .............................................. 6 SECTION 2.7. Title to Owner Trust Property.............................................................................. 6 SECTION 2.8. Situs of Owner Trust................................................................................................ 6 SECTION 2.9. Representations and Warranties of the Depositor.................6 ................... 7 SECTION 2.10. Covenants of the Certificateholder................................ 8 SECTION 2.11. Federal income tax treatment of the Trust......................... 8 ARTICLE III.

Purposes and Powers. 4 SECTION 2.4. 5 Section 2.04 Appointment of Owner Trustee....................................5 SECTION 2.5. .......................... 6 Section 2.05 Initial Capital Contribution of Owner Trust Estate....................5 SECTION 2.6. .... 6 Section 2.06 Declaration of Trust............................................5 SECTION 2.7. .................................. 6 Section 2.07 Title to Owner Trust Property...................................Estate................................. 6 SECTION 2.8. Section 2.08 Situs of Owner Trust............................................6 SECTION 2.9. ........................................ 7 Section 2.09 Representations and Warranties of the Depositor.................6 SECTION 2.10........ 7 Section 2.10 Federal Income Tax Allocations........................ 8 Section 2.11

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee....................................5 ..................................6 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate....................5 ............6 SECTION 2.62.06. Declaration of Trust............................................5 ..........................................6 SECTION 2.72.07. Liability of Owners...........................................6 SECTION 2.08. Title to Owner Trust Property..........................................................................6 SECTION 2.82.09. Situs of Owner Trust............................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 SECTION 2.10.Depositor and Company.......7

Purposes and Powers. 4 5 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ...................................6 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 .............6 SECTION 2.6. 2.6 Declaration of Trust............................................5 ...........................................6 SECTION 2.7. 2.7 Title to Owner Trust Property...................................6 ........................................7 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 .................................................7 SECTION 2.9. 2.9 Representations and Warranties of the Depositor.................6 ................7 SECTION 2.10.2.10 Federal Income Tax Matters.....................................8

Purposes and Powers. 4 5 SECTION 2.4. Appointment of Owner Trustee....................................5 .................................6 SECTION 2.5. Initial Capital Contribution of Owner Trust Estate....................5 .................................................6 SECTION 2.6. Declaration of Trust............................................5 .........................................7 SECTION 2.7. Title to Owner Trust Property...................................6 [RESERVED]...................................................7 SECTION 2.8. Title to Trust Property......................................7 SECTION 2.9. Situs of Owner Trust............................................6 ...............................................7 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 ..............................................8 SECTION 2.10.2.11. Federal Income Tax Matters...................................9

Purposes and Powers. 4 1 SECTION 2.4. 2.4 Appointment of Owner Eligible Lender Trustee....................................5 ...................... 2 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 ................ 2 SECTION 2.6. 2.6 Declaration of Trust............................................5 ........................................ 2 SECTION 2.7. 2.7 Liability of the Holder of Excess Distribution Certificateholder........................................... 2 SECTION 2.8 Title to Owner Trust Property...................................6 ..................................... 3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations 2.9 Representations, Warranties and Warranties Covenants of the Depositor.................6 .. 3 SECTION 2.10.

Purposes and Powers. 4 1 SECTION 2.4. 2.04 Appointment of Owner Trustee....................................5 .................................3 SECTION 2.5. 2.05 Initial Capital Contribution of Owner Trust Estate....................5 ...........3 SECTION 2.6. 2.06 Declaration of Trust............................................5 .........................................3 SECTION 2.7. 2.07 Liability of the Depositor and the Certificateholders........3 SECTION 2.08 Title to Owner Trust Property...................................6 ......................................4 SECTION 2.8. 2.09 Situs of Owner Trust............................................6 ...............................................4 SECTION 2.9. 2.10 Representations and Warranties of the Depositor.................6 ..............4 SECTION 2.10.2.11

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee................................................................... 5 SECTION 2.5. Initial Capital Contribution of Trust Estate................................... 5 SECTION 2.6. Declaration of Trust................................................................................... 5 SECTION 2.7. Title to Owner Trust Property...................................6 .................................... 5 SECTION 2.8. Situs of Owner Trust............................................6 ............................................. 5 SECTION 2.9. Representations and Warranties of the Depositor............................. 6 SECTION 2.10.. Covenants of the Certificateholder......................... 7 SECTION 2.11. Federal income tax treatment of the Trust.................. 7

Purposes and Powers. 4 SECTION 2.42.04. Appointment of Owner Trustee..................................................................................................5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate............................................................5 SECTION 2.62.06. Declaration of Trust..................................................................................................................5 SECTION 2.72.07. Liability of Owners.......................................................................6 SECTION 2.08. Title to Owner Trust Property......................................................................................................6 SECTION 2.82.09. Situs of Owner Trust........................................................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor.................Depositor and Company...................................6 SECTION 2.10.ARTICLE III Certificates and Transfer of Interests

Purposes and Powers. 4 5 SECTION 2.4. Appointment of Owner Trustee....................................5 ...............................6 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...............6 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10........................................6

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 .............................4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 .............4 SECTION 2.6. Declaration of Trust.................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 ............................5 SECTION 2.8. Situs of Owner Trust............................................6 .....................................5 SECTION 2.9. Representations and Warranties of the Depositor.................6 ..........5 SECTION 2.10.. Liability of Certificateholder...........................6

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee......................................................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate......................................5 SECTION 2.6. Declaration of Trust......................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 .................................5 SECTION 2.8. Situs of Owner Trust............................................6 ..........................................5 SECTION 2.9. Representations and Warranties of the Depositor.................6 ...............5 SECTION 2.10.. Liability of Certificateholder................................7

Purposes and Powers. 4 1 SECTION 2.4. 2.4 Appointment of Owner Eligible Lender Trustee....................................5 ............. 2 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 ....... 2 SECTION 2.6. 2.6 Declaration of Trust............................................5 ............................... 2 SECTION 2.7. 2.7 Liability of the Certificateholders................ 3 SECTION 2.8 Title to Owner Trust Property...................................6 ............................ 3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. 2.9 Representations and Warranties of the Depositor.................6 .... 4 SECTION 2.10.

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee....................................5 .......................... 6 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate....................5 .... 6 SECTION 2.62.06. Declaration of Trust............................................5 .................................. 6 SECTION 2.72.07. Liability of the Owners............................... 6 SECTION 2.08. Title to Owner Trust Property...................................6 ............................... 7 SECTION 2.82.09. Situs of Owner Trust............................................6 ........................................ 7 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 Depositor and the Company........................................... 7 SECTION 2.10.2.11. Federal Income Tax Allocations........................ 9 SECTION 2.12. Conveyance of the Mortgage Loans...................... 9 ARTICLE III

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee............................................................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate......................................5 SECTION 2.6. Declaration of Trust......................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 Liability of the Certificateholders...........................5 SECTION 2.8. Title to Trust Property.......................................5 SECTION 2.9. Situs of Owner Trust............................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor...............................6 SECTION 2.10.2.11. Federal Income Tax Allocations...............................7

Purposes and Powers. 4 1 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ................................2 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 ..........2 SECTION 2.6. 2.6 Declaration of Trust............................................5 ........................................2 SECTION 2.7. 2.8 Title to Owner Trust Property...................................6 .....................................4 SECTION 2.8. 2.9 Situs of Owner Trust............................................6 ..............................................4 SECTION 2.9. 2.10 Representations and Warranties of the Depositor.................6 SECTION 2.10.Seller................4

Purposes and Powers. 4 1 SECTION 2.41.04. Appointment of Owner Trustee....................................5 ............................2 SECTION 2.51.05. Initial Capital Contribution of Trust Estate....................5 ............2 SECTION 2.61.06. Declaration of Trust............................................5 ....................................2 SECTION 2.71.07. Title to Owner Trust Property...................................6 .................................3 SECTION 2.81.08. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10...........................................3 ARTICLE II Definitions..............................................3

Purposes and Powers. 4 6 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 Trustee ......................................................... 7 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 Estate ................................... 7 SECTION 2.6. 2.6 Declaration of Trust............................................5 Trust ................................................................. 7 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.

Purposes and Powers. 4 1 SECTION 2.4. 2.4 Appointment of Owner Eligible Lender Trustee....................................5 ............................... 2 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 ......................... 2 SECTION 2.6. 2.6 Declaration of Trust............................................5 ................................................. 2 SECTION 2.7. 2.7 Liability of the Holders of the Excess Distribution Certificate...... 3 SECTION 2.8 Title to Owner Trust Property...................................6 .............................................. 3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations 2.9 Representations, Warranties and Warranties Covenants of the Depositor.................6 ........... 3 SECTION 2.10.

Purposes and Powers. 4 1 SECTION 2.4. Appointment of Owner Trustee....................................5 .................................2 SECTION 2.5. Initial Capital Contribution of Owner Trust Estate....................5 ...................2 SECTION 2.6. Declaration of Trust............................................5 .........................................3 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties Liability of the Depositor.................6 SECTION 2.10.Depositor and the Certificateholders........3

Purposes and Powers. 4 1 SECTION 2.41.04. Appointment of Owner Trustee....................................5 ............................2 SECTION 2.51.05. Initial Capital Contribution of Trust Estate....................5 ............2 SECTION 2.61.06. Declaration of Trust............................................5 ....................................2 SECTION 2.71.07. Title to Owner Trust Property...................................6 .................................3 SECTION 2.81.08. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10...........................................3 ARTICLE II

Purposes and Powers. 4 6 SECTION 2.4. Appointment of Owner Trustee....................................5 ........................................6 SECTION 2.5. Initial Capital Contribution of Owner Trust Estate....................5 ..................6 SECTION 2.6. Declaration of Trust............................................5 ................................................6 SECTION 2.7. Title to Owner Trust Property...................................6 Liability of the Holders............................................7 SECTION 2.8. Situs of Owner Trust............................................6 Title to Trust Property.............................................7 SECTION 2.9. Representations and Warranties Situs of the Depositor.................6 SECTION 2.10.Trust......................................................7

Purposes and Powers. 4 SECTION 2.4Section 2.04. Appointment of Owner Trustee............................................................... 5 SECTION 2.5Section 2.05. Initial Capital Contribution of Owner Trust Estate......................... 5 SECTION 2.6Section 2.06. Declaration of Trust............................................................................... 5 SECTION 2.7Section 2.07. Liability of the Owners................................ 5 Section 2.08. Title to Owner Trust Property................................................................... 6 SECTION 2.8Section 2.09. Situs of Owner Trust..................................................................................... 6 SECTION 2.9Section 2.10. Representations and Warranties of the Depositor......................... 6 SECTION 2.10.Section 2.11. Federal Income Tax Allocations......................... 7

Purposes and Powers. 4 2 SECTION 2.4. Appointment of Owner Trustee....................................5 .................................3 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...........3 SECTION 2.6. Declaration of Trust............................................5 ...................................3 SECTION 2.72.7 Liability of the Certificateholders....................4 SECTION 2.8. Title to Owner Trust Property...................................6 ................................4 SECTION 2.82.9. Situs of Owner Trust............................................6 .........................................4 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 .......4 SECTION 2.10.2.11. Federal Income Tax Allocations........................5

Purposes and Powers. 4 5 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 . ..................................6 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 ..............6 SECTION 2.6. 2.6 Declaration of Trust............................................5 7 SECTION 2.7. 2.7 Title to Owner Trust Property...................................6 .........................................7 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 ..................................................7 SECTION 2.9. 2.9 Representations and Warranties of the Depositor.................6 7 SECTION 2.10.2.10 Federal Income Tax Matters......................................9

Purposes and Powers. 4 7 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ......................................................8 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 ................................8 SECTION 2.6. 2.6 Declaration of Trust............................................5 ..............................................................8 SECTION 2.7. 2.7 Title to Owner Trust Property...................................6 ...........................................................9 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 ....................................................................9 SECTION 2.9. Representations 2.9 Representations, Warranties and Warranties Covenants of the Depositor.................6 SECTION 2.10.Depositors.......................9

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 ...................................4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 Property.................4 SECTION 2.6. Declaration of Trust............................................5 ...........................................4 SECTION 2.7. Title to Owner Trust Property...................................6 No Liability of Certificateholder..............................5 SECTION 2.8. Situs of Owner Trust............................................6 Title to Trust Property........................................5 SECTION 2.9. Representations and Warranties Situs of the Depositor.................6 SECTION 2.10.Trust.................................................5

Purposes and Powers. 4 SECTION 2.4. 2.4 Appointment of Owner Trustee............................................................... 5 SECTION 2.5. Initial Capital Contribution 2.5 Contributions of Trust Estate.............................................. 5 SECTION 2.6. 2.6 Declaration of Trust............................................................................... 5 SECTION 2.7. 2.7 Transfer of Interest to _____________; Liability of GP Interest............................................ 6 SECTION 2.8 Title to Owner Trust Property................................................................... 6 SECTION 2.8. 2.9 Situs of Owner Trust..................................................................................... 6 SECTION 2.9. 2.10 Representations and Warranties of the Depositor.................6 SECTION 2.10.Seller........... 7

Purposes and Powers. 4 2 SECTION 2.4. Appointment of Owner Trustee....................................5 ...............................3 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...............3 SECTION 2.6. Declaration of Trust............................................5 .......................................3 SECTION 2.7. Title to Owner Trust Issuer Property...................................6 3 SECTION 2.8. Situs of Owner TrustIssuer............................................6 4 SECTION 2.9. Representations and Warranties of the Depositor.................6 ............4 SECTION 2.10.

Purposes and Powers. 4 SECTION 5 Section 2.4. Appointment of Owner Trustee....................................5 SECTION .....................6 Section 2.5. Initial Capital Contribution of Trust Estate....................5 SECTION ...................................6 Section 2.6. Declaration of Trust............................................5 SECTION .............................6 Section 2.7. Liability of Depositor as General Partner .......................................7 Section 2.8. Title to Owner Trust Property...................................6 SECTION 2.8..........................7 Section 2.9. Situs of Owner Trust............................................6 SECTION 2.9...................................7 Section 2.10. Representations and Warranties of the Depositor.................6 SECTION 2.10................................8 Section 2.11. Federal Income Tax Allocations................. 10 Section 2.12. Covenants of the General Partner................10 Section 2.13. Covenants of the Owners.........................12

Purposes and Powers. 4 5 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ...........................................................6 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 .....................................6 SECTION 2.6. 2.6 Declaration of Trust............................................5 ...................................................................6 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.

Purposes and Powers. 4 2 SECTION 2.4. Appointment of the Owner Trustee....................................5 ........................................ 2 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ............................ 2 SECTION 2.6. Declaration of Trust............................................5 .................................................... 2 SECTION 2.7. Title to Owner Trust Property...................................6 Organizational Expenses; Liabilities of the Holders..................... 3 SECTION 2.8. Situs of Owner Trust............................................6 Title to the Trust Estate............................................... 3 SECTION 2.9. Representations and Warranties of the Depositor.................6 Transferor........................ 3 SECTION 2.10.. Situs of Issuer......................................................... 4

Purposes and Powers. 4 1 SECTION 2.42.04. Appointment of Owner Eligible Lender Trustee....................................5 ......... 2 SECTION 2.52.05. Initial Capital Contribution of Trust Estate....................5 ............................. 2 SECTION 2.62.06. Declaration of Trust............................................5 ........................... 3 SECTION 2.72.07. Reserved....................................... 3 SECTION 2.08. Title to Owner Trust Property...................................6 ........................ 3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.92.09. Representations and Warranties of the Depositor.................6 Seller and the Company. .......... 3 SECTION 2.10.. Tax Treatment.................................. 5 SECTION 2.11. Liability of Noteholders....................... 5 ARTICLE III Ownership

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 ....................................................4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ....................................4 SECTION 2.6. Declaration of Trust........................................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 ...................................................5 SECTION 2.8. Situs of Owner Trust............................................6 ............................................................5 SECTION 2.9. Representations and Warranties of the Depositor.................6 .................................5 SECTION 2.10.. Liability of Certificateholder.................................................6

Purposes and Powers. 4 2 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ................................ 3 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 .................................................... 3 SECTION 2.6. 2.6 Declaration of Trust............................................5 ........................................ 3 SECTION 2.7. 2.7 Title to Owner Trust Issuer Property...................................6 .................................... 3 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 Issuer............................................. 3 SECTION 2.9. 2.9 Representations and Warranties of the Depositor.................6 ................................................. 4 SECTION 2.10.

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee....................................5 .................................6 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate....................5 .....................................................................6 SECTION 2.62.06. Declaration of Trust............................................5 .........................................6 SECTION 2.72.07. Liability of the Owners......................................6 SECTION 2.08. Title to Owner Trust Property...................................6 ......................................7 SECTION 2.82.09. Situs of Owner Trust............................................6 ...............................................7 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 Depositor and the Company.............................................7 SECTION 2.10.2.11. Federal Income Tax Allocns...................................9

Purposes and Powers. 4 6 SECTION 2.4. Appointment of Owner Trustee....................................5 ........... 6 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ................................. 7 SECTION 2.6. Declaration of Trust............................................5 ................... 7 SECTION 2.7. Title to Owner Trust Property...................................6 Liability of Depositor as General Partner................................ 7 SECTION 2.8. Title to Trust Property................ 8 SECTION 2.9. Situs of Owner Trust............................................6 ......................... 8 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 .............................. 8 SECTION 2.102.11. Federal Income Tax Allocations......... 10 SECTION 2.12. Covenants of the General Partner....... 11 SECTION 2.13. Covenants of the Owners................ 12 ARTICLE III.

Purposes and Powers. 4 6 SECTION 2.4. Appointment of Owner Trustee....................................5 ............................. 7 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ............. 7 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10...................................... 7

Purposes and Powers. 4 SECTION 2.42.04. Appointment of Owner Trustee.................................................................. 5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate............................ 5 SECTION 2.62.06. Declaration of Trust.................................................................................. 5 SECTION 2.72.07. Liability of Owners....................................... 6 SECTION 2.08. Title to Owner Trust Property...................................................................... 6 SECTION 2.82.09. Situs of Owner Trust........................................................................................ 6 SECTION 2.92.10. Representations and Warranties of the Depositor.................Depositor and Company............................................. 6 SECTION 2.10.ARTICLE III Trust Certificates and Transfer of Interests

Purposes and Powers. 4 1 SECTION 2.4. 2.4 Appointment of Owner Eligible Lender Trustee....................................5 ...................................2 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 .............................2 SECTION 2.6. 2.6 Declaration of Trust............................................5 .....................................................2 SECTION 2.7. 2.7 Liability of the Certificateholders......................................3 SECTION 2.8 Title to Owner Trust Property...................................6 ..................................................3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. 2.9 Representations and Warranties of the Depositor.................6 ..........................4 SECTION 2.10.2.10 Application of Trust Funds...............................................5 ARTICLE III

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 ...................................4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...................4 SECTION 2.6. Declaration of Trust.......................................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 ..................................5 SECTION 2.8. Situs of Owner Trust............................................6 ...........................................5 SECTION 2.9. Representations and Warranties of the Depositor.................6 ................5 SECTION 2.10.. Liability of Certificateholder................................6

Purposes and Powers. 4 1 SECTION 2.4. 2.4 Appointment of Owner Eligible Lender Trustee....................................5 .................................2 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 ...........................2 SECTION 2.6. 2.6 Declaration of Trust............................................5 ...................................................2 SECTION 2.7. 2.7 Liability of the Excess Distribution Certificateholder.................3 SECTION 2.8 Title to Owner Trust Property...................................6 ................................................3 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations 2.9 Representations, Warranties and Warranties Covenants of the Depositor.................6 .............3 SECTION 2.10.

Purposes and Powers. 4 2 SECTION 2.4. Appointment of the Owner Trustee....................................5 ...........................2 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...............3 SECTION 2.6. Declaration of Trust............................................5 .......................................3 SECTION 2.7. Title to Owner Trust Property...................................6 Organizational Expenses; Liabilities of the Holders........3 SECTION 2.8. Title to the Trust Property................................3 SECTION 2.9. Situs of Owner the Trust............................................6 .........................................3 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 ............4 SECTION 2.10.2.11. Federal Income Tax Allocations.............................5

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee.................................................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate...........................5 SECTION 2.6. Declaration of Trust...........................................................................5 SECTION 2.7. Title to Owner Trust Property...................................6 Liability of the Certificateholders................5 SECTION 2.8. Title to Trust Property............................5 SECTION 2.9. Situs of Owner Trust.................................................................................6 SECTION 2.92.10. Representations and Warranties of the Depositor....................6 SECTION 2.102.11.

Purposes and Powers. 4 5 SECTION 2.4. Appointment of Owner Trustee....................................5 .............................6 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 .............6 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10......................................6

Purposes and Powers. 4 2 SECTION 2.4. Appointment of Owner Trustee....................................5 ................ 3 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 Estate 3 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10......................... 3

Purposes and Powers. 4 5 SECTION 2.4. Appointment of Owner Trustee......................................................................5 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ..................6 SECTION 2.6. Declaration of Trust............................................5 SECTION 2.7. Title to Owner Trust Property...................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10...........................................6

Purposes and Powers. 4 SECTION 2.4. 2.04 Appointment of Owner Trustee...............................................................................5 SECTION 2.5. 2.05 Initial Capital Contribution of Owner Trust Estate.........................................5 SECTION 2.6. 2.06 Declaration of Trust...............................................................................................5 SECTION 2.7. 2.07 Liability of the Certificateholders, Depositor and Onyx................6 SECTION 2.08 Title to Owner Trust Property...................................................................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.2.09

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 Trustee ..................................4 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 Estate ..................4 SECTION 2.6. Declaration of Trust............................................Trust ..........................................5 SECTION 2.7. Title to Owner Trust Property...................................6 Property .................................5 SECTION 2.8. Situs of Owner Trust............................................6 Trust ..........................................5 SECTION 2.9. Representations and Warranties of the Depositor.................6 Depositor ...............5 SECTION 2.10.. Liability of Certificateholder ...............................6

Purposes and Powers. 4 SECTION 2.4. Appointment of Owner Trustee....................................5 ........................... 7 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 to the Trust.............. 7 SECTION 2.6. Declaration of Trust............................................5 ................................... 7 SECTION 2.7. Title to Owner Trust Property...................................6 Estate............................ 8 SECTION 2.8. Situs of Owner Trust............................................6 ......................................... 8 SECTION 2.9. Representations and Warranties of the Depositor.................6 Transferor....... 8 SECTION 2.10.. Covenants of the Certificateholders.................... 10 SECTION 2.11. Federal Income Tax Treatment of the Trust.............. 11 SECTION 2.12. Derivatives Contracts.................................. 14

Purposes and Powers. 4 5 SECTION 2.42.04. Appointment of Owner Trustee....................................5 ............................. 6 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate....................5 ....... 6 SECTION 2.62.06. Declaration of Trust............................................5 ..................................... 6 SECTION 2.72.07. Liability of the Companies............................... 6 SECTION 2.08. Title to Owner Trust Property...................................6 .................................. 7 SECTION 2.82.09. Situs of Owner Trust............................................6 ........................................... 7 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 Depositor and the Companies.............................................. 7 SECTION 2.10.2.11. Federal Income Tax Allocations........................... 9

Purposes and Powers. 4 5 SECTION 2.4. 2.04 Appointment of Owner Trustee....................................5 Trustee .................................................................... 6 SECTION 2.5. 2.05 Initial Capital Contribution of Owner Trust Estate....................5 Estate .............................................. 6 SECTION 2.6. 2.06 Declaration of Trust............................................5 Trust ............................................................................ 6 SECTION 2.7. 2.07 Liability of the Depositor and the Certificateholders ........................................... 7 SECTION 2.08 Title to Owner Trust Property...................................6 Property ......................................................................... 7 SECTION 2.8. 2.09 Situs of Owner Trust............................................6 Trust .................................................................................. 7 SECTION 2.9. 2.10 Representations and Warranties of the Depositor.................6 Depositor ................................................. 7 SECTION 2.10.2.11

Purposes and Powers. 4 6 SECTION 2.4. Appointment of Owner Trustee....................................5 ...............................................................6 SECTION 2.5. Initial Capital Contribution of Owner Trust Estate....................5 .........................................6 SECTION 2.6. Declaration of Trust............................................5 .......................................................................7 SECTION 2.7. Title to Owner Trust Property...................................6 Liability of the Holders...................................................................7 SECTION 2.8. Situs of Owner Trust............................................6 Title to Trust Property....................................................................7 SECTION 2.9. Representations and Warranties Situs of the Depositor.................6 SECTION 2.10.Trust.............................................................................8

Purposes and Powers. 4 3 SECTION 2.4. Appointment of Owner Trustee....................................5 ............................... 3 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ............... 3 SECTION 2.6. Declaration of Trust............................................5 ....................................... 3 SECTION 2.7. Title to Owner Trust Property...................................6 .................................... 3 SECTION 2.8. Situs of Owner Trust............................................6 ............................................. 3 SECTION 2.9. Representations and Warranties of the Depositor.................6 ............ 3 SECTION 2.10.. Covenants of the Certificateholder......................... 3 SECTION 2.11. Federal income tax treatment of the Trust.................. 3

Purposes and Powers. 4 SECTION 2.42.04. Appointment of Owner Trustee............................................................... 5 SECTION 2.52.05. Initial Capital Contribution of Owner Trust Estate................................................................... 5 SECTION 2.62.06. Declaration of Trust............................................................................... 5 SECTION 2.72.07. Liability of the Owners................................ 6 SECTION 2.08. Title to Owner Trust Property...................................6 ................................ 7 SECTION 2.82.09. Situs of Owner Trust............................................6 ......................................... 7 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 ............................................ 7 SECTION 2.10.2.11. Maintenance of the Demand Note......................... 8 SECTION 2.12. Federal Income Tax Provisions.......................... 8 ARTICLE III Trust Certificates and Transfer of Interests

Purposes and Powers. 4 6 SECTION 2.4. Appointment of Owner Trustee....................................5 ..............................6 SECTION 2.5. Initial Capital Contribution of Owner Trust Estate....................5 ..............................................7 SECTION 2.6. Declaration of Trust............................................5 ......................................7 SECTION 2.7. [RESERVED]................................................7 SECTION 2.8. Title to Owner Trust Property...................................6 7 SECTION 2.82.9. Situs of Owner Trust............................................6 7 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 ...........................................8 SECTION 2.10.2.11. Federal Income Tax Matters................................9

Purposes and Powers. 4 SECTION 2.4. 2.4 Appointment of Owner Trustee...................................................5 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate.....................................5 SECTION 2.6 Declaration of Trust.......................5 SECTION 2.7 Liability of the Transferor................5 SECTION 2.8 Title to Trust Property....................5 SECTION 2.6. Declaration 2.9 Situs of Trust............................................5 SECTION 2.7. Title to Owner Trust Property................................................................6 SECTION 2.8. Situs of Owner Trust............................................6 SECTION 2.9. 2.10 Representations and Warranties of the Depositor...................................................6 SECTION 2.10.2.11 Federal Income Taxes.......................7 SECTION 2.12 [Reserved].................................8 SECTION 2.13 Covenants of the Holders...................8

Purposes and Powers. 4 2 SECTION 2.4. Appointment of Owner Trustee....................................5 .......................2 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 .......2 SECTION 2.6. Declaration of Trust............................................5 ...............................3 SECTION 2.7. Title to Owner Trust Property...................................6 Organizational Expenses; Liabilities of the Holders ...........................................3 SECTION 2.8. Title to Issuer Property...........................3 SECTION 2.9. Situs of Owner Trust............................................6 Issuer....................................3 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 .......3 SECTION 2.10.2.11. Federal Income Tax Allocations....................4

Purposes and Powers. 4 2 SECTION 2.4. Appointment of the Owner Trustee....................................5 ...............................2 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 ...................2 SECTION 2.6. Declaration of Trust............................................5 ...........................................2 SECTION 2.7. Title to Owner Trust Property...................................6 Organizational Expenses; Liabilities of the Holders............3 SECTION 2.8. Situs of Owner Trust............................................6 Title to the Trust Property....................................3 SECTION 2.9. Representations and Warranties of the Depositor.................6 SECTION 2.10.Transferor...............3

Purposes and Powers. 4 6 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 . .............................7 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 .........7 SECTION 2.6. 2.6 Declaration of Trust............................................5 .......................................7 SECTION 2.7. 2.7 Title to Owner Trust Property...................................6 ....................................7 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 .............................................8 SECTION 2.9. 2.9 Representations and Warranties of the Depositor.................6 ............8 SECTION 2.10.2.10 Federal Income Tax Matters.................................9

Purposes and Powers. 4 2 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 ................................ 3 SECTION 2.5. 2.5 Initial Capital Contribution of Trust Estate....................5 ................................................. 3 SECTION 2.6. 2.6 Declaration of Trust............................................5 ........................................ 3 SECTION 2.7. 2.7 Title to Owner Trust Issuer Property...................................6 .................................... 3 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 Issuer............................................. 3 SECTION 2.9. 2.9 Representations and Warranties of the each Depositor.................6 .............................................. 4 SECTION 2.10.

Purposes and Powers. 4 5 SECTION 2.4. 2.4 Appointment of Owner Trustee....................................5 . ............................6 SECTION 2.5. 2.5 Initial Capital Contribution of Owner Trust Estate....................5 ........6 SECTION 2.6. 2.6 Declaration of Trust............................................5 ......................................6 SECTION 2.7. 2.7 Title to Owner Trust Property...................................6 7 SECTION 2.8. 2.8 Situs of Owner Trust............................................6 7 SECTION 2.9. 2.9 Representations and Warranties of the Depositor.................6 ...........7 SECTION 2.10.2.10 Federal Income Tax Matters................................8 SECTION 2.11 Characterization of the Trust.............................8

Purposes and Powers. 4 2 SECTION 2.4. Appointment of Owner Trustee....................................5 Trustee .................................. 3 SECTION 2.5. Initial Capital Contribution of Trust Estate....................5 Estate ............ 3 SECTION 2.6. Declaration of Trust............................................5 Trust .................................... 3 SECTION 2.7. Title to Owner Trust Property...................................6 Liability of the Certificateholders ..................... 4 SECTION 2.8. Title to Trust Property ................................. 4 SECTION 2.9. Situs of Owner Trust............................................6 Trust .......................................... 4 SECTION 2.92.10. Representations and Warranties of the Depositor.................6 CEF Holding ........... 4 SECTION 2.10.2.11. Federal Income Tax Allocations; Tax Treatment ........... 5