Common use of Repurchase upon Breach Clause in Contracts

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files.................................................................5 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 22 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ...........................22 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 .......................22 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ........................23 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ...........................23 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7......................23

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files.................................................................5 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................78

Repurchase upon Breach. 5 SECTION 2.4 19 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ...............................................20 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...........................................20 Section 3.05

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files....................................................................................................5 SECTION 2.5 Duties of Servicer as Custodian............................................................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................................................7 SECTION 2.7 Custodian's Indemnification....................................................................................................7 SECTION 2.8 Effective Period and Termination..........................................................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7......................................................8

Repurchase upon Breach. 5 SECTION 2.4 19 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ................................................................20 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................720 Section 3.05

Repurchase upon Breach. 5 2 SECTION 2.4 Custody of Receivable Files.................................................................5 3 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 4 SECTION 2.6 Instructions; Authority to Act..............................................................7 5 SECTION 2.7 Custodian's Indemnification.................................................................7 5 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................75

Repurchase upon Breach. 5 SECTION 2.4 24 Section 3.04. Custody of Receivable Files.................................................................5 SECTION 2.5 .............................................................24 Section 3.05. Duties of Servicer as Custodian.............................................................6 SECTION 2.6 .........................................................24 Section 3.06. Instructions; Authority to Act..............................................................7 SECTION 2.7 ..........................................................25 Section 3.07. Custodian's Indemnification.................................................................7 SECTION 2.8 .............................................................25 Section 3.08. Effective Period and Termination............................................................7 ........................................................26 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES

Repurchase upon Breach. 5 SECTION 12 Section 2.4 Custody of Receivable Files.................................................................5 SECTION ...........................................................12 Section 2.5 Duties of Servicer as Custodian.............................................................6 SECTION .......................................................13 Section 2.6 Instructions; Authority to Act..............................................................7 SECTION ........................................................14 Section 2.7 Custodian's Indemnification.................................................................7 SECTION ...........................................................14 Section 2.8 Effective Period and Termination............................................................7 ......................................................14 ARTICLE III - ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...................................14

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files....................................................................................................5 SECTION 2.5 Duties of Servicer as Custodian............................................................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................................................7 SECTION 2.7 Custodian's Indemnification....................................................................................................7 SECTION 2.8 Effective Period and Termination..........................................................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY....................................................................................7

Repurchase upon Breach. 5 SECTION 2.4 16 Section 3.04 Custody of Receivable Files.................................................................5 SECTION 2.5 ........................................................................17 Section 3.05 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ....................................................................17 Section 3.06 Instructions; Authority to Act..............................................................7 SECTION 2.7 .....................................................................18 Section 3.07 Custodian's Indemnification.................................................................7 SECTION 2.8 ........................................................................18 Section 3.08 Effective Period and Termination............................................................7 ...................................................................18 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7IV. Administration and Servicing of Receivables

Repurchase upon Breach. 5 20 SECTION 2.4 3.03. Custody of Receivable Files.................................................................5 ...........................................20 SECTION 2.5 3.04. Duties of Servicer as Custodian.............................................................6 .......................................20 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................73.05.

Repurchase upon Breach. 5 SECTION 2.4 28 Section 3.04. Custody of Receivable Files.................................................................5 SECTION 2.5 ....................................................................28 Section 3.05. Duties of Master Servicer as Custodian.............................................................6 SECTION 2.6 .........................................................28 Section 3.06. Instructions; Authority to Act..............................................................7 SECTION 2.7 .................................................................29 Section 3.07. Custodian's Indemnification.................................................................7 SECTION 2.8 ....................................................................29 Section 3.08. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...............................................................30

Repurchase upon Breach. 5 26 SECTION 2.4 Custody of Receivable Files.................................................................5 SECTION 2.5 3.03 Duties of Servicer as Custodian.............................................................6 ...................................................... 26 SECTION 2.6 3.04 Instructions; Authority to To Act..............................................................7 ....................................................... 27 SECTION 2.7 3.05 Custodian's Indemnification.................................................................7 .......................................................... 27 SECTION 2.8 3.06 Effective Period and Termination............................................................7 ARTICLE III ..................................................... 27 ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES

Repurchase upon Breach. 5 19 SECTION 2.4 7.03 Custody of Receivable Files.................................................................5 ..................................... 19 SECTION 2.5 7.04 Duties of Servicer as Custodian.............................................................6 ................................. 19 SECTION 2.6 7.05 Instructions; Authority to Act..............................................................7 .................................. 20 SECTION 2.7 7.06 Custodian's Indemnification.................................................................7 ..................................... 20 SECTION 2.8 7.07 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION ................................ 20 TRUST AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7AGREEMENT

Repurchase upon Breach. 5 SECTION 2.4 19 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ...............................20 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...........................20 Section 3.05

Repurchase upon Breach. 5 7 SECTION 2.4 Custody of Receivable Files.................................................................5 ...................................................7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ...............................................8 SECTION 2.6 Instructions; Authority to Act..............................................................7 ................................................9 SECTION 2.7 Custodian's Indemnification.................................................................7 ...................................................9 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.............................................10

Repurchase upon Breach. 5 SECTION 2.4 20 Section 12.05 Custody of Receivable Files.................................................................5 SECTION 2.5 ..................................................................20 Section 12.06 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ..............................................................20 Section 12.07 Instructions; Authority to Act..............................................................7 SECTION 2.7 ...............................................................21 Section 12.08 Custodian's Indemnification.................................................................7 SECTION 2.8 ..................................................................21 Section 12.09 Effective Period and Termination............................................................7 .............................................................21 ARTICLE III XIII ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES

Repurchase upon Breach. 5 20 SECTION 2.4 3.03. Custody of Receivable Files.................................................................5 .............................................................20 SECTION 2.5 3.04. Duties of Servicer as Custodian.............................................................6 .........................................................21 SECTION 2.6 3.05. Instructions; Authority to To Act..............................................................7 ..........................................................21 SECTION 2.7 3.06. Custodian's Indemnification.................................................................7 .............................................................21 SECTION 2.8 3.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7........................................................22

Repurchase upon Breach. 5 SECTION 2.4 20 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ................................................................ 21 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ............................................................ 21 Section 3.05 Instructions; Authority to To Act..............................................................7 SECTION 2.7 ............................................................. 22 Section 3.06 Custodian's Indemnification.................................................................7 SECTION 2.8 ................................................................ 22 Section 3.07 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7........................................................... 22

Repurchase upon Breach. 5 SECTION 2.4 19 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 .............................20 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.........................20 Section 3.05

Repurchase upon Breach. 5 23 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ..........................23 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 ......................24 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 .......................24 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ..........................24 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.....................24

Repurchase upon Breach. 5 SECTION 2.4 21 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ................................................................21 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ............................................................22 Section 3.05 Instructions; Authority to To Act..............................................................7 SECTION 2.7 .............................................................22 Section 3.06 Custodian's Indemnification.................................................................7 SECTION 2.8 ................................................................22 Section 3.07 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...........................................................23

Repurchase upon Breach. 5 6 SECTION 2.4 Custody of Receivable Files.................................................................5 7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 8 SECTION 2.6 Instructions; Authority to Act..............................................................7 9 SECTION 2.7 Custodian's Indemnification.................................................................7 9 SECTION 2.8 Effective Period and Termination............................................................7 9 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7III

Repurchase upon Breach. 5 SECTION 2.4 28 Section 3.04. Custody of Receivable Files.................................................................5 SECTION 2.5 ................................................28 Section 3.05. Duties of Master Servicer as Custodian.............................................................6 SECTION 2.6 .....................................28 Section 3.06. Instructions; Authority to Act..............................................................7 SECTION 2.7 .............................................29 Section 3.07. Custodian's Indemnification.................................................................7 SECTION 2.8 ................................................29 Section 3.08. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...........................................30

Repurchase upon Breach. 5 28 SECTION 2.4 3.3. Custody of Receivable Files.................................................................5 .................................. 29 SECTION 2.5 3.4. Duties of Servicer as Custodian.............................................................6 .............................. 29 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 ............................... 30 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 .................................. 30 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ............................. 31 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7IV Administration and Servicing of Receivables SECTION 4.1.

Repurchase upon Breach. 5 26 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ..................................27 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 ..............................28 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ...............................28 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ..................................28 SECTION 2.8 7.07. Effective Period and Termination............................................................7 .............................29 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7VIII Administration and Servicing of Receivables...................29

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files....................................................................................................5 SECTION 2.5 Duties of Servicer as Custodian............................................................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................................................7 SECTION 2.7 Custodian's Indemnification....................................................................................................7 SECTION 2.8 Effective Period and Termination..........................................................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 26 SECTION 2.4 Custody of Receivable Files.................................................................5 ....................................27 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ................................28 SECTION 2.6 Instructions; Authority to Act..............................................................7 .................................29 SECTION 2.7 Custodian's Indemnification.................................................................7 ....................................29 SECTION 2.8 Effective Period and Termination............................................................7 ...............................29 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 19 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 .............................20 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 .........................20 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ..........................21 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 .............................21 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7........................21

Repurchase upon Breach. 5 2 SECTION 2.4 Custody of Receivable Files.................................................................5 ..................................3 SECTION 2.5 Duties of Master Servicer as Custodian.............................................................6 .......................3 SECTION 2.6 Instructions; Authority to Act..............................................................7 ...............................4 SECTION 2.7 Custodian's Indemnification.................................................................7 ..................................4 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.............................5

Repurchase upon Breach. 5 7 SECTION 2.4 Custody of Receivable Files.................................................................5 ..................................8 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ..............................9 SECTION 2.6 Instructions; Authority to Act..............................................................7 ...............................10 SECTION 2.7 Custodian's Indemnification.................................................................7 ..................................10 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.............................11

Repurchase upon Breach. 5 SECTION 2.4 25 Section 2.5 Custody of Receivable Files.................................................................5 SECTION 2.5 ....................................25 Section 2.6 Duties of the Servicer as Custodian.............................................................6 SECTION 2.6 ............................26 Section 2.7 Instructions; Authority to Act..............................................................7 SECTION 2.7 .................................27 Section 2.8 Custodian's Indemnification.................................................................7 SECTION 2.8 ....................................27 Section 2.9 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...............................27

Repurchase upon Breach. 5 7 SECTION 2.4 Custody of Receivable Files.................................................................5 .......................................................8 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ...................................................9 SECTION 2.6 Instructions; Authority to Act..............................................................7 ...................................................10 SECTION 2.7 Custodian's Indemnification.................................................................7 ......................................................10 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.................................................11

Repurchase upon Breach. 5 SECTION 2.4 24 Section 3.03. Custody of Receivable Files.................................................................5 SECTION 2.5 ....................................25 Section 3.04. Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ................................25 Section 3.05. Instructions; Authority to Act..............................................................7 SECTION 2.7 .................................26 Section 3.06. Custodian's Indemnification.................................................................7 SECTION 2.8 ....................................26 Section 3.07. Effective Period and Termination............................................................7 ...............................26 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES

Repurchase upon Breach. 5 SECTION 2.4 18 Section 2.05 Custody of Receivable Files.................................................................5 SECTION 2.5 .......................................................18 Section 2.06 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ...................................................18 Section 2.07 Instructions; Authority to Act..............................................................7 SECTION 2.7 ....................................................19 Section 2.08 Custodian's Indemnification.................................................................7 SECTION 2.8 .......................................................19 Section 2.09 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7..................................................20

Repurchase upon Breach. 5 23 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 .................................23 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 .............................24 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ..............................24 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 .................................24 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ............................25 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7VIII Administration and Servicing of Receivables.................25

Repurchase upon Breach. 5 22 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ............................................... 22 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 ........................................... 23 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ............................................ 24 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ............................................... 24 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.......................................... 24

Repurchase upon Breach. 5 SECTION 8 Section 2.4 Custody of Receivable Files.................................................................5 SECTION ............................................................8 Section 2.5 Duties of Servicer as Custodian.............................................................6 SECTION ........................................................9 Section 2.6 Instructions; Authority to Act..............................................................7 SECTION ........................................................10 Section 2.7 Custodian's Indemnification.................................................................7 SECTION ...........................................................10 Section 2.8 Effective Period and Termination............................................................7 ......................................................10 ARTICLE III - ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7PROPERTY 10

Repurchase upon Breach. 5 27 SECTION 2.4 3.04. Delivery and Possession of Servicing Files; Custody of Receivable Mortgage Files.................................................................5 ; Review of Mortgage Files .................................................................... 27 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 3.05. Instructions; Authority to Act..............................................................7 ..................................................... 30 SECTION 2.7 3.06. Custodian's Indemnification.................................................................7 ........................................................ 30 SECTION 2.8 3.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7................................................... 31 SECTION 3.08. Delivery of the Mortgage Files to the Servicer or Special Servicer................. 31

Repurchase upon Breach. 5 24 SECTION 2.4 3.2. Custody of Receivable Files.................................................................5 ....................................24 SECTION 2.5 3.3. Duties of Servicer as Custodian.............................................................6 ................................25 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 .................................25 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 ....................................26 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...............................26

Repurchase upon Breach. 5 23 SECTION 2.4 3.3. Custody of Receivable Receivables Files.................................................................5 ................................................ 23 SECTION 2.5 3.4. Duties of Servicer as Custodian.............................................................6 ......................................................... 23 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period 3.5. Retention and Termination............................................................7 Termination of Servicer....................................... 23 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES...................................... 24

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files....................................................................................................5 SECTION 2.5 Duties of Servicer as Custodian............................................................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................................................7 SECTION 2.7 Custodian's Indemnification....................................................................................................7 SECTION 2.8 Effective Period and Termination..........................................................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................................................7

Repurchase upon Breach. 5 21 SECTION 2.4 2.4. Custody of Receivable Files.................................................................5 .................................22 SECTION 2.5 2.5. Duties of Servicer as Custodian.............................................................6 .............................22 SECTION 2.6 2.6. Instructions; Authority to To Act..............................................................7 ..............................23 SECTION 2.7 2.7. Custodian's Indemnification.................................................................7 .................................23 SECTION 2.8 2.8. Effective Period and Termination............................................................7 ............................24 ARTICLE III III. ADMINISTRATION AND SERVICING OF RECEIVABLES AND THE TRUST PROPERTY..............................7

Repurchase upon Breach. 5 SECTION 2.4 12.04. Custody of Receivable Files.................................................................5 .......................................................... SECTION 2.5 12.05. Duties of Servicer as Custodian.............................................................6 ....................................................... SECTION 2.6 12.06. Instructions; Authority to Act..............................................................7 ....................................................... SECTION 2.7 12.07. Custodian's Indemnification.................................................................7 .......................................................... SECTION 2.8 12.08. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7Termination ....................................................

Repurchase upon Breach. 5 SECTION 12 Section 2.4 Custody of Receivable Files.................................................................5 SECTION ........................12 Section 2.5 Duties of Servicer as Custodian.............................................................6 SECTION ....................13 Section 2.6 Instructions; Authority to Act..............................................................7 SECTION .....................13 Section 2.7 Custodian's Indemnification.................................................................7 SECTION ........................14 Section 2.8 Effective Period and Termination............................................................7 ...................14 ARTICLE III - ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7PROPERTY 14

Repurchase upon Breach. 5 17 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ...........................18 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 .......................18 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ........................19 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ...........................19 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7......................19

Repurchase upon Breach. 5 7 SECTION 2.4 3.3. Custody of Receivable Files.................................................................5 ...........................8 SECTION 2.5 3.4. Duties of Servicer as Custodian.............................................................6 .......................8 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 ........................9 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 ...........................9 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7......................9

Repurchase upon Breach. 5 18 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ...........................18 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 .......................18 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ........................19 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ...........................19 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7......................19

Repurchase upon Breach. 5 25 SECTION 2.4 Custody of Receivable Files.................................................................5 .................................... 26 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ................................ 26 SECTION 2.6 Instructions; Authority to Act..............................................................7 ................................. 28 SECTION 2.7 Indemnification of the Custodian's Indemnification.................................................................7 ............................... 28 SECTION 2.8 Effective Period and Termination............................................................7 ............................... 29 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND OTHER TRUST PROPERTY..............................7

Repurchase upon Breach. 5 13 SECTION 2.4 3.3. Custody of Receivable Of Receivables Files.................................................................5 ................................................ 13 SECTION 2.5 3.4. Duties of Of Servicer as As Custodian.............................................................6 ............................................. 14 SECTION 2.6 Instructions; 3.5. Instructions And Authority to To Act..............................................................7 ........................................... 15 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 3.6. Effective Period and And Termination............................................................7 ............................................ 15 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES...................................... 16

Repurchase upon Breach. 5 21 SECTION 2.4 3.04. Custody of Receivable Files.................................................................5 ...........................22 SECTION 2.5 3.05. Duties of Servicer as Custodian.............................................................6 .......................22 SECTION 2.6 3.06. Instructions; Authority to Act..............................................................7 ........................23 SECTION 2.7 3.07. Custodian's Indemnification.................................................................7 ...........................23 SECTION 2.8 3.08. Effective Period and Termination............................................................7 ......................23 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES

Repurchase upon Breach. 5 SECTION 2.4 18 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 .....................................................19 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.................................................19

Repurchase upon Breach. 5 23 SECTION 2.4 3.3 Custody of Receivable Files.................................................................5 .............................23 SECTION 2.5 3.4 Duties of Servicer as Custodian.............................................................6 .........................24 SECTION 2.6 3.5 Instructions; Authority to To Act..............................................................7 ..........................24 SECTION 2.7 3.6 Custodian's Indemnification.................................................................7 .............................25 SECTION 2.8 3.7 Effective Period and Termination............................................................7 ........................25 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................74. Administration and Servicing of Receivables

Repurchase upon Breach. 5 SECTION 2.4 17 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ............................18 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ........................18 Section 3.05 Instructions; Authority to To Act..............................................................7 SECTION 2.7 ........................19 Section 3.06 Custodian's Indemnification.................................................................7 SECTION 2.8 ............................19 Section 3.07 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.......................19

Repurchase upon Breach. 5 7 SECTION 2.4 3.3. Custody of Receivable Files.................................................................5 ................................8 SECTION 2.5 3.4. Duties of Servicer as Custodian.............................................................6 ............................9 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 .............................9 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 ................................9 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ..........................10 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES.....................10

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files....................................................................................................5 SECTION 2.5 Duties of Servicer as Custodian............................................................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 ................................6 SECTION 2.7 Custodian's Indemnification....................................................................................................7 SECTION 2.8 Effective Period and Termination..........................................................................................7 ARTICLE III III. ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 SECTION 34 Section 2.4 Custody of Receivable Files.................................................................5 SECTION ...........................................................34 Section 2.5 Duties of Servicer as Custodian.............................................................6 SECTION .......................................................35 Section 2.6 Instructions; Authority to Act..............................................................7 SECTION ........................................................36 Section 2.7 Custodian's Indemnification.................................................................7 SECTION ...........................................................36 Section 2.8 Effective Period and Termination............................................................7 ......................................................37 ARTICLE III - ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7PROPERTY 37

Repurchase upon Breach. 5 12 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ..............................12 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 ..........................13 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ...........................13 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 .............................13 SECTION 2.8 7.07. Effective Period and Termination............................................................7 .........................13 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7VIII Administration and Servicing of Receivables.....................14

Repurchase upon Breach. 5 7 SECTION 2.4 Custody of Receivable Files.................................................................5 .............................................................8 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 .........................................................9 SECTION 2.6 Instructions; Authority to Act..............................................................7 .........................................................10 SECTION 2.7 Custodian's Indemnification.................................................................7 ............................................................10 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.......................................................11

Repurchase upon Breach. 5 6 SECTION 2.4 Custody of Receivable Files.................................................................5 ....................................................7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ................................................8 SECTION 2.6 Instructions; Authority to Act..............................................................7 .................................................9 SECTION 2.7 Custodian's Indemnification.................................................................7 ....................................................9 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...............................................9

Repurchase upon Breach. 5 SECTION 2.4 18 Section 3.04. Custody of Receivable Files.................................................................5 SECTION 2.5 ...............................18 Section 3.05. Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ...........................19 Section 3.06. Instructions; Authority to Act..............................................................7 SECTION 2.7 ............................19 Section 3.07. Custodian's Indemnification.................................................................7 SECTION 2.8 ...............................19 Section 3.08. Effective Period and Termination............................................................7 ..........................20 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES....................20

Repurchase upon Breach. 5 SECTION 2.4 15 Section 3.04 Custody of Receivable Files.................................................................5 SECTION 2.5 ........................16 Section 3.05 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ....................16 Section 3.06 Instructions; Authority to Act..............................................................7 SECTION 2.7 .....................17 Section 3.07 Custodian's Indemnification.................................................................7 SECTION 2.8 ........................17 Section 3.08 Effective Period and Termination............................................................7 ...................17 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7IV. Administration and Servicing of Receivables

Repurchase upon Breach. 5 30 SECTION 2.4 3.3 Custody of Receivable Receivables Files.................................................................5 .......................... 31 SECTION 2.5 3.4 Duties of Servicer as Custodian.............................................................6 ....................... 32 SECTION 2.6 3.5 Instructions; Authority to To Act..............................................................7 ........................ 33 SECTION 2.7 3.6 Custodian's Indemnification.................................................................7 ........................... 33 SECTION 2.8 3.7 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...................... 34

Repurchase upon Breach. 5 7 SECTION 2.4 3.3. Custody of Receivable Files.................................................................5 ...........................8 SECTION 2.5 3.4. Duties of Servicer as Custodian.............................................................6 .......................8 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 ........................9 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 ...........................9 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ......................9 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7IV Administration and Servicing of Receivables.................................10

Repurchase upon Breach. 5 SECTION 2.4 22 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ................................................................22 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ............................................................22 Section 3.05 Instructions; Authority to To Act..............................................................7 SECTION 2.7 .............................................................23 Section 3.06 Custodian's Indemnification.................................................................7 SECTION 2.8 ................................................................23 Section 3.07 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...........................................................23

Repurchase upon Breach. 5 SECTION 2.4 11 Section 4.3 Custody of Receivable Receivables Files.................................................................5 SECTION 2.5 ........................................................12 Section 4.4 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 With Respect to Receivable Files.................................15 Section 4.5 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination......................................................16 ARTICLE IV-A THE ASSET BACKED SECURITIES............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................716

Repurchase upon Breach. 5 SECTION 2.4 18 Section 2.05 Custody of Receivable Files.................................................................5 SECTION 2.5 .......................................................18 Section 2.06 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ...................................................18 Section 2.07 Instructions; Authority to Act..............................................................7 SECTION 2.7 ....................................................19 Section 2.08 Custodian's Indemnification.................................................................7 SECTION 2.8 .......................................................19 Section 2.09 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7..................................................19

Repurchase upon Breach. 5 22 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ....................................23 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 ................................23 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 .................................24 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ....................................24 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ...............................24 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7VIII Administration and Servicing of Receivables.....................25

Repurchase upon Breach. 5 SECTION 2.4 25 Section 3.04. Custody of Receivable Files.................................................................5 SECTION 2.5 .................................25 Section 3.05. Duties of Servicer as Custodian.............................................................6 SECTION 2.6 .............................25 Section 3.06. Instructions; Authority to Act..............................................................7 SECTION 2.7 ..............................26 Section 3.07. Custodian's Indemnification.................................................................7 SECTION 2.8 .................................26 Section 3.08. Effective Period and Termination............................................................7 ............................27 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES

Repurchase upon Breach. 5 SECTION 2.4 27 Section 3.04 Custody of Receivable Files.................................................................5 SECTION 2.5 ....................................................................28 Section 3.05 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ................................................................28 Section 3.06 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 30 Section 3.07 [Intentionally Omitted]........................................................................30 Section 3.08 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...............................................................30

Repurchase upon Breach. 5 SECTION 8 Section 2.4 Custody of Receivable Files.................................................................5 SECTION ............................................................8 Section 2.5 Duties of Servicer as Custodian.............................................................6 SECTION ........................................................9 Section 2.6 Instructions; Authority to Act..............................................................7 SECTION ........................................................10 Section 2.7 Custodian's Indemnification.................................................................7 SECTION ...........................................................10 Section 2.8 Effective Period and Termination............................................................7 ......................................................10 Section 2.9 Authorization to File Financing Statements............................................10 ARTICLE III - ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...................................11

Repurchase upon Breach. 5 20 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 Files .................. 21 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 Custodian .............. 21 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 Act ............... 22 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 Indemnification .................. 22 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7Termination ............. 22

Repurchase upon Breach. 5 SECTION 13 Section 2.4 Custody of Receivable Files.................................................................5 SECTION ...........................................................14 Section 2.5 Duties of Servicer as Custodian.............................................................6 SECTION .......................................................15 Section 2.6 Instructions; Authority to Act..............................................................7 SECTION ........................................................15 Section 2.7 Custodian's Indemnification.................................................................7 SECTION ...........................................................16 Section 2.8 Effective Period and Termination............................................................7 ......................................................16 ARTICLE III - ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...................................16

Repurchase upon Breach. 5 13 SECTION 2.4 3.3. Custody of Receivable Receivables Files.................................................................5 ................................................ 13 SECTION 2.5 3.4. Duties of Of Servicer as As Custodian.............................................................6 ............................................. 14 SECTION 2.6 Instructions; 3.5. Instructions and Authority to Act..............................................................7 ........................................... 15 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 3.6. Effective Period and And Termination............................................................7 ............................................ 15 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES.......................................... 16

Repurchase upon Breach. 5 19 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ...........................19 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 .......................20 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ........................20 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ...........................20 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7......................21

Repurchase upon Breach. 5 20 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ...........................20 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 .......................20 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ........................21 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ...........................21 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ......................22 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7VIII

Repurchase upon Breach. 5 6 SECTION 2.4 Custody of Receivable Files.................................................................5 ...................................................7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ...............................................8 SECTION 2.6 Instructions; Authority to Act..............................................................7 ................................................9 SECTION 2.7 Custodian's Indemnification.................................................................7 ...................................................9 SECTION 2.8 Effective Period and Termination............................................................7 .............................................10 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 20 SECTION 2.4 3.03. Custody of Receivable Files.................................................................5 ...............................20 SECTION 2.5 3.04. Duties of Servicer as Custodian.............................................................6 ...........................21 SECTION 2.6 3.05. Instructions; Authority to To Act..............................................................7 ............................21 SECTION 2.7 3.06. Custodian's Indemnification.................................................................7 ...............................21 SECTION 2.8 3.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7..........................22

Repurchase upon Breach. 5 20 SECTION 2.4 7.03 Custody of Receivable Files.................................................................5 .................................................. 20 SECTION 2.5 7.04 Duties of Servicer as Custodian.............................................................6 .............................................. 21 SECTION 2.6 7.05 Instructions; Authority to Act..............................................................7 ............................................... 21 SECTION 2.7 7.06 Custodian's Indemnification.................................................................7 .................................................. 22 SECTION 2.8 7.07 Effective Period and Termination............................................................7 ............................................. 22 ARTICLE III VIII ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES................................................ 22

Repurchase upon Breach. 5 SECTION 9 Section 2.4 Custody of Receivable Files.................................................................5 SECTION ............................................................9 Section 2.5 Duties of Servicer as Custodian.............................................................6 SECTION .......................................................10 Section 2.6 Instructions; Authority to Act..............................................................7 SECTION ........................................................11 Section 2.7 Custodian's Indemnification.................................................................7 SECTION ...........................................................11 Section 2.8 Effective Period and Termination............................................................7 ......................................................12 ARTICLE III - ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 6 SECTION 2.4 Custody of Receivable Files.................................................................5 .............................. 7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 .......................... 8 SECTION 2.6 Instructions; Authority to Act..............................................................7 ........................... 9 SECTION 2.7 Custodian's Indemnification.................................................................7 .............................. 9 SECTION 2.8 Effective Period and Termination............................................................7 ......................... 9 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7III

Repurchase upon Breach. 5 7 SECTION 2.4 3.3. Custody of Receivable Files.................................................................5 ..................................8 SECTION 2.5 3.4. Duties of Servicer as Custodian.............................................................6 ..............................8 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 ...............................9 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 ..................................9 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.............................9

Repurchase upon Breach. 5 7 SECTION 2.4 Custody of Receivable Files.................................................................5 ....................................................7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ................................................8 SECTION 2.6 Instructions; Authority to Act..............................................................7 .................................................9 SECTION 2.7 Custodian's Indemnification.................................................................7 ....................................................9 SECTION 2.8 Effective Period and Termination............................................................7 ..............................................10 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7III

Repurchase upon Breach. 5 20 SECTION 2.4 3.03. Custody of Receivable Files.................................................................5 ................................20 SECTION 2.5 3.04. Duties of Servicer as Custodian.............................................................6 ............................21 SECTION 2.6 3.05. Instructions; Authority to To Act..............................................................7 .............................21 SECTION 2.7 3.06. Custodian's Indemnification.................................................................7 ................................21 SECTION 2.8 3.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...........................22

Repurchase upon Breach. 5 25 SECTION 2.4 3.2. Custody of Receivable Files.................................................................5 ................................26 SECTION 2.5 3.3. Duties of Servicer as Custodian.............................................................6 ............................26 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 .............................27 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 ................................27 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ...........................27 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7IV Administration and Servicing of Receivables

Repurchase upon Breach. 5 SECTION 2.4 32 Section 3.04 Custody of Receivable Files.................................................................5 SECTION 2.5 ....................................................................33 Section 3.05 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ................................................................33 Section 3.06 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 35 Section 3.07 [Intentionally Omitted]........................................................................35 Section 3.08 Effective Period and Termination............................................................7 ...............................................................35 ARTICLE III ADMINISTRATION AND IV SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES

Repurchase upon Breach. 5 SECTION 2.4 19 Section 3.03 Custody of Receivable Files.................................................................5 SECTION 2.5 ...............................................................................20 Section 3.04 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7...........................................................................20 Section 3.05

Repurchase upon Breach. 5 11 SECTION 2.4 Custody of Receivable Files.................................................................5 .....................................11 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 .................................12 SECTION 2.6 Instructions; Authority to Act..............................................................7 ..................................13 SECTION 2.7 Custodian's Indemnification.................................................................7 .....................................13 SECTION 2.8 Effective Period and Termination............................................................7 ................................13 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7III

Repurchase upon Breach. 5 16 SECTION 2.4 7.03. Custody of Receivable Files.................................................................5 ..............................................................17 SECTION 2.5 7.04. Duties of Servicer as Custodian.............................................................6 ..........................................................17 SECTION 2.6 7.05. Instructions; Authority to Act..............................................................7 ...........................................................18 SECTION 2.7 7.06. Custodian's Indemnification.................................................................7 ..............................................................18 SECTION 2.8 7.07. Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7.........................................................18

Repurchase upon Breach. 5 6 SECTION 2.4 Custody of Receivable Files.................................................................5 ....................................................7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ................................................8 SECTION 2.6 Instructions; Authority to Act..............................................................7 .................................................9 SECTION 2.7 Custodian's Indemnification.................................................................7 ....................................................9 SECTION 2.8 Effective Period and Termination............................................................7 ...............................................9 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7III

Repurchase upon Breach. 5 20 SECTION 2.4 3.03. Custody of Receivable Files.................................................................5 ...........................................................20 SECTION 2.5 3.04. Duties of Servicer as Custodian.............................................................6 .......................................................20 SECTION 2.6 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................73.05.

Repurchase upon Breach. 5 SECTION 2.4 Custody of Receivable Files.................................................................5 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 SECTION 2.6 Instructions; Authority to Act..............................................................7 6 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III III. ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 35 SECTION 2.4 Custody of Receivable Files.................................................................5 ......................................35 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 ..................................36 SECTION 2.6 Instructions; Authority to Act..............................................................7 ...................................37 SECTION 2.7 Custodian's Indemnification.................................................................7 ......................................38 SECTION 2.8 Effective Period and Termination............................................................7 .................................38 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 27 SECTION 2.4 7.03 Custody of Receivable Files.................................................................5 .................................. 27 SECTION 2.5 7.04 Duties of Servicer as Custodian.............................................................6 Custodian on behalf of the Trust....... 28 SECTION 2.6 7.05 Instructions; Authority to Act..............................................................7 SECTION 2.7 Custodian's Indemnification.................................................................7 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7............................... 28

Repurchase upon Breach. 5 SECTION 2.4 21 Section 3.04. Custody of Receivable Files.................................................................5 SECTION 2.5 ...............................................................21 Section 3.05. Duties of Servicer as Custodian.............................................................6 SECTION 2.6 ...........................................................22 Section 3.06. Instructions; Authority to Act..............................................................7 SECTION 2.7 ............................................................22 Section 3.07. Custodian's Indemnification.................................................................7 SECTION 2.8 ...............................................................22 Section 3.08. Effective Period and Termination............................................................7 ..........................................................23 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES...................................................................23

Repurchase upon Breach. 5 28 SECTION 2.4 Custody of Receivable Files.................................................................5 .....................................29 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 .................................29 SECTION 2.6 Instructions; Authority to Act..............................................................7 ..................................31 SECTION 2.7 Custodian's Indemnification.................................................................7 .....................................31 SECTION 2.8 Effective Period and Termination............................................................7 ................................31 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 6 SECTION 2.4 Custody of Receivable Files.................................................................5 7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 8 SECTION 2.6 Instructions; Authority to Act..............................................................7 9 SECTION 2.7 Custodian's Indemnification.................................................................7 9 SECTION 2.8 Effective Period and Termination............................................................7 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................79

Repurchase upon Breach. 5 6 SECTION 2.4 Custody of Receivable Files.................................................................5 7 SECTION 2.5 Duties of Servicer as Custodian.............................................................6 8 SECTION 2.6 Instructions; Authority to Act..............................................................7 9 SECTION 2.7 Custodian's Indemnification.................................................................7 9 SECTION 2.8 Effective Period and Termination............................................................7 9 ARTICLE III ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7

Repurchase upon Breach. 5 39 SECTION 2.4 3.3. Custody of Receivable Files.................................................................5 ................40 SECTION 2.5 3.4. Duties of Servicer as Custodian.............................................................6 ............40 SECTION 2.6 3.5. Instructions; Authority to To Act..............................................................7 .............42 SECTION 2.7 3.6. Custodian's Indemnification.................................................................7 ................42 SECTION 2.8 3.7. Effective Period and Termination............................................................7 ...........42 ARTICLE III IV ADMINISTRATION AND SERVICING OF RECEIVABLES AND TRUST PROPERTY..............................7RECEIVABLES