Common use of Series Terms Clause in Contracts

Series Terms. This Series shall be included in Group One as a Variable Accumulation Series and as a Principal Sharing Series that is not subordinated to any other Series; provided, however, that if this Series is an Extendable Series, such Series shall also be a Subordinated Excess Principal Series. Title of Securities $400,000,000 Floating Rate Class A Asset Backed Certificates, Series 1996-3 (the "Class A Certificates") and $55,000,000 Floating Rate Class B Asset Backed Certificates, Series 1996-3 (the "Class B Certificates) Extendable Series Yes Prefunded Series No Class A Initial Investor Amount $400,000,000 Class B Initial Investor Amount $55,000,000 Collateral Initial Investor Amount $45,000,000 Initial Prefunded Amount Not applicable Required Funding Percentage Not applicable Funding Dates Not applicable Initial Funding Date Not applicable Final Funding Date Not applicable

Series Terms. This Series shall be included in Group One as a Variable Accumulation Series and as a Principal Sharing Series that is not subordinated to any other Series; provided, however, that if this Series is an Extendable Series, such Series shall also be a Subordinated Excess Principal Series. Title of Securities $400,000,000 600,000,000 Floating Rate Class A Asset Backed Certificates, Series 1996-3 2 (the "Class A Certificates") and $55,000,000 82,500,000 Floating Rate Class B Asset Backed Certificates, Series 1996-3 2 (the "Class B Certificates) Extendable Series Yes No Prefunded Series No Class A Initial Investor Amount $400,000,000 600,000,000 Class B Initial Investor Amount $55,000,000 82,500,000 Collateral Initial Investor Amount $45,000,000 67,500,000 Initial Prefunded Amount Not applicable Required Funding Percentage Not applicable Funding Dates Not applicable Initial Funding Date Not applicable Final Funding Date Not applicable