Common use of The Corridor Contracts Clause in Contracts

The Corridor Contracts. The Seller shall assign all of its right, title and interest in and to the interest rate cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreements. The Corridor Contracts will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the Corridor Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C Certificateholder.

The Corridor Contracts. The Seller shall assign all of its right, title and interest in and to the interest rate cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the Corridor Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap related Corridor Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C Certificateholder.

The Corridor Contracts. CHL shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets an asset of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the TrusteeTrustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall prepare and deliver any notices required to be delivered under provide the Corridor ContractsContract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master Servicer, on behalf of the Trustee, Trustee shall act as calculation agent and/or shall terminate direct the Corridor Contracts, in each case Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On the related each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class C CertificateholderAF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. CHL shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee’s rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets an asset of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the TrusteeTrustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall prepare and deliver any notices required to be delivered under provide the Corridor ContractsContract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master Servicer, on behalf of the Trustee, Trustee shall act as calculation agent and/or shall terminate direct the Corridor Contracts, in each case Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(d) on the Distribution Dates following such termination to and including the Cap Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.07 until such Corridor Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsNovation Agreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the each Corridor ContractsContract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(b) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On the related each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of such Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the each Corridor ContractsContract. 103 The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) on the Distribution Dates following such termination to and including the Cap Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.08(c) until the Corridor Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of a Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. CHL shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets an asset of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the TrusteeTrustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall prepare and deliver any notices required to be delivered under provide the Corridor ContractsContract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master Servicer, on behalf of the Trustee, Trustee shall act as calculation agent and/or shall terminate direct the Corridor Contracts, in each case Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(d) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On the related each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the each Corridor ContractsContract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On the related Corridor Contract Termination DateDate for the Class AF-1 Subordinate Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class C CertificateholderAF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. Countrywide shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Corridor Contracts into the Carryover Contract Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver Trustee from time to time with respect to any notices required to be delivered under Corridor Contract into the Corridor ContractsContract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Countrywide, shall act as calculation agent and/or shall terminate the a Corridor Contracts, in each case Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the applicable Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the Class 1-A-1, Class 1-A-3, Class 2-A-1, Class 2-A-3, Class 2-A-6, Class 2-A-8 and Class 2-A-14 Certificates, as applicable. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the Class Certificate Balances of the Class 1-A-1, Class 1-A-3, Class 2-A-1, Class 2-A-3, Class 2-A-6, Class 2-A-8 and Class 2-A-14 Certificates have been reduced to zero and (ii) the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Scheduled Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to the Class C CertificateholderUnderwriter.

The Corridor Contracts. The Seller shall assign all of its right, title and interest in and to the interest rate cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsNovation Agreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the Corridor Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements Novation Agreement and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C Certificateholder.

The Corridor Contracts. CHL shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets an asset of the Trust Fund 120 but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the TrusteeTrustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall prepare and deliver any notices required to be delivered under provide the Corridor ContractsContract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master Servicer, on behalf of the Trustee, Trustee shall act as calculation agent and/or shall terminate direct the Corridor Contracts, in each case Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.07(c) or to CHL pursuant to Section 4.07(c) until such applicable Corridor Contract Termination Date. On the related Corridor Contract Termination DateDate for the Class AF-1 Corridor Contract, Class 1-AV Corridor Contract, Class 2-AV Corridor Contract, Class 3-AV Corridor Contract and Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the Class AF-1 Corridor Contract, Class 1-AV Corridor Contract, Class 2-AV Corridor Contract, Class 3-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class C CertificateholderAF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV Corridor Contract, Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. The Seller Master Servicer shall cause the Citigroup Global Markets Inc. to assign all of its respective right, title and interest in and to the interest rate cap transactions evidenced by the Class A-9 Corridor Contracts Contract to, and shall cause all of its the Citigroup Global Markets Inc.'s obligations in respect of such transaction to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsNovation Agreement. The Class A-1 and Class A-5 Corridor Contract and the Class A-2, Class A-4 and Class A-9 Corridor Contracts will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit cause to be deposited any amounts received from time to time with respect to the Corridor Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Reserve Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the applicable Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer Trustee, for the benefit of the Trust Fund Fund, an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, Fund in respect of such the termination of a Corridor Contract shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Certificates Yield Supplement Amount on the related Class of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund on the Distribution Date immediately following the earlier of (by deposit x) the latest Corridor Contract Scheduled Termination Date and (y) the date on which the aggregate Class Certificate Balance of the amount of any such Net Rate Carryover in Covered Certificates has been reduced to zero, will be distributed to the Carryover Reserve Fund Citigroup Global Markets Inc., and will not be available for payment to of the related Certificateholders) Yield Supplement Amount on the Covered Certificates, as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C Certificateholderapplicable.

The Corridor Contracts. Countrywide shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Corridor Contracts into the Carryover Contract Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver Trustee from time to time with respect to any notices required to be delivered under Corridor Contract into the Corridor ContractsContract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Countrywide, shall act as calculation agent and/or shall terminate the a Corridor Contracts, in each case Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the Class 1-A-1, Class 1-A-5, Class 1-A-6 and Class 1-A-8 Certificates, as applicable. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the Class Certificate Balances of the Class 1-A-1, Class 1-A-5, Class 1-A-6 and Class 1-A-8 Certificates have been reduced to zero and (ii) the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Scheduled Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to the Class C CertificateholderUnderwriter.

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the each Corridor ContractsContract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On the related Corridor Contract Termination DateDate for the Class AF-1 Subordinate Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class C Certificateholder.AF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, the CV Certificates. 125

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsNovation Agreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the a Corridor ContractsContract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(b) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of any of the Corridor Contracts remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. The Seller Depositor shall cause Citigroup Global Markets Inc. (or its relevant affiliate) to assign all of its respective right, title and interest in and to the interest rate cap transactions evidenced by the Corridor Contracts to, and shall cause all of its Citigroup Global Markets Inc.'s obligations in respect of such transaction to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to the Corridor Contracts into the Carryover Corridor Contract Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver any notices required Trustee from time to be delivered under time with respect to the Corridor ContractsContracts into the Corridor Contract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the Class Certificate Balance of the Class of Covered Certificates related to the Corridor Contracts after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Citigroup Global Markets Inc., shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case Contracts upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the applicable Certificates Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (by deposit i) the date on which the aggregate Class Certificate Balance of the amount of any such Net Rate Carryover in Covered Certificates has been reduced to zero and (ii) the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related latest Corridor Contract Scheduled Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to the Class C Certificateholder.Citigroup Global Markets Inc.

The Corridor Contracts. CHL shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, Corridor Contract Administrator on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets an asset of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract unto the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that No later than two Business Days following each Distribution Date, the Trustee is directed and authorized by the Depositor to sign shall provide the Corridor Contract Assignment Agreements and shall be fully protected in relying thereonAdministrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The representations made by the Bank of New York as Assignee under Trustee shall direct the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Administrator to terminate a Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts termination and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate 100 Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) hereof on the Distribution Dates following such termination to and including the Cap Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.08(c) hereof until the Corridor Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of a Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the each Corridor ContractsContract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) on the Distribution Dates following such termination to and including the Cap Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.08(c) until the Corridor Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of a Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. CHL shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets an asset of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the TrusteeTrustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall prepare and deliver any notices required to be delivered under provide the Corridor ContractsContract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master Servicer, on behalf of the Trustee, Trustee shall act as calculation agent and/or shall terminate direct the Corridor Contracts, in each case Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(d) on the Distribution Dates following such termination to and including the Cap Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.07 until such Corridor Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. Countrywide shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Corridor Contracts into the Carryover Contract Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver Trustee from time to time with respect to any notices required to be delivered under Corridor Contract into the Corridor ContractsContract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Countrywide, shall act as calculation agent and/or shall terminate the a Corridor Contracts, in each case Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the Class 1-A-1 and Class 2-A-1 Certificates, as applicable. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the Class Certificate Balances of the Class 1-A-1 and Class 2-A-1 Certificates have been reduced to zero and (ii) the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Scheduled Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to the Class C CertificateholderUnderwriter.

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the each Corridor ContractsContract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(e) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract 107 Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On the related Corridor Contract Termination DateDate for the Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class C CertificateholderAF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. Countrywide shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts Contract to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts Contract as provided in the Corridor Contract Administration Agreement will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to the Corridor Contracts Contract into the Carryover Shortfall Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver any notices required Trustee from time to be delivered under time with respect to the Corridor ContractsContract into the Carryover Shortfall Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Balance of the Class(es) of Certificates related to the Corridor Contract after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Countrywide, shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the applicable Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Shortfall Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the applicable LIBOR Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to than the Class C Certificateholder3-A-1 Certificates).

The Corridor Contracts. Countrywide shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Supplemental Interest Trustee's rights to receive the proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets of the Supplemental Interest Trust but will not be assets of the Trust Fund but will not be assets of or any REMIC. The Master Servicer, on behalf of the Trustee, Supplemental Interest Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Corridor Contracts into the Carryover Contract Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver Supplemental Interest Trustee from time to time with respect to any notices required to be delivered under Corridor Contract into the Corridor ContractsContract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the Class Certificate Balance of the Class of Certificates related to the Corridor Contract after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Countrywide, shall act as calculation agent and/or shall terminate the a Corridor Contracts, in each case Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the amount distributable to the Supplemental Interest Trust pursuant to the Corridor Contract Administration Agreement and received by the Supplemental Interest Trustee or the Master Servicer for the benefit of the Supplemental Interest Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the related Class(es) of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund in respect of a Corridor Contract, after the earlier of (i) the date on which the aggregate Class Certificate Balance of the related Covered Certificates has been reduced to zero and (ii) the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Scheduled Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to the Class C CertificateholderCountrywide.

The Corridor Contracts. Countrywide shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall cause UBS Management LLC, an affiliate of Credit Suisse Securities (USA) LLC to assign all of its right, title and interest in and to the each interest rate cap transactions corridor transaction as evidenced by the Corridor Contracts toapplicable Confirmation, and shall to cause all of its obligations in respect of each such transaction to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the respective Corridor Contract Assignment Agreements. Novation Confirmation.. The Trustee's rights to receive certain proceeds of each Corridor Contracts Contract as provided in the Corridor Contract Administration Agreement will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Corridor Contracts into the Carryover Contract Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver Trustee from time to time with respect to any notices required to be delivered under Corridor Contract into the Corridor ContractsContract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the Class Certificate Balance of the Covered Certificates after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Credit Suisse Securities (USA) LLC, shall act as calculation agent and/or shall terminate the a Corridor Contracts, in each case Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the applicable Certificates Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (by deposit i) the date on which the aggregate Class Certificate Balance of the amount of any such Net Rate Carryover in Covered Certificates has been reduced to zero and (ii) the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Scheduled Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to the Class C CertificateholderCredit Suisse Securities (USA) LLC.

The Corridor Contracts. The Seller CHL shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets an asset of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the any Corridor Contracts Contract into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, shall prepare and deliver any notices required to be delivered under the each Corridor ContractsContract. The Master Servicer, on behalf of the Trustee, shall act as calculation agent and/or shall terminate the a Corridor ContractsContract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a4.04(b) on the Distribution Dates following such termination to and including the Cap applicable Corridor Contract Termination Date, but shall not be available for distribution to the Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On the related each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of such Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C CertificateholderCertificates.

The Corridor Contracts. Countrywide shall cause The Seller Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate cap corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction transactions to be assumed by, the Trustee on behalf of the Trust FundCorridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsAgreement. The Supplemental Interest Trustee's rights to receive the proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be assets of the Supplemental Interest Trust but will not be assets of the Trust Fund but will not be assets of or any REMIC. The Master Servicer, on behalf of the Trustee, Supplemental Interest Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Corridor Contracts into the Carryover Contract Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and Master Servicer shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, deposit any amounts received on behalf of the Trustee, shall prepare and deliver Supplemental Interest Trustee from time to time with respect to any notices required to be delivered under Corridor Contract into the Corridor ContractsContract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the Class Certificate Balance of the Class of Certificates related to the Corridor Contract after all distributions on such Distribution Date. The Master ServicerCorridor Contract Administrator shall, on behalf upon receipt of the Trusteedirection from Countrywide, shall act as calculation agent and/or shall terminate the a Corridor Contracts, in each case Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund Corridor Contract Administrator an amount in respect of such termination. Any amounts , and the amount distributable to the Supplemental Interest Trust pursuant to the Corridor Contract Administration Agreement and received by the Supplemental Interest Trustee or the Master Servicer for the benefit of the Supplemental Interest Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the related Class(es) of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund in respect of a Coorridor Contract, after the earlier of (i) the date on which the aggregate Class Certificate Balance of the Covered Certificates has been reduced to zero and (ii) the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Scheduled Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to the Class C CertificateholderUnderwriter.

The Corridor Contracts. The Seller shall assign all of its right, title and interest in and to the interest rate cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transaction to be assumed by, the Trustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementsNovation Agreement. The Corridor Contracts will be assets of the Trust Fund but will not be assets of any REMIC. The Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to the Corridor Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements Novation Agreement and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer, on behalf of the Trustee, Seller shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Master Servicer, on behalf of the Trustee, Seller shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination. Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Certificates (by deposit of the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(a) on Distribution Dates following such termination to and including the Cap Contract Termination Date. On the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to the Class C Certificateholder.