Common use of The Supplemental Interest Trust Clause in Contracts

The Supplemental Interest Trust. The Supplemental Interest Trustee will enter into the Corridor Contract with the Cap Counterparty. The Corridor Contract will not be an asset of the Trust Fund or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the Class 2-A-1 Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund on the Distribution Date immediately following, the earlier of (x) the Corridor Contract Termination Date and (y) the date on which the Class Certificate Balance of the Class 2-A-1 Certificates has been reduced to zero, will be distributed to Greenwich Capital Markets, Inc. and will not be available for payment of any Yield Supplement Amounts on the Class 2-A-1 Certificates.

The Supplemental Interest Trust. The Supplemental Interest Trustee will enter into the Corridor Contract with the Cap Counterparty. The Corridor Contract will not be an asset of the Trust Fund trust or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the Class 21-A-1 A-2 Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund on the Distribution Date immediately following, following the earlier of (x) the Corridor Contract Termination Date and (y) the date on which the Class Certificate Balance of the Class 21-A-1 A-2 Certificates has been reduced to zero, will be distributed to Greenwich Capital MarketsCredit Suisse (USA) LLC, Inc. and will not be available for payment of any Yield Supplement Amounts on the Class 21-A-1 A-2 Certificates.

The Supplemental Interest Trust. The Supplemental Interest Trustee Trustee, on behalf of the Supplemental Interest Trust, will enter into the a Corridor Contract with the Cap Counterparty. The Corridor Contract will not be considered an asset of the Trust Fund trust or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the Class 2-A-1 A-11 Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund related to the Corridor Contract on the Distribution Date immediately following, following the earlier of (x) the Corridor Contract Termination Date and (y) the date on which the Class Certificate Balance of the Class 2-A-1 A-11 Certificates has been reduced to zero, will be distributed to Greenwich Merrill Lynch Capital MarketsServices, Inc. Inc., and will not be available for payment of any xxxxxxt xx xny Yield Supplement Amounts on the Class 2-A-1 A-11 Certificates.

The Supplemental Interest Trust. The Supplemental Interest Trustee Trustee, on behalf of the Supplemental Interest Trust, will enter into the a Corridor Contract with the Cap Counterparty. The Corridor Contract will not be considered an asset of the Trust Fund trust or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the Class 2-A-1 A-10 Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund related to the Corridor Contract on the Distribution Date immediately following, following the earlier of (x) the Corridor Contract Termination Date and (y) the date on which the Class Certificate Balance of the Class 2-A-1 A-10 Certificates has been reduced to zero, will be distributed to Greenwich Capital MarketsLehman Brothers Special Financing Xxx., Inc. and will not be available for payment of any Yield Supplement Amounts on the Class 2-A-1 A-10 Certificates.

The Supplemental Interest Trust. The Supplemental Interest Trustee will enter into each Corridor Contract and the Corridor Cap Contract with the Cap Counterparty. The Corridor Contracts and the Cap Contract will not be an asset assets of the Trust Fund trust or any REMIC but instead will be an asset assets of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contracts and the Cap Contract into the Supplemental Interest Reserve Fund. The Cap Counterpart shall act as calculation agent under the Corridor Contracts and the Cap Contract. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract Contracts and the Cap Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contracts or the Cap Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the applicable Class 2-A-1 of Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund related to a Corridor Contract or the Cap Contract on the Distribution Date immediately following, following the earlier of (x) the Corridor Contract applicable Termination Date and (y) the date on which the Class Certificate Balance of the related Class 2-A-1 of Certificates has been reduced to zero, will be distributed to Greenwich Capital MarketsCredit Suisse LLC (USA), Inc. and will not be available for payment of any Yield Supplement Amounts on the related Class 2-A-1 of Certificates.

The Supplemental Interest Trust. The Supplemental Interest Trustee Trustee, on behalf of the Supplemental Interest Trust, will enter into the Corridor Contract with the Cap Counterparty. The Corridor Contract will not be an considered as asset of the Trust Fund trust or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the Class 2-A-1 Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund related to the Corridor Contract on the Distribution Date immediately following, following the earlier of (x) the Corridor Contract Termination Date and (y) the date on which the Class Certificate Balance of the Class 2-A-1 Certificates has been reduced to zero, will be distributed to Greenwich Merrill Lynch Capital MarketsServices, Inc. Inc., and will not be available for payment of any xxxxxxx xx xxy Yield Supplement Amounts on the Class 2-A-1 Certificates.

The Supplemental Interest Trust. The Supplemental Interest Trustee Trustee, on behalf of the Supplemental Interest Trust, will enter into the Corridor Cap Contract with the Cap Counterparty. The Corridor Cap Contract will not be considered an asset of the Trust Fund trust or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Cap Contract into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Cap Contract and the Supplemental Interest Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract Cap Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Net WAC Carryover Amount to the Class 2-A-1 LIBOR Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund on the Distribution Date immediately following, following the earlier earliest of (x) the Corridor Contract Termination Date and (y) reduction of the date on which the aggregate Class Certificate Balance of the Class 2-A-1 LIBOR Certificates has been reduced to zero, (y) on the scheduled termination date of the Cap Contract and (z) the termination of this Agreement pursuant to Section 9.01, will be distributed to Greenwich Capital Marketsthe Class A-X Certificates, Inc. and will not be available for payment of any Yield Supplement Net WAC Carryover Amounts on the Class 2-A-1 LIBOR Certificates.. Upon the Supplemental Interest Trustee obtaining actual knowledge of the rating of the Cap Counterparty falling below the relevant levels set forth in the Cap Contract (provided, however, that the Supplemental Interest Trustee shall have no obligation to conduct an independent investigation or inquiry in relation thereto), the Depositor shall instruct the Supplemental Interest Trustee in writing to enforce its rights thereunder. Such Instructions shall be specific as to mode or method of enforcement. If the Cap Counterparty appropriately elects to post collateral under the Credit Support Annex executed on the Closing Date, the Supplemental Interest Trustee shall demand payment of the Delivery Amount (as defined in the ISDA Credit Support Annex). In addition, the Supplemental Interest Trustee shall set up the Credit Support Collateral Account in accordance with Section 3.06 to hold cash or other eligible investments pledged under such ISDA Credit Support Annex. Any cash or other eligible investments pledged under an ISDA Credit Support Annex shall not be part of the Supplemental Interest Reserve Fund or the Distribution Account unless they are applied in accordance with such ISDA Credit Support Annex to make a payment due to the Supplemental Interest Trustee pursuant to the Cap Contract. Upon the Supplemental Interest Trustee obtaining actual knowledge of an Event of Default (as defined in the Cap Contract) or Termination Event (as defined in the Cap Contract) for which the Supplemental Interest Trustee has the right to designate an Early Termination Date (as defined in the Cap Contract) (provided, however, that the Supplemental Interest Trustee shall have no obligation to conduct an independent investigation or inquiry in relation thereto), the Depositor shall instruct in writing the Supplemental Interest Trustee as to whether to designate an Early Termination Date; provided, however, that the Supplemental Interest Trustee shall provide written notice to each Rating Agency following the Event of Default or Termination Event. Upon the termination of the Cap Contract under the circumstances contemplated by this Section 3.22, the Supplemental Interest Trustee shall use its reasonable best efforts to enforce its rights as may be permitted by the terms of the Cap Contract and consistent with the terms of this Agreement. ARTICLE FOUR

The Supplemental Interest Trust. The Supplemental Interest Trustee will enter into the Corridor Contract with Class 2-A-2 Yield Maintenance Agreement xxxx xxx Xxx Xxxxxxxxxxty for the Cap Counterpartybenefit of the Class 2-A-2 Certificates. The Corridor Contract Class 2-A-2 Yield Maintenance Agreement will not be an asset assets of the Trust Fund trust or any REMIC but REMIC. The Class 2-A-2 Yield Maintenance Agreement instead will be an asset assets of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract Class 2-A-2 Yield Maintenance Agreement into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall act as calculation agent and/or shall terminate the Corridor Contract Class 2-A-2 Yield Maintenance Agreement, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract Class 2-A-2 Yield Maintenance Agreement shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to on the Class 2-A-1 A-2 Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund on the Distribution Date immediately following, following the earlier of (x) the Corridor Contract Termination Distribution Date in December 2015 and (y) the date on which the Class Certificate Balance of the Class 2-A-1 A-2 Certificates has been reduced to zero, will be distributed to Greenwich Capital MarketsDeutsche Bank Securities Inc., Inc. and will not be available for payment of any Class 2-A-2 Yield Supplement Amounts on the Class 2-A-1 A-2 Certificates.

The Supplemental Interest Trust. The Supplemental Interest Trustee Trustee, on behalf of the Supplemental Interest Trust, will enter into the four Corridor Contract Contracts with the Cap Counterparty. The Corridor Contract Contracts will not be an considered as asset of the Trust Fund trust or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the related Corridor Contract into the related Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the each Corridor Contract and the Supplemental Interest Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall terminate the related Corridor Contract Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of any of the Corridor Contract Contracts shall be deposited and held in the related Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the Class 21-A-1 A-1, Class 1-A-2, Class 1-A-3 or Class 1-A-6 Certificates, as applicable. Any amounts remaining in the related Supplemental Interest Reserve Fund on the Distribution Date immediately following, following the earlier of (x) the related Corridor Contract Termination Date and (y) the date on which the Class Certificate Balance of the Class 21-A-1 Certificates A-1, Class 1-A-2, Class 1-A-3 and Class 1-A-6 Certificates, respectively, has been reduced to zero, will be distributed to Greenwich Capital MarketsCitigroup Global Markets Inc., Inc. and will not be available for payment of any Yield Supplement Amounts on the Class 2-A-1 Hedged Certificates. Upon the Supplemental Interest Trustee obtaining actual knowledge of the rating of the Cap Counterparty falling below the Approved Rating Thresholds (as defined in each Corridor Contract), the Supplemental Interest Trustee shall act at the written direction of the Depositor to execute an ISDA Credit Support Annex with the Cap Counterparty that meets the terms of each Corridor Contract. If an ISDA Credit Support Annex is executed, the Supplemental Interest Trustee shall demand payment of the Delivery Amount (as defined in the ISDA Credit Support Annex). In addition, if an ISDA Credit Support Annex is negotiated, the Supplemental Interest Trustee shall set up the Credit Support Collateral Account in accordance with Section 3.06 to hold cash or other eligible investments pledged under such ISDA Credit Support Annex. Any cash or other eligible investments pledged under an ISDA Credit Support Annex shall not be part of the related Supplemental Interest Reserve Fund or the Distribution Account unless they are applied in accordance with such ISDA Credit Support Annex to make a payment due to the Supplemental Interest Trustee pursuant to the related Corridor Contract.

The Supplemental Interest Trust. The Supplemental Interest Trustee Trustee, on behalf of the Supplemental Interest Trust, will enter into the Corridor Contract with the Cap Counterparty. The Corridor Contract will not be an considered as asset of the Trust Fund trust or any REMIC but instead will be an asset of the Supplemental Interest Trust. The Supplemental Interest Trustee, on behalf of the Supplemental Interest Trust, shall cause to be deposited any amounts received from time to time with respect to the Corridor Contract into the Supplemental Interest Reserve Fund. The Supplemental Interest Trustee shall be subject to a standard of care identical to that of the Trustee under Article Eight of this Agreement. The Cap Counterparty shall act as calculation agent under the Corridor Contract and the Trustee shall be entitled to conclusively rely on the accuracy, completeness and correctness of calculations made by the Cap Counterparty as calculation agent. The Trustee, on behalf of the Supplemental Interest Trust, shall terminate the Corridor Contract Contract, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Cap Counterparty will be obligated to pay the Supplemental Interest Trustee, for the benefit of the Supplemental Interest Trust, an amount in respect of such termination. Any amounts received by the Supplemental Interest Trustee for the benefit of the Supplemental Interest Trust in respect of the termination of the Corridor Contract shall be deposited and held in the Supplemental Interest Reserve Fund and applied on future Distribution Dates to pay the Yield Supplement Amount to the Class 2-A-1 A-3 Certificates. Any amounts remaining in the Supplemental Interest Reserve Fund on the Distribution Date immediately following, following the earlier of (x) the Corridor Contract Termination Date and (y) the date on which the Class Certificate Balance of the Class 2-A-1 A-3 Certificates has been reduced to zero, will be distributed to Greenwich Capital MarketsHSBC Securities (USA) Inc., Inc. and will not be available for payment of any Yield Supplement Amounts on the Class 2-A-1 A-3 Certificates.