Common use of Undercollateralized Group Clause in Contracts

Undercollateralized Group. For any Distribution Date, Subgroup 1-1, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Subgroup 1-1 REMIC II Regular Interests and the Residual Certificates is greater than the aggregate Principal Balance of the Subgroup 1-1 Loans (less the applicable Class 1-P Fraction thereof with respect to each Class 1-P Mortgage Loan); for any Distribution Date, Subgroup 1-2, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Subgroup 1-2 REMIC II Regular Interests is greater than the aggregate Principal Balance of the Subgroup 1-2 Loans; for any Distribution Date, Subgroup 1-3, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Subgroup 1-3 REMIC II Regular Interests is greater than the aggregate Principal Balance of the Subgroup 1-3 Loans; and for any Distribution Date, Loan Group 2, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Group 2 REMIC II Regular Interests is greater than the aggregate Principal Balance of the Group 2 Loans (less the applicable Class 2-P Fraction thereof with respect to each Class 2-P Mortgage Loan). Underwriter: WaMu Capital Corp.

Undercollateralized Group. For any Distribution Date, Subgroup 1-1, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Subgroup 1-1 REMIC II Regular Interests and the Residual Certificates is greater than the aggregate Principal Balance of the Subgroup 1-1 Loans (less the applicable Class 1-P Fraction thereof with respect to each Class 1-P Mortgage Loan); for any Distribution Date, Subgroup 1-2, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Subgroup 1-2 REMIC II Regular Interests is greater than the aggregate Principal Balance of the Subgroup 1-2 Loans; for any Distribution Date, Subgroup 1-3, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Subgroup 1-3 REMIC II Regular Interests is greater than the aggregate Principal Balance of the Subgroup 1-3 Loans; and for any Distribution Date, Loan Group 2, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Group 2 REMIC II 2-A-L Regular Interests is greater than the aggregate Principal Balance of the Group 2 Loans (less the applicable Class 2-P Fraction thereof with respect to each Class 2-P Mortgage Loan); and for any Distribution Date, Loan Group 3, if immediately prior to such Distribution Date the aggregate Class Principal Balance of the Group 3-A-L Regular Interests is greater than the aggregate Principal Balance of the Group 3 Loans (less the applicable Class 3-P Fraction thereof with respect to each Class 3-P Mortgage Loan). Underwriter: WaMu Capital Corp.