Subsequent Cut definition

Subsequent Cut off Date: January 1, 2005 2. Subsequent Transfer Date: January 27, 2005 3. Aggregate Principal Balance of the Subsequent Mortgage Loans as of the Subsequent Cut-off Date: $203,117,366.

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Subsequent Cut. Off Date: 2. Pricing Date: 3. Subsequent Transfer Date: 4. Aggregate Principal Balance of the Subsequent Mortgage Loans as of the Subsequent Cut-Off Date: 5. Purchase Price: 100.00% B. As to all Subsequent Mortgage Loans: 1. Longest stated term to maturity: months ----------

Subsequent Cut. Off Date: November 1, 2006 Subsequent Transfer Date: November 14, 2006 Now, therefore, in consideration of the premises and the mutual agreements set forth herein, the parties agree as follows:

Examples of Subsequent Cut in a sentence

• Upon the transfer by the Company of the Subsequent Mortgage Loans hereunder, such Subsequent Mortgage Loans (and all principal and interest due thereon subsequent to the Subsequent Cut Off Date) and all other rights and interests with respect to such Subsequent Mortgage Loans transferred pursuant to a Subsequent Transfer Agreement shall be deemed for all purposes hereunder to be part of the Trust Estate.

• Upon the transfer by the Seller of the Subsequent Mortgage Loans hereunder, such Subsequent Mortgage Loans (and all principal and interest due thereon subsequent to the Subsequent Cut Off Date) and all other rights and interests with respect to such Subsequent Mortgage Loans transferred pursuant to a Subsequent Transfer Agreement shall be deemed for all purposes hereunder to be part of the Trust Estate.

• The Indenture Trustee, as assignee of the Issuer, shall be entitled to all scheduled principal payments due after each Subsequent Cut-off Date, all other payments of principal due and collected after each related Subsequent Cut- off Date, and all payments of interest on the Subsequent Mortgage Loans, minus that portion of any such payment which is allocable to the period prior to the related Subsequent Cut-off Date.

• All Scheduled Payments due on or before the Subsequent Cut Off Date and collected on or after the Subsequent Cut Off Date shall belong to SMF.

• For purposes of the calculations described in this paragraph, percentages of the Group I Mortgage Loans will be based on the Stated Principal Balance of the Initial Group I Mortgage Loans as of the Cut off Date and the Stated Principal Balance of the Subsequent Group I Mortgage Loans as of the related Subsequent Cut off Date.

• The Depositor's Yield and amounts received after the Cut-off Date in the case of the Initial Mortgage Loans, or after the Subsequent Cut- off Date in the case of the Subsequent Mortgage Loans, in respect of interest accrued on the Mortgage Loans on or prior to the Cut-off Date or Subsequent Cut-off Date, as the case may be, do not constitute a part of the Trust Estate or the Collateral.

• For purposes of the calculations described in this paragraph, percentages of the Group II Mortgage Loans will be based on the Stated Principal Balance of the Initial Group II Mortgage Loans as of the Cut off Date and the Stated Principal Balance of the Subsequent Group II Mortgage Loans as of the related Subsequent Cut off Date.

More Definitions of Subsequent Cut

Subsequent Cut. Off Date Balance: $[______] Subsequent Cut-Off Date: [_____] Subsequent Transfer Date: [______]

Subsequent Cut. Off Date: 2. Pricing Date: 3. Subsequent Transfer Date: 4. Aggregate Principal Balance of the Subsequent Home Loans as of the Subsequent Cut-Off Date: 5.

Subsequent Cut. Off Date".........................................................................15 "Subsequent Mortgage Loans".......................................................................15 "Subsequent Transfer Agreement"...................................................................15 "Subsequent Transfer Date"........................................................................15 "Substitution Amount".............................................................................15 "Sub-Servicer"....................................................................................16 "Sub-Servicing Agreement".........................................................................16 "Telerate Screen Page 3750".......................................................................16 "Termination Fees"................................................................................16 "Transfer Date"...................................................................................16 "Transfer Notice Date"............................................................................16 "Trust Agreement".................................................................................16 "Trust Collateral Value"..........................................................................16 "Trust Estate"....................................................................................16 "Underwriter".....................................................................................17 Section 1.2. Use of Words and Phrases.......................................................17 Section 1.3. Captions; Table of Contents....................................................17 Section 1.4. Opinions.......................................................................17