Common use of Exchanges Clause in Contracts

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable CertificatesDTC, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Trustee and under the terms and conditions hereinafter set forth and otherwise forth. In the case of each Combination Group, Exchange Certificates in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates such Combination Group shall be exchangeable for the related Class of Exchangeable Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Exchange Certificates bear to the original Certificate Principal Balance Balances of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Exchange Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Exchange Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphset forth below, no fee or other charge shall be payable to the Trustee, the Securities Administrator Trustee or DTC in connection therewith. Upon the presentation and surrender by any Holder of its Certificates in the appropriate combination as set forth on Appendix A, such Holder shall hereunder transfer, assign, set over and otherwise convey to the Trustee, all of such Holder’s right, title and interest in and to such Certificates, including all payments of interest thereon received after the month of the date specified in the notice (as described in the immediately succeeding paragraph) relating to such exchange. In order to effect an exchange of Certificates, the Certificateholder shall notify provide notice to the Securities Administrator Trustee (substantially in the form of Exhibit I hereto) in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxxxxxxxxx@xxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities AdministratorTrustee’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator Trustee shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator Trustee in connection with each exchangeexchange equal to $5,000 for each exchange request. The Securities Administrator Trustee shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable CertificatesDTC, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Trustee and under the terms and conditions hereinafter set forth and otherwise forth. In the case of each Combination Group, Exchange Certificates in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates such Combination Group shall be exchangeable for the related Class of Exchangeable Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Exchange Certificates bear to the original Certificate Principal Balance Balances of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Exchange Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Exchange Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphset forth below, no fee or other charge shall be payable to the Trustee, the Securities Administrator Trustee or DTC in connection therewith. In order Upon the presentation and surrender by any Holder of its Certificates in the appropriate combination as set forth on Appendix A, such Holder shall hereunder transfer, assign, set over and otherwise convey to effect an exchange the Trustee, all of such Holder’s right, title and interest in and to such Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day including all payments of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate interest thereon received in an exchange transaction on the Distribution Date in the month following after the month of the exchange date specified in the notice (as described in the immediately succeeding paragraph) relating to the Certificateholder of record as of the close of business on the last day of the month of the such exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Initial Certificates, and Exchangeable REMIC Initial Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator Paying Agent substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes Each Class of Exchangeable REMIC Initial Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Outstanding Certificate Principal Balances of such Exchangeable REMIC Initial Certificates bear to the original Original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Initial Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes Initial Certificates in respective denominations determined based on the proportion that the initial Outstanding Certificate Principal Balances of such Exchangeable REMIC Initial Certificates bear to the original Original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphthis Trust Agreement, no fee or other charge shall be payable to the Trustee, the Securities Administrator Paying Agent or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing current relationship manager or by e-mail administrator at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx the Paying Agent listed on the most recent report to Certificateholders no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities AdministratorPaying Agent’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding the Outstanding Certificate Principal Amount Balance and the Original Certificate Principal Amount Balance of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator Paying Agent shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 4,000 shall be payable to the Securities Administrator Paying Agent in connection with each exchange. The Securities Administrator Paying Agent shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Initial Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Initial Certificates, and Exchangeable REMIC Initial Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator Paying Agent substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes Each Class of Exchangeable REMIC Initial Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Outstanding Certificate Principal Balances of such Exchangeable REMIC Initial Certificates bear to the original Original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Initial Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes Initial Certificates in respective denominations determined based on the proportion that the initial Outstanding Certificate Principal Balances of such Exchangeable REMIC Initial Certificates bear to the original Original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphthis Trust Agreement, no fee or other charge shall be payable to the Trustee, the Securities Administrator Paying Agent or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing current relationship manager or by e-mail administrator at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx the Paying Agent listed on the most recent report to Certificateholders no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s Paying Agent's approval. The notice must be on the Certificateholder’s 's letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding the Outstanding Certificate Principal Amount Balance and the Original Certificate Principal Amount Balance of the Certificates to be exchanged; the Certificateholder’s 's DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator Paying Agent shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 4,000 shall be payable to the Securities Administrator Paying Agent in connection with each exchange. The Securities Administrator Paying Agent shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Initial Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable CertificatesDTC, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, and under the terms and conditions hereinafter set forth and otherwise forth. In the case of each Combination Group, Exchange Certificates in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates such Combination Group shall be exchangeable for the related Class of Exchangeable Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Exchange Certificates bear to the original Certificate Principal Balance Balances of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Exchange Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Exchange Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphset forth below, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order Upon the presentation and surrender by any Holder of its Certificates in the appropriate combination as set forth on Appendix A, such Holder shall hereunder transfer, assign, set over and otherwise convey to effect an exchange the Trustee, all of such Holder’s right, title and interest in and to such Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day including all payments of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate interest thereon received in an exchange transaction on the Distribution Date in the month following after the month of the exchange date specified in the notice (as described in the immediately succeeding paragraph) relating to the Certificateholder of record as of the close of business on the last day of the month of the such exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I II hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Trust Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both each Certificates to be exchanged and each Certificates to be received; outstanding Certificate Principal Amount Balance or Notional Amount, as applicable, and the Original Certificate Principal Amount Balance or Notional Amount, as applicable, of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I I-1 or Exhibit I-2 hereto or, and under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates each Certificate to be exchanged and Certificates each Certificate to be received; outstanding Certificate Principal Amount Balance or Notional Amount, as applicable, and the Original original Certificate Principal Amount Balance or Notional Amount, as applicable, of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxxxxx.xxxxxxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Exchange Certificates, as specified in Exhibit B, and Exchangeable REMIC Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Date under the terms and conditions hereinafter set forth and otherwise in accordance with forth. In the procedures specified in the Pooling and Servicing Agreement. case of each Certificate Group, Certificates of the Classes classes of Exchangeable REMIC Certificates in such Certificate Group shall be exchangeable for Certificates of the related Class classes of Exchangeable Exchange Certificates in such Certificate Group in the respective denominations and combinations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear pursuant to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Exhibit B. Upon any such exchange exchange, the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate or Certificates issued in exchange therefortherefore. Correspondingly, Exchangeable Exchange Certificates included in a Certificate Group may be further designated for exchange for Certificates of the related classes of Exchangeable REMIC Classes Certificates in the same Certificate Group in the respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as and combinations set forth in Appendix A. Exhibit B. There shall will be no limitation on the number of any exchanges authorized pursuant to this Section 2.034.05, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxxxx.x.xxxxxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxx.xxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s Certificateholders letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s Certificateholders DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to 1/32 of 1% of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $2,000 or greater than $25,000. The Securities Administrator shall will make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I II hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Trust Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both each Certificates to be exchanged and each Certificates to be received; outstanding Certificate Principal Amount Balance or Notional Amount, as applicable, and the Original Certificate Principal Amount Balance or Notional Amount, as applicable, of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchangerelated Record Date.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing DateDate and on or before the distribution Date in February 2009, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxxxxxxxxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates each Certificate to be exchanged and Certificates each Certificate to be received; outstanding Certificate Principal Amount Balances or notional amount, as applicable and the Original Certificate Principal Amount Denominations of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 3,500 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates (a) If at any time the Depositor or any of its Affiliates (in any such case, a “Depositor Affiliated Holder”) is the Owner or Holder of any Preferred Securities, such Depositor Affiliated Holder shall have the right to deliver to the Property Trustee all or such portion of its Preferred Securities as it elects and, subject to the terms of the Indenture, receive, in exchange therefor, a Like Amount of Debentures (such an exchange being referred to herein as an “Exchange”). Such election (i) shall be exchangeable on the books of DTC for Exchangeable REMIC Certificatesexercisable, and Exchangeable REMIC Certificates shall be exchangeable effective on the books of DTC for Exchangeable Certificatesany Business Day, on provided that such Business Day is not a record date or any date falling between a record date and after the Closing a Distribution Date, by notice such Depositor Affiliated Holder delivering to the Property Trustee a written notice of such election specifying the aggregate Liquidation Amount of Preferred Securities Administrator substantially with respect to which such election is being made and the date on which such Exchange shall occur, which date shall be not less than 10 Business Days after the date of receipt by the Property Trustee of such election notice and (ii) shall be conditioned upon such Depositor Affiliated Holder having delivered or caused to be delivered to the Property Trustee or its designee the Preferred Securities which are the subject of such election by 10:00 a.m., New York City time, on the date on which such Exchange is to occur. After the Exchange, such Preferred Securities shall be canceled and shall no longer be deemed to be Outstanding and all rights of the Depositor Affiliated Holder with respect to such Preferred Securities shall cease. So long as the Preferred Securities are in book-entry-only form, the form delivery and the cancellation of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise Preferred Securities pursuant to this Section 4.09 shall be made in accordance with the customary procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on Clearing Agency for the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchangePreferred Securities.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC The Depository Trust Company (“DTC”) for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphtwo paragraphs, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxx.xxxxxxxx@xxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 5000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing DateDate and on or before the Distribution Date in May 2009, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxxxxx.xxxxxxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates each Certificate to be exchanged and Certificates each Certificate to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 3,500 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I I-1 or Exhibit I-2 hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxxxx.x.xxxxxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxx.xxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to 1/32 of 1% of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $2,000 or greater than $5,000. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Exchange Certificates, as specified in Exhibit B, and Exchangeable REMIC Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Date under the terms and conditions hereinafter set forth and otherwise in accordance with forth. In the procedures specified in the Pooling and Servicing Agreement. case of each Certificate Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Certificate Group shall be exchangeable for Certificates of the related Class Classes of Exchangeable Exchange Certificates in such Certificate Group in the respective denominations and combinations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear pursuant to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Exhibit B. Upon any such exchange exchange, the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate or Certificates issued in exchange therefortherefore. Correspondingly, Exchangeable Exchange Certificates included in a Certificate Group may be further designated for exchange for Certificates of the related Classes of Exchangeable REMIC Classes Certificates in the same Certificate Group in the respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as and combinations set forth in Appendix A. Exhibit B. There shall be no limitation on the number of any exchanges authorized pursuant to this Section 2.034.05, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxxxx.x.xxxxxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxx.xxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s Certificateholders letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s Certificateholders DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to 1/32 of 1% of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $2,000 or greater than $25,000. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC The Depository Trust Company (“DTC”) for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I II hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance or Notional Amount, as applicable, of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances or Notional Amount, as applicable, of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphtwo paragraphs, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxx.xxxxxxxx@xxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount Balance and the Original original Certificate Principal Amount Balance of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Exchange Certificates issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphparagraphs, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Trust Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I I-1 or Exhibit I-2 hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx sxxxxx.x.xxxxxx@wxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx sxxx.xxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to 1/32 of 1% of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $2,000 or greater than $5,000. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, and Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Certificate Group, Certificates of the Classes of Exchangeable REMIC Exchange Certificates in such Certificate Group shall be exchangeable for Certificates of the related Class of Exchangeable Certificates in such Certificate Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Exchange Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate or Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates included in a Certificate Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Exchange Classes in the same Certificate Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month equal to 1/32 of 1% of the exchange to the Certificateholder of record as Certificate Balance of the close of business on the last day of the month of the exchangeCertificates to be submitted for exchange (but not less than $2,000 nor more than $25,000).

Exchanges. Exchangeable Certificates (a) If at any time the Depositor or any of its Affiliates (in any such case, a “Depositor Affiliated Holder”) is the Owner or Holder of any Preferred Securities, such Depositor Affiliated Holder shall have the right to deliver to the Property Trustee all or such portion of its Preferred Securities as it elects and, subject to the terms of the Indenture, receive, in exchange therefor, a Like Amount of Debentures (such an exchange being referred to herein as an “Exchange”). Such election (i) shall be exchangeable on the books of DTC for Exchangeable REMIC Certificatesexercisable, and Exchangeable REMIC Certificates shall be exchangeable effective on the books of DTC for Exchangeable Certificatesany Business Day, on provided that such Business Day is not a record date or any date falling between a record date and after the Closing a Distribution Date, by notice such Depositor Affiliated Holder delivering to the Property Trustee a written notice of such election specifying the aggregate Liquidation Amount of Preferred Securities Administrator substantially with respect to which such election is being made and the date on which such Exchange shall occur, which date shall be not less than ___ Business Days after the date of receipt by the Property Trustee of such election notice and (ii) shall be conditioned upon such Depositor Affiliated Holder having delivered or caused to be delivered to the Property Trustee or its designee the Preferred Securities which are the subject of such election by 10:00 a.m. New York City time on the date on which such Exchange is to occur. After the Exchange, such Preferred Securities shall be cancelled and shall no longer be deemed to be outstanding and all rights of the Depositor Affiliated Holder with respect to such Preferred Securities shall cease. So long as the Preferred Securities are in book-entry-only form, the form delivery and the cancellation of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise Preferred Securities pursuant to this Section 4.8 shall be made in accordance with the customary procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on Clearing Agency for the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchangeCapital Securities.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxxxx.x.xxxxxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxx.xxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to 1/32 of 1% of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $2,000 or greater than $25,000. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I II hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Exchange Certificates issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphparagraphs, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates any certificates may be any Business Day business day other than the first or last Business Day business day of the month month, subject to the Securities Administratortrust administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable CertificatesDTC, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Trustee and under the terms and conditions hereinafter set forth and otherwise forth. In the case of each Combination Group, Exchange Certificates in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates such Combination Group shall be exchangeable for the related Class of Exchangeable Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Exchange Certificates bear to the original Certificate Principal Balance Balances of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Exchange Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Exchange Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphset forth below, no fee or other charge shall be payable to the Trustee, the Securities Administrator Trustee or DTC in connection therewith. Upon the presentation and surrender by any Holder of its Certificates in the appropriate combination as set forth on Appendix A, such Holder shall hereunder transfer, assign, set over and otherwise convey to the Trustee, all of such Holder’s right, title and interest in and to such Certificates, including all payments of interest thereon received after the month of the date specified in the notice (as described in the immediately succeeding paragraph) relating to such exchange. In order to effect an exchange of Certificates, the Certificateholder shall notify provide notice to the Securities Administrator Trustee (substantially in the form of Exhibit I hereto) in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxx.xxxxxx@xxxxxxx.xxx and xxxxxxxxxxxxx@xxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx by phone at (000) 000-0000 no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities AdministratorTrustee’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator Trustee shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator Trustee in connection with each exchangeexchange equal to $5,000 for each exchange request. The Securities Administrator Trustee shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable CertificatesDTC, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Trustee and under the terms and conditions hereinafter set forth and otherwise forth. In the case of each Exchange Option, Exchange Certificates in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates such Exchange Option shall be exchangeable for the related Class of Exchangeable Certificates related to such Exchange Option in respective denominations determined based on the proportion that the initial Certificate Principal Balances Amount of such Exchangeable REMIC Exchange Certificates bear bears to the original Certificate Principal Balance Amount (or original Notional Amount in the case of Notional Exchangeable Classes) of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Exchange Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates related to an Exchange Option may be further designated for exchange for Certificates of the related Exchangeable REMIC Exchange Classes in such Exchange Option in the respective denominations determined based on the proportion that the initial Certificate Principal Balances Amount (or initial Notional Amount in the case of Notional Exchangeable Classes) of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances Amount of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphset forth below, no fee or other charge shall be payable to the Trustee, the Securities Administrator Trustee or DTC in connection therewith. In order Upon the presentation and surrender by any Holder of its Certificates in the appropriate combination as set forth on Appendix A, such Holder shall hereunder transfer, assign, set over and otherwise convey to effect an exchange the Trustee, all of such Holder’s right, title and interest in and to such Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day including all payments of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate interest thereon received in an exchange transaction on the Distribution Date in the month following after the month of the exchange date specified in the notice (as described in the immediately succeeding paragraph) relating to the Certificateholder of record as of the close of business on the last day of the month of the such exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I I-1 or Exhibit I-2 hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxx.xx@xxxxxxxx.xxx, xxxx.xxxxxxx.xxxxxxxx@xxxxx.xxx and Xxxxxxx.Xxxxxxx@xxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to $2,000. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates Certificates, other than the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates, may be any Business Day other than the first or last Business Day of the month subject to the Securities Trust Administrator’s approval. The exchange date with respect to the Class 2-A-1, Class 2-A-2 and Class 2-A-3 Certificates may be any Business Day between and including the 25th day of the month through the Business Day prior to the last Business Day of the month subject to the Trust Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC The Depository Trust Company (“DTC”) for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I II hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance or Notional Amount, as applicable, of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances or Notional Amount, as applicable, of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphtwo paragraphs, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxx.xxxxxxxx@xxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount Balance and the Original original Certificate Principal Amount Balance of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 3,500 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Trust Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both each Certificates to be exchanged and each Certificates to be received; outstanding Certificate Principal Amount and the Original Certificate Principal Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchangerelated Record Date.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable CertificatesDTC, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Trustee and under the terms and conditions hereinafter set forth and otherwise forth. In the case of each Combination Group, Exchange Certificates in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates such Combination Group shall be exchangeable for the related Class of Exchangeable Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Exchange Certificates bear to the original Certificate Principal Balance Balances of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Exchange Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Certificates issued in exchange therefor. Correspondingly, Exchangeable Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Exchange Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphset forth below, no fee or other charge shall be payable to the Trustee, the Securities Administrator Trustee or DTC in connection therewith. Upon the presentation and surrender by any Holder of its Certificates in the appropriate combination as set forth on Appendix A, such Holder shall hereunder transfer, assign, set over and otherwise convey to the Trustee, all of such Holder’s right, title and interest in and to such Certificates, including all payments of interest thereon received after the month of the date specified in the notice (as described in the immediately succeeding paragraph) relating to such exchange. In order to effect an exchange of Certificates, the Certificateholder shall notify provide notice to the Securities Administrator Trustee (substantially in the form of Exhibit I hereto) in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxxxxxxxxx@xxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities AdministratorTrustee’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Amount Balance and the Original Certificate Principal Amount Balance of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator Trustee shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator Trustee in connection with each exchangeexchange equal to $5,000 for each exchange request. The Securities Administrator Trustee shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Exchange Certificates issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphparagraphs, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates, other than the Class 1-A-11 Certificates and the Class 2-A-5 Certificates, may be any Business Day other than the first or last Business Day of the month subject to the Securities Trust Administrator’s approval. The exchange date with respect to the Class 1-A-11 Certificates and the Class 2-A-5 Certificates may be any business day between and including the 25th day of the month through the business day prior to the last business day of the month, subject to the trust administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Exchange Certificates, as specified in Exhibit B, and Exchangeable REMIC Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Date under the terms and conditions hereinafter set forth and otherwise in accordance with forth. In the procedures specified in the Pooling and Servicing Agreement. case of each Certificate Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Certificate Group shall be exchangeable for Certificates of the related Class Classes of Exchangeable Exchange Certificates in such Certificate Group in the respective denominations and combinations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear pursuant to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Exhibit B. Upon any such exchange exchange, the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate or Certificates issued in exchange therefortherefore. Correspondingly, Exchangeable Exchange Certificates included in a Certificate Group may be further designated for exchange for Certificates of the related Classes of Exchangeable REMIC Classes Certificates in the same Certificate Group in the respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as and combinations set forth in Appendix A. Exhibit B. There shall be no limitation on the number of any exchanges authorized pursuant to this Section 2.034.05, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s Certificateholders letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s Certificateholders DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to 1/32 of 1% of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $2,000 or greater than $25,000. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Exchange Certificates, as specified in Exhibit B, and Exchangeable REMIC Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Date under the terms and conditions hereinafter set forth and otherwise in accordance with forth. In the procedures specified in the Pooling and Servicing Agreement. case of each Certificate Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Certificate Group shall be exchangeable for Certificates of the related Class Classes of Exchangeable Exchange Certificates in such Certificate Group in the respective denominations and combinations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear pursuant to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Exhibit B. Upon any such exchange exchange, the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate or Certificates issued in exchange therefortherefore. Correspondingly, Exchangeable Exchange Certificates included in a Certificate Group may be further designated for exchange for Certificates of the related Classes of Exchangeable REMIC Classes Certificates in the same Certificate Group in the respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as and combinations set forth in Appendix A. Exhibit B. There shall be no limitation on the number of any exchanges authorized pursuant to this Section 2.034.05, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail email at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx [ ] no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s 's approval. The notice must be on the Certificateholder’s Certificateholders letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s Certificateholders DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to [1/32 of 1%] of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $[ ] or greater than $[ ]. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing DateDate and on or before the Distribution Date in January 2009, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. Certificates of the Classes of Exchangeable REMIC Certificates shall be exchangeable for the related Class of Exchangeable Certificates in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate issued in exchange therefor. Correspondingly, Exchangeable Certificates may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxxxxxxxxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates each Certificate to be exchanged and Certificates each Certificate to be received; outstanding Certificate Principal Amount Balances or notional amount, as applicable and the Original Certificate Principal Amount Denominations of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 3,500 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Exchange Certificates, as specified in Exhibit B, and Exchangeable REMIC Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I hereto or, Date under the terms and conditions hereinafter set forth and otherwise in accordance with forth. In the procedures specified in the Pooling and Servicing Agreement. case of each Certificate Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Certificate Group shall be exchangeable for Certificates of the related Class Classes of Exchangeable Exchange Certificates in such Certificate Group in the respective denominations and combinations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear pursuant to the original Certificate Principal Balance of the related Exchangeable Certificates, as set forth in Appendix A. Exhibit B. Upon any such exchange exchange, the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate or Certificates issued in exchange therefortherefore. Correspondingly, Exchangeable Exchange Certificates included in a Certificate Group may be further designated for exchange for Certificates of the related Classes of Exchangeable REMIC Classes Certificates in the same Certificate Group in the respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Certificates, as and combinations set forth in Appendix A. Exhibit B. There shall be no limitation on the number of any exchanges authorized pursuant to this Section 2.034.05, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail email at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx [ ] no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than the first or last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s Certificateholders letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to [1/32 of 1%] of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $[ ] or greater than $[ ]. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I I-1 or Exhibit I-2 hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx xxxxxx.x.xxxxxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx xxxx.xxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchangeexchange equal to 1/32 of 1% of the Certificate Balance (or the notional amount, if no principal balance) of the Certificates (other than any Interest Only Certificates) to be exchanged. In no event, however, shall the fee be less than $2,000 or greater than $25,000. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the following month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Trust Administrator substantially in the form of Exhibit I hereto or, under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Certificate Exchange Certificates issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraphparagraphs, no fee or other charge shall be payable to the Trustee, the Securities Trust Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Trust Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to any certificates other than the Certificates Class 2-A-10, Class 2-A-11, Class 2-A-12, Class 2-A-13 and the Class 2-A-15 certificates may be any Business Day business day other than the first or last Business Day business day of the month, subject to the trust administrator’s approval. The exchange date with respect to the Class 2-A-10, Class 2-A-11, Class 2-A-12, Class 2-A-13 and the Class 2-A-15 certificates may be any business day between and including the 25th day of the month through the business day prior to the last business day of the month, subject to the Securities Administratortrust administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates to be exchanged and Certificates to be received; outstanding Certificate Principal Balance or Notional Amount and the Original Certificate Principal Balance or Notional Amount of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Trust Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Trust Administrator in connection with each exchange. The Securities Trust Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.

Exchanges. Exchangeable Exchange Certificates shall be exchangeable on the books of DTC for Exchangeable REMIC Certificates, and Exchangeable REMIC Certificates shall be exchangeable on the books of DTC for Exchangeable Exchange Certificates, on and after the Closing Date, by notice to the Securities Administrator substantially in the form of Exhibit I I-1 or Exhibit I-2 hereto or, and under the terms and conditions hereinafter set forth and otherwise in accordance with the procedures specified in the Pooling and Servicing Underlying Trust Agreement. In the case of each Combination Group, Certificates of the Classes of Exchangeable REMIC Certificates in such Combination Group shall be exchangeable for Certificates of the related Class of Exchangeable Exchange Certificates related to such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balance of the related Exchangeable Exchange Certificates, as set forth in Appendix A. Upon any such exchange the portions of the Exchangeable REMIC Certificates designated for exchange shall be deemed cancelled and replaced by the Exchangeable Exchange Certificate issued in exchange therefor. Correspondingly, Exchangeable Exchange Certificates related to a Combination Group may be further designated for exchange for Certificates of the related Exchangeable REMIC Classes in such Combination Group in respective denominations determined based on the proportion that the initial Certificate Principal Balances or initial Notional Amounts, as applicable, of such Exchangeable REMIC Certificates bear to the original Certificate Principal Balances of the related Exchangeable Exchange Certificates, as set forth in Appendix A. There shall be no limitation on the number of exchanges authorized pursuant to this Section 2.03, and, except as provided in the following paragraph, no fee or other charge shall be payable to the Trustee, the Securities Administrator or DTC in connection therewith. In order to effect an exchange of Certificates, the Certificateholder shall notify the Securities Administrator in writing or by e-mail at xxxxxx.xxx@xxxxxxxxxx.xxx or xxxxxxxxxxxxxxx@xxxxxxxxxx.xxx cxxxxxxxxxxxxxx@xxxxxxxxxx.xxx no later than two Business Days before the proposed exchange date. The exchange date with respect to the Certificates may be any Business Day other than from and including the first or 25th day of the month to the second to the last Business Day of the month subject to the Securities Administrator’s approval. The notice must be on the Certificateholder’s letterhead, carry a medallion stamp guarantee and set forth the following information: the CUSIP number of both Certificates each Certificate to be exchanged and Certificates each Certificate to be received; outstanding Certificate Principal Amount Balance or Notional Amount, as applicable, and the Original original Certificate Principal Amount Balance or Notional Amount, as applicable, of the Certificates to be exchanged; the Certificateholder’s DTC participant number; and the proposed exchange date. After receiving the notice, the Securities Administrator shall e-mail the Certificateholder with wire payment instructions relating to the exchange fee. A notice becomes irrevocable on the second Business Day before the proposed exchange date. Notwithstanding any other provision herein set forth, a fee of $5,000 shall be payable to the Securities Administrator in connection with each exchange. The Securities Administrator shall make the first distribution on an Exchangeable Exchange Certificate or an Exchangeable REMIC Certificate received in an exchange transaction on the Distribution Date in the month following the month of the exchange to the Certificateholder of record as of the close of business on the last day of the month of the exchange.