Common use of Based on Notional Amount Clause in Contracts

Based on Notional Amount. (12) The minimum denomination for the Class P Certificates is a 20% Percentage Interest. Any Percentage Interest in excess of 20% is an authorized denomination. The foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loans to flow through to the Master REMIC as cash flow on a REMIC regular interest, without creating any shortfall--actual or potential (other than for credit losses) to any REMIC regular interest. It is not intended that the Class A-R Certificates be entitled to any cash flow pursuant to this Agreement except as provided in Section 4.02(a)(1) hereunder. For any purpose for which the Pass-Through Rates is calculated, the interest rate on the Mortgage Loans shall be appropriately adjusted to account for the difference between the monthly day count convention of the Mortgage Loans and the monthly day count convention of the regular interests issued by each of the REMICs. For purposes of calculating the Pass-Through Rates for each of the interests issued by REMIC, such rates shall be adjusted to equal a monthly day count convention based on a 30 day month for each Due Period and a 360-day year so that the Mortgage Loans and all regular interests will be using the same monthly day count convention. Set forth below are designations of Classes or Components of Certificates to the categories used in this Agreement: Accretion Directed Certificates........................ None. Accretion Directed Components....... None. Accrual Certificates................ None. Accrual Components.................. None. Book-Entry Certificates............. All Classes of Certificates other than the Physical Certificates. COFI Certificates................... None.

Based on Notional Amount. (12) The minimum denomination for the Class P Certificates is a 20% Percentage Interest. Any Percentage Interest in excess of 20% is an authorized denomination. The foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loans to flow through to the Master REMIC as cash flow on a REMIC regular interest, without creating any shortfall--actual or potential (other than for credit losses) to any REMIC regular interest. It is not intended that the Class A-R Certificates be entitled to any cash flow pursuant to this Agreement except as provided in Section 4.02(a)(1) hereunder. For any purpose for which the Pass-Through Rates is calculated, the interest rate on the Mortgage Loans shall be appropriately adjusted to account for the difference between the monthly day count convention of the Mortgage Loans and the monthly day count convention of the regular interests issued by each of the REMICs. For purposes of calculating the Pass-Through Rates for each of the interests issued by REMIC, such rates shall be adjusted to equal a monthly day count convention based on a 30 day month for each Due Period and a 360-day year so that the Mortgage Loans and all regular interests will be using the same monthly day count convention. Set forth below are designations of Classes or Components of Certificates to the categories used in this Agreement: Accretion Directed Certificates........................ ................. None. Accretion Directed Components....... Components None. Accrual Certificates................ ......... None. Accrual Components.................. None. Book-Entry Certificates............. All Classes of Certificates other than the Physical Certificates. COFI Certificates................... ........... None.

Based on Notional Amount. (12) The minimum denomination for the Class P Certificates is a 20% Percentage Interest. Any Percentage Interest in excess of 20% is an authorized denomination. The foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loans to flow through to the Master REMIC as cash flow on a REMIC regular interest, without creating any shortfall--actual or potential (other than for credit losses) to any REMIC regular interest. It is not intended that the Class A-R Certificates be entitled to any cash flow pursuant to this Agreement except as provided in Section 4.02(a)(14.02(a)(1)(iv)(A) hereunder. For any purpose for which the Pass-Through Rates is calculated, the interest rate on the Mortgage Loans shall be appropriately adjusted to account for the difference between the monthly day count convention of the Mortgage Loans and the monthly day count convention of the regular interests issued by each of the REMICs. For purposes of calculating the Pass-Through Rates for each of the interests issued by REMIC, such rates shall be adjusted to equal a monthly day count convention based on a 30 day month for each Due Period and a 360-day year so that the Mortgage Loans and all regular interests will be using the same monthly day count convention. Set forth below are designations of Classes or Components of Certificates to the categories used in this Agreement: Accretion Directed Certificates........................ None. Accretion Directed Components....... None. Accrual Certificates................ None. Accrual Components.................. None. Book-Entry Certificates............. All Classes of Certificates other than the Physical Certificates. COFI Certificates................... None.

Based on Notional Amount. (12) The minimum denomination for the Class P Certificates is a 20% Percentage Interest. Any Percentage Interest in excess of 20% is an authorized denomination. The foregoing REMIC structure is intended to cause all of the cash from the Mortgage Loans to flow through to the Master REMIC as cash flow on a REMIC regular interest, without creating any shortfall--actual or potential (other than for credit losses) to any REMIC regular interest. It is not intended that the Class A-R Certificates be entitled to any cash flow pursuant to this Agreement except as provided in Section 4.02(a)(1) hereunder. For any purpose for which the Pass-Through Rates is calculated, the interest rate on the Mortgage Loans shall be appropriately adjusted to account for the difference between the monthly day count convention of the Mortgage Loans and the monthly day count convention of the regular interests issued by each of the REMICs. For purposes of calculating the Pass-Through Rates for each of the interests issued by REMIC, such rates shall be adjusted to equal a monthly day count convention based on a 30 day month for each Due Period and a 360-day year so that the Mortgage Loans and all regular interests will be using the same monthly day count convention. Set forth below are designations of Classes or Components of Certificates to the categories used in this Agreement: Accretion Directed Certificates........................ None. Accretion Directed Components....... None. Accrual Certificates................ None. Accrual Components.................. None. Book-Entry Certificates............. All Classes of Certificates other than the Physical Certificates. COFI Certificates................... None.