Common use of DISTRIBUTIONS AND ADVANCES BY THE SERVICER Clause in Contracts

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 4.01 Advances......................................................69 Section 4.02 Priorities of Distribution....................................70 Section 4.03 Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 ARTICLE V THE CERTIFICATES Section 5.01 The Certificates..............................................79 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 Section 5.04 Persons Deemed Owners.........................................85 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 Section 5.06 Maintenance of Office or Agency...............................86

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 4.01 Advances......................................................69 95 Section 4.02 Priorities of Distribution....................................70 96 Section 4.03 Monthly Statements to Certificateholders......................76 .....................103 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 .......106 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 ..................107 Section 4.06 Swap Account.................................................107 ARTICLE V THE CERTIFICATES Section 5.01 The Certificates..............................................79 .............................................108 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 ....................................109 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 ............115 Section 5.04 Persons Deemed Owners.........................................85 ........................................115 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 ....115 Section 5.06 Maintenance of Office or Agency...............................86..............................115 ARTICLE VI THE DEPOSITOR, THE SERVICER AND THE LOAN PERFORMANCE ADVISOR Section 6.01 Respective Liabilities of the Depositor and the Servicer...

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 63 Section 4.01 Advances......................................................69 ..............................................................................63 Section 4.02 Priorities of Distribution....................................70 ............................................................64 Section 4.03 Cross-Collateralization; Adjustments to Available Funds...............................67 Section 4.04 [Reserved]............................................................................68 Section 4.05 Allocation of Realized Losses.........................................................68 Section 4.06 Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 ..............................................69 ARTICLE V FIVE THE CERTIFICATES CERTIFICATES....................................................................................73 Section 5.01 The Certificates..............................................79 ......................................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 ...........73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 .....................................77 Section 5.04 Persons Deemed Owners.........................................85 .................................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 .............................77 Section 5.06 Maintenance of Office or Agency...............................86.......................................................78 ARTICLE SIX THE DEPOSITOR AND THE SERVICER.......................................................................79

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 63 Section 4.01 Advances......................................................69 ..............................................................................63 Section 4.02 Priorities of Distribution....................................70 ............................................................64 Section 4.03 [Reserved]............................................................................68 Section 4.04 [Reserved]............................................................................68 Section 4.05 Allocation of Realized Losses.........................................................68 Section 4.06 Monthly Statements to Certificateholders......................76 ..............................................69 Section 4.04 Certain Matters Relating to the 4.07 Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 Pass-Through Rates for LIBOR Certificates............................72 ARTICLE V FIVE THE CERTIFICATES CERTIFICATES.............................................................................75 Section 5.01 The Certificates..............................................79 ......................................................................75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 ...........75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 .....................................79 Section 5.04 Persons Deemed Owners.........................................85 .................................................................79 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 .............................79 Section 5.06 Maintenance of Office or Agency...............................86.......................................................80 ARTICLE SIX THE DEPOSITOR AND THE SERVICER................................................................81

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 63 Section 4.01 Advances......................................................69 ..............................................63 Section 4.02 Priorities of Distribution....................................70 ............................64 Section 4.03 Cross-Collateralization; Adjustments to Available Funds.......................................67 Section 4.04 [Reserved]............................................68 Section 4.05 Allocation of Realized Losses.........................68 Section 4.06 Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 ..............69 ARTICLE V FIVE THE CERTIFICATES CERTIFICATES...............................................73 Section 5.01 The Certificates..............................................79 ......................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 .................73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 ..........................................77 Section 5.04 Persons Deemed Owners.........................................85 .................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 .........................................77 Section 5.06 Maintenance of Office or Agency...............................86.......................78 ARTICLE SIX THE DEPOSITOR AND THE SERVICER..................................79

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 73 SECTION 4.01 Advances......................................................69 Section Advances by the Servicer..................................73 SECTION 4.02 Priorities of Distribution....................................70 Section ................................73 SECTION 4.03 REMIC I Realized Losses...................................77 SECTION 4.04 Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating ..................77 SECTION 4.05 Servicer to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 Cooperate.....................................81 SECTION 4.06 Guarantee Agreement.......................................81 ARTICLE V THE CERTIFICATES Section CERTIFICATES................................................82 SECTION 5.01 The Certificates..............................................79 Section ..........................................82 SECTION 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 Section ..................................82 SECTION 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 Section .........88 SECTION 5.04 Persons Deemed Owners.........................................85 Section .....................................89 SECTION 5.05 Access to List of Certificateholders' Names and Addresses.....86 Section .................................................89 SECTION 5.06 Maintenance of Office or Agency...............................86...........................89

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 4.01 4.01. Advances......................................................69 51 Section 4.02 4.02. Priorities of Distribution....................................70 52 Section 4.03 4.03. Allocation of Realized Losses.................................55 Section 4.04. Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 56 ARTICLE V THE CERTIFICATES CERTIFICATES Section 5.01 5.01. The Certificates..............................................79 58 Section 5.02 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 .....................................59 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.............85 64 Section 5.04 5.04. Persons Deemed Owners.........................................85 64 Section 5.05 5.05. Access to List of Certificateholders' Names and Addresses.....86 Section 5.06 Maintenance of Office or Agency...............................86...

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 92 Section 4.01 Advances......................................................69 .............................................................92 Section 4.02 Priorities of Distribution....................................70 ...........................................93 Section 4.03 Monthly Statements to Certificateholders......................76 ............................100 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 ..............103 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 .........................104 ARTICLE V THE CERTIFICATES CERTIFICATES.............................................................104 Section 5.01 The Certificates..............................................79 ....................................................104 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 .....................................................104 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 ...................109 Section 5.04 Persons Deemed Owners.........................................85 ...............................................110 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 ...........110 Section 5.06 Maintenance of Office or Agency...............................86.....................................110 ARTICLE VI THE DEPOSITOR AND THE SERVICER..............................................110

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 4.01 53 SECTION 4.01. Advances......................................................69 Section 4.02 .......................................................53 SECTION 4.02. Priorities of Distribution....................................70 Section 4.03 .....................................53 SECTION 4.03. Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 .......................55 SECTION 4.04. Bloomberg Reporting............................................57 ARTICLE V THE CERTIFICATES Section 5.01 CERTIFICATES...................................................57 SECTION 5.01. The Certificates..............................................79 Section 5.02 ...............................................57 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 Section 5.03 .....................................58 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.............85 Section 5.04 ..............63 SECTION 5.04. Persons Deemed Owners.........................................85 Section 5.05 ..........................................63 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.....86 Section 5.06 ......63 SECTION 5.06. Maintenance of Office or Agency...............................86................................64

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 4.01 55 SECTION 4.01. Advances......................................................69 Section 4.02 ................................ 55 SECTION 4.02. Priorities of Distribution....................................70 Section 4.03 .............. 56 SECTION 4.03. Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 ...................... 57 ARTICLE V THE CERTIFICATES Section 5.01 CERTIFICATES............................................................ 59 SECTION 5.01. The Certificates..............................................79 Section 5.02 ........................ 59 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 Section 5.03 ... 60 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.............85 Section 5.04 ............................ 65 SECTION 5.04. Persons Deemed Owners.........................................85 Section 5.05 ................... 66 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.....86 Section 5.06 ..................... 66 SECTION 5.06. Maintenance of Office or Agency...............................86......... 67

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 119 Section 4.01 Advances......................................................69 .......................................................................... 119 Section 4.02 Priorities of Distribution....................................70 ........................................................ 120 Section 4.03 Monthly Statements to Certificateholders......................76 .......................................... 129 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 ............................ 133 Section 4.05 [Reserved]........................................................................ 134 Section 4.06 [Reserved]........................................................................ 134 Section 4.07 Allocation of Applied Realized Loss Amounts...................79 ....................................... 134 ARTICLE V THE CERTIFICATES CERTIFICATES......................................................................... 134 Section 5.01 The Certificates..............................................79 .................................................................. 134 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 ....... 135 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 ................................. 140 Section 5.04 Persons Deemed Owners.........................................85 ............................................................. 140 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 ......................... 141 Section 5.06 Maintenance of Office or Agency...............................86................................................... 141

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 107 Section 4.01 Advances......................................................69 .............................................. 107 Section 4.02 Priorities of Distribution....................................70 ............................ 108 Section 4.03 Monthly Statements to Certificateholders......................76 .............. 115 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 ................................................. 118 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 ........... 119 ARTICLE V THE CERTIFICATES CERTIFICATES............................................... 119 Section 5.01 The Certificates..............................................79 ...................................... 119 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 .............................. 120 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.............85 ..... 125 Section 5.04 Persons Deemed Owners.........................................85 ................................. 125 Section 5.05 Access to List of Certificateholders' Names and Addresses.....86 ............................................. 125 Section 5.06 Maintenance of Office or Agency...............................86....................... 126

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 4.01 53 SECTION 4.01. Advances......................................................69 Section 4.02 ..........................................................................................53 SECTION 4.02. Priorities of Distribution....................................70 Section 4.03 ........................................................................53 SECTION 4.03. Monthly Statements to Certificateholders......................76 Section 4.04 Certain Matters Relating to the Determination of LIBOR........79 Section 4.05 Allocation of Applied Realized Loss Amounts...................79 ..........................................................55 SECTION 4.04. Bloomberg Reporting...............................................................................57 ARTICLE V THE CERTIFICATES Section 5.01 CERTIFICATES......................................................................................57 SECTION 5.01. The Certificates..............................................79 Section 5.02 ..................................................................................57 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 Section 5.03 .......................58 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.............85 Section 5.04 .................................................63 SECTION 5.04. Persons Deemed Owners.........................................85 Section 5.05 .............................................................................63 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.....86 Section 5.06 .........................................63 SECTION 5.06. Maintenance of Office or Agency...............................86...................................................................64

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. Section 4.01 4.01. Advances......................................................69 ..................................................................................64 Section 4.02 4.02. Priorities of Distribution....................................70 ................................................................65 Section 4.03 4.03. Monthly Statements to Certificateholders......................76 ..................................................70 Section 4.04 4.04. Certain Matters Relating to the Determination of LIBOR........79 ....................................73 Section 4.05 4.05. Allocation of Applied Realized Loss Amounts...................79 ...............................................74 ARTICLE V THE CERTIFICATES Section 5.01 5.01. The Certificates..............................................79 ..........................................................................74 Section 5.02 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates......................................80 ...............75 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.............85 .........................................80 Section 5.04 5.04. Persons Deemed Owners.........................................85 .....................................................................80 Section 5.05 5.05. Access to List of Certificateholders' Names and Addresses.....86 .................................80 Section 5.06 5.06. Maintenance of Office or Agency...............................86...........................................................80 -ii- TABLE OF CONTENTS (continued)