Common use of Distributions from the Corridor Contract Reserve Fund Clause in Contracts

Distributions from the Corridor Contract Reserve Fund. (a) On each Distribution Date on or prior to the earlier of (i) each Corridor Contract Scheduled Termination Date and (ii) the date on which the Class Certificate Balances of the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates, as applicable, is are reduced to zero, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-1 Certificates, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-2 and Class 1-A-3 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-2 and Class 1-A-3 Certificates, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-5 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-5 Certificates and amounts on deposit in the Corridor Contract Reserve Fund from the Class 5-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 5-A-1 Certificates, to the extent needed to pay any related Yield Supplement Amount of the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates, as applicable, for such Distribution Date. Any remaining amounts in excess of $1,000 will be distributed to Countrywide Securities Corporation and will not be available to pay any future Yield Supplement Amounts. (b) Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the aggregate Class Certificate Balance of the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates has been reduced to zero and (ii) the latest Corridor Contract Scheduled Termination Date, will be distributed to the Underwriter.

Distributions from the Corridor Contract Reserve Fund. (a) On each Distribution Date on or prior to the earlier of (i) each Corridor Contract Scheduled Termination Date and (ii) the date on which the Class Certificate Balances of the Class 1-A-1, Class 1-A-2A-3, Class 12-A-1, Class 2-A-3, Class 12-A-5 A-6, Class 2-A-8 and Class 52-A-1 A-14 Certificates, as applicable, is are reduced to zero, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-1 Certificates, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-2 and Class 1-A-3 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-2 and Class 1-A-3 Certificates, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-5 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-5 Certificates and amounts on deposit in the Corridor Contract Reserve Fund from the Class 52-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 52-A-1 Certificates, to amounts on deposit in the extent needed to pay any related Yield Supplement Amount of Corridor Contract Reserve Fund from the Class 12-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates, as applicable, for such Distribution Date. Any remaining amounts in excess of $1,000 A-3 Corridor Contract will be withdrawn therefrom and distributed to Countrywide Securities Corporation and will not be available to pay any future Yield Supplement Amounts.the (b) Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the aggregate Class Certificate Balance of the Class 1-A-1, Class 1-A-2A-3, Class 12-A-1, Class 2-A-3, Class 12-A-5 A-6, Class 2-A-8 and Class 52-A-1 A-14 Certificates has been reduced to zero and (ii) the latest Corridor Contract Scheduled Termination Date, will be distributed to the Underwriter.

Distributions from the Corridor Contract Reserve Fund. (a) On each Distribution Date on or prior to the earlier of (i) each Corridor Contract Scheduled Termination Date and (ii) the date on which the Class Certificate Balances Balance of the Class 1-A-1, Class 1-A-2A-5, Class 1-A-3, A-6 or Class 1-A-5 and Class 5-A-1 A-8 Certificates, as applicable, is are reduced to zero, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-1 Certificates, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-2 A-5 and Class 1-A-3 A-6 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-2 A-5 and Class 1-A-3 A-6 Certificates, pro rata, based upon their respective Class Certificate Balances immediately prior to that Distribution Date and amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-5 A-8 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-5 Certificates and amounts on deposit in the Corridor Contract Reserve Fund from the Class 5-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 5-A-1 A-8 Certificates, to the extent needed to pay any related Yield Supplement Amount of the Class 1-A-1, Class 1-A-2A-5, Class 1-A-3, A-6 or Class 1-A-5 and Class 5-A-1 A-8 Certificates, as applicable, for such Distribution Date. Any remaining amounts in excess of $1,000 will be distributed to Countrywide Securities Corporation and will not be available to pay any future Yield Supplement Amounts. (b) Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the aggregate Class Certificate Balance of the Class 1-A-1, Class 1-A-2A-5, Class 1-A-3, A-6 and Class 1-A-5 and Class 5-A-1 A-8 Certificates has been reduced to zero and (ii) the latest Corridor Contract Scheduled Termination Date, will be distributed to the Underwriter.

Distributions from the Corridor Contract Reserve Fund. (a) On each Distribution Date on or prior to the earlier of (i) each Corridor Contract Scheduled Termination Date and (ii) the date on which the Class Certificate Balances Balance of the related Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Certificates, as applicable, of Covered Certificates is are reduced to zero, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-1 and Class 1-A-14 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-1 and Class 1-A-14 Certificates, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-2 and Class 1-A-3 A-4 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-2 and Class 1-A-3 A-4 Certificates, and amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-5 A-7 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-5 Certificates and amounts on deposit in the Corridor Contract Reserve Fund from the Class 5-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 5-A-1 A-7 Certificates, to the extent needed to pay any related Yield Supplement Amount of the Class 1-A-1, Class 1-A-2A-14, Class 1-A-3, A-4 and Class 1-A-5 and Class 5-A-1 A-7 Certificates, as applicable, for such Distribution Date. Any remaining amounts in excess of $1,000 will be distributed to Countrywide Securities Corporation and will not be available to pay any future Yield Supplement Amounts. (b) Any amounts remaining in the Corridor Contract Reserve Fund, Fund after the earlier of (i) the date on which the aggregate Class Certificate Balance of the Class 1-A-1, Class 1-A-2, Class 1-A-3, Class 1-A-5 and Class 5-A-1 Covered Certificates has been reduced to zero and (ii) the latest Corridor Contract Scheduled Termination Date, will be distributed to the Underwriter.