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, and Class 1-A-4 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to zero, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-1 Certificates and amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-4 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-4 Certificates, to the extent needed to pay any related Yield Supplement Amount of the Class 1-A-1 and Class 1-A-4 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 and Class 1-A-4 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, and Class 1-A-4 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to zero, amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-1 Certificates and amounts on deposit in the Corridor Contract Reserve Fund from the Class 1-A-4 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-4 Certificates, to the extent needed to pay any related Yield Supplement Amount of the Class 1-A-1 and Class 1-A-4 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 and Class 1-A-4 Covered Certificates has been reduced to zero and (ii) the latest Corridor Contract Scheduled Termination Date, will be distributed to the UnderwriterCountrywide.

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, and A-1 or Class 12-A-4 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 and amounts on deposit in the Corridor Contract Reserve Fund from the Class 12-A-4 A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 12-A-4 A-1 Certificates, to the extent needed to pay any related Yield Supplement Amount of the Class 1-A-1 and Class 12-A-4 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 and Class 12-A-4 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 Balance of the related Class 1-A-1, and Class 1-A-4 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 Corridor Contract will be withdrawn therefrom and distributed to the Class 1-A-1 Certificates and amounts on deposit in the Corridor Contract Reserve Fund from the Class 12-A-4 A-1 Corridor Contract will be withdrawn therefrom and distributed to the Class 12-A-4 A-1 Certificates, to the extent needed to pay any related Yield Supplement Amount of the Class 1-A-1 and Class 12-A-4 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, Fund after the earlier of (i) the date on which the aggregate Class Certificate Balance of the Class 1-A-1 and Class 1-A-4 Covered Certificates has been reduced to zero and (ii) the latest Corridor Contract Scheduled Termination Date, will be distributed to the UnderwriterCountrywide.

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