Common use of Maintenance of the Rounding Account; Collections Thereunder Clause in Contracts

Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee shall establish the Rounding Account, and the Underwriter shall deposit $999.99 in the Rounding Account. The Master Servicer shall maintain such account to provide, if needed, the Rounding Amount on any Distribution Date. For the Class of Special Retail Certificates, on the first Distribution Date with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), and the aggregate amount of such principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw such Rounding Amount from the Rounding Account. On each succeeding Distribution Date, prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to such Class of Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), the aggregate amount of such principal will be applied first to repay to the Rounding Account any funds withdrawn from such Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of such aggregate amount of principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw from the Rounding Account, to the extent funds are available therein, the amount so notified by the Master Servicer. Any amounts withdrawn by the Trustee from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of the Class of Special Retail Certificates as described in the immediately preceding paragraph (and shall be deemed to have been distributed to the Corresponding Class of such Class of Special Retail Certificates, as applicable, and deposited for its benefit into the Certificate Account in accordance with Section 4.04(ii)). Amounts on deposit in the Rounding Account shall not be invested. On the first Distribution Date after the earliest of (i) the Credit Support Depletion Date, (ii) the date on which any loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation and (iii) the date on which the Class Principal Balance of Special Retail Certificates has been reduced to zero, the Trustee shall remit any amounts then remaining on deposit in the Rounding Account to the Holders of the Class R-2 Certificates.

Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee Trust Administrator shall establish a separate account (the “Rounding Account”) with respect to the Special Retail Certificates, and the Underwriter shall deposit an amount equal to $999.99 in the Rounding Account. The Master Servicer Trust Administrator shall maintain such account the Rounding Account to provide, if needed, the Rounding Amount (defined below) on any Distribution Date. For If, on any Distribution Date, the Class Trust Administrator determines based on the information provided by the Master Servicer that amounts are available out of the Group 2 Available Funds (after giving effect to the last sentence of this paragraph) for distributions of principal on the Special Retail Certificates, on the first Distribution Date with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), and the aggregate amount of such principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior allocable to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw such Rounding Amount from the Rounding Account. On each succeeding Distribution Date, prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to such Class of Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), the aggregate amount of such principal will be applied first to repay to the Rounding Account any funds withdrawn from such Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of such aggregate amount distributions of principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee Trust Administrator shall withdraw from the Rounding AccountAccount an amount which, when added to the extent funds amount allocable to such distributions of principal for the Special Retail Certificates, would be an integral multiple of $1,000 (the “Rounding Amount”). On each Distribution Date prior to the date on which any Realized Loss would decrease the Class Principal Balance of the Special Retail Certificates, with respect to which the Trust Administrator determines that amounts are available thereinout of Group 2 Available Funds for distributions of principal on the Special Retail Certificates, the aggregate amount so notified by allocable to such Class will be applied first to repay any funds withdrawn from the Master ServicerRounding Account on prior Distribution Dates which have not been repaid. For federal tax return and information reporting purposes, the Rounding Account shall be considered to have a value of $999.99. Any amounts withdrawn by the Trustee Trust Administrator from the Rounding Account shall be deposited in the Certificate Distribution Account for distribution to the Holders of the Class of Special Retail Certificates as described in the immediately preceding paragraph (and paragraph. On or promptly after the date the Class Principal Balance of the Special Retail Certificates has been reduced to zero or the date on which the Class 2-A-2 Insurer fails to make an Insured Payment in respect of principal, the Trust Administrator shall be deemed to have been distributed remit to the Corresponding Class of such Class of Special Retail Certificates, as applicable, and deposited for its benefit into Underwriter any amounts remaining in the Certificate Account in accordance with Section 4.04(ii))Rounding Account. Amounts on deposit in the Rounding Account shall not be invested. On The Rounding Account established hereunder shall be an asset of the first Distribution Date after the earliest of Master REMIC, (iB) the Credit Support Depletion DateRounding Account Regular Interest shall be owned for federal tax purposes by the Underwriter and the Underwriter shall report all amounts of income, (ii) the date on which any deduction, gain or loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation accruing therefrom, and (iiiC) the date on which the Class Principal Balance of Special Retail Certificates has been reduced to zero, the Trustee shall remit any amounts then remaining on deposit in transferred from the Rounding Account to the Holders of Underwriter shall be treated for all federal tax purposes as distributed by the Class R-2 CertificatesMaster REMIC on the Rounding Account Regular Interest.

Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee shall establish the Rounding AccountAccount and Bear, and the Underwriter Xxxxxxx & Co. Inc. shall deposit $999.99 in the Rounding Accounttherein. The Master Servicer Trustee shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. For the Class of Special Retail Certificates, on On the first Distribution Date with respect to which the Master Servicer Trustee determines that amounts are available out of the Available Distribution Amount for distributions of principal is required to be distributed to such on the Class pursuant to Section 4.05(a)(ii)A-3 Certificates, and the aggregate amount allocable to such distributions of such principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw such Rounding Amount from the Rounding AccountAccount the applicable Rounding Amount. On each succeeding Distribution Date, prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to such Class of Special Retail Certificates or its Corresponding Class by Pro Rata AllocationDate, with respect to which the Master Servicer Trustee determines that amounts are available out of the Available Distribution Amount for distributions of principal is required to be distributed to such on the Class pursuant to Section 4.05(a)(ii)A-3 Certificates, the aggregate amount of allocable to such principal Class will be applied first to repay to the Rounding Account replenish any funds withdrawn from such the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of such the aggregate amount allocable to distributions of principal to the Class A-3 Certificates is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw from the Rounding Account, to the extent funds are available therein, the amount so notified by the Master Servicerapplicable Rounding Amount. Any amounts withdrawn by the Trustee from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of the Class of Special Retail Certificates A-3 Certificateholders as described in the immediately preceding paragraph (and shall be deemed to have been distributed to the Corresponding Class of such Class of Special Retail Certificates, as applicable, and deposited for its benefit into paragraph. Funds held in the Certificate Account shall be invested in accordance with Section 4.04(ii))Eligible Investments which shall mature not later than one Business Day prior to the Distribution Date. Amounts on deposit in the The Rounding Account shall not be invested. On an "outside revenue fund" under the first Distribution Date after the earliest of (i) the Credit Support Depletion DateREMIC Provisions that is beneficially owned for all federal income tax purposes by Bear, (ii) the date on which any loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation and (iii) the date on which the Class Principal Balance of Special Retail Certificates has been reduced to zero, the Trustee shall remit any amounts then remaining on deposit in the Rounding Account to the Holders of the Class R-2 Certificates.Xxxxxxx & Co. Inc.

Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee shall establish a separate account (the "Rounding Account") with respect to Class A-10 Certificates, and the Underwriter Banc of America Securities LLC shall deposit $999.99 in the such Rounding Account. The Master Servicer Trustee shall maintain such account to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. For If, on any Distribution Date, the Class Trustee determines that amounts are available out of the Pool Distribution Amount (after giving effect to the last sentence of this paragraph) for distributions of principal on the Special Retail Certificates, on the first Distribution Date with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), and the aggregate amount of such principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior allocable to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw such Rounding Amount from the Rounding Account. On each succeeding Distribution Date, prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to such Class of Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), the aggregate amount of such principal will be applied first to repay to the Rounding Account any funds withdrawn from such Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of such aggregate amount distributions of principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw from the Rounding AccountAccount an amount which, when added to the extent funds amount allocable to such distributions of principal, would be an integral multiple of $1,000 (the "Rounding Amount"). On each Distribution Date prior to the earlier of (a) the Senior Credit Support Depletion Date and (b) the date on which any loss is allocated to the Special Retail Certificates, with respect to which the Trustee determines that amounts are available thereinout of the Pool Distribution Amount for distributions of principal on the Special Retail Certificates, the aggregate amount so notified by allocable to such Class will be applied first to repay any funds withdrawn from the Master ServicerRounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of the Class of Special Retail Certificates as described in the immediately preceding paragraph (and shall be deemed to have been distributed to the Corresponding Class of such Class of Special Retail Certificates, as applicable, and deposited for its benefit into the Certificate Account in accordance with Section 4.04(ii)). Amounts on deposit in the Rounding Account shall not be investedparagraph. On the first Distribution Date or promptly after the earliest earlier of (i) the Senior Credit Support Depletion Date, Date and (ii) the date on which any loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation and (iii) the date on which the Class Principal Balance of Special Retail Certificates has been reduced to zeroCertificates, the Trustee shall remit to Banc of America Securities LLC any amounts then remaining in the Rounding Account. Amounts on deposit in the Rounding Account shall not be invested. The Rounding Account established hereunder, to the Holders extent that it constitutes a "reserve fund" for purposes of the Class R-2 CertificatesREMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) such Rounding Account shall be an outside reserve fund and not an asset of the REMIC, (B) such Rounding Account shall be owned for federal tax purposes by Banc of America Securities LLC and Banc of America Securities LLC shall report all amounts of income, deduction, gain or loss accruing therefrom, and (C) amounts transferred by the REMIC to the Rounding Account shall be treated for all federal tax purposes as distributed by the REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee Trust Administrator shall establish a separate account (the “Rounding Account”) with respect to the Special Retail Certificates, and the Underwriter shall deposit an amount equal to $999.99 in the Rounding Account. The Master Servicer Trust Administrator shall maintain such account the Rounding Account to provide, if needed, the Rounding Amount (defined below) on any Distribution Date. For If, on any Distribution Date, the Class Trust Administrator determines based on the information provided by the Master Servicer that amounts are available out of the Group 2 Available Funds (after giving effect to the last sentence of this paragraph) for distributions of principal on the Special Retail Certificates, on the first Distribution Date with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), and the aggregate amount of such principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior allocable to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw such Rounding Amount from the Rounding Account. On each succeeding Distribution Date, prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to such Class of Special Retail Certificates or its Corresponding Class by Pro Rata Allocation, with respect to which the Master Servicer determines that principal is required to be distributed to such Class pursuant to Section 4.05(a)(ii), the aggregate amount of such principal will be applied first to repay to the Rounding Account any funds withdrawn from such Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of such aggregate amount distributions of principal is not an amount equal to an integral multiple of $1,000, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee Trust Administrator shall withdraw from the Rounding AccountAccount an amount which, when added to the extent funds amount allocable to such distributions of principal for the Special Retail Certificates, would be an integral multiple of $1,000 (the “Rounding Amount”). On each Distribution Date prior to the date on which any Realized Loss would decrease the Class Principal Balance of the Special Retail Certificates, with respect to which the Trust Administrator determines that amounts are available thereinout of Group 2 Available Funds for distributions of principal on the Special Retail Certificates, the aggregate amount so notified by allocable to such Class will be applied first to repay any funds withdrawn from the Master ServicerRounding Account on prior Distribution Dates which have not been repaid. For federal tax return and information reporting purposes, the Rounding Account shall be considered to have a value of $999.99. Any amounts withdrawn by the Trustee Trust Administrator from the Rounding Account shall be deposited in the Certificate Distribution Account for distribution to the Holders of the Class of Special Retail Certificates as described in the immediately preceding paragraph (and paragraph. On or promptly after the date the Class Principal Balance of the Special Retail Certificates has been reduced to zero or the date on which the Class 1-A-3 Insurer fails to make an Insured Payment in respect of principal, the Trust Administrator shall be deemed to have been distributed remit to the Corresponding Class of such Class of Special Retail Certificates, as applicable, and deposited for its benefit into Underwriter any amounts remaining in the Certificate Account in accordance with Section 4.04(ii))Rounding Account. Amounts on deposit in the Rounding Account shall not be invested. On The Rounding Account established hereunder shall be an asset of the first Distribution Date after the earliest of Master REMIC, (iB) the Credit Support Depletion DateRounding Account Regular Interest shall be owned for federal tax purposes by the Underwriter and the Underwriter shall report all amounts of income, (ii) the date on which any deduction, gain or loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation accruing therefrom, and (iiiC) the date on which the Class Principal Balance of Special Retail Certificates has been reduced to zero, the Trustee shall remit any amounts then remaining on deposit in transferred from the Rounding Account to the Holders of Underwriter shall be treated for all federal tax purposes as distributed by the Class R-2 CertificatesMaster REMIC on the Rounding Account Regular Interest.

Maintenance of the Rounding Account; Collections Thereunder. On or prior to the Closing Date, the Trustee Master Servicer shall establish the Rounding Account, which shall be non-interest bearing, and the Underwriter Countrywide Securities Corporation shall deposit $999.99 in the Rounding Account1,999.98 therein. The Master Servicer shall maintain such account to provide, if needed, the applicable Rounding Amount on any Distribution Date. For the Class of Special Retail Certificates, on On the first Distribution Date with respect to which the Master Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal is required to be distributed to such on the Class pursuant to Section 4.05(a)(ii)A-14 Certificates or Class A-16 Certificates, and the aggregate amount allocable to such distributions of such principal is not an amount equal to an integral multiple of $1,0001,000.00, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw such Rounding Amount from the Rounding AccountAccount the applicable Rounding Amount. On each succeeding Distribution Date, prior to the earlier of (i) the Credit Support Depletion Date and (ii) the date on which any loss is allocated to such Class of Special Retail Certificates or its Corresponding Class by Pro Rata AllocationDate, with respect to which the Master Servicer determines that amounts are available out of the Available Distribution Amount for distributions of principal is required to be distributed to such on the Class pursuant to Section 4.05(a)(ii)A-14 Certificates or Class A-16 Certificates, the aggregate amount of allocable to such principal Class A-14 and Class A-16 Certificate, respectively, will be applied first to repay to the Rounding Account replenish any funds withdrawn from such the Rounding Account on prior Distribution Dates which have not been repaid. If the remainder of such the aggregate amount allocable to distributions of principal on each such Class is not an amount equal to an integral multiple of $1,0001,000.00, the Master Servicer shall notify the Trustee by Noon New York City time two Business Days prior to such Distribution Date of the Rounding Amount, and the Trustee shall withdraw from the Rounding Account, to the extent funds are available therein, the amount so notified by the Master Servicerapplicable Rounding Amount. Any amounts withdrawn by the Trustee Master Servicer from the Rounding Account shall be deposited in the Certificate Account for distribution to the Holders of the Class of Special Retail A-14 Certificates and Class A-16 Certificates, as applicable, as described in the immediately preceding paragraph (and shall be deemed to have been distributed to the Corresponding Class of such Class of Special Retail Certificates, as applicable, and deposited for its benefit into paragraph. Funds held in the Certificate Account shall be invested as described in accordance with Section 4.04(ii)). Amounts on deposit in the Rounding Account shall not be invested4.05. On the first Distribution Date or promptly after the earliest of (i) the Credit Support Depletion Date, (ii) the date on which Master Servicer shall be entitled to withdraw and pay to itself as additional compensation any loss is allocated to the Special Retail Certificates or their Corresponding Class by Pro Rata Allocation and (iii) the date on which the Class Principal Balance of Special Retail Certificates has been reduced to zero, the Trustee shall remit any remaining amounts then remaining on deposit in the Rounding Account to the Holders of the Class R-2 Certificates.Account. [END OF ARTICLE V]