Common use of Maintenance of the Rounding Accounts Clause in Contracts

Maintenance of the Rounding Accounts. Collections Thereunder On or prior to the Closing Date, the Trustee shall establish two separate accounts (each, a "Rounding Account") with respect to each Class of Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into each Rounding Account. The Trustee shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 (after giving effect to the repayment of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid) for distributions of principal on the Class 1-A-7 and Class 1-A-13 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee shall withdraw from the related Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 and Class 1-A-13 Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 for distributions of principal on the Class 1-A-7 and Class 1-A-13 Certificates, the aggregate amount allocable to such Certificates will be applied first to repay any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the Rounding Accounts shall be deposited in the Certificate Account for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 or Class 1-A-13 Certificates or the Class Certificate Balance thereof is reduced to zero, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the Rounding Account relating to the Class 1-A-7 or Class 1-A-13 Certificates. Amounts on deposit in a Rounding Account shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each Rounding Account shall be an outside reserve fund and not an asset of any of the Upper-Tier REMIC, Middle-Tier REMIC or Lower-Tier REMIC, (B) each 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 Lower-Tier REMIC to a Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Accounts. Collections Thereunder Thereunder. On or prior to the Closing Date, the Trustee Securities Administrator shall establish two three separate accounts (each, a "Rounding Account") with respect to each Class of Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into each Rounding Account. The Trustee Securities Administrator shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee Securities Administrator determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 4 (after giving effect to the repayment of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid) for distributions of principal on a Class of the Class 1-A-7 and Class 1-A-13 Special Retail Certificates Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee Securities Administrator shall withdraw from the related Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the Class 14-A-7 and A-15, Class 14-A-13 A-16 or Class 4-A-17 Certificates, with respect to which the Trustee Securities Administrator determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 4 for distributions of principal on the Class 14-A-7 and A-15, Class 14-A-13 A-16 or Class 4-A-17 Certificates, the aggregate amount allocable to such Certificates will be applied first to repay any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee Securities Administrator from the Rounding Accounts shall be deposited in the Certificate Account for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date on which any Realized Loss would decrease the Class Certificate Balance of the Class 14-A-7 A-15, Class 4-A-16 or Class 14-A-13 A-17 Certificates or the Class Certificate Balance thereof is reduced to zero, the Trustee Securities Administrator shall remit to Banc of America Securities LLC any amounts remaining in the Rounding Account relating to the Class 14-A-7 A-15, Class 4-A-16 or Class 14-A-13 A-17 Certificates. Amounts on deposit in a Rounding Account shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each Rounding Account shall be an outside reserve fund and not an asset of any of the Upper-Tier REMIC, Middle-Tier REMIC or Lower-Tier REMIC, (B) each 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 Lower-Tier any REMIC to a Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier such REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Accounts. Collections Thereunder On or prior to the Closing Date, the Trustee shall establish two separate accounts (each, a "Rounding Account") with respect to each Class of Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into each Rounding Account. The Trustee shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 (after giving effect to the repayment of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid) for distributions of principal on the Class 1-A-7 and A-11 Certificates or (ii) the Pool Distribution Amount for Loan Group 5 (after giving effect to the repayment of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid) or out of payments on the Policy for distributions of principal on the Class 15-A-13 A-16 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee shall withdraw from the related Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 and Class 1-A-13 A-11 Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 for distributions of principal on the Class 1-A-7 and Class 1-A-13 A-11 Certificates, the aggregate amount allocable to such Certificates will be applied first to repay any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid. In addition, on each Distribution Date prior to the date on which MBIA fails to make an Insured Payment in respect of principal of the Class 5-A-16 Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 5 for distributions of principal on the Class 5-A-16 Certificates, the aggregate amount allocable to such Certificates will be applied first to repay any funds withdrawn from the applicable Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the Rounding Accounts shall be deposited in the Certificate Account for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date (a) on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 or Class 1-A-13 A-11 Certificates or the Class Certificate Balance thereof is reduced to zero, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the Rounding Account relating to the Class 1-A-7 A-11 Certificates or (b) on which MBIA fails to make an Insured Payment in respect of principal on the Class 15-A-13 A-16 Certificates or the Class Certificate Balance thereof is reduced to zero, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the Rounding Account relating to the Class 5-A-16 Certificates. Amounts on deposit in a Rounding Account shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each Rounding Account shall be an outside reserve fund and not an asset of any of the Upper-Tier REMIC, Middle-Tier REMIC or Lower-Tier REMIC, (B) each 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 Lower-Tier REMIC to a Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Accounts. Collections Thereunder On or prior to the Closing Date, the Trustee shall establish two a separate accounts account (each, a "Rounding Account") with respect to each Class of the Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into in each such Rounding Account. The Trustee shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 (after giving effect to the repayment last sentence of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaidthis paragraph) for distributions of principal on the Class 1-A-7 and Class 1-A-13 Special Retail Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee shall withdraw from the related applicable Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the a Class 1-A-7 and Class 1-A-13 of Special Retail Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 for distributions of principal on the any Class 1-A-7 and Class 1-A-13 of Special Retail Certificates, the aggregate amount allocable to such Certificates will be applied first to repay any funds withdrawn from the related applicable Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the any Rounding Accounts Account shall be deposited in the Certificate Account for Group 1 for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date on which any Realized Loss would decrease the Class Certificate Balance of the a Class 1-A-7 or Class 1-A-13 Certificates or the Class Certificate Balance thereof is reduced to zeroof Special Retail Certificates, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the applicable Rounding Account relating to the Class 1-A-7 or Class 1-A-13 CertificatesAccount. Amounts on deposit in a the Rounding Account Accounts shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each such Rounding Account shall be an outside reserve fund and not an asset of any of the Upper-Tier REMIC, Middle-Tier REMIC or Lower-Tier REMIC, (B) each 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 Lower-Tier REMIC to a any Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Accounts. Collections Thereunder On or prior to the Closing Date, the Trustee shall establish two separate accounts (each, a "Rounding Account") with respect to each Class of Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into each Rounding Account. The Trustee shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 (after giving effect to the repayment of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid) for distributions of principal on the Class 1-A-7 A-2, Class 1-A-3 and Class 1-A-13 A-4 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee shall withdraw from the related Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 A-2, Class 1-A-3 and Class 1-A-13 A-4 Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 for distributions of principal on the Class 1-A-7 A-2, Class 1-A-3 and Class 1-A-13 A-4 Certificates, the aggregate amount allocable to such Certificates will be applied first to repay any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the Rounding Accounts shall be deposited in the Certificate Account for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 A-2, Class 1-A-3 or Class 1-A-13 A-4 Certificates or the Class Certificate Balance thereof is reduced to zero, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the Rounding Account relating to the Class 1-A-7 A-2, Class 1-A-3 or Class 1-A-13 A-4 Certificates. Amounts on deposit in a Rounding Account shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each Rounding Account shall be an outside reserve fund and not an asset of any of the Upper-Tier REMIC, Middle-Tier REMIC or Lower-Tier REMIC, (B) each 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 Lower-Tier REMIC to a Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Accounts. Collections Thereunder On or prior to the Closing Date, the Trustee shall establish two a separate accounts account (each, a "Rounding Account") with respect to each Class of the Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into in each such Rounding Account. The Trustee shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 (after giving effect to the repayment last sentence of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaidthis paragraph) for distributions of principal on any Class of the Class 1-A-7 and Class 1-A-13 Special Retail Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee shall withdraw from the related applicable Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the a Class 1-A-7 and Class 1-A-13 of Special Retail Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 for distributions of principal on the any Class 1-A-7 and Class 1-A-13 of Special Retail Certificates, the aggregate amount allocable to such Certificates Class will be applied first to repay any funds withdrawn from the related applicable Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the any Rounding Accounts Account shall be deposited in the Certificate Account for Group 1 for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date on which any Realized Loss would decrease the Class Certificate Balance of the a Class 1-A-7 or Class 1-A-13 Certificates or the Class Certificate Balance thereof is reduced to zeroof Special Retail Certificates, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the applicable Rounding Account relating to the Class 1-A-7 or Class 1-A-13 CertificatesAccount. Amounts on deposit in a the Rounding Account Accounts shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each such Rounding Account shall be an outside reserve fund and not an asset of any either of the Upper-Tier REMIC, Middle-Tier REMIC or Lower-Tier REMIC, (B) each 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 Lower-Tier REMIC to a any Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Accounts. Collections Thereunder On or prior to the Closing Date, the Trustee shall establish two a separate accounts account (each, a "Rounding Account") with respect to each Class of the Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into in each such Rounding Account. The Trustee shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 (after giving effect to the repayment last sentence of any funds withdrawn from this paragraph) or out of payments on the related Rounding Account on prior Distribution Dates which have not been repaid) Policy for distributions of principal on any Class of the Class 1-A-7 and Class 1-A-13 Special Retail Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee shall withdraw from the related applicable Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the a Class 1-A-7 and Class 1-A-13 of Special Retail Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 for distributions of principal on the any Class 1-A-7 and Class 1-A-13 of Special Retail Certificates, the aggregate amount allocable to such Certificates Class will be applied first to repay any funds withdrawn from the related applicable Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the any Rounding Accounts Account shall be deposited in the Certificate Account for Group 1 for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date on which any Realized Loss would decrease the Class Certificate Balance of a Class of Special Retail Certificates (other than the Class 1-A-7 or A-1 Certificates) or, with respect to the Class 1-A-13 Certificates or A-1 Certificates, the Class Certificate Balance thereof is reduced date on which MBIA fails to zeromake an Insured Payment in respect of principal, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the applicable Rounding Account relating to the Class 1-A-7 or Class 1-A-13 CertificatesAccount. Amounts on deposit in a the Rounding Account Accounts shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each such Rounding Account shall be an outside reserve fund and not an asset of any either of the Upper-Tier REMIC, Middle-Tier REMIC or Lower-Tier REMIC, (B) each 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 Lower-Tier REMIC to a any Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier REMIC to Banc of America Securities LLC.

Maintenance of the Rounding Accounts. Collections Thereunder On or prior to the Closing Date, the Trustee shall establish two separate accounts (each, a "Rounding Account") with respect to each Class of Special Retail Certificates, and Banc of America Securities LLC shall deposit $999.99 into each Rounding Account. The Trustee shall maintain such accounts to provide, if needed, the applicable Rounding Amount (defined below) on any Distribution Date. If, on any Distribution Date, the Trustee determines that amounts are available out of (i) the Pool Distribution Amount for Loan Group 1 (after giving effect to the repayment of any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid) for distributions of principal on the Class 1-A-7 A-10 and Class 1-A-13 A-11 Certificates, and the aggregate amount allocable to such distributions of principal is not an amount equal to an integral multiple of $1,000, the Trustee shall withdraw from the related Rounding Account an amount which, when added to the 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 date on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 A-10 and Class 1-A-13 A-11 Certificates, with respect to which the Trustee determines that amounts are available out of the Pool Distribution Amount for Loan Group 1 for distributions of principal on the Class 1-A-7 A-10 and Class 1-A-13 A-11 Certificates, the aggregate amount allocable to such Certificates will be applied first to repay any funds withdrawn from the related Rounding Account on prior Distribution Dates which have not been repaid. Any amounts withdrawn by the Trustee from the Rounding Accounts shall be deposited in the Certificate Account for distribution to the Holders of the Special Retail Certificates as described in the preceding paragraph. On or promptly after the date on which any Realized Loss would decrease the Class Certificate Balance of the Class 1-A-7 A-10 or Class 1-A-13 A-11 Certificates or the Class Certificate Balance thereof is reduced to zero, the Trustee shall remit to Banc of America Securities LLC any amounts remaining in the Rounding Account relating to the Class 1-A-7 A-10 or Class 1-A-13 A-11 Certificates. Amounts on deposit in a Rounding Account shall not be invested. Each Rounding Account established hereunder, to the extent that it constitutes a "reserve fund" for purposes of the REMIC Provisions, shall be an "outside reserve fund" as defined in Section 1.860G-2(h) of the Treasury Regulations, and in that regard (A) each Rounding Account shall be an outside reserve fund and not an asset of any of the Upper-Tier REMIC, MiddleGroup 1 Lower-Tier REMIC or Group 2 Lower-Tier REMIC, (B) each 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 Lower-Tier REMIC REMICs to a Rounding Account shall be treated for all federal tax purposes as distributed by the Lower-Tier REMIC REMICs to Banc of America Securities LLC.