Master REMIC. The following table sets forth characteristics of the Certificates, each of which, except for the Class R-3 Interests, the Class AR-L Certificates, and the Class AR Certificates (and the right to receive Basis Risk Carryforward, in the case of the Class VI-A-1, Class VI-A-2, Class VI-A-3, Class VI-A-4, Class VI-M-1, Class VI-M-2 and Class VI-M-3 Certificates and payments under the Interest Rate Cap Agreement in the case of the Class VI-A-4 Certificates), is hereby designated as a “regular interest” in the Master REMIC, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount and, in addition, one Residual Certificate representing the Tax Matters Person Certificate may be issued in a different amount): Class Principal Balance Pass-Through Rate (per annum) Minimum Denomination Integral Multiples in Excess of Minimum Class I-A-1 $105,534,000 Variable(1) $25,000 $1 Class I-AS(2) (3) 0.02% N/A N/A Class II-A-1 $212,757,000 Variable(4) $25,000 $1 Class II-AS(2) (3) 0.02% N/A N/A Class III-A-1 $38,901,000 Variable (5) $25,000 $1 Class IV-A-1 $58,186,000 Variable (6) $25,000 $1 Class V-A-1 $112,708,000 Variable (7) $25,000 $1 Class AR (8) $50 Variable(1) (9) (9) Class AR-L (10) $50 Variable(1) (11) (11) Class VI-A-1 $111,825,000 Variable(12) $25,000 $1 Class VI-A-2 $64,000,000 Variable(13) $25,000 $1 Class VI-A-3 $21,500,000 Variable(14) $25,000 $1 Class VI-A-4 $52,125,000 Variable(15) $25,000 $1 Class VI-M-1 $7,914,000 Variable(16) $25,000 $1 Class VI-M-2 $3,962,000 Variable(17) $25,000 $1 Class VI-M-3 $2,637,942 Variable(18) $25,000 $1 Class C-B-1 $8,801,000 Variable(19) $25,000 $1 Class C-B-2 $4,951,000 Variable(19) $25,000 $1 Class C-B-3 $3,026,000 Variable(19) $25,000 $1 Class C-B-4 $1,925,000 Variable(19) $25,000 $1 Class C-B-5 $2,200,000 Variable(19) $25,000 $1 Class C-B-6 $1,101,064 Variable(19) $25,000 $1 Class VI-X (20) Variable(21) (22) $1 _______________
Master REMIC. As provided herein, the Trustee shall elect to treat the segregated pool of assets consisting of the Middle REMIC Regular Interests as a REMIC for federal income tax purposes, and such segregated pool of assets shall be designated as the “Master REMIC.” The Master REMIC shall also issue the Class R-III Interest, which shall evidence the sole class of “residual interests” in the Master REMIC for purposes of the REMIC Provisions under federal income tax law. The following table irrevocably sets forth the designation, the Pass-Through Rate, and the initial aggregate Certificate Principal Balance for the indicated Class of Certificates. Designation Pass-Through Rate(12) Initial Aggregate Certificate Principal Balance Latest Possible Maturity Date(1) Class 1-A-1 Variable(2) $ 24,753,000 April 25, 2046 Class 1-A-2 Variable(2) $ 112,376,000 April 25, 2046 Class 1-A-3 Variable(2) $ 37,459,000 April 25, 2046 Class 2-A-1 Variable(3) $ 258,807,000 April 25, 2046 Class 3-A-1 Variable(4) $ 187,795,000 April 25, 2046 Class 3-A-2 Variable(4) $ 93,897,000 April 25, 2046 Class 3-A-3 Variable(4) $ 31,299,000 April 25, 2046 Class 4-A-1 Variable(2) $ 40,507,000 April 25, 2046 Class 4-A-2 Variable(2) $ 20,254,000 April 25, 2046 Class 4-A-3 Variable(2) $ 6,751,000 April 25, 2046 Class X (5) (6) April 25, 2046 Class XN (7) (8) April 25, 2046 Class M-1 Variable(9) $ 34,418,000 April 25, 2046 Class M-2 Variable(9) $ 18,389,000 April 25, 2046 Class M-3 Variable(9) $ 8,395,000 April 25, 2046 Class M-4 Variable(9) $ 13,994,000 April 25, 2046 Class M-5 Variable(9) $ 10,165,000 April 25, 2046 Class M-6 Variable(9) $ 6,711,000 April 25, 2046 Class M-7 Variable(9) $ 5,586,000 April 25, 2046 Class C Interest Variable(10) $ 5,585,491 April 25, 2046 Class P Interest N/A(11) $ 100 April 25, 2046 _______________
Master REMIC. The following table sets forth characteristics of the Certificates, together with the minimum denominations and integral multiples in excess thereof in which such Classes shall be issuable (except that one Certificate of each Class of Certificates may be issued in a different amount): Initial Class Integral Multiples Principal Balance or Initial Pass- Minimum in Excess of Notional Amount Through Rate Denomination Minimum Class 1-A-1 $70,000,000 4.750% $25,000 $1 Class 2-A-1 $178,371,000 5.000% $25,000 $1 Class 3-A-1 $35,000,000 5.250% $25,000 $1 Class 4-A-1 $18,105,000 (1) $25,000 $1 Class 4-A-2 $41,089,000 (1) $25,000 $1 Class 4-A-3 $46,536,000 (1) $25,000 $1 Class PO $9,924,108 (2) $25,000 $1 Class A-X (3) 5.000% $100,000 $1 Class A-LR $50 4.750% 100% N/A Class A-UR $50 4.750% 100% N/A Class 4-B-1 $589,000 (1) $25,000 $1 Class 4-B-2 $214,000 (1) $25,000 $1 Class 4-B-3 $193,000 (1) $25,000 $1 Class 4-B-4 $117,000 (1) $25,000 $1 Class 4-B-5 $118,000 (1) $25,000 $1 Class 4-B-6 $54,035 (1) $25,000 $1 Class B-1 $1,482,000 (4) $25,000 $1 Class B-2 $594,000 (4) $25,000 $1 Class B-3 $444,000 (4) $25,000 $1 Class B-4 $297,000 (4) $25,000 $1 Class B-5 $296,000 (4) $25,000 $1 Class B-6 $149,276 (4) $25,000 $1 ______________
Master REMIC. The Master REMIC Certificates will have the original certificate principal balances and pass-through rates as set forth in the following table:
Master REMIC. The Master REMIC Certificates will have the original Class Certificate Balances and Pass-Through Rates as set forth in the following table: Original Class Class Certificate Balance Pass-Through Rate Class A-1 $537,436,000 (1) Class X $191,565,602 (2) (1) Class M-1 $13,363,000 (1) Class M-2 $4,939,000 (1) Class M-3 $3,486,000 (1) Class M-4 $2,905,000 (1) Class M-5 $2,034,000 (1) Class M-6 $2,033,000 (1) Class M-7 $2,034,000 (1) Class M-8 $2,033,000 (1) Class M-9 $2,034,000 (1) Class M-10 $2,033,000 (1) Class M-11 $2,034,000 (1) Class M-12 $2,614,000 (1) Class C (3) (4) Class P $100 (5) Class A-R $100 (6) ---------------
Master REMIC. Not applicable.
Master REMIC. The Master REMIC Certificates will have the original Class Certificate Balances and Pass-Through Rates as set forth in the following table: Class Original Class Certificate Balance Pass-Through Rate Related REMIC or Certificate Class 1-A-1 $ 112,645,000 (1) Class 1-A-1 Class 1-A-2 $ 75,097,000 (1) Class 1-A-2 Class 2-A-1 $ 185,744,000 (1) Class 2-A-1 Class 2-A-2 $ 92,872,000 (1) Class 2-A-2 Class 2-A-3 $ 30,957,000 (1) Class 2-A-3 Class X $ 276,634,820(2) 2.00% (3) Class X Class M-1 $ 13,254,000 (1) Class M-1 Class M-2 $ 10,493,000 (1) Class M-2 Class M-3 $ 3,866,000 (1) Class M-3 Class M-4 $ 3,037,000 (1) Class M-4 Class M-5 $ 2,761,000 (1) Class M-5 Class M-6 $ 2,761,000 (1) Class M-6 Class M-7 $ 2,761,000 (1) Class M-7 Class M-8 $ 1,933,000 (1) Class M-8 Class M-9 $ 2,761,000 (1) Class M-9 Class M-10 $ 8,560,000 (1) Class M-10 Class C (4) (3) REMIC C Class 1-P $100(5) (6) REMIC 1-P Class 2-P $100(5) (7) REMIC 2-P Class R-2 $100 (8) Class A-R _______________
Master REMIC. The following table specifies the class designation, interest rate, and principal amount for each class of Master REMIC Interest: [Insert chart and footnotes] ARTICLE I
Master REMIC. The Master REMIC Certificates will have the original certificate principal initial balances and pass-through rates as set forth in the following table: Original Certificate Class Principal Balance Pass-Through Rate -------------------------------------------- ---------------------- -------------------- Class 1-A............................... $ 697,000,000 (1) Class 2-A............................... $ 377,200,000 (1) Class 3-A-1............................. $ 228,313,000 (1) Class 3-A-2............................. $ 150,000,000 (1) Class 3-A-3............................. $ 34,278,000 (1) Class 3-A-4............................. $ 153,209,000 (1) Class A................................. $ 65,000,000 (1) Class M-1............................... $ 55,000,000 (1) Class M-2............................... $ 40,000,000 (1) Class M-3............................... $ 35,000,000 (1) Class M-4............................... $ 30,000,000 (1) Class M-5............................... $ 30,000,000 (1) Class M-6............................... $ 30,000,000 (1) Class M-7............................... $ 25,000,000 (1) Class B................................. $ 25,000,000 (1) Class C................................. (2) (3) Class P................................. $100 (4) Class A-R............................... $100 (5) ---------------
Master REMIC. The following table sets forth (or describes) the Class designation, Pass-Through Rate and Initial Certificate Principal Balance for each Class of Certificates which, except for the Class R Certificates, represents one or more of the "regular interests" in the Master REMIC created hereunder:
