Common use of Optional Purchase by the Master Servicer Clause in Contracts

Optional Purchase by the Master Servicer. of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans....................99 Section 9.02. Additional Termination Requirements.............................103 Section 9.03. Termination of Multiple REMICs..................................104 ARTICLE X REMIC PROVISIONS...........................................................104 Section 10.01. REMIC Administration............................................104 Section 10.02. Master Servicer, REMIC Administrator and Trustee Indemnification.................................................107 Section 10.03. Designation of REMIC(s).........................................108 ARTICLE XI MISCELLANEOUS PROVISIONS...................................................108 Section 11.01. Amendment.......................................................108 Section 11.02. Recordation of Agreement; Counterparts..........................111 Section 11.03. Limitation on Rights of Certificateholders......................111 Section 11.04. Governing Law...................................................112 Section 11.05. Notices.........................................................112 Section 11.06. Required Notices to Rating Agency and Subservicer...............112 Section 11.07. Severability of Provisions......................................113 Section 11.08. Supplemental Provisions for Resecuritization....................113 Section 11.09. Allocation of Voting Rights.....................................114 ARTICLE XII COMPLIANCE WITH REGULATION AB..............................................114 Section 12.01. Intent of Parties; Reasonableness...............................114 Section 12.02. Additional Representations and Warranties of the Trustee........114 Section 12.03. Information to be Provided by the Trustee.......................115 Section 12.04. Report on Assessment of Compliance and Attestation..............116 Section 12.05. Indemnification; Remedies.......................................116 TABLE OF CONTENTS (continued) EXHIBITS Exhibit A: Form of Class A Certificate Exhibit B: Form of Class M Certificate Exhibit C: Form of Class B Certificate Exhibit D: Form of Class R Certificate Exhibit E: Form of Seller/Servicer Contract Exhibit F: Forms of Request for Release Exhibit G-1: Form of Transfer Affidavit and Agreement Exhibit G-2: Form of Transferor Certificate Exhibit H: Form of Investor Representation Letter Exhibit I: Form of Transferor Representation Letter Exhibit J: Form of Rule 144A Investment Representation Letter Exhibit K: Text of Amendment to Pooling and Servicing Agreement Pursuant to Section 11.01(e) for a Limited Guaranty Exhibit L: Form of Limited Guaranty Exhibit M: Form of Lender Certification for Assignment of Mortgage Loan Exhibit N: Request for Exchange Form Exhibit O: Form of Form 10-K Certification Exhibit P: Form of Back-Up Certification to Form 10-K Certificate Exhibit Q: Information to be Provided by the Master Servicer to the Rating Agencies Relating to Reportable Modified Mortgage Loans Exhibit R: Servicing Criteria This is the Standard Terms of Pooling and Servicing Agreement, dated as of June 1, 2006 (the "Standard Terms", and as incorporated by reference into a Series Supplement dated as of the Cut-off Date, the "Pooling and Servicing Agreement" or "Agreement"), among RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC., as the company (together with its permitted successors and assigns, the "Company"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and the trustee named in the applicable Series Supplement (together with its permitted successors and assigns, the "Trustee").

Optional Purchase by the Master Servicer. of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans....................99 Section 9.02. Additional Termination Requirements.............................103 Section 9.03. Termination of Multiple REMICs..................................104 ARTICLE X REMIC PROVISIONS...........................................................104 Section 10.01. REMIC Administration............................................104 Section 10.02. Master Servicer, REMIC Administrator and Trustee Indemnification.................................................107 Section 10.03. Designation of REMIC(s).........................................108 ARTICLE XI MISCELLANEOUS PROVISIONS...................................................108 Section 11.01. Amendment.......................................................108 Section 11.02. Recordation of Agreement; Counterparts..........................111 Section 11.03. Limitation on Rights of Certificateholders......................111 Section 11.04. Governing Law...................................................112 Section 11.05. Notices.........................................................112 Section 11.06. Required Notices to Rating Agency and Subservicer...............112 Section 11.07. Severability of Provisions......................................113 Section 11.08. Supplemental Provisions for Resecuritization....................113 Section 11.09. Allocation of Voting Rights.....................................114 ARTICLE XII COMPLIANCE WITH REGULATION AB..............................................114 Section 12.01. Intent of Parties; Reasonableness...............................114 Section 12.02. Additional Representations and Warranties of the Trustee........114 Section 12.03. Information to be Provided by the Trustee.......................115 Section 12.04. Report on Assessment of Compliance and Attestation..............116 115 Section 12.05. Indemnification; Remedies.......................................116 TABLE OF CONTENTS (continued) EXHIBITS Exhibit A: Form of Class A Certificate Exhibit B: Form of Class M Certificate Exhibit C: Form of Class B Certificate Exhibit D: Form of Class R Certificate Exhibit E: Form of Seller/Servicer Contract Exhibit F: Forms of Request for Release Exhibit G-1: Form of Transfer Affidavit and Agreement Exhibit G-2: Form of Transferor Certificate Exhibit H: Form of Investor Representation Letter Exhibit I: Form of Transferor Representation Letter Exhibit J: Form of Rule 144A Investment Representation Letter Exhibit K: Text of Amendment to Pooling and Servicing Agreement Pursuant to Section 11.01(e) for a Limited Guaranty Exhibit L: Form of Limited Guaranty Exhibit M: Form of Lender Certification for Assignment of Mortgage Loan Exhibit N: Request for Exchange Form Exhibit O: Form of Form 10-K Certification Exhibit P: Form of Back-Up Certification to Form 10-K Certificate Exhibit Q: Information to be Provided by the Master Servicer to the Rating Agencies Relating to Reportable Modified Mortgage Loans Exhibit R: Servicing Criteria This is the Standard Terms of Pooling and Servicing Agreement, dated as of June January 1, 2006 (the "Standard Terms", and as incorporated by reference into a Series Supplement dated as of the Cut-off Date, the "Pooling and Servicing Agreement" or "Agreement"), among RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC., as the company (together with its permitted successors and assigns, the "Company"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and the trustee named in the applicable Series Supplement (together with its permitted successors and assigns, the "Trustee").

Optional Purchase by the Master Servicer. of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans....................Loans ...............................99 Section 9.02. Additional Termination Requirements.............................103 Section 9.03. Termination of Multiple REMICs..................................104 ARTICLE X REMIC PROVISIONS...........................................................104 Section 10.01. REMIC Administration............................................104 Section 10.02. Master Servicer, REMIC Administrator and Trustee Indemnification.................................................107 Indemnification107 Section 10.03. Designation of REMIC(s).........................................108 ARTICLE XI MISCELLANEOUS PROVISIONS...................................................108 Section 11.01. Amendment.......................................................108 Section 11.02. Recordation of Agreement; Counterparts..........................111 Section 11.03. Limitation on Rights of Certificateholders......................111 Section 11.04. Governing Law...................................................112 Section 11.05. Notices.........................................................112 Section 11.06. Required Notices to Rating Agency and Subservicer...............112 Section 11.07. Severability of Provisions......................................113 Section 11.08. Supplemental Provisions for Resecuritization....................113 Section 11.09. Allocation of Voting Rights.....................................114 ARTICLE XII COMPLIANCE WITH REGULATION AB..............................................114 Section 12.01. Intent of Parties; Reasonableness...............................114 Section 12.02. Additional Representations and Warranties of the Trustee........114 Section 12.03. Information to be Provided by the Trustee.......................115 Section 12.04. Report on Assessment of Compliance and Attestation..............116 Section 12.05. Indemnification; Remedies.......................................116 TABLE OF CONTENTS (continued) EXHIBITS Exhibit A: Form of Class A Certificate Exhibit B: Form of Class M Certificate Exhibit C: Form of Class B Certificate Exhibit D: Form of Class R Certificate Exhibit E: Form of Seller/Servicer Contract Exhibit F: Forms of Request for Release Exhibit G-1: Form of Transfer Affidavit and Agreement Exhibit G-2: Form of Transferor Certificate Exhibit H: Form of Investor Representation Letter Exhibit I: Form of Transferor Representation Letter Exhibit J: Form of Rule 144A Investment Representation Letter Exhibit K: Text of Amendment to Pooling and Servicing Agreement Pursuant to Section 11.01(e) for a Limited Guaranty Exhibit L: Form of Limited Guaranty Exhibit M: Form of Lender Certification for Assignment of Mortgage Loan Exhibit N: Request for Exchange Form Exhibit O: Form of Form 10-K Certification Exhibit P: Form of Back-Up Certification to Form 10-K Certificate Exhibit Q: Information to be Provided by the Master Servicer to the Rating Agencies Relating to Reportable Modified Mortgage Loans Exhibit R: Servicing Criteria This is the Standard Terms of Pooling and Servicing Agreement, dated as of June January 1, 2006 (the "Standard Terms", and as incorporated by reference into a Series Supplement dated as of the Cut-off Date, the "Pooling and Servicing Agreement" or "Agreement"), among RESIDENTIAL FUNDING MORTGAGE SECURITIES I, INC., as the company (together with its permitted successors and assigns, the "Company"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and the trustee named in the applicable Series Supplement (together with its permitted successors and assigns, the "Trustee").