Common use of OPTIONAL REDEMPTION OF THE BONDS Clause in Contracts

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the Bond Interest Rate through such Payment Date (including any Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________August, 2005. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the Bond Interest Rate through such Payment Date (including any Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________June 2004. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the Bond Interest Rate through such Payment Date (including any Available Funds Cap Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Holder of the Certificates shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans is less than or equal to 2520% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________January 2012. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond InsurerTrustee).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 2520% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off Date and end of the Original Pre-Funded Amount prior Due Period or (ii) the Payment Date occurring in _______________December 2010. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________December 2004. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the Bond Interest Rate through such Payment Date (including any Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Holder of the Certificates shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans is less than or equal to 2520% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________November 2011. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond InsurerTrustee).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________July 2006. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________April, 2005. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the Bond Interest Rate through such Payment Date (including any Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the end of the prior Due Period is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date Balance and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________March 2013. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee Trustee) and plus an amount equal to any amounts owing to the Bond Insurer)Derivative Contract Counterparty under the Derivative Contracts.

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the end of the prior Due Period is less than or equal to 25% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________November 2013. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any related Unpaid Interest Shortfall and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee Trustee) and plus an amount equal to any amounts owing to the Bond Insurer)Derivative Contract Counterparty under the Derivative Contracts.

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the end of the prior Due Period is less than or equal to 25% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________July 2013. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any related Unpaid Interest Shortfall and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer)) and plus an amount equal to any amounts owing to the Derivative Contract Counterparty under the Derivative Contracts.

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the end of the prior Due Period is less than or equal to 25% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________November 2012. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any related Unpaid Interest Shortfall and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the end of the prior Due Period is less than or equal to 25% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________February 2014. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any related Unpaid Interest Shortfall and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee Trustee) and plus an amount equal to any amounts owing to the Bond Insurer)Derivative Contract Counterparty under the Derivative Contracts.

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Majority Certificateholder shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the end of the prior Due Period is less than or equal to 25% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date Balance and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________May 2013. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee Trustee) and plus an amount equal to any amounts owing to the Bond Insurer)Derivative Contract Counterparty under the Derivative Contracts.

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Principal Balance of the Initial Mortgage Loans is less than or equal to 2520% of the sum of the aggregate Principal Balance of the Initial Mortgage Loans as of the Cut-Off Date and end of the Original Pre-Funded Amount prior Due Period or (ii) the Payment Date occurring in _______________February 2010. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).

OPTIONAL REDEMPTION OF THE BONDS. (a) The Issuer Holder of the Certificates shall have the option to redeem the Bonds in whole, but not in part, on any Payment Date on or after the earlier of (i) the Payment Date on which the aggregate Stated Principal Balance of the Initial Mortgage Loans is less than or equal to 2520% of the sum of the aggregate Stated Principal Balance of the Initial Mortgage Loans as of the Cut-Off off Date and the Original Pre-Funded Amount or (ii) the Payment Date occurring in _______________March 2012. The aggregate redemption price for the Bonds will be equal to the unpaid Bond Principal Balance of the Bonds as of the Payment Date on which the proposed redemption will take place in accordance with the foregoing, together with accrued and unpaid interest thereon at the applicable Bond Interest Rate through such Payment Date (including any Unpaid Interest Shortfalls and Basis Risk Shortfall Carry-Forward Amount), plus an amount sufficient to pay in full all amounts owing to the Bond Insurer and the Indenture Trustee under this Indenture and the Insurance Agreement (which amounts shall be specified in writing upon request of the Issuer by the Indenture Trustee and the Bond Insurer).