Common use of Pool Asset Administration Clause in Contracts

Pool Asset Administration. 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related documents. Applicable; assessment below. 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements. Applicable; assessment below. 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Not applicable; no removals or substitutions of Rate Stabilization Property are contemplated or allowed under the transaction documents. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization Charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instruments. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization Charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instruments.

Pool Asset Administration. 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related documents. Applicable; assessment below. 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements. Applicable; assessment below. 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Not applicable; no removals or substitutions of Rate Stabilization Property are contemplated or allowed under the transaction documents. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria documents. 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization Charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instruments. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv1122(d)(4)(x) Payments on pool assetsRegarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, including any payoffs, made in accordance with the related obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are posted returned to the Servicer’s obligor records maintained no more than two business within 30 calendar days after receiptof full repayment of the related pool assets, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) . Applicable; Servicer maintains TPC deposit accounts in accordance with PSC rules and regulations. 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization ChargeServicer does not make payments on behalf of obligors. 1122(d)(4)(xii) is Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not an interest bearing instrument 1122(d)(4)(vi) Changes with respect charged to the terms obligor, unless the late payment was due to the obligor’s error or status omission. Not applicable; servicer cannot make advances of its own funds on behalf of customers under the transaction documents. 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are posted within two business days to the obligor’s pool assets (e.g.records maintained by the servicer, loan modifications or resuch other number of days specified in the transaction agreements. Not applicable; servicer cannot make advances of its own funds on behalf of customers to pay principal or interest on the bonds. 1122(d)(4)(xiv) Delinquencies, Charge-agings) Offs and uncollectible accounts are made, reviewed recognized and approved by authorized personnel recorded in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii1122(d)(4)(xv) Records documenting collection efforts are Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained during the period any pool asset is delinquent as set forth in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instrumentsno external enhancement is required under the transaction documents.

Pool Asset Administration. 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Applicable; assessment below. X 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements. Applicable; assessment below. agreements X Receivables Master Regulation AB Servicer Servicer Indenture Trustee Reference Servicing Criteria (GMAC) (BANA) (US Bank) 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Not applicable; no removals or substitutions of Rate Stabilization Property are contemplated or allowed under the transaction documents. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria X 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related transaction agreementspool asset documents. Applicable; assessment below. X 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balanceamount financed. Not applicable; because underlying obligation (Qualified Rate Stabilization Charge) is not an interest bearing instrument X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below X 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges N/A N/A N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are not interest bearing instruments. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv) Payments on pool assetsanalyzed, including any payoffs, made in accordance with the related obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are posted returned to the Servicer’s obligor records maintained no more than two business within 30 calendar days after receiptof full repayment of the related pool assets, or such other number of days specified in the transaction agreements, and allocated to principal, interest . X 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or other items (e.g., escrowinsurance payments) in accordance with are made on or before the related transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization Charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms penalty or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessionsexpiration dates, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based indicated on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instruments.appropriate bills or notices for X Receivables Master

Pool Asset Administration. 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related documents. Applicable; assessment below. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements. Applicable; assessment below. 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Not applicable; no removals or substitutions of Rate Stabilization Property transition property are contemplated or allowed under the transaction documents. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization Chargetransition charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges transition charges are not interest bearing instruments. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv1122(d)(4)(x) Payments on pool assetsRegarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, including any payoffs, made in accordance with the related obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are posted returned to the Servicer’s obligor records maintained no more than two business within 30 calendar days after receiptof full repayment of the related pool assets, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) . Applicable; Servicer maintains REP deposit accounts in accordance with PUCT rules and regulations. 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization ChargeServicer does not make payments on behalf of obligors. 1122(d)(4)(xii) is Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not an interest bearing instrument 1122(d)(4)(vi) Changes with respect charged to the terms obligor, unless the late payment was due to the obligor’s error or status omission. Not applicable; servicer cannot make advances of its own funds on behalf of customers under the transaction documents. 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are posted within two business days to the obligor’s pool assets (e.g.records maintained by the servicer, loan modifications or resuch other number of days specified in the transaction agreements. Not applicable; servicer cannot make advances of its own funds on behalf of customers to pay principal or interest on the bonds. 1122(d)(4)(xiv) Delinquencies, charge-agings) offs and uncollectible accounts are made, reviewed recognized and approved by authorized personnel recorded in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii1122(d)(4)(xv) Records documenting collection efforts are Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained during the period any pool asset is delinquent as set forth in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instrumentsno external enhancement is required under the transaction documents.

Pool Asset Administration. 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related pool asset documents. Applicable; assessment below. X 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements. Applicable; assessment below. agreements X 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Not applicable; no removals or substitutions of Rate Stabilization Property are contemplated or allowed under the transaction documents. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria X 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business X Regulation AB Servicer Reference Servicing Criteria (GMAC) days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related transaction agreements. Applicable; assessment belowpool asset documents. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balanceamount financed. Not applicable; because underlying obligation (Qualified Rate Stabilization Charge) is not an interest bearing instrument X 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below X 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. X 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any a pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. X 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges N/A 1122(d)(4)(x) Regarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are not interest bearing instruments. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv) Payments on pool assetsanalyzed, including any payoffs, made in accordance with the related obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are posted returned to the Servicer’s obligor records maintained no more than two business within 30 calendar days after receiptof full repayment of the related pool assets, or such other number of days specified in the transaction agreements, and allocated to principal, interest . X 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or other items (e.g., escrowinsurance payments) in accordance with are made on or before the related transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization Charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms penalty or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessionsexpiration dates, as applicable) are initiatedindicated on the appropriate bills or notices for such payments, conducted and concluded provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment belowX 1122(d)(4)(xii) Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the Servicer’s funds and not charged to the obligor, unless the late payment was due to the obligor’s error or omission. 1122(d)(4)(viiiX Regulation AB Servicer Reference Servicing Criteria (GMAC) Records documenting collection efforts 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are posted within two business days to the obligor’s records maintained during by the period any pool asset is delinquent servicer, or such other number of days specified in the transaction agreements. X 1122(d)(4)(xiv) Delinquencies, charge-offs and uncollectible accounts are recognized and recorded in accordance with the transaction agreements. Such records are X 1122(d)(4)(xv) Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained on at least a monthly basis, or such other period specified as set forth in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instruments.N/A

Pool Asset Administration. 1122(d)(4)(i) Collateral or security on pool assets is maintained as required by the transaction agreements or related documents. Applicable; assessment below. 1122(d)(4)(ii) Pool assets and related documents are safeguarded as required by the transaction agreements. Applicable; assessment below. 1122(d)(4)(iii) Any additions, removals or substitutions to the asset pool are made, reviewed and approved in accordance with any conditions or requirements in the transaction agreements. Not applicable; no removals or substitutions of Rate Stabilization Property transition property are contemplated or allowed under the transaction documents. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv) Payments on pool assets, including any payoffs, made in accordance with the related pool asset documents are posted to the Servicer’s obligor records maintained no more than two business days after receipt, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) in accordance with the related transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization Chargetransition charge) is not an interest bearing instrument 1122(d)(4)(vi) Changes with respect to the terms or status of an obligor’s pool assets (e.g., loan modifications or re-agings) are made, reviewed and approved by authorized personnel in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii) Records documenting collection efforts are maintained during the period any pool asset is delinquent in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges transition charges are not interest bearing instruments. EXHIBIT C Servicing Criteria Applicable Servicing Criteria Reference Criteria 1122(d)(4)(iv1122(d)(4)(x) Payments on pool assetsRegarding any funds held in trust for an obligor (such as escrow accounts): (A) such funds are analyzed, including any payoffs, made in accordance with the related obligor’s pool asset documents, on at least an annual basis, or such other period specified in the transaction agreements; (B) interest on such funds is paid, or credited, to obligors in accordance with applicable pool asset documents and state laws; and (C) such funds are posted returned to the Servicer’s obligor records maintained no more than two business within 30 calendar days after receiptof full repayment of the related pool assets, or such other number of days specified in the transaction agreements, and allocated to principal, interest or other items (e.g., escrow) . Applicable; Servicer maintains REP deposit accounts in accordance with PUCT rules and regulations. 1122(d)(4)(xi) Payments made on behalf of an obligor (such as tax or insurance payments) are made on or before the related penalty or expiration dates, as indicated on the appropriate bills or notices for such payments, provided that such support has been received by the servicer at least 30 calendar days prior to these dates, or such other number of days specified in the transaction agreements. Applicable; assessment below. 1122(d)(4)(v) The Servicer’s records regarding the pool assets agree with the Servicer’s records with respect to an obligor’s unpaid principal balance. Not applicable; because underlying obligation (Qualified Rate Stabilization ChargeServicer does not make payments on behalf of obligors. 1122(d)(4)(xii) is Any late payment penalties in connection with any payment to be made on behalf of an obligor are paid from the servicer’s funds and not an interest bearing instrument 1122(d)(4)(vi) Changes with respect charged to the terms obligor, unless the late payment was due to the obligor’s error or status omission. Not applicable; servicer cannot make advances of its own funds on behalf of customers under the transaction documents. 1122(d)(4)(xiii) Disbursements made on behalf of an obligor are posted within two business days to the obligor’s pool assets (e.g.records maintained by the servicer, loan modifications or resuch other number of days specified in the transaction agreements. Not applicable; servicer cannot make advances of its own funds on behalf of customers to pay principal or interest on the bonds. 1122(d)(4)(xiv) Delinquencies, charge-agings) offs and uncollectible accounts are made, reviewed recognized and approved by authorized personnel recorded in accordance with the transaction agreements and related pool asset documents. Applicable; assessment below 1122(d)(4)(vii) Loss mitigation or recovery actions (e.g., forbearance plans, modifications and deeds in lieu of foreclosure, foreclosures and repossessions, as applicable) are initiated, conducted and concluded in accordance with the timeframes or other requirements established by the transaction agreements. Applicable; assessment below. 1122(d)(4)(viii1122(d)(4)(xv) Records documenting collection efforts are Any external enhancement or other support, identified in Item 1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained during the period any pool asset is delinquent as set forth in accordance with the transaction agreements. Such records are maintained on at least a monthly basis, or such other period specified in the transaction agreements, and describe the entity’s activities in monitoring delinquent pool assets including, for example, phone calls, letters and payment rescheduling plans in cases where delinquency is deemed temporary (e.g., illness or unemployment). Applicable, but does not require assessment since no explicit documentation requirement with respect to delinquent accounts are imposed under the transactional documents due to availability of “true-up” mechanism. 1122(d)(4)(ix) Adjustments to interest rates or rates of return for pool assets with variable rates are computed based on the related pool asset documents. Not applicable; Qualified Rate Stabilization Charges are not interest bearing instrumentsno external enhancement is required under the transaction documents.