Common use of Priorities of Distribution Clause in Contracts

Priorities of Distribution. 60 Section 4.03 [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 Allocation of Realized Losses.........................................................64 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ARTICLE FIVE THE CERTIFICATES....................................................................................69 Section 5.01 The Certificates......................................................................69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 Persons Deemed Owners.................................................................73 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75

Priorities of Distribution. 60 58 Section 4.03 [Reserved]............................................................................64 61 Section 4.04 [Reserved]............................................................................64 61 Section 4.05 Allocation of Realized Losses.........................................................64 61 Section 4.06 Monthly Statements to Certificateholders..............................................65 62 Section 4.07 [Reserved]............................................................................67 64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 64 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ......................................................................66 Section 5.01 The Certificates......................................................................69 66 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 66 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 70 Section 5.04 Persons Deemed Owners.................................................................73 70 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 71 Section 5.06 Maintenance of Office or Agency.......................................................74 71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.................................................72

Priorities of Distribution. 60 73 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................64 Allocation of Net Deferred Interest...................................................77 Section 4.05 Allocation of Realized Losses.........................................................64 77 Section 4.06 Monthly Statements to Certificateholders..............................................65 78 Section 4.07 [Reserved]............................................................................67 Carryover Shortfall Reserve Fund......................................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 81 ARTICLE FIVE THE CERTIFICATES....................................................................................69 83 Section 5.01 The Certificates......................................................................69 83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 87 Section 5.04 Persons Deemed Owners.................................................................73 87 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 87 Section 5.06 Maintenance of Office or Agency.......................................................74 88 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7589

Priorities of Distribution. 60 63 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................67 Section 4.04 [Reserved]............................................................................64 68 Section 4.05 Allocation of Realized Losses.........................................................64 68 Section 4.06 Monthly Statements to Certificateholders..............................................65 69 Section 4.07 [Reserved]............................................................................67 71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 71 ARTICLE FIVE THE CERTIFICATES....................................................................................69 73 Section 5.01 The Certificates......................................................................69 73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 77 Section 5.04 Persons Deemed Owners.................................................................73 77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 77 Section 5.06 Maintenance of Office or Agency.......................................................74 78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7579

Priorities of Distribution. 60 65 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................70 Section 4.04 [Reserved]............................................................................64 71 Section 4.05 Allocation of Realized Losses.........................................................64 71 Section 4.06 Monthly Statements to Certificateholders..............................................65 72 Section 4.07 [Reserved]............................................................................67 74 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 74 ARTICLE FIVE THE CERTIFICATES....................................................................................69 76 Section 5.01 The Certificates......................................................................69 76 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 76 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 80 Section 5.04 Persons Deemed Owners.................................................................73 80 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 80 Section 5.06 Maintenance of Office or Agency.......................................................74 81 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7582

Priorities of Distribution. 60 63 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............67 Section 4.04 [Reserved]............................................................................64 ............................................................68 Section 4.05 Allocation of Realized Losses.........................................................64 .........................................68 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................69 Section 4.07 [Reserved]............................................................................67 ............................................................71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............71 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...............................................................73 Section 5.01 The Certificates......................................................................69 ......................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .....................77 Section 5.04 Persons Deemed Owners.................................................................73 .................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .............77 Section 5.06 Maintenance of Office or Agency.......................................................74 .......................................78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...........................................79

Priorities of Distribution. 60 65 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............69 Section 4.04 [Reserved]............................................................................64 ............................................................70 Section 4.05 Allocation of Realized Losses.........................................................64 .........................................70 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................71 Section 4.07 [Reserved]............................................................................67 ............................................................73 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............73 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ............................................................75 Section 5.01 The Certificates......................................................................69 ......................................................75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .....................79 Section 5.04 Persons Deemed Owners.................................................................73 .................................................79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .............79 Section 5.06 Maintenance of Office or Agency.......................................................74 .......................................80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................................81

Priorities of Distribution. 60 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 IV-8 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 IV-8 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds..............................IV-10 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 .............................................IV-10 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................IV-10 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ...........................IV-11 SECTION 4.09. Distributions from the Corridor Contract Reserve Fund................................IV-13 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 .......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ......................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ..................................................................V-6 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ..............................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................................................V-6

Priorities of Distribution. 60 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 IV-8 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 IV-8 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...............................IV-9 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 .............................................IV-10 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................IV-10 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ...........................IV-11 SECTION 4.09. Distributions from the Corridor Contract Reserve Fund................................IV-13 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 .......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ......................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ..................................................................V-5 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ..............................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................................................V-6

Priorities of Distribution. 60 Section 4.03 [Reserved]............................................................................Distributions in Reduction of the Class A-6 Certificates...........................................64 Section 4.04 [Reserved]............................................................................64 Class A-6 Policy Matters...............................68 Section 4.05 Allocation of Realized Losses.........................................................64 ..........................70 Section 4.06 Monthly Statements to Certificateholders..............................................65 ...............71 Section 4.07 [Reserved]............................................................................67 .............................................73 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ...........................................73 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...........................................75 Section 5.01 The Certificates......................................................................69 .......................................75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ...........................75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ......79 Section 5.04 Persons Deemed Owners.................................................................73 ..................................79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ..........................................80 Section 5.06 Maintenance of Office or Agency.......................................................74 ........................80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................81

Priorities of Distribution. 60 Section 4.03 68 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 Reserved]. .......................................................................................87 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 . ....................................................................87 SECTION 4.05. [Reserved] ........................................................................................89 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 . .........................................................74 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 . .................................................................................92 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 . ......................92 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 . ................................................97 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 . ............................................................................98 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 . ........................................98 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75. ..................................................................98

Priorities of Distribution. 60 Section 4.03 [Reserved]............................................................................64 65 Section 4.04 [Reserved]............................................................................64 65 Section 4.05 Allocation of Realized Losses.........................................................64 65 Section 4.06 Monthly Statements to Certificateholders..............................................65 66 Section 4.07 [Reserved]............................................................................67 68 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 68 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ..............................................................................70 Section 5.01 The Certificates......................................................................69 70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 74 Section 5.04 Persons Deemed Owners.................................................................73 74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 74 Section 5.06 Maintenance of Office or Agency.......................................................74 75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75..........................................................76

Priorities of Distribution. 60 65 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................69 Section 4.04 [Reserved]............................................................................64 70 Section 4.05 Allocation of Realized Losses.........................................................64 70 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 72 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ................................................................................75 Section 5.01 The Certificates......................................................................69 75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................................75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 79 Section 5.04 Persons Deemed Owners.................................................................73 79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 79 Section 5.06 Maintenance of Office or Agency.......................................................74 80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...................................................................81

Priorities of Distribution. 60 Section 4.03 SECTION 4.03. [Reserved]..........................................................................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 SECTION 4.04. Allocation of Realized Losses....................................................................................64 Section 4.06 SECTION 4.05. [Reserved]..............................................66 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 ................66 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................................68 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ............................................68 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ........................................71 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ............................71 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 .......75 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ...................................75 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ...............................................76 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.........................76

Priorities of Distribution. 60 63 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............66 Section 4.04 [Reserved]............................................................................64 ............................................................67 Section 4.05 Allocation of Realized Losses.........................................................64 .........................................67 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................68 Section 4.07 [Reserved]............................................................................67 ............................................................70 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............70 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...............................................................73 Section 5.01 The Certificates......................................................................69 ......................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .....................77 Section 5.04 Persons Deemed Owners.................................................................73 .................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .............77 Section 5.06 Maintenance of Office or Agency.......................................................74 .......................................78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...........................................79

Priorities of Distribution. 60 72 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................64 77 Section 4.05 Allocation of Realized Losses.........................................................64 77 Section 4.06 Monthly Statements to Certificateholders..............................................65 78 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 81 Section 4.08 Supplemental Interest Trust...........................................................82 ARTICLE FIVE THE CERTIFICATES....................................................................................69 83 Section 5.01 The Certificates......................................................................69 83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 88 Section 5.04 Persons Deemed Owners.................................................................73 88 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 88 Section 5.06 Maintenance of Office or Agency.......................................................74 89 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................90

Priorities of Distribution. 60 68 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................73 Section 4.04 [Reserved]............................................................................64 74 Section 4.05 Allocation of Realized Losses.........................................................64 74 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 75 ARTICLE FIVE THE CERTIFICATES....................................................................................69 79 Section 5.01 The Certificates......................................................................69 79 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 79 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 83 Section 5.04 Persons Deemed Owners.................................................................73 83 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 83 Section 5.06 Maintenance of Office or Agency.......................................................74 84 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................85

Priorities of Distribution. 60 Section 4.03 56 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 ........................................................................62 SECTION 4.04. Allocation of Realized Losses..............................................................................................................63 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................64 Section 4.06 SECTION 4.06. Monthly Statements to Certificateholders........................................................................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.........................66 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates....................................................67 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ..................................................................70 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ......................................................................70 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 .................................75 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 .............................................................75 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 .........................75 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER...................................................................................................................75

Priorities of Distribution. 60 65 Section 4.03 [Reserved]............................................................................64 ......................................................................................67 Section 4.04 [Reserved]............................................................................64 Allocation of Net Deferred Interest.............................................................67 Section 4.05 Allocation of Realized Losses.........................................................64 ...................................................................68 Section 4.06 Monthly Statements to Certificateholders..............................................65 ........................................................69 Section 4.07 [Reserved]............................................................................67 Carryover Shortfall Reserve Fund................................................................71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ......................................71 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ..............................................................................................74 Section 5.01 The Certificates......................................................................69 ................................................................................74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 .....................74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ...............................................78 Section 5.04 Persons Deemed Owners.................................................................73 ...........................................................................78 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .......................................78 Section 5.06 Maintenance of Office or Agency.......................................................74 .................................................................79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75..........................................................................80

Priorities of Distribution. 60 72 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................80 Section 4.04 [Reserved]............................................................................64 81 Section 4.05 Allocation of Realized Losses.........................................................64 81 Section 4.06 Monthly Statements to Certificateholders..............................................65 82 Section 4.07 [Reserved]............................................................................67 85 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................85 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 85 ARTICLE FIVE THE CERTIFICATES....................................................................................69 88 Section 5.01 The Certificates......................................................................69 88 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 88 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 92 Section 5.04 Persons Deemed Owners.................................................................73 93 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 93 Section 5.06 Maintenance of Office or Agency.......................................................74 93 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................94

Priorities of Distribution. 60 Section 4.03 76 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 ........................................................................79 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 .....................................................79 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................80 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ..........................................81 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ..................................................................82 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ......................................................................82 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 .................................87 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 .............................................................87 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 .........................87 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...................................................88

Priorities of Distribution. 60 53 Section 4.03 [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 Allocation of Realized Losses.........................................................64 Section 4.06 4.02 Monthly Statements to Certificateholders..............................................65 ..................................................58 Section 4.07 [Reserved]............................................................................67 4.03 Allocation of Applied Realized Loss Amounts...............................................61 Section 4.08 4.04 Certain Matters Relating to the Determination of Pass-Through Rates for LIBOR Certificates............................67 LIBOR....................................61 Section 4.05 Supplemental Interest Trust...............................................................62 Section 4.06 Trust's Obligations under the Interest Rate Swap Agreement; Replacement and Termination of the Interest Rate Swap Agreement ......................................63 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 CERTIFICATES Section 5.01 The Certificates......................................................................69 ..........................................................................64 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ...............65 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .........................................70 Section 5.04 Persons Deemed Owners.................................................................73 .....................................................................71 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .................................71 Section 5.06 Maintenance of Office or Agency.......................................................74 ...........................................................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75VI

Priorities of Distribution. 60 55 Section 4.03 [Reserved]............................................................................64 ..............................................57 Section 4.04 [Reserved]............................................................................64 ..............................................57 Section 4.05 Allocation of Realized Losses.........................................................64 ...........................57 Section 4.06 Monthly Statements to Certificateholders..............................................65 ................58 Section 4.07 [Reserved]............................................................................67 ..............................................60 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............................................60 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...............................................62 Section 5.01 The Certificates......................................................................69 ........................................62 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ................................62 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .......66 Section 5.04 Persons Deemed Owners.................................................................73 ...................................66 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ...............................................66 Section 5.06 Maintenance of Office or Agency.......................................................74 .........................67 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...........................68

Priorities of Distribution. 60 95 Section 4.03 [Reserved]............................................................................64 Monthly Statements to Certificateholders..................102 Section 4.04 [Reserved]............................................................................64 Certain Matters Relating to the Determination of LIBOR.....................................................105 Section 4.05 Allocation of Applied Realized Losses.........................................................64 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 Loss Amounts...............105 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 ...................................................106 Section 5.01 The Certificates......................................................................69 ..........................................106 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..................................106 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .........111 Section 5.04 Persons Deemed Owners.................................................................73 .....................................111 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .................................................112 Section 5.06 Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...........................112

Priorities of Distribution. 60 Section 4.03 63 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 .............................................67 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 ..........................67 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds..................................................68 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 ...............69 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates...........................................69 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ...........................................70 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 ..................................................73 SECTION 5.01. The Certificates......................................................................69 Section 5.02 .......................................73 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ...............................73 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ......78 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ..................................78 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ..............................................78 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ........................79 ARTICLE SIX VI THE DEPOSITOR AND THE MASTER SERVICER................................................................75............................80

Priorities of Distribution. 60 Section 4.03 [Reserved]............................................................................64 63 Section 4.04 [Reserved]............................................................................64 63 Section 4.05 Allocation of Realized Losses.........................................................64 63 Section 4.06 Monthly Statements to Certificateholders..............................................65 64 Section 4.07 [Reserved]............................................................................67 66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 66 ARTICLE FIVE THE CERTIFICATES....................................................................................69 Section 5.01 The Certificates......................................................................69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 Persons Deemed Owners.................................................................73 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75

Priorities of Distribution. 60 71 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................77 Section 4.04 [Reserved]............................................................................64 78 Section 4.05 Allocation of Realized Losses.........................................................64 78 Section 4.06 Monthly Statements to Certificateholders..............................................65 79 Section 4.07 [Reserved]............................................................................67 Distributions from the Yield Maintenance Reserve Funds................................82 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................82 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 82 ARTICLE FIVE THE CERTIFICATES....................................................................................69 85 Section 5.01 The Certificates......................................................................69 85 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 85 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 89 Section 5.04 Persons Deemed Owners.................................................................73 89 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 90 Section 5.06 Maintenance of Office or Agency.......................................................74 90 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................91

Priorities of Distribution. 60 Section 4.03 [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 SECTION 4.03. Allocation of Net Deferred Interest...............................................63 SECTION 4.04. Allocation of Realized Losses..............................................................................................................64 Section 4.06 SECTION 4.05. [Reserved]........................................................................65 SECTION 4.06. Monthly Statements to Certificateholders........................................................................................65 Section 4.07 SECTION 4.07. [Reserved]....................................................................................................................................................67 Section 4.08 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates....................................................67 SECTION 4.09. Carryover Shortfall Reserve Fund..................................................69 SECTION 4.10. Determination of One-Year MTA.....................................................69 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ..................................................................70 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ......................................................................71 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 .................................75 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 .............................................................76 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 .........................76 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...................................................76

Priorities of Distribution. 60 58 Section 4.03 [Reserved]............................................................................64 ............................................................62 Section 4.04 [Reserved]............................................................................64 ..................................Error! Bookmark not defined. Section 4.05 Allocation of Realized Losses.........................................................64 .........................................62 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................63 Section 4.07 [Reserved]............................................................................67 ............................................................65 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............65 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...............................................................67 Section 5.01 The Certificates......................................................................69 ......................................................67 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................67 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .....................71 Section 5.04 Persons Deemed Owners.................................................................73 .................................................71 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .............71 Section 5.06 Maintenance of Office or Agency.......................................................74 .......................................72 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...........................................73

Priorities of Distribution. 60 Section 4.03 73 SECTION 4.03. Allocation of Net Deferred Interest....................78 SECTION 4.04. [Reserved]............................................................................64 Section 4.04 .............................................78 SECTION 4.05. [Reserved]............................................................................64 Section 4.05 Allocation of Realized Losses.........................................................64 Section 4.06 .............................................78 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 ...............78 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates...........................................78 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ...........................................79 SECTION 4.09. [Reserved].............................................81 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 ..................................................82 SECTION 5.01. The Certificates......................................................................69 Section 5.02 .......................................82 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ...............................83 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ......87 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ..................................88 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ..............................................88 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................88

Priorities of Distribution. 60 68 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................71 Section 4.04 [Reserved]............................................................................64 72 Section 4.05 Allocation of Realized Losses.........................................................64 72 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 74 ARTICLE FIVE THE CERTIFICATES....................................................................................69 78 Section 5.01 The Certificates......................................................................69 78 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 78 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 82 Section 5.04 Persons Deemed Owners.................................................................73 82 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 82 Section 5.06 Maintenance of Office or Agency.......................................................74 83 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................84

Priorities of Distribution. 60 Section 4.03 [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 63 SECTION 4.03. Allocation of Net Deferred Interest...............................................67 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 .....................................................69 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................70 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 ..........................................71 SECTION 4.07. [Reserved]............................................................................67 Section 4.08 ........................................................................73 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ........................73 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ..................................................................75 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ......................................................................75 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 .................................80 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 .............................................................80 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 .........................80 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ...................................................81 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75VI

Priorities of Distribution. 60 Section 4.03 94 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 ..................................................102 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 ...............................102 SECTION 4.05. Cross-Collateralization.....................................104 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 ....................105 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates................................................107 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ................................................108 SECTION 4.09. Distributions from the Corridor Contract Corridor Contract Reserve Fund.......................................109 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ............................................111 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ....................................111 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ...........116 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 .......................................116 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ...................................................116 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.............................117

Priorities of Distribution. 60 72 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................77 Section 4.04 [Reserved]............................................................................64 77 Section 4.05 Allocation of Realized Losses.........................................................64 77 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 79 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................78 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 82 ARTICLE FIVE THE CERTIFICATES....................................................................................69 85 Section 5.01 The Certificates......................................................................69 85 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 85 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 89 Section 5.04 Persons Deemed Owners.................................................................73 90 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 90 Section 5.06 Maintenance of Office or Agency.......................................................74 90 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................91

Priorities of Distribution. 60 Section 4.03 [Reserved]........................................................................................................................................64 Section 4.04 [Reserved]........................................................................................................................................64 Section 4.05 Allocation of Realized Losses..................................................................................................64 Section 4.06 Monthly Statements to Certificateholders............................................................................65 Section 4.07 [Reserved]........................................................................................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates........................................67 ARTICLE FIVE THE CERTIFICATES.................................................................................................................................................69 Section 5.01 The Certificates............................................................................................................................69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates.....................................................................69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates..........................................................73 Section 5.04 Persons Deemed Owners..................................................................................................................73 Section 5.05 Access to List of Certificateholders' Names and Addresses..........................................73 Section 5.06 Maintenance of Office or Agency..............................................................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER.........................................................................................................75

Priorities of Distribution. 60 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 ......................................................................IV-8 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 ...................................................IV-8 SECTION 4.05. [Reserved]......................................................................IV-9 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 ........................................IV-9 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.......................IV-9 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 .....................IV-10 SECTION 4.09. Distributions from the Corridor Contract Reserve Fund..........................IV-12 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 .................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ......V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ............................................................V-6 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ........................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75..................................................V-6

Priorities of Distribution. 60 71 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................64 76 Section 4.05 Allocation of Realized Losses.........................................................64 76 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 78 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................78 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 81 ARTICLE FIVE THE CERTIFICATES....................................................................................69 84 Section 5.01 The Certificates......................................................................69 84 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 84 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 88 Section 5.04 Persons Deemed Owners.................................................................73 89 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 89 Section 5.06 Maintenance of Office or Agency.......................................................74 89 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................90

Priorities of Distribution. 60 68 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds....71 Section 4.04 [Reserved]............................................................................64 .................................................72 Section 4.05 Allocation of Realized Losses.........................................................64 ..............................72 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ...................74 ARTICLE FIVE THE CERTIFICATES....................................................................................69 .................................................77 Section 5.01 The Certificates......................................................................69 ...........................................77 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ...................................77 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ..........81 Section 5.04 Persons Deemed Owners.................................................................73 ......................................81 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ..81 Section 5.06 Maintenance of Office or Agency.......................................................74 ............................82 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75....................................83 Section 6.01 Respective Liabilities of the Depositor and the Servicer...83 Section 6.02 Merger or Consolidation of the Depositor or the Servicer...83 Section 6.03 Limitation on Liability of the Depositor, the Seller, the Servicer, and Others...................................83 Section 6.04 Limitation on Resignation of the Servicer..................84

Priorities of Distribution. 60 59 Section 4.03 [Reserved]............................................................................64 .................................................................................63 Section 4.04 [Reserved]............................................................................64 .................................................................................63 Section 4.05 Allocation of Realized Losses.........................................................64 ..............................................................63 Section 4.06 Monthly Statements to Certificateholders..............................................65 ...................................................64 Section 4.07 [Reserved]............................................................................67 .................................................................................66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 .................................66 ARTICLE FIVE THE CERTIFICATES....................................................................................69 68 Section 5.01 The Certificates......................................................................69 ...........................................................................68 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ................68 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ..........................................72 Section 5.04 Persons Deemed Owners.................................................................73 ......................................................................72 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ..................................72 Section 5.06 Maintenance of Office or Agency.......................................................74 ............................................................73 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7574

Priorities of Distribution. 60 68 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............72 Section 4.04 [Reserved]............................................................................64 ............................................................73 Section 4.05 Allocation of Realized Losses.........................................................64 .........................................73 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................74 Section 4.07 [Reserved]............................................................................67 ............................................................76 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............76 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...............................................................79 Section 5.01 The Certificates......................................................................69 ......................................................79 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................79 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .....................83 Section 5.04 Persons Deemed Owners.................................................................73 .................................................83 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .............83 Section 5.06 Maintenance of Office or Agency.......................................................74 .......................................84 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...........................................85

Priorities of Distribution. 60 Section 4.03 76 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 ...............................................81 SECTION 4.04. [Reserved]............................................................................64 Section 4.05 Allocation of Realized Losses.........................................................64 Section 4.06 ...............................................81 SECTION 4.05. [Reserved]...............................................81 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 .................81 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.............................................81 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 .............................................82 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 .........................................86 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 .................................87 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ........92 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ....................................92 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ................................................92 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75..........................93

Priorities of Distribution. 60 52 Section 4.03 [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 Allocation of Realized Losses.........................................................64 Section 4.06 4.02. Monthly Statements to Certificateholders..............................................65 ....................................................58 Section 4.07 [Reserved]............................................................................67 4.03. Allocation of Applied Realized Loss Amounts.................................................61 Section 4.08 4.04. Certain Matters Relating to the Determination of Pass-Through Rates for LIBOR Certificates............................67 LIBOR......................................61 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 CERTIFICATES Section 5.01 5.01. The Certificates......................................................................69 ............................................................................62 Section 5.02 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 .................63 Section 5.03 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ...........................................68 Section 5.04 5.04. Persons Deemed Owners.................................................................73 .......................................................................68 Section 5.05 5.05. Access to List of Certificateholders' Names and Addresses.............................73 ...................................69 Section 5.06 5.06. Maintenance of Office or Agency.......................................................74 .............................................................69 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75VI

Priorities of Distribution. 60 Section 4.03 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 ......................................................................................63 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 ...................................................................63 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds.........................................65 SECTION 4.06. Monthly Statements to Certificateholders......................................................................................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ................................................................................68 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 .....................68 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates....................................................................................73 Section 5.04 SECTION 5.04. Persons Deemed Owners............................................................................................................................................73 Section 5.05 SECTION 5.05. Access to List of Certificateholders' Names and Addresses....................................................................73 Section 5.06 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.................................................................74

Priorities of Distribution. 60 69 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds............................................75 Section 4.04 [Reserved]............................................................................64 .........................................................................................76 Section 4.05 Allocation of Realized Losses.........................................................64 ......................................................................76 Section 4.06 Monthly Statements to Certificateholders..............................................65 ...........................................................77 Section 4.07 [Reserved]............................................................................67 .........................................................................................80 Section 4.08 Distributions from the Supplemental Interest Reserve Fund..........................................80 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 .........................................80 ARTICLE FIVE THE CERTIFICATES....................................................................................69 .....................................................................................................83 Section 5.01 The Certificates......................................................................69 ...................................................................................83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ........................83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ..................................................87 Section 5.04 Persons Deemed Owners.................................................................73 ..............................................................................87 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ..........................................87 Section 5.06 Maintenance of Office or Agency.......................................................74 ....................................................................88 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................................................................................89

Priorities of Distribution. 60 59 Section 4.03 [Reserved]............................................................................64 61 Section 4.04 [Reserved]............................................................................64 61 Section 4.05 Allocation of Realized Losses.........................................................64 61 Section 4.06 Monthly Statements to Certificateholders..............................................65 62 Section 4.07 [Reserved]............................................................................67 65 Section 4.08 [Reserved]............................................................................65 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 65 ARTICLE FIVE THE CERTIFICATES....................................................................................69 68 Section 5.01 The Certificates......................................................................69 68 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 68 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 72 Section 5.04 Persons Deemed Owners.................................................................73 72 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 72 Section 5.06 Maintenance of Office or Agency.......................................................74 73 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................74

Priorities of Distribution. 60 61 Section 4.03 [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................Allocation of Net Deferred Interest...................................................64 Section 4.05 Allocation of Realized Losses.........................................................64 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................Carryover Shortfall Reserve Fund......................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 68 ARTICLE FIVE THE CERTIFICATES....................................................................................69 70 Section 5.01 The Certificates......................................................................69 70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 74 Section 5.04 Persons Deemed Owners.................................................................73 74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 74 Section 5.06 Maintenance of Office or Agency.......................................................74 75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7576

Priorities of Distribution. 60 87 Section 4.03 [Reserved]............................................................................64 Monthly Statements to Certificateholders........................................................93 Section 4.04 [Reserved]............................................................................64 Certain Matters Relating to the Determination of LIBOR..........................................96 Section 4.05 Allocation of Applied Realized Losses.........................................................64 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 Loss Amounts.....................................................97 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 .........................................................................................97 Section 5.01 The Certificates......................................................................69 ................................................................................97 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 .....................98 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ..............................................102 Section 5.04 Persons Deemed Owners.................................................................73 ..........................................................................103 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ......................................103 Section 5.06 Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75103

Priorities of Distribution. 60 73 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................64 Allocation of Net Deferred Interest...................................................77 Section 4.05 Allocation of Realized Losses.........................................................64 77 Section 4.06 Monthly Statements to Certificateholders..............................................65 78 Section 4.07 [Reserved]............................................................................67 Carryover Shortfall Reserve Fund......................................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 81 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ................................................................................83 Section 5.01 The Certificates......................................................................69 83 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 87 Section 5.04 Persons Deemed Owners.................................................................73 87 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 87 Section 5.06 Maintenance of Office or Agency.......................................................74 88 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75............................................................89

Priorities of Distribution. 60 59 Section 4.03 [Reserved]............................................................................64 63 Section 4.04 [Reserved]............................................................................64 63 Section 4.05 Allocation of Realized Losses.........................................................64 63 Section 4.06 Monthly Statements to Certificateholders..............................................65 64 Section 4.07 [Reserved]............................................................................67 66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 66 ARTICLE FIVE THE CERTIFICATES....................................................................................69 68 Section 5.01 The Certificates......................................................................69 68 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 68 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 72 Section 5.04 Persons Deemed Owners.................................................................73 72 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 72 Section 5.06 Maintenance of Office or Agency.......................................................74 73 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7574

Priorities of Distribution. 60 Section 4.03 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 ........................................................................65 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 .....................................................65 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...........................66 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]......................................................................................................................67 Section 4.08 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.........................69 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ........................70 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 ..................................................................72 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ......................................................................72 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 .................................77 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 .............................................................77 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 .........................77 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75...................................................78

Priorities of Distribution. 60 63 Section 4.03 [Reserved]............................................................................64 ..............................................................................69 Section 4.04 [Reserved]............................................................................64 ..............................................................................69 Section 4.05 Allocation of Realized Losses.........................................................64 ...........................................................69 Section 4.06 Monthly Statements to Certificateholders..............................................65 ................................................70 Section 4.07 [Reserved]............................................................................67 ..............................................................................72 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ..............................72 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ..........................................................................................74 Section 5.01 The Certificates......................................................................69 ........................................................................74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 .............74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .......................................78 Section 5.04 Persons Deemed Owners.................................................................73 ...................................................................78 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ...............................78 Section 5.06 Maintenance of Office or Agency.......................................................74 .........................................................79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75......................................................................80

Priorities of Distribution. 60 63 Section 4.03 [Reserved]............................................................................64 68 Section 4.04 [Reserved]............................................................................64 68 Section 4.05 Allocation of Realized Losses.........................................................64 68 Section 4.06 Monthly Statements to Certificateholders..............................................65 69 Section 4.07 [Reserved]............................................................................67 72 Section 4.08 Distributions from the Supplemental Interest Reserve Fund.............................72 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 72 ARTICLE FIVE THE CERTIFICATES....................................................................................69 .................................................................................74 Section 5.01 The Certificates......................................................................69 74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................................74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 78 Section 5.04 Persons Deemed Owners.................................................................73 79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 79 Section 5.06 Maintenance of Office or Agency.......................................................74 79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75....................................................................80

Priorities of Distribution. 60 Section 4.03 61 SECTION 4.03. [Reserved].........................................................................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 SECTION 4.04. Allocation of Realized Losses...................................................................................64 Section 4.06 SECTION 4.05. [Reserved].............................................65 SECTION 4.06. Monthly Statements to Certificateholders.............................................................65 Section 4.07 [Reserved]............................................................................SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates...........................................67 Section 4.08 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 ...........................................68 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 .......................................70 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ...............................70 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ......75 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ..................................75 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ..............................................75 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................76

Priorities of Distribution. 60 58 Section 4.03 [Reserved]............................................................................64 ...............................................61 Section 4.04 [Reserved]............................................................................64 ...............................................61 Section 4.05 Allocation of Realized Losses.........................................................64 ............................61 Section 4.06 Monthly Statements to Certificateholders..............................................65 .................62 Section 4.07 [Reserved]............................................................................67 ...............................................64 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 .............................................64 ARTICLE FIVE THE CERTIFICATES....................................................................................69 .........................................66 Section 5.01 The Certificates......................................................................69 .........................................66 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 .................................66 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ........70 Section 5.04 Persons Deemed Owners.................................................................73 ....................................70 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ................................................71 Section 5.06 Maintenance of Office or Agency.......................................................74 ..........................71 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75....................72

Priorities of Distribution. 60 73 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................76 Section 4.04 [Reserved]............................................................................64 Allocation of Net Deferred Interest...................................................77 Section 4.05 Allocation of Realized Losses.........................................................64 77 Section 4.06 Monthly Statements to Certificateholders..............................................65 78 Section 4.07 [Reserved]............................................................................67 Carryover Shortfall Reserve Fund......................................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 81 Section 4.09 Determination of Pass-Through Rates for MTA Certificates..............................82 ARTICLE FIVE THE CERTIFICATES....................................................................................69 84 Section 5.01 The Certificates......................................................................69 84 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 84 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 88 Section 5.04 Persons Deemed Owners.................................................................73 88 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 88 Section 5.06 Maintenance of Office or Agency.......................................................74 89 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7590

Priorities of Distribution. 60 Section 4.03 [Reserved].....................................................................................................................................................................64 Section 4.04 [Reserved].....................................................................................................................................................................64 Section 4.05 Allocation of Realized Losses...............................................................................................................................64 Section 4.06 Monthly Statements to Certificateholders.........................................................................................................65 Section 4.07 [Reserved]............................................................................67 .........................................................................................68 Section 4.08 [Reserved].........................................................................................68 Section 4.09 Determination of Pass-Through Rates for LIBOR Certificates............................67 .........................................68 ARTICLE FIVE THE CERTIFICATES....................................................................................69 .....................................................................................................70 Section 5.01 The Certificates......................................................................69 ...................................................................................70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ........................70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ..................................................74 Section 5.04 Persons Deemed Owners.................................................................73 ..............................................................................74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ..........................................75 Section 5.06 Maintenance of Office or Agency.......................................................74 ....................................................................75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................................................................................76

Priorities of Distribution. 60 63 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................66 Section 4.04 [Reserved]............................................................................64 67 Section 4.05 Allocation of Realized Losses.........................................................64 67 Section 4.06 Monthly Statements to Certificateholders..............................................65 68 Section 4.07 [Reserved]............................................................................67 70 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 70 ARTICLE FIVE THE CERTIFICATES....................................................................................69 72 Section 5.01 The Certificates......................................................................69 72 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 72 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 76 Section 5.04 Persons Deemed Owners.................................................................73 76 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 76 Section 5.06 Maintenance of Office or Agency.......................................................74 77 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7578

Priorities of Distribution. 60 68 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................71 Section 4.04 [Reserved]............................................................................64 72 Section 4.05 Allocation of Realized Losses.........................................................64 72 Section 4.06 Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 74 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...................................................................................75 Section 5.01 The Certificates......................................................................69 75 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 75 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 79 Section 5.04 Persons Deemed Owners.................................................................73 79 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 79 Section 5.06 Maintenance of Office or Agency.......................................................74 80 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75......................................................................81

Priorities of Distribution. 60 58 Section 4.03 [Reserved]............................................................................64 62 Section 4.04 [Reserved]............................................................................64 61 Section 4.05 Allocation of Realized Losses.........................................................64 62 Section 4.06 Monthly Statements to Certificateholders..............................................65 63 Section 4.07 [Reserved]............................................................................67 65 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 65 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ......................................................................67 Section 5.01 The Certificates......................................................................69 67 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 67 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 71 Section 5.04 Persons Deemed Owners.................................................................73 71 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 72 Section 5.06 Maintenance of Office or Agency.......................................................74 72 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.................................................73

Priorities of Distribution. 60 65 Section 4.03 [Reserved]............................................................................64 68 Section 4.04 [Reserved]............................................................................64 68 Section 4.05 Allocation of Realized Losses.........................................................64 68 Section 4.06 Monthly Statements to Certificateholders..............................................65 69 Section 4.07 [Reserved]............................................................................67 71 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 71 ARTICLE FIVE THE CERTIFICATES....................................................................................69 74 Section 5.01 The Certificates......................................................................69 74 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 74 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 78 Section 5.04 Persons Deemed Owners.................................................................73 78 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 78 Section 5.06 Maintenance of Office or Agency.......................................................74 79 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7580

Priorities of Distribution. 60 64 Section 4.03 [Reserved]............................................................................64 ............................................................67 Section 4.04 [Reserved]............................................................................64 ............................................................67 Section 4.05 Allocation of Realized Losses.........................................................64 .........................................67 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................68 Section 4.07 [Reserved]............................................................................67 ............................................................70 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............70 ARTICLE FIVE THE CERTIFICATES....................................................................................69 The Certificates...............................................................73 Section 5.01 The Certificates......................................................................69 ......................................................73 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................73 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .....................77 Section 5.04 Persons Deemed Owners.................................................................73 .................................................77 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .............77 Section 5.06 Maintenance of Office or Agency.......................................................74 .......................................78 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75The Depositor and the Master Servicer...........................................79

Priorities of Distribution. 60 68 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............................72 Section 4.04 [Reserved]............................................................................64 73 Section 4.05 Allocation of Realized Losses.........................................................64 73 Section 4.06 Monthly Statements to Certificateholders..............................................65 74 Section 4.07 [Reserved]............................................................................67 77 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 77 ARTICLE FIVE THE CERTIFICATES....................................................................................69 80 Section 5.01 The Certificates......................................................................69 80 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 80 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 84 Section 5.04 Persons Deemed Owners.................................................................73 84 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 84 Section 5.06 Maintenance of Office or Agency.......................................................74 85 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75.......................................................................86

Priorities of Distribution. 60 73 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds...............79 Section 4.04 [Reserved]............................................................................64 ............................................................80 Section 4.05 Allocation of Realized Losses.........................................................64 .........................................80 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................81 Section 4.07 [Reserved]............................................................................67 ............................................................84 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............84 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ...............................................................87 Section 5.01 The Certificates......................................................................69 ......................................................87 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................................................87 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 .....................91 Section 5.04 Persons Deemed Owners.................................................................73 .................................................91 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 .............91 Section 5.06 Maintenance of Office or Agency.......................................................74 .......................................92 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75..................................................93

Priorities of Distribution. 60 69 Section 4.03 [Reserved]............................................................................64 Cross-Collateralization; Adjustments to Available Funds..............................................72 Section 4.04 [Reserved]............................................................................64 Allocation of Net Deferred Interest..................................................................73 Section 4.05 Allocation of Realized Losses.........................................................64 ........................................................................73 Section 4.06 Monthly Statements to Certificateholders..............................................65 .............................................................74 Section 4.07 [Reserved]............................................................................67 Carryover Shortfall Reserve Fund.....................................................................76 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ...........................................77 ARTICLE FIVE THE CERTIFICATES....................................................................................69 ..............................................................................................79 Section 5.01 The Certificates......................................................................69 .....................................................................................79 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 ..........................79 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 ....................................................83 Section 5.04 Persons Deemed Owners.................................................................73 ................................................................................83 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 ............................................83 Section 5.06 Maintenance of Office or Agency.......................................................74 ......................................................................84 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75..........................................................................85

Priorities of Distribution. 60 Section 4.03 IV-2 SECTION 4.03. [Reserved]............................................................................64 Section 4.04 [Reserved]............................................................................64 Section 4.05 IV-6 SECTION 4.04. Allocation of Realized Losses.........................................................64 Section 4.06 IV-6 SECTION 4.05. Cross-Collateralization; Adjustments to Available Funds...............................IV-6 SECTION 4.06. Monthly Statements to Certificateholders..............................................65 Section 4.07 [Reserved]............................................................................67 Section 4.08 IV-7 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates.............................IV-7 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates............................67 IV-8 ARTICLE FIVE V THE CERTIFICATES....................................................................................69 Section 5.01 CERTIFICATES SECTION 5.01. The Certificates......................................................................69 Section 5.02 .......................................................................V-1 SECTION 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates...........69 Section 5.03 ............V-1 SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 Section 5.04 ......................................V-5 SECTION 5.04. Persons Deemed Owners.................................................................73 Section 5.05 ..................................................................V-5 SECTION 5.05. Access to List of Certificateholders' Names and Addresses.............................73 Section 5.06 ..............................V-6 SECTION 5.06. Maintenance of Office or Agency.......................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................75........................................................V-6

Priorities of Distribution. 60 61 Section 4.03 [Reserved]............................................................................64 65 Section 4.04 [Reserved]............................................................................64 65 Section 4.05 Allocation of Realized Losses.........................................................64 65 Section 4.06 Monthly Statements to Certificateholders..............................................65 66 Section 4.07 [Reserved]............................................................................67 68 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 68 ARTICLE FIVE THE CERTIFICATES....................................................................................69 70 Section 5.01 The Certificates......................................................................69 70 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates...........69 70 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates.....................................73 74 Section 5.04 Persons Deemed Owners.................................................................73 74 Section 5.05 Access to List of Certificateholders' Names and Addresses.............................73 74 Section 5.06 Maintenance of Office or Agency.......................................................74 75 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER................................................................7576

Priorities of Distribution. 60 59 Section 4.03 [Reserved]............................................................................64 ............................................................63 Section 4.04 [Reserved]............................................................................64 ............................................................63 Section 4.05 Allocation of Realized Losses.........................................................64 .........................................63 Section 4.06 Monthly Statements to Certificateholders..............................................65 ..............................64 Section 4.07 [Reserved]............................................................................67 ............................................................66 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates............................67 ............66 ARTICLE FIVE THE CERTIFICATES...................................................................................................................................................69 Section 5.01 The Certificates............................................................................................................................69 Section 5.02 Certificate Register; Registration of Transfer and Exchange of Certificates.....................................................................69 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates..........................................................73 Section 5.04 Persons Deemed Owners..................................................................................................................73 Section 5.05 Access to List of Certificateholders' Names and Addresses..........................................73 Section 5.06 Maintenance of Office or Agency..............................................................................................74 ARTICLE SIX THE DEPOSITOR AND THE MASTER SERVICER..................................................................................................................75