Common use of Receipt of Funds; Swap Administration Account Clause in Contracts

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3. The Swap Administration Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' advance notice to the Counterparty, CHL and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 34. The Swap Administration Account shall be an "“Eligible Account" ” as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' ’ advance notice to the Counterparty, CHL and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and by the Guarantor under the Swap Guarantee and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap ContractContract and by the Guarantor under the Swap Guarantee. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3. The Swap Administration Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' advance notice to the Counterparty, CHL and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3. The Swap Administration Account shall be an "“Eligible Account" ” as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' ’ advance notice to the Counterparty, CHL and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 34. The Swap Administration Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' advance notice to the Counterparty, CHL and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and by the Guarantor under the Swap Guarantee and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap ContractContract and by the Guarantor under the Swap Guarantee. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3. The Swap Administration Account shall be an "“Eligible Account" ” as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' ’ advance notice to the Counterparty, CHL and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the TrusteeIndenture Trustee on behalf of the Trust Estate, all amounts paid by the Counterparty under the Swap Contract and by the Guarantor under the Swap Guarantee and (ii) on behalf of the Counterparty, all amounts remitted by the Indenture Trustee pursuant to the Pooling and Servicing Agreement Indenture for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Indenture Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap ContractContract and by the Guarantor under the Swap Guarantee. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Indenture Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 3. The Swap Administration Account shall be an "“Eligible Account" ” as defined in the Pooling Indenture. The Swap Administration Account is an “outside reserve fund” within the meaning of Treasure Regulation 1.860G-2(h) and Servicing Agreementshall not be an asset of any REMIC. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' ’ advance notice to the Counterparty, CHL and the Indenture Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL GSC and the TrusteeIndenture Trustee on behalf of the Trust Estate, all amounts paid by the Counterparty under the Swap Contract and (ii) on behalf of the Counterparty, all amounts remitted by the Indenture Trustee pursuant to the Pooling and Servicing Agreement Indenture for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Indenture Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL GSC and the Indenture Trustee on behalf of the Holders of the Benefited Certificates Notes until withdrawn in accordance with this Section 3. The Swap Administration Account shall be an "“Eligible Account" ” as defined in the Pooling Indenture. The Swap Administration Account is an “outside reserve fund” within the meaning of Treasure Regulation 1.860G-2(h) and Servicing Agreementshall not be an asset of any REMIC. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' ’ advance notice to the Counterparty, CHL and the Indenture Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the CounterpartyCounterparty under the Swap Contract. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL Counterparty and the Trustee on behalf of the Holders of the Benefited Certificates until withdrawn in accordance with this Section 34. The Swap Administration Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' advance notice to the Counterparty, CHL Counterparty and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.

Receipt of Funds; Swap Administration Account. The Swap Contract Administrator hereby agrees to receive (i) on behalf of CHL and the Trustee, all amounts paid by the Counterparty under the Swap Contract and (ii) on behalf of the Counterparty, all amounts remitted by the Trustee pursuant to the Pooling and Servicing Agreement for payment to the Counterparty. The Swap Contract Administrator shall establish and maintain a Swap Administration Account into which the Swap Contract Administrator shall deposit or cause to be deposited on the Business Day of receipt, (x) all amounts remitted by the Trustee for payment to the Counterparty pursuant to the Swap Contract and (y) all amounts payable by the Counterparty under the Swap Contract. All funds deposited in the Swap Administration Account shall be held for the benefit of the Counterparty, CHL and the Trustee on behalf of the Holders of the Class of Benefited Certificates until withdrawn in accordance with this Section 34. The Swap Administration Account shall be an "Eligible Account" as defined in the Pooling and Servicing Agreement. Funds in the Swap Administration Account shall remain uninvested. The Swap Contract Administrator shall give at least 30 days' advance notice to the Counterparty, CHL and the Trustee of any proposed change of location of the Swap Administration Account prior to any change thereof.