Common use of Required Reserve Fund Deposit Clause in Contracts

Required Reserve Fund Deposit. For any Distribution Date on which the difference between (a) the Subordinate Net WAC Cap for such date, and (b) the weighted average of the rates on the Offered Certificates is less than 0.25%, an amount that would cause the balance held in the Basis Risk Reserve Fund to equal 0.50% of the Assumed Principal Balance of the Mortgage Loans for such date, and, for any other Distribution Date, the amount that would cause the balance held in the Basis Risk Reserve Fund to equal $1,000. Residual Certificates: The Class R Certificates. Senior Certificates: Any Class of Certificates including the letter “A” in its class designation.

Required Reserve Fund Deposit. For any Distribution Date on which the difference between (a) the Subordinate [ ] Net WAC Cap for such date, and (b) the weighted average of the rates on the Offered Certificates is less than 0.25[ ]%, an amount that would cause the balance held in the Basis Risk Reserve Fund to equal 0.50[ ]% of the Assumed Principal Balance of the Mortgage Loans for such date, and, for any other Distribution Date, the amount that would cause the balance held in the Basis Risk Reserve Fund to equal $[1,000. ].] Residual Certificates: The Class R Certificates. Senior Certificates: Any Class of Certificates including the letter “A” in its class designation.