Common use of Required Reserve Fund Deposit Clause in Contracts

Required Reserve Fund Deposit. The sum of (i) for any Distribution Date on which the excess of (a) the Group I Net WAC Cap, over (b) the weighted average of the rates on the offered certificates, other than the Class A-IO and Class S 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 Group I 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, and (ii) for any Distribution Date on which the excess of (a) the Group II Net WAC Cap, over (b) the weighted average of the rates on the offered certificates, other than the Class A-IO and Class S 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 Group II 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 and the Class S Certificates.

Required Reserve Fund Deposit. The sum of (i) for any Distribution Date on which the excess of (a) the Group I Net WAC Cap, over (b) the weighted average of the rates on the offered certificates, other than the Class A-IO and Class S 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 Group I 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, and (ii) for any Distribution Date on which the excess of (a) the Group II Net WAC Cap, over (b) the weighted average of the rates on the offered certificates, other than the Class A-IO and Class S 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 Group II 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 and the Class S Certificates.