Common use of Retention of Beneficial Interest by Depositor Clause in Contracts

Retention of Beneficial Interest by Depositor. With respect to any Pass- Through Certificates, if so specified in the related Terms Supplement, in the event that the interest rate received with respect to an Asset backing a fixed-rate Giant Certificate is less than (or more than) the Class Coupon, the Depositor may retain ownership of a proportionate beneficial interest in the unpaid principal balance of (or interest payments on) such Asset so that, after giving effect to distributions in respect of the Depositor’s beneficial interest, the amount of interest available to distribute to Holders is sufficient for such Holders to receive interest at the Class Coupon.

Retention of Beneficial Interest by Depositor. With respect to any Pass- Pass-Through Certificates, if so specified in the related Terms Supplement, in the event that the interest rate received with respect to an Asset backing a fixed-rate Giant Certificate is less than (or more than) the Class Coupon, the Depositor may retain ownership of a proportionate beneficial interest in the unpaid principal balance of (or interest payments on) such Asset so that, after giving effect to distributions in respect of the Depositor’s beneficial interest, the amount of interest available to distribute to Holders is sufficient for such Holders to receive interest at the Class Coupon.

Retention of Beneficial Interest by Depositor. With respect to any Pass- Pass-Through Certificates, if so specified in the related Terms Supplement, in the event that the interest rate received with respect to an Asset backing a fixed-rate Supers or Giant Certificate MBS is less than (or more than) the Class Coupon, the Depositor may retain ownership of a proportionate beneficial interest in the unpaid principal balance of (or interest payments on) such Asset so that, after giving effect to distributions in respect of the Depositor’s beneficial interest, the amount of interest available to distribute to Holders is sufficient for such Holders to receive interest at the Class Coupon.