Common use of The Corridor Contracts Clause in Contracts

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset of the Trust Fund but will not be an asset of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's ’s rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset of the Trust Fund but will not be an asset of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e4.04(d) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) 4.07 until such Corridor Contract Termination Date. On each the Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and Seller shall assign all of its right, title and interest in and to the interest rate corridor cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions transaction to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any the Corridor Contract Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide be delivered under the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance Contracts. The Master Servicer, on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct act as calculation agent and/or shall terminate the Corridor Contract Administrator to terminate a Corridor Contract Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes Certificates (by deposit of Certificates the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(e4.04(a) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such related Corridor Contract Termination Date. On each the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesC Certificateholder.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and Seller shall assign all of its right, title and interest in and to the interest rate corridor cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions transaction to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment AgreementAgreements. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any the Corridor Contract Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Assignment Agreements and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Assignment Agreements are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide be delivered under the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance Contracts. The Master Servicer, on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct act as calculation agent and/or shall terminate the Corridor Contract Administrator to terminate a Corridor Contract Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes Certificates (by deposit of Certificates the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(e4.04(a) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Cap Contract Termination Date. On each the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesC Certificateholder.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, Administrator on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset of the Trust Fund but will not be an asset of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into unto the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, termination and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate 100 Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) hereof on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) hereof until such the Corridor Contract Termination Date. On each the Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related a Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under each Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution DateThe Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e4.04(b) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related such Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under each Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution DateThe Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract 107 Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On each the Corridor Contract Termination DateDate for the Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the related Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A AF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact Contract and the Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. CHL Countrywide shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Supplemental Interest Trustee's rights to receive certain the proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Supplemental Interest Trust but will not be assets of the Trust Fund but will not be an asset of or any REMIC. The Supplemental Interest Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Supplemental Interest Trustee from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) Class of Certificates related to each the Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Countrywide, terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Supplemental Interest Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Supplemental Interest Trustee or the Master Servicer for the benefit of the Supplemental Interest Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) any related Yield Supplement Amount on the Distribution Dates following such termination related Class(es) of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund in respect of a Coorridor Contract, after the earlier of (i) the date on which the aggregate Class Certificate Balance of the Covered Certificates has been reduced to zero and including (ii) the applicable Corridor Contract Scheduled Termination Date, but shall not will be available for distribution distributed to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesUnderwriter.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset of the Trust Fund but will not be an asset of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e4.04(d) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and Seller shall assign all of its right, title and interest in and to the interest rate corridor cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions transaction to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Novation Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any the Corridor Contract Contracts into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of parties hereto acknowledge and agree that the Trustee from time is directed and authorized by the Depositor to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide sign the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution DateNovation Agreement and shall be fully protected in relying thereon. The Trustee shall direct representations made by the Bank of New York as Assignee under the Corridor Contract Administrator to terminate a Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Seller shall prepare and deliver any notices required to be delivered under the Corridor Contracts. The Seller shall act as calculation agent and/or shall terminate the Corridor Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes Certificates (by deposit of Certificates the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(e4.04(a) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Cap Contract Termination Date. On each the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesC Certificateholder.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Novation Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under a Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution DateThe Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e4.04(b) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On each the Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of any of the related Corridor Contract Contracts remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under each Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution DateThe Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On each the Corridor Contract Termination DateDate for the Class AF-1 Subordinate Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the related Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A AF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact Contract and the Adjustable Rate Subordinate Corridor Contract, the CV Certificates.. 125

The Corridor Contracts. CHL Countrywide shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Countrywide, terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the applicable Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) any related Yield Supplement Amount on the Distribution Dates following such termination Class 1-A-1, Class 1-A-3, Class 2-A-1, Class 2-A-3, Class 2-A-6, Class 2-A-8 and Class 2-A-14 Certificates, as applicable. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the Class Certificate Balances of the Class 1-A-1, Class 1-A-3, Class 2-A-1, Class 2-A-3, Class 2-A-6, Class 2-A-8 and Class 2-A-14 Certificates have been reduced to zero and including (ii) the applicable Corridor Contract Scheduled Termination Date, but shall not will be available for distribution distributed to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesUnderwriter.

The Corridor Contracts. CHL Countrywide shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts Contract to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts Contract as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any the Corridor Contract into the Carryover Shortfall Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any the Corridor Contract into the Carryover Shortfall Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) of Certificates related to each the Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Countrywide, terminate a the Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the applicable Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Shortfall Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) any related Yield Supplement Amount on the Distribution Dates following such termination to and including LIBOR Certificates (other than the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV A-1 Certificates).

The Corridor Contracts. CHL Countrywide shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Supplemental Interest Trustee's rights to receive certain the proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Supplemental Interest Trust but will not be assets of the Trust Fund but will not be an asset of or any REMIC. The Supplemental Interest Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Supplemental Interest Trustee from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) Class of Certificates related to each the Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Countrywide, terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Supplemental Interest Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Supplemental Interest Trustee or the Master Servicer for the benefit of the Supplemental Interest Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) any related Yield Supplement Amount on the Distribution Dates following such termination related Class(es) of Covered Certificates. Any amounts remaining in the Corridor Contract Reserve Fund in respect of a Corridor Contract, after the earlier of (i) the date on which the aggregate Class Certificate Balance of the related Covered Certificates has been reduced to zero and including (ii) the applicable Corridor Contract Scheduled Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall will be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesCountrywide.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Novation Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under each Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution DateThe Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e4.04(b) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related such Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and Seller shall assign all of its right, title and interest in and to the interest rate corridor cap transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions transaction to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Novation Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any the Corridor Contract Contracts into the Carryover Reserve Fund. The parties hereto acknowledge and agree that the Trustee is directed and authorized by the Depositor to sign the Corridor Contract Novation Agreement and shall be fully protected in relying thereon. The representations made by the Bank of New York as Assignee under the Corridor Contract Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The representations made by the Bank of New York as Assignee under the Corridor Contract Novation Agreement are made by the Trustee on behalf of, and solely as Trustee (and not in its individual capacity) for the Trust Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide be delivered under the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance Contracts. The Master Servicer, on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct act as calculation agent and/or shall terminate the Corridor Contract Administrator to terminate a Corridor Contract Contracts, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes Certificates (by deposit of Certificates the amount of any such Net Rate Carryover in the Carryover Reserve Fund for payment to the related Certificateholders) as provided in Section 4.04(e4.04(a) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Cap Contract Termination Date. On each the related Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesC Certificateholder.

The Corridor Contracts. CHL Countrywide shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Countrywide, terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) any related Yield Supplement Amount on the Distribution Dates following such termination Class 1-A-1 and Class 2-A-1 Certificates, as applicable. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the Class Certificate Balances of the Class 1-A-1 and Class 2-A-1 Certificates have been reduced to zero and including (ii) the applicable Corridor Contract Scheduled Termination Date, but shall not will be available for distribution distributed to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesUnderwriter.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under each Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution DateThe Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) or to CHL pursuant to Section 4.08(c) until such applicable Corridor Contract Termination Date. On each the Corridor Contract Termination DateDate for the Class AF-1 Subordinate Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract and the Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the related Class AF-1 Corridor Contract, the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A AF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV-1 Corridor Contract, the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact Contract and the Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. CHL Countrywide shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall cause UBS Management LLC, an affiliate of Credit Suisse Securities (USA) LLC to assign all of its right, title and interest in and to the each interest rate corridor transactions transaction as evidenced by the Corridor Contracts toapplicable Confirmation, and shall to cause all of its obligations in respect of each such transactions transaction to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the respective Corridor Contract Assignment Agreement. Novation Confirmation.. The Trustee's rights to receive certain proceeds of the each Corridor Contracts Contract as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) of Covered Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Credit Suisse Securities (USA) LLC, terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for any related Yield Supplement Amount on the applicable Classes of Certificates as provided Covered Certificates. Any amounts remaining in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by after the Trustee to earlier of (i) in the case date on which the aggregate Class Certificate Balance of any such amounts relating the Covered Certificates has been reduced to the Class AF-1A Corridor Contract, the Class CF Certificates, zero and (ii) in the case of any such amounts relating Corridor Contract Scheduled Termination Date, will be distributed to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesCredit Suisse Securities (USA) LLC.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset of the Trust Fund but will not be an asset of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e4.04(d) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) 4.07 until such Corridor Contract Termination Date. On each the Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL The Depositor shall cause The Bank of New York Citigroup Global Markets Inc. (or its relevant affiliate) to enter into the Corridor Contract Administration Agreement and shall assign all of its respective right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its Citigroup Global Markets Inc.'s obligations in respect of such transactions transaction to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any the Corridor Contracts into the Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any the Corridor Contracts into the Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) Class of Covered Certificates related to each the Corridor Contract Contracts after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Citigroup Global Markets Inc., terminate a the Corridor Contract Contracts upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) any related Yield Supplement Amount on the Distribution Dates following such termination to and including Covered Certificates. Any amounts remaining in the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by after the Trustee to earlier of (i) in the case date on which the aggregate Class Certificate Balance of any such amounts relating the Covered Certificates has been reduced to the Class AF-1A Corridor Contract, the Class CF Certificates, zero and (ii) in the case of any such amounts relating latest Corridor Contract Scheduled Termination Date, will be distributed to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV Certificates.Citigroup Global Markets Inc.

The Corridor Contracts. CHL Countrywide shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Corridor Contract Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Class Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to shall, upon receipt of direction from Countrywide, terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) any related Yield Supplement Amount on the Distribution Dates following such termination Class 1-A-1, Class 1-A-5, Class 1-A-6 and Class 1-A-8 Certificates, as applicable. Any amounts remaining in the Corridor Contract Reserve Fund, after the earlier of (i) the date on which the Class Certificate Balances of the Class 1-A-1, Class 1-A-5, Class 1-A-6 and Class 1-A-8 Certificates have been reduced to zero and including (ii) the applicable Corridor Contract Scheduled Termination Date, but shall not will be available for distribution distributed to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV CertificatesUnderwriter.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract Administrator, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset of the Trust Fund 120 but will not be an asset of any REMIC. The Trustee shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received on behalf of the Trustee from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee shall direct the Corridor Contract Administrator to terminate a Corridor Contract upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c4.07(c) or to CHL pursuant to Section 4.07(c) until such applicable Corridor Contract Termination Date. On each the Corridor Contract Termination DateDate for the Class AF-1 Corridor Contract, Class 1-AV Corridor Contract, Class 2-AV Corridor Contract, Class 3-AV Corridor Contract and Adjustable Rate Subordinate Corridor Contract, after all other distributions on such date, if any such amounts in respect of early termination of the related Class AF-1 Corridor Contract, Class 1-AV Corridor Contract, Class 2-AV Corridor Contract, Class 3-AV Corridor Contract or the Adjustable Rate Subordinate Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A AF-1 Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 1-AV Corridor Contract, Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV Certificates.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under each Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution DateThe Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such the Corridor Contract Termination Date. On each the Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related a Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.

The Corridor Contracts. CHL The Master Servicer shall cause The Bank of New York the Citigroup Global Markets Inc. to enter into the Corridor Contract Administration Agreement and shall assign all of its respective right, title and interest in and to the interest rate corridor transactions evidenced by the Class A-9 Corridor Contracts Contract to, and shall cause all of its the Citigroup Global Markets Inc.'s obligations in respect of such transactions transaction to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Novation Agreement. The Trustee's rights to receive certain proceeds of Class A-1 and Class A-5 Corridor Contract and the Class A-2, Class A-4 and Class A-9 Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset assets of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit cause to be deposited any amounts received from time to time with respect to any the Corridor Contracts into the Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any Corridor Contract into the Carryover Reserve Fund. No later than two Business Days following each Distribution Date, the Trustee shall provide be delivered under the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance Contracts. The Master Servicer, on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct act as calculation agent and/or shall terminate the Corridor Contract Administrator to terminate a Corridor Contract Contracts, upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the applicable Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator an amount in respect of such terminationTrustee, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, an amount in respect of such termination. Any amounts received by the Trustee for the benefit of the Trust Fund in respect of the termination of a Corridor Contract shall be deposited and held in the Carryover Corridor Contract Reserve Fund and applied on future Distribution Dates to pay Net Rate Carryover for the applicable Classes Yield Supplement Amount on the related Class of Certificates as provided Covered Certificates. Any amounts remaining in Section 4.04(e) the Corridor Contract Reserve Fund on the Distribution Dates Date immediately following such termination to and including the applicable earlier of (x) the latest Corridor Contract Scheduled Termination DateDate and (y) the date on which the aggregate Class Certificate Balance of the Covered Certificates has been reduced to zero, but shall will be distributed to the Citigroup Global Markets Inc., and will not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such Corridor Contract Termination Date. On each Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination payment of the related Corridor Contract remain in Yield Supplement Amount on the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Covered Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV Certificatesas applicable.

The Corridor Contracts. CHL shall cause The Bank of New York to enter into the Corridor Contract Administration Agreement and shall assign all of its right, title and interest in and to the interest rate corridor transactions evidenced by the Corridor Contracts to, and shall cause all of its obligations in respect of such transactions to be assumed by, the Corridor Contract AdministratorTrustee on behalf of the Trust Fund, on the terms and conditions set forth in the Corridor Contract Assignment Agreement. The Trustee's rights to receive certain proceeds of the Corridor Contracts as provided in the Corridor Contract Administration Agreement will be an asset assets of the Trust Fund but will not be an asset of any REMIC. The Trustee Master Servicer, on behalf of the Trustee, shall deposit any amounts received from time to time with respect to any Corridor Contract into the Carryover Reserve Fund. The Master Servicer shall deposit any amounts received Servicer, on behalf of the Trustee from time Trustee, shall prepare and deliver any notices required to time with respect to any be delivered under each Corridor Contract into the Carryover Reserve FundContract. No later than two Business Days following each Distribution Date103 The Master Servicer, the Trustee shall provide the Corridor Contract Administrator with information regarding the aggregate Certificate Principal Balance on behalf of the Class(es) of Certificates related to each Corridor Contract after all distributions on such Distribution Date. The Trustee Trustee, shall direct the Corridor Contract Administrator to act as calculation agent and/or shall terminate a Corridor Contract Contract, in each case upon the occurrence of certain events of default or termination events to the extent specified thereunder. Upon any such termination, the Corridor Contract Counterparty will be obligated to pay the Corridor Contract Administrator Trustee or the Master Servicer for the benefit of the Trust Fund an amount in respect of such termination, and the portion of such amount that is distributable to the Trust Fund pursuant to the Corridor Contract Administration Agreement and . Any amounts received by the Trustee or the Master Servicer for the benefit of the Trust Fund, as the case may be, in respect of such termination shall be deposited and held in the Carryover Reserve Fund to pay Net Rate Carryover for the applicable Classes of Certificates as provided in Section 4.04(e) on the Distribution Dates following such termination to and including the applicable Corridor Contract Termination Date, but shall not be available for distribution to the applicable Class of Class C Certificates pursuant to Section 4.08(c) until such the Corridor Contract Termination Date. On each the Corridor Contract Termination Date, after all other distributions on such date, if any such amounts in respect of early termination of the related a Corridor Contract remain in the Carryover Reserve Fund, such amounts shall be distributed by the Trustee to (i) in the case of any such amounts relating to the Class AF-1A Corridor Contract, the Class CF Certificates, and (ii) in the case of any such amounts relating to the Class 2-AV Corridor Contract, Class 3-AV Corridor Contact and Adjustable Rate Subordinate Corridor Contract, the CV C Certificates.