Common use of Transfers of Mortgage Loans at Election of Transferor Clause in Contracts

Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require the transfer of Mortgage Loans in a Loan Group from the Trust to the Transferor as of the close of business on a Payment Date (the "Transfer Date") in an amount not in excess of Net Draws at the time. In connection with any transfer, the related Allocated Transferor Interest shall be reduced by the aggregate Asset Balances as of the Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "Transfer Notice Date") before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer a notice of the proposed transfer that contains a list of the Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be permitted if the following conditions are satisfied:

Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, at its election, the Transferor may require cause the Trust to transfer, and the Transferor will accept the transfer of of, Mortgage Loans in a Loan Group from the Trust to the Transferor as of the close of business on a Payment Date (the "“Transfer Date") in an amount not in excess of Net Draws at the time”). In connection with any transfer, the related Allocated Transferor Interest shall be reduced by the aggregate Asset Principal Balances as of the their Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "“Transfer Notice Date"”) before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer Insurer a notice of the proposed transfer that contains a list of the randomly selected Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be limited to the amount of the Transferor Interest on the Transfer Date and permitted if the following conditions are satisfied:

Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require the transfer of Mortgage Loans in a Loan Group from the Trust to the Transferor as of the close of business on a Payment Date (the "Transfer DateTRANSFER DATE") in an amount not in excess of Net Draws at the time). In connection with any transfer, the related Allocated Transferor Interest shall be reduced by the aggregate Asset Balances as of the their Transfer Date of the Mortgage Loans transferred. On the fifth [fifth] Business Day (the "Transfer Notice DateTRANSFER NOTICE DATE") before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, [and] the Master Servicer[, and the Credit Enhancer Enhancer] a notice of the proposed transfer that contains a list of the Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be permitted if the following conditions are satisfied:

Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require will accept the transfer of Mortgage Loans in a Loan Group from the Trust to the Transferor as of the close of business on a Payment Date (the "“Transfer Date") in an amount not in excess of Net Draws at the time”). In connection with any transfer, the related Allocated Transferor Interest shall be reduced by the aggregate Asset Principal Balances as of the their Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "“Transfer Notice Date"”) before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer Insurer a notice of the proposed transfer that contains a list of the randomly selected Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be limited to the amount of the Transferor Interest on the Transfer Date and permitted if the following conditions are satisfied:

Transfers of Mortgage Loans at Election of Transferor. Subject to the conditions below, the Transferor may require the transfer of Mortgage Loans in a Loan Group from the Trust to the Transferor as of the close of business on a Payment Date (the "Transfer Date") in an amount not in excess of Net Draws at the time. In connection with any transfer, the related Allocated Transferor Interest shall be reduced by the aggregate Asset Balances as of the Transfer Date of the Mortgage Loans transferred. On the fifth Business Day (the "Transfer Notice Date") before the Transfer Date designated in the notice, the Transferor shall give the Owner Trustee, the Indenture Trustee, the Master Servicer, and the Credit Enhancer a notice of the proposed transfer that contains a list of the Mortgage Loans to be transferred. These transfers of Mortgage Loans shall be permitted if the following conditions are satisfied: