EXHIBIT 4
GS MORTGAGE SECURITIES CORP.,
Depositor,
LITTON LOAN SERVICING LP,
Servicer,
AVELO MORTGAGE, L.L.C.,
Servicer,
THE BANK OF NEW YORK
Custodian,
U.S. BANK NATIONAL
ASSOCIATION,
Custodian,
DEUTSCHE BANK NATIONAL TRUST COMPANY,
Custodian,
LASALLE BANK NATIONAL ASSOCIATION,
Trustee,
and
WELLS FARGO BANK, N.A.,
Master Servicer and Securities Administrator
-----------------------------------------------------
POOLING AND SERVICING AGREEMENT
Dated as of October 1, 2006
------------------------------------------------------
GSAMP TRUST 2006-HE7
MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 2006-HE7
<PAGE>
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
Section 1.01
Definitions...................................................
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
REPRESENTATIONS AND WARRANTIES
Section 2.01 Conveyance
of Mortgage Loans..................................
Section 2.02 Acceptance
by the Trustee of the Mortgage Loans...............
Section 2.03
Representations, Warranties and Covenants of the Servicers
and each
Custodian.........................................
Section 2.04 Execution
and Delivery of Certificates........................
Section 2.05 REMIC
Matters.................................................
Section 2.06
Representations and Warranties of the Depositor...............
Section 2.07
Enforcement of Obligations for Breach of Mortgage Loan
Representations............................................
ARTICLE III
ADMINISTRATION AND SERVICING
OF MORTGAGE LOANS
Section 3.01 Servicers
to Service Mortgage Loans...........................
Section 3.02
Subservicing Agreements between a Servicer and Subservicers...
Section 3.03 Successor
Subservicers........................................
Section 3.04 Liability
of the Servicer.....................................
Section 3.05 No
Contractual Relationship between Subservicers, the
Trustee and the Master Servicer............................
Section 3.06 Assumption
or Termination of Subservicing Agreements by
Master Servicer............................................
Section 3.07 Collection
of Certain Mortgage Loan Payments..................
Section 3.08
Subservicing Accounts.........................................
Section 3.09 Collection
of Taxes, Assessments and Similar Items; Escrow
Accounts...................................................
Section 3.10 Collection
Account............................................
Section 3.11
Withdrawals from the Collection Account.......................
Section 3.12 Investment
of Funds in the Collection Account and the
Distribution Account......................................
Section 3.13
Maintenance of Hazard Insurance, Errors and Omissions and
Fidelity Coverage..........................................
Section 3.14
Enforcement of Due-on-Sale Clauses; Assumption Agreements.....
Section 3.15
Realization upon Defaulted Mortgage Loans.....................
Section 3.16 Release of
Mortgage Files.....................................
Section 3.17 Title,
Conservation and Disposition of REO Property...........
Section 3.18
Notification of Adjustments...................................
Section 3.19 Access to
Certain Documentation and Information Regarding
the
Mortgage Loans........................................
Section 3.20 Documents,
Records and Funds in Possession of the Servicers
to Be Held for the Securities Administrator for the
Benefit of the Trustee.....................................
Section 3.21 Servicing
Compensation........................................
Section 3.22 Annual
Statement as to Compliance.............................
Section 3.23 Annual
Reports on Assessment of Compliance with Servicing
Criteria; Annual Independent Public Accountants'
Attestation Report.........................................
Section 3.24 Master
Servicer to Act as Servicer............................
Section 3.25
Compensating Interest.........................................
Section 3.26 Credit
Reporting; Gramm-Leach-Bliley Act......................
Section 3.27 Excess
Reserve Fund Account; Distribution Account.............
Section 3.28 Optional
Purchase of Delinquent Mortgage Loans................
Section 3.29 Transfer
of Servicing for Certain Mortgage Loans..............
ARTICLE IV
DISTRIBUTIONS AND
ADVANCES BY THE SERVICER
Section 4.01
Advances......................................................
Section 4.02 Priorities
of Distribution....................................
Section 4.03 Monthly
Statements to Certificateholders......................
Section 4.04 Certain
Matters Relating to the Determination of LIBOR........
Section 4.05 Allocation
of Applied Realized Loss Amounts...................
Section 4.06
Supplemental Interest Trust...................................
ARTICLE V
THE CERTIFICATES
Section 5.01 The
Certificates..............................................
Section 5.02
Certificate Register; Registration of Transfer and Exchange
of Certificates............................................
Section 5.03 Mutilated,
Destroyed, Lost or Stolen Certificates.............
Section 5.04 Persons
Deemed Owners.........................................
Section 5.05 Access to
List of Certificateholders' Names and Addresses.....
Section 5.06
Maintenance of Office or Agency...............................
ARTICLE VI
THE
DEPOSITOR AND THE SERVICERS
Section 6.01 Respective
Liabilities of the Depositor and the Servicers.....
Section 6.02 Merger or
Consolidation of the Depositor or a Servicer........
Section 6.03 Limitation
on Liability of the Depositor, the Servicers and
Others.....................................................
Section 6.04 Limitation
on Resignation of a Servicer.......................
Section 6.05 Additional
Indemnification by the Servicers; Third Party
Claims.....................................................
Section 6.06 Servicing
Rights Pledge.......................................
ARTICLE VII
DEFAULT
Section 7.01 Events of
Default.............................................
Section 7.02 Master
Servicer to Act; Appointment of Successor Servicer.....
Section 7.03
Notification to Certificateholders............................
ARTICLE VIII
CONCERNING THE TRUSTEE AND THE CUSTODIANS
Section 8.01 Duties of
the Trustee.........................................
Section 8.02 Certain
Matters Affecting each Custodian and the Trustee......
Section 8.03 Trustee
Not Liable for Certificates or Mortgage Loans.........
Section 8.04 Trustee
May Own Certificates..................................
Section 8.05 Trustee's
Fees and Expenses and Indemnification...............
Section 8.06
Eligibility Requirements for the Trustee......................
Section 8.07
Resignation and Removal of the Trustee........................
Section 8.08 Successor
Trustee.............................................
Section 8.09 Merger or
Consolidation of the Trustee........................
Section 8.10
Appointment of Co-Trustee or Separate Trustee.................
Section 8.11 Tax
Matters...................................................
Section 8.12 Periodic
Filings..............................................
Section 8.13 Tax
Treatment of Upper-Tier Carry Forward Amounts, Basis
Risk Carry Forward Amounts, the Supplemental Interest
Trust and the Interest Rate Swap Agreement.................
Section 8.14 Custodial
Responsibilities....................................
Section 8.15
Limitations on Custodial Responsibilities.....................
ARTICLE IX
ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER
Section 9.01 Duties of
the Master Servicer; Enforcement of Servicer's
Obligations................................................
Section 9.02
Maintenance of Fidelity Bond and Errors and Omissions
Insurance.................................................
Section 9.03
Representations and Warranties of the Master Servicer.........
Section 9.04 Master
Servicer Events of Default.............................
Section 9.05 Waiver of
Default.............................................
Section 9.06 Successor
to the Master Servicer..............................
Section 9.07
Compensation of the Master Servicer...........................
Section 9.08 Merger or
Consolidation.......................................
Section 9.09
Resignation of the Master Servicer............................
Section 9.10 Assignment
or Delegation of Duties by the Master Servicer.....
Section 9.11 Limitation
on Liability of the Master Servicer................
Section 9.12
Indemnification; Third Party Claims...........................
ARTICLE X
CONCERNING THE SECURITIES ADMINISTRATOR
Section 10.01 Duties of
Securities Administrator............................
Section 10.02 Certain Matters
Affecting the Securities Administrator........
Section 10.03 Securities
Administrator Not Liable for Certificates or
Mortgage Loans.............................................
Section 10.04 Securities
Administrator May Own Certificates.................
Section 10.05 Securities
Administrator's Fees and Expenses..................
Section 10.06 Eligibility
Requirements for Securities Administrator.........
Section 10.07 Resignation and
Removal of Securities Administrator...........
Section 10.08 Successor
Securities Administrator............................
Section 10.09 Merger or
Consolidation of Securities Administrator...........
Section 10.10 Assignment or
Delegation of Duties by the Securities
Administrator..............................................
ARTICLE XI
TERMINATION
Section 11.01 Termination upon
Liquidation or Purchase of the Mortgage
Loans......................................................
Section 11.02 Final
Distribution on the Certificates........................
Section 11.03 Additional
Termination Requirements...........................
ARTICLE XII
MISCELLANEOUS PROVISIONS
Section 12.01
Amendment.....................................................
Section 12.02 Recordation of
Agreement; Counterparts........................
Section 12.03 Governing
Law.................................................
Section 12.04 Intention of
Parties..........................................
Section 12.05
Notices.......................................................
Section 12.06 Severability of
Provisions....................................
Section 12.07 Assignment;
Sales; Advance Facilities.........................
Section 12.08 Limitation on
Rights of Certificateholders....................
Section 12.09 Inspection and
Audit Rights...................................
Section 12.10 Certificates
Nonassessable and Fully Paid.....................
Section 12.11 Waiver of Jury
Trial..........................................
Section 12.12 Limitation of
Damages.........................................
Section 12.13 Rights of Third
Parties.......................................
Section 12.14 No
Solicitation...............................................
Section 12.15 Regulation AB
Compliance; Intent of the Parties;
Reasonableness.............................................
SCHEDULES
Schedule I Mortgage Loan
Schedule
Schedule II Representations and
Warranties of Litton Loan Servicing LP,
as Servicer
Schedule III
[Reserved]
Schedule IV Representations and
Warranties of Avelo Mortgage, L.L.C., as
Servicer
Schedule V Representations
and Warranties of The Bank of New York, as
Custodian
Schedule VI Representations and
Warranties of U.S. Bank National Association,
as Custodian
Schedule VII
Representations and Warranties of Deutsche Bank National Trust
Company, as Custodian
EXHIBITS
Exhibit A-1 Form of Class A, Class
M and Class B Certificates
Exhibit B Form of
Class P Certificate
Exhibit C
[Reserved]
Exhibit D-1 Form of Class R
Certificate
Exhibit D-2 Form of Class RC
Certificate
Exhibit D-3 Form of Class RX
Certificate
Exhibit E Form of
Class X Certificate
Exhibit F Form of
Initial Certification of the Custodians
Exhibit G Form of
Document Certification and Exception Report of the
Custodians
Exhibit H Form of
Residual Transfer Affidavit
Exhibit I Form of
Transferor Certificate
Exhibit J Form of
Rule 144A Letter
Exhibit K Form of
Investment Letter (Non-Rule 144A)
Exhibit L Form of
Request for Release
Exhibit M Contents
of Each Mortgage File
Exhibit N
[Reserved]
Exhibit O Form of
Certification to be provided with Form 10-K
Exhibit P Form of
Securities Administrator Certification to be provided to
Depositor
Exhibit Q-1 Form of Servicer
Certification to be provided to Depositor
Exhibit Q-2 Form of Subservicer
Certification to be provided to Depositor
Exhibit Q-3 Form of Master
Servicer Certification to be provided to Depositor
Exhibit R Form of
Power of Attorney
Exhibit S
Representations and Warranties Agreement
Exhibit T Servicing
Criteria
Exhibit U Additional
Form 10-D Disclosure
Exhibit V Additional
Form 10-K Disclosure
Exhibit W Form 8-K
Disclosure Information
Exhibit X Interest
Rate Swap Agreement
Exhibit Y Aames
Agreements
Exhibit Z First
Horizon Agreements
Exhibit AA NovaStar
Agreements
Exhibit BB [Reserved]
Exhibit CC Form of Servicer
Remittance Report
Exhibit DD Form of Monthly
Defaulted Loan Report
Exhibit EE Form of Realized
Loss Report
<PAGE>
THIS POOLING AND SERVICING AGREEMENT, dated as of October 1,
2006, among GS MORTGAGE SECURITIES CORP., a Delaware corporation
(the
"Depositor"), LITTON LOAN SERVICING LP, a Delaware limited
partnership, as a
servicer ("Litton"), AVELO MORTGAGE, L.L.C., a Delaware limited
liability
company, as a servicer ("Avelo", and together with Litton, the
"Servicers"), THE
BANK OF NEW YORK, a New York banking corporation, as a custodian
("The Bank of
New York"), U.S. BANK NATIONAL ASSOCIATION, a national banking
association, as a
custodian (a "U.S. Bank"), DEUTSCHE BANK NATIONAL TRUST COMPANY, a
national
banking association, as a custodian ("Deutsche Bank", and together
with The Bank
of New York and U.S. Bank, the "Custodians"), LASALLE BANK NATIONAL
ASSOCIATION,
as trustee (the "Trustee"), and WELLS FARGO BANK, N.A., as
securities
administrator (in such capacity, the "Securities Administrator")
and as master
servicer (in such capacity, the "Master Servicer").
W I T N E S S E T H:
- - - - - - - - - -
In consideration of the mutual agreements herein contained, the
parties hereto agree as follows:
PRELIMINARY STATEMENT
The Securities Administrator shall elect that five segregated
asset pools within the Trust Fund (exclusive of (i) the Prepayment
Premiums,
(ii) the Interest Rate Swap Agreement, (iii) the Supplemental
Interest Trust,
(iv) the Excess Reserve Fund Account and (v) the right of the LIBOR
Certificates
to receive Basis Risk Carry Forward Amounts and, without
duplication, Upper-Tier
Carry Forward Amounts and the obligation to pay Class IO
Shortfalls) be treated
for federal income tax purposes as comprising five REMICs (each, a
"Trust REMIC"
or, in the alternative, Pooling-Tier REMIC-1, Pooling-Tier REMIC-2,
the
Lower-Tier REMIC, the Upper-Tier REMIC and the Class X REMIC,
respectively). The
Class X Interest, Class IO Interest and each Class of LIBOR
Certificates (other
than the right of each Class of LIBOR Certificates to receive (i)
Basis Risk
Carry Forward Amounts and, without duplication, Upper-Tier Carry
Forward Amounts
and (ii) the obligation to pay Class IO Shortfalls) represents
ownership of a
regular interest in a REMIC for purposes of the REMIC
Provisions.
The Class RX Certificates represent ownership of the sole class
of residual interest in the Class X REMIC for purposes of the REMIC
Provisions.
The Class RC Certificates represent ownership of the sole class of
residual
interest in Pooling-Tier REMIC-1 for purposes of the REMIC
Provisions. The Class
R Certificates represent ownership of the sole class of residual
interest in
each of Pooling-Tier REMIC-2, the Lower-Tier REMIC and the
Upper-Tier REMIC for
purposes of the REMIC Provisions. The Start-up Day for each Trust
REMIC is the
Closing Date. The latest possible maturity date for each regular
interest is the
latest date referenced in Section 2.05.
The Class X REMIC shall hold as assets the Class UT-X Interest,
the Class UT-IO Interest and the Class UT-3 Interest as set out
below. The
Upper-Tier REMIC shall hold as assets the several classes of
uncertificated
Lower-Tier Regular Interests, set out below. The Lower-Tier REMIC
shall hold as
assets the several classes of uncertificated Pooling-Tier REMIC-2
Regular
Interests. Pooling-Tier REMIC-2 shall hold as assets the several
classes of
uncertificated Pooling-Tier REMIC-1 Regular Interests. Pooling-Tier
REMIC-1
shall hold as assets the assets of the Trust Fund (exclusive of (i)
the
Prepayment Premiums, (ii) the Interest Rate Swap Agreement, (iii)
the
Supplemental Interest Trust, (iv) the Excess Reserve Fund Account
and (v) the
right of the LIBOR Certificates to receive Basis Risk Carry Forward
Amounts and,
without duplication, Upper-Tier Carry Forward Amounts and the
obligation to pay
Class IO Shortfalls). Each such Lower Tier Regular Interest is
hereby designated
as a regular interest in the Lower Tier REMIC. The Class LT-A-1,
Class LT-A-2A,
Class LT-A-2B, Class LT-A-2C, Class LT-A-2D, Class LT-M-1, Class
LT-M-2, Class
LT-M-3, Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-M-7,
Class LT-M-8,
Class LT-M-9, Class LT-B-1 and Class LT-B-2 Interests are hereby
designated the
LT-Accretion Directed Classes (the "LT-Accretion Directed
Classes").
The Class X REMIC shall hold as assets the Class UT-X Interest,
the Class UT-IO Interest and the Class UT-3 Interest issued by the
Upper-Tier
REMIC, the Class X Interest and the Class IO Interest shall
represent the
regular interests issued by the Class X REMIC and the Class RX
Interest shall
represent the sole class residual interest in the Class X REMIC.
The Class X
Interest and the Class IO Interest shall be represented by the
Class X
Certificates.
For federal income tax purposes, each Class of LIBOR
Certificates, the Class X Certificates, and the Class P
Certificates represent
beneficial ownership of portions of the Trust Fund, which shall be
treated as a
grantor trust as more fully described in Section 8.11.
Pooling-Tier REMIC-1
--------------------
Pooling-Tier REMIC-1 shall issue the following interests in
Pooling-Tier REMIC-1, and each such interest is hereby designated
as a regular
interest in the Pooling-Tier REMIC-1. Pooling-Tier REMIC-1
Interests with an "I"
in their designation shall relate to Loan Group I and Pooling Tier
REMIC-1
Interests with a "II" in their designation shall relate to Loan
Group II.
Pooling-Tier REMIC-1 shall also issue the Class RC Certificates.
The Class RC
Certificates are hereby designated as the sole class of residual
interest in
Pooling-Tier REMIC-1. The Class RC Certificates shall have a $100
Class
Certificate Balance and shall have no interest rate.
Initial Pooling-Tier
Pooling-Tier
Pooling-Tier REMIC-1
REMIC-1 Principal
REMIC-1 Interest
Interest Rate
Amount
----------------
--------------------
--------------------
Class PT1-I-1
(1)
$10,807,755.45
Class PT1-I-2A
(2)
$ 3,026,209.24
Class PT1-I-2B
(3)
$ 3,026,209.24
Class PT1-I-3A
(2)
$ 3,654,010.93
Class PT1-I-3B
(3)
$ 3,654,010.93
Class PT1-I-4A
(2)
$ 4,274,117.18
Class PT1-I-4B
(3)
$ 4,274,117.18
Class PT1-I-5A
(2)
$ 4,881,145.95
Class PT1-I-5B
(3)
$ 4,881,145.95
Class PT1-I-6A
(2)
$ 5,469,552.28
Class PT1-I-6B
(3)
$ 5,469,552.28
Class PT1-I-7A
(2)
$ 6,033,682.66
Class PT1-I-7B
(3)
$ 6,033,682.66
Class PT1-I-8A
(2)
$ 6,567,766.29
Class PT1-I-8B
(3)
$ 6,567,766.29
Class PT1-I-9A
(2)
$ 7,066,260.77
Class PT1-I-9B
(3)
$ 7,066,260.77
Class PT1-I-10A
(2)
$ 7,510,052.77
Class PT1-I-10B
(3)
$ 7,510,052.77
Class PT1-I-11A
(2)
$ 7,585,548.37
Class PT1-I-11B
(3)
$ 7,585,548.37
Class PT1-I-12A
(2)
$ 7,311,536.53
Class PT1-I-12B
(3)
$ 7,311,536.53
Class PT1-I-13A
(2)
$ 6,973,692.68
Class PT1-I-13B
(3)
$ 6,973,692.68
Class PT1-I-14A
(2)
$ 6,651,620.08
Class PT1-I-14B
(3)
$ 6,651,620.08
Class PT1-I-15A
(2)
$ 6,344,576.11
Class PT1-I-15B
(3)
$ 6,344,576.11
Class PT1-I-16A
(2)
$ 6,051,849.19
Class PT1-I-16B
(3)
$ 6,051,849.19
Class PT1-I-17A
(2)
$ 5,772,774.09
Class PT1-I-17B
(3)
$ 5,772,774.09
Class PT1-I-18A
(2)
$ 5,506,704.30
Class PT1-I-18B
(3)
$ 5,506,704.30
Class PT1-I-19A
(2)
$ 5,253,028.32
Class PT1-I-19B
(3)
$ 5,253,028.32
Class PT1-I-20A
(2)
$ 5,012,891.74
Class PT1-I-20B
(3)
$ 5,012,891.74
Class PT1-I-21A
(2)
$ 4,781,945.91
Class PT1-I-21B
(3)
$ 4,781,945.91
Class PT1-I-22A
(2)
$ 4,688,781.31
Class PT1-I-22B
(3)
$ 4,688,781.31
Class PT1-I-23A
(2)
$ 7,386,606.10
Class PT1-I-23B
(3)
$ 7,386,606.10
Class PT1-I-24A
(2)
$ 9,144,606.22
Class PT1-I-24B
(3)
$ 9,144,606.22
Class PT1-I-25A
(2)
$ 8,519,246.64
Class PT1-I-25B
(3)
$ 8,519,246.64
Class PT1-I-26A
(2)
$ 5,777,680.34
Class PT1-I-26B
(3)
$ 5,777,680.34
Class PT1-I-27A
(2)
$ 3,739,768.01
Class PT1-I-27B
(3)
$ 3,739,768.01
Class PT1-I-28A
(2)
$ 3,128,260.30
Class PT1-I-28B
(3)
$ 3,128,260.30
Class PT1-I-29A
(2)
$ 2,960,521.14
Class PT1-I-29B
(3)
$ 2,960,521.14
Class PT1-I-30A
(2)
$ 2,802,171.95
Class PT1-I-30B
(3)
$ 2,802,171.95
Class PT1-I-31A
(2)
$ 727,031.14
Class PT1-I-31B
(3)
$ 727,031.14
Class PT1-I-32A
(2)
$ 1,389,072.83
Class PT1-I-32B
(3)
$ 1,389,072.83
Class PT1-I-33A
(2)
$ 2,259,243.87
Class PT1-I-33B
(3)
$ 2,259,243.87
Class PT1-I-34A
(2)
$ 2,139,536.38
Class PT1-I-34B
(3)
$ 2,139,536.38
Class PT1-I-35A
(2)
$ 2,026,326.16
Class PT1-I-35B
(3)
$ 2,026,326.16
Class PT1-I-36A
(2)
$ 1,919,375.34
Class PT1-I-36B
(3)
$ 1,919,375.34
Class PT1-I-37A
(2)
$ 1,818,354.65
Class PT1-I-37B
(3)
$ 1,818,354.65
Class PT1-I-38A
(2)
$ 1,722,912.88
Class PT1-I-38B
(3)
$ 1,722,912.88
Class PT1-I-39A
(2)
$ 1,632,694.51
Class PT1-I-39B
(3)
$ 1,632,694.51
Class PT1-I-40A
(2)
$ 1,547,403.65
Class PT1-I-40B
(3)
$ 1,547,403.65
Class PT1-I-41A
(2)
$ 1,466,750.78
Class PT1-I-41B
(3)
$ 1,466,750.78
Class PT1-I-42A
(2)
$ 1,390,496.82
Class PT1-I-42B
(3)
$ 1,390,496.82
Class PT1-I-43A
(2)
$ 1,318,387.18
Class PT1-I-43B
(3)
$ 1,318,387.18
Class PT1-I-44A
(2)
$ 1,250,187.24
Class PT1-I-44B
(3)
$ 1,250,187.24
Class PT1-I-45A
(2)
$ 1,185,676.48
Class PT1-I-45B
(3)
$ 1,185,676.48
Class PT1-I-46A
(2)
$ 1,124,648.23
Class PT1-I-46B
(3)
$ 1,124,648.23
Class PT1-I-47A
(2)
$ 1,066,907.71
Class PT1-I-47B
(3)
$ 1,066,907.71
Class PT1-I-48A
(2)
$ 1,046,778.11
Class PT1-I-48B
(3)
$ 1,046,778.11
Class PT1-I-49A
(2)
$ 1,011,122.09
Class PT1-I-49B
(3)
$ 1,011,122.09
Class PT1-I-50A
(2)
$ 959,609.00
Class PT1-I-50B
(3)
$ 959,609.00
Class PT1-I-51A
(2)
$ 910,847.54
Class PT1-I-51B
(3)
$ 910,847.54
Class PT1-I-52A
(2)
$ 864,685.03
Class PT1-I-52B
(3)
$ 864,685.03
Class PT1-I-53A
(2)
$ 820,977.50
Class PT1-I-53B
(3)
$ 820,977.50
Class PT1-I-54A
(2)
$ 779,589.18
Class PT1-I-54B
(3)
$ 779,589.18
Class PT1-I-55A
(2)
$ 740,392.05
Class PT1-I-55B
(3)
$ 740,392.05
Class PT1-I-56A
(2)
$ 703,265.35
Class PT1-I-56B
(3)
$ 703,265.35
Class PT1-I-57A
(2)
$ 668,096.12
Class PT1-I-57B
(3)
$ 668,096.12
Class PT1-I-58A
(2)
$ 634,820.94
Class PT1-I-58B
(3)
$ 634,820.94
Class PT1-I-59A
(2)
$ 603,333.73
Class PT1-I-59B
(3)
$ 603,333.73
Class PT1-I-60A
(2)
$ 573,596.42
Class PT1-I-60B
(3)
$ 573,596.42
Class PT1-I-61A
(2)
$10,574,454.99
Class PT1-I-61B
(3)
$10,574,454.99
Class PT1-II-1
(4)
$11,280,513.90
Class PT1-II-2A
(5)
$ 3,158,554.03
Class PT1-II-2B
(6)
$ 3,158,554.03
Class PT1-II-3A
(5)
$ 3,813,811.29
Class PT1-II-3B
(6)
$ 3,813,811.29
Class PT1-II-4A
(5)
$ 4,461,036.56
Class PT1-II-4B
(6)
$ 4,461,036.56
Class PT1-II-5A
(5)
$ 5,094,612.43
Class PT1-II-5B
(6)
$ 5,094,612.43
Class PT1-II-6A
(5)
$ 5,708,751.46
Class PT1-II-6B
(6)
$ 5,708,751.46
Class PT1-II-7A
(5)
$ 6,297,552.87
Class PT1-II-7B
(6)
$ 6,297,552.87
Class PT1-II-8A
(5)
$ 6,854,993.51
Class PT1-II-8B
(6)
$ 6,854,993.51
Class PT1-II-9A
(5)
$ 7,375,288.58
Class PT1-II-9B
(6)
$ 7,375,288.58
Class PT1-II-10A
(5)
$ 7,838,488.87
Class PT1-II-10B
(6)
$ 7,838,488.87
Class PT1-II-11A
(5)
$ 7,917,286.11
Class PT1-II-11B
(6)
$ 7,917,286.11
Class PT1-II-12A
(5)
$ 7,631,290.95
Class PT1-II-12B
(6)
$ 7,631,290.95
Class PT1-II-13A
(5)
$ 7,278,672.22
Class PT1-II-13B
(6)
$ 7,278,672.22
Class PT1-II-14A
(5)
$ 6,942,514.47
Class PT1-II-14B
(6)
$ 6,942,514.47
Class PT1-II-15A
(5)
$ 6,622,042.58
Class PT1-II-15B
(6)
$ 6,622,042.58
Class PT1-II-16A
(5)
$ 6,316,513.88
Class PT1-II-16B
(6)
$ 6,316,513.88
Class PT1-II-17A
(5)
$ 6,025,234.02
Class PT1-II-17B
(6)
$ 6,025,234.02
Class PT1-II-18A
(5)
$ 5,747,528.24
Class PT1-II-18B
(6)
$ 5,747,528.24
Class PT1-II-19A
(5)
$ 5,482,758.28
Class PT1-II-19B
(6)
$ 5,482,758.28
Class PT1-II-20A
(5)
$ 5,232,119.84
Class PT1-II-20B
(6)
$ 5,232,119.84
Class PT1-II-21A
(5)
$ 4,991,074.09
Class PT1-II-21B
(6)
$ 4,991,074.09
Class PT1-II-22A
(5)
$ 4,893,835.14
Class PT1-II-22B
(6)
$ 4,893,835.14
Class PT1-II-23A
(5)
$ 7,709,643.53
Class PT1-II-23B
(6)
$ 7,709,643.53
Class PT1-II-24A
(5)
$ 9,544,526.02
Class PT1-II-24B
(6)
$ 9,544,526.02
Class PT1-II-25A
(5)
$ 8,891,817.68
Class PT1-II-25B
(6)
$ 8,891,817.68
Class PT1-II-26A
(5)
$ 6,030,354.83
Class PT1-II-26B
(6)
$ 6,030,354.83
Class PT1-II-27A
(5)
$ 3,903,318.77
Class PT1-II-27B
(6)
$ 3,903,318.77
Class PT1-II-28A
(5)
$ 3,265,068.07
Class PT1-II-28B
(6)
$ 3,265,068.07
Class PT1-II-29A
(5)
$ 3,089,993.20
Class PT1-II-29B
(6)
$ 3,089,993.20
Class PT1-II-30A
(5)
$ 2,924,718.95
Class PT1-II-30B
(6)
$ 2,924,718.95
Class PT1-II-31A
(5)
$ 758,826.29
Class PT1-II-31B
(6)
$ 758,826.29
Class PT1-II-32A
(5)
$ 1,449,820.97
Class PT1-II-32B
(6)
$ 1,449,820.97
Class PT1-II-33A
(5)
$ 2,358,047.07
Class PT1-II-33B
(6)
$ 2,358,047.07
Class PT1-II-34A
(5)
$ 2,233,104.43
Class PT1-II-34B
(6)
$ 2,233,104.43
Class PT1-II-35A
(5)
$ 2,114,943.20
Class PT1-II-35B
(6)
$ 2,114,943.20
Class PT1-II-36A
(5)
$ 2,003,315.12
Class PT1-II-36B
(6)
$ 2,003,315.12
Class PT1-II-37A
(5)
$ 1,897,876.50
Class PT1-II-37B
(6)
$ 1,897,876.50
Class PT1-II-38A
(5)
$ 1,798,260.79
Class PT1-II-38B
(6)
$ 1,798,260.79
Class PT1-II-39A
(5)
$ 1,704,096.91
Class PT1-II-39B
(6)
$ 1,704,096.91
Class PT1-II-40A
(5)
$ 1,615,076.04
Class PT1-II-40B
(6)
$ 1,615,076.04
Class PT1-II-41A
(5)
$ 1,530,895.99
Class PT1-II-41B
(6)
$ 1,530,895.99
Class PT1-II-42A
(5)
$ 1,451,307.23
Class PT1-II-42B
(6)
$ 1,451,307.23
Class PT1-II-43A
(5)
$ 1,376,044.03
Class PT1-II-43B
(6)
$ 1,376,044.03
Class PT1-II-44A
(5)
$ 1,304,861.51
Class PT1-II-44B
(6)
$ 1,304,861.51
Class PT1-II-45A
(5)
$ 1,237,529.51
Class PT1-II-45B
(6)
$ 1,237,529.51
Class PT1-II-46A
(5)
$ 1,173,832.32
Class PT1-II-46B
(6)
$ 1,173,832.32
Class PT1-II-47A
(5)
$ 1,113,566.63
Class PT1-II-47B
(6)
$ 1,113,566.63
Class PT1-II-48A
(5)
$ 1,092,556.71
Class PT1-II-48B
(6)
$ 1,092,556.71
Class PT1-II-49A
(5)
$ 1,055,341.35
Class PT1-II-49B
(6)
$ 1,055,341.35
Class PT1-II-50A
(5)
$ 1,001,575.45
Class PT1-II-50B
(6)
$ 1,001,575.45
Class PT1-II-51A
(5)
$ 950,681.51
Class PT1-II-51B
(6)
$ 950,681.51
Class PT1-II-52A
(5)
$ 902,500.18
Class PT1-II-52B
(6)
$ 902,500.18
Class PT1-II-53A
(5)
$ 856,881.20
Class PT1-II-53B
(6)
$ 856,881.20
Class PT1-II-54A
(5)
$ 813,682.85
Class PT1-II-54B
(6)
$ 813,682.85
Class PT1-II-55A
(5)
$ 772,771.52
Class PT1-II-55B
(6)
$ 772,771.52
Class PT1-II-56A
(5)
$ 734,021.16
Class PT1-II-56B
(6)
$ 734,021.16
Class PT1-II-57A
(5)
$ 697,313.88
Class PT1-II-57B
(6)
$ 697,313.88
Class PT1-II-58A
(5)
$ 662,583.48
Class PT1-II-58B
(6)
$ 662,583.48
Class PT1-II-59A
(5)
$ 629,719.24
Class PT1-II-59B
(6)
$ 629,719.24
Class PT1-II-60A
(5)
$ 598,681.43
Class PT1-II-60B
(6)
$ 598,681.43
Class PT1-II-61A
(5)
$11,036,906.17
Class PT1-II-61B
(6)
$11,036,906.17
Class PT1-R
(7)
$
100
--------------------
(1)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-1 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-1 Interest Rate") equal to
the
Pooling-Tier REMIC-1 Loan Group I WAC Rate.
(2)
For any Distribution Date (and the related Interest Accrual Period)
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its
"Pooling-Tier REMIC-1 Interest Rate") equal to the product of
(i) 2 and (ii) the Pooling-Tier REMIC-1 Loan Group I WAC Rate,
subject
to a maximum rate equal to the applicable Fixed Swap Rate.
(3)
For any Distribution Date (and the related Interest Accrual Period)
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its "Pooling-Tier REMIC-1 Interest Rate") equal to the
excess, if
any, of (A) the product of (i) 2 and (ii) the Pooling-Tier REMIC-1
Loan
Group I WAC Rate over (B) the applicable Fixed Swap Rate.
(4)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-1 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-1 Interest Rate") equal to
the
Pooling-Tier REMIC-1 Loan Group II WAC Rate.
(5)
For any Distribution Date (and the related Interest Accrual Period)
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its "Pooling-Tier REMIC-1 Interest Rate") equal to the
product of
(i) 2 and (ii) the Pooling-Tier REMIC-1 Loan Group II WAC Rate,
subject
to a maximum rate equal to the applicable Fixed Swap Rate.
(6)
For any Distribution Date (and the related Interest Accrual Period)
this
Pooling-Tier REMIC-1 Regular Interest shall bear interest at a per
annum
rate (its "Pooling-Tier REMIC-1 Interest Rate") equal to the
excess, if
any, of (A) the
product of (i) 2 and (ii) the Pooling-Tier REMIC-1 Loan
Group II WAC Rate over (B) the applicable Fixed Swap Rate.
(7)
The Class PT1-R Interest shall not bear interest.
On each Distribution Date, the Securities Administrator shall
first pay from the Trust Fund and charge as an expense of
Pooling-Tier REMIC-1
all expenses of the Trust for such Distribution Date. Such expense,
other than
Servicing Fees and Trustee Fees, shall be allocated in the same
manner as
Realized Losses.
On each Distribution Date, the interest distributable in
respect
of the Mortgage Loans from the related Loan Group for such
Distribution Date
shall be deemed to be distributed to the Pooling-Tier REMIC-1
Regular Interests
at the rates shown above.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group I Mortgage Loans
shall be
allocated to the Class RC Certificates (in respect of the Class
PT1-R Interest)
pursuant to Section 4.02(a)(iii) until its Class Certificate
Balance is reduced
to zero, then to the outstanding Pooling-Tier REMIC-1 Regular
Interest relating
to Loan Group I with the lowest numerical denomination until the
Pooling-Tier
REMIC-1 Principal Amount of such interest is reduced to zero,
provided that,
with respect to Pooling-Tier REMIC-1 Regular Interests relating to
Loan Group I
with the same numerical denomination, such Realized Losses and
payments of
principal shall be allocated pro rata between such Pooling-Tier
REMIC-1 Regular
Interests, until the Pooling-Tier REMIC-1 Principal Amount of such
interest is
reduced to zero.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group II Mortgage Loans
shall be
allocated to the outstanding Pooling-Tier REMIC-1 Regular Interest
relating to
Loan Group II with the lowest numerical denomination until the
Pooling-Tier
REMIC-1 Principal Amount of such interest is reduced to zero,
provided that,
with respect to Pooling-Tier REMIC-1 Regular Interests relating to
Loan Group II
with the same numerical denomination, such Realized Losses and
payments of
principal shall be allocated pro rata between such Pooling-Tier
REMIC-1 Regular
Interests, until the Pooling-Tier REMIC-1 Principal Amount of such
interest is
reduced to zero.
Pooling-Tier REMIC-2
Pooling-Tier REMIC-2 shall issue the following interests in
Pooling-Tier REMIC-2, and each such interest, other than the Class
PT2-R
Interest, is hereby designated as a regular interest in
Pooling-Tier REMIC-2.
Pooling-Tier REMIC-2 Interests with an "I" in their designation
shall relate to
Loan Group I and Pooling Tier REMIC-2 Interests with a "II" in
their designation
shall relate to Loan Group II. The Class PT2-R Interest is hereby
designated as
the sole class of residual interest in Pooling-Tier REMIC-2 and
shall be
represented by the Class R Certificates.
<TABLE>
<CAPTION>
Corresponding
Corresponding
Corresponding
Pooling-Tier
Pooling-Tier
Scheduled
Pooling-Tier
Pooling-Tier
Pooling-Tier REMIC-2 REMIC-2 IO
Regular
Crossover
REMIC-2 Interest REMIC-2 Interest
Rate
Initial Principal Amount Interest
Interest
Distribution Date
------------------ ---------------------
------------------------ ------------------
----------------
-----------------
<S>
<C>
<C>
<C>
<C>
<C>
Class PT2-I-1
(1)
$
10,807,705.45 N/A
N/A
N/A
Class PT2-I-2A
(2)
$
3,026,209.24 Class PT2-I-IO-2
N/A
N/A
Class PT2-I-2B
(3)
$
3,026,209.24 N/A
N/A
N/A
Class PT2-I-3A
(2)
$
3,654,010.93 Class PT2-I-IO-3
N/A
N/A
Class PT2-I-3B
(3)
$
3,654,010.93
N/A
N/A
N/A
Class PT2-I-4A
(2)
$
4,274,117.18 Class PT2-I-IO-4
N/A
N/A
Class PT2-I-4B
(3)
$
4,274,117.18 N/A
N/A
N/A
Class PT2-I-5A
(2)
$
4,881,145.95 Class PT2-I-IO-5
N/A
N/A
Class PT2-I-5B
(3)
$
4,881,145.95 N/A
N/A
N/A
Class PT2-I-6A
(2)
$
5,469,552.28 Class PT2-I-IO-6
N/A
N/A
Class PT2-I-6B
(3)
$
5,469,552.28 N/A
N/A
N/A
Class PT2-I-7A
(2)
$
6,033,682.66 Class PT2-I-IO-7
N/A
N/A
Class PT2-I-7B
(3)
$
6,033,682.66 N/A
N/A
N/A
Class PT2-I-8A
(2)
$
6,567,766.29 Class PT2-I-IO-8
N/A
N/A
Class PT2-I-8B
(3)
$
6,567,766.29 N/A
N/A
N/A
Class PT2-I-9A
(2)
$
7,066,260.77 Class PT2-I-IO-9
N/A
N/A
Class PT2-I-9B
(3)
$
7,066,260.77 N/A
N/A
N/A
Class PT2-I-10A
(2)
$
7,510,052.77 Class PT2-I-IO-10
N/A
N/A
Class PT2-I-10B
(3)
$
7,510,052.77 N/A
N/A
N/A
Class PT2-I-11A
(2)
$
7,585,548.37 Class PT2-I-IO-11
N/A
N/A
Class PT2-I-11B
(3)
$
7,585,548.37 N/A
N/A
N/A
Class PT2-I-12A
(2)
$
7,311,536.53 Class PT2-I-IO-12
N/A
N/A
Class PT2-I-12B
(3)
$
7,311,536.53 N/A
N/A
N/A
Class PT2-I-13A
(2)
$
6,973,692.68 Class PT2-I-IO-13
N/A
N/A
Class PT2-I-13B
(3)
$
6,973,692.68 N/A
N/A
N/A
Class PT2-I-14A
(2)
$
6,651,620.08 Class PT2-I-IO-14
N/A
N/A
Class PT2-I-14B
(3)
$
6,651,620.08 N/A
N/A
N/A
Class PT2-I-15A
(2)
$
6,344,576.11 Class PT2-I-IO-15
N/A
N/A
Class PT2-I-15B
(3)
$
6,344,576.11
N/A
N/A
N/A
Class PT2-I-16A
(2)
$
6,051,849.19 Class PT2-I-IO-16
N/A
N/A
Class PT2-I-16B
(3)
$
6,051,849.19 N/A
N/A
N/A
Class PT2-I-17A
(2)
$
5,772,774.09 Class PT2-I-IO-17
N/A
N/A
Class PT2-I-17B
(3)
$
5,772,774.09 N/A
N/A
N/A
Class PT2-I-18A
(2)
$
5,506,704.30 Class PT2-I-IO-18
N/A
N/A
Class PT2-I-18B
(3)
$
5,506,704.30 N/A
N/A
N/A
Class PT2-I-19A
(2)
$
5,253,028.32 Class PT2-I-IO-19
N/A
N/A
Class PT2-I-19B
(3)
$
5,253,028.32 N/A
N/A
N/A
Class PT2-I-20A
(2)
$
5,012,891.74 Class PT2-I-IO-20
N/A
N/A
Class PT2-I-20B
(3)
$
5,012,891.74 N/A
N/A
N/A
Class PT2-I-21A
(2)
$
4,781,945.91 Class PT2-I-IO-21
N/A
N/A
Class PT2-I-21B
(3)
$
4,781,945.91 N/A
N/A
N/A
Class PT2-I-22A
(2)
$
4,688,781.31 Class PT2-I-IO-22
N/A
N/A
Class PT2-I-22B
(3)
$
4,688,781.31 N/A
N/A
N/A
Class PT2-I-23A
(2)
$
7,386,606.10 Class PT2-I-IO-23
N/A
N/A
Class PT2-I-23B
(3)
$
7,386,606.10 N/A
N/A
N/A
Class PT2-I-24A
(2)
$
9,144,606.22 Class PT2-I-IO-24
N/A
N/A
Class PT2-I-24B
(3)
$
9,144,606.22 N/A
N/A
N/A
Class PT2-I-25A
(2)
$
8,519,246.64 Class PT2-I-IO-25
N/A
N/A
Class PT2-I-25B
(3)
$
8,519,246.64 N/A
N/A
N/A
Class PT2-I-26A
(2)
$
5,777,680.34 Class PT2-I-IO-26
N/A
N/A
Class PT2-I-26B
(3)
$
5,777,680.34 N/A
N/A
N/A
Class PT2-I-27A
(2)
$
3,739,768.01 Class PT2-I-IO-27
N/A
N/A
Class PT2-I-27B
(3)
$
3,739,768.01 N/A
N/A
N/A
Class PT2-I-28A
(2)
$
3,128,260.30 Class PT2-I-IO-28
N/A
N/A
Class PT2-I-28B
(3)
$
3,128,260.30 N/A
N/A
N/A
Class PT2-I-29A
(2)
$
2,960,521.14 Class PT2-I-IO-29
N/A
N/A
Class PT2-I-29B
(3)
$
2,960,521.14 N/A
N/A
N/A
Class PT2-I-30A
(2)
$
2,802,171.95 Class PT2-I-IO-30
N/A
N/A
Class PT2-I-30B
(3)
$
2,802,171.95 N/A
N/A
N/A
Class PT2-I-31A
(2)
$
727,031.14
Class PT2-I-IO-31 N/A
N/A
Class PT2-I-31B
(3)
$
727,031.14
N/A
N/A
N/A
Class PT2-I-32A
(2)
$
1,389,072.83 Class PT2-I-IO-32
N/A
N/A
Class PT2-I-32B
(3)
$
1,389,072.83 N/A
N/A
N/A
Class PT2-I-33A
(2)
$
2,259,243.87 Class PT2-I-IO-33
N/A
N/A
Class PT2-I-33B
(3)
$
2,259,243.87 N/A
N/A
N/A
Class PT2-I-34A
(2)
$
2,139,536.38 Class PT2-I-IO-34
N/A
N/A
Class PT2-I-34B
(3)
$
2,139,536.38 N/A
N/A
N/A
Class PT2-I-35A
(2)
$
2,026,326.16 Class PT2-I-IO-35
N/A
N/A
Class PT2-I-35B
(3)
$
2,026,326.16 N/A
N/A
N/A
Class PT2-I-36A
(2)
$
1,919,375.34 Class PT2-I-IO-36
N/A
N/A
Class PT2-I-36B
(3)
$
1,919,375.34 N/A
N/A
N/A
Class PT2-I-37A
(2)
$
1,818,354.65 Class PT2-I-IO-37
N/A
N/A
Class PT2-I-37B
(3)
$
1,818,354.65 N/A
N/A
N/A
Class PT2-I-38A
(2)
$
1,722,912.88 Class PT2-I-IO-38
N/A
N/A
Class PT2-I-38B
(3)
$
1,722,912.88 N/A
N/A
N/A
Class PT2-I-39A
(2)
$
1,632,694.51 Class PT2-I-IO-39
N/A
N/A
Class PT2-I-39B
(3)
$
1,632,694.51 N/A
N/A
N/A
Class PT2-I-40A
(2)
$
1,547,403.65 Class PT2-I-IO-40
N/A
N/A
Class PT2-I-40B
(3)
$
1,547,403.65 N/A
N/A
N/A
Class PT2-I-41A
(2)
$
1,466,750.78 Class PT2-I-IO-41
N/A
N/A
Class PT2-I-41B
(3)
$
1,466,750.78 N/A
N/A
N/A
Class PT2-I-42A
(2)
$
1,390,496.82 Class PT2-I-IO-42
N/A
N/A
Class PT2-I-42B
(3)
$
1,390,496.82 N/A
N/A
N/A
Class PT2-I-43A
(2)
$
1,318,387.18 Class PT2-I-IO-43
N/A
N/A
Class PT2-I-43B
(3)
$
1,318,387.18 N/A
N/A
N/A
Class PT2-I-44A
(2)
$
1,250,187.24 Class PT2-I-IO-44
N/A
N/A
Class PT2-I-44B
(3)
$
1,250,187.24 N/A
N/A
N/A
Class PT2-I-45A
(2)
$
1,185,676.48 Class PT2-I-IO-45
N/A
N/A
Class PT2-I-45B
(3)
$
1,185,676.48 N/A
N/A
N/A
Class PT2-I-46A
(2)
$
1,124,648.23 Class PT2-I-IO-46
N/A
N/A
Class PT2-I-46B
(3)
$
1,124,648.23 N/A
N/A
N/A
Class PT2-I-47A
(2)
$
1,066,907.71 Class PT2-I-IO-47
N/A
N/A
Class PT2-I-47B
(3)
$
1,066,907.71 N/A
N/A
N/A
Class PT2-I-48A
(2)
$
1,046,778.11 Class PT2-I-IO-48
N/A
N/A
Class PT2-I-48B
(3)
$
1,046,778.11 N/A
N/A
N/A
Class PT2-I-49A
(2)
$
1,011,122.09 Class PT2-I-IO-49
N/A
N/A
Class PT2-I-49B
(3)
$
1,011,122.09 N/A
N/A
N/A
Class PT2-I-50A
(2)
$
959,609.00
Class PT2-I-IO-50 N/A
N/A
Class PT2-I-50B
(3)
$
959,609.00
N/A
N/A
N/A
Class PT2-I-51A
(2)
$
910,847.54
Class PT2-I-IO-51 N/A
N/A
Class PT2-I-51B
(3)
$
910,847.54
N/A
N/A
N/A
Class PT2-I-52A
(2)
$
864,685.03
Class PT2-I-IO-52 N/A
N/A
Class PT2-I-52B
(3)
$
864,685.03
N/A
N/A
N/A
Class PT2-I-53A
(2)
$
820,977.50
Class PT2-I-IO-53 N/A
N/A
Class PT2-I-53B
(3)
$
820,977.50
N/A
N/A
N/A
Class PT2-I-54A
(2)
$
779,589.18
Class PT2-I-IO-54 N/A
N/A
Class PT2-I-54B
(3)
$
779,589.18
N/A
N/A
N/A
Class PT2-I-55A
(2)
$
740,392.05
Class PT2-I-IO-55 N/A
N/A
Class PT2-I-55B
(3)
$
740,392.05
N/A
N/A
N/A
Class PT2-I-56A
(2)
$
703,265.35
Class PT2-I-IO-56 N/A
N/A
Class PT2-I-56B
(3)
$
703,265.35
N/A
N/A
N/A
Class PT2-I-57A
(2)
$
668,096.12
Class PT2-I-IO-57 N/A
N/A
Class PT2-I-57B
(3)
$
668,096.12
N/A
N/A
N/A
Class PT2-I-58A
(2)
$
634,820.94
Class PT2-I-IO-58 N/A
N/A
Class PT2-I-58B
(3)
$
634,820.94
N/A
N/A
N/A
Class PT2-I-59A
(2)
$
603,333.73
Class PT2-I-IO-59 N/A
N/A
Class PT2-I-59B
(3)
$
603,333.73
N/A
N/A
N/A
Class PT2-I-60A
(2)
$
573,596.42
Class PT2-I-IO-60 N/A
N/A
Class PT2-I-60B
(3)
$
573,596.42
N/A
N/A
N/A
Class PT2-I-61A
(2)
$
10,574,454.99 Class PT2-I-IO-61
N/A
N/A
Class PT2-I-61B
(3)
$
10,574,454.99 N/A
N/A
N/A
Class PT2-I-IO-2
(4)
(4)
N/A
Class
PT1-I-2A November
2006
Class PT2-I-IO-3
(4)
(4)
N/A
Class PT1-I-3A December
2006
Class PT2-I-IO-4
(4)
(4)
N/A
Class
PT1-I-4A January 2007
Class PT2-I-IO-5
(4)
(4)
N/A
Class PT1-I-5A February
2007
Class PT2-I-IO-6
(4)
(4)
N/A
Class PT1-I-6A March 2007
Class PT2-I-IO-7
(4)
(4)
N/A
Class PT1-I-7A April 2007
Class PT2-I-IO-8
(4)
(4)
N/A
Class PT1-I-8A May 2007
Class PT2-I-IO-9
(4)
(4)
N/A
Class PT1-I-9A June 2007
Class PT2-I-IO-10
(4)
(4)
N/A
Class PT1-I-10A July 2007
Class PT2-I-IO-11
(4)
(4)
N/A
Class PT1-I-11A August 2007
Class PT2-I-IO-12
(4)
(4)
N/A
Class PT1-I-12A
September
2007
Class PT2-I-IO-13
(4)
(4)
N/A
Class PT1-I-13A October 2007
Class PT2-I-IO-14
(4)
(4)
N/A
Class PT1-I-14A
November
2007
Class PT2-I-IO-15
(4)
(4)
N/A
Class PT1-I-15A December 2007
Class PT2-I-IO-16
(4)
(4)
N/A
Class PT1-I-16A
January 2008
Class PT2-I-IO-17
(4)
(4)
N/A
Class PT1-I-17A February 2008
Class PT2-I-IO-18
(4)
(4)
N/A
Class PT1-I-18A
March 2008
Class PT2-I-IO-19
(4)
(4)
N/A
Class PT1-I-19A April 2008
Class PT2-I-IO-20
(4)
(4)
N/A
Class PT1-I-20A May 2008
Class PT2-I-IO-21
(4)
(4)
N/A
Class PT1-I-21A June 2008
Class PT2-I-IO-22
(4)
(4)
N/A
Class PT1-I-22A July 2008
Class PT2-I-IO-23
(4)
(4)
N/A
Class PT1-I-23A August 2008
Class PT2-I-IO-24
(4)
(4)
N/A
Class PT1-I-24A September 2008
Class PT2-I-IO-25
(4)
(4)
N/A
Class PT1-I-25A October 2008
Class PT2-I-IO-26
(4)
(4)
N/A
Class PT1-I-26A November 2008
Class PT2-I-IO-27
(4)
(4)
N/A
Class PT1-I-27A December 2008
Class PT2-I-IO-28
(4)
(4)
N/A
Class PT1-I-28A January 2009
Class PT2-I-IO-29
(4)
(4)
N/A
Class PT1-I-29A February 2009
Class PT2-I-IO-30
(4)
(4)
N/A
Class PT1-I-30A March 2009
Class PT2-I-IO-31
(4)
(4)
N/A
Class PT1-I-31A April 2009
Class PT2-I-IO-32
(4)
(4)
N/A
Class PT1-I-32A May 2009
Class PT2-I-IO-33
(4)
(4)
N/A
Class PT1-I-33A June 2009
Class PT2-I-IO-34
(4)
(4)
N/A
Class PT1-I-34A July 2009
Class PT2-I-IO-35
(4)
(4)
N/A
Class PT1-I-35A August 2009
Class PT2-I-IO-36
(4)
(4)
N/A
Class PT1-I-36A September 2009
Class PT2-I-IO-37
(4)
(4)
N/A
Class PT1-I-37A October 2009
Class PT2-I-IO-38
(4)
(4)
N/A
Class PT1-I-38A November 2009
Class PT2-I-IO-39
(4)
(4)
N/A
Class PT1-I-39A December 2009
Class PT2-I-IO-40
(4)
(4)
N/A
Class PT1-I-40A January 1, 2010
Class PT2-I-IO-41
(4)
(4)
N/A
Class PT1-I-41A February 1, 2010
Class PT2-I-IO-42
(4)
(4)
N/A
Class PT1-I-42A March 1, 2010
Class PT2-I-IO-43
(4)
(4)
N/A
Class PT1-I-43A April 1, 2010
Class PT2-I-IO-44
(4)
(4)
N/A
Class PT1-I-44A May 1, 2010
Class PT2-I-IO-45
(4)
(4)
N/A
Class PT1-I-45A June 1, 2010
Class PT2-I-IO-46
(4)
(4)
N/A
Class PT1-I-46A July 1, 2010
Class PT2-I-IO-47
(4)
(4)
N/A
Class PT1-I-47A August 1, 2010
Class PT2-I-IO-48
(4)
(4)
N/A
Class PT1-I-48A September 1, 2010
Class PT2-I-IO-49
(4)
(4)
N/A
Class PT1-I-49A October 1, 2010
Class PT2-I-IO-50
(4)
(4)
N/A
Class PT1-I-50A November 1, 2010
Class PT2-I-IO-51
(4)
(4)
N/A
Class PT1-I-51A December 1, 2010
Class PT2-I-IO-52
(4)
(4)
N/A
Class PT1-I-52A January 1, 2011
Class PT2-I-IO-53
(4)
(4)
N/A
Class PT1-I-53A February 1, 2011
Class PT2-I-IO-54
(4)
(4)
N/A
Class PT1-I-54A March 1, 2011
Class PT2-I-IO-55
(4)
(4)
N/A
Class PT1-I-55A April 1, 2011
Class PT2-I-IO-56
(4)
(4)
N/A
Class PT1-I-56A May 1, 2011
Class PT2-I-IO-57
(4)
(4)
N/A
Class PT1-I-57A June 1, 2011
Class PT2-I-IO-58
(4)
(4)
N/A
Class PT1-I-58A July 1, 2011
Class PT2-I-IO-59
(4)
(4)
N/A
Class PT1-I-59A August 1, 2011
Class PT2-I-IO-60
(4)
(4)
N/A
Class PT1-I-60A September 1, 2011
Class PT2-I-IO-61
(4)
(4)
N/A
Class PT1-I-61A October 1, 2011
Class PT2-II-1
(5)
$
11,280,513.90 N/A
N/A
N/A
Class PT2-II-2A
(6)
$
3,158,554.03 Class PT2-II-IO-2
N/A
N/A
Class PT2-II-2B
(7)
$
3,158,554.03 N/A
N/A
N/A
Class PT2-II-3A
(6)
$
3,813,811.29 Class PT2-II-IO-3
N/A
N/A
Class PT2-II-3B
(7)
$
3,813,811.29 N/A
N/A
N/A
Class PT2-II-4A
(6)
$
4,461,036.56
Class
PT2-II-IO-4 N/A
N/A
Class PT2-II-4B
(7)
$
4,461,036.56 N/A
N/A
N/A
Class PT2-II-5A
(6)
$
5,094,612.43 Class PT2-II-IO-5
N/A
N/A
Class PT2-II-5B
(7)
$
5,094,612.43 N/A
N/A
N/A
Class PT2-II-6A
(6)
$
5,708,751.46 Class PT2-II-IO-6
N/A
N/A
Class PT2-II-6B
(7)
$
5,708,751.46 N/A
N/A
N/A
Class PT2-II-7A
(6)
$
6,297,552.87 Class PT2-II-IO-7
N/A
N/A
Class PT2-II-7B
(7)
$
6,297,552.87 N/A
N/A
N/A
Class PT2-II-8A
(6)
$
6,854,993.51 Class PT2-II-IO-8
N/A
N/A
Class PT2-II-8B
(7)
$
6,854,993.51 N/A
N/A
N/A
Class PT2-II-9A
(6)
$
7,375,288.58 Class PT2-II-IO-9
N/A
N/A
Class PT2-II-9B
(7)
$
7,375,288.58 N/A
N/A
N/A
Class PT2-II-10A
(6)
$
7,838,488.87 Class PT2-II-IO-10
N/A
N/A
Class PT2-II-10B
(7)
$
7,838,488.87 N/A
N/A
N/A
Class PT2-II-11A
(6)
$
7,917,286.11 Class PT2-II-IO-11
N/A
N/A
Class PT2-II-11B
(7)
$
7,917,286.11 N/A
N/A
N/A
Class PT2-II-12A
(6)
$
7,631,290.95 Class PT2-II-IO-12
N/A
N/A
Class PT2-II-12B
(7)
$
7,631,290.95 N/A
N/A
N/A
Class PT2-II-13A
(6)
$
7,278,672.22 Class PT2-II-IO-13
N/A
N/A
Class PT2-II-13B
(7)
$
7,278,672.22 N/A
N/A
N/A
Class PT2-II-14A
(6)
$
6,942,514.47 Class PT2-II-IO-14
N/A
N/A
Class PT2-II-14B
(7)
$
6,942,514.47 N/A
N/A
N/A
Class PT2-II-15A
(6)
$
6,622,042.58 Class PT2-II-IO-15
N/A
N/A
Class PT2-II-15B
(7)
$
6,622,042.58 N/A
N/A
N/A
Class PT2-II-16A
(6)
$
6,316,513.88 Class PT2-II-IO-16
N/A
N/A
Class PT2-II-16B
(7)
$
6,316,513.88 N/A
N/A
N/A
Class PT2-II-17A
(6)
$
6,025,234.02 Class PT2-II-IO-17
N/A
N/A
Class PT2-II-17B
(7)
$
6,025,234.02 N/A
N/A
N/A
Class PT2-II-18A
(6)
$
5,747,528.24 Class PT2-II-IO-18
N/A
N/A
Class PT2-II-18B
(7)
$
5,747,528.24 N/A
N/A
N/A
Class PT2-II-19A
(6)
$
5,482,758.28 Class PT2-II-IO-19
N/A
N/A
Class PT2-II-19B
(7)
$
5,482,758.28 N/A
N/A
N/A
Class PT2-II-20A
(6)
$
5,232,119.84 Class PT2-II-IO-20
N/A
N/A
Class PT2-II-20B
(7)
$
5,232,119.84 N/A
N/A
N/A
Class PT2-II-21A
(6)
$
4,991,074.09 Class PT2-II-IO-21
N/A
N/A
Class PT2-II-21B
(7)
$
4,991,074.09 N/A
N/A
N/A
Class PT2-II-22A
(6)
$
4,893,835.14 Class PT2-II-IO-22
N/A
N/A
Class PT2-II-22B
(7)
$
4,893,835.14 N/A
N/A
N/A
Class PT2-II-23A
(6)
$
7,709,643.53 Class PT2-II-IO-23
N/A
N/A
Class PT2-II-23B
(7)
$
7,709,643.53 N/A
N/A
N/A
Class PT2-II-24A
(6)
$
9,544,526.02 Class PT2-II-IO-24
N/A
N/A
Class PT2-II-24B
(7)
$
9,544,526.02 N/A
N/A
N/A
Class PT2-II-25A
(6)
$
8,891,817.68 Class PT2-II-IO-25
N/A
N/A
Class PT2-II-25B
(7)
$
8,891,817.68 N/A
N/A
N/A
Class PT2-II-26A
(6)
$
6,030,354.83 Class PT2-II-IO-26
N/A
N/A
Class PT2-II-26B
(7)
$
6,030,354.83 N/A
N/A
N/A
Class PT2-II-27A
(6)
$
3,903,318.77 Class PT2-II-IO-27
N/A
N/A
Class PT2-II-27B
(7)
$
3,903,318.77 N/A
N/A
N/A
Class PT2-II-28A
(6)
$
3,265,068.07 Class PT2-II-IO-28
N/A
N/A
Class PT2-II-28B
(7)
$
3,265,068.07 N/A
N/A
N/A
Class PT2-II-29A
(6)
$
3,089,993.20 Class PT2-II-IO-29
N/A
N/A
Class PT2-II-29B
(7)
$
3,089,993.20 N/A
N/A
N/A
Class PT2-II-30A
(6)
$
2,924,718.95 Class PT2-II-IO-30
N/A
N/A
Class PT2-II-30B
(7)
$
2,924,718.95 N/A
N/A
N/A
Class PT2-II-31A
(6)
$
758,826.29
Class PT2-II-IO-31 N/A
N/A
Class PT2-II-31B
(7)
$
758,826.29
N/A
N/A
N/A
Class PT2-II-32A
(6)
$
1,449,820.97 Class PT2-II-IO-32
N/A
N/A
Class PT2-II-32B
(7)
$
1,449,820.97 N/A
N/A
N/A
Class PT2-II-33A
(6)
$
2,358,047.07 Class PT2-II-IO-33
N/A
N/A
Class PT2-II-33B
(7)
$
2,358,047.07 N/A
N/A
N/A
Class PT2-II-34A
(6)
$
2,233,104.43 Class PT2-II-IO-34
N/A
N/A
Class PT2-II-34B
(7)
$
2,233,104.43 N/A
N/A
N/A
Class PT2-II-35A
(6)
$
2,114,943.20 Class PT2-II-IO-35
N/A
N/A
Class PT2-II-35B
(7)
$
2,114,943.20 N/A
N/A
N/A
Class PT2-II-36A
(6)
$
2,003,315.12 Class PT2-II-IO-36
N/A
N/A
Class PT2-II-36B
(7)
$
2,003,315.12 N/A
N/A
N/A
Class PT2-II-37A
(6)
$
1,897,876.50 Class PT2-II-IO-37
N/A
N/A
Class PT2-II-37B
(7)
$
1,897,876.50 N/A
N/A
N/A
Class PT2-II-38A
(6)
$
1,798,260.79 Class PT2-II-IO-38
N/A
N/A
Class PT2-II-38B
(7)
$
1,798,260.79 N/A
N/A
N/A
Class PT2-II-39A
(6)
$
1,704,096.91 Class PT2-II-IO-39
N/A
N/A
Class PT2-II-39B
(7)
$
1,704,096.91 N/A
N/A
N/A
Class PT2-II-40A
(6)
$
1,615,076.04 Class PT2-II-IO-40
N/A
N/A
Class PT2-II-40B
(7)
$
1,615,076.04 N/A
N/A
N/A
Class PT2-II-41A
(6)
$
1,530,895.99 Class PT2-II-IO-41
N/A
N/A
Class PT2-II-41B
(7)
$
1,530,895.99 N/A
N/A
N/A
Class PT2-II-42A
(6)
$
1,451,307.23 Class PT2-II-IO-42
N/A
N/A
Class PT2-II-42B
(7)
$
1,451,307.23 N/A
N/A
N/A
Class PT2-II-43A
(6)
$
1,376,044.03 Class PT2-II-IO-43
N/A
N/A
Class PT2-II-43B
(7)
$
1,376,044.03 N/A
N/A
N/A
Class PT2-II-44A
(6)
$
1,304,861.51 Class PT2-II-IO-44
N/A
N/A
Class PT2-II-44B
(7)
$
1,304,861.51 N/A
N/A
N/A
Class PT2-II-45A
(6)
$
1,237,529.51 Class PT2-II-IO-45
N/A
N/A
Class PT2-II-45B
(7)
$
1,237,529.51 N/A
N/A
N/A
Class PT2-II-46A
(6)
$
1,173,832.32 Class PT2-II-IO-46
N/A
N/A
Class PT2-II-46B
(7)
$
1,173,832.32 N/A
N/A
N/A
Class PT2-II-47A
(6)
$
1,113,566.63 Class PT2-II-IO-47
N/A
N/A
Class PT2-II-47B
(7)
$
1,113,566.63 N/A
N/A
N/A
Class PT2-II-48A
(6)
$
1,092,556.71 Class PT2-II-IO-48
N/A
N/A
Class PT2-II-48B
(7)
$
1,092,556.71 N/A
N/A
N/A
Class PT2-II-49A
(6)
$
1,055,341.35 Class PT2-II-IO-49
N/A
N/A
Class PT2-II-49B
(7)
$
1,055,341.35 N/A
N/A
N/A
Class PT2-II-50A
(6)
$
1,001,575.45 Class PT2-II-IO-50
N/A
N/A
Class PT2-II-50B
(7)
$
1,001,575.45 N/A
N/A
N/A
Class PT2-II-51A
(6)
$
950,681.51
Class PT2-II-IO-51 N/A
N/A
Class PT2-II-51B
(7)
$
950,681.51
N/A
N/A
N/A
Class PT2-II-52A
(6)
$
902,500.18
Class PT2-II-IO-52 N/A
N/A
Class PT2-II-52B
(7)
$
902,500.18
N/A
N/A
N/A
Class PT2-II-53A
(6)
$
856,881.20
Class PT2-II-IO-53 N/A
N/A
Class PT2-II-53B
(7)
$
856,881.20
N/A
N/A
N/A
Class PT2-II-54A
(6)
$
813,682.85
Class PT2-II-IO-54 N/A
N/A
Class PT2-II-54B
(7)
$
813,682.85
N/A
N/A
N/A
Class PT2-II-55A
(6)
$
772,771.52
Class PT2-II-IO-55 N/A
N/A
Class PT2-II-55B
(7)
$
772,771.52
N/A
N/A
N/A
Class PT2-II-56A
(6)
$
734,021.16
Class
PT2-II-IO-56 N/A
N/A
Class PT2-II-56B
(7)
$
734,021.16
N/A
N/A
N/A
Class PT2-II-57A
(6)
$
697,313.88
Class PT2-II-IO-57 N/A
N/A
Class PT2-II-57B
(7)
$
697,313.88
N/A
N/A
N/A
Class PT2-II-58A
(6)
$
662,583.48
Class PT2-II-IO-58 N/A
N/A
Class PT2-II-58B
(7)
$
662,583.48
N/A
N/A
N/A
Class PT2-II-59A
(6)
$
629,719.24
Class PT2-II-IO-59 N/A
N/A
Class PT2-II-59B
(7)
$
629,719.24
N/A
N/A
N/A
Class PT2-II-60A
(6)
$
598,681.43
Class PT2-II-IO-60 N/A
N/A
Class PT2-II-60B
(7)
$
598,681.43
N/A
N/A
N/A
Class PT2-II-61A
(6)
$
11,036,906.17 Class PT2-II-IO-61
N/A
N/A
Class PT2-II-61B
(7)
$
11,036,906.17 N/A
N/A
N/A
Class PT2-II-IO-2
(4)
(4)
N/A
Class PT1-II-2A November 2006
Class PT2-II-IO-3
(4)
(4)
N/A
Class PT1-II-3A December 2006
Class PT2-II-IO-4
(4)
(4)
N/A
Class PT1-II-4A January 2007
Class PT2-II-IO-5
(4)
(4)
N/A
Class PT1-II-5A February 2007
Class PT2-II-IO-6
(4)
(4)
N/A
Class PT1-II-6A March 2007
Class PT2-II-IO-7
(4)
(4)
N/A
Class PT1-II-7A April 2007
Class PT2-II-IO-8
(4)
(4)
N/A
Class PT1-II-8A May 2007
Class PT2-II-IO-9
(4)
(4)
N/A
Class PT1-II-9A June 2007
Class PT2-II-IO-10
(4)
(4)
N/A
Class PT1-II-10A
July 2007
Class PT2-II-IO-11
(4)
(4)
N/A
Class PT1-II-11A
August 2007
Class PT2-II-IO-12
(4)
(4)
N/A
Class PT1-II-12A
September 2007
Class PT2-II-IO-13
(4)
(4)
N/A
Class PT1-II-13A
October 2007
Class PT2-II-IO-14
(4)
(4)
N/A
Class PT1-II-14A
November 2007
Class PT2-II-IO-15
(4)
(4)
N/A
Class PT1-II-15A
December 2007
Class PT2-II-IO-16
(4)
(4)
N/A
Class PT1-II-16A
January 2008
Class PT2-II-IO-17
(4)
(4)
N/A
Class PT1-II-17A
February 2008
Class PT2-II-IO-18
(4)
(4)
N/A
Class PT1-II-18A
March 2008
Class PT2-II-IO-19
(4)
(4)
N/A
Class
PT1-II-19A April
2008
Class PT2-II-IO-20
(4)
(4)
N/A
Class PT1-II-20A
May 2008
Class PT2-II-IO-21
(4)
(4)
N/A
Class PT1-II-21A
June 2008
Class PT2-II-IO-22
(4)
(4)
N/A
Class PT1-II-22A
July 2008
Class PT2-II-IO-23
(4)
(4)
N/A
Class PT1-II-23A
August 2008
Class PT2-II-IO-24
(4)
(4)
N/A
Class PT1-II-24A
September 2008
Class PT2-II-IO-25
(4)
(4)
N/A
Class PT1-II-25A
October 2008
Class PT2-II-IO-26
(4)
(4)
N/A
Class PT1-II-26A
November 2008
Class PT2-II-IO-27
(4)
(4)
N/A
Class PT1-II-27A
December 2008
Class PT2-II-IO-28
(4)
(4)
N/A
Class PT1-II-28A
January 2009
Class PT2-II-IO-29
(4)
(4)
N/A
Class PT1-II-29A
February 2009
Class PT2-II-IO-30
(4)
(4)
N/A
Class PT1-II-30A
March 2009
Class PT2-II-IO-31
(4)
(4)
N/A
Class PT1-II-31A
April 2009
Class PT2-II-IO-32
(4)
(4)
N/A
Class PT1-II-32A
May 2009
Class PT2-II-IO-33
(4)
(4)
N/A
Class PT1-II-33A
June 2009
Class PT2-II-IO-34
(4)
(4)
N/A
Class PT1-II-34A
July 2009
Class PT2-II-IO-35
(4)
(4)
N/A
Class PT1-II-35A
August 2009
Class PT2-II-IO-36
(4)
(4)
N/A
Class PT1-II-36A
September 2009
Class PT2-II-IO-37
(4)
(4)
N/A
Class PT1-II-37A
October 2009
Class PT2-II-IO-38
(4)
(4)
N/A
Class PT1-II-38A
November 2009
Class PT2-II-IO-39
(4)
(4)
N/A
Class PT1-II-39A
December 2009
Class PT2-II-IO-40
(4)
(4)
N/A
Class PT1-II-40A
January 1, 2010
Class PT2-II-IO-41
(4)
(4)
N/A
Class PT1-II-41A
February 1, 2010
Class PT2-II-IO-42
(4)
(4)
N/A
Class PT1-II-42A
March 1, 2010
Class PT2-II-IO-43
(4)
(4)
N/A
Class PT1-II-43A
April 1, 2010
Class PT2-II-IO-44
(4)
(4)
N/A
Class PT1-II-44A
May 1, 2010
Class PT2-II-IO-45
(4)
(4)
N/A
Class PT1-II-45A
June 1, 2010
Class PT2-II-IO-46
(4)
(4)
N/A
Class PT1-II-46A
July 1, 2010
Class PT2-II-IO-47
(4)
(4)
N/A
Class PT1-II-47A
August 1, 2010
Class PT2-II-IO-48
(4)
(4)
N/A
Class PT1-II-48A
September 1, 2010
Class PT2-II-IO-49
(4)
(4)
N/A
Class PT1-II-49A
October 1, 2010
Class PT2-II-IO-50
(4)
(4)
N/A
Class PT1-II-50A
November 1, 2010
Class PT2-II-IO-51
(4)
(4)
N/A
Class PT1-II-51A
December 1, 2010
Class PT2-II-IO-52
(4)
(4)
N/A
Class PT1-II-52A
January 1, 2011
Class PT2-II-IO-53
(4)
(4)
N/A
Class PT1-II-53A
February 1, 2011
Class PT2-II-IO-54
(4)
(4)
N/A
Class PT1-II-54A
March 1, 2011
Class PT2-II-IO-55
(4)
(4)
N/A
Class PT1-II-55A
April 1, 2011
Class PT2-II-IO-56
(4)
(4)
N/A
Class PT1-II-56A
May 1, 2011
Class PT2-II-IO-57
(4)
(4)
N/A
Class PT1-II-57A
June 1, 2011
Class PT2-II-IO-58
(4)
(4)
N/A
Class PT1-II-58A
July 1, 2011
Class PT2-II-IO-59
(4)
(4)
N/A
Class PT1-II-59A
August 1, 2011
Class PT2-II-IO-60
(4)
(4)
N/A
Class PT1-II-60A
September 1, 2011
Class PT2-II-IO-61
(4)
(4)
N/A
Class PT1-II-61A
October 1, 2011
Class PT2-R
(8)
$
50.00 N/A
N/A
N/A
</TABLE>
------------------------------
(1)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-2 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-2 Interest Rate") equal to
the
Pooling-Tier REMIC-1 Loan Group I WAC Rate.
(2)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-2 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-2 Interest Rate") equal to
the
weighted average of the Pooling-Tier REMIC-1 Interest Rates on
the
Pooling-Tier REMIC-1 Regular Interests relating to Loan Group I
and
having an "A" in their class designation, provided that, on
each
Distribution Date on which interest is distributable on the
Corresponding Pooling-Tier REMIC-2 IO Interest, this
Pooling-Tier
REMIC-2 Regular Interest shall bear interest at a per annum rate
equal
to Swap LIBOR subject to a maximum rate equal to the weighted
average of
the Pooling-Tier REMIC-1 Interest Rates on the Pooling-Tier
REMIC-1
Regular Interests relating to Loan Group I and having an "A" in
their
class designation.
(3)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-2 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-2 Interest Rate") equal to
the
weighted average of the Pooling-Tier REMIC-1 Interest Rates on
the
Pooling-Tier REMIC-1 Regular Interests relating to Loan Group I
and
having a "B" in their class designation.
(4)
Each Pooling-Tier REMIC-2 IO is an interest-only interest and does
not
have a principal balance but has a notional balance
("Pooling-Tier
REMIC-2 IO Notional Balance") equal to the Pooling-Tier REMIC-2
Principal Amount of the Corresponding Pooling-Tier REMIC-1
Regular
Interest. From the Closing Date through and including the
Corresponding
Actual Crossover Distribution Date, each Pooling-Tier REMIC-2
IO
Interest shall be entitled to receive interest that accrues on
the
Corresponding Pooling-Tier REMIC-1 Regular Interest at a rate equal
to
the excess, if any, of (i) the Pooling-Tier REMIC-1 Interest Rate
for
the Corresponding Pooling-Tier REMIC-1 Regular Interest over (ii)
Swap
LIBOR. After the Corresponding Actual Crossover Distribution Date,
the
Pooling-Tier REMIC-2 IO Interest shall not accrue interest.
(5)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-2 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-2 Interest Rate") equal to
the
Pooling-Tier REMIC-1 Loan Group II WAC Rate.
(6)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-2 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-2 Interest Rate") equal to
the
weighted average of the Pooling-Tier REMIC-1 Interest Rates on
the
Pooling-Tier REMIC-1 Regular Interests relating to Loan Group II
and
having an "A" in their class designation, provided that, on
each
Distribution Date on which interest is distributable on the
Corresponding Pooling-Tier REMIC-2 IO Interest, this
Pooling-Tier
REMIC-2 Regular Interest shall bear interest at a per annum rate
equal
to Swap LIBOR subject to a maximum rate equal to the weighted
average of
the Pooling-Tier REMIC-1 Interest Rates on the Pooling-Tier
REMIC-1
Regular Interests relating to Loan Group II and having an "A" in
their
class designation.
(7)
For any Distribution Date (and the related Interest Accrual
Period),
this Pooling-Tier REMIC-2 Regular Interest shall bear interest at a
per
annum rate (its "Pooling-Tier REMIC-2 Interest Rate") equal to
the
weighted average of the Pooling-Tier REMIC-1 Interest Rates on
the
Pooling-Tier REMIC-1 Regular Interests relating to Loan Group II
and
having a "B" in their class designation.
(8) The Class PT2-R
Interest shall not bear interest.
On each Distribution Date, the interest distributable in
respect
of the Mortgage Loans for such Distribution Date shall be
distributed to the
Pooling-Tier REMIC-2 Regular Interests at the Pooling-Tier REMIC-2
Interest
Rates shown above.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group I Mortgage Loans
shall be
allocated to the Class R Certificates in respect of the Class PT2-R
Interest
pursuant to Section 4.02(a)(iii) until its Class Certificate
Balance is reduced
to zero, then to the outstanding Pooling-Tier REMIC-2 Regular
Interests (other
than the Pooling-Tier REMIC-2 IO Interests) relating to Loan Group
I with the
lowest numerical denomination until the Pooling-Tier REMIC-2
Principal Amount of
such interest is reduced to zero, provided that, for Pooling-Tier
REMIC-2
Regular Interests relating to Loan Group I with the same numerical
denomination,
such Realized Losses and payments of principal shall be allocated
pro rata
between such Pooling-Tier REMIC-2 Regular Interests, until the
Pooling-Tier
REMIC-2 Principal Amount of such interest is reduced to zero.
On each Distribution Date, Realized Losses, Subsequent
Recoveries
and payments of principal in respect of the Group II Mortgage Loans
shall be
allocated to the outstanding Pooling-Tier REMIC-2 Regular Interests
(other than
the Pooling-Tier REMIC-2 IO Interests) relating to Loan Group II
with the lowest
numerical denomination until the Pooling-Tier REMIC-2 Principal
Amount of such
interest is reduced to zero, provided that, for Pooling-Tier
REMIC-2 Regular
Interests relating to Loan Group II with the same numerical
denomination, such
Realized Losses and payments of principal shall be allocated pro
rata between
such Pooling-Tier REMIC-2 Regular Interests, until the Pooling-Tier
REMIC-2
Principal Amount of such interest is reduced to zero.
Lower-Tier REMIC
The Lower-Tier REMIC shall issue the following interests, and
each such interest, other than the Class LT-R Interest, is hereby
designated as
a regular interest in the Lower-Tier REMIC. The Class LT-R Interest
is hereby
designated as the sole class of residual interest in the Lower-Tier
REMIC and
shall be represented by the Class R Certificates.
<TABLE>
<CAPTION>
Corresponding
Lower-Tier
Lower-Tier
Initial Lower-Tier
Upper-Tier REMIC
Regular Interest
Interest Rate
Principal Amount
Regular Interest
------------------- -------------
---------------------------------- ----------------
<S>
<C>
<C>
<C>
Class LT-A-1
(1)
1/2 initial Class Certificate
A-1
Balance of
Corresponding
Upper-Tier REMIC Regular Interest
Class LT-A-2A
(1)
1/2 initial Class Certificate
A-2A
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-A-2B
(1)
1/2 initial Class Certificate
A-2B
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-A-2C
(1)
1/2 initial Class Certificate
A-2C
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-A-2D
(1)
1/2 initial Class Certificate
A-2D
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-1
(1)
1/2 initial Class Certificate
M-1
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-2
(1) 1/2
initial Class Certificate
M-2
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-3
(1)
1/2 initial Class Certificate
M-3
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-4
(1)
1/2 initial Class Certificate
M-4
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-5
(1)
1/2 initial Class Certificate
M-5
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-6
(1)
1/2 initial Class Certificate
M-6
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-7
(1)
1/2 initial Class Certificate
M-7
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-8
(1)
1/2 initial Class Certificate
M-8
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-M-9
(1)
1/2 initial Class Certificate
M-9
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-B-1
(1)
1/2 initial Class Certificate
B-1
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-B-2
(1)
1/2 initial Class Certificate
B-2
Balance of Corresponding
Upper-Tier REMIC Regular Interest
Class LT-Accrual
(1)
1/2 Pool Principal Balance plus 1/2
N/A
Overcollateralized Amount, less
the Initial Lower-Tier Principal
Amounts of the Class LT-Group I,
Class LT-Group II and Class LT-3
Interests, less $50
Class LT-Group I
(2)
0.001% aggregate Stated Principal
N/A
Balance of Group I Mortgage
Loans(4)
Class LT-Group II
(3)
0.001% aggregate Stated Principal
N/A
Balance of Group II Mortgage
Loans(4)
Class LT-IO
(5)
(5)
N/A
Class LT-3
(6)
$50.00
Class LT-R
(7)
(7)
N/A
</TABLE>
------------------
(1)
The interest rate with respect to any Distribution Date for
these
interests is a per annum variable rate equal to the weighted
average of
the Pooling-Tier REMIC-2 Interest Rates of the Pooling-Tier
REMIC-2
Regular Interests
(other than the Pooling-Tier REMIC-2 IO Interests).
(2)
The interest rate with respect to any Distribution Date for the
Class
LT-Group I Interest is a per annum variable rate (expressed as
a
percentage rounded to eight decimal places) equal to the
weighted
average of the Pooling-Tier REMIC-2 Interest Rates of the
Pooling-Tier
REMIC-2 Regular Interests (other than the Pooling Tier REMIC-2
IO
Interests) relating to Loan Group I.
(3)
The interest rate with respect to any Distribution Date for the
Class
LT-Group II Interest is a per annum variable rate (expressed as
a
percentage rounded to eight decimal places) equal to the
weighted
average of the Pooling-Tier REMIC-2 Interest Rates of the
Pooling-Tier
REMIC-2 Regular Interests (other than the Pooling Tier REMIC-2
IO
Interests) relating to Loan Group II.
(4)
For all Distribution Dates, the Lower-Tier Principal Amount of
these
Lower-Tier Regular Interests shall be rounded to eight decimal
places.
(5)
This Lower-Tier Regular Interest is an interest-only interest and
does
not have a Lower-Tier Principal Amount. On each Distribution Date,
this
Lower-Tier Regular Interest shall be entitled to receive all
interest
distributable on the Pooling-Tier REMIC-2 IO Interests.
(6)
This Lower-Tier Regular Interest shall not be entitled to interest
and
shall have a Lower-Tier Principal Amount at all times equal to the
Class
Certificate Balance of the Class RX Certificates.
(7)
The Class LT-R Interest does not have a principal amount or an
interest
rate.
Each Lower-Tier Regular Interest is hereby designated as a
regular interest in the Lower-Tier REMIC. The Class LT-A-1, Class
LT-A-2A, Class
LT-A-2B, Class LT-A-2C, Class LT-A-2D, Class LT-M-1, Class LT-M-2,
Class LT-M-3,
Class LT-M-4, Class LT-M-5, Class LT-M-6, Class LT-M-7, Class
LT-M-8, Class
LT-M-9, Class LT-B-1 and Class LT-B-2 Interests are hereby
designated the
LT-Accretion Directed Classes (the "LT-Accretion Directed
Classes").
On each Distribution Date, 50% of the increase in the
Overcollateralized Amount shall be payable as a reduction of the
Lower-Tier
Principal Amount of the LT-Accretion Directed Classes (each such
Class will be
reduced by an amount equal to 50% of any increase in the
Overcollateralized
Amount that is attributable to a reduction in the Class Certificate
Balance of
its Corresponding Class) and shall be accrued and added to the
Lower-Tier
Principal Amount of the Class LT-Accrual Interest. On each
Distribution Date,
the increase in the Lower-Tier Principal Amount of the Class
LT-Accrual Interest
shall not exceed interest accruals for such Distribution Date for
the Class
LT-Accrual Interest. In the event that: (i) 50% of the increase in
the
Overcollateralized Amount exceeds (ii) interest accruals on the
Class LT-Accrual
Interest for such Distribution Date, the excess for such
Distribution Date
(accumulated with all such excesses for all prior Distribution
Dates) will be
added to any increase in the Overcollateralized Amount for purposes
of
determining the amount of interest accrual on the Class LT-Accrual
Interest
payable as principal on the LT-Accretion Directed Classes on the
next
Distribution Date pursuant to the first sentence of this paragraph.
All payments
of scheduled principal and prepayments of principal generated by
the Mortgage
Loans and all Subsequent Recoveries allocable to principal shall be
allocated
(i) 50% to the Class LT-Accrual Interest, the Class LT-Group I
Interest and
Class LT-Group II Interest (and further allocated among these
Lower-Tier Regular
Interests in the manner described below) and (ii) 50% to the
LT-Accretion
Directed Classes (such principal payments and Subsequent Recoveries
shall be
allocated among such LT-Accretion Directed Classes in an amount
equal to 50% of
the principal amounts and Subsequent Recoveries allocated to their
respective
Corresponding Classes), until paid in full. Notwithstanding the
above, principal
payments allocated to the Class X Interest that result in the
reduction in the
Overcollateralized Amount shall be allocated to the Class
LT-Accrual Interest
(until paid in full). Realized Losses shall be applied so that
after all
distributions have been made on each Distribution Date (i) the
Lower-Tier
Principal Amount of each of the LT-Accretion Directed Classes is
equal to 50% of
the Class Certificate Balance of their Corresponding Class, and
(ii) the Class
LT-Accrual Interest, the Class LT-Group I and the Class LT-Group II
Interest
(and further allocated among these Lower-Tier Regular Interests in
the manner
described below) is equal to 50% of the aggregate Stated Principal
Balance of
the Mortgage Loans plus 50% of the Overcollateralized Amount. Any
increase in
the Class Certificate Balance of a Class of LIBOR Certificates as a
result of a
Subsequent Recovery shall increase the Lower-Tier Principal Amount
of the
Corresponding Lower-Tier Regular Interest by 50% of such increase,
and the
remaining 50% of such increase shall increase the Lower-Tier
Principal Amount of
the Class LT-Accrual Interest. As among the Class LT-Accrual
Interest, the Class
LT-Group I Interest and the Class LT-Group II Interest, all
payments of
scheduled principal and prepayments of principal generated by the
Mortgage
Loans, all Subsequent Recoveries and all Realized Losses, allocable
to such
Lower-Tier Regular Interests shall be allocated (i) to the Class
LT-Group I
Interest and the Class LT-Group II Interest, each from the related
Loan Group so
that their respective Lower-Tier Principal Amounts (computed to at
least eight
decimal places) are equal to 0.001% of the aggregate Stated
Principal Balance of
the Mortgage Loans in the related Loan Group and (ii) the remainder
to the Class
LT-Accrual Interest.
Upper-Tier REMIC
The Upper-Tier REMIC shall issue the following interests, and
each such interest, other than the Class UT-R Interest, is hereby
designated as
a regular interest in the Upper-Tier REMIC. The Class UT-R Interest
is hereby
designated as the sole class of residual interests in the
Upper-Tier REMIC and
shall be represented by the Class R Certificates.
Upper-Tier REMIC Upper-Tier
Initial
Principal
Corresponding Class
Interest
Interest Rate Upper-Tier
Amount of
Certificates
---------------- -------------
-----------------
---------------
Class A-1
(1)
$ 333,098,000
Class A-1
Class A-2A
(2)
$ 184,027,000
Class A-2A
Class A-2B
(2)
$ 46,214,000
Class A-2B
Class A-2C
(2)
$ 73,637,000
Class A-2C
Class A-2D
(2)
$ 43,787,000
Class A-2D
Class M-1
(3)
$ 34,900,000
Class M-1
Class M-2
(3)
$ 39,317,000
Class M-2
Class M-3
(3)
$ 13,695,000
Class M-3
Class M-4
(3)
$ 16,787,000
Class M-4
Class M-5
(3)
$ 16,345,000
Class M-5
Class M-6
(3)
$ 10,161,000
Class M-6
Class M-7
(3)
$ 10,602,000
Class M-7
Class M-8
(3)
$ 7,069,000
Class M-8
Class M-9
(3)
$ 11,486,000
Class M-9
Class B-1
(3)
$ 11,927,000
Class B-1
Class B-2
(3)
$ 11,928,000
Class B-2
Class UT-IO
(4)
(4)
N/A
Class UT-X
(5)
(5)
N/A
Class UT-3
(6)
$50
N/A
Class UT-R
(7)
(7)
Class R
-----------------
(1)
For any Distribution Date (and the related Interest Accrual
Period),
this interest shall bear interest at the least of (i) the
Pass-Through
Rate (determined without regard to the Loan Group I Cap or WAC Cap)
for
the Corresponding Class of Certificates, (ii) the Lower-Tier
Interest
Rate for the Class LT-Group I Interest (the "Upper-Tier REMIC Loan
Group
I Rate") and (iii) the Upper-Tier REMIC WAC Rate.
(2)
For any Distribution Date (and the related Interest Accrual
Period),
this interest shall bear interest at the least of (i) the
Pass-Through
Rate (determined without regard to the Loan Group II Cap or WAC
Cap) for
the Corresponding Class of Certificates, (ii) the Lower-Tier
Interest
Rate for the Class LT-Group II Interest (the "Upper-Tier REMIC
Loan
Group II Rate") and (iii) the Upper-Tier REMIC WAC Rate.
(3)
For any Distribution Date (and the related Interest Accrual
Period),
this interest shall bear interest at the lesser of (i) the
Pass-Through
Rate (determined without regard to the applicable WAC Cap) for
the
Corresponding Class of Certificates and (ii) the Upper-Tier REMIC
WAC
Rate.
(4)
This interest is an interest-only interest and does not have a
principal
balance. On each Distribution Date, the Class UT-IO Interest shall
be
entitled to receive all interest distributable on the Class
LT-IO
Interest.
(5)
The Class UT-X Interest has an initial principal balance of
$18,554,774
but will not accrue interest on such balance but will accrue
interest on
a notional principal balance. As of any Distribution Date, the
Class
UT-X Interest shall have a notional principal balance equal to
the
aggregate of the Lower-Tier Principal Amounts of the Lower-Tier
Regular
Interests (other than the Class LT-IO and Class LT-3 Interests) as
of
the first day of the related Interest Accrual Period. With respect
to
any Interest Accrual Period, the Class UT-X Interest shall bear
interest
at a rate equal to the excess, if any, of the Upper-Tier REMIC WAC
Rate
over the product of (i) 2 and (ii) the weighted average of the
Lower-Tier Interest Rates of the Lower-Tier REMIC Interests (other
than
the Class LT-IO and Class LT-3 Interests), where the Lower-Tier
Interest
Rate on each of the Class LT-Accrual Interest, Class LT-Group I
Interest
and Class LT-Group II Interest is subject to a cap equal to zero
and
each LT-Accretion Directed Class is subject to a cap equal to
the
Upper-Tier Interest Rate on its Corresponding Class of
Upper-Tier
Regular Interest. With respect to any Distribution Date, interest
that
so accrues on the notional principal balance of the Class UT-X
Interest
shall be deferred in an amount equal to any increase in the
Overcollateralized Amount on such Distribution Date. Such
deferred
interest shall not itself bear interest.
(6)
This Upper-Tier Regular Interest shall not be entitled to interest
and
shall have a principal balance equal to the Class Certificate
Balance of
the Class RX Certificates.
(7)
The Class UT-R Interest does not have an interest rate or a
principal
balance.
On each Distribution Date, interest distributable in respect of
the Lower-Tier Interests for such Distribution Date shall be deemed
to be
distributed on the interests in the Upper-Tier REMIC at the rates
shown above,
provided that the Class UT-IO Interest shall be entitled to receive
interest
before any other interest in the Upper-Tier REMIC.
On each Distribution Date, all Realized Losses, Subsequent
Recoveries and all payments of principal shall be allocated to the
Upper-Tier
Interests until the outstanding principal balance of each such
interest equals
the outstanding Class Certificate Balance of the Corresponding
Class of
Certificates as of such Distribution Date.
Class X REMIC
The Class X REMIC shall issue the following classes of
interests.
The Class X Interest and the Class IO Interest shall each represent
a regular
interest in the Class X REMIC and the Class RX Certificates shall
represent the
sole class of residual interest in the Class X REMIC.
Class X REMIC
Class X
REMIC Designation Interest Rate
Principal
Amount
------------------------- -------------
----------------
Class X
Interest
(1)
(1)
Class IO
Interest
(2)
(2)
Class RX
Certificates
(3)
$50.00
--------
(1)
The Class X Interest has an initial principal balance equal to
the
initial principal balance of the Class UT-X Interest and is
entitled to
100% of the interest and principal on the Class UT-X Interest on
each
Distribution Date.
(2)
This interest is an interest-only interest and does not have a
principal
balance. On each Distribution Date the Class IO Interest shall
be
entitled to receive 100% of the interest distributable on the
Class
UT-IO Interest.
(3)
The Class RX Certificates do not have an interest rate.
Certificates
Class Pass-Through Class
Certificate
Class
Designation
Rate
Balance
-----------------
------------------ -------------------
Class
A-1(21)
(1)
$ 333,098,000
Class
A-2A(21)
(2)
$ 184,027,000
Class
A-2B(21)
(3)
$ 46,214,000
Class
A-2C(21)
(4)
$ 73,637,000
Class
A-2D(21)
(5)
$ 43,787,000
Class
M-1(21)
(6)
$ 34,900,000
Class
M-2(21)
(7)
$ 39,317,000
Class
M-3(21)
(8)
$ 13,695,000
Class
M-4(21)
(9)
$ 16,787,000
Class
M-5(21)
(10)
$ 16,345,000
Class
M-6(21)
(11)
$ 10,161,000
Class
M-7(21)
(12)
$ 10,602,000
Class
M-8(21)
(13)
$ 7,069,000
Class
M-9(21)
(14)
$ 11,486,000
Class
B-1(21)
(15)
$ 11,927,000
Class
B-2(21)
(16)
$ 11,928,000
Class X
(17)
0(17)
Class R
(18)
$
50
Class RC
(19)
$
100
Class RX
(20)
$
50
---------
(1)
The Class A-1 Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the least of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin, (2) the Loan Group I
Cap
and (3) the WAC Cap.
(2)
The Class A-2A Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the least of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin, (2) the Loan Group
II Cap
and (3) the WAC Cap.
(3)
The Class A-2B Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the least of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin, (2) the Loan Group
II Cap
and (3) the WAC Cap.
(4)
The Class A-2C Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the least of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin, (2) the Loan Group
II Cap
and (3) the WAC Cap.
(5)
The Class A-2D Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the least of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin, (2) the Loan Group
II Cap
and (3) the WAC Cap.
(6)
The Class M-1 Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus
the applicable Pass-Through Margin and (2) the WAC Cap.
(7)
The Class M-2 Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(8)
The Class M-3 Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(9)
The Class M-4 Certificates will bear interest during each
Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(10) The
Class M-5 Certificates will bear interest during each Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(11) The
Class M-6 Certificates will bear interest during each Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(12) The
Class M-7 Certificates will bear interest during each Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(13) The
Class M-8 Certificates will bear interest during each Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(14) The
Class M-9 Certificates will bear interest during each Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(15) The
Class B-1 Certificates will bear interest during each Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(16) The
Class B-2 Certificates will bear interest during each Interest
Accrual Period at a per annum rate equal to the lesser of (1)
One-Month
LIBOR plus the applicable Pass-Through Margin and (2) the WAC
Cap.
(17) The
Class X Certificates will represent beneficial ownership of (i)
the
Class X Interest, (ii) the Class IO Interest, (iii) the right to
receive
Class IO Shortfalls, (iv) amounts in the Supplemental Interest
Trust,
including the Interest Rate Swap Agreement subject to the
obligation to
pay Net Swap Payments and Swap Termination Payments to the Swap
Provider
and Basis Risk Carry Forward Amounts and, without duplication,
Upper-Tier Carry Forward Amounts and (v) amounts in the Excess
Reserve
Fund Account, subject to the obligation to make payments from the
Excess
Reserve Fund Account in respect of Basis Risk Carry Forward
Amounts. For
federal income tax purposes, the Securities Administrator will
treat a
Class X Certificateholder's obligation to make payments of Basis
Risk
Carry Forward Amounts and, without duplication, Upper-Tier Carry
Forward
Amounts to the LIBOR Certificates from the Excess Reserve Fund
Account
and the Supplemental Interest Trust and, without duplication,
Upper-Tier
Carry-Forward Amounts from the Supplemental Interest Trust as
payments
made pursuant to an interest rate cap contract written by the Class
X
Certificateholders in favor of each Class of LIBOR Certificates.
Such
rights of the Class X Certificateholders and LIBOR
Certificateholders
shall be treated as held in a portion of the Trust Fund that is
treated
as a grantor trust under subpart E, Part I of subchapter J of the
Code.
(18) The
Class R Certificates do not have an interest rate. The Class R
Certificates represent ownership of the Class PT2-R Interest, the
Class
LT-R Interest and the Class UT-R Interest.
(19) The
Class RC Certificates do not have an interest rate. The Class
RC
Certificates represent the residual interest in Pooling-Tier
REMIC-1.
(20) The
Class RX Certificates do not have an interest rate. The Class
RX
Certificates represent the residual interest in the Class X
REMIC.
(21) Each
of these Certificates will represent not only the ownership of
a
regular interest in the Corresponding REMIC but also the right
to
receive payments from the Excess Reserve Fund Account and the
Supplemental Interest Trust. Each of these Certificates will also
be
subject to the obligation to pay Class IO Shortfalls as described
in
Section 8.13. For
federal income tax purposes, any amount distributed on
the LIBOR Certificates on any such Distribution Date in excess of
the
amount distributable on the regular interest in the Upper-Tier
REMIC on
such Distribution Date shall be treated as having been paid from
the
Excess Reserve Fund Account or the Supplemental Interest Trust,
as
applicable, and any amount distributable on such regular interest
on
such Distribution Date in excess of the amount distributable on
the
LIBOR Certificates on such Distribution Date shall be treated as
having
been paid to the Supplemental Interest Trust, all pursuant to, and
as
further provided in, Section 8.13. The Securities Administrator
will
treat a LIBOR Certificateholder's right to receive payments from
the
Excess Reserve Fund Account and the Supplemental Interest Trust
as
payments made pursuant to an interest rate cap contract written by
the
Class X Certificateholders.
The minimum denomination for the LIBOR Certificates will be
$25,000, with integral multiples of $1 in excess thereof except
that one
Certificate in each Class may be issued in a different amount. The
minimum
denomination for (a) the Class R Certificates will be $25,
representing a 50%
Percentage Interest in the related Class, (b) the Class RC
Certificates will be
$25, representing a 25% Percentage Interest in the related Class,
(c) the Class
RX Certificates will be $25, representing a 50% Percentage Interest
in the
related Class, (d) the Class P Certificates will be a 1% Percentage
Interest in
such Class, and (e) the Class X Certificates will be a 1%
Percentage Interest in
such Class.
It is expected that each Class Certificates will receive its
final distribution on or prior to the applicable Final Scheduled
Distribution
Date.
Set forth below are designations of Classes of Certificates to
the categories used herein:
Book-Entry Certificates............ All Classes of Certificates
other than the
Physical Certificates.
Class A Certificates............... Class A-1, Class A-2A, Class
A-2B, Class
A-2C and Class A-2D Certificates.
Class A-2 Certificates............. Class A-2A, Class A-2B, Class
A-2C and Class
A-2D Certificates.
Class B Certificates............... Class B-1 and Class B-2
Certificates.
Class M Certificates............... Class M-1, Class M-2, Class
M-3, Class M-4,
Class M-5, Class M-6, Class M-7, Class M-8
and Class M-9 Certificates.
ERISA-Restricted
Certificates..................... Class B-2, Class R, Class P and
Class X
Certificates; and any Certificate with a
rating below the lowest applicable permitted
rating under the Underwriter's Exemption.
LIBOR Certificates................. Class A, Class M and Class B
Certificates.
Offered Certificates............... All Classes of Certificates
other than the
Private Certificates, the Class P
Certificates and the Class X Certificates.
Physical Certificates.............. Class P, Class X and Residual
Certificates.
Private Certificates............... Class M-7, Class M-8, Class M-9
and Class B
&nb
