The Floating Rate and Inverse Floating Rate Classes will bear interest at per annum rates based
on one-month LIBOR (hereinafter referred to as "LIBOR") as follows:
Class
Interest Rate
Formula(1)
Initial
Interest
Rate(2)
Minimum
Rate
Maximum
Rate
Delay
(in days)
LIBOR
for Minimum
Interest Rate
FA ..................
LIBOR + 0.40%
1.70%
0.40%
8.50%
0
0.00%
PF ..................
LIBOR + 0.30%
1.60%
0.30%
8.00%
0
0.00%
PS ..................
7.70% - LIBOR
6.40%
0.00%
7.70%
0
7.70%
SA ..................
8.10% - LIBOR
6.80%
0.00%
8.10%
0
8.10%
(1) LIBOR will be established on the basis of the BBA LIBOR method, as described
under "Description of the Securities – Interest Distributions – Floating Rate
and Inverse Floating Rate Classes" in this Supplement.
(2) The initial Interest Rate will be in effect during the first Accrual Period; the
Interest Rate will adjust monthly thereafter.
Allocation of Principal:
On each Distribution Date for a Security Group, the following
distributions will be made to the related Securities:
SECURITY GROUP 1
The Group 1 Principal Distribution Amount and the CZ, YZ and ZB Accrual Amounts will
be allocated as follows:
• The CZ Accrual Amount, sequentially, to CW, CV and CZ, in that order, until retired
• The Group 1 Principal Distribution Amount and beginning in step 3 the ZB Accrual
Amount and beginning in step 3.b. the YZ Accrual Amount in the following order of
priority:
1. Sequentially, to DA, DB, DC, CB, CD, CW, CV and CZ, in that order, until reduced
to their Aggregate Scheduled Principal Balance for that Distribution Date
2. Up to the ZB Jump Percentage of the remaining Principal Distribution Amount to
ZB, until its balance has been reduced to $6,875,000
3. To the PAC II Classes, until reduced to their Aggregate Scheduled Principal Balance
for that Distribution Date, concurrently, as follows:
a. 2.2779691905% to YA, until retired
b. 97.7220308095% in the following order of priority:
i. To JA, until reduced to its Scheduled Principal Balance for that Distribu-
tion Date
ii. Concurrently, to JA and YZ, pro rata, based on their then current balances,
until retired
4. To ZB, until its balance has been reduced to $6,875,000
5. To the PAC II Classes, in the manner and order of priority described in Step 3, but
without regard to their Aggregate Scheduled Principal Balances, until retired
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