Classes D, E, F, G, XA and XB will bear interest during the initial Accrual Period at the
following approximate Interest Rates:
Class
Approximate
Initial Interest Rate
D
..................................................................................................................
4.927%
E
..................................................................................................................
5.301%
F
..................................................................................................................
5.191%
G
..................................................................................................................
5.499%
XA ..................................................................................................................
0.502%
XB ..................................................................................................................
1.445%
Allocation of Principal:
On each Distribution Date, a percentage of the Principal Distribu-
tion Amount will be applied to the Trustee Fee, and the remainder of the Principal Distribution
Amount (the "Adjusted Principal Distribution Amount") will be allocated as follows:
1. To A, until retired
2. Concurrently, (a) 43.6804805932% to B and (b) 56.3195194068% to C, until B is
retired
3. Concurrently, (a) 56.3195194068% to C and (b) 43.6804805932% to D, until C and D
are retired
4. To E, until retired
5. Concurrently, to F and G, pro rata, until F and G are retired
Allocation of Prepayment Penalties:
On each Distribution Date, the Trustee will pay 100%
of any Prepayment Penalties that are collected and passed through to the Trust to Class XA.
Notional Classes:
The Notional Classes will not receive distributions of principal but have
Class Notional Balances for convenience in describing their entitlements to interest. The
Class Notional Balance of each Notional Class represents the percentage indicated below of,
and reduces to that extent with, the Class Principal Balances indicated:
Class
Original Class
Notional Balance
Represents
XA ..............
$490,349,090
100% of A, B, C, D, E, F and G (in the aggregate)
(SEQ Classes)
XB ..............
412,125,090
For each Distribution Date from September 2003
through and including the Distribution Date in
August 2004, the aggregate of (a) the First Class A
Notional Contribution and (b) 100% of B, C, D, E, F
and G (in the aggregate)(SEQ Classes);
For each Distribution Date from September 2004
through and including the Distribution Date in
August 2005, the aggregate of (a) the Second Class A
Notional Contribution and (b) 100% of B, C, D, E, F
and G (in the aggregate)(SEQ Classes);
For each Distribution Date from September 2005
through and including the Distribution Date in
August 2006, the aggregate of (a) the First Class B
Notional Contribution, (b) the First Class C Notional
Contribution and (c) 100% of D, E, F and G (in the
aggregate)(SEQ Classes);
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