EXECUTION

    

     

    

      


      STANDARD
        TERMS


      


      TO


      


      MASTER
        SERVICING


      


      AND


      


      TRUST
        AGREEMENT


      


      


      GS
        Mortgage Securities Corp.

      Depositor

      


      


      GreenPoint
        Mortgage Funding Trust 2006-OH1

      Mortgage
        Pass-Through Certificates, Series 2006-OH1

      


      


      December
        2006 Edition

      


      
        
           

        

        
           

          
            

          

        

        
           

        

      

      


      TABLE
        OF CONTENTS

      


      Page

      ARTICLE
        I


       

      DEFINITIONS

      

        
          	
                  Section
                    1.01

                	
                  Definitions

                	
                  1

                


        

      

       

      
        
           

        

        
          ii

          
            

          

        

        
           

        

      

      RECITALS

      


      GS
        Mortgage Securities Corp. (the “Depositor”),
        a
        trustee (together with its successors and assigns, the “Trustee”),
        a
        securities administrator (together with its successors and assigns, the
“Securities
        Administrator”),
        one
        or more custodians (each, together with its successors and assigns, a
“Custodian”
and
        collectively, the “Custodians”),
        and a
        master servicer (together with its successors and assigns, the “Master
        Servicer”)
        identified in the Trust Agreement (as defined below), have entered into the
        Trust Agreement that provides for the issuance of mortgage pass-through
        certificates (the “Certificates”)
        that
        in the aggregate evidence the entire interest in Mortgage Loans or certificates
        or securities evidencing an interest therein and other property conveyed
        to the
        Trust Fund created by such Trust Agreement. These Standard Terms are a part
        of,
        and are incorporated by reference into, the Trust Agreement.

      


      STANDARD
        PROVISIONS

      


      NOW,
        THEREFORE, in consideration of the mutual promises, covenants, representations,
        and warranties made in the Trust Agreement and as hereinafter set forth,
        the
        Depositor, the Trustee, the Securities Administrator, the Custodian(s) and
        the
        Master Servicer agree as follows:

      ARTICLE
        I

       

      DEFINITIONS

       

      Section
        1.01 Definitions.
        Capitalized terms used herein but not defined herein shall have the meanings
        given them in the Servicing Agreement or the Sale Agreement. Whenever used
        in
        the Trust Agreement, the following words and phrases, unless the context
        otherwise requires, shall have the following meanings:

       

      10-K
        Filing Deadline:
        As
        defined in Section 13.04 of the Trust Agreement.

       

      60+
        Day Delinquent Mortgage Loan:
        Each
        Mortgage Loan with respect to which any portion of a Scheduled Payment is,
        as of
        the last day of the prior Due Period, two (2) months or more past due (without
        giving effect to any grace period), each Mortgage Loan in foreclosure, all
        REO
        Property and each Mortgage Loan for which the Mortgagor has filed for
        bankruptcy.

       

      Account:
        Any of
        the Certificate Account or the Excess Reserve Fund Account. Each such Account
        shall be a separate Eligible Account.

       

      Accrued
        Certificate Interest:
        With
        respect to any Class of Certificates and each Distribution Date, the product
        of
        (a) the Pass-Through Rate for such Class, (b) a fraction, the numerator of
        which
        is the number of days in the related Interest Accrual Period and the denominator
        of which is 360 and (c) the applicable Class Principal Balance.

       

      Additional
        Form 10-D Disclosure:
        As
        defined in Section 13.03 of the Trust Agreement.

       

      
        
           

        

        
           

          
            

          

        

        
           

        

      

      Additional
        Form 10-K Disclosure:
        As
        defined in Section 13.04 of the Trust Agreement.

       

      Additional
        Servicer:
        Each
        affiliate of each Servicer that services any of the Mortgage Loans and each
        Person who is not an affiliate of the any Servicer, who services 10% or more
        of
        the Mortgage Loans. For clarification purposes, the Master Servicer and the
        Securities Administrator are Additional Servicers.

       

      Adjusted
        Net Mortgage Interest Rate:
        As to
        each Mortgage Loan and at any time, the per
        annum
        rate
        equal to the related Mortgage Interest Rate less the Expense Fee
        Rate.

       

      Administrative
        Fee Rate:
        Not
        applicable.

       

      Administrative
        Fees:
        Not
        applicable.

       

      Advance:
        Any
        Delinquency Advance or Servicing Advance.

       

      Affiliate:
        With
        respect to any Person, any other Person controlling, controlled by or under
        common control with such first Person. For the purposes of this definition,
        “control” means the power to direct the management and policies of such Person,
        directly or indirectly, whether through the ownership of voting securities,
        by
        contract or otherwise; and the terms “controlling” and “controlled” have
        meanings correlative to the foregoing.

       

      Agreement
        or
Trust
        Agreement:
        The
        Master Servicing and Trust Agreement as supplemented by these Standard Terms,
        and all amendments or supplements thereto and hereto.

       

      Applied
        Realized Loss Amount:
        With
        respect to any Distribution Date, the amount, if any, by which the aggregate
        Class Principal Balance of the Offered Certificates after distributions of
        principal on such Distribution Date exceeds the aggregate Stated Principal
        Balance of the Mortgage Loans for such Distribution Date.

       

      Assignment
        of Mortgage:
        An
        assignment of the Mortgage, notice of transfer or equivalent instrument in
        recordable form (other than the assignee’s name and recording information not
        yet returned from the recording office), reflecting the sale of the Mortgage
        to
        the Trustee.

       

      Assignment
        Agreement:
        A Step
        1 Assignment Agreement or a Step 2 Assignment Agreement.

       

      Auction
        Call:
        As
        defined in Section 9.03(b) of the Trust Agreement. 

       

      
        
           

        

        
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      Available
        Funds:
        With
        respect to any Distribution Date, the sum of the following amounts, to the
        extent received by the Securities Administrator on behalf of the Trustee,
        with
        respect to the Mortgage Loans, net of amounts payable or reimbursable to
        the
        Depositor, the Master Servicer, the Servicers, the Securities Administrator,
        the
        Custodian and the Trustee, if any, payable with respect to such Distribution
        Date: (i) the aggregate amount of scheduled payments on the Mortgage Loans
        due
        on the Due Date in the related Due Period and received by the Servicers on
        or
        prior to the related Determination Date, after deduction of the related
        servicing fees in respect of prior Distribution Dates and the other components
        of the Servicing Fee Rate for that Distribution Date, together with any related
        Delinquency Advances for that Distribution Date; (ii) certain unscheduled
        payments in respect of the Mortgage Loans received by the Servicers during
        the
        related Prepayment Period, including partial or full prepayments, Insurance
        Proceeds, Condemnation Proceeds and net Liquidation Proceeds, excluding
        Prepayment Premiums (in each case, net of unreimbursed expenses incurred
        in
        connection with a liquidation or foreclosure and unreimbursed Advances, if
        any);
        (iii) Compensating Interest payments in respect of Prepayment Interest
        Shortfalls for that Distribution Date; (iv) all amounts received with respect
        to
        such Distribution Date in connection with a purchase or repurchase of a Deleted
        Mortgage Loan (including, with respect to any First Payment Default Mortgage
        Loan, only the First Payment Default Purchase Price); and (v) all proceeds
        received with respect to any Avelo Call or Auction Clean-Up Call in connection
        with any optional clean-up call as provided in Section 11.01 of the Trust
        Agreement.

       

      Available
        Funds Rate:
        For any
        Distribution Date, the per annum rate equal to the product of (x) the Interest
        Remittance Amount plus full and partial prepayment amounts received on the
        Mortgage Loans and (y) a fraction, the numerator of which is 12 and the
        denominator of which is the aggregate Stated Principal Balance of the Mortgage
        Loans as of the Due Date occurring in the month preceding the month of such
        Distribution Date (after giving effect to Principal Prepayments in the
        Prepayment Period related to that prior Due Date) and multiplied by a fraction
        expressed as a percentage, the numerator of which is 30 and the denominator
        of
        which is the actual number of days in the related Interest Accrual Period.
        Holders of a Class of Certificates subject to the Available Funds Rate for
        any
        Distribution Date shall be entitled to receive the resulting Interest
        Carryforward Amount from amounts received from Net Monthly Excess Cash Flow,
        if
        any, in future periods.

       

      Avelo:
        Avelo
        Mortgage, L.L.C., a Delaware limited liability company, and its successors
        in
        interest and assigns.

       

      Avelo
        Call:
        As
        defined in Section 11.01 of the Trust Agreement.

       

      Avelo
        Servicing Agreement:
        The
        Flow Servicing Agreement, dated as of January 1, 2006, between Avelo and
        GSMC, as modified by the related Assignment Agreements. 

       

      Back-Up
        Certification:
        As
        defined in Section 13.06 of the Trust Agreement.

       

      Basic
        Principal Distribution Amount:
        With
        respect to any Distribution Date, the excess of (i) the aggregate Principal
        Remittance Amount for such Distribution Date over (ii) the Excess
        Overcollateralized Amount, if any, for such Distribution Date.

       

      Basis
        Risk Carry Forward Amount:
        With
        respect to each Class of Offered Certificates (other than the Residual
        Certificates), as of any Distribution Date, an amount equal to the amount
        of the
        related Basis Risk Shortfall on that Class on that Distribution Date, plus
        any
        unpaid Basis Risk Shortfall from prior Distribution Dates, plus interest
        thereon
        to the extent not previously paid from Net Monthly Excess Cash Flow, calculated
        at the then applicable Pass-Through Rate for such Class, without giving effect
        to the Net Rate Cap.

       

      
        
           

        

        
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      Basis
        Risk Payment:
        For any
        Distribution Date, an amount equal to the lesser of (i) the aggregate of
        the
        Basis Risk Carry Forward Amounts for such Distribution Date and (ii) the
        Class X
        Distributable Amount (prior to any reduction for Basis Risk
        Payments).

       

      Basis
        Risk Shortfall:
        On any
        Distribution Date when the Pass-Through Rate for any Class of Offered
        Certificates (other than the Residual Certificates) is based upon the Net
        Rate
        Cap, an amount equal to the excess of (i) Accrued Certificate Interest for
        that
        Class calculated at a rate equal to One-Month LIBOR plus the related margin
        (as
        set forth in the Preliminary Statement), over (ii) Accrued Certificate Interest
        for that Class calculated assuming the Net Rate Cap is equal to the Net WAC
        Cap
        Rate.

       

      Book-Entry
        Certificates:
        As
        specified in the Preliminary Statement.

       

      Business
        Day:
        Any day
        other than (i) Saturday or Sunday, or (ii) a day on which banking and savings
        and loan institutions are authorized or obligated by law or executive order
        to
        be closed in (a) the States of New York, California, Maryland and Minnesota,
        (b)
        with respect to a Servicer, the State in which such Servicer’s servicing
        operations are located or (c) the State in which the Corporate Trust Office
        of
        the Securities Administrator and the Trustee are located.

       

      Certificate:
        Any one
        of the Certificates executed by the Securities Administrator in substantially
        the forms attached to the Trust Agreement as exhibits.

       

      Certificate
        Account:
        The
        separate Eligible Account created by the Securities Administrator pursuant
        to
        Section 3.01(b) of the Trust Agreement in the name of the Securities
        Administrator as paying agent for the benefit of the Trustee and the
        Certificateholders and designated “Wells Fargo Bank, N.A., as paying agent, in
        trust for registered Holders of GreenPoint Mortgage Funding Trust 2006-OH1,
        Mortgage Pass-Through Certificates, Series 2006-OH1.” Funds in the Certificate
        Account shall be held in trust for the Certificateholders for the uses and
        purposes set forth in the Trust Agreement. So long as Wells Fargo shall be
        both
        the Master Servicer and the Securities Administrator, the Master Servicer
        Account shall be the same account as, or a sub-account of, the Certificate
        Account, as provided in Section 3.01(b) of the Trust Agreement.

       

      Certificate
        Balance:
        With
        respect to any Class of Offered Certificates, at any date, the maximum dollar
        amount of principal to which the Holder thereof is then entitled hereunder,
        such
        amount being equal to the Denomination thereof minus all distributions of
        principal previously made with respect thereto and in the case of any
        Subordinate Certificates and the Class A-2 and Class A-3 Certificates, reduced
        by any Applied Realized Loss Amounts applicable to such Class of Subordinate
        Certificates, Class A-2 Certificates or Class A-3 Certificates; provided,
        however,
        that
        immediately following the Distribution Date on which a Subsequent Recovery
        is
        distributed, the Class Principal Balances of any Class or Classes of
        Certificates that have been previously reduced by Applied Realized Loss Amounts
        will be increased, in order of seniority, by the amount of the Subsequent
        Recovery distributed on such Distribution Date (up to the amount of Applied
        Realized Loss Amounts allocated to such Class or Classes). The Class X and
        Class
        P Certificates have no Certificate Balance.

       

      
        
           

        

        
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      Certificate
        Owner:
        With
        respect to a Book-Entry Certificate, the Person who is the beneficial owner
        of
        such Book-Entry Certificate.

       

      Certificate
        Rate:
        With
        respect to each Class of Certificates on any Distribution Date, the percentage
        per
        annum
        rate or
        other entitlement to interest described in the Preliminary
        Statement.

       

      Certificate
        Register:
        The
        register maintained pursuant to Section 5.02 of the Trust
        Agreement.

       

      Certificateholder
        or
Holder:
        The
        person in whose name a Certificate is registered in the Certificate Register,
        except that, solely for the purpose of giving any consent pursuant to the
        Trust
        Agreement, any Certificate registered in the name of the Depositor or any
        affiliate of the Depositor shall be deemed not to be Outstanding and the
        Percentage Interest evidenced thereby shall not be taken into account in
        determining whether the requisite amount of Percentage Interests necessary
        to
        effect such consent has been obtained; provided,
        however,
        that if
        any such Person (including the Depositor) owns 100% of the Percentage Interests
        evidenced by a Class of Certificates, such Certificates shall be deemed to
        be
        Outstanding for purposes of any provision of the Trust Agreement that requires
        the consent of the Holders of Certificates of a particular Class as a condition
        to the taking of any action hereunder. The Securities Administrator is entitled
        to rely conclusively on a certification of the Depositor or any affiliate
        of the
        Depositor in determining which Certificates are registered in the name of
        an
        affiliate of the Depositor.

       

      Certification
        Parties:
        As
        defined in Section 13.06 of the Trust Agreement.

       

      Certifying
        Person:
        As
        defined in Section 13.06 of the Trust Agreement.

       

      Class:
        All
        Certificates bearing the same class designation as set forth in the Trust
        Agreement.

       

      Class
        A-1 Certificates:
        All
        Certificates bearing the Class designation of “Class A-1.”

       

      Class
        A-2 Certificates:
        All
        Certificates bearing the Class designation of “Class A-2.”

       

      Class
        A-3 Certificates:
        All
        Certificates bearing the Class designation of “Class A-3.”

       

      Class
        A Certificates:
        The
        Class A-1 Certificates, the Class A-2 Certificates and the Class A-3
        Certificates.

       

      Class
        A Principal Distribution Amount:
        With
        respect to any Distribution Date (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the Principal Distribution Amount for that Distribution Date, or (ii) on
        or
        after the Stepdown Date if a Trigger Event is not in effect for that
        Distribution Date, the lesser of (a) the Principal Distribution Amount for
        that
        Distribution Date and (b) the excess of (1) the aggregate Certificate Balance
        of
        the Class A Certificates immediately prior to such Distribution Date, over
        (2)
        the lesser of (A) the product of (x) 81.750% for any Distribution Date prior
        to
        the Distribution Date in January 2013 or 85.400% for any Distribution Date
        on or
        after the Distribution Date in January 2013 and (y) the aggregate Stated
        Principal Balance of the Mortgage Loans after giving effect to distributions
        to
        be made on that Distribution Date and (B) the aggregate Stated Principal
        Balance
        of the Mortgage Loans after giving effect to distributions to be made on
        that
        Distribution Date, less the Overcollateralization Floor.

       

      
        
           

        

        
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      Class
        IO Shortfalls: As
        defined in Section 8.14. For the avoidance of doubt, the Class IO Shortfall
        for
        any Distribution Date shall equal the amount payable to the Class X Certificates
        in respect of amounts due to the Swap Provider on such Distribution Date
        (other
        than Defaulted Swap Termination Payments) in excess of the amount payable
        on the
        Class X Interest on such Distribution Date, all as further provided in Section
        8.14.

       

      Class
        M Certificates:
        The
        Class M-1, Class M-2, Class M-3, Class M-4, Class M-5, Class M-6, Class M-7
        and
        Class M-8 Certificates.

       

      Class
        M-1 Certificates:
        All
        Certificates bearing the Class designation of “Class M-1.”

       

      Class
        M-1 Principal Distribution Amount:
        With
        respect to any Distribution Date (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount, or (ii) on or
        after
        the Stepdown Date if a Trigger Event is not in effect for that Distribution
        Date, the lesser of (a) the remaining Principal Distribution Amount for that
        Distribution Date after distribution of the Class A Principal Distribution
        Amount and (b) the excess of (1) the sum of (A) the aggregate Certificate
        Balance of the Class A Certificates (after taking into account the payment
        of
        the Class A Principal Distribution Amount) and (B) the Class Principal Balance
        of the Class M-1 Certificates immediately prior to that Distribution Date,
        over
        (2) the lesser of (A) the product of (x) 88.625% for any Distribution Date
        prior
        to the Distribution Date in January 2013 or 90.900% for any Distribution
        Date on
        or after the Distribution Date in January 2013 and (y) the aggregate Stated
        Principal Balance of the Mortgage Loans after giving effect to distributions
        to
        be made on that Distribution Date and (B) the aggregate Stated Principal
        Balance
        of the Mortgage Loans after giving effect to distributions to be made on
        that
        Distribution Date, less the Overcollateralization Floor.

       

      Class
        M-2 Certificates:
        All
        Certificates bearing the Class designation of “Class M-2.”

       

      Class
        M-2 Principal Distribution Amount:
        With
        respect to any Distribution Date, (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount and the Class M-1
        Principal Distribution Amount, or (ii) on or after the Stepdown Date if a
        Trigger Event is not in effect for that Distribution Date, the lesser of
        (a) the
        remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount and the Class M-1
        Principal Distribution Amount and (b) the excess of (1) the sum of (A) the
        aggregate Certificate Balance of the Class A Certificates and the Class M-1
        Certificates (after taking into account the payment of the Class A Principal
        Distribution Amount and the Class M-1 Principal Distribution Amount) and
        (B) the
        Class Principal Balance of the Class M-2 Certificates immediately prior to
        that
        Distribution Date, over (2) the lesser of (A) the product of (x) 90.500%
        for any
        Distribution Date prior to the Distribution Date in January 2013 or 92.400%
        for
        any Distribution Date on or after the Distribution Date in January 2013 and
        (y)
        the aggregate Stated Principal Balance of the Mortgage Loans after giving
        effect
        to distributions to be made on that Distribution Date and (B) the aggregate
        Stated Principal Balance of the Mortgage Loans after giving effect to
        distributions to be made on that Distribution Date, less the
        Overcollateralization Floor.

       

      
        
           

        

        
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      Class
        M-3 Certificates:
        All
        Certificates bearing the Class designation of “Class M-3.”

       

      Class
        M-3 Principal Distribution Amount:
        With
        respect to any Distribution Date, (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount, the Class M-1
        Principal Distribution Amount and the Class M-2 Principal Distribution Amount,
        or (ii) on or after the Stepdown Date if a Trigger Event is not in effect
        for
        that Distribution Date, the lesser of (a) the remaining Principal Distribution
        Amount for that Distribution Date after distribution of the Class A Principal
        Distribution Amount, the Class M-1 Principal Distribution Amount and the
        Class
        M-2 Principal Distribution Amount and (b) the excess of (1) the sum of (A)
        the
        aggregate Certificate Balance of the Class A Certificates and the Class M-1
        and
        Class M-2 Certificates (after taking into account the payment of the Class
        A
        Principal Distribution Amount, the Class M-1 Principal Distribution Amount
        and
        the Class M-2 Principal Distribution Amount) and (B) the Class Principal
        Balance
        of the Class M-3 Certificates immediately prior to that Distribution Date,
        over
        (2) the lesser of (A) the product of (x) 91.875% for any Distribution Date
        prior
        to the Distribution Date in January 2013 or 93.500% for any Distribution
        Date on
        or after the Distribution Date in January 2013 and (y) the aggregate Stated
        Principal Balance of the Mortgage Loans after giving effect to distributions
        to
        be made on that Distribution Date and (B) the aggregate Stated Principal
        Balance
        of the Mortgage Loans after giving effect to distributions to be made on
        that
        Distribution Date, less the Overcollateralization Floor.

       

      Class
        M-4 Certificates:
        All
        Certificates bearing the Class designation of “Class M-4.”

       

      Class
        M-4 Principal Distribution Amount:
        With
        respect to any Distribution Date, (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount, the Class M-1
        Principal Distribution Amount, the Class M-2 Principal Distribution Amount
        and
        the Class M-3 Principal Distribution Amount, or (ii) on or after the Stepdown
        Date if a Trigger Event is not in effect for that Distribution Date, the
        lesser
        of (a) the remaining Principal Distribution Amount for that Distribution
        Date
        after distribution of the Class A Principal Distribution Amount, the Class
        M-1
        Principal Distribution Amount, the Class M-2 Principal Distribution Amount
        and
        the Class M-3 Principal Distribution Amount and (b) the excess of (1) the
        sum of
        (A) the aggregate Certificate Balance of the Class A Certificates and the
        Class
        M-1, Class M-2 and Class M-3 Certificates (after taking into account the
        payment
        of the Class A Principal Distribution Amount, the Class M-1 Principal
        Distribution Amount, the Class M-2 Principal Distribution Amount and the
        Class
        M-3 Principal Distribution Amount) and (B) the Class Principal Balance of
        the
        Class M-4 Certificates immediately prior to that Distribution Date, over
        (2) the
        lesser of (A) the product of (x) 93.250% for any Distribution Date prior
        to the
        Distribution Date in January 2013 or 94.600% for any Distribution Date on
        or
        after the Distribution Date in January 2013 and (y) the aggregate Stated
        Principal Balance of the Mortgage Loans after giving effect to distributions
        to
        be made on that Distribution Date and (B) the aggregate Stated Principal
        Balance
        of the Mortgage Loans after giving effect to distributions to be made on
        that
        Distribution Date, less the Overcollateralization Floor.

       

      
        
           

        

        
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      Class
        M-5 Certificates:
        All
        Certificates bearing the Class designation of “Class M-5.”

       

      Class
        M-5 Principal Distribution Amount:
        With
        respect to any Distribution Date, (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount, the Class M-1
        Principal Distribution Amount, the Class M-2 Principal Distribution Amount,
        the
        Class M-3 Principal Distribution Amount and the Class M-4 Principal Distribution
        Amount, or (ii) on or after the Stepdown Date if a Trigger Event is not in
        effect for that Distribution Date, the lesser of (a) the remaining Principal
        Distribution Amount for that Distribution Date after distribution of the
        Class A
        Principal Distribution Amount, the Class M-1 Principal Distribution Amount,
        the
        Class M-2 Principal Distribution Amount, the Class M-3 Principal Distribution
        Amount and the Class M-4 Principal Distribution Amount and (b) the excess
        of (1)
        the sum of (A) the aggregate Certificate Balance of the Class A Certificates
        and
        the Class M-1, Class M-2, Class M-3 and Class M-4 Certificates (after taking
        into account the payment of the Class A Principal Distribution Amount, the
        Class
        M-1 Principal Distribution Amount, the Class M-2 Principal Distribution Amount,
        the Class M-3 Principal Distribution Amount and the Class M-4 Principal
        Distribution Amount) and (B) the Class Principal Balance of the Class M-5
        Certificates immediately prior to that Distribution Date, over (2) the lesser
        of
        (A) the product of (x) 94.625% for any Distribution Date prior to the
        Distribution Date in January 2013 or 95.700% for any Distribution Date on
        or
        after the Distribution Date in January 2013 and (y) the aggregate Stated
        Principal Balance of the Mortgage Loans after giving effect to distributions
        to
        be made on that Distribution Date and (B) the aggregate Stated Principal
        Balance
        of the Mortgage Loans after giving effect to distributions to be made on
        that
        Distribution Date, less the Overcollateralization Floor.

       

      Class
        M-6 Certificates:
        All
        Certificates bearing the Class designation of “Class M-6.”

       

      
        
           

        

        
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      Class
        M-6 Principal Distribution Amount:
        With
        respect to any Distribution Date, (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount, the Class M-1
        Principal Distribution Amount, the Class M-2 Principal Distribution Amount,
        the
        Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution
        Amount and the Class M-5 Principal Distribution Amount, or (ii) on or after
        the
        Stepdown Date if a Trigger Event is not in effect for that Distribution Date,
        the lesser of (a) the remaining Principal Distribution Amount for that
        Distribution Date after distribution of the Class A Principal Distribution
        Amount, the Class M-1 Principal Distribution Amount, the Class M-2 Principal
        Distribution Amount, the Class M-3 Principal Distribution Amount, the Class
        M-4
        Principal Distribution Amount and the Class M-5 Principal Distribution Amount
        and (b) the excess of (1) the sum of (A) the aggregate Certificate Balance
        of
        the Class A Certificates and the Class M-1, Class M-2, Class M-3, Class M-4
        and
        Class M-5 Certificates (after taking into account the payment of the Class
        A
        Principal Distribution Amount, the Class M-1 Principal Distribution Amount,
        the
        Class M-2 Principal Distribution Amount, the Class M-3 Principal Distribution
        Amount, the Class M-4 Principal Distribution Amount and the Class M-5 Principal
        Distribution Amount) and (B) the Class Principal Balance of the Class M-6
        Certificates immediately prior to that Distribution Date, over (2) the lesser
        of
        (A) the product of (x) 95.875% for any Distribution Date prior to the
        Distribution Date in January 2013 or 95.875% for any Distribution Date on
        or
        after the Distribution Date in January 2013 and (y) the aggregate Stated
        Principal Balance of the Mortgage Loans after giving effect to distributions
        to
        be made on that Distribution Date and (B) the aggregate Stated Principal
        Balance
        of the Mortgage Loans after giving effect to distributions to be made on
        that
        Distribution Date, less the Overcollateralization Floor.

       

      Class
        M-7 Certificates:
        All
        Certificates bearing the Class designation of “Class M-7.”

       

      Class
        M-7 Principal Distribution Amount:
        With
        respect to any Distribution Date, (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount, the Class M-1
        Principal Distribution Amount, the Class M-2 Principal Distribution Amount,
        the
        Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution
        Amount, the Class M-5 Principal Distribution Amount and the Class M-6 Principal
        Distribution Amount, or (ii) on or after the Stepdown Date if a Trigger Event
        is
        not in effect for that Distribution Date, the lesser of (a) the remaining
        Principal Distribution Amount for that Distribution Date after distribution
        of
        the Class A Principal Distribution Amount, the Class M-1 Principal Distribution
        Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal
        Distribution Amount, the Class M-4 Principal Distribution Amount, the Class
        M-5
        Principal Distribution Amount and the Class M-6 Principal Distribution Amount
        and (b) the excess of (1) the sum of (A) the aggregate Certificate Balance
        of
        the Class A Certificates and the Class M-1, Class M-2, Class M-3, Class M-4,
        Class M-5 and Class M-6 Certificates (after taking into account the payment
        of
        the Class A Principal Distribution Amount, the Class M-1 Principal Distribution
        Amount, the Class M-2 Principal Distribution Amount, the Class M-3 Principal
        Distribution Amount, the Class M-4 Principal Distribution Amount, the Class
        M-5
        Principal Distribution Amount and the Class M-6 Principal Distribution Amount)
        and (B) the Class Principal Balance of the Class M-7 Certificates immediately
        prior to that Distribution Date, over (2) the lesser of (A) the product of
        (x)
        97.500% for any Distribution Date prior to the Distribution Date in January
        2013
        or 98.000% for any Distribution Date on or after the Distribution Date in
        January 2013 and (y) the aggregate Stated Principal Balance of the Mortgage
        Loans after giving effect to distributions to be made on that Distribution
        Date
        and (B) the aggregate Stated Principal Balance of the Mortgage Loans after
        giving effect to distributions to be made on that Distribution Date, less
        the
        Overcollateralization Floor.

       

      
        
           

        

        
          9

          
            

          

        

        
           

        

      

      Class
        M-8 Certificates:
        All
        Certificates bearing the Class designation of “Class M-8.”

       

      Class
        M-8 Principal Distribution Amount:
        With
        respect to any Distribution Date, (i) prior to the Stepdown Date or on or
        after
        the Stepdown Date if a Trigger Event is in effect for that Distribution Date,
        the remaining Principal Distribution Amount for that Distribution Date after
        distribution of the Class A Principal Distribution Amount, the Class M-1
        Principal Distribution Amount, the Class M-2 Principal Distribution Amount,
        the
        Class M-3 Principal Distribution Amount, the Class M-4 Principal Distribution
        Amount, the Class M-5 Principal Distribution Amount, the Class M-6 Principal
        Distribution Amount and the Class M-7 Principal Distribution Amount, or (ii)
        on
        or after the Stepdown Date if a Trigger Event is not in effect for that
        Distribution Date, the lesser of (a) the remaining Principal Distribution
        Amount
        for that Distribution Date after distribution of the Class A Principal
        Distribution Amount, the Class M-1 Principal Distribution Amount, the Class
        M-2
        Principal Distribution Amount, the Class M-3 Principal Distribution Amount,
        the
        Class M-4 Principal Distribution Amount, the Class M-5 Principal Distribution
        Amount, the Class M-6 Principal Distribution Amount and the Class M-7 Principal
        Distribution Amount and (b) the excess of (1) the sum of (A) the aggregate
        Certificate Balance of the Class A Certificates and the Class M-1, Class
        M-2,
        Class M-3, Class M-4, Class M-5, Class M-6 and Class M-7 Certificates (after
        taking into account the payment of the Class A Principal Distribution Amount,
        the Class M-1 Principal Distribution Amount, the Class M-2 Principal
        Distribution Amount, the Class M-3 Principal Distribution Amount, the Class
        M-4
        Principal Distribution Amount, the Class M-5 Principal Distribution Amount,
        the
        Class M-6 Principal Distribution Amount and the Class M-7 Principal Distribution
        Amount) and (B) the Class Principal Balance of the Class M-8 Certificates
        immediately prior to that Distribution Date, over (2) the lesser of (A) the
        product of (x) 98.750% for any Distribution Date prior to the Distribution
        Date
        in January 2013 or 99.000% for any Distribution Date on or after the
        Distribution Date in January 2013 and (y) the aggregate Stated Principal
        Balance
        of the Mortgage Loans after giving effect to distributions to be made on
        that
        Distribution Date and (B) the aggregate Stated Principal Balance of the Mortgage
        Loans after giving effect to distributions to be made on that Distribution
        Date,
        less the Overcollateralization Floor.

       

      Class
        P Certificates:
        All
        Certificates bearing the Class designation of “Class P.”

       

      Class
        P Interest:
        The
        Upper-Tier Regular Interest as specified and described in the Preliminary
        Statement and the related footnote thereto.

       

      Class
        P REMIC:
        As
        defined in the Preliminary Statement.

       

      Class
        Principal Balance:
        With
        respect to any Class and as to any date of determination, the aggregate of
        the
        Certificate Balances of all Certificates of such Class as of such date.


       

      Class
        R Certificates:
        All
        Certificates bearing the Class designation of “Class R.”

       

      
        
           

        

        
          10

          
            

          

        

        
           

        

      

      Class
        RC Certificates:
        All
        Certificates bearing the Class designation of “Class RC.”

       

      Class
        RX Certificates:
        All
        Certificates bearing the Class designation of “Class RX.”

       

      Class
        RX REMIC:
        Either
        of the Class X REMIC or the Class P REMIC.

       

      Class
        X Certificates:
        All
        Certificates bearing the Class designation of “Class X.”

       

      Class
        X Distributable Amount:
        On any
        Distribution Date, (i) as a distribution in respect of interest, the amount
        of
        interest that has accrued on the Class X Interest and not applied as an Extra
        Principal Distribution Amount on such Distribution Date, plus any such accrued
        interest remaining undistributed from prior Distribution Dates, plus, without
        duplication, (ii) as a distribution in respect of principal, any portion
        of the
        principal balance of the Class X Interest which is distributable as an
        Overcollateralization Reduction Amount, minus (iii) any amounts paid as a
        Basis
        Risk Payment.

       

      Class
        X Interest:
        The
        Upper-Tier Regular Interest as specified and described in the Preliminary
        Statement and the related footnote thereto.

       

      Class
        X REMIC:
        As
        defined in the Preliminary Statement.

       

      Closing
        Date:
        December 29, 2006.

       

      Code:
        The
        Internal Revenue Code of 1986, including any successor or amendatory
        provisions.

       

      Collection
        Account:
        The
“Custodial Account” as defined in the applicable Servicing
        Agreement.

       

      Combined
        Master Servicing and Securities Administrator Fee:
        The
        investment income earned on amounts held in the Certificate Account during
        the
        Master Servicer Float Period, as provided in Sections and 9.07 and 10.05
        of the
        Trust Agreement.

       

      Commission:
        The
        U.S. Securities and Exchange Commission.

       

      Compensating
        Interest:
        For any
        Distribution Date and any Servicer, an amount equal to the lesser of (A)
        the
        aggregate of the prepayment interest shortfalls on the Mortgage Loans for
        the
        related Distribution Date resulting from voluntary Principal Prepayments
        on the
        Mortgage Loans during the related Prepayment Period and (B) one-half of the
        servicing fee actually received for such month for the Mortgage
        Loans.

       

      Condemnation
        Proceeds:
        All
        awards or settlements in respect of a Mortgaged Property, whether permanent
        or
        temporary, partial or entire, by exercise of the power of eminent domain
        or
        condemnation, to the extent not required to be released to a Mortgagor in
        accordance with the terms of the related Mortgage Loan Documents.

       

      
        
           

        

        
          11

          
            

          

        

        
           

        

      

      Corporate
        Trust Office:
        With
        respect to the Securities Administrator, the principal office of the Securities
        Administrator at 9062 Old Annapolis Road, Columbia, Maryland 21045 and its
        office for Certificate transfer services is located at Sixth Street and
        Marquette Avenue, Minneapolis, Minnesota 55479, Attention: Corporate Trust
        Services, GreenPoint Mortgage Funding Trust 2006-OH1, or at such other address
        as the Securities Administrator may designate from time to time by notice
        to the
        Certificateholders. With respect to the Trustee, the principal office of
        the
        Trustee at 1761 East St. Andrew Place, Santa Ana, California 92705-4934,
        Attention: Trust Administration - GS06OH1, or at such other address as the
        Trustee may designate from time to time by notice to the
        Certificateholders.

       

      Corresponding
        Class:
        The
        Class of interests in one Trust REMIC created under the Trust Agreement that
        corresponds to the Class of interests in the other Trust REMIC or to a Class
        of
        Certificates in the manner set out below:

       

      
        	
                Middle-Tier

                Regular
                  Interest

              	 	
                Upper-Tier

                Regular
                  Interest

              	 	
                Corresponding

                Class
                  of Certificates

              
	
                Class
                  LT2-A1

              	 	
                Class
                  A-1

              	 	
                Class
                  A-1

              
	
                Class
                  LT2-A2

              	 	
                Class
                  A-2

              	 	
                Class
                  A-2

              
	
                Class
                  LT2-A3

              	 	
                Class
                  A-3

              	 	
                Class
                  A-3

              
	
                Class
                  LT2-M1

              	 	
                Class
                  M-1

              	 	
                Class
                  M-1

              
	
                Class
                  LT2-M2

              	 	
                Class
                  M-2

              	 	
                Class
                  M-2

              
	
                Class
                  LT2-M3

              	 	
                Class
                  M-3

              	 	
                Class
                  M-3

              
	
                Class
                  LT2-M4

              	 	
                Class
                  M-4

              	 	
                Class
                  M-4

              
	
                Class
                  LT2-M5

              	 	
                Class
                  M-5

              	 	
                Class
                  M-5

              
	
                Class
                  LT2-M6

              	 	
                Class
                  M-6

              	 	
                Class
                  M-6

              
	
                Class
                  LT2-M7

              	 	
                Class
                  M-7

              	 	
                Class
                  M-7

              
	
                Class
                  LT2-M8

              	 	
                Class
                  M-8

              	 	
                Class
                  M-8

              


      

      


      Custodial
        File:
        With
        respect to each Mortgage Loan, any Mortgage Loan Document which is delivered
        to
        the Custodian or which at any time comes into the possession of that
        Custodian.

       

      Custodian:
        Deutsche Bank.

       

      Cut-off
        Date:
        December 1, 2006.

       

      Cut-off
        Date Pool Principal Balance:
        The
        aggregate Stated Principal Balance of all Mortgage Loans as of the Cut-off
        Date.

       

      Cut-off
        Date Principal Balance:
        As to
        any Mortgage Loan, the Stated Principal Balance thereof as of the close of
        business on the Cut-off Date (after giving effect to payments of principal
        due
        on that date, whether or not received).

       

      Defaulted
        Swap Termination Payment:
        Any
        Swap Termination Payment required to be paid by the Supplemental Interest
        Trust
        to the Swap Provider pursuant to the Interest Rate Swap Agreement as a result
        of
        an Event of Default (as defined in the Interest Rate Swap Agreement) with
        respect to which the Swap Provider is the defaulting party or a Termination
        Event (as defined in the Interest Rate Swap Agreement) (other than Illegality,
        a
        Tax Event or a Tax Event Upon Merger (each as defined in the Interest Rate
        Swap
        Agreement)) with respect to which the Swap Provider is the sole Affected
        Party
        (as defined in the Interest Rate Swap Agreement).

       

      
        
           

        

        
          12

          
            

          

        

        
           

        

      

      Deferred
        Interest:
        The
        amount of interest that is deferred and added to the principal balance of
        a
        Mortgage Loan due to negative amortization. 

       

      Definitive
        Certificates:
        Any
        Certificate evidenced by a Physical Certificate and any Certificate issued
        in
        lieu of a Book-Entry Certificate pursuant to Section 5.02(e) of the Trust
        Agreement.

       

      Deleted
        Mortgage Loan:
        A
        Mortgage Loan which is purchased or repurchased by the Seller, the Purchaser
        or
        the Depositor in accordance with the terms of the Sale Agreement, any Assignment
        Agreement or the Trust Agreement, as applicable, or which is, in the case
        of a
        substitution by any Servicer (if permitted under the applicable Servicing
        Agreement) or by the Purchaser pursuant to the Assignment Agreements or the
        Trust Agreement, replaced or to be replaced with a substitute mortgage
        loan.

       

      Delinquency
        Advance:
        For
        each Mortgage Loan, any Monthly Advance, provided
        that
        notwithstanding anything to the contrary in any related Servicing Agreement,
        but
        in accordance with the provisions of each Assignment Agreement, the amount
        of
        any such Monthly Advance used to determine the amount of the related Delinquency
        Advance shall be the amount necessary to equal, when combined with any amounts
        paid by the respective Mortgagor, the minimum scheduled payment due under
        the
        related mortgage note, net of any related Servicing Fee.

       

      Denomination:
        With
        respect to each Certificate, the amount set forth on the face thereof as
        the
“Initial Certificate Balance of this Certificate” or the Percentage Interest
        appearing on the face thereof.

       

      Depositor:
        GS
        Mortgage Securities Corp., a Delaware corporation, and its successors in
        interest and assigns.

       

      Depository:
        The
        initial Depository shall be The Depository Trust Company, the nominee of
        which
        is CEDE & Co., as the registered Holder of the Book-Entry Certificates. The
        Depository shall at all times be a “clearing corporation” as defined in Section
        8-102(a)(5) of the Uniform Commercial Code of the State of New
        York.

       

      Depository
        Institution:
        Any
        depository institution or trust company, including the Trustee and the
        Securities Administrator, that (a) is incorporated under the laws of the
        United
        States of America or any State thereof, (b) is subject to supervision and
        examination by federal or state banking authorities and (c) has outstanding
        unsecured commercial paper or other short-term unsecured debt obligations
        that
        are rated “P-1” by Moody’s and “A-1” by Standard & Poor’s.

       

      
        
           

        

        
          13

          
            

          

        

        
           

        

      

      Depository
        Participant:
        A
        broker, dealer, bank or other financial institution or other Person for whom
        from time to time a Depository effects book-entry transfers and pledges of
        securities deposited with the Depository.

       

      Determination
        Date:
        With
        respect to each Distribution Date, the close of business of the last day
        of the
        month preceding the month in which such Distribution Date occurs.

       

      Deutsche
        Bank:
        Deutsche Bank National Trust Company, a national banking association, and
        its
        successors in interest and assigns.

       

      Distribution
        Date:
        The
        25th day of each month or, if such day is not a Business Day, the immediately
        succeeding Business Day, commencing in January 2007.

       

      Document
        Certification and Exception Report:
        The
        report attached to Exhibit
        F
        of the
        Trust Agreement.

       

      Due
        Date:
        The day
        of the month on which the Scheduled Payment is due on a Mortgage Loan, exclusive
        of any days of grace.

       

      Due
        Period:
        With
        respect to any Distribution Date, the period commencing on the second day
        of the
        calendar month preceding the month in which that Distribution Date occurs
        and
        ending on the first day of the calendar month in which that Distribution
        Date
        occurs.

       

      EDGAR:
        The
        Commission’s Electronic Data Gathering, Analysis and Retrieval
        system.

       

      Eligible
        Account:
        Either
        (i) an account maintained with a federal or state chartered depository
        institution or trust company the short-term unsecured debt obligations of
        which
        (or, in the case of a depository institution or trust company that is a
        subsidiary of a holding company, the short-term unsecured debt obligations
        of
        such holding company) are rated “A-1+” by Standard & Poor’s, “F1” by Fitch
        and “P-1” by Moody’s (or a comparable rating if another Rating Agency is
        specified by the Depositor by written notice to the Servicer) at the time
        any
        amounts are held on deposit therein, (ii) a trust account or accounts maintained
        with a federal or state chartered depository institution or trust company
        acting
        in its fiduciary capacity or (iii) any other account acceptable to each Rating
        Agency. Eligible Accounts may bear interest, and may include, if otherwise
        qualified under this definition, accounts maintained with the Securities
        Administrator or the Trustee.

       

      ERISA:
        The
        Employee Retirement Income Security Act of 1974, as amended.

       

      ERISA-Qualifying
        Underwriting:
        A best
        efforts or firm commitment underwriting or private placement that meets the
        requirements of Prohibited Transaction Exemption (“PTE”)
        2002-41, 67 Fed. Reg. 54487 (2002) (or any successor thereto), or any
        substantially similar administrative exemption granted by the U.S. Department
        of
        Labor.

       

      ERISA-Restricted
        Certificate:
        As
        specified in the Preliminary Statement.

       

      ERISA-Restricted
        Swap Certificate:
        As
        specified in the Preliminary Statement.

       

      
        
           

        

        
          14

          
            

          

        

        
           

        

      

      Event
        of Default:
        As
        defined in the applicable Servicing Agreement.

       

      Excess
        Overcollateralized Amount:
        With
        respect to any Distribution Date, the excess, if any, of (a) the
        Overcollateralized Amount on such Distribution Date over (b) the Specified
        Overcollateralized Amount for such Distribution Date.

       

      Excess
        Reserve Fund Account:
        The
        separate Eligible Account created and maintained by the Securities Administrator
        pursuant to Section 3.01(a) of the Trust Agreement in the name of the Securities
        Administrator as paying agent for the benefit of the Regular Certificateholders
        and designated “Wells Fargo Bank, N.A., as paying agent, in trust for registered
        Holders of GreenPoint Mortgage Funding Trust 2006-OH1, Mortgage Pass-Through
        Certificates, Series 2006-OH1.” Funds in the Excess Reserve Fund Account shall
        be held in trust for the Regular Certificateholders for the uses and purposes
        set forth in the Trust Agreement. Amounts on deposit in the Excess Reserve
        Fund
        Account shall not be invested.

       

      Exchange
        Act:
        The
        Securities Exchange Act of 1934, as amended, and the rules and regulations
        promulgated thereunder.

       

      Exchange
        Act Filing Obligation:
        The
        obligations of the Master Servicer under Section 9.04 and Article XIII (except
        Section 13.07) of the Trust Agreement with respect to notice and information
        to
        be provided to the Depositor.

       

      Exchange
        Act Reports:
        Any
        reports on Form 10-D, Form 8-K and Form 10-K required to be filed by the
        Depositor with respect to the Trust Fund under the Exchange Act.

       

      Expense
        Fee Rate:
        As to
        each Mortgage Loan, a per
        annum
        rate
        equal to the Servicing Fee Rate.

       

      Expense
        Fees:
        As to
        each Mortgage Loan, the fees calculated by reference to the Expense Fee
        Rate.

       

      Extra
        Principal Distribution Amount:
        As of
        any Distribution Date, the lesser of (x) the related Total Monthly Excess
        Spread
        for that Distribution Date and (y) the related Overcollateralization Deficiency
        for such Distribution Date.

       

      Fair
        Market Value Excess:
        With
        respect to any Mortgage Loans to be purchased pursuant to Section 11.01 of
        the
        Trust Agreement, the excess, if any, of the Fair Market Value Price for such
        Mortgage Loans over the Par Value for such Mortgage Loans.

       

      Fair
        Market Value Price:
        The sum
        of the aggregate fair market value of all of the assets of the Trust Fund
        as
        determined by the Securities Administrator in consultation with the Purchaser
        (or, if the Purchaser is unwilling or unable to serve in that capacity, a
        financial advisor selected by the Securities Administrator in a commercially
        reasonable manner, whose fees will be an expense of the Depositor (or other
        party causing the Terminating Purchase)), based upon the mean of bids from
        at
        least three recognized broker/dealers that deal in similar assets as of the
        close of business on the third Business Day preceding the date upon which
        notice
        of any such termination is furnished to Certificateholders pursuant to Section
        11.02 of the Trust Agreement; provided,
        however,
        that in
        determining such aggregate fair market value, the Securities Administrator
        shall
        be entitled to conclusively rely on such bids or the opinion of a nationally
        recognized investment banker (the fees of which shall be an expense of the
        Trust). The fair market value of the assets in the Trust or the appraised
        value
        of any REO Property shall be based upon the inclusion of (i) accrued interest
        to
        the Due Date in the month in which the Termination Price is distributed to
        the
        Certificateholders, at the applicable Note Rate (less the related Servicing
        Fee
        Rate) on the Scheduled Principal Balance of each Mortgage Loan (including
        any
        Mortgage Loan which became an REO Property as to which an REO Property
        Disposition has not occurred), (ii) the amount of outstanding Servicing Advances
        to the Due Date in the month in which the Termination Price is distributed
        to
        the Certificateholders, and (iii) the amount of any costs and damages incurred
        by the Trust as a result of any violation of any applicable federal, state,
        or
        local predatory or abusive lending law arising from or in connection with
        the
        origination of any Mortgage Loan remaining in the Trust.

       

      
        
           

        

        
          15

          
            

          

        

        
           

        

      

      Fannie
        Mae:
        The
        Federal National Mortgage Association, and its successors in interest and
        assigns.

       

      Final
        Scheduled Distribution Date:
        The
        Final Scheduled Distribution Date for each Class of Certificates is the
        Distribution Date occurring in January 2037.

       

      First
        Payment Default Mortgage Loan:
        Not
        Applicable.

       

      First
        Payment Default Purchase Price:
        Not
        Applicable.

       

      Fitch:
        Fitch,
        Inc.

       

      Form
        8-K Disclosure Information:
        As defined in Section 13.02 of
        the
        Trust Agreement.

       

      Freddie
        Mac:
        The
        Federal Home Loan Mortgage Corporation, a corporate instrumentality of the
        United States created and existing under Title III of the Emergency Home
        Finance
        Act of 1970, as amended, and its successors in interest and
        assigns.

       

      GreenPoint:
        GreenPoint Mortgage Funding, Inc., a New York corporation, and its successors
        in
        interest.

       

      GreenPoint
        Sale Agreement:
        Flow
        Mortgage Loan Purchase and Warranties Agreement, dated as of October 1, 2006,
        between GreenPoint, Inc. and GSMC.

       

      GreenPoint
        Servicing Agreement: Flow
        Interim Servicing Agreement, dated as of October 1, 2006, between GreenPoint
        and
        GSMC, as modified by the related Assignment Agreements.

       

      GSMC
        or
Purchaser:
        Goldman
        Sachs Mortgage Company, a New York limited partnership, and its successors
        in
        interest and assigns.

       

      
        
           

        

        
          16

          
            

          

        

        
           

        

      

      Holder
        or
Certificateholder:
        The
        person in whose name a Certificate is registered in the Certificate Register,
        except that, solely for the purpose of giving any consent pursuant to the
        Trust
        Agreement, any Certificate registered in the name of the Depositor or any
        affiliate of the Depositor shall be deemed not to be Outstanding and the
        Percentage Interest evidenced thereby shall not be taken into account in
        determining whether the requisite amount of Percentage Interests necessary
        to
        effect such consent has been obtained; provided,
        however,
        that if
        any such Person (including the Depositor) owns 100% of the Percentage Interests
        evidenced by a Class of Certificates, such Certificates shall be deemed to
        be
        Outstanding for purposes of any provision of the Trust Agreement that requires
        the consent of the Holders of Certificates of a particular Class as a condition
        to the taking of any action hereunder. The Securities Administrator is entitled
        to rely conclusively on a certification of the Depositor or any affiliate
        of the
        Depositor in determining which Certificates are registered in the name of
        an
        affiliate of the Depositor.

       

      Initial
        Optional Termination Date:
        The
        first Distribution Date on which the aggregate Stated Principal Balance of
        the
        Mortgage Loans, as of the last day of the related Due Period, is equal to
        10.00%
        or less of the Cut-off Date Pool Principal Balance.

       

      Insurance
        Proceeds:
        With
        respect to each Mortgage Loan, proceeds of insurance policies insuring the
        Mortgage Loan or the related Mortgaged Property.

       

      Interest
        Accrual Period:
        With
        respect to any Distribution Date, the period commencing on the Distribution
        Date
        occurring in the preceding calendar month (or, with respect to the first
        Distribution Date, the Closing Date) and ending on the day before such
        Distribution Date, calculated on the basis of a 360-day year and the actual
        number of days in such Interest Accrual Period. 

       

      Interest
        Carryforward Amount:
        For any
        Distribution Date and any Class of Certificates, the sum of (a) the excess,
        if
        any, of (i) Accrued Certificate Interest for such Class assuming the Net
        Rate
        Cap for such Distribution Date was equal to the Net WAC Cap Rate over (ii)
        Accrued Certificate Interest for such Class assuming the Net Rate Cap for
        such
        Distribution Date was equal to the Available Funds Rate and (b) interest
        on the
        amount calculated pursuant to clause (a) from prior Distribution Dates,
        calculated at the applicable Pass-Through Rate for such Class.

       

      Interest
        Rate Swap Agreement:
        The
        interest rate swap agreement, dated as of December 29, 2006, between the
        GreenPoint Mortgage Funding Trust 2006-OH1 and the Swap Provider and assigned
        to
        the Supplemental Interest Trust or any other swap agreement (including any
        related schedules) assigned to the Supplemental Interest Trust.

       

      Interest
        Remittance Amount:
        With
        respect to any Distribution Date and the Mortgage Loans, that portion of
        Available Funds attributable to interest relating to the Mortgage Loans for
        such
        Distribution Date less Net Swap Payment Amounts and Swap Termination Payments
        owed to the Swap Provider other than a Defaulted Swap Termination
        Payment.

       

      Investment
        Account:
        As
        defined in Section 3.02(a) of the Trust Agreement.

       

      Item
        1119 Party:
        The
        Depositor, the Master Servicer, the Trustee, any Servicer, any subservicer,
        any
        originator identified in the Prospectus Supplement and any Swap
        Provider.

       

      
        
           

        

        
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      LIBOR:
        With
        respect to any Interest Accrual Period for the LIBOR Certificates, the rate
        determined by the Securities Administrator on the related LIBOR Determination
        Date on the basis of the offered rate for one month U.S. dollar deposits
        as such
        rate appears on Telerate Page 3750 as of 11:00 a.m. (London time) on such
        date;
provided
        that if
        such rate does not appear on Telerate Page 3750, the rate for such date will
        be
        determined on the basis of the rates at which one-month U.S. dollar deposits
        are
        offered by the Reference Banks at approximately 11:00 a.m. (London time)
        on such
        date to prime banks in the London interbank market. In such event, the
        Securities Administrator shall request the principal London office of each
        of
        the Reference Banks to provide a quotation of its rate. If at least two such
        quotations are provided, the rate for that date will be the arithmetic mean
        of
        the quotations (rounded upwards if necessary to the nearest whole multiple
        of
        1/16%). If fewer than two quotations are provided as requested, the rate
        for
        that date will be the arithmetic mean of the rates quoted by major banks
        in New
        York City, selected by the Securities Administrator (after consultation with
        the
        Depositor), at approximately 11:00 a.m. (New York City time) on such date
        for
        one-month U.S. dollar deposits of leading European banks. The establishment
        of
        LIBOR by the Securities Administrator and the Securities Administrator’s
        subsequent calculations based thereon, in the absence of manifest error,
        shall
        be final and binding. Except as otherwise set forth herein, absent manifest
        error, the Securities Administrator may conclusively rely on quotations of
        LIBOR
        as such quotations appear on Telerate Screen Page 3750.

       

      LIBOR
        Certificates:
        The
        Class A Certificates and the Class M Certificates.

       

      LIBOR
        Determination Date:
        With
        respect to any Interest Accrual Period for the LIBOR Certificates, the second
        London Business Day preceding the commencement of such Interest Accrual
        Period.

       

      Liquidated
        Mortgage Loan:
        With
        respect to any Distribution Date, a defaulted Mortgage Loan (including any
        REO
        Property) which was liquidated in the Prepayment Period preceding the month
        of
        such Distribution Date and as to which the applicable Servicer has certified
        that it has received all amounts it expects to receive in connection with
        the
        liquidation of such Mortgage Loan including the final disposition of an REO
        Property.

       

      Liquidation
        Proceeds:
        Cash
        received in connection with the liquidation of a defaulted Mortgage Loan,
        whether through the sale or assignment of such Mortgage Loan, trustee’s sale,
        foreclosure sale or otherwise, or the sale of the related Mortgaged Property
        if
        the Mortgaged Property is acquired in satisfaction of the Mortgage Loan,
        including any Subsequent Recoveries.

       

      London
        Business Day:
        Any day
        on which dealings in deposits of United States dollars are transacted in
        the
        London interbank market.

       

      Lower-Tier
        Principal Amount:
        As
        described in the Preliminary Statement.

       

      Lower-Tier
        Regular Interest:
        As
        described in the Preliminary Statement.

       

      Lower-Tier
        REMIC:
        As
        described in the Preliminary Statement.

       

      
        
           

        

        
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      Majority
        Class X Certificateholder:
        The
        Holder or Holders of a majority of the Percentage Interests in the Class
        X
        Certificates.

       

      Master
        Servicer:
        Wells
        Fargo, and if a successor master servicer is appointed hereunder, such
        successor. So long as Wells Fargo shall be the Master Servicer, if Wells
        Fargo
        Bank shall resign or be terminated as Master Servicer under the Trust Agreement,
        Wells Fargo Bank, N.A. shall simultaneously resign or be terminated as
        Securities Administrator.

       

      Master
        Servicer Account:
        The
        Eligible Account created pursuant to Section 3.01(b) of the Trust Agreement.
        So
        long as Wells Fargo shall be both the Master Servicer and the Securities
        Administrator, the Master Servicer Account shall be the same account as,
        or a
        sub-account of, the Certificate Account, as described in the definition of
        “Certificate Account” in these Standard Terms and as provided in Section 3.01(b)
        of the Trust Agreement.

       

      Master
        Servicer Event of Default:
        As
        defined in Section 9.04 of the Trust Agreement.

       

      Master
        Servicer Float Period:
        As to
        any Distribution Date and each Mortgage Loan, the period commencing on the
        Remittance Date and ending on the Distribution Date.

       

      Master
        Servicing and Trust Agreement:
        The
        Master Servicing and Trust Agreement dated as of December 1, 2006 among the
        Depositor, the Trustee, the Master Servicer, the Securities Administrator
        and
        the Custodian.

       

      MERS:
        Mortgage Electronic Registration Systems, Inc., a corporation organized and
        existing under the laws of the State of Delaware, or any successor
        thereto.

       

      MERS
        Loan:
        Any
        Mortgage Loan registered with MERS on the MERS System.

       

      MERS
        System:
        The
        system of recording transfers of mortgages electronically maintained by
        MERS.

       

      Middle-Tier
        Principal Amount:
        As
        described in the Preliminary Statement.

       

      Middle-Tier
        Regular Interest:
        As
        described in the Preliminary Statement.

       

      Middle-Tier
        REMIC:
        As
        described in the Preliminary Statement.

       

      Monthly
        Advance:
        As
        defined in the applicable Servicing Agreement.

       

      Monthly
        Statement:
        The
        statement made available to the Certificateholders pursuant to Section 4.02
        of
        the Trust Agreement.

       

      Moody’s:
        Moody’s
        Investors Service, Inc. If Moody’s is designated as a Rating Agency in the
        Preliminary Statement, for purposes of Section 12.05(b) of the Trust Agreement
        the address for notices to Moody’s shall be Moody’s Investors Service, Inc., 99
        Church Street, New York, New York 10007, Attention: Residential Mortgage
        Pass-Through Group, or such other address as Moody’s may hereafter furnish to
        the Depositor and the Servicer.

       

      
        
           

        

        
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      Mortgage:
        The
        mortgage, deed of trust or other instrument identified on the Mortgage Loan
        Schedule as securing a Mortgage Note.

       

      Mortgage
        File:
        The
        items pertaining to a particular Mortgage Loan contained in either the Servicing
        File or Custodial File.

       

      Mortgage
        Interest Rate:
        The
        annual rate of interest borne on a Mortgage Note with respect to each Mortgage
        Loan.

       

      Mortgage
        Loan:
        An
        individual Mortgage Loan which is the subject of a Sale Agreement and a
        Servicing Agreement, each Mortgage Loan originally sold and subject to any
        Sale
        Agreement being identified on the Mortgage Loan Schedule, which Mortgage
        Loan
        includes without limitation the Mortgage File, the Servicing File, the Scheduled
        Payments, Principal Prepayments, Prepayment Premiums, Liquidation Proceeds,
        Condemnation Proceeds, Insurance Proceeds, REO Disposition proceeds and all
        other rights, benefits, proceeds and obligations arising from or in connection
        with such Mortgage Loan.

       

      Mortgage
        Loan Documents:
        The
        mortgage loan documents pertaining to each Mortgage Loan.

       

      Mortgage
        Loan Schedule:
        A
        schedule of Mortgage Loans annexed to the Trust Agreement as Schedule I (which
        shall be delivered to the Custodian in an electronic format acceptable to
        the
        Custodian), such schedule setting forth the following information with respect
        to each Mortgage Loan: (1) the Seller’s Mortgage Loan number; (2) the address,
        city, state and zip code of the Mortgaged Property; (3) a code indicating
        whether the Mortgagor is self-employed; (4) a code indicating whether the
        Mortgaged Property is owner-occupied, investment property or a second home;
        (5)
        a code indicating whether the Mortgaged Property is a single family residence,
        two family residence, three-family residence, four family residence,
        condominium, manufactured housing or planned unit development; (6) the purpose
        of the Mortgage Loan; (7) the type of Mortgage Loan; (8) the Mortgage Interest
        Rate at origination; (9) the current Mortgage Interest Rate; (10) the name
        of
        the applicable Servicer; (11) the applicable Servicing Fee Rate; (12) the
        current Scheduled Payment; (13) the original term to maturity; (14) the
        remaining term to maturity; (15) the principal balance of the Mortgage Loan
        as
        of the Cut-off Date after deduction of payments of principal due on or before
        the Cut-off Date whether or not collected; (16) the LTV at origination and
        if
        the Mortgage Loan has a second lien, combined LTV at origination; (17) the
        actual principal balance of the Mortgage Loan as of the Cut-off Date; (18)
        social security number of the Mortgagor; (19) a code indicating whether the
        Mortgage Loan had a second lien at origination; (20) if the Mortgage Loan
        has a
        second lien, combined loan balance as of the Cut-off Date; (21) a code
        indicating whether the Mortgaged Property is a leasehold estate; (22) the
        due
        date of the Mortgage Loan; (23) whether the Mortgage Loan is insured by a
        Primary Mortgage Insurance Policy and the name of the insurer; (24) the
        certificate number of the Primary Mortgage Insurance Policy; (25) the amount
        of
        coverage of the Primary Mortgage Insurance Policy, and if it is a lender-paid
        Primary Mortgage Insurance Policy, the premium rate; (26) the type of appraisal;
        (27) a code indicating whether the Mortgage Loan is a MERS Loan; (28)
        documentation type (including asset and income type); (29) first payment
        date;
        (30) the schedule of the payment delinquencies in the prior 12 months; (31)
        FICO
        score; (32) the Mortgagor’s name; (33) the stated maturity date; (34) the
        original principal amount of the Mortgage Loan; and (35) the name of the
        Custodian.

       

      
        
           

        

        
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      Mortgaged
        Property:
        The
        real property (or leasehold estate, if applicable) identified on the Mortgage
        Loan Schedule as securing repayment of the debt evidenced by a Mortgage Note.
        

       

      Mortgagor:
        The
        obligor on a Mortgage Note.

       

      Net
        Deferred Interest:
        With
        respect to any Distribution Date, the excess, if any, of Deferred Interest
        that
        accrued on the related Mortgage Loans during the related Due Period, over
        the
        sum of (i) the amount of Principal Prepayments received on the Mortgage Loans
        during the Prepayment Period related to that Distribution Date and (ii) interest
        received on the Mortgage Loans in excess of the Accrued Certificate Interest
        for
        all Classes of Offered Certificates (other than the Residual
        Certificates).

       

      Net
        Monthly Excess Cash Flow:
        For any
        Distribution Date the amount remaining for distribution pursuant to Section
        4.01(a)(iii) of the Trust Agreement (before giving effect to distributions
        pursuant to such section).

       

      Net
        Prepayment Interest Shortfall:
        For any
        Distribution Date, the amount by which the sum of the Prepayment Interest
        Shortfalls exceeds the sum of the Compensating Interest payments made on
        such
        Distribution Date.

       

      Net
        Rate Cap:
        On any
        Distribution Date, the lesser of (i) the Net WAC Cap Rate and (ii) the Available
        Funds Rate.

       

      Net
        Swap Payment Amount:
        With
        respect to any Distribution Date, the Fixed Amount (as defined in the Interest
        Rate Swap Agreement) payable by the Supplemental Interest Trust to the Swap
        Provider, pursuant to the applicable clauses of the Priorities of Distribution,
        on the related Fixed Rate Payer Payment Date (as defined in the Interest
        Rate
        Swap Agreement).

       

      Net
        Swap Receipt Amount:
        With
        respect to any Distribution Date, the Floating Amount (as defined in the
        Interest Rate Swap Agreement) payable by the Swap Provider to the Supplemental
        Interest Trust on the related Floating Rate Payer Payment Date (as defined
        in
        the Interest Rate Swap Agreement).

       

      Net
        WAC Cap Rate:
        With
        respect to any Distribution Date, the per annum rate (which will not be less
        than zero) equal to the excess of (i) the weighted average of the Adjusted
        Net
        Mortgage Interest Rate of the Mortgage Loans in effect for the scheduled
        payments due on such Mortgage Loans during the related Due Period over (ii)
        a
        fraction, the numerator of which is the product of (a) the sum of any Net
        Swap
        Payment Amounts and any Swap Termination Payments owed to the Swap Provider
        for
        such Distribution Date and (b) 12, and the denominator of which is the aggregate
        Stated Principal Balance of the Mortgage Loans at the beginning of the related
        Due Period and multiplied by a fraction, expressed as a percentage, the
        numerator of which is 30 and the denominator of which is the actual number
        of
        days in the related Interest Accrual Period.

       

      
        
           

        

        
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      NIM
        Issuer:
        The
        entity established as the issuer of the NIM Securities.

       

      NIM
        Securities:
        Any
        debt securities secured or otherwise backed by some or all of the Class P
        and
        Class X Certificates.

       

      NIM
        Trustee:
        The
        trustee for the NIM Securities.

       

      Non
        Permitted Transferee:
        As
        defined in Section 8.12(e) of the Trust Agreement.

       

      Nonrecoverable
        Delinquency Advance:
        Any
        Delinquency Advance previously made or proposed to be made in respect of
        a
        Mortgage Loan or REO Property that, in the good faith business judgment of
        the
        Servicer (in accordance with the related Servicing Standard set forth in
        the
        related Servicing Agreement), the Master Servicer or any successor Master
        Servicer including the Trustee, as applicable, will not or, in the case of
        a
        proposed Delinquency Advance, would not be ultimately recoverable from related
        late payments, Insurance Proceeds, Condemnation Proceeds or Liquidation Proceeds
        on such Mortgage Loan or REO Property as provided herein.

       

      Nonrecoverable
        Servicing Advance:
        Any
        Servicing Advance previously made or proposed to be made in respect of a
        Mortgage Loan or REO Property, which, in the good faith business judgment
        of the
        Servicer (in accordance with the related Servicing Standard set forth in
        the
        related Servicing Agreement), the Master Servicer or any successor Master
        Servicer including the Trustee, as applicable, will not or, in the case of
        a
        proposed Servicing Advance, would not, be ultimately recoverable from related
        Insurance Proceeds, Condemnation Proceeds, Liquidation Proceeds or
        otherwise.

       

      Notice
        of Final Distribution:
        The
        notice to be provided pursuant to Section 11.02 of the Trust Agreement to
        the
        effect that final distribution on any of the Certificates shall be made only
        upon presentation and surrender thereof.

       

      Offered
        Certificates:
        The
        Class A Certificates, the Class M Certificates and the Residual
        Certificates.

       

      Officer’s
        Certificate:
        A
        certificate signed by the Chairman of the Board or the Vice Chairman of the
        Board or the President or a Vice President or an Assistant Vice President
        and by
        the Treasurer or the Secretary or one of the Assistant Treasurers or Assistant
        Secretaries of any Servicer or any Seller, and delivered to the Trustee and
        the
        Securities Administrator, as required by any Servicing Agreement or Sale
        Agreement or, in the case of any other Person, signed by an authorized officer
        of such Person.

       

      Opinion
        of Counsel:
        A
        written opinion of counsel, who may be in house counsel for the applicable
        Servicer, reasonably acceptable to the Trustee and/or the Securities
        Administrator, as applicable (and/or such other Persons as may be set forth
        herein); provided
        that any
        Opinion of Counsel relating to (a) qualification of any Trust REMIC or (b)
        compliance with the REMIC Provisions, must be (unless otherwise stated in
        such
        Opinion of Counsel) an opinion of counsel who (i) is in fact independent
        of the
        applicable Servicer or the Master Servicer of the Mortgage Loans, (ii) does
        not
        have any material direct or indirect financial interest in the applicable
        Servicer or the Master Servicer of the Mortgage Loans or in an affiliate
        of
        either and (iii) is not connected with the applicable Servicer or the Master
        Servicer of the Mortgage Loans as an officer, employee, director or person
        performing similar functions.

       

      
        
           

        

        
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      Outstanding:
        With
        respect to the Certificates as of any date of determination, all Certificates
        theretofore executed and authenticated under the Trust Agreement
        except:

       

      (i) Certificates
        theretofore canceled by the Securities Administrator or delivered to the
        Securities Administrator for cancellation; and

       

      (ii) Certificates
        in exchange for which or in lieu of which other Certificates have been executed
        and delivered by the Securities Administrator pursuant to the Trust
        Agreement.

       

      Outstanding
        Mortgage Loan:
        As of
        any Due Date, a Mortgage Loan with a Stated Principal Balance greater than
        zero
        which was not the subject of a Principal Prepayment in full prior to such Due
        Date and which did not become a Liquidated Mortgage Loan prior to such Due
        Date.

       

      Overcollateralized
        Amount:
        With
        respect to any Distribution Date, the excess, if any, of (a) the aggregate
        Stated Principal Balances of the Mortgage Loans for that Distribution Date
        over
        (b) the aggregate Class Principal Balance of the Offered Certificates as
        of that
        date (after taking into account distributions of principal on those Certificates
        on that Distribution Date).

       

      Overcollateralization
        Deficiency:
        With
        respect to any Distribution Date, the amount by which the Specified
        Overcollateralized Amount exceeds the Overcollateralized Amount.

       

      Overcollateralization
        Floor:
        With
        respect to any Distribution Date, 0.50% of the aggregate Stated Principal
        Balance of the Mortgage Loans as of the Cut-off Date, or
        $2,354,262.

       

      Overcollateralization
        Reduction Amount:
        With
        respect to any Distribution Date, an amount equal to the lesser of (a) the
        Excess Overcollateralized Amount and (b) the Principal Remittance
        Amount.

       

      Ownership
        Interest:
        As to
        any Residual Certificate, any ownership interest in such Certificate including
        any interest in such Certificate as the Holder thereof and any other interest
        therein, whether direct or indirect, legal or beneficial.

       

      Par
        Value:
        An
        amount equal to the greater of (a) the sum of (1) 100% of the unpaid principal
        balance of the Mortgage Loans (other than Mortgage Loans related to REO
        Properties), (2) interest accrued and unpaid on the Mortgage Loans, (3) any
        unreimbursed Delinquency Advances, fees and expenses of the Master Servicer,
        the
        Securities Administrator and the Trustee and (4) with respect to any REO
        Property, the lesser of (x) the appraised value of each REO Property, as
        determined by the higher of two appraisals completed by two independent
        appraisers selected by the Master Servicer or its designee, and (y) the unpaid
        principal balance of each Mortgage Loan related to any REO Property, and
        (b) the
        sum of (1) the aggregate unpaid Class Principal Balance of each Class of
        Certificates then outstanding, (2) interest accrued and unpaid on the
        Certificates, (3) any unreimbursed Delinquency Advances, fees and expenses
        of
        the Master Servicer, the Securities Administrator and the Trustee and (4)
        any
        Net Swap Payment Amounts or any Swap Termination Payment.

       

      
        
           

        

        
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      Pass-Through
        Rate:
        For
        each Class of Certificates and each Lower-Tier Regular Interest and Middle-Tier
        Regular Interest, the per
        annum
        rate set
        forth or calculated in the manner described in the Preliminary
        Statement.

       

      Percentage
        Interest:
        As to
        any Certificate, the percentage interest evidenced thereby in distributions
        required to be made on the related Class, such percentage interest being
        set
        forth on the face thereof or equal to the percentage obtained by dividing
        the
        Denomination of such Certificate by the aggregate of the Denominations of
        all
        Certificates of the same Class.

       

      Permitted
        Investments:
        Any one
        or more of the following obligations or securities acquired at a purchase
        price
        of not greater than par, regardless of whether issued by the Servicer, the
        Trustee, the Securities Administrator or any of their respective
        Affiliates:

       

      (i) direct
        obligations of, or obligations fully guaranteed as to timely payment of
        principal and interest by, the United States or any agency or instrumentality
        thereof, provided
        such
        obligations are backed by the full faith and credit of the United
        States;

       

      (ii) demand
        and time deposits in, certificates of deposit of, or bankers’ acceptances (which
        shall each have an original maturity of not more than ninety (90) days and,
        in
        the case of bankers’ acceptances, shall in no event have an original maturity of
        more than 365 days or a remaining maturity of more than thirty (30) days)
        denominated in United States dollars and issued by any Depository Institution
        and rated F1+ by Fitch, P-1 by Moody’s and A-1+ by S&P;

       

      (iii) repurchase
        obligations with respect to any security described in clause (i) above entered
        into with a Depository Institution (acting as principal);

       

      (iv) securities
        bearing interest or sold at a discount that are issued by any corporation
        incorporated under the laws of the United States of America or any state
        thereof
        and that are rated by each Rating Agency that rates such securities in its
        highest long-term unsecured rating categories at the time of such investment
        or
        contractual commitment providing for such investment;

       

      (v) commercial
        paper (including both non-interest-bearing discount obligations and
        interest-bearing obligations payable on demand or on a specified date not
        more
        than thirty (30) days after the date of acquisition thereof) that is rated
        by
        each Rating Agency that rates such securities in its highest short-term
        unsecured debt rating available at the time of such investment;

       

      (vi) units
        of
        money market funds, including money market funds advised by the Depositor,
        the
        Securities Administrator or the Trustee or an Affiliate thereof, that have
        been
        rated “Aaa” by Moody’s, “AAAm” or “AAAm-G” by Standard & Poor’s and, if
        rated by Fitch, at least “AA” by Fitch; and

       

      
        
           

        

        
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      (vii) if
        previously confirmed in writing to the Securities Administrator, any other
        demand, money market or time deposit, or any other obligation, security or
        investment, as may be acceptable to the Rating Agencies as a permitted
        investment of funds backing “Aaa” or “AAA” rated securities;

       

      provided,
        however,
        that no
        instrument described hereunder shall evidence either the right to receive
        (a)
        only interest with respect to the obligations underlying such instrument
        or (b)
        both principal and interest payments derived from obligations underlying
        such
        instrument and the interest and principal payments with respect to such
        instrument provide a yield to maturity at par greater than 120% of the yield
        to
        maturity at par of the underlying obligations.

       

      Permitted
        Transferee:
        Any
        Person other than (i) the United States, any State or political subdivision
        thereof, or any agency or instrumentality of any of the foregoing, (ii) a
        foreign government, international organization or any agency or instrumentality
        of either of the foregoing, (iii) an organization (except certain farmers’
cooperatives described in Section 521 of the Code) which is exempt from tax
        imposed by Chapter 1 of the Code (including the tax imposed by Section 511
        of
        the Code on unrelated business taxable income) on any excess inclusions (as
        defined in Section 860E(c)(1) of the Code) with respect to any Residual
        Certificate, (iv) rural electric and telephone cooperatives described in
        Section
        1381(a)(2)(C) of the Code, (v) a Person that is not a U.S. Person or a U.S.
        Person with respect to whom income from a Residual Certificate is attributable
        to a foreign permanent establishment or fixed base (within the meaning of
        an
        applicable income tax treaty) of such Person or any other U.S. Person, (vi)
        an
“electing large partnership” within the meaning of Section 775 of the Code and
        (vii) any other Person so designated by the Depositor based upon an Opinion
        of
        Counsel that the Transfer of an Ownership Interest in a Residual Certificate
        to
        such Person may cause any Trust REMIC to fail to qualify as a REMIC at any
        time
        that the Certificates are outstanding. The terms “United States,” “State” and
“international organization” shall have the meanings set forth in Section 7701
        of the Code or successor provisions. A corporation will not be treated as
        an
        instrumentality of the United States or of any State or political subdivision
        thereof for these purposes if all of its activities are subject to tax and,
        with
        the exception of the Freddie Mac, a majority of its board of directors is
        not
        selected by such government unit.

       

      Person:
        Any
        individual, corporation, partnership, joint venture, association, limited
        liability company, joint stock company, trust, unincorporated organization
        or
        government, or any agency or political subdivision thereof.

       

      Physical
        Certificates:
        As
        specified in the Preliminary Statement.

       

      Preliminary
        Statement:
        The
        preliminary statement to the Trust Agreement.

       

      Prepayment
        Interest Shortfall:
        With
        respect to any Remittance Date, the sum of, for each Mortgage Loan that was
        during the related Prepayment Period the subject of a Principal Prepayment
        that
        was applied by the Servicer to reduce the outstanding principal balance of
        such
        Mortgage Loan on a date preceding the Due Date in the succeeding Prepayment
        Period, an amount equal to the product of (a) the Mortgage Interest Rate
        net of
        the applicable Servicing Fee Rate for such Mortgage Loan, (b) the amount
        of the
        Principal Prepayment for such Mortgage Loan, (c) 1/360 and (d) the number
        of
        days commencing on the date on which such Principal Prepayment was applied
        and
        ending on the last day of the related Prepayment Period.

       

      
        
           

        

        
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      Prepayment
        Period:
        With
        respect to any Distribution Date, the calendar month preceding the month
        in
        which that Distribution Date occurs.

       

      Prepayment
        Premium:
        Any
        prepayment premium, penalty or charge, if any, required under the terms of
        the
        related Mortgage Note to be paid in connection with a Principal Prepayment,
        to
        the extent permitted by law.

       

      Principal
        Distribution Amount:
        For any
        Distribution Date, the lesser of (x) the sum of (i) the Basic Principal
        Distribution Amount for that Distribution Date and (ii) the Extra Principal
        Distribution Amount (as defined herein) for that Distribution Date and (y)
        the
        excess of the Available Funds over the Accrued Certificate Interest for each
        Class of Offered Certificates (other than the Residual Certificates) for
        that
        Distribution Date.

       

      Principal
        Prepayment:
        Any
        full or partial payment or other recovery of principal on a Mortgage Loan
        (including upon liquidation of a Mortgage Loan) which is received in advance
        of
        its scheduled Due Date, including any Prepayment Premium, and which is not
        accompanied by an amount of interest representing scheduled interest due
        on any
        date or dates in any month or months subsequent to the month of
        prepayment.

       

      Principal
        Remittance Amount:
        With
        respect to any Distribution Date and the Mortgage Loans, the amount equal
        to the
        sum of the following amounts (without duplication) with respect to the related
        Due Period: (i) each scheduled payment of principal on a Mortgage Loan due
        during the related Due Period and received by the applicable Servicers on
        or
        prior to the related Determination Date or advanced by the applicable Servicers
        for the related Servicer Remittance Date; (ii) except to the extent applied
        to
        offset Deferred Interest, all full and partial Principal Prepayments received
        on
        the Mortgage Loans during the related Prepayment Period; (iii) all net
        Liquidation Proceeds, Condemnation Proceeds and Insurance Proceeds on the
        Mortgage Loans allocable to principal and received during the related Prepayment
        Period; (iv) the principal portion of amounts received with respect to such
        Distribution Date in connection with a purchase or repurchase of a Deleted
        Mortgage Loan; (v) the principal portion of amounts received with respect
        to
        such Distribution Date as a Substitution Adjustment Amount received in
        connection with the substitution of a Mortgage Loan; and (vi) the principal
        portion of any proceeds received with respect to any Avelo Call or Auction
        Clean-Up Call in connection with any optional clean-up call as provided in
        Section 11.01 of the Trust Agreement.

       

      Private
        Certificates:
        The
        Class P and Class X Certificates.

       

      Prospectus
        Supplement:
        The
        Prospectus Supplement, dated December 21, 2006, relating to the Offered
        Certificates.

       

      PTCE:
        Prohibited Transaction Class Exemption, issued by the U.S. Department of
        Labor.

       

      
        
           

        

        
          26

          
            

          

        

        
           

        

      

      PUD:
        A
        planned unit development.

       

      Purchaser
        or
GSMC:
        Goldman
        Sachs Mortgage Company, a New York limited partnership, and its successors
        in
        interest and assigns.

       

      Rating
        Agency:
        Each of
        S&P and Moody’s. If such organization or a successor is no longer in
        existence, “Rating Agency” shall be such nationally recognized statistical
        rating organization, or other comparable Person, as is designated by the
        Depositor, notice of which designation shall be given to the Trustee and
        the
        Securities Administrator. References herein to a given rating or rating category
        of a Rating Agency shall mean such rating category without giving effect
        to any
        modifiers. For purposes of Section 12.05(b) of the Trust Agreement, the
        addresses for notices to each Rating Agency shall be the address specified
        therefor in the definition corresponding to the name of such Rating Agency,
        or
        such other address as either such Rating Agency may hereafter furnish to
        the
        Depositor and the Servicer.

       

      Realized
        Losses:
        With
        respect to any date of determination and any Liquidated Mortgage Loan, the
        amount, if any, by which (a) the unpaid principal balance of such Liquidated
        Mortgage Loan together with accrued and unpaid interest thereon exceeds (b)
        the
        Liquidation Proceeds with respect thereto net of the expenses incurred by
        the
        Servicer in connection with the liquidation of such Liquidated Mortgage Loan
        and
        net of any amount of unreimbursed Servicing Advances with respect to such
        Liquidated Mortgage Loan.

       

      Record
        Date:
        With
        respect to any Distribution Date, the close of business on the last Business
        Day
        of the related Interest Accrual Period; provided,
        however,
        that
        for any Definitive Certificate issued pursuant to Section 5.02(e) of the
        Trust
        Agreement, the Record Date shall be the close of business on the last Business
        Day of the month immediately preceding the month in which the related
        Distribution Date occurs.

       

      Reference
        Bank:
        As
        defined in Section 4.04 of the Trust Agreement.

       

      Regular
        Certificates:
        As
        specified in the Preliminary Statement.

       

      Regular
        Interests:
        Any
        Upper-Tier Regular Interests, Middle-Tier Regular Interest or Lower-Tier
        Regular
        Interests and any regular interest in the Class P REMIC or the Class X
        REMIC.

       

      Regulation
        AB:
        Subpart
        229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
        to
        such clarification and interpretation as have been provided by the Commission
        in
        the adopting release (Asset-Backed Securities, Securities Act Release No.
        33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
        Commission, or as may be provided by the Commission or its staff from time
        to
        time.

       

      Relief
        Act Interest Shortfall:
        With
        respect to any Distribution Date and any Mortgage Loan, any reduction in
        the
        amount of interest collectible on such Mortgage Loan for the most recently
        ended
        Due Period as a result of the application of the Servicemembers Civil Relief
        Act, as amended, or any similar state or local law.

       

      
        
           

        

        
          27

          
            

          

        

        
           

        

      

      REMIC:
        A “real
        estate mortgage investment conduit” within the meaning of Section 860D of the
        Code.

       

      REMIC
        Provisions:
        Provisions of the federal income tax law relating to real estate mortgage
        investment conduits, which appear at Sections 860A through 860G of Subchapter
        M
        of Chapter 1 of the Code, and related provisions, and regulations promulgated
        thereunder, as the foregoing may be in effect from time to time as well as
        provisions of applicable state laws.

       

      Remittance
        Date:
        With
        respect to any Distribution Date, the 18th day (or if such 18th day is not
        a
        Business Day, the first Business Day immediately preceding such 18th day)
        of the
        month in which such Distribution Date occurs.

       

      REO
        Disposition:
        The
        final sale by the Servicer of any REO Property.

       

      REO
        Property:
        A
        Mortgaged Property acquired by the Trust Fund through foreclosure or
        deed-in-lieu of foreclosure in connection with a defaulted Mortgage
        Loan.

       

      Reportable
        Event:
        As
        defined in Section 13.02 of the Trust Agreement.

       

      Reporting
        Party:
        The
        Depositor, any Originator, the Master Servicer, any Servicer, any originator
        defined in the Prospectus Supplement, any swap or corridor contract
        counterparty, any credit enhancement provider described herein and any other
        material transaction party (excluding the Trustee and the Custodian) as may
        be
        mutually agreed between the Depositor and the Master Servicer from time to
        time
        for the purpose of complying with the requirements of the
        Commission.

       

      Reporting
        Servicer:
        As
        defined in Section 13.04 of the Trust Agreement.

       

      Reporting
        Subcontractor:
        With
        respect to the Master Servicer or the Securities Administrator, any
        Subcontractor determined by such Person pursuant to Section 13.08(b) of the
        Trust Agreement to be “participating in the servicing function” within the
        meaning of Item 1122 of Regulation AB. References to a Reporting Subcontractor
        shall refer only to the Subcontractor of such Person and shall not refer
        to
        Subcontractors generally.

       

      Residual
        Certificates:
        The
        Class R, Class RX and Class RC Certificates.

       

      Responsible
        Officer:
        When
        used with respect to the Securities Administrator or the Master Servicer,
        any
        vice president, any assistant vice president, any assistant secretary, any
        assistant treasurer, any associate or any other officer of the Securities
        Administrator or the Master Servicer, customarily performing functions similar
        to those performed by any of the above designated officers who at such time
        shall be officers to whom, with respect to a particular matter, such matter
        is
        referred because of such officer’s knowledge of and familiarity with the
        particular subject and who shall have direct responsibility for the
        administration of the Trust Agreement. When used with respect to the Trustee,
        any officer of the Trustee having direct responsibility for the administration
        of this transaction, or to whom corporate trust matters are referred because
        of
        that officer’s knowledge of and familiarity with the particular
        subject.

       

      
        
           

        

        
          28

          
            

          

        

        
           

        

      

      Rule
        144A:
        Rule
        144A under the Securities Act.

       

      Rule
        144A Letter:
        As
        defined in Section 5.02(b) of the Trust Agreement.

       

      Sale
        Agreement:
        The
        GreenPoint Sale Agreement.

       

      Sarbanes-Oxley
        Certification:
        As
        defined in Section 13.06 of the Trust Agreement.

       

      Scheduled
        Payment:
        With
        respect to each Mortgage Loan, the minimum scheduled payment due under the
        related mortgage note, net of any servicing fees and subservicing
        fees.

       

      Securities
        Act:
        The
        Securities Act of 1933, as amended.

       

      Securities
        Administrator:
        Wells
        Fargo, and if a successor securities administrator is appointed hereunder,
        such
        successor. So long as Wells Fargo shall be the Securities Administrator,
        if
        Wells Fargo shall resign or be terminated as Securities Administrator under
        the
        Trust Agreement, Wells Fargo shall simultaneously resign or be terminated
        as
        Master Servicer.

       

      Seller:
        GreenPoint, in its capacity as seller under the Sale Agreement.

       

      Senior
        Enhancement Percentage:
        With
        respect to any Distribution Date, the percentage obtained by dividing (x)
        the
        sum of (i) the aggregate Class Principal Balance of the Subordinate Certificates
        and (ii) the Overcollateralized Amount (in each case after taking into account
        the distributions of the Principal Distribution Amount for such Distribution
        Date) by (y) the aggregate Stated Principal Balance of the Mortgage Loans
        as of
        the first day of the month in which such Distribution Date occurs.

       

      Senior
        Specified Enhancement Percentage:
        With
        respect to any Distribution Date (a) prior to the Distribution Date in January
        2013, approximately 18.250% and (b) on or after the Distribution Date in
        January
        2013, approximately 14.600%.

       

      Sequential
        Trigger Event:
        Not
        Applicable.

       

      Servicer:
        GreenPoint and Avelo, in each case, in its capacity as servicer under the
        related Servicing Agreement, or any successor servicer appointed pursuant
        to
        such Servicing Agreement.

       

      Servicing
        Advances:
        As
        defined in the related Servicing Agreement.

       

      Servicing
        Agreement:
        Each of
        the GreenPoint Servicing Agreement and the Avelo Servicing
        Agreement.

       

      Servicing
        Criteria:
        The
“servicing criteria” set forth in Item 1122(d) of Regulation AB, as the same may
        be amended from time to time.

       

      Servicing
        Fee:
        As
        defined in the related Servicing Agreement.

       

      
        
           

        

        
          29

          
            

          

        

        
           

        

      

      Servicing
        Fee Rate:
        With
        respect to each Mortgage Loan, the per
        annum
        rate for
        such Mortgage Loan specified on the Mortgage Loan Schedule.

       

      Servicing
        File:
        As
        defined in the applicable Servicing Agreement.

       

      Servicing
        Function Participant:
        Any
        Subservicer, Subcontractor or any other Person, other than each Servicer,
        the
        Master Servicer, the Trustee, the Securities Administrator and any Custodian,
        that is performing activities addressed by the Servicing Criteria.

       

      Similar
        Law:
        As
        defined in Section 5.02(b) of the Trust Agreement.

       

      Special
        Tax Consent:
        The
        written consent of the Holder of a Residual Certificate to any tax (or risk
        thereof) arising out of a proposed transaction or activity that may be imposed
        upon such Holder or that may affect adversely the value of such Holder’s
        Residual Certificate.

       

      Special
        Tax Opinion:
        An
        Opinion of Counsel that a proposed transaction or activity will not
        (a) affect adversely the status of any REMIC as a REMIC or of the Regular
        Interests as the “regular interests” therein under the REMIC Provisions,
        (b) affect the payment of interest or principal on the Regular Interests,
        or (c) result in the encumbrance of the Mortgage Loans by a tax
        lien.

       

      Specified
        Overcollateralized Amount:
        Prior
        to the Stepdown Date, an amount equal to 0.50% of the aggregate Stated Principal
        Balance of the Mortgage Loans as of the Cut-off Date. On or after the Stepdown
        Date but prior to the Distribution Date in January 2013, provided
        a
        Trigger Event is not in effect, an amount equal to the greater of (x) 1.25%
        of
        the aggregate Stated Principal Balance of the Mortgage Loans for that
        Distribution Date and (y) the Overcollateralization Floor. On or after the
        Stepdown Date and on and after the Distribution Date in January 2013,
provided
        a
        Trigger Event is not in effect, an amount equal to the greater of (x) 1.00%
        of
        the aggregate Stated Principal Balance of the Mortgage Loans for that
        Distribution Date and (y) the Overcollateralization Floor. On or after the
        Stepdown Date if a Trigger Event is in effect,
        the
        Specified Overcollateralized Amount will remain the same as the prior period’s
        Specified Overcollateralized Amount until the Distribution Date on which
        a
        Trigger Event is no longer occurring. When the Class Principal Balance of
        each
        Class of Offered Certificates has been reduced to zero, the Specified
        Overcollateralized Amount shall thereafter equal zero.

       

      Standard
        & Poor’s or S&P:
        Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies,
        Inc. If Standard & Poor’s is designated as a Rating Agency in the
        Preliminary Statement, for purposes of Section 12.05(b) of the Trust Agreement
        the address for notices to Standard & Poor’s shall be Standard & Poor’s,
        55 Water Street, New York, New York 10041, Attention: Residential Mortgage
        Surveillance Group - GreenPoint Mortgage Funding Trust 2006-OH1, or such
        other
        address as Standard & Poor’s may hereafter furnish to the Depositor and the
        Servicer.

       

      Standard
        Terms:
        These
        Standard Terms, as amended or supplemented, incorporated by reference in
        the
        Master Servicing and Trust Agreement.

       

      Startup
        Day:
        The
        Closing Date.

       

      
        
           

        

        
          30

          
            

          

        

        
           

        

      

      Stated
        Principal Balance:
        As to
        each Mortgage Loan and as of any Determination Date, (i) the sum of (a) the
        principal balance of the Mortgage Loan at the Cut-off Date after giving effect
        to payments of principal due on or before such date (whether or not received)
        and (b) any amount by which the Stated Principal Balance of the Mortgage
        Loan
        has been increased for Deferred Interest pursuant to the terms of the related
        Mortgage Note on or prior to the Distribution Date, minus (ii) all amounts
        previously remitted to the Securities Administrator with respect to the related
        Mortgage Loan representing payments or recoveries of principal including
        advances in respect of scheduled payments of principal. For purposes of any
        Distribution Date, the Stated Principal Balance of any Mortgage Loan will
        give
        effect to any scheduled payments of principal received or advanced prior
        to the
        related Remittance Date and any unscheduled principal payments and other
        unscheduled principal collections received during the related Prepayment
        Period,
        and the Stated Principal Balance of any Mortgage Loan that has prepaid in
        full
        or has become a Liquidated Mortgage Loan during the related Prepayment Period
        shall be zero.

       

      Step
        1
        Assignment Agreement:
        Each of
        the (i) Assignment, Assumption and Recognition Agreement, dated as of December
        1, 2006, between the Purchaser, GreenPoint and the Depositor; and (ii)
        Assignment, Assumption and Recognition Agreement, dated as of December 1,
        2006,
        between the Purchaser, Avelo and the Depositor.

       

      Step
        2
        Assignment Agreement:
        Each of
        the (i) Assignment, Assumption and Recognition Agreement, dated as of December
        1, 2006, between the Depositor, the Master Servicer, the Trustee and GreenPoint;
        and (ii) Assignment, Assumption and Recognition Agreement, dated as of December
        1, 2006, between the Depositor, the Master Servicer, the Trustee and
        Avelo.

       

      Stepdown
        Date:
        The
        earlier to occur of (a) the date on which the aggregate Class Principal Balance
        of the Class A Certificates has been reduced to zero and (b) the later to
        occur
        of (i) the Distribution Date in January 2010 and (ii) the first Distribution
        Date on which the Senior Enhancement Percentage is greater than or equal
        to the
        Senior Specified Enhancement Percentage.

       

      Subcontractor:
        Any
        vendor, subcontractor or other Person that is not responsible for the overall
        servicing (as “servicing” is commonly understood by participants in the
        mortgage-backed securities market) of Mortgage Loans but performs one or
        more
        discrete functions identified in Item 1122(d) of Regulation AB with respect
        to
        Mortgage Loans under the direction or authority of the Master Servicer, any
        Servicer, any subservicer or the Securities Administrator, as the case may
        be.

       

      Subordinate
        Certificates:
        As
        specified in the Preliminary Statement.

       

      Subsequent
        Recoveries:
        Amounts
        received with respect to any Liquidated Mortgage Loan after it has become
        a
        Liquidated Mortgage Loan.

       

      Substitution
        Adjustment Amount:
        With
        respect to any Servicing Agreement in which substitution is permitted, or
        with
        respect to a Mortgage Loan substituted by the Purchaser, an amount of cash
        received from the applicable Servicer or the Purchaser, as applicable, in
        connection with a substitution for a Deleted Mortgage Loan.

       

      
        
           

        

        
          31

          
            

          

        

        
           

        

      

      Supplemental
        Interest Trust:
        The
        corpus of a trust created pursuant to Section 4.05 of this Agreement,
        consisting of the Interest Rate Swap Agreement, subject to the obligation
        to pay
        amounts specified in Section 4.05.

       

      Swap
        LIBOR:
        A per
        annum rate equal to One-Month LIBOR as determined under the Interest Rate
        Swap
        Agreement and adjusted to take into account the day count convention used
        to
        determine the Net Swap Receipt Amount from the Swap Provider and expressing
        such
        rate as so determined on a 30/360 basis. 

       

      Swap
        Provider:
        Barclays Bank PLC, a public limited company registered in England and Wales,
        and
        its successors in interest, and any successor swap provider under any
        replacement Interest Rate Swap Agreement.

       

      Swap
        Termination Payment:
        Any
        payment payable by the Supplemental Interest Trust or the Swap Provider upon
        termination of the Interest Rate Swap Agreement as a result of an Event of
        Default (as defined in the Interest Rate Swap Agreement) or a Termination
        Event
        (as defined in the Interest Rate Swap Agreement).

       

      Tax
        Matters Person:
        The
        Holder of the Class RC, Class R and Class RX Certificates is designated as
“tax
        matters person” of (i) the Lower-Tier REMIC, (ii) the Middle-Tier REMIC and the
        Upper-Tier REMIC and (iii) the Class RX REMICs, respectively, in the manner
        provided under Treasury Regulations Section 1.806F-4(d) and Treasury Regulations
        Section 301.6234(a)(7)-1.

       

      Telerate
        Page 3750:
        The
        display page currently so designated on the Bridge Telerate Service (or such
        other page as may replace that page on that service for displaying comparable
        rates or prices).

       

      Terminating
        Purchase:
        The
        purchase of all Mortgage Loans and each REO Property owned by the Trustee
        on
        behalf of the Trust Fund pursuant to Section 11.01 of the Trust
        Agreement.

       

      Termination
        Price:
        The
        greater of (i) Par Value and (ii) the Fair Market Value Price.

       

      Total
        Monthly Excess Spread:
        As to
        any Distribution Date, an amount equal to the excess if any, of (i) the interest
        collected (prior to the related Remittance Date) or advanced on the Mortgage
        Loans for Due Dates during the related Due Period (net of Expense Fees)
minus
        Net Swap
        Payment Amounts and any Swap Termination Payments owed to the Swap Provider
        other than a Defaulted Swap Termination Payment over (ii) the sum of the
        interest payable to the Offered Certificates (other than the Residual
        Certificates) on such Distribution Date pursuant to Section 4.01(a)(i) of
        the
        Trust Agreement.

       

      
        
           

        

        
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      Transaction
        Documents:
        The
        Trust Agreement, the Assignment Agreements and any other document or agreement
        entered into in connection with the Trust Fund, the Certificates or the Mortgage
        Loans.

       

      Transfer:
        Any
        direct or indirect transfer or sale of any Ownership Interest in a Residual
        Certificate.

       

      Transfer
        Affidavit:
        As
        defined in Section 5.02(c)(ii) of the Trust Agreement.

       

      Transferor
        Certificate:
        As
        defined in Section 5.02(b) of the Trust Agreement.

       

      Trigger
        Event:
        With
        respect to any Distribution Date, the circumstances in which the quotient
        (expressed as a percentage) of (x) the rolling three month average of the
        aggregate unpaid principal balance of the Mortgage Loans that are sixty (60)
        days delinquent or more, including Mortgage Loans in foreclosure, all REO
        properties and Mortgage Loans where the mortgagor has filed for bankruptcy,
        and
        (y) the aggregate unpaid principal balance of the Mortgage Loans, as of the
        last
        day of the related Due Period, equals or exceeds 38.75% of the Senior
        Enhancement Percentage as of the last day of the prior Due Period; or (ii)
        the
        aggregate amount of Realized Losses incurred since the Cut-off Date through
        the
        last day of the related Prepayment Period divided by the aggregate Stated
        Principal Balance of the Mortgage Loans as of the Cut-off Date exceeds the
        applicable percentages described below with respect to such Distribution
        Date:

       

      
        	
                Distribution
                  Date Occurring In

              	 	
                Loss
                  Percentage

              
	
                January
                  2009 - December 2009

              	 	
                0.200%
                  for the first month, plus an additional 1/12th of 0.250% for each
                  month
                  thereafter 

              
	 	 	 
	
                January
                  2010 - December 2010

              	 	
                0.450%
                  for the first month, plus an additional 1/12th of 0.350% for each
                  month
                  thereafter 

              
	 	 	 
	
                January
                  2011 - December 2011

              	 	
                0.800%
                  for the first month, plus an additional 1/12th of 0.350% for each
                  month
                  thereafter 

              
	 	 	 
	
                January
                  2012 - December 2012

              	 	
                1.150%
                  for the first month, plus an additional 1/12th of 0.450% for each
                  month
                  thereafter 

              
	 	 	 
	
                January
                  2013 - December 2013

              	 	
                1.600%
                  for the first month, plus an additional 1/12th of 0.150% for each
                  month
                  thereafter 

              
	 	 	 
	
                January
                  2014 and thereafter

              	 	
                1.750%

              


      

       

      Trust:
        The
        express trust created under Section 2.01(c) of the Trust Agreement.

       

      Trust
        Agreement
        or
Agreement:
        The
        Master Servicing and Trust Agreement as supplemented by these Standard
        Terms.

       

      
        
           

        

        
          33

          
            

          

        

        
           

        

      

      Trust
        Fund:
        The
        corpus of the trust created hereunder consisting of (i) the Mortgage Loans
        and
        all interest and principal received on or with respect thereto after the
        related
        Cut-off Date, other than such amounts which were due on the Mortgage Loans
        on or
        before the related Cut-off Date; (ii) the Excess Reserve Fund Account, the
        Certificate Account, and all amounts deposited therein pursuant to the
        applicable provisions of the Trust Agreement; (iii) property that secured
        a
        Mortgage Loan and has been acquired by foreclosure, deed-in-lieu of foreclosure
        or otherwise; (iv) the rights of the Trustee on behalf of the Trust Fund
        under
        the Step 2 Assignment Agreements (including, without limitation, any rights
        conveyed therein to enforce the obligations of a Relevant Party under the
        respective Sale Agreement (including, without limitation, the rights to enforce
        a Relevant Party’s repurchase obligations with respect to any First Payment
        Default Mortgage Loan, subject to the limitations provided under Section
        2.02 of
        the Trust Agreement)); (v) the rights of the Securities Administrator under
        the
        Interest Rate Swap Agreement; and (vi) all proceeds of the conversion, voluntary
        or involuntary, of any of the foregoing. The Trust Fund created hereunder
        is
        referred to as the GreenPoint Mortgage Funding Trust 2006-OH1. 

       

      Trust
        REMIC:
        As
        specified in the Preliminary Statement.

       

      Trustee:
        Deutsche Bank, and its successors in interest and assigns, and, if a successor
        trustee is appointed hereunder, such successor.

       

      Underwriters’
        Exemption:
        Any
        exemption listed in footnote 1 of, and amended by, Prohibited Transaction
        Exemption 2002-41, 67 Fed. Reg. 54487 (2002), or amended by Prohibited
        Transaction Exemption 2002-19, 67 Fed. Reg. 14979, or any successor
        exemption.

       

      Unpaid
        Interest Amount:
        As of
        any Distribution Date and any Class of Certificates, the sum of (a) the portion
        of the Accrued Certificate Interest Distribution Amount from Distribution
        Dates
        remaining unpaid prior to the current Distribution Date and (b) interest
        on the
        amount in clause (a) at the applicable Pass-Through Rate (to the extent
        permitted by applicable law).

       

      U.S.
        Person:
        (i) A
        citizen or resident of the United States; (ii) a corporation (or entity treated
        as a corporation for tax purposes) created or organized in the United States
        or
        under the laws of the United States or of any State thereof, including, for
        this
        purpose, the District of Columbia; (iii) a partnership (or entity treated
        as a
        partnership for tax purposes) organized in the United States or under the
        laws
        of the United States or of any State thereof, including, for this purpose,
        the
        District of Columbia (unless provided otherwise by future Treasury regulations);
        (iv) an estate whose income is includible in gross income for United States
        income tax purposes regardless of its source; or (v) a trust, if a court
        within
        the United States is able to exercise primary supervision over the
        administration of the trust and one or more U.S. Persons have authority to
        control all substantial decisions of the trust. Notwithstanding the last
        clause
        of the preceding sentence, to the extent provided in Treasury regulations,
        certain trusts in existence on August 20, 1996, and treated as U.S. Persons
        prior to such date, may elect to continue to be U.S. Persons.

       

      Upper-Tier
        Regular Interest:
        As
        described in the Preliminary Statement.

       

      
        
           

        

        
          34

          
            

          

        

        
           

        

      

      Upper-Tier
        REMIC:
        As
        described in the Preliminary Statement.

       

      Voting
        Rights:
        The
        portion of the voting rights of all of the Certificates which is allocated
        to
        any Certificate. As of any date of determination, (a) 1% of all Voting Rights
        shall be allocated to the Class X Certificates, if any (such Voting Rights
        to be
        allocated among the Holders of Certificates of such Class in accordance with
        their respective Percentage Interests), (b) 1% of all Voting Rights shall
        be
        allocated to the Class P Certificates, if any (such Voting Rights to be
        allocated among the Holders of Certificates of such Class in accordance with
        their respective Percentage Interests), and (c) the remaining Voting Rights
        shall be allocated among Holders of the each Class of Offered Certificates
        in
        proportion to the Certificate Balances of their respective Certificates on
        such
        date.

       

      Wells
        Fargo:
        Wells
        Fargo Bank, N.A., a national banking association, and its successors in interest
        and assigns.

       

      
        
           

        

        
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