and familiarity with the particular subject.
RMIC:
Republic Mortgage Insurance Company.
RMIC Policy: The supplemental lender-paid mortgage insurance policy issued by RMIC, Policy No. N02MD10271.
Rule 144A Certificate:
The certificate to be furnished by each purchaser of a Private
Certificate
(which is also a Physical
Certificate) which is a Qualified
Institutional
Buyer as defined under Rule 144A promulgated under the Securities Act,
substantially
in the form set forth as Exhibit F-2 hereto.
S&P:
Standard & Poor's, a division of The McGraw-Hill Companies, Inc., and its successors in interest.
Sarbanes-Oxley
Act: The
Sarbanes-Oxley
Act of 2002 and the rules and regulations of the Commission
promulgated
thereunder
(including any interpretation thereof by the Commission's staff).
Sarbanes-Oxley Certification:
As defined in Section 3.18(a)(iii).
Scheduled
Payment:
With respect to any Mortgage Loan and any Due Period,
the scheduled payment or payments of principal and
interest due during such Due Period on such
Mortgage
Loan which either is payable by a Mortgagor in such Due Period under the related
Mortgage Note or, in the case of REO Property, would otherwise have been payable under the related Mortgage Note.
Scheduled Principal:
The principal portion of any Scheduled Payment.
Securities Act:
The Securities Act of 1933, as amended.
Securities
Administrator:
Wells
Fargo
Bank,
National
Association,
in
its
capacity
as
paying
agent
or
securities
administrator
(as applicable)
hereunder,
or its successor in interest,
or any successor
securities
administrator
or paying agent
appointed as herein provided.
Securities Administrator Information:
As defined in Section 3.18(c).
Securities
Legend:
"THIS
CERTIFICATE
HAS NOT BEEN AND WILL NOT BE REGISTERED
UNDER THE SECURITIES ACT OF 1933, AS AMENDED
(THE
"SECURITIES
ACT"),
OR UNDER ANY STATE
SECURITIES
LAWS. THE HOLDER HEREOF,
BY PURCHASING THIS
CERTIFICATE,
AGREES THAT THIS
CERTIFICATE
MAY BE
REOFFERED,
RESOLD,
PLEDGED
OR
OTHERWISE
TRANSFERRED
ONLY IN
COMPLIANCE
WITH THE
SECURITIES
ACT AND OTHER
APPLICABLE
LAWS AND ONLY (1)
PURSUANT TO RULE 144A UNDER THE
SECURITIES
ACT ("RULE
144A") TO A PERSON
THAT THE HOLDER
REASONABLY
BELIEVES
IS A
QUALIFIED
INSTITUTIONAL
BUYER
WITHIN THE
MEANING OF RULE 144A (A "QIB"),
PURCHASING
FOR ITS OWN
ACCOUNT OR A QIB
PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER HAS INFORMED,
IN EACH CASE,
THAT THE REOFFER,
RESALE,
PLEDGE OR OTHER TRANSFER
IS BEING MADE IN
RELIANCE
ON RULE 144A OR (2) IN
CERTIFICATED
FORM TO AN
"INSTITUTIONAL
ACCREDITED
INVESTOR"
WITHIN THE MEANING
THEREOF IN RULE
501(a)(1),
(2), (3) or (7) OF
REGULATION D UNDER THE ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS COME WITHIN
SUCH
PARAGRAPHS
PURCHASING
NOT FOR
DISTRIBUTION
IN VIOLATION OF THE SECURITIES
ACT,
SUBJECT TO (A) THE RECEIPT BY THE SECURITIES
ADMINISTRATOR OF A LETTER
SUBSTANTIALLY
IN THE FORM PROVIDED IN THE AGREEMENT AND (B) THE RECEIPT BY THE SECURITIES
ADMINISTRATOR OF
SUCH OTHER EVIDENCE
ACCEPTABLE TO THE SECURITIES
ADMINISTRATOR
THAT SUCH REOFFER,
RESALE,
PLEDGE OR TRANSFER IS IN COMPLIANCE WITH
THE SECURITIES ACT AND OTHER
APPLICABLE
LAWS OR IN EACH CASE IN ACCORDANCE
WITH ALL APPLICABLE
SECURITIES LAWS OF THE UNITED STATES
AND ANY