Pooling and Servicing Agreement (2007)Full Document 

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                       CWCapital Commercial Funding Corp.,
                                  as Depositor

                                       and

                      Wachovia Bank, National Association,
                               as Master Servicer

                                       and

                         CWCapital Asset Management LLC,
                               as Special Servicer

                                       and

                             Wells Fargo Bank, N.A.,
                                   as Trustee


                         POOLING AND SERVICING AGREEMENT

                          Dated as of December 1, 2006

                             ----------------------
                                 $2,531,161,488

                 COBALT CMBS Commercial Mortgage Trust 2006-C1,

                 Commercial Mortgage Pass-Through Certificates,

                                 Series 2006-C1



                                TABLE OF CONTENTS


                                    ARTICLE I

                 DEFINITIONS; GENERAL INTERPRETIVE PRINCIPLES

Section 1.01  Defined Terms................................................
Section 1.02  General Interpretive Principles..............................
Section 1.03  Certain Adjustments to the Principal Distributions on the
               Certificates................................................
Section 1.04  Certain Calculations Relating to Mortgage Loans..............


                                   ARTICLE II

    CONVEYANCE OF MORTGAGE LOANS; REPRESENTATIONS AND WARRANTIES; ORIGINAL
                            ISSUANCE OF CERTIFICATES

Section 2.01  Creation of Trust; Conveyance of Mortgage Loans and Loan
               REMIC Interests.............................................
Section 2.02  Acceptance of Trust Fund by Trustee..........................
Section 2.03  Repurchase of Mortgage Loans for Document Defects and
               Breaches of Representations and Warranties..................
Section 2.04  Representations, Warranties and Covenants of the
               Depositor...................................................
Section 2.05 Execution of Certificates; Issuance of Uncertificated
               Lower-Tier Interests........................................
Section 2.06  Acceptance of Grantor Trust Assets by Trustee; Interest
               of the Class P Certificates and the Class IO
               Certificates................................................


                                   ARTICLE III

                ADMINISTRATION AND SERVICING OF THE TRUST FUND

Section 3.01  Administration of the Mortgage Loans.........................
Section 3.02  Collection of Loan Payments..................................
Section 3.03  Collection of Taxes, Assessments and Similar Items;
               Servicing Accounts; Reserve Accounts........................
Section 3.04  Pool Custodial Account, Defeasance Deposit Account,
               Distribution Account, Class AMP-E Interest Reserve
               Account, Interest Reserve Account and Excess Liquidation
               Proceeds Account............................................
Section 3.04A Loan Combination Custodial Account...........................
Section 3.04B Class AMP-E Custodial Account................................
Section 3.05  Permitted Withdrawals From the Pool Custodial Account,
               the Class AMP-E Custodial Account, the Distribution
               Account, the Interest Reserve Account, the Class AMP-E
               Interest Reserve Account and the Excess Liquidation
               Proceeds Account............................................
Section 3.05A Permitted Withdrawals From the Loan Combination Custodial
               Account.....................................................
Section 3.06  Investment of Funds in the Servicing Accounts, the
               Reserve Accounts, the Defeasance Deposit Account, the
               Custodial Accounts and the REO Accounts.....................
Section 3.07  Maintenance of Insurance Policies; Errors and Omissions
               and Fidelity Coverage; Environmental Insurance..............
Section 3.08  Enforcement of Due-on-Sale and Due on Encumbrance
               Provisions..................................................
Section 3.09  Realization Upon Defaulted Loans; Required Appraisals;
               Appraisal Reduction Calculation.............................
Section 3.10  Trustee and Custodian to Cooperate; Release of Mortgage
               Files.......................................................
Section 3.11  Servicing Compensation; Payment of Expenses..................
Section 3.12  Certain Matters Regarding Servicing Advances.................

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