Pooling and Servicing Agreement (2007)Full Document 

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                  WACHOVIA COMMERCIAL MORTGAGE SECURITIES, INC.
                                    Depositor


                                       and


                       WACHOVIA BANK, NATIONAL ASSOCIATION
                                 Master Servicer


                                       and


                               LNR PARTNERS, INC.
                                Special Servicer


                                       and


                             WELLS FARGO BANK, N.A.
                                     Trustee


                         POOLING AND SERVICING AGREEMENT


                          Dated as of December 1, 2006

                         ______________________________

                                 $3,371,274,173


                  Commercial Mortgage Pass-Through Certificates

                                 Series 2006-C29









                               TABLE OF CONTENTS



                                       ARTICLE I

                                      DEFINITIONS

Section 1.01.    Defined Terms..................................................

                                      ARTICLE II

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

Section 2.01.    Conveyance of Mortgage Loans...................................
Section 2.02.    Acceptance of the Trust Fund by Trustee........................
Section 2.03.    Mortgage Loan Seller's Repurchase or Substitution of Mortgage
                  Loans for Document Defects and Breaches of Representations
                  and Warranties................................................
Section 2.04.    Representations and Warranties of Depositor....................
Section 2.05.    Conveyance of Mortgage Loans; Acceptance of REMIC I and
                  Additional Interest Grantor Trust by Trustee..................
Section 2.06.    Issuance of the REMIC I Regular Interests; Execution,
                  Authentication and Delivery of Class R-I Certificates.........
Section 2.07.    Conveyance of REMIC I Regular Interests; Acceptance of
                  REMIC II by Trustee...........................................
Section 2.08.    Execution, Authentication and Delivery of REMIC II
                  Certificates..................................................
Section 2.09.    Execution, Authentication and Delivery of Class Z Certificates.

                                      ARTICLE III

                    ADMINISTRATION AND SERVICING OF THE TRUST FUND

Section 3.01.    Administration of the Mortgage Loans...........................
Section 3.02.    Collection of Mortgage Loan Payments...........................
Section 3.03.    Collection of Taxes, Assessments and Similar Items; Servicing
                  Accounts; Reserve Accounts....................................
Section 3.04.    Certificate Account, Interest Reserve Account, Gain-on-Sale
                  Reserve Account, Additional Interest Account, Distribution
                  Account and Companion Distribution Account....................
Section 3.05.    Permitted Withdrawals from the Certificate Account,
                  Distribution Account, Interest Reserve Account, Additional
                  Interest Account, Gain-on-Sale Reserve Account and Companion
                  Distribution Account..........................................
Section 3.06.    Investment of Funds in the Servicing Accounts, Reserve
                  Accounts, Certificate Account, Interest Reserve Account,
                  Distribution Account, Companion Distribution Account,
                  Additional Interest Account, Gain-on-Sale Reserve Account
                  and REO Account...............................................
Section 3.07.    Maintenance of Insurance Policies; Errors and Omissions and
                  Fidelity Coverage.............................................
Section 3.08.    Enforcement of Alienation Clauses..............................
Section 3.09.    Realization Upon Defaulted Mortgage Loans; Required Appraisals.
Section 3.10.    Trustee and Custodian to Cooperate; Release of Mortgage Files..
Section 3.11.    Servicing Compensation.........................................
Section 3.12.    Property Inspections; Collection of Financial Statements;
                  Delivery of Certain Reports...................................
Section 3.13.    Annual Reports on Assessment of Compliance with Servicing
                  Criteria and Annual Statement as to Compliance................
Section 3.14.    Attestation by Independent Public Accountants..................
Section 3.15.    Access to Certain Information..................................
Section 3.16.    Title to REO Property; REO Account.............................
Section 3.17.    Management of REO Property.....................................
Section 3.18.    Resolution of Defaulted Mortgage Loans and REO Properties......
Section 3.19.    Additional Obligations of Master Servicer and Special Servicer.
Section 3.20.    Modifications, Waivers, Amendments and Consents................
Section 3.21.    Transfer of Servicing Between Master Servicer and Special
                  Servicer; Record Keeping......................................
Section 3.22.    Sub-Servicing Agreements.......................................
Section 3.23.    Representations and Warranties of Master Servicer and Special
                  Servicer......................................................
Section 3.24.    Sub-Servicing Agreement Representation and Warranty............
Section 3.25.    Designation of Controlling Class Representative................
Section 3.26.    Companion Paying Agent.........................................
Section 3.27.    Companion Register.............................................
Section 3.28.    Future Debt Secured by Interests in Related Mortgagors.........
Section 3.29.    Certain Matters Relating to the Future Securitization of the
                  Pari Passu Companion Loans....................................
Section 3.30.    Litigation Control.............................................

                                      ARTICLE IV

                          DISTRIBUTIONS TO CERTIFICATEHOLDERS

Section 4.01.    Distributions..................................................
Section 4.02.    Statements to Certificateholders; CMSA Loan Periodic Update
                  File..........................................................
Section 4.03.    P&I Advances...................................................
Section 4.04.    Allocation of Realized Losses and Additional Trust Fund
                  Expenses; Allocation of Certificate Deferred Interest;
                  Allocation of Appraisal Reduction Amounts.....................
Section 4.05.    Calculations...................................................
Section 4.06.    Use of Agents..................................................

                                       ARTICLE V

                                   THE CERTIFICATES

Section 5.01.    The Certificates...............................................
Section 5.02.    Registration, Transfer and Exchange of Certificates............
Section 5.03.    Book-Entry Certificates........................................
Section 5.04.    Mutilated, Destroyed, Lost or Stolen Certificates..............
Section 5.05.    Persons Deemed Owners..........................................

                                      ARTICLE VI

                    THE DEPOSITOR, THE MASTER SERVICER, THE SPECIAL
                   SERVICER AND THE CONTROLLING CLASS REPRESENTATIVE

Section 6.01.    Liability of Depositor, Master Servicer and Special Servicer...
Section 6.02.    Merger, Consolidation or Conversion of Depositor or Master
                  Servicer or Special Servicer..................................
Section 6.03.    Limitation on Liability of Depositor, Master Servicer and
                  Special Servicer..............................................
Section 6.04.    Resignation of Master Servicer and the Special Servicer........
Section 6.05.    Rights of Depositor and Trustee in Respect of Master Servicer
                  and the Special Servicer......................................
Section 6.06.    Depositor, Master Servicer and Special Servicer to Cooperate
                  with Trustee..................................................
Section 6.07.    Depositor, Special Servicer and Trustee to Cooperate with
                  Master Servicer...............................................
Section 6.08.    Depositor, Master Servicer and Trustee to Cooperate with
                  Special Servicer..............................................
Section 6.09.    Designation of Special Servicer by the Controlling Class and
                  Controlling Holders...........................................
Section 6.10.    Master Servicer or Special Servicer as Owner of a Certificate..
Section 6.11.    The Controlling Class Representative...........................

                                      ARTICLE VII

                                        DEFAULT

Section 7.01.    Events of Default..............................................
Section 7.02.    Trustee to Act; Appointment of Successor.......................
Section 7.03.    Notification to Certificateholders and Companion Holders.......
Section 7.04.    Waiver of Events of Default....................................
Section 7.05.    Additional Remedies of Trustee Upon Event of Default...........

                                     ARTICLE VIII

                                CONCERNING THE TRUSTEE

Section 8.01.    Duties of Trustee..............................................
Section 8.02.    Certain Matters Affecting Trustee..............................
Section 8.03.    Trustee Not Liable for Validity or Sufficiency of Certificates
                  or Mortgage Loans.............................................
Section 8.04.    Trustee May Own Certificates...................................
Section 8.05.    Fees and Expenses of Trustee; Indemnification of Trustee.......
Section 8.06.    Eligibility Requirements for Trustee...........................
Section 8.07.    Resignation and Removal of Trustee.............................
Section 8.08.    Successor Trustee..............................................
Section 8.09.    Merger or Consolidation of Trustee.............................
Section 8.10.    Appointment of Co-Trustee or Separate Trustee..................
Section 8.11.    Appointment of Custodians......................................
Section 8.12.    Appointment of Authenticating Agents...........................
Section 8.13.    Access to Certain Information..................................
Section 8.14.    Appointment of REMIC Administrators............................
Section 8.15.    Representations and Warranties of Trustee......................
Section 8.16.    Appointment of the Paying Agent................................
Section 8.17.    Reports to the Securities and Exchange Commission; Available
                  Information...................................................
Section 8.18.    Maintenance of Mortgage File...................................

                                      ARTICLE IX

                                      TERMINATION

Section 9.01.    Termination Upon Repurchase or Liquidation of All Mortgage
                  Loans.........................................................
Section 9.02.    Additional Termination Requirements............................

                                       ARTICLE X

                               ADDITIONAL TAX PROVISIONS

Section 10.01.   REMIC Administration...........................................
Section 10.02.   Administration of the Additional Interest Grantor Trust........

                                      ARTICLE XI

                               MISCELLANEOUS PROVISIONS

Section 11.01.   Amendment......................................................
Section 11.02.   Recordation of Agreement; Counterparts.........................
Section 11.03.   Limitation on Rights of Certificateholders.....................
Section 11.04.   Governing Law..................................................
Section 11.05.   Notices........................................................
Section 11.06.   Severability of Provisions.....................................
Section 11.07.   Grant of a Security Interest...................................
Section 11.08.   Streit Act.....................................................
Section 11.09.   Successors and Assigns; Beneficiaries..........................
Section 11.10.   Article and Section Headings...................................
Section 11.11.   Notices to Rating Agencies.....................................
Section 11.12.   Complete Agreement.............................................









                                    EXHIBITS

       Exhibit Description         Exhibit No.         Section Reference
       -------------------         -----------         -----------------

Form of Class A-1 Certificate          A-1     Section 1.01 Definition of
                                               "Class A-1 Certificate"

Form of Class A-2 Certificate          A-2     Section 1.01 Definition of
                                               "Class A-2 Certificate"

Form of Class A-3 Certificate          A-3     Section 1.01 Definition of
                                               "Class A-3 Certificate"

Form of Class A-PB  Certificate        A-4     Section 1.01 Definition of
                                               "Class A-PB Certificate"

Form of Class A-4 Certificate          A-5     Section 1.01 Definition of
                                               "Class A-4 Certificate"

Form of Class A-1A Certificate         A-6     Section 1.01 Definition of
                                               "Class A-1A Certificate"

Form of Class IO Certificate           A-7     Section 1.01 Definition of
                                               "Class IO Certificate"

Form of Class A-M Certificate          A-8     Section 1.01 Definition of
                                               "Class A-M Certificate"

Form of Class A-J Certificate          A-9     Section 1.01 Definition of
                                               "Class A-J Certificate"

Form of Class B Certificate           A-10     Section 1.01 Definition of
                                               "Class B Certificate"

Form of Class C Certificate           A-11     Section 1.01 Definition of
                                               "Class C Certificate"

Form of Class D Certificate           A-12     Section 1.01 Definition of
                                               "Class D Certificate"

Form of Class E Certificate           A-13     Section 1.01 Definition of
                                               "Class E Certificate"

Form of Class F Certificate           A-14     Section 1.01 Definition of
                                               "Class F Certificate"

Form of Class G Certificate           A-15     Section 1.01 Definition of
                                               "Class G Certificate"

Form of Class H Certificate           A-16     Section 1.01 Definition of
                                               "Class H Certificate"

Form of Class J Certificate           A-17     Section 1.01 Definition of
                                               "Class J Certificate"

Form of Class K Certificate           A-18     Section 1.01 Definition of
                                               "Class K Certificate"

Form of Class L Certificate           A-19     Section 1.01 Definition of
                                               "Class L Certificate"

Form of Class M Certificate           A-20     Section 1.01 Definition of
                                               "Class M Certificate"

Form of Class N Certificate           A-21     Section 1.01 Definition of
                                               "Class N Certificate"

Form of Class O Certificate           A-22     Section 1.01 Definition of
                                               "Class O Certificate"

Form of Class P Certificate           A-23     Section 1.01 Definition of
                                               "Class P Certificate"

Form of Class Q Certificate           A-24     Section 1.01 Definition of
                                               "Class Q Certificate"

Form of Class R-I  Certificate        A-25     Section 1.01 Definition of
                                               "Class R-I  Certificate"

Form of Class R-II Certificate        A-26     Section 1.01 Definition of
                                               "Class R-II  Certificate"

Form of Class Z Certificate           A-27     Section 1.01 Definition of
                                               "Class Z  Certificate"

Mortgage Loan Schedule                  B      Section 1.01 Definition of
                                               "Mortgage Loan Schedule"

Schedule of Exceptions to              C-1     Section 2.02(a)
  Mortgage File Delivery

Form of Custodial Certification        C-2     Section 2.02(b)

Form of Master Servicer Request        D-1     Section 1.01 Definition of
  for Release                                  "Request for Release";
                                               Section 2.03(b);
                                               Section 3.10(a); and
                                               Section 3.10(b)

Form of Special Servicer Request       D-2     Section 1.01 Definition of
  for Release                                  "Request for Release";
                                               Section 3.10(b)

Calculation of NOI/Debt Service         E      Section 1.01 Definition of "Net
  Coverage Ratios                              Operating Income"

Form of Transferor Certificate         F-1     Section 5.02(b)

Form of Transferee Certificate         F-2     Section 5.02(b)
  for QIBs

Form of Transferee Certificate         F-3     Section 5.02(b)
  for Non-QIBs

Form of Transferee Certificate         F-4     Section 5.02(b)
  for Transfers Pursuant to
  Regulation S

Form of Transferee Certificate         F-5     Section 5.02(b)
  for Exchange or Transfer From
  Domestic Global Certificate to
  Regulation S Global Certificate
  During the Restricted Period

Form of Transferee Certificate         F-6     Section 5.02(b)
  for Exchange or Transfer From
  Domestic Global Certificate to
  Regulation S Global Certificate
  After the Restricted Period

Form of Transferee Certificate          G      Section 5.02(c)

Form of Transfer Affidavit and         H-1     Section 5.02(d)(i)(B)
  Agreement Pursuant to
  Section 5.02(d)(i)(B)

Form of Transferor Certificate         H-2     Section 5.02(d)(i)(D)
  Pursuant to
  Section 5.02(d)(i)(D)

Form of Notice and Acknowledgment      I-1     Section 6.09

Form of Acknowledgment of              I-2     Section 6.09
  Proposed Special Servicer

[Reserved]                              J      [Reserved]

Form of Certificateholder              K-1     Section 1.01 Definition of
  Confirmation Certificate                     "Privileged Person";
  Request by Beneficial Holder                 Section 3.15(a)

Form of Prospective Purchaser          K-2     Section 1.01 Definition of
  Certificate                                  "Privileged Person";
                                               Section 3.15(a)

Initial Companion Holders               L      Section 3.27

Form of Purchase Option Notice          M      Section 3.18(e)

Form of Defeasance Certificate          N      Section 3.20(h)

Form of Depositor Certification         O      Section 8.17(k)(v);
                                               Section 8.17(n)

Form of Trustee Certification           P      Section 8.17(n)

Form of Master Servicer                Q-1     Section 8.17(n)
  Certification

Form of Special Servicer               Q-2     Section 8.17(n)
  Certification

Class A-PB Planned Principal            R      Section 1.01 Definition of
  Balance Schedule                             "Class A-PB Planned Principal
                                               Amount"

Relevant Servicing Criteria             S      Section 1.01 Definition of
                                               "Relevant Servicing Criteria"

[Reserved]                              T      [Reserved]

Additional Form 10-D Disclosure         U      Section 8.17(i)

Additional Disclosure Notification      V      Section 1.01 Definition of
                                               "Additional Disclosure
                                               Notification"; Section 8.17(i)

Additional Form 10-K Disclosure         W      Section 8.17(k)

Form 8-K Disclosure Information         X      Section 8.17(j)

Sub-Servicer List                       Y      Section 3.13(b); Section 3.14;
                                               Section 7.01(a)(xi)

Tenants-in-Common Transfer              Z      Section 3.08(a)(ii)
  Compliance

Officer's Certificate of Master        AA      Section 3.08(a)(ii)
  Servicer re:  Tenants-in-Common
  Approvals








                         POOLING AND SERVICING AGREEMENT

            This Pooling and Servicing Agreement (this "Agreement") is dated and
effective as of December 1, 2006, among WACHOVIA COMMERCIAL MORTGAGE SECURITIES,
INC., as Depositor, WACHOVIA BANK, NATIONAL ASSOCIATION, as Master Servicer, LNR
PARTNERS, INC., as Special Servicer, and WELLS FARGO BANK, N.A., as Trustee.

                             PRELIMINARY STATEMENT:

            The Depositor intends to sell mortgage pass-through certificates
(collectively, the "Certificates"), to be issued hereunder in multiple classes
(each, a "Class"), which in the aggregate will evidence the entire beneficial
ownership interest in a trust fund (the "Trust Fund") to be created hereunder,
the primary assets of which will be the Mortgage Loans.

                                     REMIC I

            As provided herein, the Trustee will elect to treat the segregated
pool of assets consisting of all of the Mortgage Loans (exclusive of that
portion of the interest payments thereon that constitutes Additional Interest)
and certain other related assets subject to this Agreement as a REMIC for
federal income tax purposes, and such segregated pool of assets will be
designated as REMIC I. The Class R-I Certificates will represent the sole class
of "residual interests" in REMIC I for purposes of the REMIC Provisions under
federal income tax law.

                                    REMIC II

            As provided herein, the Trustee will elect to treat the segregated
pool of assets consisting of all of the REMIC I Regular Interests as a REMIC for
federal income tax purposes, and such segregated pool of assets will be
designated as REMIC II. The Class R-II Certificates will evidence the sole class
of "residual interests" in REMIC II for purposes of the REMIC Provisions under
federal income tax law. For federal income tax purposes, each Class of Regular
Certificates will be designated as a separate "regular interest" in REMIC II for
purposes of the REMIC Provisions under federal income tax law.

            The following table sets forth the Class or Component designation,
the original REMIC I Principal Balance for each corresponding REMIC I Regular
Interest (each, a "Corresponding REMIC I Regular Interest"), the Corresponding
Components of the Class IO Certificates (the "Corresponding Components") and the
Original Class Principal Balance for each Class of Sequential Pay Certificates
(the "Corresponding Certificates").







                              Corresponding                        Corresponding
                  Original      REMIC I     Original    REMIC I    Components of
                    Class       Regular      REMIC I     Pass-         Class IO
 Corresponding    Principal    Interests    Principal   Through     Certificates
 Certificates      Balance        (1)        Balance      Rate         (1)
 ------------      -------    -----------   --------    ----------  -----------

Class A-1       $16,720,000      LA-1      $16,720,000     (2)         IO-A-1

Class A-2       $291,336,000     LA-2     $291,336,000     (2)         IO-A-2

Class A-3       $161,040,000     LA-3     $161,040,000     (2)         IO-A-3

Class A-PB      $49,254,000      LA-PB     $49,254,000     (2)        IO-A-PB

Class A-4       $1,142,530,000   LA-4     $1,142,530,000   (2)         IO-A-4

Class A-1A      $699,011,000     LA-1A    $699,011,000     (2)        IO-A-1A

Class A-M       $337,128,000     LA-M     $337,128,000     (2)         IO-A-M

Class A-J       $303,415,000     LA-J     $303,415,000     (2)         IO-A-J

Class B         $25,284,000       LB       $25,284,000     (2)          IO-B

Class C         $33,713,000       LC       $33,713,000     (2)          IO-C

Class D         $29,498,000       LD       $29,498,000     (2)          IO-D

Class E         $46,355,000       LE       $46,355,000     (2)          IO-E

Class F         $37,927,000       LF       $37,927,000     (2)          IO-F

Class G         $37,927,000       LG       $37,927,000     (2)          IO-G

Class H         $33,713,000       LH       $33,713,000     (2)          IO-H

Class J         $37,927,000       LJ       $37,927,000     (2)          IO-J

Class K         $12,642,000       LK       $12,642,000     (2)          IO-K

Class L         $8,428,000        LL       $8,428,000      (2)          IO-L

Class M         $8,428,000        LM       $8,428,000      (2)          IO-M

Class N         $4,214,000        LN       $4,214,000      (2)          IO-N

Class O         $8,429,000        LO       $8,429,000      (2)          IO-O

Class P         $8,428,000        LP       $8,428,000      (2)          IO-P

Class Q         $37,927,173       LQ       $37,927,173     (2)          IO-Q



------------

(1)   Each REMIC I Regular Interest and the Component of the Class IO
      Certificates that correspond to any particular Class of Sequential Pay
      Certificates also correspond to each other and, accordingly, constitute
      the Corresponding REMIC I Regular Interest and the Corresponding Component
      (if any), respectively, with respect to each other.

(2)   The Weighted Average Net Mortgage Rate.

            The portion of the Trust Fund consisting of the Additional Interest
and amounts held from time to time in the Additional Interest Account that
represent Additional Interest shall be treated as a grantor trust (the
"Additional Interest Grantor Trust") for federal income tax purposes. The Class
Z Certificates represent undivided beneficial interests in such Additional
Interest Grantor Trust. As provided herein, the Trustee shall take all actions
necessary to ensure that the portion of the Trust Fund consisting of the
Additional Interest Grantor Trust maintain its status as a "grantor trust" under
federal income tax law and not be treated as part of either REMIC I or REMIC II.

            Each of the mortgage loans referred to in this Agreement as the
Galleria at Tyler Subordinate Companion Loan, the Newport Bluffs Pari Passu
Companion Loan, the Renaissance Tower Office Building Subordinate Companion
Loan, the Dakota Square Mall Subordinate Companion Loan, the Aetna
Building-Fresno, CA Subordinate Companion Loans and the FBI - Albany, NY
Subordinate Companion Loans (each, a "Companion Loan" and, collectively, the
"Companion Loans") are not part of the Trust Fund but are secured by
corresponding Mortgages that secure certain related Mortgage Loans that are
identified on the Mortgage Loan Schedule as the Galleria at Tyler Loan (loan
number 3), the Newport Bluffs Loan (loan number 6), the Renaissance Tower Office
Building Loan (loan number 7), the Dakota Square Mall Loan (loan number 11), the
Aetna Building-Fresno, CA Loan (loan number 50) and the FBI - Albany, NY Loan
(loan number 80) (each, a "Co-Lender Loan" and collectively, the "Co-Lender
Loans") that are part of the Trust Fund.

            The Galleria at Tyler Subordinate Companion Loan is subordinate in
right of entitlement to the Galleria at Tyler Loan. The Newport Bluffs Loan, the
Newport Bluffs Pari Passu Companion Loan and the Newport Bluffs Future Pari
Passu Companion Loan, if advanced, are pari passu in right of entitlement with
each other. The Renaissance Tower Office Building Subordinate Companion Loan is
subordinate in right of entitlement to the Renaissance Tower Office Building
Loan. The Dakota Square Mall Subordinate Companion Loan is subordinate in right
of entitlement to the Dakota Square Mall Loan. The Aetna Building-Fresno, CA
Subordinate Companion Loans are subordinate in right of entitlement to the Aetna
Building-Fresno, CA Loan. The FBI - Albany, NY Subordinate Companion Loans are
subordinate in right of entitlement to the FBI - Albany, NY Loan. As and to the
extent provided herein, each of the Companion Loans (other than the Newport
Bluffs Pari Passu Companion Loan and the Newport Bluffs Future Pari Passu
Companion Loan, if advanced) will be serviced and administered in accordance
with this Agreement. Each of the Newport Bluffs Loan, the Newport Bluffs Pari
Passu Companion Loan and the Newport Bluffs Future Pari Passu Companion Loan, if
advanced, will be serviced and administered in accordance with the pooling and
servicing agreement (the "2006-C28 Pooling and Servicing Agreement"), dated as
of October 1, 2006, by and among Wachovia Commercial Mortgage Securities, Inc.,
as depositor (the "2006-C28 Depositor"), Wachovia Bank, National Association, as
master servicer (the "2006-C28 Master Servicer"), CWCapital Asset Management
LLC, as special servicer (the "2006-C28 Special Servicer"), Wells Fargo Bank,
N.A., as trustee (the "2006-C28 Trustee") and U.S. Bank National Association, as
co-trustee (the "2006-C28 Co-Trustee"), pursuant to which the Wachovia Bank
Commercial Mortgage Trust Commercial Mortgage Pass Through Certificates, Series
2006-C28 were issued and the trust fund (the "2006-C28 Trust Fund") was created.
Amounts attributable to the Companion Loans will not be assets of the Trust Fund
and will be owned by the Companion Holders.

            In consideration of the mutual agreements herein contained, the
Depositor, the Master Servicer, the Special Servicer and the Trustee agree as
follows:

                                   ARTICLE I

                                   DEFINITIONS

            Section 1.01  Defined Terms.

            Whenever used in this Agreement, including in the Preliminary
Statement, the following words and phrases, unless the context otherwise
requires, shall have the meanings specified in this Article.

            "2006-C28 Co-Trustee": As defined in the Preliminary Statement.

            "2006-C28 Controlling Class Representative": The "Controlling Class
Representative" as defined in the 2006-C28 Pooling and Servicing Agreement.

            "2006-C28 Depositor": As defined in the Preliminary Statement.

            "2006-C28 Majority Subordinate Certificateholder": The "Majority
Subordinate Certificateholder" as defined in the 2006-C28 Pooling and Servicing
Agreement.

            "2006-C28 Master Servicer": As defined in the Preliminary Statement.

            "2006-C28 Mortgage Loan Purchase Agreement": The "Mortgage Loan
Purchase Agreement" as defined in the 2006-C28 Pooling and Servicing Agreement.

            "2006-C28 Pooling and Servicing Agreement": As defined in the
Preliminary Statement.

            "2006-C28 Serviced Mortgage Loan": The Newport Bluffs Loan.

            "2006-C28 Special Servicer": As defined in the Preliminary
Statement.

            "2006-C28 Trust Fund": As defined in the Preliminary Statement.

            "2006-C28 Trustee": As defined in the Preliminary Statement.

            "30/360 Basis": The accrual of interest calculated on the basis of a
360-day year consisting of twelve 30-day months.

            "Accrued Certificate Interest": With respect to any Class of Regular
Certificates (other than the Class IO Certificates) for any Distribution Date,
one month's interest at the Pass-Through Rate applicable to such Class of
Certificates, for such Distribution Date, accrued for the related Interest
Accrual Period on the related Class Principal Balance outstanding immediately
prior to such Distribution Date; and, with respect to the Class IO Certificates
for any Distribution Date, the sum of the Accrued Component Interest for the
related Interest Accrual Period for all of their respective Components for such
Distribution Date. Accrued Certificate Interest shall be calculated on a 30/360
Basis and, with respect to any Class of Regular Certificates for any
Distribution Date, shall be deemed to accrue during the calendar month preceding
the month in which such Distribution Date occurs.

            "Accrued Component Interest": With respect to each Component of the
Class IO Certificates for any Distribution Date, one month's interest at the
Class IO Strip Rate applicable to such Component for such Distribution Date,
accrued on the Component Notional Amount of such Component outstanding
immediately prior to such Distribution Date. Accrued Component Interest shall be
calculated on a 30/360 Basis and, with respect to any Component and any
Distribution Date, shall be deemed to accrue during the calendar month preceding
the month in which such Distribution Date occurs.

            "Acquisition Date": With respect to any REO Property, the first day
on which such REO Property is considered to be acquired by the Trust Fund within
the meaning of Treasury Regulations Section 1.856-6(b)(1), which is the first
day on which the Trust Fund is treated as the owner of such REO Property for
federal income tax purposes.

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