SWAP CONTRACT ADMINISTRATION AGREEMENTSwap Contract Administration Agreement • July 16th, 2007 • CWABS Asset-Backed Certificates Trust 2007-10 • Asset-backed securities • New York
This SWAP CONTRACT ADMINISTRATION AGREEMENT, dated as of June 29, 2007 (this “Agreement”), among THE BANK OF NEW YORK (“BNY”), as Swap Contract Administrator (in such capacity, the “Swap Contract Administrator”) and not in its individual or corporate capacity but solely as Trustee under the Pooling and Servicing Agreement referred to below (in such capacity, the “Trustee”), and COUNTRYWIDE HOME LOANS, INC. (“CHL”).
ISDA® CREDIT SUPPORT ANNEX dated as of June 29, 2007 between BEAR STEARNS FINANCIAL PRODUCTS INC. (hereinafter referred to as “Party A” or “Pledgor”) and COUNTRYWIDE HOME LOANS, INC. (hereinafter referred to as “Party B” or “Secured Party”)Credit Support Annex • July 16th, 2007 • CWABS Asset-Backed Certificates Trust 2007-10 • Asset-backed securities
Each party, as the Pledgor, hereby pledges to the other party, as the Secured Party, as security for its Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder. Upon the Transfer by the Secured Party to the Pledgor of Posted Collateral, the security interest and lien granted hereunder on that Posted Collateral will be released immediately and, to the extent possible, without any further action by either party.
ASSIGNMENT AGREEMENTAssignment Agreement • July 16th, 2007 • CWABS Asset-Backed Certificates Trust 2007-10 • Asset-backed securities • New York
ASSIGNMENT AGREEMENT, dated as of June 29, 2007 (“Assignment Agreement”), among COUNTRYWIDE HOME LOANS, INC. (“Assignor”), THE BANK OF NEW YORK (“Assignee”), not in its individual or corporate capacity but solely as Swap Contract Administrator for CWABS Asset-Backed Certificates Trust 2007-10, pursuant to a Swap Contract Administration Agreement (the “Swap Contract Administration Agreement”) dated as of June 29, 2007, and BEAR STEARNS FINANCIAL PRODUCTS INC. (“Remaining Party”).
