ASSIGNMENT AGREEMENT
UBS AG has entered into the transaction listed on Attachment 1 hereto with Reference Number 37541849 (the "Old Transaction") with UBS Real Estate Securities, Inc. ("UBS Real Estate").
For valuable consideration, receipt of which is hereby acknowledged, UBS Real Estate hereby assigns, transfers and sets over effective 16 January 2007 unto Mortgage Asset Securitization Transactions Inc. ("MASTR"), without recourse all of its rights, title and interest in and to the Old Transaction and UBS Real Estate hereby gives MASTR and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part thereof, and to prosecute or withdraw any suits or proceedings therefore. UBS AG hereby consents to the assignment of the Old Transaction to MASTR as herein provided.
Upon the effectiveness of such assignment, for valuable consideration, receipt of which is hereby acknowledged, MASTR hereby assigns, transfers and sets over effective 16 January 2007 unto Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Adjustable Rate Mortgages Trust 2007-1, Mortgage Pass-Through Certificates, Series 2007-1 (the "Trust") without recourse, all of its rights, title and interest in and to the Old Transaction (as so assigned and transferred, referenced by UBS AG as a new transaction with Reference Number 37545673, as listed on Attachment 2 hereto and referred to as the "New Transaction") and MASTR hereby gives the Trust and its assigns full power and authority for its or their own uses and benefit, but at its or their own cost, to demand, collect, receive and give acquittance for the same or any part of thereof, and to prosecute or withdraw any suits or proceedings therefor. UBS AG hereby consents to the assignment of the New Transaction to the Trust as herein provided, with the understanding that the provisions labeled "Additional Provisions" in the confirmation relating to the New Transaction shall become effective upon the assignment to the Trust.
Each party hereby represents and warrants to the other that the execution, delivery and performance of this Assignment Agreement by it are within its powers, and have been duly authorized by all necessary corporate or other action and that this Assignment Agreement constitutes its legal, valid and binding obligation.
This Assignment Agreement shall be governed by and construed and interpreted in accordance with the laws of the State of New York without regards to the conflict of law provisions thereof, other than New York General Obligations Law Section 5-1401 and 5-1402.
UBS AG Ref Transaction 1: 37541849
UBS AG Ref Transaction 2: 37545673
Re: MARM 2007-1 Interest Rate Swap Transaction
IN WITNESS WHEREOF, the parties have duly executed this Assignment Agreement as of the date first written above.
UBS AG
UBS REAL ESTATE SECURITIES, INC.
By: /s/ Xxxxxxxxxxx Xxxxxx
By: /s/ Xxxxx Xxxx
Name: Xxxxxxxxxxx Xxxxxx
Name: Xxxxx Xxxx
Title: Director
Title: Associate Director
By: /s/ Xxxxxxxx XxXxxxxx
By: /s/ Xxxxxx Xxxxx
Name: Xxxxxxxx XxXxxxxx
Name: Xxxxxx Xxxxx
Title: Associate Director
Title: Associate Director
MORTGAGE ASSET SECURITIZATION
Xxxxx Fargo Bank, N.A., not individually, but
TRANSACTIONS INC.
solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Adjustable Rate Mortgages Trust 2007-1, Mortgage Pass-Through Certificates, Series 2007-1
By: /s/ Xxxxxx Xxxxx
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx Xxxxx
Name: Xxxxxx X. Xxxxxxx
Title: Associate Director
Title: Assistant Vice President
By: /s/ Xxxxxxxxxxx X. Xxxxxxx
Name: Xxxxxxxxxxx X. Xxxxxxx
Title: Director
Attachment 1
![[f37545673interestrateswap001.jpg]](https://www.sec.gov/Archives/edgar/data/1379905/000116231807000137/f37545673interestrateswap001.jpg){kind=small}
Date:
16 January 2007
To:
UBS Real Estate Securities, Inc. ("Counterparty")
Attn:
Swaps Administration
From:
UBS AG, London Branch ("UBS AG")
Subject:
Interest Rate Swap Transaction
UBS AG Ref: 37541849
Dear Sirs,
The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the Master Agreement or Agreement specified below.
The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, Inc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern.
If you and we are parties to a master agreement that governs transactions of this type (whether in the form of the ISDA Master Agreement (Multicurrency-Cross Border)(the "ISDA Form") or any other form (a "Master Agreement"), then this Confirmation will supplement, form a part of, and be subject to that Master Agreement. If you and we are not parties to such a Master Agreement, then you and we agree to use all reasonable efforts promptly to negotiate, execute and deliver an agreement in the form of the ISDA Form, with such modifications as you and we will in good faith agree. Upon the execution by you and us of such an agreement, this Confirmation will supplement, form a part of and be subject to and governed by that agreement, except as expressly modified below. Until we execute and deliver that agreement, this Confirmation, together with all other documents referring to the ISDA Form (each a "Confirmation") confirming transactions (each a "Transaction") entered into between us (notwithstanding anything to the contrary in a confirmation), shall supplement, form a part of, and be subject to an agreement in the form of the ISDA Form as if we had executed an agreement in such form (but without any Schedule except for the election of the laws of New York as the Governing Law and U.S. Dollars as the Termination Currency) on the Trade Date of the first Transaction between us (hereinafter the "Agreement"). In the event of any inconsistency between the provisions of any such Agreement and this Confirmation, this Confirmation will prevail for the purposes of this Transaction.
The terms of the particular Swap Transaction to which this Confirmation relates are as follows:
Fee: UBS AG. will pay Counterparty the sum of USD 305,000.00 on the 16th of January 2007
General Terms
Trade Date:
16 January 2007
Effective Date:
16 January 2007
Termination Date:
25 December 2016
Calculation Agent:
UBS AG, unless otherwise stated in the Schedule to the Master Agreement.
Calculation Agent:
Business Days:
Calculation Amount:
Initially USD 389,939,000.00, amortizing as per Amortizing Schedule Below.
Broker
None
Amortization Schedule
Period From | Period To | Calculation Amount (USD) |
Effective Date | 25 Jan 2007 | 389,939,000.00 |
25 Jan 2007 | 25 Feb 2007 | 387,478,000.00 |
25 Feb 2007 | 25 Mar 2007 | 385,033,000.00 |
25 Mar 2007 | 25 Apr 2007 | 382,605,000.00 |
25 Apr 2007 | 25 May 2007 | 380,193,000.00 |
25 May 2007 | 25 Jun 2007 | 377,798,000.00 |
25 Jun 2007 | 25 Jul 2007 | 375,419,000.00 |
25 Jul 2007 | 25 Aug 2007 | 373,055,000.00 |
25 Aug 2007 | 25 Sep 2007 | 370,708,000.00 |
25 Sep 2007 | 25 Oct 2007 | 368,376,000.00 |
25 Oct 2007 | 25 Nov 2007 | 366,061,000.00 |
25 Nov 2007 | 25 Dec 2007 | 363,760,000.00 |
25 Dec 2007 | 25 Jan 2008 | 361,475,000.00 |
25 Jan 2008 | 25 Feb 2008 | 359,206,000.00 |
25 Feb 2008 | 25 Mar 2008 | 356,952,000.00 |
25 Mar 2008 | 25 Apr 2008 | 354,713,000.00 |
25 Apr 2008 | 25 May 2008 | 352,489,000.00 |
25 May 2008 | 25 Jun 2008 | 350,280,000.00 |
25 Jun 2008 | 25 Jul 2008 | 348,085,000.00 |
25 Jul 2008 | 25 Aug 2008 | 345,906,000.00 |
25 Aug 2008 | 25 Sep 2008 | 343,741,000.00 |
25 Sep 2008 | 25 Oct 2008 | 341,590,000.00 |
25 Oct 2008 | 25 Nov 2008 | 339,454,000.00 |
25 Nov 2008 | 25 Dec 2008 | 337,332,000.00 |
25 Dec 2008 | 25 Jan 2009 | 335,225,000.00 |
25 Jan 2009 | 25 Feb 2009 | 333,131,000.00 |
25 Feb 2009 | 25 Mar 2009 | 331,052,000.00 |
25 Mar 2009 | 25 Apr 2009 | 328,986,000.00 |
25 Apr 2009 | 25 May 2009 | 326,935,000.00 |
25 May 2009 | 25 Jun 2009 | 324,896,000.00 |
25 Jun 2009 | 25 Jul 2009 | 322,872,000.00 |
25 Jul 2009 | 25 Aug 2009 | 320,861,000.00 |
25 Aug 2009 | 25 Sep 2009 | 318,863,000.00 |
25 Sep 2009 | 25 Oct 2009 | 316,879,000.00 |
25 Oct 2009 | 25 Nov 2009 | 314,908,000.00 |
25 Nov 2009 | 25 Dec 2009 | 312,950,000.00 |
25 Dec 2009 | 25 Jan 2010 | 311,005,000.00 |
25 Jan 2010 | 25 Feb 2010 | 309,074,000.00 |
25 Feb 2010 | 25 Mar 2010 | 307,155,000.00 |
25 Mar 2010 | 25 Apr 2010 | 305,248,000.00 |
25 Apr 2010 | 25 May 2010 | 303,355,000.00 |
25 May 2010 | 25 Jun 2010 | 301,474,000.00 |
25 Jun 2010 | 25 Jul 2010 | 299,605,000.00 |
25 Jul 2010 | 25 Aug 2010 | 297,749,000.00 |
25 Aug 2010 | 25 Sep 2010 | 295,905,000.00 |
25 Sep 2010 | 25 Oct 2010 | 294,073,000.00 |
25 Oct 2010 | 25 Nov 2010 | 292,254,000.00 |
25 Nov 2010 | 25 Dec 2010 | 290,446,000.00 |
25 Dec 2010 | 25 Jan 2011 | 288,651,000.00 |
25 Jan 2011 | 25 Feb 2011 | 286,867,000.00 |
25 Feb 2011 | 25 Mar 20.11 | 285,096,000.00 |
25 Mar 2011 | 25 Apr 2011 | 283,336,000.00 |
25 Apr 2011 | 25 May 2011 | 281,587,000.00 |
25 May 2011 | 25 Jun 2011 | 279,850,000.00 |
25 Jun 2011 | 25 Jul 2011 | 278,125,000.00 |
25 Jul 2011 | 25 Aug 2011 | 276,411,000.00 |
25 Aug 2011 | 25 Sep 2011 | 274,708,000.00 |
25 Sep 2011 | 25 Oct 2011 | 273,017,000.00 |
25 Oct 2011. | 25 Nov 2011 | 271,337,000.00 |
25 Nov 2011 | 25 Dec 2011 | 269,667,000.00 |
25 Dec 2011 | 25 Jan 2012 | 268,009,000.00 |
25 Jan 2012 | 25 Feb 2012 | 266,362,000.00 |
25 Feb 2012 | 25 Mar 2012 | 263,472,000.00 |
25 Mar 2012 | 25 Apr 2012 | 255,394,000.00 |
25 Apr 2012 | 25 May 2012 | 247,617,000.00 |
25 May 2012 | 25 Jun 2012 | 240,131,000.00 |
25 Jun 2012 | 25 Jul 2012 | 214,734,000.00 |
25 Jul 2012 | 25 Aug 2012 | 208,249,000.00 |
25 Aug 2012 | 25 Sep 2012 | 202,005,000.00 |
25 Sep 2012 | 25 Oct 2012 | 195,994,000.00 |
25 Oct 2012 | 25 Nov 2012 | 190,206,000.00 |
25 Nov 2012 | 25 Dec 2012 | 184,617,000.00 |
25 Dec 2012 | 25 Jan 2013 | 165,796,000.00 |
25 Jan 2013 | 25 Feb 2013 | 160,890,000.00 |
25 Feb 2013 | 25 Mar 2013 | 156,157,000.00 |
25 Mar 2013 | 25 Apr 2013 | 151,590,000.00 |
25 Apr 2013 | 25 May 2013 | 147,171,000.00 |
25 May 2013 | 25 Jun 2013 | 142,905,000.00 |
25 Jun 2013 | 25 Jul 2013 | 125,980,000.00 |
25 Jul 2013 | 25 Aug 2013 | 122,007,000.00 |
25 Aug 2013 | 25 Sep 2013 | 118,170,000.00 |
25 Sep 2013 | 25 Oct 2013 | 114,466,000.00 |
25 Oct 2013 | 25 Nov 2013 | 110,891,000.00 |
25 Nov 2013 | 25 Dec 2013 | 107,437,000.00 |
25 Dec 2013 | 25 Jan 2014 | 94,211,000.00 |
25 Jan 2014 | 25 Feb 2014 | 90,976,000.00 |
25 Feb 2014 | 25 Mar 2014 | 87,853,000.00 |
25 Mar 2014 | 25 Apr 2014 | 84,839,000.00 |
25 Apr 2014 | 25 May 2014 | 81,930,000.00 |
25 May 2014 | 25 Jun 2014 | 79,123,000.00 |
25 Jun 2014 | 25 Jul 2014 | 76,413,000.00 |
25 Jul 2014 | 25 Aug 2014 | 73,797,000.00 |
25 Aug 2014 | 25 Sep 2014 | 71,273,000.00 |
25 Sep 2014 | 25 Oct 2014 | 68,836,000.00 |
25 Oct 2014 | 25 Nov 2014 | 66,484,000.00 |
25 Nov 2014 | 25 Dec 2014 | 64,214,000.00 |
25 Dec 2014 | 25 Jan 2015 | 62,020,000.00 |
25 Jan 2015 | 25 Feb 2015 | 59,903,000.00 |
25 Feb 2015 | 25 Mar 2015 | 57,859,000.00 |
25 Mar 2015 | 25 Apr 2015 | 55,887,000.00 |
25 Apr 2015 | 25 May 2015 | 53,982,000.00 |
25 May 2015 | 25 Jun 2015 | 52,144,000.00 |
25 Jun 2015 | 25 Jul 2015 | 50,369,000.00 |
25 Jul 2015 | 25 Aug 2015 | 48,656,000.00 |
25 Aug 2015 | 25 Sep 2015 | 11,337,000.00 |
25 Sep 2015 | 25 Oct 2015 | 10,870,000.00 |
25 Oct 2015 | 25 Nov 2015 | 10,427,000.00 |
25 Nov 2015 | 25 Dec 2015 | 10,005,000.00 |
25 Dec 2015 | 25 Jan 2016 | 9,604,000.00 |
25 Jan 2016 | 25 Feb 2016 | 9,221,000.00 |
25 Feb 2016 | 25 Mar 2016 | 8,857,000.00 |
25 Mar 2016 | 25 Apr 2016 | 8,510,000.00 |
25 Apr 2016 | 25 May 2016 | 8,178,000.00 |
25 May 2016 | 25 Jun 2016 | 7,863,000.00 |
25 Jun 2016 | 25 Jul 2016 | 7,561,000.00 |
25 Jul 2016 | 25 Aug 2016 | 7,273,000.00 |
25 Aug 2016 | 25 Sep 2016 | 6,998,000.00 |
25 Sep 2016 | 25 Oct 2016 | 6,735,000.00 |
25 Oct 2016 | 25 Nov 2016 | 6,484,000.00 |
25 Nov 2016 | Termination Date | 6,235,000.00 |
With respect to the Floating Rate Payer Calculation Periods, the dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day Convention. With respect to the Fixed Rate Payer Calculation Periods, the dates in the above schedule will be subject to No Adjustment.
Fixed Amounts
Fixed Rate Payer:
Counterparty
Fixed Rate:
Initially 8.82 percent per annum, amortizing as per Fixed Rate Schedule below
Fixed Rate Day Count Fraction:
30/360
Fixed Rate Payer Payment Dates:
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 January 2007, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period
Business Day Convention:
Modified Following
Fixed Rate Schedule
Period From | Period To | Fixed Rate (per annum) |
Effective Date | 25-Jan-07 | 8.820% |
25-Jan-07 | 25-Feb-07 | 9.207% |
25-Feb-07 | 25-Mar-07 | 8.486% |
25-Mar-07 | 25-Apr-07 | 8.812% |
25-Apr-07 | 25-May-07 | 8.584% |
25-May-07 | 25-Jun-07 | 8.737% |
25-Jun-07 | 25-Jul-07 | 8.331% |
25-Jul-07 | 25-Aug-07 | 8.829% |
25-Aug-07 | 25-Sep-07 | 8.099% |
25-Sep-07 | 25-Oct-07 | 8.196% |
25-Oct-07 | 25-Nov-07 | 8.403% |
25-Nov-07 | 25-Dec-07 | 8.023% |
25-Dec-07 | 25-Jan-08 | 7.968% |
25-Jan-08 | 25-Feb-08 | 7.843% |
25-Feb-08 | 25-Mar-08 | 7.486% |
25-Mar-08 | 25-Apr-08 | 7.815% |
25-Apr-08 | 25-May-08 | 7.943% |
25-May-08 | 25-Jun-08 | 7.438% |
25-Jun-08 | 25-Jul-08 | 7.118% |
25-Jul-08 | 25-Aug-08 | 7.254% |
25-Aug-08 | 25-Sep-08 | 6.353% |
25-Sep-08 | 25-Dec-08 | 6.000% |
25-Dec-08 | 25-Jan-09 | 5.005% |
25-Jan-09 | 25-Oct-09 | 4.250% |
25-Oct-09 | 25-Dec-09 | 4.000% |
25-Dec-09 | 25-Dec-10 | 3.500% |
25-Dec-10 | 25-Dec-11 | 2.500% |
25-Dec-11 | 25-Sep-12 | 2.750% |
25-Sep-12 | 25-Dec-13 | 3.000% |
25-Dec-13 | Termination Date | 3.500% |
Floating Amounts
Floating Rate Payer:
UBS AG
Floating Rate Option:
USD-LIBOR-BBA
Designated Maturity:
One month, with exception to the Initial Floating Rate where Linear Interpolation shall apply
Floating Rate Day Count Fraction:
Actual/360
Spread:
None
Floating Rate Payer Period End Dates:
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 January 2007, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below
Floating Rate Payer Payment Dates:
Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date.
Reset Dates:
First day of each Calculation Period
Business Day Convention:
Modified Following
Compounding:
Inapplicable
Relationship Between Parties
Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):
(a)
Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into this Transaction and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction.
(b)
Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction.
(c)
Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction.
References in this clause to "a party" shall, in the case of UBS AG, London Branch and where the context so allows, include references to any affiliate of UBS AG, London Branch
Account Details
Currency:
USD
Correspondent Bank:
UBS AG, XXXXXXXX BRANCH
Swift Address:
XXXXXX00XXX
Favour:
UBS AG LONDON BRANCH
Swift Address:
XXXXXX0XXXX
Account No:
101-wa-140007-000
Further Credit To:
Swift Address:
Account No:
Offices
(a)
The office of UBS AG for the Swap Transaction is London; and
(b)
The office of the Counterparty for the Swap Transaction is New York.
Contact Names at UBS AG |
|
|
Payment Inquiries | Elisa Doctor | Email: |
|
| DL-USOTCRATES-SETTS@ubs. |
Pre Value Payments: | Pre Value Payment Investigations: | corn 203.719-1110 |
Post Value Payments: | Post Value Payment Investigations: | 203.719.1110 |
Confirmation Queries: | Confirmation Control: | 203.719.3733 |
ISDA Documentation: | Legal | 000.000.0000 |
Swift: Fax: | UBSWGB2L (00) 00 0000 0000/2990 |
|
Address: | UBS AG 000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX |
|
Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which Ietter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached.
Yours Faithfully
For and on Behalf of UBS AG, London Branch
By: /s/ Xxxxxxxxxxx Xxxxxx
By: /s/ Xxxxxxxx McTeman
Name: Xxxxxxxxxxx Xxxxxx
Name: Xxxxxxxx McTeman
Title: Associate Director
Title: Associate Director
Acknowledged and Agreed by UBS Real Estate Securities, Inc. as of the date first written above:
By: /s/ Xxxxx Xxxx
By: /s/ Xxxxxx Xxxxx
Name: Xxxxx Xxxx
Name: Xxxxxx Xxxxx
Title: Associate Director
Title: Associate Director
UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX
UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority.
Representatives of UBS Limited introduce trades to UBS AG via UBS Limited
Attachment 2
![[f37545673interestrateswap002.jpg]](https://www.sec.gov/Archives/edgar/data/1379905/000116231807000137/f37545673interestrateswap002.jpg){kind=small}
Date:
16 January 2007
To:
Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Adjustable Rate Mortgages Trust 2007-1, Mortgage Pass-Through Certificates, Series 2007-1 ("Counterparty")
Attn:
Client Manager MARM 2007-1
From:
UBS AG, London Branch ("UBS AG")
Subject:
Interest Rate Swap Transaction
UBS AG Ref: 37545673
Dear Sirs,
The purpose of this communication is to confirm the terms and conditions of the Transaction entered into between us on the Trade Date specified below. This Confirmation constitutes a "Confirmation" as referred to in the Master Agreement or Agreement specified below.
The definitions contained in the 2000 ISDA Definitions as published by the International Swaps and Derivatives Association, 1nc., are incorporated into this Confirmation. In the event of any inconsistency between any of the definitions listed above and this Confirmation, this Confirmation will govern.
This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement dated as of 16 January 2007 as amended and supplemented from time to time (the "Agreement"), between Counterparty and UBS AG. All provisions contained in the Agreement govern this Confirmation except as expressly modified below.
The terms of the particular Swap Transaction to which this Confirmation relates are as follows:
General Terms |
|
|
|
Trade Date: Effective Date: Termination Date: Calculation Agent: Business Days: Calculation Amount: Broker: |
| 16 January 2007 16 January 2007 25 December 2016 UBS AG, unless otherwise stated in the Schedule to the Master Agreement. Initially USD 1,559,756.00, amortizing as per Amortizing Schedule below None |
|
Amortization Schedule
Period From | Period To | Calculation Amount (USD) |
|
Effective Date | 25 Jan 2007 | 1,559,756.00 |
|
25 Jan 2007 | 25 Feb 2007 | 1,549,912.00 |
|
25 Feb 2007 | 25 Mar 2007 | 1,540,132.00 |
|
25 Mar 2007 | 25 Apr 2007 | 1,530,420.00 |
|
25 Apr 2007 | 25 May 2007 | 1,520,772.00 |
|
25 May 2007 | 25 Jun 2007 | 1,511,192.00 |
|
25 Jun 2007 | 25 Jul 2007 | 1,501,676.00 |
|
25 Jul 2007 | 25 Aug 2007 | 1,492,220.00 |
|
25 Aug 2007 | 25 Sep 2007 | 1,482,832.00 |
|
25 Sep 2007 | 25 Oct 2007 | 1,473,504.00 |
|
25 Oct 2007 | 25 Nov 2007 | 1,464,244.00 |
|
25 Nov 2007 | 25 Dec 2007 | 1,455,040.00 |
|
25 Dec 2007 | 25 Jan 2008 | 1,445,900.00 |
|
25 Jan 2008 | 25 Feb 2008 | 1,436,824.00 |
|
25 Feb 2008 | 25 Mar 2008 | 1,427,808.00 |
|
25 Mar 2008 | 25 Apr 2008 | 1,418,852.00 |
|
25 Apr 2008 | 25 May 2008 | 1,409,956.00 |
|
25 May 2008 | 25 Jun 2008 | 1,401,120.00 |
|
25 Jun 2008 | 25 Jul 2008 | 1,392,340.00 |
|
25 Jul 2008 | 25 Aug 2008 | 1,383,624.00 |
|
25 Aug 2008 | 25 Sep 2008 | 1,374,964.00 |
|
25 Sep 2008 | 25 Oct 2008 | 1,366,360.00 |
|
25 Oct 2008 | 25 Nov 2008 | 1,357,816.00 |
|
25 Nov 2008 | 25 Dec 2008 | 1,349,328.00 |
|
25 Dec 2008 | 25 Jan 2009 | 1,340,900.00 |
|
25 Jan 2009 | 25 Feb 2009 | 1,332,524.00 |
|
25 Feb 2009 | 25 Mar 2009 | 1,324,208.00 |
|
25 Mar 2009 | 25 Apr 2009 | 1,315,944.00 |
|
25 Apr 2009 | 25 May 2009 | 1,307,740.00 |
|
25 May 2009 | 25 Jun 2009 | 1,299,584.00 |
|
25 Jun 2009 | 25 Jul 2009 | 1,291,488.00 |
|
25 Jul 2009 | 25 Aug 2009 | 1,283,444.00 |
|
25 Aug 2009 | 25 Sep 2009 | 1,275,452.00 |
|
25 Sep 2009 | 25 Oct 2009 | 1,267,516.00 |
|
25 Oct 2009 | 25 Nov 2009 | 1,259,632.00 |
|
25 Nov 2009 | 25 Dec 2009 | 1,251,800.00 |
|
25 Dec 2009 | 25 Jan 2010 | 1,244,020.00 |
|
25 Jan 2010 | 25 Feb 2010 | 1,236,296.00 |
|
25 Feb 2010 | 25 Mar 2010 | 1,228,620.00 |
|
25 Mar 2010 | 25 Apr 2010 | 1,220,992.00 |
|
25 Apr 2010 | 25 May 2010 | 1,213,420.00 |
|
25 May 2010 | 25 Jun 2010 | 1,205,896.00 |
|
25 Jun 2010 | 25 Jul 2010 | 1,198,420.00 |
|
25 Jul 2010 | 25 Aug 2010 | 1,190,996.00 |
|
25 Aug 2010 | 25 Sep 2010 | 1,183,620.00 |
|
25 Sep 2010 | 25 Oct 2010 | 1,176,292.00 |
|
25 Oct 2010 | 25 Nov 2010 | 1,169,016.00 |
|
25 Nov 2010 | 25 Dec 2010 | 1,161,784.00 |
|
25 Dec 2010 | 25 Jan 2011 | 1,154,604.00 |
|
25 Jan 2011 | 25 Feb 2011 | 1,147,468.00 |
|
25 Feb 2011 | 25 Mar 2011 | 1,140,384.00 |
|
25 Mar 2011 | 25 Apr 2011 | 1,133,344.00 |
|
25 Apr 2011 | 25 May 2011 | 1,126,348.00 |
|
25 May 2011 | 25 Jun 2011 | 1,119,400.00 |
|
25 Jun 2011 | 25 Jul 2011 | 1,112,500.00 |
|
25 Jul 2011 | 25 Aug 2011 | 1,105,644.00 |
|
25 Aug 2011 | 25 Sep 2011 | 1,098,832.00 |
|
25 Sep 2011 | 25 Oct 2011 | 1,092,068.00 |
|
25 Oct 2011 | 25 Nov 2011 | 1,085,348.00 |
|
25 Nov 2011 | 25 Dec 2011 | 1,078,668.00 |
|
25 Dec 2011 | 25 Jan 2012 | 1,072,036.00 |
|
25 Jan 2012 | 25 Feb 2012 | 1,065,448.00 |
|
25 Feb 2012 | 25 Mar 2012 | 1,053,888.00 |
|
25 Mar 2012 | 25 Apr 2012 | 1,021,576.00 |
|
25 Apr 2012 | 25 May 2012 | 990,468.00 |
|
25 May 2012 | 25 Jun 2012 | 960,524.00 |
|
25 Jun 2012 | 25 Jul 2012 | 858,936.00 |
|
25 Jul 2012 | 25 Aug 2012 | 832,996.00 |
|
25 Aug 2012 | 25 Sep 2012 | 808,020.00 |
|
25 Sep 2012 | 25 Oct 2012 | 783,976.00 |
|
25 Oct 2012 | 25 Nov 2012 | 760,824.00 |
|
25 Nov 2012 | 25 Dec 2012 | 738,468.00 |
|
25 Dec 2012 | 25 Jan 2013 | 663,184.00 |
|
25 Jan 2013 | 25 Feb 2013 | 643,560.00 |
|
25 Feb 2013 | 25 Mar 2013 | 624,628.00 |
|
25 Mar 2013 | 25 Apr 2013 | 606,360.00 |
|
25 Apr 2013 | 25 May 2013 | 588,684.00 |
|
25 May 2013 | 25 Jun 2013 | 571,620.00 |
|
25 Jun 2013 | 25 Jul 2013 | 503,920.00 |
|
25 Jul 2013 | 25 Aug 2013 | 488,028.00 |
|
25 Aug 2013 | 25 Sep 2013 | 472,680.00 |
|
25 Sep 2013 | 25 Oct 2013 | 457,864.00 |
|
25 Oct 2013 | 25 Nov 2013 | 443,564.00 |
|
25 Nov 2013 | 25 Dec 2013 | 429,748.00 |
|
25 Dec 2013 | 25 Jan 2014 | 376,844.00 |
|
25 Jan 2014 | 25 Feb 2014 | 363,904.00 |
|
25 Feb 2014 | 25 Mar 2014 | 351,412.00 |
|
25 Mar 2014 | 25 Apr 2014 | 339,356.00 |
|
25 Apr 2014 | 25 May 2014 | 327,720.00 |
|
25 May 2014 | 25 Jun 2014 | 316,492.00 |
|
25 Jun 2014 | 25 Jul 2014 | 305,652.00 |
|
25 Jul 2014 | 25 Aug 2014 | 295,188.00 |
|
25 Aug 2014 | 25 Sep 2014 | 285,092.00 |
|
25 Sep 2014 | 25 Oct 2014 | 275,344.00 |
|
25 Oct 2014 | 25 Nov 2014 | 265,936.00 |
|
25 Nov 2014 | 25 Dec 2014 | 256,856.00 |
|
25 Dec 2014 | 25 Jan 2015 | 248,080.00 |
|
25 Jan 2015 | 25 Feb 2015 | 239,612.00 |
|
25 Feb 2015 | 25 Mar 2015 | 231,436.00 |
|
25 Mar 2015 | 25 Apr 2015 | 223,548.00 |
|
25 Apr 2015 | 25 May 2015 | 215,928.00 |
|
25 May 2015 | 25 Jun 2015 | 208,576.00 |
|
25 Jun 2015 | 25 Jul 2015 | 201,476.00 |
|
25 Jul 2015 | 25 Aug 2015 | 194,624.00 |
|
25 Aug 2015 | 25 Sep 2015 | 45,348.00 |
|
25 Sep 2015 | 25 Oct 2015 | 43,480.00 |
|
25 Oct 2015 | 25 Nov 2015 | 41,708.00 |
|
25 Nov 2015 | 25 Dec 2015 | 40,020.00 |
|
25 Dec 2015 | 25 Jan 2016 | 38,416.00 |
|
25 Jan 2016 | 25 Feb 2016 | 36,884.00 |
|
25 Feb 2016 | 25 Mar 2016 | 35,428.00 |
|
25 Mar 2016 | 25 Apr 2016 | 34,040.00 |
|
25 Apr 2016 | 25 May 2016 | 32,712.00 |
|
25 May 2016 | 25 Jun 2016 | 31,452.00 |
|
25 Jun 2016 | 25 Jul 2016 | 30,244.00 |
|
25 Jul 2016 | 25 Aug 2016 | 29,092.00 |
|
25 Aug 2016 | 25 Sep 2016 | 27,992.00 |
|
25 Sep 2016 | 25 Oct 2016 | 26,940.00 |
|
25 Oct 2016 | 25 Nov 2016 | 25,936.00 |
|
25 Nov 2016 | Termination Date | 24,940.00 |
|
With respect to the Floating Rate Payer Calculation Periods, the dates in the above schedule with the exception of the Effective Date will be subject to adjustment in accordance with the Modified Following Business Day Convention. With respect to the Fixed Rate Payer Calculation Periods, the dates in the above schedule will be subject to No Adjustment.
Fixed Amounts
Fixed Rate Payer:
Counterparty
Fixed Amount:
To be determined in accordance with the following formula: 250 * Fixed Rate * Calculation Amount * Fixed Rate Day Count Fraction
Fixed Rate:
Initially 8.82 percent per annum, amortizing as per Fixed Rate Schedule below
Fixed Rate Day Count Fraction:
30/360
Fixed Rate Payer Payment Date:
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 January 2007, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below and there shall be No Adjustment to the Calculation Period
Business Day Convention:
Modified Following
Fixed Rate Schedule
Period From | Period To | Fixed Rate (per annum) |
Effective Date | 25-Jan-07 | 8.820% |
25-Jan-07 | 25-Feb-07 | 9.207% |
25-Feb-07 | 25-Mar-07 | 8.486% |
25-Mar-07 | 25-Apr-07 | 8.812% |
25-Apr-07 | 25-May-07 | 8.584% |
25-May-07 | 25-Jun-07 | 8.737% |
25-Jun-07 | 25-Jul-07 | 8.331% |
25-Jul-07 | 25-Aug-07 | 8.829% |
25-Aug-07 | 25-Sep-07 | 8.099% |
25-Sep-07 | 25-Oct-07 | 8.196% |
25-Oct-07 | 25-Nov-07 | 8.403% |
25-Nov-07 | 25-Dec-07 | 8.023% |
25-Dec-07 | 25-Jan-08 | 7.968% |
25-Jan-08 | 25-Feb-08 | 7.843% |
25-Feb-08 | 25-Mar-08 | 7.486% |
25-Mar-08 | 25-Apr-08 | 7.815% |
25-Apr-08 | 25-May-08 | 7.943% |
25-May-08 | 25-Jun-08 | 7.438% |
25-Jun-08 | 25-Jul-08 | 7.118% |
25-Jul-08 | 25-Aug-08 | 7.254% |
25-Aug-08 | 25-Sep-08 | 6.353% |
25-Sep-08 | 25-Dec-08 | 6.000% |
25-Dec-08 | 25-Jan-09 | 5.005% |
25-Jan-09 | 25-Oct-09 | 4.250% |
25-Oct-09 | 25-Dec-09 | 4.000% |
25-Dec-09 | 25-Dec-10 | 3.500% |
25-Dec-10 | 25-Dec-11 | 2.500% |
25-Dec-11 | 25-Dec-12 | 2.750% |
25-Dec-12 | 25-Dec-13 | 3.000% |
25-Dec-13 | Termination Date | 3.500% |
|
|
|
Floating Amounts
Floating Rate Payer:
UBS AG
Floating Amount:
To be determined in accordance with the following formula: 250 * Floating Rate Option * Calculation Amount * Floating Rate Day Count Fraction
Floating Rate Option:
USD-LIBOR-BBA
Designated Maturity:
One month, with exception to the Initial Floating Rate where Linear Interpolation shall apply
Floating Rate Day Count Fraction:
Actual/360 None
Floating Rate Payer Period End Dates:
25 January, 25 February, 25 March, 25 April, 25 May, 25 June, 25 July, 25 August, 25 September, 25 October, 25 November and 25 December, in each year, from and including 25 January 2007, up to and including the Termination Date, subject to adjustment in accordance with the Business Day Convention specified immediately below
Floating Rate Payer Payment Dates:
Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days prior to each Floating Rate Payer Period End Date.
Reset Dates:
First day of each Calculation Period
Business Day Convention:
Modified Following
Compounding:
Inapplicable
Relationship Between Parties
Each party will be deemed to represent to the other party on the date on which it enters into this Transaction that (in the absence of a written Agreement between the parties which expressly imposes affirmative obligations to the contrary for this Transaction):
(a)
Non-Reliance. Each party is acting for its own account, and has made its own independent decisions to enter into this Transaction and this such Transaction is appropriate or proper for it based upon its own judgement and upon advice from such advisers as it has deemed necessary. Each party is not relying on any communication (written or oral) of the other party as investment advice or as a recommendation to enter into this Transaction; it being understood that information and explanation relating to the terms and conditions of this Transaction shall not be considered investment advice or a recommendation to enter into this Transaction. No communication (written or oral) received from the other party shall be deemed to be an assurance or guarantee as to the expected results of this Transaction.
(b)
Assessment and Understanding. Each party is capable of assessing the merits of and understands (on its own behalf or through independent professional advice), and accepts, the terms, conditions and risks of this Transaction. Each party is also capable of assuming and assumes, the risks of this Transaction.
(c)
Status of the Parties. Neither party is acting as a fiduciary for or as an adviser to the other in respect of this Transaction.
(d)
Purpose. It is an "eligible swap participant" as such term is defined in Section 35.1(b)(2) of the regulations (17 C.F.R. 35) promulgated under, and an "eligible contract participant" as defined in Section 1(a)(12) of the Commodity Exchange Act, as amended, and it is entering into the Transaction for the purposes of managing its borrowing or investments, hedging its underlying assets or Iiabilities or in connection with a line of business.
References in this clause to "a party" shall, in the case of UBS AG, London Branch and where the context so allows, include references to any affiliate of UBS AG, London Branch
Account Details
Currency:
USD
Correspondent Bank:
UBS AG, XXXXXXXX BRANCH
Swift Address:
XXXXXX00XXX
Favour:
UBS AG LONDON BRANCH
Swift Address:
XXXXXX0XXXX
Account No:
101-wa-140007-000
Further Credit To:
Swift Address:
Account No:
Offices
(a)The office of UBS AG for the Swap Transaction is London; and
(b)The office of the Counterparty for the Swap Transaction is New York
Contact Names at UBS AG |
|
|
Payment Inquiries | Elisa Doctor | Email: |
|
| DL-USOTCRATES-SETTS @ubs. corn |
|
|
|
Pre Value Payments: | Pre Value Payment Investigations: | 203.719-1110 |
Post Value Payments: | Post Value Payment Investigations: | 203.719.1110 |
Confirmation Queries: | Confirmation Control: | 203.719.3733 |
ISDA Documentation: | Legal | 000.000.0000 |
Swift: Fax: | UBSWGB2L (00) 00 0000 0000/2990 |
|
Address: Contact Info: Xxxxx Fargo Bank, N.A. | UBS AG 000 Xxxxxxxxx Xxxxxx Xxxxxx XX0X 0XX |
|
0000 Xxx Xxxxxxxxx Xxxx
Xxxxxxxx, XX 00000-0000
Attn: Client Manager XXXX 0000-0
(x) 410.884.2000
(f) 000.000.0000
Contact at Transferor / Sponsor:
UBS Real Estate, Inc
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, XX 00000
Attn: Xxxxxx Xx / Peo Xxxxxxxx
(t): x0-000-000-0000
Wiring Instructions:
XXXXX XXXXX XXXX, XX
XXX# 000000000
FOR CREDIT TO: CORPORATE TRUST CLEARING
ACCT: 0000000000
Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by executing a copy of this Confirmation and returning it to us or by sending to us a letter or facsimile substantially similar to this letter, which letter or facsimile sets forth the material terms of the Transaction to which this Confirmation relates and indicates your agreement to those terms or by sending to us a return letter or facsimile in the form attached.
Yours Faithfully
For and on Behalf of
UBS AG, London Branch
By: /s/ Xxxxxxxxxxx Xxxxxx
By: /s/ Xxxxxxxx XxXxxxxx
Name: Xxxxxxxxxxx Xxxxxx
Name: Xxxxxxxx XxXxxxxx
Title: Associate Director
Title: Associate Director
Acknowledged and Agreed by Xxxxx Fargo Bank, N.A., not individually, but solely as trustee on behalf of the Supplemental Interest Trust for the MASTR Adjustable Rate Mortgages Trust 2007-1, Mortgage Pass-Through Certificates, Series 2007-1 as of the date first written above:
By: /s/ Xxxxxx X. Xxxxxxx
Name: Xxxxxx X. Xxxxxxx
Title : Assistant Vice President
UBS AG London Branch, 0 Xxxxxxxx Xxxxxx, Xxxxxx, XX0X 0XX
UBS AG is a member of the London Stock Exchange and is regulated in the UK by the Financial Services Authority.
Representatives of UBS Limited introduce trades to UBS AG via UBS Limited
