BEAR STEARNS ASSET BACKED SECURITIES I LLC SACO I Trust 2006-6 Mortgage-Backed Certificates Series 2006-6 TERMS AGREEMENT
BEAR
XXXXXXX ASSET BACKED SECURITIES I LLC
Mortgage-Backed
Certificates Series 2006-6
TERMS
AGREEMENT
Dated:
as
of May 12, 2006
To: BEAR
XXXXXXX ASSET BACKED SECURITIES I LLC
Re: Underwriting
Agreement, dated April 21, 2006
Underwriter: Bear,
Xxxxxxx & Co. Inc. (the “Underwriter”)
Series
Designation: Series
2006-6
Class
Designation Schedule of the Certificates: Class A, Class M-1, Class M-2, Class
M-3, Class M-4, Class M-5, Class M-6, Class B-1, Class B-2 and Class B-3
Certificates
Terms
of the Certificates:
Class
|
Original
Certificate
Principal
Balance
|
Pass-Through
Rate
|
Class
A
|
$ 439,629,000
|
Adjustable
|
Class
M-1
|
$ 32,858,000
|
Adjustable
|
Class
M-2
|
$ 29,511,000
|
Adjustable
|
Class
M-3
|
$ 13,691,000
|
Adjustable
|
Class
M-4
|
$ 13,387,000
|
Adjustable
|
Class
M-5
|
$ 10,953,000
|
Adjustable
|
Class
M-6
|
$ 9,736,000
|
Adjustable
|
Class
B-1
|
$ 10,040,000
|
Adjustable
|
Class
B-2
|
$ 8,823,000
|
Adjustable
|
Class
B-3
|
$ 6,085,000
|
Adjustable
|
The
Certificates purchased by the Underwriter will be offered from time to time
by
the Underwriter in negotiated transactions at varying prices to be determined
at
the time of sale.
Defined
Terms:
Terms
not otherwise defined herein shall have the meanings given to such terms in
the
Pooling and Servicing Agreement, dated as of May 1, 2006, among Bear Xxxxxxx
Asset Backed Securities I LLC, as depositor, EMC Mortgage Corporation, as
sponsor and as company, LaSalle Bank National Association, as master servicer
and securities administrator, and Citibank, N.A., as trustee.
Form
of Certificates Being Purchased by the Underwriter:
Book-Entry.
Distribution
Dates:
The
25th day of each month or, if such 25th day is not a business day, the next
succeeding business day beginning in May 2006.
Certificate
Rating for the Certificates Being Purchased by the Underwriter:
Class
|
Standard
& Poor’s Rating
|
Xxxxx’x
Rating
|
A
|
AAA
|
Aaa
|
M-1
|
AA+
|
Aa1
|
M-2
|
AA
|
Aa2
|
M-3
|
AA-
|
Aa3
|
M-4
|
A+
|
A1
|
M-5
|
A
|
A2
|
M-6
|
A-
|
A3
|
B-1
|
BBB+
|
Baa1
|
B-2
|
BBB
|
Baa2
|
B-3
|
BBB-
|
Baa3
|
Mortgage
Assets:
The
Mortgage Loans to be included in the Trust Fund are as described in Annex A
hereto.
Purchase
Price:
The
aggregate purchase price payable by the Underwriter for the Certificates covered
by this Agreement will be $ *
(plus
$ *
in
accrued interest).
Credit
Enhancement:
Excess
spread, overcollateralization and subordination as described in the related
Prospectus Supplement.
Closing
Date:
May 30,
2006.
[Signature
Page Follows]
*
Please
contact Bear, Xxxxxxx & Co. Inc. for pricing
information
The
undersigned, as Underwriter, agrees, subject to the terms and provisions of
the
above-referenced Underwriting Agreement, which is incorporated herein in its
entirety and made a part hereof, to purchase the respective principal amounts
of
the Classes of the above-referenced Series of Certificates as set forth
herein.
BEAR,
XXXXXXX & CO. INC.
By:
______________________________
Name:
Title:
Accepted:
BEAR
XXXXXXX ASSET BACKED
SECURITIES
I LLC
By:
______________________________
Name: Xxxxxx
X.
Xxxxxxxxx, Xx.
Title: Vice
President
Annex
A
Mortgage
Loan Schedule
[Available
Upon Request]