BEAR STEARNS ASSET BACKED SECURITIES I LLC UNDERWRITING AGREEMENTTerms Agreement • December 20th, 2006 • Bear Stearns Mortgage Funding Trust 2006-Sl5 • Asset-backed securities • New York
BEAR STEARNS ASSET BACKED SECURITIES I LLC, Depositor, EMC MORTGAGE CORPORATION, Seller and Master Servicer, and LASALLE BANK NATIONAL ASSOCIATION, Trustee POOLING AND SERVICING AGREEMENT Dated as of November 1, 2006 BEAR STEARNS MORTGAGE FUNDING...Pooling and Servicing Agreement • December 20th, 2006 • Bear Stearns Mortgage Funding Trust 2006-Sl5 • Asset-backed securities • New York
The Class X Certificates will be issued as a single Certificate and will not have a Certificate Principal Balance. The Certificates shall be executed by manual or facsimile signature on behalf of the Trustee by an authorized officer. Certificates bearing the manual or facsimile signatures of individuals who were, at the time when such signatures were affixed, authorized to sign on behalf of the Trustee shall bind the Trustee, notwithstanding that such individuals or any of them have ceased to be so authorized prior to the authentication and delivery of such Certificates or did not hold such offices at the date of such authentication and delivery. No Certificate shall be entitled to any benefit under this Agreement, or be valid for any purpose, unless there appears on such Certificate the countersignature of the Trustee by manual signature, and such countersignature upon any Certificate shall be conclusive evidence, and the only evidence, that such Certificate has been duly countersigne
