SWAP CONTRACT ADMINISTRATION AGREEMENTSwap Contract Administration Agreement • November 14th, 2007 • CWABS Asset-Backed Certificates Trust 2007-13 • Asset-backed securities • New York
This SWAP CONTRACT ADMINISTRATION AGREEMENT, dated as of October 30, 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”).
SCHEDULE to the Master Agreement dated as of October 30, 2007 between MERRILL LYNCH CAPITAL SERVICES, INC., a corporation organized and existing under the laws of the State of Delaware (“Party A”), and THE BANK OF NEW YORK, not in its individual or...Master Agreement • November 14th, 2007 • CWABS Asset-Backed Certificates Trust 2007-13 • Asset-backed securities • New York
All terms used herein and not otherwise defined are given their meaning in the Pooling and Servicing Agreement for CWABS Asset-Backed Certificates Trust 2007-13 dated as of October 1, 2007 among CWABS, Inc., as depositor, Park Monaco Inc., as a seller, Park Sienna LLC, as a seller, Countrywide Home Loans, Inc., as a seller, Countrywide Home Loans Servicing LP, as master servicer and The Bank of New York, as trustee (the “Pooling and Servicing Agreement”).
Paragraph 13. Elections and Variables.Credit Support Annex • November 14th, 2007 • CWABS Asset-Backed Certificates Trust 2007-13 • Asset-backed securities
If, on any Valuation Date, the Delivery Amount equals or exceeds the Pledgor’s Minimum Transfer Amount, the Pledgor will Transfer to the Secured Party sufficient Eligible Credit Support to ensure that, immediately following such transfer, the Delivery Amount shall be zero.
ASSIGNMENT AGREEMENTAssignment Agreement • November 14th, 2007 • CWABS Asset-Backed Certificates Trust 2007-13 • Asset-backed securities • New York
ASSIGNMENT AGREEMENT, dated as of October 30, 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 2007-13, pursuant to a Swap Contract Administration Agreement (the “Swap Contract Administration Agreement”) dated as of October 30, 2007, and MERRILL LYNCH CAPITAL SERVICES, INC. (“Remaining Party”).
