Rate Cap Transaction Re: Reference No. 268269CFRate Cap Transaction • March 15th, 2006 • First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Fa1 • Asset-backed securities • New York
The purpose of this letter agreement (“Agreement”) is to confirm the terms and conditions of the rate cap Transaction entered into on the Trade Date specified below (the “Transaction”) between IXIS Financial Products Inc. (“IXIS”) and The Bank of New York, not in its individual capacity, but solely in its capacity as Trustee (“the Trustee”) of the Separate Interest Trust created pursuant to the Pooling and Servicing Agreement dated as of February 1, 2006 among First Horizon Asset Securities Inc., as depositor (the “Depositor”), First Horizon Home Loan Corporation as Seller and Master Servicer and The Bank of New York, as Trustee (“the Counterparty”) in connection with the issuance of the First Horizon Alternative Mortgage Securities Trust 2006-FA1 Mortgage Pass-Through Certificates, Series 2006-FA1. This Agreement, which evidences a complete and binding agreement between you and us to enter into the Transaction on the terms set forth below, constitutes a “Confirmation” as referred to i
Rate Cap Transaction Re: Reference No. 268291CFRate Cap Transaction • March 15th, 2006 • First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Fa1 • Asset-backed securities • New York
The purpose of this letter agreement (“Agreement”) is to confirm the terms and conditions of the rate cap Transaction entered into on the Trade Date specified below (the “Transaction”) between IXIS Financial Products Inc. (“IXIS”) and The Bank of New York, not in its individual capacity, but solely in its capacity as Trustee (“the Trustee”) of the Separate Interest Trust created pursuant to the Pooling and Servicing Agreement dated as of February 1, 2006 among First Horizon Asset Securities Inc., as depositor (the “Depositor”), First Horizon Home Loan Corporation as Seller and Master Servicer and The Bank of New York, as Trustee (“the Counterparty”) in connection with the issuance of the First Horizon Alternative Mortgage Securities Trust 2006-FA1 Mortgage Pass-Through Certificates, Series 2006-FA1. This Agreement, which evidences a complete and binding agreement between you and us to enter into the Transaction on the terms set forth below, constitutes a “Confirmation” as referred to i
