SECURITIZED ASSET BACKED RECEIVABLES LLC, DEPOSITOR, LITTON LOAN SERVICING LP, SERVICER, CREDIT-BASED ASSET SERVICING AND SECURITIZATION LLC, SELLER, AND LASALLE BANK NATIONAL ASSOCIATION, TRUSTEE POOLING AND SERVICING AGREEMENT DATED AS OF FEBRUARY...Pooling and Servicing Agreement • March 15th, 2007 • C-Bass Mortgage Loan Trust 2007-Cb2 • Asset-backed securities • New York
SECURITIZED ASSET BACKED RECEIVABLES LLC $976,624,000 (Approximate) C-BASS Mortgage Loan Trust 2007-CB2 C-BASS Mortgage Loan Asset Backed Certificates, Series 2007-CB2 UNDERWRITING AGREEMENTUnderwriting Agreement • March 15th, 2007 • C-Bass Mortgage Loan Trust 2007-Cb2 • Asset-backed securities • New York
Securitized Asset Backed Receivables LLC, a Delaware limited liability company (the “Company”), proposes to sell to you, Barclays Capital Inc., acting on its own behalf and as representative (the “Representative”) of the underwriters listed in Schedule I hereto (the “Underwriters”), fifteen (15) classes of the Depositor’s C-BASS Mortgage Loan Asset-Backed Certificates, Series 2007-CB2, in the original principal amount and with the designation described on Schedule A attached hereto (the “Offered Certificates”). The Offered Certificates will be issued pursuant to a Pooling and Servicing Agreement, dated as of February 1, 2007 (the “Pooling and Servicing Agreement”), among the Company, as depositor, Litton Loan Servicing LP, as servicer, Credit-Based Asset Servicing and Securitization LLC, as seller (the “Seller”) and LaSalle Bank National Association, as trustee (the “Trustee”). In addition to the Offered Certificates, the Company will authorize for issuance the C-BASS Mortgage Loan Ass
NOVATION CONFIRMATIONNovation Confirmation • March 15th, 2007 • C-Bass Mortgage Loan Trust 2007-Cb2 • Asset-backed securities • London
The purpose of this letter is to confirm the terms and conditions of the Novation Transaction entered into between the parties and effective from the Novation Date specified below. This Novation Confirmation constitutes a “Confirmation” as referred to in the New Agreement specified below.
