Trustee Capacity. Ix xx xxxxxxxxx understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. Xx: /s/ David N. Moore ---------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006-2, Mortgage Pass-Through Certificates, Series 2006-2 By: /s/ Marion Hogan ---------------------------------- Name: Marion Hogan Title: Assocxxxx SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 10 2 4/25/2006 5/25/2006 90,279,223.79 10 3 5/25/2006 6/25/2006 86,752,974.91 10 4 6/25/2006 7/25/2006 83,217,497.19 10 5 7/25/2006 8/25/2006 79,870,024.95 10 6 8/25/2006 9/25/2006 76,698,007.21 10 7 9/25/2006 10/25/2006 73,630,091.18 10 8 10/25/2006 11/25/2006 70,661,601.69 10 9 11/25/2006 12/25/2006 67,788,251.59 10 10 12/25/2006 1/25/2007 65,006,133.20 10 11 1/25/2007 2/25/2007 62,311,683.53 10 12 2/25/2007 3/25/2007 59,701,751.06 10 13 3/25/2007 4/25/2007 57,173,726.57 10 14 4/25/2007 5/25/2007 54,733,215.83 10 15 5/25/2007 6/25/2007 52,397,461.47 10 16 6/25/2007 7/25/2007 50,162,052.30 10 17 7/25/2007 8/25/2007 48,022,651.63 10 18 8/25/2007 9/25/2007 45,975,110.99 10 19 9/25/2007 10/25/2007 44,015,462.49 10 20 10/25/2007 11/25/2007 42,018,088.34 10 21 11/25/2007 12/25/2007 23,158,083.40 10 22 12/25/2007 1/25/2008 11,222,584.11 10 23 1/25/2008 2/25/2008 10,776,772.46 10 24 2/25/2008 3/25/2008 10,376,173.86 10 25 3/25/2008 4/25/2008 9,990,559.21 10 26 4/25/2008 5/25/2008 9,619,363.21 10 27 5/25/2008 6/25/2008 9,262,041.63 10 28 6/25/2008 7/25/2008 8,918,032.02 10 29 7/25/2008 8/25/2008 8,586,849.56 10 30 8/25/2008 9/25/2008 8,268,037.12 10 31 9/25/2008 10/25/2008 7,961,128.99 10 32 10/25/2008 11/25/2008 7,399,147.00 10 33 11/25/2008 12/25/2008 5,739,038.20 10 34 12/25/2008 1/25/2009 5,481,705.66 10 35 1/25/2009 2/25/2009 5,291,180.15 10 36 2/25/2009 3/25/2009 5,107,203.45 10 37 3/25/2009 4/25/2009 4,929,553.26 10 38 4/25/2009 5/25/2009 4,758,014.50 10 39 5/25/2009 6/25/2009 4,592,378.50 10 40 6/25/2009 7/25/2009 4,432,441.21 10 41 7/25/2009 8/25/2009 4,278,013.30 10 42 8/25/2009 9/25/2009 4,128,907.43 10 43 9/25/2009 10/25/2009 3,984,942.34 10 44 10/25/2009 11/25/2009 3,845,942.80 10 45 11/25/2009 12/25/2009 3,711,739.59 10 46 12/25/2009 1/25/2010 3,582,168.19 10 47 1/25/2010 2/25/2010 3,457,071.42 10 48 2/25/2010 3/25/2010 3,336,296.64 10 49 3/25/2010 4/25/2010 3,219,696.21 10 50 4/25/2010 5/25/2010 3,107,127.48 10 51 5/25/2010 6/25/2010 2,998,452.63 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX, XX 00000-0000 March 30, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx, xxx xxxxxxdually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx: Xx consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust Company, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-2), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-2)
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank Wells Fargo Bank, National Trust Company Association (i) this Confirmation is executed exxxxxed and delivered by Deutsche Bank Wells Fargo Bank, National Trust Company Association not in its individual capacity but bxx solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank Wells Fargo Bank, National Trust Company Association in its individual capacity be personally xx xersonally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. XxBx: /s/ /x/ David N. Moore ---------------------------------- ------------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Vice Prxxxxxxx Xxxxx B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK WELLS FARGO BANK, NATIONAL TRUST COMPANYASSOCIATION, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx ABS Capital I Xxx. Xrxxx 0006-2WMC1, Mortgage Pass-Through Certificates, Series 2006-2 WMC1 By: /s/ Marion Hogan Darron C. Woodus ---------------------------------- Name: Marion Hogan Darron C. Woodus Title: Assocxxxx Asxxxxxxx Xxxx Xxxsident SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------------------------- ------------------- ------------ 1 ---------- Effective Date 2/25/2006 108,284,715.53 10 2/25/2006 3/25/2006 103,511,618.39 10 3/25/2006 4/25/2006 94,145,175.68 99,406,492.91 10 2 4/25/2006 5/25/2006 90,279,223.79 95,446,364.44 10 3 5/25/2006 6/25/2006 86,752,974.91 91,624,206.87 10 4 6/25/2006 7/25/2006 83,217,497.19 87,933,488.02 10 5 7/25/2006 8/25/2006 79,870,024.95 84,368,152.29 10 6 8/25/2006 9/25/2006 76,698,007.21 80,922,602.68 10 7 9/25/2006 10/25/2006 73,630,091.18 77,591,682.16 10 8 10/25/2006 11/25/2006 70,661,601.69 74,370,654.54 10 9 11/25/2006 12/25/2006 67,788,251.59 10 71,255,184.48 10 12/25/2006 1/25/2007 65,006,133.20 68,241,379.47 10 11 1/25/2007 2/25/2007 62,311,683.53 65,325,824.22 10 12 2/25/2007 3/25/2007 59,701,751.06 62,522,282.78 10 13 3/25/2007 4/25/2007 57,173,726.57 59,839,813.06 10 14 4/25/2007 5/25/2007 54,733,215.83 57,273,157.81 10 15 5/25/2007 6/25/2007 52,397,461.47 54,817,289.16 10 16 6/25/2007 7/25/2007 50,162,052.30 52,467,398.52 10 17 7/25/2007 8/25/2007 48,022,651.63 50,218,887.00 10 18 8/25/2007 9/25/2007 45,975,110.99 48,044,286.33 10 19 9/25/2007 10/25/2007 44,015,462.49 16,075,192.78 10 20 10/25/2007 11/25/2007 42,018,088.34 10,495,496.64 10 21 11/25/2007 12/25/2007 23,158,083.40 10,115,530.10 10 22 12/25/2007 1/25/2008 11,222,584.11 9,749,350.13 10 23 1/25/2008 2/25/2008 10,776,772.46 9,396,454.26 10 24 2/25/2008 3/25/2008 10,376,173.86 9,056,358.43 10 25 3/25/2008 4/25/2008 9,990,559.21 8,728,596.38 10 26 4/25/2008 5/25/2008 9,619,363.21 8,412,654.43 10 27 5/25/2008 6/25/2008 9,262,041.63 8,108,161.52 10 28 6/25/2008 7/25/2008 8,918,032.02 7,814,709.38 10 29 7/25/2008 8/25/2008 8,586,849.56 7,531,896.02 10 30 8/25/2008 9/25/2008 8,268,037.12 7,248,446.34 10 31 9/25/2008 10/25/2008 7,961,128.99 6,356,355.35 10 32 10/25/2008 11/25/2008 7,399,147.00 5,805,515.57 10 33 11/25/2008 12/25/2008 5,739,038.20 5,603,663.22 10 34 12/25/2008 1/25/2009 5,481,705.66 5,408,760.07 10 35 1/25/2009 2/25/2009 5,291,180.15 5,220,569.41 10 36 2/25/2009 3/25/2009 5,107,203.45 5,038,862.47 10 37 3/25/2009 4/25/2009 4,929,553.26 4,863,418.22 10 38 4/25/2009 5/25/2009 4,758,014.50 4,694,021.49 10 39 5/25/2009 6/25/2009 4,592,378.50 4,530,466.80 10 40 6/25/2009 7/25/2009 4,432,441.21 4,372,555.52 10 41 7/25/2009 8/25/2009 4,278,013.30 4,220,094.92 10 42 8/25/2009 9/25/2009 4,128,907.43 4,072,898.76 10 43 9/25/2009 10/25/2009 3,984,942.34 3,930,787.12 10 44 10/25/2009 11/25/2009 3,845,942.80 3,793,585.79 10 45 11/25/2009 12/25/2009 3,711,739.59 3,661,127.15 10 46 12/25/2009 1/25/2010 3,582,168.19 3,533,248.90 10 47 1/25/2010 2/25/2010 3,457,071.42 3,409,794.25 10 48 2/25/2010 3/25/2010 3,336,296.64 3,290,611.68 10 49 3/25/2010 4/25/2010 3,219,696.21 3,175,554.82 10 50 4/25/2010 5/25/2010 3,107,127.48 3,064,482.27 10 51 5/25/2010 6/25/2010 2,998,452.63 2,957,257.40 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 2,853,748.24 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXXMORGAN STANLEY 1585 BROADWAY NEW YORK, XX 00000NY 10000-0000 March 30Xxxxxxx 00, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx0000 Xxxxx Xxxxx Xxxx, xxx xxxxxxduallyXxxxxxxx Xxxxxxxxxxx 0000 Xxx Xxxapolis Road Columbia, but solely as Trustee for Morgan Stanley Home Equity Loan Trust Xxxyland 21045 Re: MSAC 2006-2 (the "Trust") Mortgage PasxWMC1 Fxxxxxxxx: [ ] Xxxxx: 000-Xxxxuxx Xxxxificates, Series 2006000-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx0000 Xxxxxs and Gentlemen: Xx In consideration of that certain ISDA thxx xxxxxxx XSDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 of the date hereof between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust CompanyWells Fargo Bank, National Association, a national banking association, not xxx individually, but solely as Trustee for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 2006-2 (the "Trust") WMC1, Mortgage PasxPass-Xxxxuxx XxxxificatesThrougx Xxxxixxxxxxx, Series 2006-2 WMC1 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1)
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the xx xxx parties hereto that insofar as this Confirmation is executed by Deutsche Bank Wells Fargo Bank, National Trust Company Association (i) this Confirmation is executed exxxxxed and delivered by Deutsche Bank Wells Fargo Bank, National Trust Company Association not in its individual capacity but bxx solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank Wells Fargo Bank, National Trust Company Association in its individual capacity be personally xx xersonally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. Xx: /s/ David Bx:/x/ Xavid N. Moore ---------------------------------- --------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Vice Prxxxxxxx Xxxxx B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK WELLS FARGO BANK, NATIONAL TRUST COMPANYASXXXXXTION, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006Capital I Inc. Xxxxx 0000-2XX1, Mortgage Pass-Through Certificates, Series 2006-2 By: /s/ Marion Hogan ---------------------------------- HE1 By:/s/ Amy Doyle --------------------- Name: Marion Hogan Amy Doyle Title: Assocxxxx Vice Presxxxxx SCHEDULE I ------------------------------------------------------------------------------- Notional Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ ---- ----------------------------- -------------- ---------- 1 Effective Date 4/25/2006 94,145,175.68 3/25/2006 115,527,278.35 10 2 3/25/2006 4/25/2006 108,938,036.77 10 3 4/25/2006 5/25/2006 90,279,223.79 104,613,475.45 10 3 4 5/25/2006 6/25/2006 86,752,974.91 100,352,825.48 10 4 5 6/25/2006 7/25/2006 83,217,497.19 96,333,260.16 10 5 6 7/25/2006 8/25/2006 79,870,024.95 92,453,201.43 10 6 7 8/25/2006 9/25/2006 76,698,007.21 88,706,154.32 10 7 8 9/25/2006 10/25/2006 73,630,091.18 85,086,106.06 10 8 9 10/25/2006 11/25/2006 70,661,601.69 81,587,507.01 10 9 10 11/25/2006 12/25/2006 67,788,251.59 78,205,250.95 10 10 11 12/25/2006 1/25/2007 65,006,133.20 74,934,665.66 10 11 12 1/25/2007 2/25/2007 62,311,683.53 71,771,581.01 10 12 13 2/25/2007 3/25/2007 59,701,751.06 68,713,095.45 10 13 14 3/25/2007 4/25/2007 57,173,726.57 65,759,429.10 10 14 15 4/25/2007 5/25/2007 54,733,215.83 62,933,491.74 10 15 16 5/25/2007 6/25/2007 52,397,461.47 60,229,730.72 10 16 17 6/25/2007 7/25/2007 50,162,052.30 57,642,835.54 10 17 18 7/25/2007 8/25/2007 48,022,651.63 55,167,728.18 10 18 19 8/25/2007 9/25/2007 45,975,110.99 52,799,551.95 10 19 20 9/25/2007 10/25/2007 44,015,462.49 50,348,423.87 10 20 21 10/25/2007 11/25/2007 42,018,088.34 43,712,036.94 10 21 22 11/25/2007 12/25/2007 23,158,083.40 10,282,318.83 10 22 23 12/25/2007 1/25/2008 11,222,584.11 9,915,140.33 10 23 24 1/25/2008 2/25/2008 10,776,772.46 9,561,056.50 10 24 25 2/25/2008 3/25/2008 10,376,173.86 9,219,600.16 10 25 26 3/25/2008 4/25/2008 9,990,559.21 8,890,320.79 10 26 27 4/25/2008 5/25/2008 9,619,363.21 8,572,783.56 10 27 28 5/25/2008 6/25/2008 9,262,041.63 8,266,559.97 10 28 29 6/25/2008 7/25/2008 8,918,032.02 7,971,194.59 10 29 30 7/25/2008 8/25/2008 8,586,849.56 7,686,365.70 10 30 31 8/25/2008 9/25/2008 8,268,037.12 7,411,697.37 10 31 32 9/25/2008 10/25/2008 7,961,128.99 7,141,067.69 10 32 33 10/25/2008 11/25/2008 7,399,147.00 6,673,760.41 10 33 34 11/25/2008 12/25/2008 5,739,038.20 5,786,428.02 10 34 35 12/25/2008 1/25/2009 5,481,705.66 5,587,536.65 10 35 36 1/25/2009 2/25/2009 5,291,180.15 5,395,383.60 10 36 37 2/25/2009 3/25/2009 5,107,203.45 5,209,744.43 10 37 38 3/25/2009 4/25/2009 4,929,553.26 5,030,402.05 10 38 39 4/25/2009 5/25/2009 4,758,014.50 4,857,146.39 10 39 40 5/25/2009 6/25/2009 4,592,378.50 4,689,773.87 10 40 41 6/25/2009 7/25/2009 4,432,441.21 4,528,086.93 10 41 42 7/25/2009 8/25/2009 4,278,013.30 4,371,897.10 10 42 43 8/25/2009 9/25/2009 4,128,907.43 4,221,020.49 10 43 44 9/25/2009 10/25/2009 3,984,942.34 4,075,279.23 10 44 45 10/25/2009 11/25/2009 3,845,942.80 3,934,501.29 10 45 46 11/25/2009 12/25/2009 3,711,739.59 3,798,520.20 10 46 47 12/25/2009 1/25/2010 3,582,168.19 3,667,175.10 10 47 48 1/25/2010 2/25/2010 3,457,071.42 3,540,310.43 10 48 49 2/25/2010 3/25/2010 3,336,296.64 3,417,775.69 10 49 50 3/25/2010 4/25/2010 3,219,696.21 3,299,425.35 10 50 51 4/25/2010 5/25/2010 3,107,127.48 3,185,118.67 10 51 52 5/25/2010 6/25/2010 2,998,452.63 3,074,719.55 10 52 53 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 2,968,096.40 10 54 8/25/2010 7/25/2010 Termination 2,865,121.97 10 Date 2,694,481.80 10 [Morgan Stanley Logo] MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX1585 BROADWAY NEW YORK, XX 00000NY 10000-0000 March 30Xxxxxxxx 00, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx0000 Xxxxx Xxxxx Xxxx, xxx xxxxxxduallyXxxxxxxx Xxxxxxxxxxx 0000 Xxx Xxnapolis Road Columbia, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006Xxxyland 21045 Attention: Client Maxxxxx--XXXX 0000-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx XX0 Xxxxxxxxx: Xx consideration 000-000-0000 Xxxxe: 410-884-2000 Ladies and Gentlemen: In xxxxxxxxxxxon of that certain ISDA thxx xxxxxxx XSDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 of the date hereof between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust CompanyWells Fargo Bank, National Association, a national banking association, not xxx individually, but solely as Trustee for Morgan Stanley Home Equity Loan Capital I Inc. Trust 2006-2 (the "Trust") HE1, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Cerxxxxxxtxx, Series Xxxies 2006-2 HE1 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 2 contracts
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He1), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Capital I Inc. Trust 2006-He1)
Trustee Capacity. Ix xx xxxxxxxxx understood It is exxxxxxlx xxxxxstood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. Xx: /s/ David N. Moore ---------------------------------- Name/x/: David N. Moore Name: David X. Xxxxx Title: Vicx Vice Xxxxxxxxx Xarty Xxxty B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006Capital I Inx. Xxxsx 0000-2NC2, Mortgage Pass-Through Certificates, Series 2006-2 NC2 By: /s/ Marion Hogan ---------------------------------- /s/: Eiko Akayama Name: Marion Hogan Eiko Xxxxxxx Title: Assocxxxx Assxxxxxx SCHEDULE I ------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ -------------------------------------------------------------------------------- 1 Effective Date 4/25/2006 94,145,175.68 135,967,955.97 10 2 4/25/2006 5/25/2006 90,279,223.79 130,418,191.01 10 3 5/25/2006 6/25/2006 86,752,974.91 125,400,452.77 10 4 6/25/2006 7/25/2006 83,217,497.19 120,547,682.42 10 5 7/25/2006 8/25/2006 79,870,024.95 115,851,640.80 10 6 8/25/2006 9/25/2006 76,698,007.21 111,304,733.81 10 7 9/25/2006 10/25/2006 73,630,091.18 106,899,990.85 10 8 10/25/2006 11/25/2006 70,661,601.69 102,631,042.28 10 9 11/25/2006 12/25/2006 67,788,251.59 98,492,095.65 10 10 12/25/2006 1/25/2007 65,006,133.20 94,478,039.42 10 11 1/25/2007 2/25/2007 62,311,683.53 90,584,148.41 10 12 2/25/2007 3/25/2007 59,701,751.06 86,806,195.93 10 13 3/25/2007 4/25/2007 57,173,726.57 83,140,543.28 10 14 4/25/2007 5/25/2007 54,733,215.83 79,601,216.21 10 15 5/25/2007 6/25/2007 52,397,461.47 76,213,595.30 10 16 6/25/2007 7/25/2007 50,162,052.30 72,971,137.24 10 17 7/25/2007 8/25/2007 48,022,651.63 69,867,582.47 10 18 8/25/2007 9/25/2007 45,975,110.99 66,896,942.63 10 19 9/25/2007 10/25/2007 44,015,462.49 64,053,489.19 10 20 10/25/2007 11/25/2007 42,018,088.34 61,331,744.82 10 21 11/25/2007 12/25/2007 23,158,083.40 58,129,270.74 10 22 12/25/2007 1/25/2008 11,222,584.11 16,400,973.68 10 23 1/25/2008 2/25/2008 10,776,772.46 15,762,624.37 10 24 2/25/2008 3/25/2008 10,376,173.86 15,189,246.94 10 25 3/25/2008 4/25/2008 9,990,559.21 14,636,746.11 10 26 4/25/2008 5/25/2008 9,619,363.21 14,104,358.97 10 27 5/25/2008 6/25/2008 9,262,041.63 13,591,351.51 10 28 6/25/2008 7/25/2008 8,918,032.02 13,097,014.00 10 29 7/25/2008 8/25/2008 8,586,849.56 12,620,524.33 10 30 8/25/2008 9/25/2008 8,268,037.12 12,161,380.64 10 31 9/25/2008 10/25/2008 7,961,128.99 11,718,949.64 10 32 10/25/2008 11/25/2008 7,399,147.00 11,277,231.20 10 33 11/25/2008 12/25/2008 5,739,038.20 10,796,700.39 10 34 12/25/2008 1/25/2009 5,481,705.66 8,524,065.98 10 35 1/25/2009 2/25/2009 5,291,180.15 8,230,310.70 10 36 2/25/2009 3/25/2009 5,107,203.45 7,946,516.92 10 37 3/25/2009 4/25/2009 4,929,553.26 7,672,353.27 10 38 4/25/2009 5/25/2009 4,758,014.50 7,407,499.08 10 39 5/25/2009 6/25/2009 4,592,378.50 7,151,644.16 10 40 6/25/2009 7/25/2009 4,432,441.21 6,904,488.15 10 41 7/25/2009 8/25/2009 4,278,013.30 6,665,736.94 10 42 8/25/2009 9/25/2009 4,128,907.43 6,435,113.97 10 43 9/25/2009 10/25/2009 3,984,942.34 6,212,347.49 10 44 10/25/2009 11/25/2009 3,845,942.80 5,997,174.64 10 45 11/25/2009 12/25/2009 3,711,739.59 5,789,341.13 10 46 12/25/2009 1/25/2010 3,582,168.19 5,588,600.94 10 47 1/25/2010 2/25/2010 3,457,071.42 5,394,715.69 10 48 2/25/2010 3/25/2010 3,336,296.64 5,207,455.93 10 49 3/25/2010 4/25/2010 3,219,696.21 5,026,599.11 10 50 4/25/2010 5/25/2010 3,107,127.48 4,851,930.03 10 51 5/25/2010 6/25/2010 2,998,452.63 4,683,240.55 10 52 6/25/2010 7/25/2010 2,893,538.46 4,520,329.39 10 53 7/25/2010 8/25/2010 2,792,256.30 4,363,001.95 10 54 8/25/2010 9/25/2010 4,211,069.99 10 55 9/25/2010 Termination Date 2,694,481.80 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX, XX 00000-0000 March 30, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx, xxx xxxxxxdually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx: Xx consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust Company, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:4,064,351.48 10
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2), Pooling and Servicing Agreement (Morgan Stanley Capital I Inc. Trust 2006-Nc2)
Trustee Capacity. Ix xx xxxxxxxxx understood It is expresxxx xxdxxxxxxx and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. [Morgan Stanley Logo] -------------------------------------------------------------------------------- We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. Xx: /s/ Xx:/s/ David N. Moore ---------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006Equixx Xxxn Xxxxx 2006-21, Mortgage Pass-Through Certificates, Series 2006-2 By: /s/ 1 By:/s/ Marion Hogan ---------------------------------- ------------------------------ Name: Marion Hogan Title: Assocxxxx Axxxxxxxx [Morgan Stanley Logo] -------------------------------------------------------------------------------- SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- -------------------------------- ------------------- ------------ 1 ---------- Effective Date 2/25/2006 116,319,236.17 10 2/25/2006 3/25/2006 109,397,549.66 10 3/25/2006 4/25/2006 94,145,175.68 104,925,304.10 10 2 4/25/2006 5/25/2006 90,279,223.79 100,695,292.88 10 3 5/25/2006 6/25/2006 86,752,974.91 96,614,773.71 10 4 6/25/2006 7/25/2006 83,217,497.19 92,676,794.30 10 5 7/25/2006 8/25/2006 79,870,024.95 88,874,903.62 10 6 8/25/2006 9/25/2006 76,698,007.21 85,203,130.28 10 7 9/25/2006 10/25/2006 73,630,091.18 81,655,963.36 10 8 10/25/2006 11/25/2006 70,661,601.69 78,228,330.45 10 9 11/25/2006 12/25/2006 67,788,251.59 10 74,915,663.74 10 12/25/2006 1/25/2007 65,006,133.20 71,716,515.00 10 11 1/25/2007 2/25/2007 62,311,683.53 68,635,002.17 10 12 2/25/2007 3/25/2007 59,701,751.06 65,675,443.53 10 13 3/25/2007 4/25/2007 57,173,726.57 62,844,175.67 10 14 4/25/2007 5/25/2007 54,733,215.83 60,135,630.99 10 15 5/25/2007 6/25/2007 52,397,461.47 57,544,464.58 10 16 6/25/2007 7/25/2007 50,162,052.30 55,065,564.96 10 17 7/25/2007 8/25/2007 48,022,651.63 52,694,043.80 10 18 8/25/2007 9/25/2007 45,975,110.99 49,851,958.91 10 19 9/25/2007 10/25/2007 44,015,462.49 33,606,032.08 10 20 10/25/2007 11/25/2007 42,018,088.34 16,533,288.55 10 21 11/25/2007 12/25/2007 23,158,083.40 15,879,674.08 10 22 12/25/2007 1/25/2008 11,222,584.11 15,252,185.27 10 23 1/25/2008 2/25/2008 10,776,772.46 14,649,765.27 10 24 2/25/2008 3/25/2008 10,376,173.86 14,071,397.51 10 25 3/25/2008 4/25/2008 9,990,559.21 13,516,110.30 10 26 4/25/2008 5/25/2008 9,619,363.21 12,982,921.39 10 27 5/25/2008 6/25/2008 9,262,041.63 12,470,957.73 10 28 6/25/2008 7/25/2008 8,918,032.02 11,979,400.88 10 29 7/25/2008 8/25/2008 8,586,849.56 11,507,427.62 10 30 8/25/2008 9/25/2008 8,268,037.12 9,672,565.61 10 31 9/25/2008 10/25/2008 7,961,128.99 7,170,287.85 10 32 10/25/2008 11/25/2008 7,399,147.00 5,170,509.00 10 33 11/25/2008 12/25/2008 5,739,038.20 4,996,023.29 10 34 12/25/2008 1/25/2009 5,481,705.66 4,827,287.76 10 35 1/25/2009 2/25/2009 5,291,180.15 4,664,118.77 10 36 2/25/2009 3/25/2009 5,107,203.45 4,506,337.77 10 37 3/25/2009 4/25/2009 4,929,553.26 4,353,764.03 10 38 4/25/2009 5/25/2009 4,758,014.50 4,206,227.38 10 39 5/25/2009 6/25/2009 4,592,378.50 4,063,574.66 10 40 6/25/2009 7/25/2009 4,432,441.21 3,925,653.35 10 41 7/25/2009 8/25/2009 4,278,013.30 3,792,310.97 10 42 8/25/2009 9/25/2009 4,128,907.43 3,663,399.53 10 43 9/25/2009 10/25/2009 3,984,942.34 3,538,773.42 10 44 10/25/2009 11/25/2009 3,845,942.80 3,418,294.27 10 45 11/25/2009 12/25/2009 3,711,739.59 3,301,830.41 10 46 12/25/2009 1/25/2010 3,582,168.19 3,189,251.67 10 47 1/25/2010 2/25/2010 3,457,071.42 3,080,431.87 10 48 2/25/2010 3/25/2010 3,336,296.64 2,975,248.77 10 49 3/25/2010 4/25/2010 3,219,696.21 2,873,583.92 10 50 4/25/2010 5/25/2010 3,107,127.48 2,775,322.71 10 51 5/25/2010 6/25/2010 2,998,452.63 2,680,354.04 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 2,588,570.36 10 [{Morgan Stanley Logo] MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX 0000 BXXXXXXX XXX XXXX, XX 00000-0000 March 30Xxxxxxx 00, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx, xxx xxxxxxdually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. 0000 Xxxxxxxx Xxxx Xxxxxxxx Xxxxx Xxxxxxx 0000 Xxxx Xx. Andrew Place Santa Ana, California 92705-4934 Attention: Xxxxx Xxxxxxxxxxxxxx - [ ] Facsimile: 714 247 6285 Phone: 714 247 6000 Ladies axx Xxxxxxxxxand Gentlemen: Xx consideration xxxxxxxration of that certain ISDA thxx xxxxxxx XSDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 of the date hereof between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national National Trust Company, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") 1, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Cerxxxxxxtxx, Series Xxxies 2006-2 1 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 2 contracts
Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1), Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-1)
Trustee Capacity. Ix Xx xx xxxxxxxxx xxxxxxxly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. XxXy: /s/ David N. x/x D.N. Moore ---------------------------------- -------------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Vice Prexxxxxx Xxxxx B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade xxx Xxade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006ABS Capital I Inc. Xxuxx 0000-2HE4, Mortgage Pass-Through Certificates, Series 2006-2 HE4 By: /s/ Marion Hogan ---------------------------------- ----------------------------------- Name: Marion Hogan Title: Assocxxxx Associaxx SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 10 2 4/25/2006 5/25/2006 90,279,223.79 10 3 5/25/2006 6/25/2006 86,752,974.91 10 4 6/25/2006 7/25/2006 83,217,497.19 10 5 7/25/2006 8/25/2006 79,870,024.95 10 6 8/25/2006 9/25/2006 76,698,007.21 10 7 9/25/2006 10/25/2006 73,630,091.18 10 8 10/25/2006 11/25/2006 70,661,601.69 10 9 11/25/2006 12/25/2006 67,788,251.59 10 10 12/25/2006 1/25/2007 65,006,133.20 10 11 1/25/2007 2/25/2007 62,311,683.53 10 12 2/25/2007 3/25/2007 59,701,751.06 10 13 3/25/2007 4/25/2007 57,173,726.57 10 14 4/25/2007 5/25/2007 54,733,215.83 10 15 5/25/2007 6/25/2007 52,397,461.47 10 16 6/25/2007 7/25/2007 50,162,052.30 10 17 7/25/2007 8/25/2007 48,022,651.63 10 18 8/25/2007 9/25/2007 45,975,110.99 10 19 9/25/2007 10/25/2007 44,015,462.49 10 20 10/25/2007 11/25/2007 42,018,088.34 10 21 11/25/2007 12/25/2007 23,158,083.40 10 22 12/25/2007 1/25/2008 11,222,584.11 10 23 1/25/2008 2/25/2008 10,776,772.46 10 24 2/25/2008 3/25/2008 10,376,173.86 10 25 3/25/2008 4/25/2008 9,990,559.21 10 26 4/25/2008 5/25/2008 9,619,363.21 10 27 5/25/2008 6/25/2008 9,262,041.63 10 28 6/25/2008 7/25/2008 8,918,032.02 10 29 7/25/2008 8/25/2008 8,586,849.56 10 30 8/25/2008 9/25/2008 8,268,037.12 10 31 9/25/2008 10/25/2008 7,961,128.99 10 32 10/25/2008 11/25/2008 7,399,147.00 10 33 11/25/2008 12/25/2008 5,739,038.20 10 34 12/25/2008 1/25/2009 5,481,705.66 10 35 1/25/2009 2/25/2009 5,291,180.15 10 36 2/25/2009 3/25/2009 5,107,203.45 10 37 3/25/2009 4/25/2009 4,929,553.26 10 38 4/25/2009 5/25/2009 4,758,014.50 10 39 5/25/2009 6/25/2009 4,592,378.50 10 40 6/25/2009 7/25/2009 4,432,441.21 10 41 7/25/2009 8/25/2009 4,278,013.30 10 42 8/25/2009 9/25/2009 4,128,907.43 10 43 9/25/2009 10/25/2009 3,984,942.34 10 44 10/25/2009 11/25/2009 3,845,942.80 10 45 11/25/2009 12/25/2009 3,711,739.59 10 46 12/25/2009 1/25/2010 3,582,168.19 10 47 1/25/2010 2/25/2010 3,457,071.42 10 48 2/25/2010 3/25/2010 3,336,296.64 10 49 3/25/2010 4/25/2010 3,219,696.21 10 50 4/25/2010 5/25/2010 3,107,127.48 10 51 5/25/2010 6/25/2010 2,998,452.63 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 10 [## Morgan Stanley Logo MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX1585 BROADWAY NEW YORK, XX 00000NY 10000-0000 March 30Xxxx 00, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx0000 Xxxxx Xxxxx Xxxx, xxx xxxxxxduallyXxxxxxxx Xxxxxxxxxxx X xxxxxxxx xxxxxng association, nxx xxdividually, but solely as Trustee Securities Administrator for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 2006-2 HE4 (the "Trust") Mortgage PasxTrust")Mortgage Pxxx-Xxxxuxx XxxxificatesXxrxxxx Xxrtificates, Series 2006-2 1761 East St. Andrew Place Santa AnaHE4 9062 Old Annapolis Road Columbia, California 92705-4934 Maryland 21045 Ladies axx Xxxxxxxxxand Gentlemen: Xx consideration of that certain ISDA xxxxxxxxxxxxx xx xxxx xxxxxxx XXDA Master Agreement and that certain ISDA Schedule, each dated as March 30June 23, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx hereinaftex "XXCXXXXS") xxx Deutsche Bank national Trust CompanyWells Fargo Bank, National Association, a national banking association, not individuallyxxx xndividually, but solely as Trustee Securities Administrator for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 2006-2 (the "Trust") HE4, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Xxxxxxixxxxx, Series 2006-2 HE4 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally irrevoxxxxx axx xxxxnditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not xxxx xot be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4)
Trustee Capacity. Ix xx xxxxxxxxx Xx xs xxxxxxsly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. XxBx: /s/ David N. x/x D.N. Moore ---------------------------------- -------------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Vice Prxxxxxxx Xxxxx B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade xxx Xrade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx ABS Capital I Inc. Xrxxx 0006-2HE4, Mortgage Pass-Through Certificates, Series 2006-2 HE4 By: /s/ Marion Hogan ---------------------------------- ----------------------------------- Name: Marion Hogan Title: Assocxxxx Associxxx SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 10 2 4/25/2006 5/25/2006 90,279,223.79 10 3 5/25/2006 6/25/2006 86,752,974.91 10 4 6/25/2006 7/25/2006 83,217,497.19 10 5 7/25/2006 8/25/2006 79,870,024.95 10 6 8/25/2006 9/25/2006 76,698,007.21 10 7 9/25/2006 10/25/2006 73,630,091.18 10 8 10/25/2006 11/25/2006 70,661,601.69 10 9 11/25/2006 12/25/2006 67,788,251.59 10 10 12/25/2006 1/25/2007 65,006,133.20 10 11 1/25/2007 2/25/2007 62,311,683.53 10 12 2/25/2007 3/25/2007 59,701,751.06 10 13 3/25/2007 4/25/2007 57,173,726.57 10 14 4/25/2007 5/25/2007 54,733,215.83 10 15 5/25/2007 6/25/2007 52,397,461.47 10 16 6/25/2007 7/25/2007 50,162,052.30 10 17 7/25/2007 8/25/2007 48,022,651.63 10 18 8/25/2007 9/25/2007 45,975,110.99 10 19 9/25/2007 10/25/2007 44,015,462.49 10 20 10/25/2007 11/25/2007 42,018,088.34 10 21 11/25/2007 12/25/2007 23,158,083.40 10 22 12/25/2007 1/25/2008 11,222,584.11 10 23 1/25/2008 2/25/2008 10,776,772.46 10 24 2/25/2008 3/25/2008 10,376,173.86 10 25 3/25/2008 4/25/2008 9,990,559.21 10 26 4/25/2008 5/25/2008 9,619,363.21 10 27 5/25/2008 6/25/2008 9,262,041.63 10 28 6/25/2008 7/25/2008 8,918,032.02 10 29 7/25/2008 8/25/2008 8,586,849.56 10 30 8/25/2008 9/25/2008 8,268,037.12 10 31 9/25/2008 10/25/2008 7,961,128.99 10 32 10/25/2008 11/25/2008 7,399,147.00 10 33 11/25/2008 12/25/2008 5,739,038.20 10 34 12/25/2008 1/25/2009 5,481,705.66 10 35 1/25/2009 2/25/2009 5,291,180.15 10 36 2/25/2009 3/25/2009 5,107,203.45 10 37 3/25/2009 4/25/2009 4,929,553.26 10 38 4/25/2009 5/25/2009 4,758,014.50 10 39 5/25/2009 6/25/2009 4,592,378.50 10 40 6/25/2009 7/25/2009 4,432,441.21 10 41 7/25/2009 8/25/2009 4,278,013.30 10 42 8/25/2009 9/25/2009 4,128,907.43 10 43 9/25/2009 10/25/2009 3,984,942.34 10 44 10/25/2009 11/25/2009 3,845,942.80 10 45 11/25/2009 12/25/2009 3,711,739.59 10 46 12/25/2009 1/25/2010 3,582,168.19 10 47 1/25/2010 2/25/2010 3,457,071.42 10 48 2/25/2010 3/25/2010 3,336,296.64 10 49 3/25/2010 4/25/2010 3,219,696.21 10 50 4/25/2010 5/25/2010 3,107,127.48 10 51 5/25/2010 6/25/2010 2,998,452.63 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 10 [## Morgan Stanley Logo MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX1585 BROADWAY NEW YORK, XX 00000NY 10000-0000 March 30Xxxx 00, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx0000 Xxxxx Xxxxx Xxxx, Xxxxxxxx Xxxxxxxxxxx X xxxxxxxx xxxxing association, xxx xxxxxxduallyxndividually, but solely as Trustee Securities Administrator for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 2006-2 HE4 (the "Trust") Mortgage PasxTrust")Mortgage Xxxx-Xxxxuxx XxxxificatesXhxxxxx Xertificates, Series 2006-2 1761 East St. Andrew Place Santa AnaHE4 9062 Old Annapolis Road Columbia, California 92705-4934 Maryland 21045 Ladies axx Xxxxxxxxxand Gentlemen: Xx consideration of that certain ISDA xxxxxxxxxxxxx xx xxxx xxxxxxx XSDA Master Agreement and that certain ISDA Schedule, each dated as March 30June 23, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust CompanyWells Fargo Bank, National Association, a national banking association, not xxx individually, but solely as Trustee Securities Administrator for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 2006-2 (the "Trust") HE4, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Xxxxxfxxxxxx, Series 2006-2 HE4 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will xxxx not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He4)
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY XXXXXX XXXXXXX CAPITAL SERVICES INC. XxBy: /s/ David N. Moore ---------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Party B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006trustee on behalf of the Supplemental Interest Trust with respect to Xxxxxx Xxxxxxx ABS Capital I Inc. Trust 2006-2NC3, Mortgage Pass-Through Certificates, Series 2006-2 NC3 By: /s/ Marion Hogan ---------------------------------- Name: Marion Hogan Title: Assocxxxx SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 10 5/25/2006 134,737,472.36 2 4/25/2006 5/25/2006 90,279,223.79 10 3 5/25/2006 6/25/2006 86,752,974.91 10 4 129,668,957.59 3 6/25/2006 7/25/2006 83,217,497.19 10 5 124,804,276.47 4 7/25/2006 8/25/2006 79,870,024.95 10 6 120,087,883.59 5 8/25/2006 9/25/2006 76,698,007.21 10 7 115,512,255.70 6 9/25/2006 10/25/2006 73,630,091.18 10 8 111,070,526.59 7 10/25/2006 11/25/2006 70,661,601.69 10 9 106,756,465.65 8 11/25/2006 12/25/2006 67,788,251.59 10 10 102,564,454.85 9 12/25/2006 1/25/2007 65,006,133.20 98,489,464.35 10 11 1/25/2007 2/25/2007 62,311,683.53 10 12 94,527,026.49 11 2/25/2007 3/25/2007 59,701,751.06 10 13 90,673,208.18 12 3/25/2007 4/25/2007 57,173,726.57 10 14 86,924,581.79 13 4/25/2007 5/25/2007 54,733,215.83 10 15 83,278,225.79 14 5/25/2007 6/25/2007 52,397,461.47 10 16 79,767,794.33 15 6/25/2007 7/25/2007 50,162,052.30 10 17 76,406,504.52 16 7/25/2007 8/25/2007 48,022,651.63 10 18 73,187,973.62 17 8/25/2007 9/25/2007 45,975,110.99 10 19 70,106,093.81 18 9/25/2007 10/25/2007 44,015,462.49 10 20 67,155,020.33 19 10/25/2007 11/25/2007 42,018,088.34 10 21 64,329,160.73 20 11/25/2007 12/25/2007 23,158,083.40 10 22 61,623,161.91 21 12/25/2007 1/25/2008 11,222,584.11 10 23 58,840,949.52 22 1/25/2008 2/25/2008 10,776,772.46 10 24 24,850,446.26 23 2/25/2008 3/25/2008 10,376,173.86 10 25 23,893,523.98 24 3/25/2008 4/25/2008 9,990,559.21 10 26 22,973,798.45 25 4/25/2008 5/25/2008 9,619,363.21 10 27 22,089,807.32 26 5/25/2008 6/25/2008 9,262,041.63 10 28 21,240,146.71 27 6/25/2008 7/25/2008 8,918,032.02 10 29 20,423,468.46 28 7/25/2008 8/25/2008 8,586,849.56 10 30 19,638,477.89 29 8/25/2008 9/25/2008 8,268,037.12 10 31 18,883,865.80 30 9/25/2008 10/25/2008 7,961,128.99 10 32 18,158,510.18 31 10/25/2008 11/25/2008 7,399,147.00 10 33 17,461,264.22 32 11/25/2008 12/25/2008 5,739,038.20 10 34 16,774,333.22 33 12/25/2008 1/25/2009 5,481,705.66 10 35 10,941,020.84 34 1/25/2009 2/25/2009 5,291,180.15 10 36 9,986,907.73 35 2/25/2009 3/25/2009 5,107,203.45 10 37 9,640,296.47 36 3/25/2009 4/25/2009 4,929,553.26 10 38 9,305,557.07 37 4/25/2009 5/25/2009 4,758,014.50 10 39 8,982,288.92 38 5/25/2009 6/25/2009 4,592,378.50 10 40 8,670,104.69 39 6/25/2009 7/25/2009 4,432,441.21 10 41 8,368,629.87 40 7/25/2009 8/25/2009 4,278,013.30 10 42 8,077,486.42 41 8/25/2009 9/25/2009 4,128,907.43 10 43 7,796,339.66 42 9/25/2009 10/25/2009 3,984,942.34 10 44 7,524,853.28 43 10/25/2009 11/25/2009 3,845,942.80 10 45 7,262,700.03 44 11/25/2009 12/25/2009 3,711,739.59 10 46 7,009,563.58 45 12/25/2009 1/25/2010 3,582,168.19 10 47 6,765,138.12 46 1/25/2010 2/25/2010 3,457,071.42 10 48 6,529,124.96 47 2/25/2010 3/25/2010 3,336,296.64 10 49 6,301,241.07 48 3/25/2010 4/25/2010 3,219,696.21 10 50 6,081,210.95 49 4/25/2010 5/25/2010 3,107,127.48 10 51 5,868,767.61 50 5/25/2010 6/25/2010 2,998,452.63 10 52 5,663,653.00 51 6/25/2010 7/25/2010 2,893,538.46 10 53 5,465,617.71 52 7/25/2010 8/25/2010 2,792,256.30 10 5,274,420.67 53 8/25/2010 9/25/2010 5,089,828.90 54 8/25/2010 9/25/2010 10/25/2010 4,911,617.24 55 10/25/2010 Termination Date 2,694,481.80 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX4,739,568.09 (Multicurrency-Cross Border) ISDAâ International Swap Dealers Association, XX 00000-0000 March 30Inc. MASTER AGREEMENT dated as of April 28, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx, xxx xxxxxxdually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx: Xx consideration of that certain ISDA Master Agreement XXXXXX XXXXXXX CAPITAL SERVICES INC. and that certain ISDA Schedule, each dated as March 30, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust Company, a national banking associationDEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan trustee on behalf of the Supplemental Interest Trust with respect to Xxxxxx Xxxxxxx ABS Capital I Inc. Trust 2006-2 (the "Trust") NC3, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Certificates, Series 2006-2 NC3 have entered and/or anticipate entering into one or more transactions (hereinafter "Counterparty"each a “Transaction”) that are or will be governed by this Master Agreement, which includes the schedule (such ISDA Master Agreement the “Schedule”), and ISDA Schedule, together with the documents and other confirming evidence (each Confirmation a “Confirmation”) exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreementconfirming those Transactions. Accordingly, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address parties agree as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:follows:¾
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc3)
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee of the Trust under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY MXXXXX SXXXXXX CAPITAL SERVICES INC. XxBy: /s/ David N. Moore ---------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Party B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006on behalf of the Supplemental Interest Trust with respect to Mxxxxx Sxxxxxx ABS Capital I Inc. Trust 2006-2NC5, Mortgage Pass-Through Certificates, Series 2006-2 NC5 By: /s/ Marion Hogan ---------------------------------- Name: Marion Hogan Title: Assocxxxx SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 12/25/2006 133,301,937.54 10 2 4/25/2006 5/25/2006 90,279,223.79 12/25/2006 1/25/2007 128,299,083.89 10 3 5/25/2006 6/25/2006 86,752,974.91 1/25/2007 2/25/2007 123,453,771.91 10 4 6/25/2006 7/25/2006 83,217,497.19 2/25/2007 3/25/2007 118,757,874.56 10 5 7/25/2006 8/25/2006 79,870,024.95 3/25/2007 4/25/2007 114,203,929.45 10 6 8/25/2006 9/25/2006 76,698,007.21 4/25/2007 5/25/2007 109,785,118.53 10 7 9/25/2006 10/25/2006 73,630,091.18 5/25/2007 6/25/2007 105,495,246.41 10 8 10/25/2006 11/25/2006 70,661,601.69 6/25/2007 7/25/2007 101,328,717.41 10 9 11/25/2006 12/25/2006 67,788,251.59 7/25/2007 8/25/2007 97,280,511.09 10 10 12/25/2006 1/25/2007 65,006,133.20 8/25/2007 9/25/2007 93,346,156.31 10 11 1/25/2007 2/25/2007 62,311,683.53 9/25/2007 10/25/2007 89,521,703.79 10 12 2/25/2007 3/25/2007 59,701,751.06 10/25/2007 11/25/2007 85,803,910.84 10 13 3/25/2007 4/25/2007 57,173,726.57 11/25/2007 12/25/2007 82,190,493.88 10 14 4/25/2007 5/25/2007 54,733,215.83 12/25/2007 1/25/2008 78,730,019.96 10 15 5/25/2007 6/25/2007 52,397,461.47 1/25/2008 2/25/2008 75,416,484.71 10 16 6/25/2007 7/25/2007 50,162,052.30 2/25/2008 3/25/2008 72,243,600.73 10 17 7/25/2007 8/25/2007 48,022,651.63 3/25/2008 4/25/2008 69,205,351.47 10 18 8/25/2007 9/25/2007 45,975,110.99 4/25/2008 5/25/2008 66,295,979.51 10 19 9/25/2007 10/25/2007 44,015,462.49 5/25/2008 6/25/2008 63,509,975.30 10 20 10/25/2007 11/25/2007 42,018,088.34 6/25/2008 7/25/2008 60,842,066.45 10 21 11/25/2007 12/25/2007 23,158,083.40 7/25/2008 8/25/2008 56,082,734.99 10 22 12/25/2007 1/25/2008 11,222,584.11 8/25/2008 9/25/2008 46,059,545.65 10 23 1/25/2008 2/25/2008 10,776,772.46 9/25/2008 10/25/2008 44,140,184.92 10 24 2/25/2008 3/25/2008 10,376,173.86 10/25/2008 11/25/2008 42,316,979.38 10 25 3/25/2008 4/25/2008 9,990,559.21 11/25/2008 12/25/2008 40,569,843.92 10 26 4/25/2008 5/25/2008 9,619,363.21 12/25/2008 1/25/2009 38,895,574.17 10 27 5/25/2008 6/25/2008 9,262,041.63 1/25/2009 2/25/2009 35,052,600.34 10 28 6/25/2008 7/25/2008 8,918,032.02 2/25/2009 3/25/2009 25,834,186.56 10 29 7/25/2008 8/25/2008 8,586,849.56 3/25/2009 4/25/2009 24,786,980.74 10 30 8/25/2008 9/25/2008 8,268,037.12 4/25/2009 5/25/2009 23,798,345.44 10 31 9/25/2008 10/25/2008 7,961,128.99 5/25/2009 6/25/2009 22,849,602.51 10 32 10/25/2008 11/25/2008 7,399,147.00 6/25/2009 7/25/2009 21,932,807.48 10 33 11/25/2008 12/25/2008 5,739,038.20 7/25/2009 8/25/2009 18,642,219.25 10 34 12/25/2008 1/25/2009 5,481,705.66 8/25/2009 9/25/2009 13,039,589.83 10 35 1/25/2009 2/25/2009 5,291,180.15 9/25/2009 10/25/2009 12,546,305.90 10 36 2/25/2009 3/25/2009 5,107,203.45 10/25/2009 11/25/2009 12,080,782.65 10 37 3/25/2009 4/25/2009 4,929,553.26 11/25/2009 12/25/2009 11,632,648.40 10 38 4/25/2009 5/25/2009 4,758,014.50 12/25/2009 1/25/2010 11,194,863.47 10 39 5/25/2009 6/25/2009 4,592,378.50 1/25/2010 2/25/2010 9,625,208.76 10 40 6/25/2009 7/25/2009 4,432,441.21 2/25/2010 3/25/2010 8,836,885.91 10 41 7/25/2009 8/25/2009 4,278,013.30 3/25/2010 4/25/2010 8,521,143.23 10 42 8/25/2009 9/25/2009 4,128,907.43 4/25/2010 5/25/2010 8,216,670.00 10 43 9/25/2009 10/25/2009 3,984,942.34 5/25/2010 6/25/2010 7,923,063.76 10 44 10/25/2009 11/25/2009 3,845,942.80 6/25/2010 7/25/2010 7,636,302.91 10 45 11/25/2009 12/25/2009 3,711,739.59 7/25/2010 8/25/2010 6,704,619.41 10 46 12/25/2009 1/25/2010 3,582,168.19 8/25/2010 9/25/2010 6,219,643.28 10 47 1/25/2010 2/25/2010 3,457,071.42 9/25/2010 10/25/2010 6,005,150.33 10 48 2/25/2010 3/25/2010 3,336,296.64 10/25/2010 11/25/2010 5,797,964.39 10 49 3/25/2010 4/25/2010 3,219,696.21 11/25/2010 12/25/2010 5,597,840.07 10 50 4/25/2010 5/25/2010 3,107,127.48 12/25/2010 1/25/2011 5,404,540.04 10 51 5/25/2010 6/25/2010 2,998,452.63 1/25/2011 2/25/2011 5,217,834.82 10 52 6/25/2010 7/25/2010 2,893,538.46 51 2/25/2011 3/25/2011 5,037,502.53 10 53 7/25/2010 8/25/2010 2,792,256.30 3/25/2011 4/25/2011 4,863,328.59 10 54 8/25/2010 4/25/2011 5/25/2011 4,695,105.56 10 55 5/25/2011 Termination Date 2,694,481.80 4,532,632.86 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXXEXHIBIT U PURCHASE AGREEMENT EXECUTION COPY SIXTH AMENDED AND RESTATED MORTGAGE LOAN PURCHASE AND WARRANTIES AGREEMENT _______________ MXXXXX SXXXXXX MORTGAGE CAPITAL INC., XX 00000-0000 March 30Purchaser NC CAPITAL CORPORATION, Seller _______________ Dated as of May 1, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxxConventional, xxx xxxxxxduallyFixed and Adjustable Rate, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") B/C Residential Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx: Xx consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust Company, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace periodLoans TABLE OF CONTENTS SECTION 1. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:DEFINITIONS.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5)
Trustee Capacity. Ix xx xxxxxxxxx Xx xs xxxxxxsly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust Party B is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. [MORGAN STANLEY LOGO] -------------------------------------------------------------------------------- We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. Xx: /s/ /x/ David N. Moore ---------------------------------- ------------------------------------ Name: David N. Moore Title: Vicx Vice Xxxxxxxxx Xarty Xxxty B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade xxx Xrade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 00060007-21, Mortgage Pass-Through Certificates, Series 20062007-2 1 By: /s/ Marion Hogan ---------------------------------- -------------------------------- Name: Marion Hogan Title: Assocxxxx Assxxxxxx [XORGAN STANLEY LOGO] -------------------------------------------------------------------------------- SCHEDULE I ------------------------------------------------------------------------------- -------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ ------ ------------------------------- ----------------------- ---------- 1 Effective Date 4/25/2006 94,145,175.68 3/25/2007 63,164,879.06 10 2 4/25/2006 5/25/2006 90,279,223.79 3/25/2007 4/25/2007 60,799,809.05 10 3 5/25/2006 6/25/2006 86,752,974.91 4/25/2007 5/25/2007 58,508,660.70 10 4 6/25/2006 7/25/2006 83,217,497.19 5/25/2007 6/25/2007 56,287,604.11 10 5 7/25/2006 8/25/2006 79,870,024.95 6/25/2007 7/25/2007 54,133,126.19 10 6 8/25/2006 9/25/2006 76,698,007.21 7/25/2007 8/25/2007 52,042,020.98 10 7 9/25/2006 10/25/2006 73,630,091.18 8/25/2007 9/25/2007 50,011,379.42 10 8 10/25/2006 11/25/2006 70,661,601.69 9/25/2007 10/25/2007 48,038,578.32 10 9 11/25/2006 12/25/2006 67,788,251.59 10/25/2007 11/25/2007 46,121,296.21 10 10 12/25/2006 1/25/2007 65,006,133.20 11/25/2007 12/25/2007 44,257,531.39 10 11 1/25/2007 2/25/2007 62,311,683.53 12/25/2007 1/25/2008 42,445,435.91 10 12 2/25/2007 3/25/2007 59,701,751.06 1/25/2008 2/25/2008 40,683,396.55 10 13 3/25/2007 4/25/2007 57,173,726.57 2/25/2008 3/25/2008 38,972,488.35 10 14 4/25/2007 5/25/2007 54,733,215.83 3/25/2008 4/25/2008 37,332,042.83 10 15 5/25/2007 6/25/2007 52,397,461.47 4/25/2008 5/25/2008 35,761,243.55 10 16 6/25/2007 7/25/2007 50,162,052.30 5/25/2008 6/25/2008 34,257,110.58 10 17 7/25/2007 8/25/2007 48,022,651.63 6/25/2008 7/25/2008 32,816,792.33 10 18 8/25/2007 9/25/2007 45,975,110.99 7/25/2008 8/25/2008 31,437,560.04 10 19 9/25/2007 10/25/2007 44,015,462.49 8/25/2008 9/25/2008 30,049,612.06 10 20 10/25/2007 11/25/2007 42,018,088.34 9/25/2008 10/25/2008 28,204,638.79 10 21 11/25/2007 12/25/2007 23,158,083.40 10/25/2008 11/25/2008 23,871,644.77 10 22 12/25/2007 1/25/2008 11,222,584.11 11/25/2008 12/25/2008 22,669,334.85 10 23 1/25/2008 2/25/2008 10,776,772.46 12/25/2008 1/25/2009 21,730,220.08 10 24 2/25/2008 3/25/2008 10,376,173.86 1/25/2009 2/25/2009 20,830,398.28 10 25 3/25/2008 4/25/2008 9,990,559.21 2/25/2009 3/25/2009 19,900,066.17 10 26 4/25/2008 5/25/2008 9,619,363.21 3/25/2009 4/25/2009 18,485,041.27 10 27 5/25/2008 6/25/2008 9,262,041.63 4/25/2009 5/25/2009 14,527,568.88 10 28 6/25/2008 7/25/2008 8,918,032.02 5/25/2009 6/25/2009 13,724,638.00 10 29 7/25/2008 8/25/2008 8,586,849.56 6/25/2009 7/25/2009 13,170,253.10 10 30 8/25/2008 9/25/2008 8,268,037.12 7/25/2009 8/25/2009 12,638,519.39 10 31 9/25/2008 10/25/2008 7,961,128.99 8/25/2009 9/25/2009 12,087,666.71 10 32 10/25/2008 11/25/2008 7,399,147.00 9/25/2009 10/25/2009 11,130,966.08 10 33 11/25/2008 12/25/2008 5,739,038.20 10/25/2009 11/25/2009 7,712,278.97 10 34 12/25/2008 1/25/2009 5,481,705.66 11/25/2009 12/25/2009 7,249,344.37 10 35 1/25/2009 2/25/2009 5,291,180.15 12/25/2009 1/25/2010 6,973,001.38 10 36 2/25/2009 3/25/2009 5,107,203.45 1/25/2010 2/25/2010 6,707,297.46 10 37 3/25/2009 4/25/2009 4,929,553.26 2/25/2010 3/25/2010 6,449,840.82 10 38 4/25/2009 5/25/2009 4,758,014.50 3/25/2010 4/25/2010 6,070,997.09 10 39 5/25/2009 6/25/2009 4,592,378.50 4/25/2010 5/25/2010 4,675,750.75 10 40 6/25/2009 7/25/2009 4,432,441.21 5/25/2010 6/25/2010 4,460,671.13 10 41 7/25/2009 8/25/2009 4,278,013.30 6/25/2010 7/25/2010 4,299,569.65 10 42 8/25/2009 9/25/2009 4,128,907.43 7/25/2010 8/25/2010 4,144,295.45 10 43 9/25/2009 10/25/2009 3,984,942.34 8/25/2010 9/25/2010 3,993,507.85 10 44 10/25/2009 11/25/2009 3,845,942.80 9/25/2010 10/25/2010 3,773,227.43 10 45 11/25/2009 12/25/2009 3,711,739.59 10/25/2010 11/25/2010 2,973,265.27 10 46 12/25/2009 1/25/2010 3,582,168.19 11/25/2010 12/25/2010 2,846,115.32 10 47 1/25/2010 2/25/2010 3,457,071.42 12/25/2010 1/25/2011 2,749,596.81 10 48 2/25/2010 3/25/2010 3,336,296.64 1/25/2011 2/25/2011 2,656,291.19 10 49 3/25/2010 4/25/2010 3,219,696.21 2/25/2011 3/25/2011 2,566,094.03 10 50 4/25/2010 5/25/2010 3,107,127.48 3/25/2011 4/25/2011 2,478,904.18 10 51 5/25/2010 6/25/2010 2,998,452.63 4/25/2011 5/25/2011 2,394,623.64 10 52 6/25/2010 7/25/2010 2,893,538.46 5/25/2011 6/25/2011 2,313,157.56 10 53 7/25/2010 8/25/2010 2,792,256.30 6/25/2011 7/25/2011 2,234,414.05 10 54 8/25/2010 7/25/2011 8/25/2011 2,158,304.12 10 55 8/25/2011 9/25/2011 2,082,479.12 10 56 9/25/2011 10/25/2011 2,011,480.91 10 57 10/25/2011 11/25/2011 1,933,515.05 10 58 11/25/2011 12/25/2011 1,858,220.93 10 59 12/25/2011 1/25/2012 1,794,807.88 10 60 1/25/2012 2/25/2012 1,733,518.82 10 61 2/25/2012 3/25/2012 1,671,993.70 10 62 3/25/2012 4/25/2012 1,614,849.23 10 63 4/25/2012 5/25/2012 1,550,175.22 10 64 5/25/2012 6/25/2012 1,487,878.06 10 65 6/25/2012 7/25/2012 1,437,125.73 10 66 7/25/2012 8/25/2012 1,388,070.93 10 67 8/25/2012 9/25/2012 1,339,353.06 10 68 9/25/2012 10/25/2012 1,293,587.26 10 69 10/25/2012 11/25/2012 1,243,977.13 10 70 11/25/2012 12/25/2012 1,196,149.21 10 71 12/25/2012 1/25/2013 1,155,306.06 10 72 1/25/2013 Termination Date 2,694,481.80 1,115,829.85 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX1585 Broadway Xxx Xxxx, XX 00000-0000 March 30[Xxxxxx Xxxxxxx Xxxx] Xxxxxxxx 00, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxx0000 Xxxxxxxx Xxxx Xxxxxxxx Xxust Xxxxxnx, xxx xxxxxxduallyindividually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 20062007-2 (the "Trust") 1, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Cerxxxxxxtxx, Series 2006Xxxies 2007-2 1 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx: Xx consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30of February 28, 2006 2007 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national National Trust Company, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 20062007-2 (the "Trust") 1, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Cerxxxxxxtxx, Series 2006Xxxies 2007-2 1 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA ScheduleAgreement, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will xxxx not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 1 contract
Samples: Indemnification and Contribution Agreement (Morgan Stanley Home Equity Loan Trust 2007-1)
Trustee Capacity. Ix It xx xxxxxxxxx understood xxxrxxxxx xnderstood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. [LOGO OF MORGAN STANLEY] -------------------------------------------------------------------------------- We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. Xx: /s/ /x/David N. Moore ---------------------------------- -------------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Vice Prxxxxxxx Xxxxx B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx ABS Capital I Inc. Xrxxx 0006-2NC1, Mortgage Pass-Through Certificates, Series 2006-2 NC1 By: /s/ Marion Hogan ---------------------------------- /s/Eiko Akiyama ----------------------------------- Name: Marion Hogan Eiko Akiyama Title: Assocxxxx Associxxx [XXGO OF MORGAN STANLEY] -------------------------------------------------------------------------------- SCHEDULE I ------------------------------------------------------------------------------- Line -------------------------------------------------------------------------------- Calculation Period Notional Amount ($Amount($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 ------------------ ------------------ ---------- Effective Date 2/25/2006 123,128,699.66 10 2/25/2006 3/25/2006 118,476,773.23 10 3/25/2006 4/25/2006 94,145,175.68 113,972,495.34 10 2 4/25/2006 5/25/2006 90,279,223.79 109,608,287.03 10 3 5/25/2006 6/25/2006 86,752,974.91 105,377,188.00 10 4 6/25/2006 7/25/2006 83,217,497.19 101,272,848.46 10 5 7/25/2006 8/25/2006 79,870,024.95 97,289,484.84 10 6 8/25/2006 9/25/2006 76,698,007.21 93,421,870.17 10 7 9/25/2006 10/25/2006 73,630,091.18 89,665,310.88 10 8 10/25/2006 11/25/2006 70,661,601.69 86,015,622.20 10 9 11/25/2006 12/25/2006 67,788,251.59 10 82,469,122.13 10 12/25/2006 1/25/2007 65,006,133.20 79,022,611.32 10 11 1/25/2007 2/25/2007 62,311,683.53 75,673,408.06 10 12 2/25/2007 3/25/2007 59,701,751.06 72,466,973.72 10 13 3/25/2007 4/25/2007 57,173,726.57 69,397,398.71 10 14 4/25/2007 5/25/2007 54,733,215.83 66,458,801.82 10 15 5/25/2007 6/25/2007 52,397,461.47 63,645,556.09 10 16 6/25/2007 7/25/2007 50,162,052.30 60,952,277.78 10 17 7/25/2007 8/25/2007 48,022,651.63 58,373,815.80 10 18 8/25/2007 9/25/2007 45,975,110.99 55,894,915.42 10 19 9/25/2007 10/25/2007 44,015,462.49 53,257,862.97 10 20 10/25/2007 11/25/2007 42,018,088.34 16,893,306.75 10 21 11/25/2007 12/25/2007 23,158,083.40 16,272,688.37 10 22 12/25/2007 1/25/2008 11,222,584.11 15,674,922.86 10 23 1/25/2008 2/25/2008 10,776,772.46 15,099,164.71 10 24 2/25/2008 3/25/2008 10,376,173.86 14,544,599.93 10 25 3/25/2008 4/25/2008 9,990,559.21 14,010,444.81 10 26 4/25/2008 5/25/2008 9,619,363.21 13,495,943.32 10 27 5/25/2008 6/25/2008 9,262,041.63 13,000,177.69 10 28 6/25/2008 7/25/2008 8,918,032.02 12,522,658.00 10 29 7/25/2008 8/25/2008 8,586,849.56 12,062,709.78 10 30 8/25/2008 9/25/2008 8,268,037.12 11,579,396.15 10 31 9/25/2008 10/25/2008 7,961,128.99 10,303,055.07 10 32 10/25/2008 11/25/2008 7,399,147.00 9,342,853.37 10 33 11/25/2008 12/25/2008 5,739,038.20 9,011,487.65 10 34 12/25/2008 1/25/2009 5,481,705.66 8,691,788.13 10 35 1/25/2009 2/25/2009 5,291,180.15 8,383,346.82 10 36 2/25/2009 3/25/2009 5,107,203.45 8,085,769.92 10 37 3/25/2009 4/25/2009 4,929,553.26 7,798,677.29 10 38 4/25/2009 5/25/2009 4,758,014.50 7,521,696.90 10 39 5/25/2009 6/25/2009 4,592,378.50 7,254,475.79 10 40 6/25/2009 7/25/2009 4,432,441.21 6,996,676.85 10 41 7/25/2009 8/25/2009 4,278,013.30 6,747,970.10 10 42 8/25/2009 9/25/2009 4,128,907.43 6,508,037.03 10 43 9/25/2009 10/25/2009 3,984,942.34 6,276,570.20 10 44 10/25/2009 11/25/2009 3,845,942.80 6,053,272.09 10 45 11/25/2009 12/25/2009 3,711,739.59 5,837,855.56 10 46 12/25/2009 1/25/2010 3,582,168.19 5,630,045.97 10 47 1/25/2010 2/25/2010 3,457,071.42 5,429,576.52 10 48 2/25/2010 3/25/2010 3,336,296.64 5,236,189.72 10 49 3/25/2010 4/25/2010 3,219,696.21 5,049,637.04 10 50 4/25/2010 5/25/2010 3,107,127.48 4,869,678.64 10 51 5/25/2010 6/25/2010 2,998,452.63 4,696,083.02 10 52 6/25/2010 7/25/2010 2,893,538.46 4,528,626.75 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 4,367,094.23 10 [LETTERHEAD OF MORGAN STANLEY LOGOSTANLEY] 0500 XXXXDWAY NEX XXXX, XX 00000-0000 March 30Xxnuary 27, 2006 Deutsche Bank National Trust Company A DEUTSCHE BANK NATIONAL TRUST COMPANY a national bankixx xxxxxxxxxxxbanking association, xxx xxxxxxduallynot individually, but solely as Trustee for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 2006-2 (the "Trust") NC1, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Xxxxxfxxxxxx, Series 2006-2 NC1 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx and Xxxxxxxxx: Xx consideration xxxxxxxxxxxxx of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30of January 27, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust CompanyDEUTSCHE BANK NATIONAL TRUST COMPANY, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 2006-2 (the "Trust") NC1, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Xxxxxfxxxxxx, Series 2006-2 NC1 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 1 contract
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. [LOGO OF MORGAN STANLEY] -------------------------------------------------------------------------------- We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. XxBy: /s/ /s/David N. Moore ---------------------------------- -------------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Vice President Party B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006ABS Capital I Inc. Trust 2006-2NC1, Mortgage Pass-Through Certificates, Series 2006-2 NC1 By: /s/ Marion Hogan ---------------------------------- /s/Eiko Akiyama ----------------------------------- Name: Marion Hogan Eiko Akiyama Title: Assocxxxx Associate [LOGO OF MORGAN STANLEY] -------------------------------------------------------------------------------- SCHEDULE I ------------------------------------------------------------------------------- Line -------------------------------------------------------------------------------- Calculation Period Notional Amount ($Amount($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 ------------------ ------------------ ---------- Effective Date 2/25/2006 123,128,699.66 10 2/25/2006 3/25/2006 118,476,773.23 10 3/25/2006 4/25/2006 94,145,175.68 113,972,495.34 10 2 4/25/2006 5/25/2006 90,279,223.79 109,608,287.03 10 3 5/25/2006 6/25/2006 86,752,974.91 105,377,188.00 10 4 6/25/2006 7/25/2006 83,217,497.19 101,272,848.46 10 5 7/25/2006 8/25/2006 79,870,024.95 97,289,484.84 10 6 8/25/2006 9/25/2006 76,698,007.21 93,421,870.17 10 7 9/25/2006 10/25/2006 73,630,091.18 89,665,310.88 10 8 10/25/2006 11/25/2006 70,661,601.69 86,015,622.20 10 9 11/25/2006 12/25/2006 67,788,251.59 10 82,469,122.13 10 12/25/2006 1/25/2007 65,006,133.20 79,022,611.32 10 11 1/25/2007 2/25/2007 62,311,683.53 75,673,408.06 10 12 2/25/2007 3/25/2007 59,701,751.06 72,466,973.72 10 13 3/25/2007 4/25/2007 57,173,726.57 69,397,398.71 10 14 4/25/2007 5/25/2007 54,733,215.83 66,458,801.82 10 15 5/25/2007 6/25/2007 52,397,461.47 63,645,556.09 10 16 6/25/2007 7/25/2007 50,162,052.30 60,952,277.78 10 17 7/25/2007 8/25/2007 48,022,651.63 58,373,815.80 10 18 8/25/2007 9/25/2007 45,975,110.99 55,894,915.42 10 19 9/25/2007 10/25/2007 44,015,462.49 53,257,862.97 10 20 10/25/2007 11/25/2007 42,018,088.34 16,893,306.75 10 21 11/25/2007 12/25/2007 23,158,083.40 16,272,688.37 10 22 12/25/2007 1/25/2008 11,222,584.11 15,674,922.86 10 23 1/25/2008 2/25/2008 10,776,772.46 15,099,164.71 10 24 2/25/2008 3/25/2008 10,376,173.86 14,544,599.93 10 25 3/25/2008 4/25/2008 9,990,559.21 14,010,444.81 10 26 4/25/2008 5/25/2008 9,619,363.21 13,495,943.32 10 27 5/25/2008 6/25/2008 9,262,041.63 13,000,177.69 10 28 6/25/2008 7/25/2008 8,918,032.02 12,522,658.00 10 29 7/25/2008 8/25/2008 8,586,849.56 12,062,709.78 10 30 8/25/2008 9/25/2008 8,268,037.12 11,579,396.15 10 31 9/25/2008 10/25/2008 7,961,128.99 10,303,055.07 10 32 10/25/2008 11/25/2008 7,399,147.00 9,342,853.37 10 33 11/25/2008 12/25/2008 5,739,038.20 9,011,487.65 10 34 12/25/2008 1/25/2009 5,481,705.66 8,691,788.13 10 35 1/25/2009 2/25/2009 5,291,180.15 8,383,346.82 10 36 2/25/2009 3/25/2009 5,107,203.45 8,085,769.92 10 37 3/25/2009 4/25/2009 4,929,553.26 7,798,677.29 10 38 4/25/2009 5/25/2009 4,758,014.50 7,521,696.90 10 39 5/25/2009 6/25/2009 4,592,378.50 7,254,475.79 10 40 6/25/2009 7/25/2009 4,432,441.21 6,996,676.85 10 41 7/25/2009 8/25/2009 4,278,013.30 6,747,970.10 10 42 8/25/2009 9/25/2009 4,128,907.43 6,508,037.03 10 43 9/25/2009 10/25/2009 3,984,942.34 6,276,570.20 10 44 10/25/2009 11/25/2009 3,845,942.80 6,053,272.09 10 45 11/25/2009 12/25/2009 3,711,739.59 5,837,855.56 10 46 12/25/2009 1/25/2010 3,582,168.19 5,630,045.97 10 47 1/25/2010 2/25/2010 3,457,071.42 5,429,576.52 10 48 2/25/2010 3/25/2010 3,336,296.64 5,236,189.72 10 49 3/25/2010 4/25/2010 3,219,696.21 5,049,637.04 10 50 4/25/2010 5/25/2010 3,107,127.48 4,869,678.64 10 51 5/25/2010 6/25/2010 2,998,452.63 4,696,083.02 10 52 6/25/2010 7/25/2010 2,893,538.46 4,528,626.75 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 4,367,094.23 10 [LETTERHEAD OF MORGAN STANLEY LOGOSTANLEY] 0500 XXXXDWAY NEX XXXX, XX 00000-0000 March 30January 27, 2006 Deutsche Bank National Trust Company A DEUTSCHE BANK NATIONAL TRUST COMPANY a national bankixx xxxxxxxxxxxbanking association, xxx xxxxxxduallynot individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006ABS Capital I Inc. Trxxx 0000-2 (the "Trust") XX0, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Certificates, Series 2006-2 NC1 1761 East St. Andrew Place Santa Ana, California 92705Xxxxxxxxxx 00000-4934 0000 Ladies axx Xxxxxxxxxand Gentlemen: Xx In consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30of January 27, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation x Xxlxxxxx xorporation (hereinaftxx hereinafter "XXCXMSCS") xxx Deutsche Bank national Trust Companyand DEUTSCHE BANK NATIONAL TRUST COMPANY, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006ABS Capital I Inc. Trxxx 0000-2 (the "Trust") XX0, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Certificates, Series 2006-2 NC1 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation corporatixx (hereinafter xxrxxxxxxxr "MS"), hereby irrevxxxxxx xxx xxxonditionally irrevocably and unconditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 1 contract
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee on behalf of the Supplemental Interest Trust under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust Party B is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Supplemental Interest Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY MXXXXX SXXXXXX CAPITAL SERVICES INC. XxBy: /s/ David N. Moore ---------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Party B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006on behalf of the Supplemental Interest Trust with respect to Mxxxxx Sxxxxxx ABS Capital I Inc. Trust 2007-2NC1, Mortgage Pass-Through Certificates, Series 20062007-2 NC1 By: /s/ Marion Hogan ---------------------------------- Name: Marion Hogan Title: Assocxxxx SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 1/25/2008 77,167,175.55 10 2 4/25/2006 5/25/2006 90,279,223.79 1/25/2008 2/25/2008 73,917,347.83 10 3 5/25/2006 6/25/2006 86,752,974.91 2/25/2008 3/25/2008 70,804,122.71 10 4 6/25/2006 7/25/2006 83,217,497.19 3/25/2008 4/25/2008 67,823,121.65 10 5 7/25/2006 8/25/2006 79,870,024.95 4/25/2008 5/25/2008 64,968,685.98 10 6 8/25/2006 9/25/2006 76,698,007.21 5/25/2008 6/25/2008 62,235,400.80 10 7 9/25/2006 10/25/2006 73,630,091.18 6/25/2008 7/25/2008 59,618,084.44 10 8 10/25/2006 11/25/2006 70,661,601.69 7/25/2008 8/25/2008 57,111,778.39 10 9 11/25/2006 12/25/2006 67,788,251.59 8/25/2008 9/25/2008 54,702,313.97 10 10 12/25/2006 1/25/2007 65,006,133.20 9/25/2008 10/25/2008 43,185,242.21 10 11 1/25/2007 2/25/2007 62,311,683.53 10/25/2008 11/25/2008 40,589,845.01 10 12 2/25/2007 3/25/2007 59,701,751.06 11/25/2008 12/25/2008 38,914,734.43 10 13 3/25/2007 4/25/2007 57,173,726.57 12/25/2008 1/25/2009 37,309,449.71 10 14 4/25/2007 5/25/2007 54,733,215.83 1/25/2009 2/25/2009 35,771,052.24 10 15 5/25/2007 6/25/2007 52,397,461.47 2/25/2009 3/25/2009 34,287,170.38 10 16 6/25/2007 7/25/2007 50,162,052.30 3/25/2009 4/25/2009 23,524,938.40 10 17 7/25/2007 8/25/2007 48,022,651.63 4/25/2009 5/25/2009 21,766,545.41 10 18 8/25/2007 9/25/2007 45,975,110.99 5/25/2009 6/25/2009 20,904,374.65 10 19 9/25/2007 10/25/2007 44,015,462.49 6/25/2009 7/25/2009 20,076,746.07 10 20 10/25/2007 11/25/2007 42,018,088.34 7/25/2009 8/25/2009 19,277,274.74 10 21 11/25/2007 12/25/2007 23,158,083.40 8/25/2009 9/25/2009 18,336,623.70 10 22 12/25/2007 1/25/2008 11,222,584.11 9/25/2009 10/25/2009 11,665,531.93 10 23 1/25/2008 2/25/2008 10,776,772.46 10/25/2009 11/25/2009 10,692,872.63 10 24 2/25/2008 3/25/2008 10,376,173.86 11/25/2009 12/25/2009 10,303,290.73 10 25 3/25/2008 4/25/2008 9,990,559.21 12/25/2009 1/25/2010 9,927,946.81 10 26 4/25/2008 5/25/2008 9,619,363.21 1/25/2010 2/25/2010 9,561,275.99 10 27 5/25/2008 6/25/2008 9,262,041.63 2/25/2010 3/25/2010 9,037,993.55 10 28 6/25/2008 7/25/2008 8,918,032.02 3/25/2010 4/25/2010 8,089,689.50 10 29 7/25/2008 8/25/2008 8,586,849.56 4/25/2010 5/25/2010 7,726,417.63 10 30 8/25/2008 9/25/2008 8,268,037.12 10 31 9/25/2008 10/25/2008 7,961,128.99 5/25/2010 6/25/2010 7,452,001.05 10 32 10/25/2008 11/25/2008 7,399,147.00 7/25/2010 8/25/2010 6,929,096.74 10 33 11/25/2008 12/25/2008 5,739,038.20 8/25/2010 9/25/2010 6,583,068.67 10 34 12/25/2008 1/25/2009 5,481,705.66 9/25/2010 10/25/2010 5,996,077.08 10 35 1/25/2009 2/25/2009 5,291,180.15 10/25/2010 11/25/2010 5,744,564.57 10 36 2/25/2009 3/25/2009 5,107,203.45 11/25/2010 12/25/2010 5,544,686.28 10 37 3/25/2009 4/25/2009 4,929,553.26 12/25/2010 1/25/2011 5,351,693.25 10 38 4/25/2009 5/25/2009 4,758,014.50 1/25/2011 2/25/2011 5,165,350.83 10 39 5/25/2009 6/25/2009 4,592,378.50 2/25/2011 3/25/2011 4,985,432.28 10 40 6/25/2009 7/25/2009 4,432,441.21 3/25/2011 4/25/2011 4,811,718.50 10 41 7/25/2009 8/25/2009 4,278,013.30 4/25/2011 5/25/2011 4,643,997.75 10 42 8/25/2009 9/25/2009 4,128,907.43 5/25/2011 6/25/2011 4,482,065.46 10 43 9/25/2009 10/25/2009 3,984,942.34 6/25/2011 7/25/2011 4,325,723.92 10 44 10/25/2009 11/25/2009 3,845,942.80 7/25/2011 8/25/2011 4,173,921.65 10 45 11/25/2009 12/25/2009 3,711,739.59 8/25/2011 9/25/2011 4,019,999.98 10 46 12/25/2009 1/25/2010 3,582,168.19 9/25/2011 10/25/2011 3,868,572.55 10 47 1/25/2010 2/25/2010 3,457,071.42 10/25/2011 11/25/2011 3,732,465.30 10 48 2/25/2010 3/25/2010 3,336,296.64 11/25/2011 12/25/2011 3,602,050.78 10 49 3/25/2010 4/25/2010 3,219,696.21 12/25/2011 1/25/2012 3,476,144.50 10 50 4/25/2010 5/25/2010 3,107,127.48 1/25/2012 2/25/2012 3,353,721.71 10 51 5/25/2010 6/25/2010 2,998,452.63 2/25/2012 3/25/2012 3,228,056.20 10 52 6/25/2010 7/25/2010 2,893,538.46 3/25/2012 4/25/2012 3,104,123.79 10 53 7/25/2010 8/25/2010 2,792,256.30 4/25/2012 5/25/2012 2,994,660.60 10 54 8/25/2010 5/25/2012 6/25/2012 2,889,975.03 10 55 6/25/2012 7/25/2012 2,788,908.01 10 56 7/25/2012 8/25/2012 2,690,840.08 10 57 8/25/2012 9/25/2012 2,591,891.89 10 58 9/25/2012 10/25/2012 2,494,884.18 10 59 10/25/2012 11/25/2012 2,407,040.66 10 60 11/25/2012 12/25/2012 2,322,800.48 10 61 12/25/2012 Termination Date 2,694,481.80 2,241,474.37 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXXEXHIBIT U PURCHASE AGREEMENT EXECUTION COPY SIXTH AMENDED AND RESTATED MORTGAGE LOAN PURCHASE AND WARRANTIES AGREEMENT _______________ MXXXXX SXXXXXX MORTGAGE CAPITAL INC., XX 00000-0000 March 30Purchaser NC CAPITAL CORPORATION, Seller _______________ Dated as of May 1, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxxConventional, xxx xxxxxxduallyFixed and Adjustable Rate, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") B/C Residential Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx: Xx consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust Company, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace periodLoans TABLE OF CONTENTS SECTION 1. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:DEFINITIONS.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc1)
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee of the Trust under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY MXXXXX SXXXXXX CAPITAL SERVICES INC. XxBy: /s/ David N. Moore ---------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Party B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx Xrxxx 0006on behalf of the Supplemental Interest Trust with respect to Mxxxxx Sxxxxxx ABS Capital I Inc. Trust 2006-2HE7, Mortgage Pass-Through Certificates, Series 2006-2 HE7 By: /s/ Marion Hogan ---------------------------------- Name: Marion Hogan Title: Assocxxxx SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 9/25/2007 82,702,817.22 10 2 4/25/2006 5/25/2006 90,279,223.79 9/25/2007 10/25/2007 79,252,337.55 10 3 5/25/2006 6/25/2006 86,752,974.91 10/25/2007 11/25/2007 75,906,596.78 10 4 6/25/2006 7/25/2006 83,217,497.19 11/25/2007 12/25/2007 72,680,709.12 10 5 7/25/2006 8/25/2006 79,870,024.95 12/25/2007 1/25/2008 69,591,332.45 10 6 8/25/2006 9/25/2006 76,698,007.21 1/25/2008 2/25/2008 66,635,154.84 10 7 9/25/2006 10/25/2006 73,630,091.18 2/25/2008 3/25/2008 63,806,093.53 10 8 10/25/2006 11/25/2006 70,661,601.69 3/25/2008 4/25/2008 61,098,054.82 10 9 11/25/2006 12/25/2006 67,788,251.59 4/25/2008 5/25/2008 58,505,826.63 10 10 12/25/2006 1/25/2007 65,006,133.20 5/25/2008 6/25/2008 56,024,422.64 10 11 1/25/2007 2/25/2007 62,311,683.53 6/25/2008 7/25/2008 52,288,149.62 10 12 2/25/2007 3/25/2007 59,701,751.06 7/25/2008 8/25/2008 40,177,375.31 10 13 3/25/2007 4/25/2007 57,173,726.57 8/25/2008 9/25/2008 38,506,435.12 10 14 4/25/2007 5/25/2007 54,733,215.83 9/25/2008 10/25/2008 36,905,649.55 10 15 5/25/2007 6/25/2007 52,397,461.47 10/25/2008 11/25/2008 35,372,046.96 10 16 6/25/2007 7/25/2007 50,162,052.30 11/25/2008 12/25/2008 33,902,782.59 10 17 7/25/2007 8/25/2007 48,022,651.63 12/25/2008 1/25/2009 31,113,202.48 10 18 8/25/2007 9/25/2007 45,975,110.99 1/25/2009 2/25/2009 19,792,532.86 10 19 9/25/2007 10/25/2007 44,015,462.49 2/25/2009 3/25/2009 19,007,395.87 10 20 10/25/2007 11/25/2007 42,018,088.34 3/25/2009 4/25/2009 18,253,769.28 10 21 11/25/2007 12/25/2007 23,158,083.40 4/25/2009 5/25/2009 17,530,373.00 10 22 12/25/2007 1/25/2008 11,222,584.11 5/25/2009 6/25/2009 16,835,979.58 10 23 1/25/2008 2/25/2008 10,776,772.46 6/25/2009 7/25/2009 15,371,230.50 10 24 2/25/2008 3/25/2008 10,376,173.86 7/25/2009 8/25/2009 8,668,472.34 10 25 3/25/2008 4/25/2008 9,990,559.21 8/25/2009 9/25/2009 8,360,312.45 10 26 4/25/2008 5/25/2008 9,619,363.21 9/25/2009 10/25/2009 8,063,088.05 10 27 5/25/2008 6/25/2008 9,262,041.63 10/25/2009 11/25/2009 7,776,411.26 10 28 6/25/2008 7/25/2008 8,918,032.02 11/25/2009 12/25/2009 7,499,907.91 10 29 7/25/2008 8/25/2008 8,586,849.56 12/25/2009 1/25/2010 7,224,243.76 10 30 8/25/2008 9/25/2008 8,268,037.12 1/25/2010 2/25/2010 6,586,663.06 10 31 9/25/2008 10/25/2008 7,961,128.99 2/25/2010 3/25/2010 6,355,951.28 10 32 10/25/2008 11/25/2008 7,399,147.00 3/25/2010 4/25/2010 6,133,269.14 10 33 11/25/2008 12/25/2008 5,739,038.20 4/25/2010 5/25/2010 5,918,338.91 10 34 12/25/2008 1/25/2009 5,481,705.66 5/25/2010 6/25/2010 5,710,892.39 10 35 1/25/2009 2/25/2009 5,291,180.15 6/25/2010 7/25/2010 5,505,549.88 10 36 2/25/2009 3/25/2009 5,107,203.45 7/25/2010 8/25/2010 5,095,329.51 10 37 3/25/2009 4/25/2009 4,929,553.26 8/25/2010 9/25/2010 4,918,718.61 10 38 4/25/2009 5/25/2009 4,758,014.50 9/25/2010 10/25/2010 4,748,166.66 10 39 5/25/2009 6/25/2009 4,592,378.50 10/25/2010 11/25/2010 4,583,468.16 10 40 6/25/2009 7/25/2009 4,432,441.21 11/25/2010 12/25/2010 4,424,424.48 10 41 7/25/2009 8/25/2009 4,278,013.30 12/25/2010 1/25/2011 4,270,843.65 10 42 8/25/2009 9/25/2009 4,128,907.43 1/25/2011 2/25/2011 4,122,540.10 10 43 9/25/2009 10/25/2009 3,984,942.34 2/25/2011 3/25/2011 3,979,334.52 10 44 10/25/2009 11/25/2009 3,845,942.80 3/25/2011 4/25/2011 3,841,053.59 10 45 11/25/2009 12/25/2009 3,711,739.59 10 46 12/25/2009 1/25/2010 3,582,168.19 10 47 1/25/2010 2/25/2010 3,457,071.42 10 48 2/25/2010 3/25/2010 3,336,296.64 10 49 3/25/2010 4/25/2010 3,219,696.21 10 50 4/25/2010 5/25/2010 3,107,127.48 10 51 5/25/2010 6/25/2010 2,998,452.63 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 4/25/2011 Termination Date 2,694,481.80 3,707,529.81 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXXEXHIBIT U NC CAPITAL PURCHASE AGREEMENT FIFTH AMENDED AND RESTATED MORTGAGE LOAN PURCHASE AND WARRANTIES AGREEMENT MXXXXX SXXXXXX MORTGAGE CAPITAL INC., XX 00000-0000 Purchaser NC CAPITAL CORPORATION, Seller Dated as of March 301, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxxConventional, xxx xxxxxxduallyFixed and Adjustable Rate, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") B/C Residential Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 Ladies axx Xxxxxxxxx: Xx consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30, 2006 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust Company, a national banking association, not individually, but solely as Trustee for Morgan Stanley Home Equity Loan Trust 2006-2 (the "Trust") Mortgage Pasx-Xxxxuxx Xxxxificates, Series 2006-2 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace periodLoans TABLE OF CONTENTS SECTION 1. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:DEFINITIONS.
Appears in 1 contract
Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-He7)
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank National Trust Company (i) this Confirmation is executed and delivered by Deutsche Bank National Trust Company not in its individual capacity but solely as Trustee under the PSA in the exercise of the powers and authority conferred and invested in it as trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank National Trust Company in its individual capacity be personally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY XXXXXX XXXXXXX CAPITAL SERVICES INC. XxBy: /s/ David N. Moore ---------------------------------- Xxxxx X. Xxxxx ----------------------------- Name: David N. Moore Xxxxx X. Xxxxx Title: Vicx Xxxxxxxxx Xarty Vice President Party B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK NATIONAL TRUST COMPANY, not individually, but solely as Trustee for Morgan Stanley Xxxxxx Xxxxxxx Home Equity Xxxx Xrxxx 0006Loan Trust 2006-23, Mortgage Pass-Through Certificates, Series 2006-2 3 By: /s/ Marion Hogan ---------------------------------- Xxxxxx Xxxxx --------------------------- Name: Marion Hogan Xxxxxx Xxxxx Title: Assocxxxx Associate SCHEDULE I ------------------------------------------------------------------------------- Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 10 2 4/25/2006 5/25/2006 90,279,223.79 10 3 5/25/2006 6/25/2006 86,752,974.91 10 4 6/25/2006 7/25/2006 83,217,497.19 10 5 7/25/2006 8/25/2006 79,870,024.95 10 6 8/25/2006 9/25/2006 76,698,007.21 10 7 9/25/2006 10/25/2006 73,630,091.18 10 8 10/25/2006 11/25/2006 70,661,601.69 10 9 11/25/2006 12/25/2006 67,788,251.59 10 10 12/25/2006 1/25/2007 65,006,133.20 10 11 1/25/2007 2/25/2007 62,311,683.53 10 12 2/25/2007 3/25/2007 59,701,751.06 10 13 3/25/2007 4/25/2007 57,173,726.57 10 14 4/25/2007 5/25/2007 54,733,215.83 10 15 5/25/2007 6/25/2007 52,397,461.47 10 16 6/25/2007 7/25/2007 50,162,052.30 10 17 7/25/2007 8/25/2007 48,022,651.63 10 18 8/25/2007 9/25/2007 45,975,110.99 10 19 9/25/2007 10/25/2007 44,015,462.49 10 20 10/25/2007 11/25/2007 42,018,088.34 10 21 11/25/2007 12/25/2007 23,158,083.40 10 22 12/25/2007 1/25/2008 11,222,584.11 10 23 1/25/2008 2/25/2008 10,776,772.46 10 24 2/25/2008 3/25/2008 10,376,173.86 10 25 3/25/2008 4/25/2008 9,990,559.21 10 26 4/25/2008 5/25/2008 9,619,363.21 10 27 5/25/2008 6/25/2008 9,262,041.63 10 28 6/25/2008 7/25/2008 8,918,032.02 10 29 7/25/2008 8/25/2008 8,586,849.56 10 30 8/25/2008 9/25/2008 8,268,037.12 10 31 9/25/2008 10/25/2008 7,961,128.99 10 32 10/25/2008 11/25/2008 7,399,147.00 10 33 11/25/2008 12/25/2008 5,739,038.20 10 34 12/25/2008 1/25/2009 5,481,705.66 10 35 1/25/2009 2/25/2009 5,291,180.15 10 36 2/25/2009 3/25/2009 5,107,203.45 10 37 3/25/2009 4/25/2009 4,929,553.26 10 38 4/25/2009 5/25/2009 4,758,014.50 10 39 5/25/2009 6/25/2009 4,592,378.50 10 40 6/25/2009 7/25/2009 4,432,441.21 10 41 7/25/2009 8/25/2009 4,278,013.30 10 42 8/25/2009 9/25/2009 4,128,907.43 10 43 9/25/2009 10/25/2009 3,984,942.34 10 44 10/25/2009 11/25/2009 3,845,942.80 10 45 11/25/2009 12/25/2009 3,711,739.59 10 46 12/25/2009 1/25/2010 3,582,168.19 10 47 1/25/2010 2/25/2010 3,457,071.42 10 48 2/25/2010 3/25/2010 3,336,296.64 10 49 3/25/2010 4/25/2010 3,219,696.21 10 50 4/25/2010 5/25/2010 3,107,127.48 10 51 5/25/2010 6/25/2010 2,998,452.63 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 10 [MORGAN STANLEY XXXXXX XXXXXXX LOGO] 0500 XXXXDWAY NEX XXXXXX XXXXXXX 0000 XXXXXXXX XXX XXXX, XX 00000-0000 March 30May 25, 2006 Deutsche Bank National Trust Company DEUTSCHE BANK NATIONAL TRUST COMPANY A national bankixx xxxxxxxxxxxbanking association, xxx xxxxxxduallynot individually, but solely as Trustee for Morgan Stanley Xxxxxx Xxxxxxx Home Equity Loan Trust 2006-2 3 (the "Trust") Mortgage PasxTrust")Mortgage Pass-Xxxxuxx XxxxificatesThrough Certificates, Series 2006-2 1761 East St. Andrew Place 3 0000 Xxxx Xx. Xxxxxx Xxxxx Santa Ana, California CA 92705-4934 Ladies axx Xxxxxxxxxand Gentlemen: Xx In consideration of that certain ISDA Master Agreement and that certain ISDA Schedule, each dated as March 30of May 25, 2006 between Morgan Stanley Xxxxxx Xxxxxxx Capital Services Inc., a Delaware corporation (hereinaftxx hereinafter "XXCXMSCS") xxx Deutsche Bank national Trust Companyand DEUTSCHE BANK NATIONAL TRUST COMPANY, a national banking association, not individually, but solely as Trustee for Morgan Stanley Xxxxxx Xxxxxxx Home Equity Loan Trust 2006-2 (the "Trust") 3, Mortgage PasxPass-Xxxxuxx XxxxificatesThrough Certificates, Series 2006-2 3 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA Schedule, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan StanleyXxxxxx Xxxxxxx, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally irrevocably and unconditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 1 contract
Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-3)
Trustee Capacity. Ix xx xxxxxxxxx It is expressly understood and agreed by the parties hereto that insofar as this Confirmation is executed by Deutsche Bank Wells Fargo Bank, National Trust Company Association (i) this Confirmation is executed execxxxx and delivered by Deutsche Bank Wells Fargo Bank, National Trust Company Association not in its individual capacity but capacitx xxx solely as Trustee of the Trust under the PSA in the exercise of the powers and authority conferred and invested in it as trustee Trustee thereunder, (ii) each of the representations, undertakings and agreements herein made on behalf of the Trust Party B is made and intended not as personal representations of the Trustee but is made and intended for the purpose of binding only the Trust, and (iii) under no circumstances shall Deutsche Bank Wells Fargo Bank, National Trust Company Association in its individual capacity be personally xxxxonally liable for the payment of any indebtedness or expenses or be personally liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken under this Confirmation. [GRAPHIC OMITTED] -------------------------------------------------------------------------------- We are very pleased to have entered into this Transaction with you and we look forward to completing other transactions with you in the near future. Very truly yours, MORGAN STANLEY CAPITAL SERVICES INC. Xx: /s/ /x/ David N. Moore ---------------------------------- ------------------------------------- Name: David N. Moore Title: Vicx Xxxxxxxxx Xarty Vice Prxxxxxxx Xxxxx B, acting through its duly authorized signatory, hereby agrees to, accepts and confirms the terms of the foregoing as of the Trade Date. DEUTSCHE BANK WELLS FARGO BANK, NATIONAL TRUST COMPANYASSOCIATION, not individually, but solely as Trustee for Morgan Stanley Home Equity Xxxx ABS Capital I Xxx. Xrxxx 00060007-2HE4, Mortgage Pass-Through Certificates, Series 20062007-2 HE4 By: /s/ Marion Hogan ---------------------------------- Patricia M. Russo -------------------------------------- Name: Marion Hogan Patricia M. Russo Title: Assocxxxx Vice Xxxxxxxxx [XXRGAN STANLEY LOGO] -------------------------------------------------------------------------------- SCHEDULE I ------------------------------------------------------------------------------- Calculation Line Calculation Period Notional Amount ($) Multiplier -------- ---------------------------------- ------------------- --------------------------------- ---------------------- ------------ 1 Effective Date 4/25/2006 94,145,175.68 3/25/2008 40,613,905.64 10 2 4/25/2006 5/25/2006 90,279,223.79 3/25/2008 4/25/2008 38,884,626.40 10 3 5/25/2006 6/25/2006 86,752,974.91 4/25/2008 5/25/2008 37,224,798.45 10 4 6/25/2006 7/25/2006 83,217,497.19 5/25/2008 6/25/2008 35,634,623.55 10 5 7/25/2006 8/25/2006 79,870,024.95 6/25/2008 7/25/2008 34,114,467.61 10 6 8/25/2006 9/25/2006 76,698,007.21 7/25/2008 8/25/2008 32,659,613.37 10 7 9/25/2006 10/25/2006 73,630,091.18 8/25/2008 9/25/2008 31,264,766.61 10 8 10/25/2006 11/25/2006 70,661,601.69 9/25/2008 10/25/2008 29,932,283.07 10 9 11/25/2006 12/25/2006 67,788,251.59 10/25/2008 11/25/2008 28,652,861.73 10 10 12/25/2006 1/25/2007 65,006,133.20 11/25/2008 12/25/2008 22,595,085.38 10 11 1/25/2007 2/25/2007 62,311,683.53 12/25/2008 1/25/2009 20,249,601.70 10 12 2/25/2007 3/25/2007 59,701,751.06 1/25/2009 2/25/2009 19,403,177.32 10 13 3/25/2007 4/25/2007 57,173,726.57 2/25/2009 3/25/2009 18,589,949.28 10 14 4/25/2007 5/25/2007 54,733,215.83 3/25/2009 4/25/2009 17,813,518.86 10 15 5/25/2007 6/25/2007 52,397,461.47 4/25/2009 5/25/2009 17,065,619.27 10 16 6/25/2007 7/25/2007 50,162,052.30 5/25/2009 6/25/2009 11,446,356.38 10 17 7/25/2007 8/25/2007 48,022,651.63 6/25/2009 7/25/2009 9,568,898.42 10 18 8/25/2007 9/25/2007 45,975,110.99 7/25/2009 8/25/2009 9,187,608.87 10 19 9/25/2007 10/25/2007 44,015,462.49 8/25/2009 9/25/2009 8,820,264.67 10 20 10/25/2007 11/25/2007 42,018,088.34 9/25/2009 10/25/2009 8,469,155.16 10 21 11/25/2007 12/25/2007 23,158,083.40 10/25/2009 11/25/2009 8,122,012.96 10 22 12/25/2007 1/25/2008 11,222,584.11 11/25/2009 12/25/2009 4,846,381.05 10 23 1/25/2008 2/25/2008 10,776,772.46 12/25/2009 1/25/2010 3,804,210.52 10 24 2/25/2008 3/25/2008 10,376,173.86 1/25/2010 2/25/2010 3,671,043.75 10 25 3/25/2008 4/25/2008 9,990,559.21 2/25/2010 3/25/2010 3,542,510.63 10 26 4/25/2008 5/25/2008 9,619,363.21 3/25/2010 4/25/2010 3,418,450.86 10 27 5/25/2008 6/25/2008 9,262,041.63 4/25/2010 5/25/2010 3,290,825.18 10 28 6/25/2008 7/25/2008 8,918,032.02 5/25/2010 6/25/2010 3,021,054.06 10 29 7/25/2008 8/25/2008 8,586,849.56 6/25/2010 7/25/2010 2,858,366.46 10 30 8/25/2008 9/25/2008 8,268,037.12 7/25/2010 8/25/2010 2,760,219.90 10 31 9/25/2008 10/25/2008 7,961,128.99 8/25/2010 9/25/2010 2,665,400.02 10 32 10/25/2008 11/25/2008 7,399,147.00 9/25/2010 10/25/2010 2,573,795.79 10 33 11/25/2008 12/25/2008 5,739,038.20 10/25/2010 11/25/2010 2,480,804.77 10 34 12/25/2008 1/25/2009 5,481,705.66 11/25/2010 12/25/2010 2,307,336.19 10 35 1/25/2009 2/25/2009 5,291,180.15 12/25/2010 1/25/2011 2,195,581.80 10 36 2/25/2009 3/25/2009 5,107,203.45 1/25/2011 2/25/2011 2,121,224.41 10 37 3/25/2009 4/25/2009 4,929,553.26 2/25/2011 3/25/2011 2,049,338.13 10 38 4/25/2009 5/25/2009 4,758,014.50 3/25/2011 4/25/2011 1,979,842.83 10 39 5/25/2009 6/25/2009 4,592,378.50 4/25/2011 5/25/2011 1,912,660.86 10 40 6/25/2009 7/25/2009 4,432,441.21 5/25/2011 6/25/2011 1,847,717.03 10 41 7/25/2009 8/25/2009 4,278,013.30 6/25/2011 7/25/2011 1,784,938.49 10 42 8/25/2009 9/25/2009 4,128,907.43 7/25/2011 8/25/2011 1,724,254.72 10 43 9/25/2009 10/25/2009 3,984,942.34 8/25/2011 9/25/2011 1,665,597.40 10 44 10/25/2009 11/25/2009 3,845,942.80 9/25/2011 10/25/2011 1,608,900.36 10 45 11/25/2009 12/25/2009 3,711,739.59 10/25/2011 11/25/2011 1,553,316.72 10 46 12/25/2009 1/25/2010 3,582,168.19 11/25/2011 12/25/2011 1,429,889.49 10 47 1/25/2010 2/25/2010 3,457,071.42 12/25/2011 1/25/2012 1,381,565.40 10 48 2/25/2010 3/25/2010 3,336,296.64 1/25/2012 2/25/2012 1,335,148.33 10 49 3/25/2010 4/25/2010 3,219,696.21 2/25/2012 3/25/2012 1,290,253.86 10 50 4/25/2010 5/25/2010 3,107,127.48 10 51 5/25/2010 6/25/2010 2,998,452.63 10 52 6/25/2010 7/25/2010 2,893,538.46 10 53 7/25/2010 8/25/2010 2,792,256.30 10 54 8/25/2010 Termination Date 2,694,481.80 3/25/2012 4/25/2012 1,246,833.61 10 [MORGAN STANLEY LOGO] 0500 XXXXDWAY NEX XXXX-------------------------------------------------------------------------------- 1585 Broadway Xxx Xxxx, XX 00000-00000 Xxxxxx Xxxxxxx Xxxxx 00, 0000 March 30Xxxxx Xxxxx Xxxx, 2006 Deutsche Bank National Trust Company A national bankixx xxxxxxxxxxxXxxxxxxx Xxxxxxxxxxn, xxx xxxxxxduallyxnxxxxxxxlly, but solely as Trustee Xxxxtee for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 20062007-2 HE4 (the "Trust") Mortgage Pasx), Mortgagx Xxxx-Xxxxuxx XxxxificatesXxxxxxx Certificates Series 2007-HE4 9062 Old Annapolis Road Columbia, Series 2006-2 1761 East St. Andrew Place Santa Ana, California 92705-4934 MD 21045 Ladies axx Xxxxxxxxxand Gentlemen: Xx consideration of that certain ISDA xxxxxxxxxxxxx xx xxxx xxxxxxx XSDA Master Agreement and that certain ISDA Schedule, each dated as of March 3029, 2006 2007 between Morgan Stanley Capital Services Inc., a Delaware corporation (hereinaftxx "XXCX") xxx Deutsche Bank national Trust CompanyWells Fargo Bank, a national banking associationNational Association, not individually, but solely as Trustee Xxxxtee for Morgan Stanley Home Equity Loan ABS Capital I Inc. Trust 20062007-2 HE4 (the "Trust") Mortgage Pasx), Mortgagx Xxxx-Xxxxuxx Xxxxificates, Xxxxxxx Certificates Series 20062007-2 HE4 (hereinafter "Counterparty") (such ISDA Master Agreement and ISDA ScheduleAgreement, together with each Confirmation exchanged between the parties pursuant thereto, hereinafter the "Agreement"), Morgan Stanley, a Delaware corporation (hereinafter "MS"), hereby irrevxxxxxx xxx xxxonditionally guarantees to Counterparty, with effect from the date of the Agreement, the due and punctual payment of all amounts payable by MSCS under the Agreement when the same shall become due and payable, whether on Scheduled Payment Dates, upon demand, upon declaration of termination or otherwise, in accordance with the terms of the Agreement and giving effect to any applicable grace period. Upon failure of MSCS punctually to pay any such amounts, and upon written demand by Counterparty to MS at its address set forth in the signature block of this Guarantee (or to such other address as MS may specify in writing), MS agrees to pay or cause to be paid such amounts; provided that delay by Counterparty in giving such demand shall in no event affect MS's obligations under this Guarantee. MS hereby agrees that its obligations hereunder shall be unconditional and will not be discharged except by complete payment of the amounts payable under the Agreement, irrespective of any claim as to the Agreement's validity, regularity or enforceability or the lack of authority of MSCS to execute or deliver the Agreement; or any change in or amendment to the Agreement; or any waiver or consent by Counterparty with respect to any provisions thereof; or the absence of any action to enforce the Agreement or the recovery of any judgment against MSCS or of any action to enforce a judgment against MSCS under the Agreement; or any similar circumstance which might otherwise constitute a legal or equitable discharge or defense of a guarantor generally. MS hereby waives diligence, presentment, demand on MSCS for payment or otherwise (except as provided hereinabove), filing of claims, requirement of a prior proceeding against MSCS and protest or notice, except as provided for in the Agreement with respect to amounts payable by MSCS. If at any time payment under the Agreement is rescinded or must be otherwise restored or returned by Counterparty upon the insolvency, bankruptcy or reorganization of MSCS or MS or otherwise, MS's obligations hereunder with respect to such payment shall be reinstated upon such restoration or return being made by Counterparty. MS represents to Counterparty as of the date hereof, which representations will be deemed to be repeated by MS on each date on which a Transaction is entered into, that:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-He4)
