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Residential Asset Securitization Trust 2007-A5 – ‘8-K’ for 3/29/07 – EX-99.7

On:  Friday, 4/13/07, at 5:13pm ET   ·   For:  3/29/07   ·   Accession #:  905148-7-3204   ·   File #:  333-132042-64

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 4/13/07  Residential Asset Securi… 2007-A5 8-K:8,9     3/29/07   10:2.8M                                   Sidley Austin LLP/FA

Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     39K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML   1.13M 
 3: EX-99.2     Miscellaneous Exhibit                               HTML    116K 
 4: EX-99.3     Miscellaneous Exhibit                               HTML    234K 
 5: EX-99.4     Miscellaneous Exhibit                               HTML     96K 
 6: EX-99.5     Miscellaneous Exhibit                               HTML     44K 
 7: EX-99.6     Miscellaneous Exhibit                               HTML     41K 
 8: EX-99.7     Miscellaneous Exhibit                               HTML     86K 
 9: EX-99.8     Miscellaneous Exhibit                               HTML     37K 
10: EX-99.9     Miscellaneous Exhibit                               HTML     75K

EX-99.7   —   Miscellaneous Exhibit

This exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]

EXHIBIT 99.7
 
The Class 1-A-6 Confirmation between the Counterparty and the Supplemental Interest Trustee
BEAR STEARNS
 
 
BEAR STEARNS FINANCIAL PRODUCTS INC.
383 MADISON AVENUE
NEW YORK, NEW YORK 10179
212-272-4009




DATE:

TO:
Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trustee on behalf of the Supplemental Interest Trust with respect to Residential Asset Securitization Trust 2007-A5
ATTENTION:
Trust Administration IN0705
TELEPHONE:
714-247-6000
FACSIMILE:
714-656-2626

FROM:
Derivatives Documentation
TELEPHONE:
212-272-2711
FACSIMILE:
212-272-9857

SUBJECT:
Fixed Income Derivatives Confirmation

REFERENCE NUMBER(S):
FXNEC9361

The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into on the Trade Date specified below (the "Transaction") between Bear Stearns Financial Products Inc. (“Party A”) and Deutsche Bank National Trust Company, not in its individual capacity, but solely as Supplemental Interest Trustee on behalf of the Supplemental Interest Trust with respect to Residential Asset Securitization Trust 2007-A5 (“Party B”). Reference is hereby made to the Pooling and Servicing Agreement, dated as of March 1, 2007, among  IndyMac MBS, Inc., as depositor ('Depositor"), IndyMac Bank, F.S.B., as seller and servicer ("Seller and Servicer"), and Deutsche Bank National Trust Company, as supplemental interest trustee ("Supplemental Interest Trustee").  This letter agreement constitutes the sole and complete “Confirmation,” as referred to in the Master Agreement specified below, with respect to this Transaction.

1.
This Confirmation is subject to and incorporates the 2000 ISDA Definitions (the “Definitions”), as published by the International Swaps and Derivatives Association, Inc. (“ISDA”). This Confirmation supplements, forms a part of and is subject to the ISDA Master Agreement dated as of March 29, 2007 between Party A and Party B (the agreement, as amended and supplemented from time to time, being referred to herein as the “Master Agreement”).  All provisions contained in, or incorporated by reference to, the Master Agreement shall govern the Transaction referenced in this Confirmation except as expressly modified herein. In the event of any inconsistency between this Confirmation and the Definitions or Master Agreement, this Confirmation shall prevail.
 

 
 
Reference Number: FXNEC9361
Deutsche Bank National Trust Company, not in its individual capacity, but solely as
Supplemental Interest Trustee on behalf of the Supplemental Interest Trust with respect to
Residential Asset Securitization Trust 2007-A5
March 29, 2007
Page 2 of 6
 
 
2.
The terms of the particular Transaction to which this Confirmation relates are as follows:
 
Type of Transaction:
Rate Cap

 
Notional Amount:
With respect to any Calculation Period, the amount set forth for such period in Schedule I attached hereto.

Trade Date:

Effective Date:

 
Termination Date:

Fixed Amount (Premium):
Inapplicable. Premium has been paid under the Old Transaction.
 
Floating Amounts:

Floating Rate Payer:
Party A

Cap Rate:
6.10000%
 
Floating Rate Payer
 
Period End Dates:
The 25th calendar day of each month during the Term of this Transaction, commencing April 25, 2007 and ending on the Termination Date, with No Adjustment.
 

Floating Rate Payer
 
Payment Dates:
Early Payment shall be applicable. The Floating Rate Payer Payment Dates shall be two Business Days preceding each Floating Rate Payer Period End Date.

 
Floating Rate Option:
USD-LIBOR-BBA, provided, however, that if the Floating Rate determined from such Floating Rate Option for any Calculation Period is greater than 7.60000% then the Floating Rate for such Calculation Period shall be deemed to be 7.60000%.
 

 
 
Reference Number: FXNEC9361
Deutsche Bank National Trust Company, not in its individual capacity, but solely as
Supplemental Interest Trustee on behalf of the Supplemental Interest Trust with respect to
Residential Asset Securitization Trust 2007-A5
March 29, 2007
Page 3 of 6
 
Designated Maturity:
One month
 
Floating Rate Day
 
Count Fraction:
30/360

 
Reset Dates:
The first day of each Calculation Period.

 
Compounding:
Inapplicable

 
Business Days:
New York

Business Day Convention:
Following

 
Calculation Agent:
Party A

 
NEITHER THE BEAR STEARNS COMPANIES INC. NOR ANY SUBSIDIARY OR AFFILIATE OF THE BEAR STEARNS COMPANIES INC. OTHER THAN PARTY A IS AN OBLIGOR OR A CREDIT SUPPORT PROVIDER ON THIS TRANSACTION.
 
3.
Account Details and
Settlement Information:
Payments to Party A:
Citibank, N.A., New York
ABA Number: 021-0000-89, for the account of
Bear, Stearns Securities Corp.
Account Number: 0925-3186, for further credit to
Bear Stearns Financial Products Inc.
Sub-account  Number: 102-04654-1-3
Attention: Derivatives Department
 
Payments to Party B:
Deutsche Bank Trust Co-Americas
New York, NY  10006
ABA 021-001-033
Account 01419663
Name NYLTD Funds Control-Stars West
Re: IndyMac RAST 2007-A5
 
 
 
 

 
 
Reference Number: FXNEC9361
Deutsche Bank National Trust Company, not in its individual capacity, but solely as
Supplemental Interest Trustee on behalf of the Supplemental Interest Trust with respect to
Residential Asset Securitization Trust 2007-A5
March 29, 2007
Page 4 of 6
 
Additional Provisions:
Non-Reliance. Each party represents to the other party that (a) it has not received and is not relying upon any legal, tax, regulatory, accounting or other advice (whether written or oral) of the other party regarding this Transaction, other than representations expressly made by that other party in this Confirmation and in the Master Agreement and (b) in respect of this Transaction, (i) it has the capacity to evaluate (internally or through independent professional advice) this Transaction and has made its own decision to enter into this Transaction and (ii) it understands the terms, conditions and risks of this Transaction and is willing to assume (financially and otherwise) those risks.  Party B acknowledges that Party A has advised Party B to consult its own tax, accounting and legal advisors in connection with this Transaction evidenced by this Confirmation and that the Party B has done so.

This Confirmation may be executed in several counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument.

Party B hereby agrees to check this Confirmation and to confirm that the foregoing correctly sets forth the terms of the Transaction by signing in the space provided below and returning to Party A a facsimile of the fully-executed Confirmation to 212-272-9857. For inquiries regarding U.S. Transactions, please contact Derivatives Documentation by telephone at 212-272-2711.  For all other inquiries please contact Derivatives Documentation by telephone at 353-1-402-6233. Originals will be provided for your execution upon your request.

 
Reference Number: FXNEC9361
Deutsche Bank National Trust Company, not in its individual capacity, but solely as
Supplemental Interest Trustee on behalf of the Supplemental Interest Trust with respect to
Residential Asset Securitization Trust 2007-A5
March 29, 2007
Page 5 of 6
 
We are very pleased to have executed this Transaction with you and we look forward to completing other transactions with you in the near future.
 
Very truly yours,
 
BEAR STEARNS FINANCIAL PRODUCTS INC.


 By:  /s/ Annie Manevitz
   Name: Annie Manevitz
   Title: Authorized Signatory

am
 
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 IN ITS INDIVIDUAL CAPACITY, BUT SOLELY AS SUPPLEMENTAL INTEREST TRUSTEE ON BEHALF OF THE SUPPLEMENTAL INTEREST TRUST WITH RESPECT TO RESIDENTIAL ASSET SECURITIZATION TRUST 2007-A5
 

 
 By:  /s/ Jennifer Hermansader
   Name: Jennifer Hermansader
   Title: Associate

                 
am
 
 
Reference Number: FXNEC9361
Deutsche Bank National Trust Company, not in its individual capacity, but solely as
Supplemental Interest Trustee on behalf of the Supplemental Interest Trust with respect to
Residential Asset Securitization Trust 2007-A5
March 29, 2007
Page 6 of 6
 
 
SCHEDULE I

(all such dates subject to No Adjustment)

From and including
To but excluding
Notional Amount
(USD)
     
     
Effective Date
4/25/2007
88,483,000
4/25/2007
5/25/2007
87,660,148
5/25/2007
6/25/2007
86,752,188
6/25/2007
7/25/2007
85,760,704
7/25/2007
8/25/2007
84,687,485
8/25/2007
9/25/2007
83,534,561
9/25/2007
10/25/2007
82,304,199
10/25/2007
11/25/2007
80,998,899
11/25/2007
12/25/2007
79,621,383
12/25/2007
1/25/2008
78,174,590
1/25/2008
2/25/2008
76,661,967
2/25/2008
3/25/2008
75,116,125
3/25/2008
4/25/2008
73,587,610
4/25/2008
5/25/2008
72,088,203
5/25/2008
6/25/2008
70,617,352
6/25/2008
7/25/2008
69,174,515
7/25/2008
8/25/2008
67,759,162
8/25/2008
9/25/2008
66,370,771
9/25/2008
10/25/2008
65,008,832
10/25/2008
11/25/2008
63,672,843
11/25/2008
12/25/2008
62,362,311
12/25/2008
1/25/2009
61,076,756
1/25/2009
2/25/2009
59,815,703
2/25/2009
3/25/2009
58,578,687
3/25/2009
4/25/2009
57,365,253
4/25/2009
5/25/2009
56,174,954
5/25/2009
6/25/2009
55,007,351
6/25/2009
7/25/2009
53,862,013
7/25/2009
8/25/2009
52,738,520
8/25/2009
9/25/2009
51,636,456
9/25/2009
10/25/2009
50,555,414
10/25/2009
11/25/2009
49,494,998
11/25/2009
12/25/2009
48,454,815
12/25/2009
1/25/2010
47,434,481
1/25/2010
2/25/2010
46,433,621
2/25/2010
3/25/2010
45,451,864
3/25/2010
4/25/2010
44,488,849
4/25/2010
5/25/2010
43,544,220
5/25/2010
6/25/2010
42,617,629
6/25/2010
7/25/2010
41,708,733
7/25/2010
8/25/2010
40,817,196
8/25/2010
9/25/2010
39,942,690
9/25/2010
10/25/2010
39,084,891
10/25/2010
11/25/2010
38,243,483
11/25/2010
12/25/2010
37,418,154
12/25/2010
1/25/2011
36,608,599
1/25/2011
2/25/2011
35,814,519
2/25/2011
3/25/2011
35,035,622
3/25/2011
4/25/2011
34,271,617
4/25/2011
5/25/2011
33,522,224
5/25/2011
6/25/2011
32,787,164
6/25/2011
7/25/2011
32,066,166
7/25/2011
8/25/2011
31,358,963
8/25/2011
9/25/2011
30,665,293
9/25/2011
10/25/2011
29,984,900
10/25/2011
11/25/2011
29,317,531
11/25/2011
12/25/2011
28,662,939
12/25/2011
1/25/2012
28,020,882
1/25/2012
2/25/2012
27,391,123
2/25/2012
3/25/2012
26,773,426
3/25/2012
4/25/2012
26,167,565
4/25/2012
5/25/2012
25,600,772
5/25/2012
6/25/2012
25,045,192
6/25/2012
7/25/2012
24,500,610
7/25/2012
8/25/2012
23,966,815
8/25/2012
9/25/2012
23,443,599
9/25/2012
10/25/2012
22,930,760
10/25/2012
11/25/2012
22,428,098
11/25/2012
12/25/2012
21,935,417
12/25/2012
1/25/2013
21,452,525
1/25/2013
2/25/2013
20,979,235
2/25/2013
3/25/2013
20,515,361
3/25/2013
4/25/2013
20,060,723
4/25/2013
5/25/2013
19,623,652
5/25/2013
6/25/2013
19,195,345
6/25/2013
7/25/2013
18,775,633
7/25/2013
8/25/2013
18,364,348
8/25/2013
9/25/2013
17,961,327
9/25/2013
10/25/2013
17,566,411
10/25/2013
11/25/2013
17,179,441
11/25/2013
12/25/2013
16,800,264
12/25/2013
1/25/2014
16,428,729
1/25/2014
2/25/2014
16,064,686
2/25/2014
3/25/2014
15,707,991
3/25/2014
4/25/2014
15,358,501
4/25/2014
5/25/2014
15,031,538
5/25/2014
6/25/2014
14,711,197
6/25/2014
7/25/2014
14,397,349
7/25/2014
8/25/2014
14,089,865
8/25/2014
9/25/2014
13,788,619
9/25/2014
10/25/2014
13,493,490
10/25/2014
11/25/2014
13,204,357
11/25/2014
12/25/2014
12,921,101
12/25/2014
1/25/2015
12,643,606
1/25/2015
2/25/2015
12,371,760
2/25/2015
3/25/2015
12,105,450
3/25/2015
4/25/2015
11,844,567
4/25/2015
5/25/2015
11,602,421
5/25/2015
6/25/2015
11,365,122
6/25/2015
7/25/2015
11,132,577
7/25/2015
8/25/2015
10,904,690
8/25/2015
9/25/2015
10,681,371
9/25/2015
10/25/2015
10,462,529
10/25/2015
11/25/2015
10,248,075
11/25/2015
12/25/2015
10,037,924
12/25/2015
1/25/2016
9,831,989
1/25/2016
2/25/2016
9,630,189
2/25/2016
3/25/2016
9,432,441
3/25/2016
4/25/2016
9,238,664
4/25/2016
5/25/2016
9,059,895
5/25/2016
6/25/2016
8,884,554
6/25/2016
7/25/2016
8,712,576
7/25/2016
8/25/2016
8,543,897
8/25/2016
9/25/2016
8,378,454
9/25/2016
10/25/2016
8,216,185
10/25/2016
11/25/2016
8,057,030
11/25/2016
12/25/2016
7,900,930
12/25/2016
1/25/2017
7,747,825
1/25/2017
2/25/2017
7,597,659
2/25/2017
3/25/2017
7,450,338
3/25/2017
Termination Date
7,298,137


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
4/25/17
4/25/0710-D
Filed on:4/13/07
For Period End:3/29/078-K
3/1/07
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