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Residential Asset Securitization Trust 2007-A5 – ‘8-K’ for 3/29/07 – EX-99.4

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-99.4   —   Miscellaneous Exhibit

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

EXHIBIT 99.4
 
The Class 1-A-1 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):  FXNEC9360
                                              
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 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: FXNEC9360
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 9
 
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:
5.90000%

 
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 7.40000% then the Floating Rate for such Calculation Period shall be deemed to be 7.40000%.
 

 
 
Reference Number: FXNEC9360
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 9
 
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
 
 
ABA 021-001-033
 
Account 01419663
 
Name NYLTD Funds Control-Stars West
 
Re: IndyMac RAST 2007-A5

Additional Provisions:
 
 
 
 
Reference Number: FXNEC9360
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 9
 
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: FXNEC9360
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 9
 
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

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: FXNEC9360
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 9

SCHEDULE I

(all such dates subject to No Adjustment)

From and including
 
To but excluding
 
Notional Amount
(USD)
Effective Date
4/25/2007
14,235,000
4/25/2007
5/25/2007
14,102,621
5/25/2007
6/25/2007
13,956,550
6/25/2007
7/25/2007
13,797,042
7/25/2007
8/25/2007
13,624,384
8/25/2007
9/25/2007
13,438,903
9/25/2007
10/25/2007
13,240,965
10/25/2007
11/25/2007
13,030,970
11/25/2007
12/25/2007
12,809,358
12/25/2007
1/25/2008
12,576,600
1/25/2008
2/25/2008
12,333,252
2/25/2008
3/25/2008
12,084,559
3/25/2008
4/25/2008
11,838,654
4/25/2008
5/25/2008
11,597,432
5/25/2008
6/25/2008
11,360,804
6/25/2008
7/25/2008
11,128,683
7/25/2008
8/25/2008
10,900,983
8/25/2008
9/25/2008
10,677,621
9/25/2008
10/25/2008
10,458,514
10/25/2008
11/25/2008
10,243,583
11/25/2008
12/25/2008
10,032,746
12/25/2008
1/25/2009
9,825,928
1/25/2009
2/25/2009
9,623,052
2/25/2009
3/25/2009
9,424,043
3/25/2009
4/25/2009
9,228,828
4/25/2009
5/25/2009
9,037,334
5/25/2009
6/25/2009
8,849,492
6/25/2009
7/25/2009
8,665,232
7/25/2009
8/25/2009
8,484,487
8/25/2009
9/25/2009
8,307,188
9/25/2009
10/25/2009
8,133,272
10/25/2009
11/25/2009
7,962,674
11/25/2009
12/25/2009
7,795,331
 
 
 
Reference Number: FXNEC9360
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 7 of 9
 
12/25/2009
1/25/2010
7,631,182
1/25/2010
2/25/2010
7,470,165
2/25/2010
3/25/2010
7,312,221
3/25/2010
4/25/2010
7,157,293
4/25/2010
5/25/2010
7,005,323
5/25/2010
6/25/2010
6,856,254
6/25/2010
7/25/2010
6,710,033
7/25/2010
8/25/2010
6,566,604
8/25/2010
9/25/2010
6,425,915
9/25/2010
10/25/2010
6,287,913
10/25/2010
11/25/2010
6,152,549
11/25/2010
12/25/2010
6,019,771
12/25/2010
1/25/2011
5,889,531
1/25/2011
2/25/2011
5,761,781
2/25/2011
3/25/2011
5,636,473
3/25/2011
4/25/2011
5,513,562
4/25/2011
5/25/2011
5,393,000
5/25/2011
6/25/2011
5,274,745
6/25/2011
7/25/2011
5,158,752
7/25/2011
8/25/2011
5,044,979
8/25/2011
9/25/2011
4,933,382
9/25/2011
10/25/2011
4,823,922
10/25/2011
11/25/2011
4,716,556
11/25/2011
12/25/2011
4,611,247
12/25/2011
1/25/2012
4,507,954
1/25/2012
2/25/2012
4,406,639
2/25/2012
3/25/2012
4,307,265
3/25/2012
4/25/2012
4,209,795
4/25/2012
5/25/2012
4,118,610
5/25/2012
6/25/2012
4,029,229
6/25/2012
7/25/2012
3,941,618
7/25/2012
8/25/2012
3,855,742
8/25/2012
9/25/2012
3,771,568
9/25/2012
10/25/2012
3,689,063
10/25/2012
11/25/2012
3,608,196
11/25/2012
12/25/2012
3,528,934
12/25/2012
1/25/2013
3,451,247
1/25/2013
2/25/2013
3,375,105
2/25/2013
3/25/2013
3,300,478
 
 
 
Reference Number: FXNEC9360
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 7 of 9
 
3/25/2013
4/25/2013
3,227,336
4/25/2013
5/25/2013
3,157,021
5/25/2013
6/25/2013
3,088,116
6/25/2013
7/25/2013
3,020,593
7/25/2013
8/25/2013
2,954,426
8/25/2013
9/25/2013
2,889,589
9/25/2013
10/25/2013
2,826,055
10/25/2013
11/25/2013
2,763,800
11/25/2013
12/25/2013
2,702,799
12/25/2013
1/25/2014
2,643,027
1/25/2014
2/25/2014
2,584,460
2/25/2014
3/25/2014
2,527,076
3/25/2014
4/25/2014
2,470,850
4/25/2014
5/25/2014
2,418,249
5/25/2014
6/25/2014
2,366,713
6/25/2014
7/25/2014
2,316,222
7/25/2014
8/25/2014
2,266,754
8/25/2014
9/25/2014
2,218,290
9/25/2014
10/25/2014
2,170,811
10/25/2014
11/25/2014
2,124,295
11/25/2014
12/25/2014
2,078,725
12/25/2014
1/25/2015
2,034,083
1/25/2015
2/25/2015
1,990,348
2/25/2015
3/25/2015
1,947,505
3/25/2015
4/25/2015
1,905,535
4/25/2015
5/25/2015
1,866,578
5/25/2015
6/25/2015
1,828,402
6/25/2015
7/25/2015
1,790,991
7/25/2015
8/25/2015
1,754,329
8/25/2015
9/25/2015
1,718,401
9/25/2015
10/25/2015
1,683,194
10/25/2015
11/25/2015
1,648,694
11/25/2015
12/25/2015
1,614,885
12/25/2015
1/25/2016
1,581,754
1/25/2016
2/25/2016
1,549,289
2/25/2016
3/25/2016
1,517,476
3/25/2016
4/25/2016
1,486,301
4/25/2016
5/25/2016
1,457,541
5/25/2016
6/25/2016
1,429,333
 
 
Reference Number: FXNEC9360
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 9 of 9
 
6/25/2016
7/25/2016
1,401,665
7/25/2016
8/25/2016
1,374,528
8/25/2016
9/25/2016
1,347,912
9/25/2016
10/25/2016
1,321,806
10/25/2016
11/25/2016
1,296,202
11/25/2016
12/25/2016
1,271,089
12/25/2016
1/25/2017
1,246,457
1/25/2017
2/25/2017
1,222,299
2/25/2017
3/25/2017
1,198,598
3/25/2017
Termination Date
1,174,112

 
 

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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