Confirmation of U.S. Dollar Interest Rate Swap Transaction between JPMorgan Chase Bank, N.A. and J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-LDP10
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Summary
This agreement confirms the terms of a U.S. dollar interest rate swap transaction between JPMorgan Chase Bank, N.A. and J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-LDP10. Under this swap, one party pays a fixed interest rate and the other pays a floating rate based on LIBOR, with payments calculated on a notional amount tied to the trust's certificate balance. The agreement sets out payment dates, calculation methods, and conditions for termination, and is governed by the 1992 ISDA Master Agreement and related trust documents.
EX-10.12 15 jp8119101-ex10_12.txt CONFIRMATION UNDER 1992 MASTER AGREEMENT EXHIBIT 10.12 CONFIRMATION FOR U.S. DOLLAR INTEREST RATE SWAP TRANSACTION UNDER 1992 MASTER AGREEMENT
Dear Sir/Madam, The purpose of this letter agreement is to confirm the terms and conditions of the Transaction entered into between J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-LDP10 and JPMorgan Chase Bank, N.A. (each a "party" and together "the parties") on the Trade Date specified below (the "Transaction"). This letter agreement constitutes a "Confirmation" as referred to in the ISDA Master Agreement specified in paragraph 1 below (the "Agreement"). The definitions and provisions contained in the 2000 ISDA Definitions (as published by the International Swaps and Derivatives Association, Inc., the "Definitions") are incorporated into this Confirmation. In the event of any inconsistency between the Definitions and this Confirmation, this Confirmation will govern. Capitalized terms used herein and not otherwise defined have the meanings set forth in the Definitions or the Trust Agreement referred to below under "Credit Support Documents." This Confirmation supplements, forms part of, and is subject to, the ISDA Master Agreement (including the Schedule thereto) dated as of March 29, 2007, as amended and supplemented from time to time (the "Agreement"), between the parties. All provisions contained in the Agreement govern this Confirmation except as expressly modified below. In this Confirmation "Party A" means JPMorgan Chase Bank, N.A. and "Party B" means J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-LDP10 (the trust established pursuant to the Trust Agreement, as defined herein). The terms of the particular Transaction to which this Confirmation relates are as follows:
Account Details: Account for payments to Name: JPMorgan Chase Bank, N.A. Party A: City: New York ABA: 021-000-021 Acct #: 999-97-341 Attn: Balance Guaranty Account for payments to Name: Wells Fargo Bank, N.A. Party B: ABA: 121-000-248 for credit to SAS Clearing 3970771416, for further credit to A/C # 53136800 JPM 2007-LDP10 Attn: CMBS 6 Offices: The Office of Party A for this Transaction is: New York, NY The Office of Party B for this Transaction is: Columbia, MD Please confirm that the foregoing correctly sets forth the terms and conditions of our agreement by responding within three (3) Business Days by returning via telecopier an executed copy of this Confirmation to the attention of Andrew Taylor (fax no. (212) 834-6598). Failure to respond within such period shall not affect the validity or enforceability of this Transaction, and shall be deemed to be an affirmation of the terms and conditions contained herein, absent manifest error. Accepted and confirmed as of the date first written: J.P. Morgan Chase Commercial Mortgage Securities Trust 2007-LDP10 JPMorgan Chase Bank, N.A. By: Wells Fargo Bank, N.A., not in its individual capacity, but solely as Trustee By: /s/ Andrew B. Taylor By: /s/ Ruth Fussell ----------------------------------- ------------------------------------ Name: Andrew B. Taylor Name: Ruth Fussell Title: Vice President Title: Vice President