(Multicurrency—Cross
Border)
ISDA
Ò
International Swap
Dealers Association, Inc.
MASTER
AGREEMENT
dated as of February 6,
2007
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CREDIT SUISSE
INTERNATIONAL
(“ Party A
”)
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And
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THE SUPPLEMENTAL INTEREST TRUST
CREATED UNDER THE POOLING AND SERVICING AGREEMENT FOR
ASSET BACKED SECURITIES CORPORATION HOME EQUITY LOAN TRUST, SERIES
RFC 2007-HE1
(" Party B
")
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have entered and/or anticipate
entering into one or more transactions (each a
“Transaction”) that are or will be governed by this
Master Agreement, which includes the schedule (the
“Schedule”), and the documents and other confirming
evidence (each a “Confirmation”) exchanged between the
parties confirming those Transactions.
Accordingly, the parties agree as
follows:—
1.
Interpretation
(a)
Definitions
. The terms defined in
Section 14 and in the Schedule will have the meanings therein
specified for the purpose of this Master Agreement.
(b)
Inconsistency
. In the event of any
inconsistency between the provisions of the Schedule and the other
provisions of this Master Agreement, the Schedule will prevail.
In the event of any inconsistency between the provisions of
any Confirmation and this Master Agreement (including the
Schedule), such Confirmation will prevail for the purpose of the
relevant Transaction.
(c)
Single
Agreement . All Transactions are entered into
in reliance on the fact that this Master Agreement and all
Confirmations form a single agreement between the parties
(collectively referred to as this “Agreement”), and the
parties would not otherwise enter into any Transactions.
2.
Obligations
(a)
General
Conditions.
(i)
Each party will make
each payment or delivery specified in each Confirmation to be made
by it, subject to the other provisions of this
Agreement.
(i
