From time to time the parties hereto may enter into transactions for the purchase or sale of mortgage backed and other asset-
backed securities and such other securities as may be set forth in Annex I hereto (“Securities”), including pursuant to when-
issued, TBA, dollar roll and other transactions that result or may result in the delayed delivery of Securities. Each such
transaction shall be referred to herein as a “Transaction” and, unless otherwise agreed in writing, shall be governed by this
Agreement, including any supplemental terms or conditions contained in Annex I hereto, and in any other annexes identified
herein or therein as applicable hereunder.
Master Securities Forward
GLOBAL CREDIT DEPT. PROCESSED
A/C #: not open yet
Dated as of
APRIL 3, 2002
Bear Stearns & Co.
Crescent Mortgage Services, Inc.
(a) “Act of Insolvency”, with respect to any party, (i) the commencement by such party as debtor of any case or proceeding
under any bankruptcy, insolvency, reorganization, liquidation, moratorium, dissolution, delinquency or similar law, or such
party seeking the appointment or election of a receiver, conservator, trustee, custodian or similar official for such party or
any substantial part of its property, or the convening of any meeting of creditors for purposes of commencing any such
case or proceeding or seeking such an appointment or election; (ii) the commencement of any such case or proceeding
against such party, or another seeking such an appointment or election, or the filing against a party of an application for a
protective decree under the provisions of the Securities Investor Protection Act of 1970, which (A) is consented to or not
timely contested by such party, (B) results in the entry of an order for relief, such an appointment or election, the issuance
of such a protective decree or the entry of an order having a similar ef