Common use of ▇▇▇▇▇’▇ First Rating Trigger Collateral Clause in Contracts

▇▇▇▇▇’▇ First Rating Trigger Collateral. If (A) it is not the case that a ▇▇▇▇▇’▇ Second Trigger Ratings Event has occurred and been continuing for 30 or more Local Business Days and (B) Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex, then an Additional Termination Event shall have occurred with respect to Party A, Party A shall be the sole Affected Party with respect to such Additional Termination Event and all Transactions hereunder shall be Affected Transactions. Reference Number: FXNEC9317 HSBC Bank USA, National Association, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the supplemental interest trust with respect to the ACE Securities Corp. Home Equity Loan Trust, Series 2007-ASAP1, Asset Backed Pass Through Certificates March 15, 2007 Page 12 of 25

▇▇▇▇▇’▇ First Rating Trigger Collateral. If (A) it is not the case that a ▇▇▇▇▇’▇ Second Trigger Ratings Event has occurred and been continuing for 30 or more Local Business Days and (B) Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex, then an Additional Termination Event shall have occurred with respect to Party A, Party A shall be the sole Affected Party with respect to such Additional Termination Event and all Transactions hereunder shall be Affected Transactions. Reference Number: FXNEC9317 FXNSC9506 HSBC Bank USA, National Association, not in its individual capacity, but solely as Supplemental Interest Trust Trustee on behalf of the supplemental interest trust Supplemental Interest Trust with respect to the ACE Securities Corp. Home Equity Loan SunTrust Acquisition Closed-End Seconds Trust, Series 2007▇▇▇▇-ASAP1▇, Asset ▇▇▇▇▇ Backed Pass Pass-Through Certificates March 15May 14, 2007 Page 12 of 2527