Document:

Exhibit 10.9

(Multicurrency--Cross Border)
                                    ISDA(R)
                 International Swap Dealers Association, Inc.

                                   SCHEDULE
                                    to the
                               Master Agreement
                        dated as of December 21, 2006

between JPMORGAN CHASE BANK, N.A.  and   J.P. MORGAN CHASE  COMMERCIAL  MORTGAGE
                                         SECURITIES TRUST 2006-LDP9

            ("Party A")                           ("Party B")

                         PART 1: Termination Provisions
                                 ----------------------

(a)     (i)  "Trust Agreement" means the Pooling and Servicing Agreement
        dated as of December 1, 2006, among J.P. Morgan Chase Commercial
        Mortgage Securities Corp., as depositor, Midland Loan Services, Inc.,
        as master servicer No. 1, Capmark Finance Inc., as master servicer
        No. 2, Wachovia Bank, National Association, as master servicer No. 3,
        LNR Partners, Inc., as special servicer, LaSalle Bank National
        Association, as trustee, and Wells Fargo Bank, N.A., as paying agent,
        as amended, modified, supplemented, restated or replaced from time to
        time.

        (ii) "Class A-2SFL Certificates" means the Commercial Mortgage
        Pass-Through Certificates, Series 2006-LDP9, Class A-2SFL, issued by
        Party B under the Trust Agreement.

(b)     "Specified Entity" means, in relation to Party A for the purpose of:-

        Section 5(a)(v) (Default under Specified               none;
        Transaction),

        Section 5(a)(vi) (Cross Default),                      none;

        Section 5(a)(vii) (Bankruptcy),                        none; and

        Section 5(b)(iv) (Credit Event Upon Merger),           none;

                in relation to Party B for the purpose of:

        Section 5(a)(v) (Default under Specified Transaction)  none;

        Section 5(a)(vi) (Cross Default),                      none;

        Section 5(a)(vii) (Bankruptcy),                        none; and

        Section 5(b)(iv) (Credit Event Upon Merger),           none.

(c)     "Specified Transaction" will have the meaning specified in Section 14.

(d)     The "Breach of Agreement" provisions of Section 5(a)(ii), the
        "Misrepresentation" provisions of Section 5(a)(iv), and the "Default
        under Specified Transactions" provisions of Section 5(a)(v) will not
        apply to Party B. The "Cross Default" provisions of Section 5(a)(vi)
        will not apply to Party A or Party B.

(e)     The "Credit Event Upon Merger" provisions of Section 5(b)(iv)

               will not apply to Party A

               will not apply to Party B.

(f)     The "Automatic Early Termination" provision of Section 6(a)

               will not apply to Party A

               will not apply to Party B.

(g)     Payments on Early Termination. For the purpose of Section 6(e):

        (i) Market Quotation will apply.

        (ii) The Second Method will apply.

        (iii) Both Party A and Party B agree that any amounts payable by Party B
        to Party A under Section 6(e), if any, in connection with any Event of
        Default or Termination Event will be payable only from collections on
        the Trust Estate (as defined below), and only from funds, if any,
        remaining in the Floating Rate Account (as defined in the Trust
        Agreement) after all other amounts have been paid under the Class A-2SFL
        Certificates (including all principal amounts outstanding) under the
        Trust Agreement.

(h)     "Termination Currency" means United States Dollars.

(i)     Additional Termination Events. It shall be an Additional Termination
        Event:

        (i) if Party B fails to comply with Part 1(j) of this Schedule, in which
        event Party B shall be the sole Affected Party and all Transactions
        shall be Affected Transactions; or

        (ii) if Party A fails to satisfy any of the requirements of Part 5(m),
        within the applicable time periods set forth therein, in which event
        Party A shall be the sole Affected Party and all Transactions shall be
        Affected Transactions.

(j)     Amendments. Party B shall deliver to Party A a copy of any proposed
        amendment to the Trust Agreement, and any amendment to the Trust
        Agreement that could reasonably materially and adversely affect Party
        A shall be subject to Party A's prior consent.

(k)     Downgrade of Party A. If a Ratings Event (as defined below) shall
        occur and be continuing with respect to Party A, then Party A shall,
        within 5 Local Business Days of such Ratings Event, (A) give notice
        to Party B of the occurrence of such Ratings Event, and (B) at Party
        A's option and sole expense, (x) transfer Party A's rights and
        obligations under this Agreement and all Confirmations related hereto
        to another party (such party whose long term debt is being rated at
        least "A1" (and not on watch for possible downgrade) by Moody's (as
        defined below) or rated at least "A+" by Fitch and S&P (as defined
        below)), subject to Rating Agency confirmation, and at the cost of
        Party A, or (y) post Eligible Collateral on a mark-to-market basis to
        secure Party B's exposure, if any, to Party A, and such Eligible
        Collateral shall be provided in accordance with an ISDA Credit
        Support Annex to be entered into between Party A and Party B in the
        form attached hereto as Exhibit A, which will be attached hereto and
        made a part hereof within 10 Local Business Days of Party A's
        election to post Eligible Collateral. The Eligible Collateral to be
        posted and the Credit Support Annex to be executed and delivered
        shall be subject to Rating Agency confirmation. Party A's obligations
        to find an eligible transferee or to post Eligible Collateral under
        such Credit Support Annex shall remain in effect only for so long as
        a Ratings Event is continuing with respect to Party A. For the
        purpose of this Part 1(k), a "Ratings Event" shall occur with respect
        to Party A if the long-term senior unsecured deposit ratings of Party
        A cease to be at least "A3" by Moody's Investors Service, Inc., or
        any successor thereto ("Moody's"), at least "A-" by Fitch, Inc., or
        any successor thereto ("Fitch") or at least "A-" by Standard & Poor's
        Ratings Services, a division of The McGraw-Hill Companies, Inc., or
        any successor thereto ("S&P"), to the extent such obligations are
        rated by Moody's or S&P.

        The failure by Party A to either post Eligible Collateral or transfer
        its rights and obligations to an eligible transferee in accordance
        herewith shall constitute an Additional Termination Event for which
        Party A shall be the sole Affected Party.

(l)     Failure to Pay or Deliver. Section 5(a)(i) is hereby deleted in its
        entirety and replaced with the following:

               "Failure to Pay or Deliver. Failure by the party to make, when
               due, any payment under this Agreement or delivery under
               Section 2(a)(i) or 2(e) required to be made by it."

                          PART 2: Tax Representations
                                  -------------------
(a)     Payer Tax Representations. For the purpose of Section 3(e) of this
        Agreement, Party A and Party B will make the following
        representation:-

        It is not required by any applicable law, as modified by the practice
        of any relevant governmental revenue authority of any Relevant
        Jurisdiction to make any deduction or withholding for or on account
        of any Tax from any payment (other than interest under Section 2(e),
        6(d)(ii) or 6(e) of this Agreement) to be made by it to the other
        party under this Agreement. In making this representation, it may
        rely on (x) the accuracy of any representations made by the other
        party pursuant to Section 3(f) of this Agreement, (y) the
        satisfaction of the agreement contained in Section 4(a)(i) or
        4(a)(iii) of this Agreement and the accuracy and effectiveness of any
        document provided by the other party pursuant to Section 4(a)(i) or
        4(a)(iii) of this Agreement and (z) the satisfaction of the agreement
        of the other party contained in Section 4(d) of this Agreement,
        provided that it shall not be a breach of this representation where
        reliance is placed on clause (y) and the other party does not deliver
        a form or document under Section 4(a)(iii) by reason of material
        prejudice to its legal or commercial position.

(b)     Payee Tax Representations. For the purpose of Section 3(f) of this
        Agreement, Party A and Party B will make the following
        representations specified below, if any:- none

                     PART 3: Agreement to Deliver Documents
                             ------------------------------
For the  purpose of Section  4(a)(i)  and (ii) of this  Agreement,  each party
agrees to deliver the following documents:

(a)     Tax forms, documents or certificates to be delivered are:

Party required to deliver                                    Date by which to be
         document             Form/Document/Certificate           delivered
-------------------------   ---------------------------    ---------------------
Party A and Party B         Any form, document or          Upon request
                            certificate as may be
                            requested pursuant to
                            Section 4(a)(iii) of this
                            Agreement.

(b)     Other documents to be delivered are:-

<TABLE>
<CAPTION>

                                                                                  Covered by
  Party required to                                         Date by which to     Section 3(d)
  deliver document         Form/Document/Certificate          be delivered      Representation
-------------------    ---------------------------------   -----------------   ---------------
<S>                    <C>                                 <C>                 <C>
Party B                Statements to Certificateholders    As soon as          Yes
                       of Party B                          available.

Party B                Certified copies of all corporate   Upon execution      Yes
                       authorizations and any other        and delivery of
                       documents with respect to the       this Agreement
                       execution, delivery and
                       performance of this Agreement and
                       the Trust Agreement

Party A and            Certificate of authority and        Upon execution      Yes
Party B                specimen signatures of              and delivery of
                       individuals executing this          this Agreement
                       Agreement, and any Confirmations    and thereafter
                                                           upon request of
                                                           the other party
</TABLE>

                             PART 4: Miscellaneous
                                     -------------
(a)     Address  for  Notices.  For  the  purpose  of  Section  12(a)  of this
        Agreement:-

        Address for notice or communications to Party A:

        JPMorgan Chase Bank, N.A.
        270 Park Avenue
        6th Floor
        New York, New York  10017
        Attention: Andrew Taylor
        Telephone No.: 212-834-3813
        Facsimile No.: 212-834-6598

        with a copy to:

        JPMorgan Chase Bank, N.A.
        270 Park Avenue
        10th Floor
        New York, New York  10017
        Attention: Mark Levine
        Telephone No.: 212-834-9346
        Facsimile No.: 212-834-6593

        Address for notice or communications to Party B:

        J.P. Morgan Chase Commercial Mortgage Securities Trust 2006-LDP9
        c/o Wells Fargo Bank, N.A.
        9062 Old Annapolis Road
        Columbia, Maryland 21045
        Attention: Corporate Trust Services-J.P. Morgan 2006-LDP9

        with a copy to:

        LaSalle Bank National Association
        135 South LaSalle Street, Suite 1625
        Chicago, Illinois 60603
        Attention: Global Securities and Trust Services, J.P. Morgan Chase
        Commercial Mortgage Securities Trust 2006-LDP9
        Telecopy No.: 312-904-1085

        with a copy to:

        J.P. Morgan Chase Commercial Mortgage Securities Corp.
        270 Park Avenue
        New York, New York  10017
        Attention: Charles Lee
        Telephone No.: 212-834-9328
        Facsimile No.: 212-834-6593

(b)     Process Agent. For the purpose of Section 13(c):

        Party A appoints as its Process Agent: Not applicable.

        Party B appoints as its Process Agent: Not applicable.

(c)     Offices. The provisions of Section 10(a) will apply to this Agreement.

(d)     Multibranch Party. For the purpose of Section 10 of this Agreement:-

        Party A is not a Multibranch Party.

        Party B is not a Multibranch Party.

(e)     Calculation Agent. The Calculation Agent is Party B.

(f)     Credit Support Document. Details of any Credit Support Document:-

        Party B agrees that only the amounts with respect to the Class A-2SFL
        Certificates on deposit in the Floating Rate Account (as such terms
        are defined in the Trust Agreement) held by the Paying Agent under
        the Trust Agreement (such amounts, the "Trust Estate") shall
        constitute security for the obligations of Party B to Party A under
        this Agreement.

        Party A agrees that any ISDA Credit Support Annex entered into
        between Party A and Party B pursuant to Part 1(k) hereof shall be a
        Credit Support Document for purposes of this Agreement.

(g)     Credit Support Provider.

        Credit Support Provider means in relation to Party A:    Not
        applicable.

        Credit Support Provider means in relation to Party B:    Not
        applicable

(h)     Governing Law. This Agreement will be governed by and construed in
        accordance with the laws of the State of New York (without reference
        to its conflict of laws doctrine, other than Section 5-1401 of the
        General Obligations Law).

(i)     Netting of Payments. All amounts payable on the same date, in the
        same currency and in respect of the same Transaction shall be netted
        in accordance with Section 2(c) of this Agreement. The election
        contained in the last paragraph of Section 2(c) of this Agreement
        shall not apply for the purposes of this Agreement.

(j)     "Affiliate" will have the meaning specified in Section 14 of this
        Agreement.

                            PART 5: Other Provisions
                                    ----------------
(a)     RESERVED.

(b)     Delivery of Confirmations. For each Transaction entered into
        hereunder, Party A shall promptly send to Party B a Confirmation via
        facsimile transmission. Party B agrees to respond to such
        Confirmation within three (3) Local Business Days, either confirming
        agreement thereto or requesting a correction of any error(s)
        contained therein. Failure by Party A to send a Confirmation or of
        Party B to respond within such period shall not affect the validity
        or enforceability of such Transaction. Absent manifest error, there
        shall be a presumption that the terms contained in such Confirmation
        are the terms of the Transaction.

(c)     Recording of Conversations. Each party to this Agreement acknowledges
        and agrees to the tape recording of conversations between trading and
        marketing personnel of the parties to this Agreement whether by one
        or other or both of the parties or their agents, and that any such
        tape recordings may be submitted in evidence in any Proceedings
        relating to the Agreement.

(d)     Furnishing Specified Information. Section 4(a)(iii) is hereby amended
        by inserting "promptly upon the earlier of (i)" in lieu of the word
        "upon" at the beginning thereof and inserting "or (ii) such party
        learning that the form or document is required" before the word "any"
        on the first line thereof.

(e)     Notice by Facsimile Transmission. Section 12(a) is hereby amended by
        inserting the words "2(b)," between the word "Section" and the number
        "5" and inserting the words "or 13(c)" between the number "6" and the
        word "may" in the second line thereof.

(f)     Section 3(a) of this Agreement is amended by (i) deleting the word
        "and" at the end of clause (iv); (ii) deleting the period at the end
        of clause (v) and inserting therein "; and "; and (iii) by inserting
        the following additional representation:

        "(vi)  Eligible Contract Participant. Each party represents to the
               other party (which representation will be deemed to be
               repeated by each party on each date on which a Transaction is
               entered into) that it is an "eligible contract participant" as
               defined in Section 1a(12) of the U.S. Commodity Exchange Act,
               7 U.S.C. Section 1a(12)."
(g)     Section 3 is revised so as to add the following Section (g) at the
        end thereof:

        "(g)   Relationship Between Parties. Each party represents to the
               other party and will be deemed to represent to the other party
               on the date on which it enters into a Transaction that (absent
               a written agreement between the parties that expressly imposes
               affirmative obligations to the contrary for that
               Transaction):-

                     (i)    Non-Reliance. It is acting for its own account, and
                            it has made its own independent decisions to enter
                            into that Transaction and as to whether that
                            Transaction is appropriate or proper for it based
                            upon its own judgment and upon advice from such
                            advisors as it has deemed necessary. It is not
                            relying on any communication (written or oral) of
                            the other party as investment advice or as a
                            recommendation to enter into that Transaction; it
                            being understood that information and explanations
                            related to the terms and conditions of a Transaction
                            shall not be considered investment advice or a
                            recommendation to enter into that Transaction.
                            Further, such party has not received from the other
                            party any assurance or guarantee as to the expected
                            results of that Transaction.

                     (ii)   Evaluation and Understanding. It is capable of
                            evaluating and understanding (on its own behalf or
                            through independent professional advice), and
                            understands and accepts, the terms, conditions and
                            risks of that Transaction. It is also capable of
                            assuming, and assumes, the financial and other risks
                            of that Transaction.

                     (iii)  Status of Parties. The other party is not acting as
                            an agent, fiduciary or advisor for it in respect of
                            that Transaction."

(h)     Waiver of Right to Trial by Jury. EACH PARTY HEREBY IRREVOCABLY
        WAIVES ANY AND ALL RIGHTS TO TRIAL BY JURY WITH RESPECT TO ANY LEGAL
        PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY
        TRANSACTION CONTEMPLATED HEREBY.

(i)     Non Petition. Party A hereby agrees that it will not, prior to the
        date which is one year and one day after all the Class A-2SFL
        Certificates issued by Party B pursuant to the Trust Agreement have
        been paid in full, acquiesce, petition or otherwise invoke or cause
        Party B to invoke the process of any court or governmental authority
        for the purpose of commencing or sustaining a case against Party B
        under any federal or state bankruptcy, insolvency or similar law or
        for the purpose of appointing a receiver, liquidator, assignee,
        trustee, custodian, sequestrator or other similar official for Party
        B or any substantial part of the property of Party B, or for the
        purpose of ordering the winding up or liquidation of the affairs of
        Party B. Nothing herein shall prevent Party A from participating in
        any such proceeding once commenced.

(j)     Limited Recourse. The obligations of Party B under this Agreement are
        limited recourse obligations of Party B, payable solely from amounts
        remaining in the Trust Estate after payment in full of all amounts
        due to the Class A-2SFL Certificates, subject to and in accordance
        with the terms of the Trust Agreement.  No recourse shall be had for
        the payment of any amount owing in respect of this Agreement against
        the trustee or paying agent, or any officer, member, director,
        employee, security holder or incorporator thereof (each, an
        "Affiliated Person") of Party B or its successors or assigns for any
        amounts payable under this Agreement. Upon application of the Trust
        Estate in accordance with the Trust Agreement, Party A shall not be
        entitled to take any further steps against Party B to recover any
        sums due but still unpaid hereunder or thereunder, and all claims by
        Party A against Party B hereunder and/or under the Trust Agreement
        shall be extinguished.

(k)     Limitation of Liability.  It is expressly understood and agreed by
        the parties hereto that (a) this Agreement is executed and delivered
        by LaSalle Bank National Association ("LaSalle"), not individually or
        personally but solely as the trustee, in the exercise of the powers
        and authority conferred and vested in it, (b) the representations,
        undertaking and agreements herein made on the part of the Trust are
        made and intended not as personal representations, undertakings and
        agreements by LaSalle but are made and intended for the purpose of
        binding only the Trust, (c) nothing herein contained shall be
        construed as creating any liability on LaSalle, individually or
        personally (other than to act with the standard of care provided
        under the Trust Agreement), to perform any covenant either expressed
        or implied contained herein, all such liability, if any, being
        expressly waived by the parties who are signatories to this Agreement
        and by any person claiming by, through or under such parties and (d)
        under no circumstances shall LaSalle be personally liable for the
        payment of any indebtedness or expenses of the Trust or be liable for
        the breach or failure of any obligation, representation, warranty or
        covenant made or undertaken by the Trust under this Agreement.

(l)     Transfer. Section 7 of the Agreement is supplemented by the
        additional requirement that any transfer or assignment by Party A of
        its obligations under this Agreement (including any Confirmation),
        and any amendments to this Agreement (including any Confirmation),
        shall be subject to Rating Agency confirmation.

(m)     Compliance with Regulation AB.

        (i) If at any time after the date hereof for so long as Party B is
        required to file periodic reports under the Securities Exchange Act of
        1934, as amended (the "Exchange Act") with respect to the Certificates,
        in the reasonable determination made in good faith of the Sponsors (as
        defined in the Prospectus), the aggregate "significance percentage" (as
        defined in Regulation AB ("Regulation AB") under the Securities Act of
        1933, as amended, and the Exchange Act) of all derivative instruments
        (contemplated by Item 1115 of Regulation AB) provided by Party A and any
        of its affiliates to Party B is at least 10% but less than 20%, Party A
        shall, subject to subparagraph (iii) below, within five (5) Business
        Days following request therefor by Party B provide the financial
        information required under Item 1115(b)(1) of Regulation AB for Party A
        (and for the group of affiliated entities, if applicable) (the "Item
        1115(b)(1) Information"). Any such Item 1115(b)(1) Information shall be
        in a form suitable for conversion to the format required for filing by
        the Depositor with the Securities and Exchange Commission via the
        Electronic Data Gathering and Retrieval System (EDGAR).

        (ii) If at any time after the date hereof for so long as Party B is
        required to file periodic reports under the Exchange Act with respect to
        the Certificates, in the reasonable determination made in good faith of
        the Sponsors, the aggregate "significance percentage" of all derivative
        instruments (contemplated by Item 1115 of Regulation AB) provided by
        Party A and any of its affiliates to Party B is at least 20%, Party A
        shall, subject to subparagraph (iii) below, within five (5) Business
        Days following request therefor by Party B provide the financial
        information required under Item 1115(b)(2) of Regulation AB for Party A
        (and for the group of affiliated entities, if applicable) (the "Item
        1115(b)(2) Information", and together with the Item 1115(b)(1)
        Information, the "Additional Information"). Any such Item 1115(b)(2)
        Information shall be in a form suitable for conversion to the format
        required for filing by the Depositor with the Securities and Exchange
        Commission via the Electronic Data Gathering and Retrieval System
        (EDGAR). In addition, any such Item 1115(b)(2) Information shall be
        accompanied by any necessary auditor's consents.

        (iii) If Party A is unable to provide any such Additional Information
        if, as and when required, Party A shall, at its option, within ten (10)
        Business Days following request therefor, (1) promptly post collateral
        satisfactory to the Sponsors in an amount which is reasonably determined
        in good faith to be sufficient to reduce the aggregate "significance
        percentage" to (x) in the case of subparagraph (i) above, below 10%, and
        (y) in the case of subparagraph (ii) above, provided Party A is able to
        meet the requirements of subparagraph (i) above, below 20%, in each case
        pursuant to a Credit Support Annex or similar agreement reasonably
        satisfactory to the Sponsor, or (2) at the sole expense of Party A,
        without any expense or liability to Party B, transfer or assign its
        obligations under this Agreement to a substitute counterparty reasonably
        acceptable to Party B that (x) is able to provide such Additional
        Information if, as and when required, and (y) enters into an agreement
        similar in form to this Agreement pursuant to which such substitute
        counterparty agrees to provide the Additional Information if, as and
        when required.

        (iv) Party A's obligation to provide any such Additional Information
        shall terminate beginning in any such year in which Party B's obligation
        to file periodic reports under the Exchange Act has been terminated, and
        shall continue to be terminated unless Party B notifies Party A that
        Party B's obligations to file periodic reports under the Exchange Act
        has resumed.

<PAGE>

Accepted and agreed:

JPMORGAN CHASE BANK, N.A.                 J.P. MORGAN CHASE COMMERCIAL MORTGAGE
                                          SECURITIES TRUST 2006-LDP9

By:  /s/ Andrew B. Taylor                By: LaSalle Bank National Association,
    ----------------------------------       not in its individual capacity, but
    Name: Andrew B. Taylor                   solely as Trustee
    Title:   Vice President

                                         By: /s/ Andy Streepey
                                            ------------------------------------
                                            Name: Andy Streepey
                                            Title: Assistant Vice President

<PAGE>

                                  EXHIBIT A
                                  ---------

                               PARAGRAPH 13 TO
                             CREDIT SUPPORT ANNEX

                            to the Schedule to the
                               Master Agreement

                        dated as of December 21, 2006

                                   between

-------------------------------- -------- --------------------------------------
 JPMorgan Chase Bank, N.A.         and    J.P. Morgan Chase Commercial Mortgage
         ("Morgan")                             Securities Trust 2006-LDP9
                                                     ("Counterparty")
-------------------------------- -------- --------------------------------------

Paragraph 13. Elections and Variables

(a)     Security Interest for "Obligations".  The term "Obligations" as used
        in this Annex includes no additional obligations with respect to
        either party.

(b)     Credit Support Obligations.

        (i)    Delivery Amount, Return Amount and Credit Support Amount.

               (A)     "Delivery Amount" has the meaning specified in Paragraph
                       3(a).

               (B)     "Return Amount" has the meaning specified in Paragraph
                       3(b).

               (C)     "Credit Support Amount" shall not have the meaning
                       specified in Paragraph 3(b) and, instead, will have the
                       following meaning:

               "Credit Support Amount" means, for any Valuation Date, (i) the
               Secured Party's Modified Exposure for that Valuation Date
               minus (ii) the Pledgor's Threshold; provided, however, that
               the Credit Support Amount will be deemed to be zero whenever
               the calculation of Credit Support Amount yields a number less
               than zero.

        (ii)   Eligible Collateral. The following items will qualify as
               "Eligible Collateral":

----- --------------------------------------------------- --------- ------------
                                                                    "Valuation
                                                           Morgan    Percentage"
----- --------------------------------------------------- --------- ------------
(A)   USD Cash                                                 X        100%
----- --------------------------------------------------- --------- ------------
(B)   Negotiable debt obligations issued by the U.S.           X       98.8%
      Treasury Department having a remaining maturity
      of one year or less from the Valuation Date
----- --------------------------------------------------- --------- ------------
(C)   Negotiable debt obligations issued by the U.S.           X        92%
      Treasury Department having a remaining maturity
      of more than one year but less than ten years
      from the Valuation Date
----- --------------------------------------------------- --------- ------------
(D)   Negotiable debt obligations issued by the U.S.           X        84%
      Treasury Department having a remaining maturity
      of ten years or more from the Valuation Date

----- --------------------------------------------------- --------- ------------
(E)   Agency Securities having a remaining maturity of         X       98.4%
      one year or less from the Valuation Date
----- --------------------------------------------------- --------- ------------
(F)   Agency Securities having a remaining maturity of         X        90%
      more than one year but less than ten years from
      the Valuation Date
----- --------------------------------------------------- --------- ------------
(G)   Agency Securities having a remaining maturity of         X        82%
      ten years or more from the Valuation Date
----- --------------------------------------------------- --------- ------------
(H)   USD denominated Commercial Paper rated A1/P1 by          X        97%
      S&P and Moody's respectively, that (a) settles
      within DTC, (b) is not issued by Morgan or any of
      its Affiliates and (c) has a remaining maturity
      of 30 days or less from the Valuation Date
----- --------------------------------------------------- --------- ------------

          For purposes of the foregoing:

               (1) "Agency Securities" means negotiable debt obligations which
               are fully guaranteed as to both principal and interest by the
               Federal National Mortgage Association, the Government National
               Mortgage Association or the Federal Home Loan Mortgage
               Corporation, but excluding (i) interest only and principal only
               securities and (ii) Collateralized Mortgage Obligations, Real
               Estate Mortgage Investment Conduits and similar derivative
               securities.

               (2) "DTC" shall mean The Depository Trust & Clearing
               Corporation, or its successor.

               (3) "Moody's" shall mean Moody's Investors Service, Inc., or its
               successor.

               (4) "S&P" shall mean Standard & Poor's Ratings Services, a
               division of The McGraw-Hill Companies, Inc., or its successor.

               (5) Eligible Collateral of the type described in Paragraph
               13(b)(ii)(H) may never constitute more than 20% of the total
               Value of Posted Collateral.

               (6) With respect to Posted Collateral consisting of Eligible
               Collateral of the type described in Paragraph 13(b)(ii)(H), the
               aggregate Value of such Posted Collateral issued by the same
               issuer may never be greater than 33% of the aggregate Value of
               all Posted Collateral consisting of Eligible Collateral of the
               type described in Paragraph 13(b)(ii)(H).

               (7) "Fitch" shall mean Fitch Ratings, Inc., or its successor.

        (iii) Other Eligible Support. There shall be no "Other Eligible Support"
        for purposes of this Annex, unless agreed in writing between the
        parties.

        (iv) Thresholds.

               (D)     "Independent Amount" means zero.

               (E)     "Threshold" shall not apply with respect to the
                       Counterparty and, with respect to Morgan, shall mean the
                       amounts determined on the basis of the lower of the
                       Credit Ratings set forth in the following table,
                       provided, however, that if (i) Morgan has no Credit
                       Rating, or (ii) an Event of Default has occurred and is
                       continuing with respect to Morgan, Morgan's Threshold
                       shall be U.S.$0:

                ------------------------------ -------------------------
                           CREDIT RATING              THRESHOLD
                        (S&P /Moody's/Fitch)           Morgan

                ------------------------------ -------------------------
                S&P: A- or above                       Infinity

                Moody's: A3 or above

                Fitch: A- or above

                ------------------------------ -------------------------
                S&P: Below A-                            US$0

                Moody's: Below A3

                Fitch: Below A-

                ------------------------------ -------------------------

               As used herein:

               "Credit Rating" means, with respect to (a) S&P, the rating
               assigned by S&P to the short-term and long-term senior
               unsecured deposits of Morgan, (b) Moody's, the rating assigned
               by Moody's to the short-term and long-term senior unsecured
               deposits of Morgan, or (c) Fitch, the rating assigned by Fitch
               to the short-term and long-term senior unsecured deposits of
               Morgan, as applicable.

               (F)     "Minimum Transfer Amount", with respect to a party on
                       any Valuation Date, means U.S. $250,000.

               (G)     Rounding. The Delivery Amount and the Return Amount will
                       be rounded up and down to the nearest integral multiple
                       of $100,000, respectively.

(c)     Valuation and Timing.

        (i) "Valuation Agent" means Morgan.

        (ii) "Valuation Date" means weekly on the last Local Business Day of
        each week or more frequently if agreed in writing by the parties.

        (iii) "Valuation Time" means the close of business in the city of the
        Valuation Agent on the Valuation Date or date of calculation, as
        applicable.

        (iv) "Notification Time" means 12:00 p.m., New York time, on a Local
        Business Day.

(d)     Conditions Precedent.  With respect to Morgan, any Additional
        Termination Event (if Morgan is the Affected Party with respect to
        such Termination Event) will be a "Specified Condition".

(e)     Substitution.

        (i) "Substitution Date" has the meaning specified in Paragraph 4(d)(ii).

        (ii) Consent. Inapplicable.

(f)     Dispute Resolution.

        (i) "Resolution Time" means 1:00 p.m., New York time, on the Local
        Business Day following the date on which the notice is given that gives
        rise to a dispute under Paragraph 5.

        (ii) Value. For the purposes of Paragraphs 5(i)(C) and 5(ii), the Value
        of Posted Credit Support other than Cash will be calculated as follows:

               (A)     with respect to any Eligible Collateral except Cash, the
                       sum of (I) (x) the mean of the high bid and low asked
                       prices quoted on such date by any principal market maker
                       for such Eligible Collateral chosen by the Disputing
                       Party, or (y) if no quotations are available from a
                       principal market maker for such date, the mean of such
                       high bid and low asked prices as of the first day prior
                       to such date on which such quotations were available,
                       plus (II) the accrued interest on such Eligible
                       Collateral (except to the extent Transferred to a party
                       pursuant to any applicable provision of this Agreement
                       or included in the applicable price referred to in (I)
                       of this clause (A)) as of such date; multiplied by the
                       applicable Valuation Percentage.

        (iii) Alternative. The provisions of Paragraph 5 will apply.

(g)     Holding and Using Posted Collateral.

        (i) Eligibility to Hold Posted Collateral; Custodians. Counterparty and
        its Custodian will be entitled to hold Posted Collateral pursuant to
        Paragraph 6(b); provided that the following conditions applicable to it
        are satisfied:

               (1)     Counterparty is not a Defaulting Party and

               (2)     Posted Collateral may be held only in the following
                       jurisdictions: New York State.

               Initially, the Custodian for Counterparty is: None

        (ii) Use of Posted Collateral. The provisions of Paragraph 6(c)(i) will
        not apply to Counterparty but the provisions of Paragraph 6(c)(ii) will
        apply to the Counterparty.

(h)     Distributions and Interest Amount.

        (i) Interest Rate. "Interest Rate" for any day means, the Federal Funds
        Overnight Rate. For the purposes hereof, "Federal Funds Overnight Rate"
        means, for any day, an interest rate per annum equal to the rate
        published as the Federal Funds Effective Rate that appears on Telerate
        Page 118 for such day.

        (ii) Transfer of Interest Amount. The Transfer of the Interest Amount
        will be made monthly on the second Local Business Day of each calendar
        month.

        (iii) Alternative to Interest Amount. The provisions of Paragraph
        6(d)(ii) will apply.

(i)     Additional Representation(s). Not Applicable.

(j)     Other Eligible Support and Other Posted Support.

        (i) "Value" with respect to Other Eligible Support and Other Posted
        Support means: Not Applicable.

        (ii) "Transfer" with respect to Other Eligible Support and Other Posted
        Support means: Not Applicable

(k)     Demands and Notices.

All demands, specifications and notices under this Annex will be made
pursuant to the Notices Section of this Agreement, unless otherwise
specified here:

Counterparty:                          Wells Fargo Bank, N.A.
                                       9062 Old Annapolis Road
                                       Columbia, Maryland 21045
                                       Attention: Corporate Trust Services-J.P.
                                       Morgan 2006-LDP9

Morgan:                                JPMorgan Chase Bank, National Association
                                       Collateral Middle Office Americas 3/OPS2
                                       500 Stanton Christiana Road
                                       Newark, Delaware  19713
                                       Telephone No.:  (302) 634-3191
                                       Facsimile No.:  (302) 634-3270
                                       Email: collateral_services@jpmorgan.com

(l)     Other Provisions:

        (i) Modification to Paragraph 1: The following subparagraph (b) is
        substituted for subparagraph (b) of this Annex:

        (b) Secured Party and Pledgor.  All references in this Annex to the
        "Secured Party" will be to Counterparty and all corresponding
        references to the "Pledgor" will be to Morgan.

        (ii) Modification to Paragraph 2: The following Paragraph 2 is
        substituted for Paragraph 2 of this Annex:

               Paragraph 2.  Security Interest.  The Pledgor hereby pledges
               to the Secured Party, as security for its Obligations, and
               grants to the Secured Party a first priority continuing
               security interest in, lien on and right of Set-Off against all
               Posted Collateral Transferred to or received by the Secured
               Party hereunder.  Upon the Transfer by the Secured Party to
               the Pledgor of Posted Collateral, the security interest and
               lien granted hereunder on that Posted Collateral will be
               released immediately and, to the extent possible, without any
               further action by either party.

        (iii) Modification to Paragraph 9: The following first clause of
        Paragraph 9 is substituted for the first clause of Paragraph 9 of this
        Annex:

        Paragraph 9.   Representations.  The Pledgor represents to the
        Secured Party (which representations will be deemed to be repeated as
        of each date on which it Transfers Eligible Collateral) that:

        (iv) Modifications to Paragraph 12: The following definitions of
        "Pledgor" and "Secured Party" are substituted for the definitions of
        those terms contained in Paragraph 12 of this Annex:

        "Pledgor" means Morgan, when that party (i) receives a demand for or
        is required to Transfer Eligible Credit Support under Paragraph 3(a)
        or (ii) has Transferred Eligible Credit Support under Paragraph 3(a).

        "Secured Party" means Counterparty, when that party (i) makes a
        demand for or is entitled to receive Eligible Credit Support under
        Paragraph 3(a) or (ii) holds or is deemed to hold Posted Credit
        Support.

        (v) Addition to Paragraph 12: The following definitions of "Modified
        Exposure" shall be added immediately after the definition of the term
        "Minimum Transfer Amount" and immediately prior to the definition of the
        term "Notification Time" in Paragraph 12 of this Annex:

        "Modified Exposure" means, for any Valuation Date, an amount equal to
        the sum of (i) the greater of USD 0 and the Secured Party's Exposure
        for that Valuation Date and (ii) the sum of the Volatility Buffers
        determined by the Valuation Agent with respect to each Transaction
        subject to the Agreement.  As used herein:

        "Volatility Buffer" means, with respect to a Transaction, an amount
        equal to the product of (a) the Factor applicable to the Transaction
        and (b) the Notional Amount of the Transaction.

        "Factor" means, with respect to a Transaction, a percentage dependent
        on Morgan's Counterparty Rating by S&P or Moody's, as applicable, and
        the original maturity of the Transaction and determined by the
        Valuation Agent by reference to the following table:

            ------------------- ------------- ------------- ------------
            Counterparty         Maturities   Maturities    Maturities
            Rating               up to 5      up to 10      up to 30
            (S&P/Moody's)        years (%)    years (%)     years (%)
            ------------------- ------------- ------------- ------------
            A-2/P-2               3.25        4.00           4.75
            ------------------- ------------- ------------- ------------
            ------------------- ------------- ------------- ------------
            A-3/P-3               4.00        5.00           6.25
            ------------------- ------------- ------------- ------------
            ------------------- ------------- ------------- ------------
            BB+ or lower/Ba1      4.50        6.75           7.50
            or lower
            ------------------- ------------- ------------- ------------

        Modification to Paragraph 12:  Clause "(B)" of the definition of
        "Value" will be substituted to read in its entirety as follows:

        "(B) a security, the bid price obtained by the Valuation Agent from
        one of the Pricing Sources multiplied by the applicable Valuation
        Percentage, if any;"

        (vi) Addition to Paragraph 12: The following definition of "Pricing
        Sources" shall be added immediately after the definition of the term
        "Posted Credit Support" and immediately prior to the definition of the
        term "Recalculation Date" in Paragraph 12 of this Annex:

        "Pricing Sources" means the sources of financial information commonly
        known as Bloomberg, Bridge Information Services, Data Resources Inc.,
        Interactive Data Services, International Securities Market
        Association, Merrill Lynch Securities Pricing Service, Muller Data
        Corporation, Reuters, Wood Gundy, Trepp Pricing, JJ Kenny, S&P and
        Telerate.

<PAGE>

Accepted and Agreed:

JPMORGAN CHASE BANK, N.A.

By:   /s/  Andrew B. Taylor
    ------------------------------------------
    Name:  Andrew B. Taylor
    Title:    Vice President

J.P. MORGAN CHASE COMMERCIAL
MORTGAGE SECURITIES TRUST 2006-LDP9

By: LaSalle Bank National Association, not in its individual
    capacity, but solely as Trustee

By:   /s/  Andy Streepey
    ------------------------------------------
    Name:  Andy Streepey
    Title:   Assistant Vice PresidentCONFIRMATION FOR U.S. DOLLAR INTEREST RATE SWAP
                     TRANSACTION UNDER 1992 MASTER AGREEMENT

Date:     December 21, 2006              Our ref:  99500954

To:       J.P. Morgan Chase Commercial   From:     JPMorgan Chase Bank, N.A.
          Mortgage Securities Trust                270 Park Avenue
          2006-LDP9                                6th Floor
          c/o LaSalle Bank National                New York, New York  10017
          Association
          135 South LaSalle Street,
          Suite 1625
          Chicago, Illinois 60603

Attn:     Global Securities and Trust    Contact:  Andrew Taylor
          Services, J.P. Morgan Chase
          Commercial Mortgage
          Securities Trust 2006-LDP9

Fax No:   (312) 904-1085                 Fax No:   (212) 834-6598
                                         Tel No:   (212) 834-3813

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 2006-LDP9 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 December 21,
2006, 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 2006-LDP9
(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:

      Notional Amount:         For each Calculation Period, the
                                 Certificate Balance (as defined in the
                                 Trust Agreement) of the Commercial
                                 Mortgage Pass-Through Certificates,
                                 Series 2006-LDP9, Class A-2SFL Regular
                                 Interest, issued by Party B under the
                                 Trust Agreement, as of the close of
                                 business on the Distribution Date (as
                                 defined in the Trust Agreement) occurring
                                 in such Calculation Period, except that
                                 the Notional Amount for the Initial
                                 Calculation Period shall be the Original
                                 Certificate Balance (as defined in the
                                 Trust Agreement) of the Commercial
                                 Mortgage Pass-Through Certificates,
                                 Series 2006-LDP9, Class A-2SFL Regular
                                 Interest. For the avoidance of doubt, on
                                 the Effective Date, the Notional Amount
                                 is equal to $200,000,000.
      Trade Date:              December 21, 2006
      Effective Date:          December 21, 2006
      Termination Date:        The earlier of: (a) the Rated Final
                                 Distribution Date (as defined in the
                                 Trust Agreement) in May of 2047; or (b)
                                 the date when the Notional Amount
                                 hereunder has been reduced to zero, in
                                 each case subject to adjustment in
                                 accordance with the Following Business
                                 Day Convention.
      Initial Accrual
        Interest Payment
        by Party A to          $576,333.33, to be paid on the Effective
        Party B:                 Date.
      Initial Up-front
        Payment by Party
        B to Party A:          $7,600.00, to be paid on the Effective Date.

      Fixed Amounts:
      Fixed Rate Payer:        Party B
      Fixed Rate Payer         The related Distribution Date, beginning on
        Payment Dates:           January 15, 2007 and ending on the
                                 Termination Date.
      Fixed Rate:              5.1870% per annum
      Fixed Rate Day           30/360 (without regard to the date of the
        Count Fraction:          first day or last day of the Calculation
                                 Period).
      Initial Fixed Rate       From and including December 1, 2006,
        Calculation              through and including December 31, 2006.
        Period:
      Fixed Amount:            For each Payment Date in respect of a
                                 Calculation Period, the lesser of: (1)
                                 the product of (a) the Fixed Rate, (b)
                                 the Fixed Rate Day Count Fraction and (c)
                                 the Notional Amount for such Calculation
                                 Period (the "Regular Fixed Amount"); or
                                 (2) the amount of funds available for
                                 such payment under the Trust Agreement
                                 (the "Available Fixed Amount").
      Fixed Rate Payer         The first day of each calendar month (with
        Period End               no adjustments).
        Dates:
      Fixed Rate Payer         For each Payment Date, the period from and
        Delayed Payment:         including the immediately preceding
                                 Period End Date to, but excluding, such
                                 Payment Date.
      Fixed Rate               For each Payment Date, the calendar month
        Calculation              preceding such Payment Date during the
        Period:                  Term of this Swap Transaction.
      Additional Fixed         For any Payment Date, the amount of any
        Amount:                  Yield Maintenance Charges (as defined in
                                 the Trust Agreement) paid in respect of the
                                 Class A-2SFL Regular Interest on the related
                                 Distribution Date under the Trust Agreement.

      Floating Amounts:
      Floating Rate Payer:     Party A
      Floating Rate Payer      The Business Day prior to the related
        Payment Dates:           Distribution Date, beginning on January
                                 12, 2007 and ending on the Termination
                                 Date.
      Floating Rate for        LIBOR plus the Spread.
        Initial
        Calculation
        Period:
      Floating Rate            LIBOR, as defined and calculated under the
        Option:                  Trust Agreement; provided that for the
                                 Initial Floating Rate Calculation Period,
                                 the Floating Rate Option should be
                                 5.3500%.
      Spread:                  0.1200%
      Floating Rate Day        Actual/360
        Count Fraction:
      Floating Rate            For each Payment Date, the period from and
        Calculation              including the Distribution Date in the
        Period:                  preceding calendar month (or the Closing
                                 Date (as defined in the Trust Agreement), in
                                 the case of the Initial Floating Rate
                                 Calculation Period), to, but excluding, the
                                 related Distribution Date, except that the
                                 final Calculation Period will end on, but
                                 exclude, the Termination Date.
      Initial Floating         From and including the Closing Date to, but
        Rate Calculation         excluding, January 15, 2007.
        Period:
      Floating Amount:         For each Payment Date in respect of a
                                 Calculation Period, the lesser of: (1) an
                                 amount equal to the product of (a) the
                                 Floating Rate, (b) the Floating Rate Day
                                 Count Fraction and (c) the Notional
                                 Amount for such Calculation Period (the
                                 "Regular Floating Amount"); or (2) an
                                 amount equal to (a) the Regular Floating
                                 Amount minus (b) the excess of (i) the
                                 Regular Fixed Amount for such Payment
                                 Date over (ii) the Available Fixed Amount.
      Business Days:           As defined in the Trust Agreement.
      Calculation Agent:       Party B
      Other:                   For the avoidance of doubt, for purposes of
                                 Section 2(c) of the Agreement, any amounts
                                 payable by the Floating Rate Payer on a
                                 Floating Rate Payer Payment Date, and by the
                                 Fixed Rate Payer on the related Fixed Rate
                                 Payer Payment Date, shall be netted even though
                                 such dates may be different, and the party with
                                 the larger aggregate amount shall make the net
                                 payment on the related Payment Date.

Recording of Conversations

            Each party to this Transaction acknowledges and agrees to the tape
recording of conversations between the parties to this Transaction whether by
one or other or both of the parties or their agents, and that any such tape
recordings may be submitted in evidence in any Proceedings relating to the
Agreement and/or this Transaction.

        Credit Support          With respect to Party B, the Pooling and
          Documents:              Servicing Agreement, dated as of December
                                  1, 2006, among J.P. Morgan Chase
                                  Commercial Mortgage Securities Corp., as
                                  depositor, Midland Loan Services, Inc.,
                                  as master servicer No. 1, Capmark Finance
                                  Inc., as master servicer No. 2, Wachovia
                                  Bank, National Association, as master
                                  servicer No. 3, LNR Partners, Inc., as
                                  special servicer, LaSalle Bank National
                                  Association, as trustee, and Wells Fargo
                                  Bank, N.A., as paying agent, as amended,
                                  modified, supplemented, restated or
                                  replaced from time to time (the "Trust
                                  Agreement").

        Account Details:
        Account for             Name: JPMorgan Chase Bank, N.A.
          payments to           City: New York
          Party A:              ABA: 021-000-021
                                Acct #: 999-97-341
                                Attn: Balance Guaranty
        Account for             Name: Wells Fargo Bank, N.A., as Paying
          payments to             Agent
          Party B:
                                ABA: 121-000-248
                                for credit to SAS Clearing 3970771416,
                                for further credit to A/C # 50976100
                                JPM 2006-LDP9 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:       Chicago, IL
            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).

<PAGE>

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.

JPMorgan Chase Bank, N.A.                Accepted and confirmed as of the date
                                         first written:

                                         J.P. Morgan Chase Commercial Mortgage
By: /s/ Andrew B. Taylor                 Securities Trust 2006-LDP9
----------------------------------
    Name: Andrew B. Taylor
    Title: Vice President                By: LaSalle Bank National Association,
                                         not in its individual capacity, but
                                         solely as Trustee

                                         By: /s/ Andy Streepey
                                            ------------------------------------
                                            Name: Andy Streepey
                                            Title: Assistant Vice President

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