Actions upon Ratings Event II. If a Ratings Event II has occurred and is continuing, the following shall occur. Xxxxxx shall, at its own expense, use commercially reasonable efforts to, as soon as reasonably practicable:
Appears in 10 contracts
Samples: The Master Agreement (J.P. Morgan Alternative Loan Trust 2007-A2), Master Agreement (Jpmac 2006-Ch2), Master Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-Ch3)
Actions upon Ratings Event II. If a Ratings Event II has occurred and is continuing, the following shall occur. Xxxxxx shall, at its own expense, use commercially reasonable efforts to, as soon as reasonably practicable:practicable (and, in the case of a Ratings Event II with respect to S&P only, within 60 calendar days):
Appears in 3 contracts
Samples: Master Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-Ch4), Master Agreement (BMW Vehicle Lease Trust 2007-1), Master Agreement (Harley-Davidson Motorcycle Trust 2007-3)
Actions upon Ratings Event II. If a Ratings Event II has occurred and is continuing, the following shall occur. Xxxxxx Mxxxxx shall, at its own expense, use commercially reasonable efforts to, as soon as reasonably practicable:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2), Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-2)
Actions upon Ratings Event II. If a Ratings Event II has occurred and is continuing, the following shall occur. Xxxxxx shall, at its own expense, use commercially reasonable efforts to, as soon as reasonably practicable:practicable (and, in the case of a Ratings Event II with respect to S&P, within 60 calendar days):
Appears in 1 contract
Samples: The Master Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-He1)
Actions upon Ratings Event II. If a Ratings Event II has occurred and is continuing, the following shall occur. Xxxxxx Mxxxxx shall, at its own expense, use commercially reasonable efforts to, as soon as reasonably practicable:practicable (and, in the case of a Ratings Event II with respect to S&P only, within 60 calendar days):
Appears in 1 contract
Samples: Pooling and Servicing Agreement (ChaseFlex Trust Series 2007-3)
