Common use of Amendment of the Pooling and Servicing Agreement Clause in Contracts

Amendment of the Pooling and Servicing Agreement. (1) Party B will not amend, supplement or otherwise modify the Pooling and Servicing Agreement except in compliance with the provisions of Section 12.01 of the Pooling and Servicing Agreement. (2) As provided in Section 12.01 of the Pooling and Servicing Agreement, Party A will be provided with any proposed amendment to the Pooling and Servicing Agreement that requires the consent of Party A, and with a copy of any executed amendment to the Pooling and Servicing Agreement.

Appears in 3 contracts

Samples: Isda Master Agreement (NovaStar Certificates Financing CORP), Isda Master Agreement (NovaStar Certificates Financing CORP), Isda Master Agreement (NovaStar Certificates Financing CORP)

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Amendment of the Pooling and Servicing Agreement. (1) Party B will not amend, supplement or otherwise modify the Pooling and Servicing Agreement except in compliance with the provisions of Section 12.01 of the Pooling and Servicing Agreement. (2) As provided in Section 12.01 of the Pooling and Servicing Agreement, Party A will be provided with any proposed amendment to the Pooling and Servicing Agreement that requires the consent of Party A, and with a copy of any executed amendment to the Pooling and Servicing Agreement.

Appears in 1 contract

Samples: Isda Master Agreement (Novastar Mortgage Funding Trust, Series 2007-1)

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