Common use of Amendments and Transfers Clause in Contracts

Amendments and Transfers. Any amendments, transfers or assignments of obligations under the Master Agreement shall not be effective unless the Rating Agency confirms in writing any rating dependent of this agreement will be unaffected by such action.

Appears in 6 contracts

Samples: Isda Master Agreement (Lehman Mortgage Trust 2006-1), Isda Master Agreement (Lehman XS Trust Series 2005-1), Isda Master Agreement (Lehman XS Trust Series 2005-1)

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Amendments and Transfers. Any amendments, transfers or assignments of obligations under the Master Agreement shall not be effective unless (i) the Rating Agency confirms in writing any rating dependent of this agreement will be unaffected by such actionaction and (ii) each party has given prior written consent to the other party;.

Appears in 2 contracts

Samples: Isda Master Agreement (Lehman Mortgage Trust 2005-1), Isda Master Agreement (Lehman Mortgage Trust 2005-2)

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