Automatic Early Termination. The Automatic Early Termination provisions of Section 6(a) of the ISDA Form will not apply to Party A or Party B; provided, however, that for Party A (i) where the Event of Default specified in Section 5(a)(vii)(1), (3), (4), (5), (6) or, to the extent analogous thereto, (8) of the ISDA Form, is governed by a system of law which does not permit termination to take place after the occurrence of the relevant Event of Default, then the Automatic Early Termination provision of Section 6(a) of the ISDA Form will apply to the Defaulting Party for purpose of such Event of Default, and (ii) to the extent that Section 6(a) of the ISDA Form is applicable, the second sentence of Section 6(a) of the ISDA Form shall only apply with respect to an Event of Default specified in Section 5(a)(vii)(4) of the ISDA Form or, to the extent analogous thereto, Section 5(a)(vii)(8) of the ISDA Form, if the relevant petition is presented to a court or other authority in the jurisdiction where the Defaulting Party is incorporated.
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Samples: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2004-4, Asset-Backed Certs., Series 2004-4), Pooling and Servicing Agreement (Long Beach Securities Corp Certs Series 2003-4), Pooling and Servicing Agreement (Fremont Home Loan Trust 2005-1)
Automatic Early Termination. The Automatic Early Termination provisions of Section 6(a) of the ISDA Form will not apply to Party A or Party B; provided, however, that for Party A (i) where the Event of Default specified in Section 5(a)(vii)(1), (3), (4), (5), (6) or, to the extent analogous thereto, (8) of the ISDA Form, is governed by a B-3-7 system of law which does not permit termination to take place after the occurrence of the relevant Event of Default, then the Automatic Early Termination provision of Section 6(a) of the ISDA Form will apply to the Defaulting Party for purpose of such Event of Default, and (ii) to the extent that Section 6(a) of the ISDA Form is applicable, the second sentence of Section 6(a) of the ISDA Form shall only apply with respect to an Event of Default specified in Section 5(a)(vii)(4) of the ISDA Form or, to the extent analogous thereto, Section 5(a)(vii)(8) of the ISDA Form, if the relevant petition is presented to a court or other authority in the jurisdiction where the Defaulting Party is incorporated.
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