Common use of Breach of Representation and Warranty Clause in Contracts

Breach of Representation and Warranty. Upon the discovery by the Trustor or the Trustee of a breach of any of the representations and warranties made in the Trust Agreement that materially and adversely affects the interests of the Warrantholders, the party discovering such breach shall forward or cause the Warrant Agent to forward a written notice of such breach to the Warrantholders.

Appears in 3 contracts

Samples: Warrant Agent Agreement (STRATS (SM) Trust for Ambac Financial Group, Inc. Securities, Series 2007-1), Warrant Agent Agreement (Synthetic Fixed Income Securities Inc), Warrant Agent Agreement (Synthetic Fixed Income Securities Inc)

AutoNDA by SimpleDocs

Breach of Representation and Warranty. Upon the discovery by the Trustor Depositor or the Trustee of a breach of any of the representations and warranties made in the Trust Agreement that materially and adversely affects the interests of the Warrantholders, the party discovering such breach shall forward or cause the Warrant Agent to forward a written notice of such breach to the Warrantholders.

Appears in 2 contracts

Samples: Warrant Agent Agreement (Fixed Income Trust for Prudential Financial, Inc. Notes, Series 2012-1), Warrant Agent Agreement (Fixed Income Trust for Goldman Sachs Subordinated Notes, Series 2011-1)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!