Common use of Calculation Agent Clause in Contracts

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.

Appears in 26 contracts

Samples: Isda Master Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5), Master Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa3 /DE), Isda Master Agreement (PHH Alternative Mortgage Trust, Series 2007-3)

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Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.Agent a third party, reasonably acceptable to Party A, the cost for which shall be borne by Party A.

Appears in 26 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-Sl1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc4), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-Asap2)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint as Calculation Agent a financial institution which would qualify, qualify as a Reference Market-maker maker, reasonably acceptable to act as Calculation Agent.Party A, the cost for which shall be borne by Party A.

Appears in 15 contracts

Samples: Isda Master Agreement (CNH Capital Receivables LLC), Isda Master Agreement (CNH Capital Receivables LLC), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt3)

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, qualify as a Reference Market-maker to act as Calculation Agent., the cost for which shall be borne by Party A.

Appears in 12 contracts

Samples: Master Agreement (CWABS Asset-Backed Certificates Trust 2007-8), Master Agreement (CWABS Asset-Backed Certificates Trust 2007-13), Master Agreement (CWABS Asset-Backed Certificates Trust 2007-5)

Calculation Agent. The Calculation Agent is Party A; , provided howeverthat if Party A is a Defaulting Party, if an Event of Default occurs and is continuing with respect Party B may, by giving written notice to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as substitute Calculation Agent.

Appears in 11 contracts

Samples: Isda Schedule, Basis Rate Swap Agreement, Basis Rate Swap Agreement (Fixed and Tracker)

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.

Appears in 8 contracts

Samples: Master Agreement (CWABS Asset-Backed Certificates Trust 2006-17), Master Agreement (CWABS Asset-Backed Certificates Trust 2006-7), Master Agreement (CWABS Asset-Backed Certificates Trust 2006-18)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, if an Event of Default occurs and is continuing has occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act maker, as designated by Party B, shall be the Calculation Agent.

Appears in 7 contracts

Samples: Master Agreement (Carrington Mortgage Loan Trust, Series 2007-Fre1), Master Agreement (Carrington Mortgage Loan Trust, Series 2006-Nc5), Master Agreement (Carrington Mortgage Loan Trust, Series 2007-Rfc1)

Calculation Agent. The Calculation Agent is Party A; provided however, that if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which institution, that would qualify, qualify as a Reference Market-maker to act as Calculation Agent.

Appears in 5 contracts

Samples: Isda Master Agreement (CHL Mortgage Pass-Through Trust 2007-4), Isda Master Agreement, Isda Master Agreement (CHL Mortgage Pass-Through Trust 2006-20)

Calculation Agent. The Calculation Agent is Party A; provided howeverA. If Party A is the Defaulting Party, if an Event of Default occurs and is continuing with respect Party B shall be entitled, by notice to Party A, then to nominate a leading independent dealer in the relevant market reasonably selected by it to be the Calculation Agent and, upon such nomination, such leading independent dealer shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as become the Calculation Agent.

Appears in 5 contracts

Samples: Isda Master Agreement, Isda Master Agreement, Isda Master Agreement

Calculation Agent. The Calculation Agent is Party A; , provided howeverthat if and for as long as Party A is a Defaulting Party, if an Event of Default occurs and is continuing with respect Party B may, by giving written notice to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker leading dealer in the relevant market to act as Calculation Agent.

Appears in 5 contracts

Samples: Isda Master Agreement, Initial Basis Hedge Agreement, Isda Schedule

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing has occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as designated by Party B shall be Calculation Agent.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc., Home Equity Loan Trust, Series 2006-Fm2), Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt2), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-1)

Calculation Agent. The Calculation Agent is Party A, unless otherwise specified in a Confirmation in relation to the relevant Transaction; provided provided, however, that if an Event Party A is the Defaulting Party, Party B shall select a Reference Market Maker to act as Calculation Agent, the cost of Default occurs and is continuing with respect to which shall be borne by Party A, then A. All calculations by the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentmade in good faith and through the exercise of its commercially reasonable judgment.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc3), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-He5), Swap Schedule (MASTR Adjustable Rate Mortgages Trust 2007-1)

Calculation Agent. The Calculation Agent is will be Party A; provided provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.Agent a third party, reasonably acceptable to Party A, the cost for which shall be borne by Party A.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Opx1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc2), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc2)

Calculation Agent. The Calculation Agent is Party A; , provided howeverthat if Party A is a Defaulting Party, if an Event of Default occurs and is continuing with respect Party B may, by giving written notice to Party A, then the appoint a substitute Calculation Agent shall be Party B or Party B shall be entitled to appoint that is a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentleading dealer in the relevant market for the Transactions entered into hereunder.

Appears in 3 contracts

Samples: Isda Master Agreement, Isda Master Agreement, Isda Master Agreement

Calculation Agent. The Calculation Agent is Party A; provided , provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.Agent a third party, reasonably acceptable to Party A, the cost for which shall be borne by Party A.

Appears in 3 contracts

Samples: Swap Administration Agreement (Fremont Home Loan Trust 2006-D), Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2006-Ar3), Pooling and Servicing Agreement (C-Bass Mortgage Loan Asset-Backed Certificates, Series 2006-Cb8)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Depositor shall have the right to appoint as Calculation Agent a third party, reasonably acceptable to Party A, the cost for which shall be borne by Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.A.

Appears in 2 contracts

Samples: Isda Master Agreement (Adjustable Rate Mortgage Loan Trust 2007-2), Isda Master Agreement (Adjustable Rate Mortgage Loan Trust 2007-2)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.Agent a third party, reasonably acceptable to Party A.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar2), Master Agreement (CWABS Asset-Backed Certificates Trust 2007-2)

Calculation Agent. The Calculation Agent is Party A; provided however, if unless an Event of Default occurs or Potential Event of Default has occurred and is continuing with respect to Party AA or otherwise specified in a Confirmation in relation to the relevant Transaction, then in which case both parties will negotiate in good faith and appoint a mutually acceptable third party dealer as Calculation Agent. All determinations by the Calculation Agent shall are subject to agreement by Party A and Party B. If the parties are unable to agree on a particular calculation, another mutually acceptable third-party Calculation Agent which is a dealer in the relevant market will be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentappointed.

Appears in 2 contracts

Samples: Isda Master Agreement (Conseco Inc), Isda Master Agreement (Conseco Inc)

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, qualify as a Reference Market-maker to act as Calculation Agent.

Appears in 2 contracts

Samples: Isda Master Agreement (Alternative Loan Trust 2006-Oc8), Isda Master Agreement (Alternative Loan Trust 2006-0c5)

Calculation Agent. The Calculation Agent is Party A; , provided howeverthat if Party A is a Defaulting Party, if Party B may, by giving written notice to Party A, appoint a substitute Calculation Agent that is a leading dealer in the relevant market for the Transactions entered into hereunder. A failure by Party A to perform its obligations as Calculation Agent will not give rise to an Event of Default occurs and is continuing with or a Termination Event in respect to of Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.A.

Appears in 2 contracts

Samples: Currency Swap Transaction, Currency Swap Transaction

Calculation Agent. The Calculation Agent is Party A; provided however, if unless otherwise specified in a Confirmation in relation to the relevant Transaction or unless an Event of Default occurs applicable to Party A has occurred and is continuing with respect continuing, in which case Party B shall have the right to designate a third party to act as the Calculation Agent by giving notice to Party A, then A. All determinations and calculations by the Calculation Agent shall be Party B (i) made in good faith and in a commercially reasonable manner and (ii) determined, where applicable, on the basis of then prevailing market rates or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentprices.

Appears in 2 contracts

Samples: Isda Master Agreement (Nelnet Student Loan Trust 2006-1), Isda Master Agreement (Nelnet Student Loan Trust 2006-2)

Calculation Agent. The Calculation Agent is Party A; , provided howeverthat if Party A is a Defaulting Party, if an Event of Default occurs and is continuing with respect Party B may, by giving written notice to Party A, then appoint a substitute Calculation Agent. For the purpose of making any determination or calculation hereunder, the Calculation Agent shall be Party B may rely on any information, report, notice or certificate delivered to it by the Issuer Cash Manager or Party B shall (the “Third Party Information”) and the Calculation Agent will not be entitled to appoint a financial institution which would qualifyliable for any error, as a Reference Market-maker to act as Calculation Agentincompleteness or omission regarding such Third Party Information.

Appears in 2 contracts

Samples: Isda Master Agreement, 1992 Isda Master Agreement

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing with respect to A. Any failure by Party A, then (as determined by the Security Trustee, acting reasonably and in good faith), to perform its role as Calculation Agent shall be entitle Party B, by notice to the other parties hereto, to nominate itself or a third party reasonably selected by it as Calculation Agent and, upon such nomination, Party B or Party B such third party shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as become the Calculation Agent.

Appears in 1 contract

Samples: Covered Bond Swap Schedule

Calculation Agent. The Calculation Agent is Party A; provided however, if A unless an Event of Default occurs has occurred and is continuing with respect to Party A, then the Calculation Agent shall be A. in which case Party B or Party B shall be entitled to may appoint a financial institution which would qualify, as a Reference Market-maker third party to act as Calculation AgentAgent for so long as such Event of Default is continuing.

Appears in 1 contract

Samples: Isda Master Agreement (Fuelcell Energy Inc)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be the person designated as such by Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.B.

Appears in 1 contract

Samples: Master Agreement (WFN Credit Co LLC)

Calculation Agent. The Calculation Agent is will be Party A; provided provided, however, if that it an Event of Default in respect of Party A occurs and is continuing with respect to Party Acontinuing, then the Calculation Agent shall will be Party B or Party B shall be entitled to appoint a third party financial institution which would qualify, as a Reference Market-maker agreed to act as Calculation Agent.by Party A and Party B.

Appears in 1 contract

Samples: Isda 2002 Master Agreement (Arcos Dorados Holdings Inc.)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.Agent a third party, reasonably acceptable to Party A, the cost for which shall be borne by Party A. Global No. N594317N

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-Wm2)

Calculation Agent. The Calculation Agent is Party A; provided howeverthat, if an Event of Default occurs shall have occurred and is continuing with respect to Party Abe continuing, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint designate a financial institution which would qualify, as a third-party Reference Market-maker to act as the Calculation Agent.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (SunTrust Acquisition Closed-End Seconds Trust, Series 2007-1)

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Calculation Agent. The Calculation Agent is Party A; provided howeverA unless Party A is a Defaulting Party, if an Event of Default occurs and is continuing with respect to Party A, then in which case SunTrust Bank or its designee will be the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.

Appears in 1 contract

Samples: Master Agreement (Ikon Receivables LLC)

Calculation Agent. The Calculation Agent is Party A; provided however, if unless otherwise specified in a Confirmation in relation to the relevant Transaction. If at any time an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or an independent third party selected by Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to will act as Calculation Agent.

Appears in 1 contract

Samples: 2002 Master Agreement (Samson Oil & Gas LTD)

Calculation Agent. The Calculation Agent is Party A; provided , however, that if an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which that would qualify, qualify as a Reference Market-maker to act as Calculation Agent.

Appears in 1 contract

Samples: Isda Master Agreement (Alternative Loan Trust 2006-0c5)

Calculation Agent. The Calculation Agent is Party A; provided howeverthat, if an Event of Default occurs and is continuing with respect to Party A, A has occurred and is continuing then the Calculation Agent shall be a third party appointed by Party B or B, acceptable to Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.A.

Appears in 1 contract

Samples: Master Agreement

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and is continuing with respect to Party A, then A. All calculations by the Calculation Agent shall be made in good faith and through the exercise of the Calculation Agent’s commercially reasonable judgment. Upon the request of Party B, Party A shall provide Party B or with such information as is reasonably necessary to enable Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentconfirm the accuracy of such calculations.

Appears in 1 contract

Samples: Schedule to the Isda Master Agreement

Calculation Agent. The Calculation Agent is Party A, unless otherwise specified in a Confirmation in relation to the relevant Transaction; provided provided, however, that if an Event Party A is the Defaulting Party, Party B shall have the right to select a Reference Market Maker to act as Calculation Agent, the cost of Default occurs and is continuing with respect to which shall be borne by Party A, then A. All calculations by the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentmade in good faith and through the exercise of its commercially reasonable judgment.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf2)

Calculation Agent. The Calculation Agent is Party A; provided however, if A an Event of Default occurs and is continuing has occurred with respect to Party A, then A in which case the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a leading Reference Market-maker Maker selected by Party B and reasonably acceptable to act as Calculation Agent.Party A.

Appears in 1 contract

Samples: Isda Master Agreement (CNH Capital Receivables LLC)

Calculation Agent. The Calculation Agent is Party A; provided however, if unless otherwise specified in a Confirmation in relation to the relevant Transaction, and unless an Event of Default occurs has occurred (and is continuing continuing) with respect to Party A, then the Calculation Agent in which case a third party shall be appointed by Party A with consent of Party B (such consent not be unreasonably withheld or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentdelayed).

Appears in 1 contract

Samples: Series Supplement (Cendant Corp)

Calculation Agent. The Calculation Agent is Party A; provided however, provided, that if an Event of Default occurs and is continuing with respect to which Party AA is the Defaulting Party has occurred and is continuing, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.selected by Party B.

Appears in 1 contract

Samples: Isda Master Agreement

Calculation Agent. The Calculation Agent is Party A; provided howeverA except where (i) Party A is a Defaulting Party or (ii) Party A fails to perform, if in the reasonable opinion of Party B, an Event obligation assumed by it as Calculation Agent for the purposes of Default occurs and is continuing with respect to Party Aany Transaction, then in which case the Calculation Agent shall may be a third party selected by Party A and Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agentacting reasonably.

Appears in 1 contract

Samples: Master Agreement (Turquoise Funding I LTD)

Calculation Agent. The Calculation Agent is Party A; provided howeverA except where (i) Party A is a Defaulting Party or (ii) Party A fails to perform, if in the reasonable opinion of Party B, an obligation assumed by it as Calculation Agent for the purposes of any Transaction, in which case the Calculation Agent may be a third party selected by Party A and Party B acting reasonably. For the avoidance of doubt, failure by Party A to perform its obligations as Calculation Agent shall not constitute an Event of Default occurs and is continuing with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation AgentTermination Event.

Appears in 1 contract

Samples: Master Agreement (Turquoise Funding I LTD)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and Party A is continuing with respect to Party Athe Defaulting Party, then the Calculation Agent shall be any designated party mutually agreed to by the parties and the Policy Provider (so long as no Policy Provider Default has occurred and is continuing) until such time as Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation AgentA is no longer the Defaulting Party.

Appears in 1 contract

Samples: Swap Schedule (ABFC 2007-Wmc1 Trust)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, if an Event of Default occurs and Party A is continuing with respect to Party Aa Defaulting Party, then the Calculation Agent shall be any designated third party mutually agreed to by the parties until such time as Party B or Party B shall be entitled to appoint A is no longer a financial institution which would qualify, as a Reference Market-maker to act as Calculation AgentDefaulting Party.

Appears in 1 contract

Samples: Secured Hedging Facility Agreement (Atlas Resource Partners, L.P.)

Calculation Agent. The Calculation Agent is Party A; provided however, if an Event of Default occurs and unless (i) otherwise specified in a Confirmation in relation to the relevant Transaction or (ii) Party A is continuing with respect to Party Aa Defaulting Party, then in which case the Calculation Agent shall be a qualified third party financial institution appointed by Party B or which shall reasonably satisfactory to Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.A.

Appears in 1 contract

Samples: Isda Master Agreement (Newmarket Corp)

Calculation Agent. The Calculation Agent is Party AA unless otherwise specified in a Confirmation in relation to the relevant transaction; provided provided, however, if an Event of Default occurs has occurred and is continuing with respect to Party A, then a third party will be selected to be the Calculation Agent shall be by Party B or Party B shall be entitled to appoint a financial institution which would qualify, as a Reference Market-maker to act as Calculation Agent.from Annex A.

Appears in 1 contract

Samples: Master Agreement (Priceline Com Inc)

Calculation Agent. The Calculation Agent is Party A; provided provided, however, that if an Event of Default occurs and is continuing shall have occurred with respect to Party A, then the Calculation Agent shall be Party B or Party B shall be entitled have the right to appoint a financial institution which would qualify, as a Reference Market-maker to act third party as Calculation Agent., reasonably acceptable to Party A.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ahl1)

Calculation Agent. The Calculation Agent is Party A; provided howeverprovided, that if an Event of Default occurs and Party A is continuing with respect to Party Athe Defaulting Party, then the Calculation Agent shall be any designated third party mutually agreed to by the parties and the Insurer (as long as it is the Controlling Party) until such time as Party B or Party B shall be entitled to appoint A is no longer a financial institution which would qualify, as a Reference Market-maker to act as Calculation AgentDefaulting Party.

Appears in 1 contract

Samples: Master Agreement (Triad Financial Special Purpose LLC)

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