Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly: Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 23 contracts
Samples: Isda Master Agreement (Sail 2006-3), Isda Master Agreement (Sasco 2006-Opt1), Isda Master Agreement (Lehman XS Trust, Series 2006-8)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 16 contracts
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Trust 2005-5), Isda Master Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-5), Isda Master Agreement (Aegis Asset Backed Securities Trust 2004-6)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to To Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Without Assumption) will apply to Party A and Party B.
Appears in 7 contracts
Samples: Master Agreement (CSAB Mortgage-Backed Trust 2006-3), Master Agreement (CSAB Mortgage-Backed Trust 2006-4), Isda Master Agreement (TBW Mortgage-Backed Trust Series 2006-4)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will apply to Party A and will not apply to Party B, unless Party A or has posted collateral under the Credit Support Annex, in which case it will apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 5 contracts
Samples: Swap Schedule (Home Equity Asset Trust 2006-7), Pooling and Servicing Agreement (Home Equity Mortgage Trust 2006-5), Isda Master Agreement (BancCap Asset Securitization Issuance Corp, BASIC Asset Backed Securities Trust 2006-1, Mortgage Pass-Through Certificates, Series 2006-1)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to To Pay or Deliver) will apply to Party A and will apply to Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or and will apply to Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will apply to Party B. Section 5(a)(v) (Default under Under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or and will apply to Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not will apply to Party B. Section 5(a)(viii) (Merger without Without Assumption) will apply to Party A and will apply to Party B.
Appears in 4 contracts
Samples: Master Agreement (CSMC Mortgage-Backed Trust 2006-9), Master Agreement (Credit Suisse Adjustable Rate Mortgage Trust 2006-1), Master Agreement (Adjustable Rate Mortgage Trust 2006-2)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to To Pay or Deliver) will apply to Party A and will apply to Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall will not apply to Party B. Section 5(a)(viii) (Merger without Without Assumption) will apply to Party A and will apply to Party B.
Appears in 4 contracts
Samples: Isda Master Agreement (CHL Mortgage Pass-Through Trust 2007-4), Master Agreement (CHL Mortgage Pass-Through Trust 2006-13), Isda Master Agreement (CHL Mortgage Pass-Through Trust 2006-20)
Certain Events of Default. The Subject to Part 1(h) below, the following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or and will not apply to Party B. Section 5(a)(iii) (Credit Support Default) will apply to Party A and will not apply to Party B, unless Party A or has posted collateral under the Credit Support Annex, in which case Section 5(a)(iii)(1) will apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will not apply to Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 4 contracts
Samples: Swap Schedule (Asset Backed Securities CORP Home Equity Loan Trust, Series MO 2006-He6), Pooling and Servicing Agreement (Home Equity Mortgage Trust 2006-6), Isda Master Agreement (Home Equity Asset Trust 2006-8)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to To Pay or Deliver) will apply to Party A and will apply to Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or and will apply to Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will apply to Party B. Section 5(a)(v) (Default under Under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or and will not apply to Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not will apply to Party B. Section 5(a)(viii) (Merger without Without Assumption) will apply to Party A and will apply to Party B.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc), Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc), Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc)
Certain Events of Default. The Subject to Part 1(h) below, the following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will apply to Party A and will not apply to Party B; except that Section 5(a)(ii) will not apply to Party A or with respect to Party B. A’s failure to comply with Part 5(b) herein. Section 5(a)(iii) (Credit Support Default) will apply to Party A and will not apply to Party B, unless Party A or has posted collateral under the Credit Support Annex, in which case Section 5(a)(iii)(1) will apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will not apply to Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 4 contracts
Samples: Swap Schedule (Credit Suisse First Boston Mortgage Securities Corp), Swap Schedule (Asset Backed Securities CORP Home Equity Loan Trust, Series AMQ 2007-He2), Swap Schedule (Home Equity Asset Trust 2007-2)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 3 contracts
Samples: Isda Master Agreement (Structured Asset Securities Corporation, 2005 OPT-1), Isda Master Agreement (Structured Asset Securities Corp 2005-Wf4), Isda Master Agreement (Lehman XS Trust, Series 2005-8)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or and will not apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii5(a)(vii)(2) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 2 contracts
Samples: Isda Master Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Cb5), Pooling and Servicing Agreement (GSAMP Trust 2006-He2)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to To Pay or Deliver) will apply to Party A and will apply to Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or and will apply to Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or and Party B. B (but only to the extent that Party A has Transferred Eligible Credit Support pursuant to the Credit Support Annex). Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will apply to Party B. Section 5(a)(v) (Default under Under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will apply to Party A and will not apply to Party A or B. "Threshold Amount" means, in respect of Party B. A, 3% of shareholders' equity of Party A. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall will not apply to Party B. Section 5(a)(viii) (Merger without Without Assumption) will apply to Party A and will not apply to Party B.
Appears in 2 contracts
Samples: Isda Master Agreement (RFMSI Series 2007-S1 Trust), Cap Schedule (RALI Series 2006-Qa9 Trust)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Party. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger Meer without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Park Place Securities, Inc. Series 2005-Wcw1)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A at any time Party A is posting collateral or is providing a guarantee or other contingent agreement pursuant to Part 5(b) and will not apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-10)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. B provided that Section 5(a)(iii) will apply to Party B to the extent that, and for so long as, Party A has posted collateral under the Credit Support Annex attached hereto. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2005-Wl3)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 1 contract
Samples: Isda Master Agreement (LXS 2006-7)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A at any time Party A is posting collateral or is providing a guarantee or other contingent agreement pursuant to Part 5(b) and will not apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He4)
Certain Events of Default. The Subject to Part 1(h) below, the following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will apply to Party A and will not apply to Party B, except that Section 5(a)(ii) will not apply to Party A or with respect to Party B. A’s failure to comply with Part 5(b) herein. Section 5(a)(iii) (Credit Support Default) will apply to Party A and will not apply to Party B, unless Party A or has posted collateral under the Credit Support Annex, in which case Section 5(a)(iii)(1) will apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will not apply to Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 1 contract
Samples: Swap Schedule (Asset Backed Securities Corp Home Equity Loan Trust, Series RFC 2007-He1)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to To Pay or Deliver) will apply to Party A and will apply to Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or and will not apply to Party B. Section 5(a)(iii) (Credit Support Default) will apply to Party A and will not apply to Party B, unless Party A or has posted collateral under the Credit Support Annex, in which case it will apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will not apply to Party B. Section 5(a)(v) (Default under Under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or and will not apply to Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not will apply to Party B. Section 5(a)(viii) (Merger without Without Assumption) will apply to Party A and will apply to Party B.
Appears in 1 contract
Samples: Master Agreement (Saxon Asset Securities Trust 2006-2)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A at any time Party A is posting collateral or is providing a guarantee or other contingent agreement pursuant to Part 5(b) and will not apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and to Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-9)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided PROVIDED that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Lehman XS Trust Series 2005-5n)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. B; provided, however, that the reference to “third Local Business Day” shall be amended to be “first Local Business Day” and provided that a failure by Party B to make a payment as a result of insufficient funds therefore being available under the Pooling and Servicing Agreement referred to below shall not constitute an Event of Default so long as all funds are applied in accordance with the Pooling and Servicing Agreement. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or and will not apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-4)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (( Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (( Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Isda Master Agreement
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and to Party B.
Appears in 1 contract
Samples: Confirmation (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He3)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:
a. Section 5(a) (i5(a)(i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-3)
Certain Events of Default. The Subject to Part 1(h) below, the following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will apply to Party A and will not apply to Party B; except that Section 5(a)(ii) will not apply to Party A or with respect to Party B. A’s failure to comply with Part 5(b) herein. Section 5(a)(iii) (Credit Support Default) will apply to Party A and will not apply to Party B, unless Party A or has posted collateral under the Credit Support Annex, in which case Section 5(a)(iii)(1) will apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or and will not apply to Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 1 contract
Certain Events of Default. The following Events of Default will apply to the parties as so specified below, and the definition of “Event "Events of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. Section 5(a)(iii) (Credit Support Default) will not apply to Party A or Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and Party B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Home Equity Mortgage Pass-Through Certificates, Series 2004-FFB)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B. Section 5(a)(ii) (Breach of Agreement) will not apply to Party A or Party B. B.
Section 5(a)(iii5(a) (iii) (Credit Support Default) will apply to Party A and will not apply to Party B, unless Party A or has posted collateral under the Credit Support Annex, in which case it will apply to Party B. Section 5(a)(iv) (Misrepresentation) will not apply to Party A or Party B. Section 5(a)(v) (Default under Specified Transaction) will not apply to Party A or Party B. Section 5(a)(vi) (Cross Default) will not apply to Party A or Party B. Section 5(a)(vii) (Bankruptcy) will apply to Party A and Party B; provided that clause (2) thereof shall not apply to Party B. Section 5(a)(viii) (Merger without Assumption) will apply to Party A and will not apply to Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Alternative Loan Trust 2006-0c5)