Common use of Conditions Precedent and Secured Party’s Rights and Remedies Clause in Contracts

Conditions Precedent and Secured Party’s Rights and Remedies. (i) Illegality and (ii) Additional Termination Events will be a “Specified Condition” for Party A (as the Affected Party) (but not for purposes of Paragraph 8(d)), and (iii) Tax Event and (iv) Tax Event Upon Merger will not be a “Specified Condition for Party A.

Appears in 10 contracts

Samples: Letter Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Oa1), Pooling and Servicing Agreement (Dsla 2007-Ar1), Pooling and Servicing Agreement (Dsla 2007-Ar1)

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Conditions Precedent and Secured Party’s Rights and Remedies. (i) Illegality and (ii) Additional Termination Events will be a “Specified Condition” "SPECIFIED CONDITION" for Party A (as the Affected Party) (but not for purposes of Paragraph 8(d)), and (iii) Tax Event and (iv) Tax Event Upon Merger will not be a “Specified Condition "SPECIFIED CONDITION for Party A.

Appears in 7 contracts

Samples: RAMP Series 2007-Rs1 Trust, Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-Ff1), Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-3)

Conditions Precedent and Secured Party’s Rights and Remedies. (i) Illegality Illegality, (ii) Credit Event Upon Merger, and (ii) Additional Termination Events will be a “Specified Condition” for Party A (as the Affected Party) (but not for purposes of Paragraph 8(d)), and (iiiiv) Tax Event and (ivv) Tax Event Upon Merger will not be a “Specified Condition for Party A.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (HarborView 2006-11), Pooling and Servicing Agreement (HarborView 2006-11)

Conditions Precedent and Secured Party’s Rights and Remedies. (i) Illegality Illegality, and (ii) Additional Termination Events will be a “Specified Condition” for Party A (as the Affected Party) (but not for purposes of Paragraph 8(d)), and (iii) Tax Event and (iv) Tax Event Upon Merger will not be a “Specified Condition for Party A.

Appears in 1 contract

Samples: SG Mortgage Securities Trust 2006-Opt2

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Conditions Precedent and Secured Party’s Rights and Remedies. (i) Illegality and (ii) Additional Termination Events Subject to Paragraphs 13(d)(ii), for purposes of the Annex the following events will each be a “Specified Condition” for Party A the party specified (as that party being the Affected Party) (but not for purposes of Paragraph 8(dParty if the event occurs with respect to that party)), and (iii) . Counterparty Illegality [X] Tax Event and (iv) [ ] Tax Event Upon Merger will not be a “Specified Condition for Party A.[ ] Credit Event Upon Merger [X] Additional Termination Event(s) [X]

Appears in 1 contract

Samples: Letter Agreement (De Agostini Spa)

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