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

Conditions Precedent and Secured Party’s Rights and Remedies. For purposes of Paragraph 8(a), each Termination Event will be a "Specified Condition" for the Pledgor, if the Secured Party has designated an Early Termination Date in connection with the Termination Event. For all other purposes of this Annex, each Termination Event specified below with respect to a party will be a "Specified Condition" for that party (that party being the Affected Party if the Termination Event occurs with respect to that party): Termination Event Party A Party B Illegality [N/A] [N/A] Tax Event [N/A] [N/A] Tax Event Upon Merger [N/A] [N/A] Credit Event Upon Merger [N/A] [N/A] Additional Termination Event(s) [X] [X]

Appears in 5 contracts

Samples: Master Agreement (HarborView 2007-1), Master Agreement (HarborView 2007-5), Master Agreement (HarborView 2007-5)

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Conditions Precedent and Secured Party’s Rights and Remedies. For purposes of Paragraph 8(a), each Termination Event will be a "Specified Condition" for the Pledgor, if the Secured Party has designated an Early Termination Date in connection with the Termination Event. For all other purposes of this Annex, each Termination Event specified below with respect to a party will be a "Specified Condition" for that party (that party being the Affected Party if the Termination Event occurs with respect to that party): : Termination Event Party A Party B ----------------- ------- ------- Illegality [N/A] [N/A] Tax Event [N/A] [N/A] Tax Event Upon Merger [N/A] [N/A] Credit Event Upon Merger [N/A] [N/A] Additional Termination Event(s) [X] [X]

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust, Series 2007-Ffa), Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-He6)

Conditions Precedent and Secured Party’s Rights and Remedies. For purposes of Paragraph 8(a), each Termination Event will be a "Specified Condition" for the Pledgor, if the Secured Party has designated an Early Termination Date in connection with the Termination Event. For all other purposes of this Annex, each Termination Event specified below with respect to a party will be a "Specified Condition" for that party (that party being the Affected Party if the Termination Event occurs with respect to that party): : Credit Support Annex Termination Event Party A Party B Illegality [N/A] [N/A] Tax Event [N/A] [N/A] Tax Event Upon Merger [N/A] [N/A] Credit Event Upon Merger [N/A] [N/A] Additional Termination Event(s) [X] [X]

Appears in 1 contract

Samples: Master Agreement (Thornburg Mortgage Securities Trust 2007-1)

Conditions Precedent and Secured Party’s Rights and Remedies. For purposes of Paragraph 8(a), each Termination Event will be a "Specified Condition" for the Pledgor, if the Secured Party has designated an Early Termination Date in connection with the Termination Event. For all other purposes of this Annex, each Termination Event specified below with respect to a party will be a "Specified Condition" for that party (that party being the Affected Party if the Termination Event occurs with respect to that party): : Termination Event Party A Party B Illegality [N/A] [N/A] Tax Event [N/A] [N/A] Tax Event Upon Merger [N/A] [N/A] Credit Event Upon Merger [N/A] [N/A] Additional Termination Event(s) [X] [X]

Appears in 1 contract

Samples: Master Agreement (Thornburg Mortgage Securities Trust 2007-2)

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Conditions Precedent and Secured Party’s Rights and Remedies. For purposes of Paragraph 8(a), each Termination Event will be a "Specified Condition" for the Pledgor, if the Secured Party has designated an Early Termination Date in connection with the Termination Event. For all other purposes of this Annex, each Termination Event specified below with respect to a party will be a "Specified Condition" for that party (that party being the Affected Party if the Termination Event occurs with respect to that party): Termination Event Party A Party B Illegality [N/A] [A N/A] A Tax Event [N/A] [A N/A] A Tax Event Upon Merger [N/A] [A N/A] A Credit Event Upon Merger [N/A] [A N/A] A Additional Termination Event(s) [X X] [X]

Appears in 1 contract

Samples: Master Agreement (Structured Asset Mortgage Investments Ii Inc)

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