Conditions Precedent and Secured Party’s Rights and Remedies. Each Termination Event specified below with respect to a party will be a "SPECIFIED CONDITION" for that party (the specified party being the Affected Party if a Termination Event or Additional Termination Event occurs with respect to that party): Illegality, Credit Event Upon Merger and Additional Termination Event.
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Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R3), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R3)
Conditions Precedent and Secured Party’s Rights and Remedies. Each The following Termination Event specified below with respect to a party Events will be a "SPECIFIED CONDITION" for the party specified (that party (the specified party being the Affected Party if a Termination Event or Additional of the Termination Event occurs with respect to that party): Illegality, Credit Event Upon Merger and Additional Termination EventNot Applicable.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4), Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4)
Conditions Precedent and Secured Party’s Rights and Remedies. Each The following Termination Event specified below with respect to a party Events will be a "SPECIFIED CONDITION" for the party specified (that party (the specified party being the Affected Party if a Termination Event or Additional the Termination Event occurs with respect to that party): Illegality, Credit Event Upon Merger and Additional Termination EventNot Applicable.
Appears in 1 contract
Samples: Master Agreement (Nelnet Student Loan Trust 2006-1)
Conditions Precedent and Secured Party’s Rights and Remedies. Each The following Termination Event specified below with respect to a party Events will be a "SPECIFIED CONDITION" for the party specified (that party (the specified party being the Affected Party if a Termination Event or Additional the Termination Event occurs with respect to that party): Illegality, Credit Event Upon Merger With respect to Party A and Additional Termination EventParty B: None.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-4)
Conditions Precedent and Secured Party’s Rights and Remedies. Each Termination Event specified below with respect to a party will be a "SPECIFIED CONDITION" for that party (the specified party being the Affected Party if a Termination Event or Additional Termination Event occurs with respect to that party): Illegality, PARTY A PARTY B Illegality [X] [X] Force Majeure Event [X] [X] Tax Event [ ] [ ] Tax Event Upon Merger [ ] [ ] Credit Event Upon Merger and Additional Termination Event.[X] [X]
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