Common use of Control Rights Clause in Contracts

Control Rights. The Controlling Party shall have the right, but not the obligation, to direct the Cap Contract Administrator with respect to the exercise of any right under the Cap Contract (such as the right to designate an Early Termination Date following an Event of Default (each such term as defined in the Cap Contract). For purposes of this Agreement, the "

Appears in 6 contracts

Samples: Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-H), Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2006-C), Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Asset Backed Notes, Series 2006-D)

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Control Rights. The Controlling Party shall have the right, but not the obligation, to direct the Cap Contract Administrator with respect to the exercise of any right under the Cap Contract (such as the right to designate an Early Termination Date following an Event of Default (each such term as defined in the Cap Contract)). For purposes of this Agreement, the "

Appears in 3 contracts

Samples: Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-C), Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-B), Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-A)

Control Rights. The Controlling Party shall have the right, but not the obligation, to direct the Cap Contract Administrator with respect to the exercise of any right under the Cap Contract (such as the right to designate an Early Termination Date following an Event of Default (each such term as defined in the Cap Contract)). For purposes of this Agreement, the "β€œ

Appears in 2 contracts

Samples: Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-D), Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2007-E)

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Control Rights. The Controlling Party shall have the right, but not the obligation, to direct the Cap Contract Administrator with respect to the exercise of any right under the Cap Contract Contracts (such as the right to designate an Early Termination Date following an Event of Default (each such term as defined in the Cap ContractContracts). For purposes of this Agreement, the "

Appears in 1 contract

Samples: Cap Contract Administration Agreement (CWHEQ Revolving Home Equity Loan Trust, Series 2006-I)

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