Common use of Credit Support Default Clause in Contracts

Credit Support Default. Section 5(a)(iii)(1) of this Agreement is hereby deleted and replaced with the following: (1) The occurrence of an Event of Default under any Credit Support Document if such Event of Default is continuing after any applicable grace period has elapsed;"

Appears in 14 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)

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Credit Support Default. Section 5(a)(iii)(1) of this Agreement is hereby deleted and replaced with the following: (1) The occurrence of an Event of Default under any Credit Support Document if such Event of Default is continuing after any applicable grace period has elapsed;"”

Appears in 2 contracts

Samples: Schedule to the Isda Master Agreement, Master Agreement (CNH Equipment Trust 2007-A)

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