Common use of Credit Support Default Clause in Contracts

Credit Support Default. The "Credit Support Default" provision of Section 5(a)(iii) is hereby amended by adding, at the end thereof, the following: "provided that, not withstanding anything to the contrary contained in this Agreement or this Section 5, an Event of Default relative to the Credit Support Provider will not constitute an Event of Default with respect to Party B."

Appears in 3 contracts

Samples: Master Agreement (Ikon Receivables LLC), Isda Master Agreement (Ikon Receivables LLC), Master Agreement (Ikon Receivables LLC)

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Credit Support Default. The "Credit Support Default" provision of Section 5(a)(iii) is hereby amended by adding, at the end thereof, the following: "provided that, not withstanding anything to the contrary contained in this Agreement or this Section 5, an Event of Default relative to the Party B Credit Support Provider (as herein defined) will not constitute an Event of Default with respect to Party B."

Appears in 2 contracts

Samples: Master Agreement (Ikon Receivables Funding LLC), Master Agreement (Ikon Receivables LLC)

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