Designation of Early Termination Date. Notwithstanding anything to the contrary in Section 6 of this Agreement, if any: (A) Event of Default in respect of any Insured Transaction under this Agreement occurs, or (B) any Termination Event in respect of any Insured Transaction under this Agreement occurs (other than the Additional Termination Event described at (iii) below), then, in either case, neither Party A nor Party B shall designate an Early Termination Date in respect of any such Insured Transaction unless:
Appears in 2 contracts
Samples: Master Agreement (Novastar Mortgage Funding Corp), Master Agreement (Novastar Mortgage Funding Corp)
Designation of Early Termination Date. Notwithstanding anything to the contrary in Section 6 of this Agreement, if any:
(A) Event of Default in respect of any Insured Transaction under this Agreement occurs, or
(B) any Termination Event in respect of any Insured Transaction under this Agreement occurs (other than the Additional Termination Event described at Part 1(h)(A), (iiiB), or (C) belowabove), then, in either case, neither Party A Counterparty nor Party B Capital One shall designate an Early Termination Date in respect of any such Insured Transaction unless:
Appears in 1 contract
Samples: Master Agreement (Capital One Auto Receivables Trust 2001-B)
Designation of Early Termination Date. Notwithstanding anything to the contrary in Section 6 of this Agreement, if any:
(A) Event of Default in respect of any Insured Identified Transaction under this Agreement occurs, or
(B) any Termination Event in respect of any Insured Identified Transaction under this Agreement occurs (other than the Additional Termination Event described at (iiiiv)(A) or (B) below), then, in either case, neither Party A nor Party B shall designate an Early Termination Date in respect of any such Insured Identified Transaction unless:
Appears in 1 contract
Samples: Master Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar3)
