Common use of Effectiveness of Agreement and Termination Clause in Contracts

Effectiveness of Agreement and Termination. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto. This Agreement shall be subject to termination in the absolute discretion of the Underwriter, by notice given to the Company prior to delivery of and payment for the Offered Certificates, if prior to such time (i) trading in securities generally on the New York Stock Exchange shall have been suspended or limited or minimum prices shall have been established on such Exchange, (ii) a banking moratorium shall have been declared by federal authorities or (iii) there shall have occurred any outbreak or material escalation of hostilities or other calamity or crisis the effect of which on the financial markets of the United States is such as to make it, in the reasonable judgment of the Underwriter, impracticable to market the Offered Certificates.

Appears in 66 contracts

Samples: Underwriting Agreement (Banc of America Funding 2006-4 Trust), Underwriting Agreement (Banc of America Mortgage 2007-3 Trust), Underwriting Agreement (Banc of America Mortgage 2006-B Trust)

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Effectiveness of Agreement and Termination. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto. This Agreement shall be subject to termination in the absolute discretion of the UnderwriterUnderwriters, by notice given to the Company prior to delivery of and payment for the Offered CertificatesNotes, if prior to such time (i) trading in securities generally on the New York Stock Exchange shall have been suspended or limited or minimum prices shall have been established on such Exchange, (ii) a banking moratorium shall have been declared by federal authorities or (iii) there shall have occurred any outbreak or material escalation of hostilities or other calamity or crisis the effect of which on the financial markets of the United States is such as to make it, in the reasonable judgment of the UnderwriterUnderwriters, impracticable to market the Offered CertificatesNotes.

Appears in 3 contracts

Samples: Underwriting Agreement (Wachovia Mortgage Loan Trust, LLC), Underwriting Agreement (Wachovia Asset Funding Trust, LLC), Underwriting Agreement (Wachovia Mortgage Loan Trust, LLC)

Effectiveness of Agreement and Termination. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto. This Agreement shall be subject to termination in the absolute discretion of the UnderwriterRepresentative, by notice given to the Company prior to delivery of and payment for the Offered Certificates, if prior to such time (i) trading in securities generally on the New York Stock Exchange shall have been suspended or limited or minimum prices shall have been established on such Exchange, (ii) a banking moratorium shall have been declared by federal authorities or (iii) there shall have occurred any outbreak or material escalation of hostilities or other calamity or crisis the effect of which on the financial markets of the United States is such as to make it, in the reasonable judgment of the UnderwriterRepresentative, impracticable to market the Offered Certificates.

Appears in 3 contracts

Samples: Senior Underwriting Agreement (Banc of America Mortgage 2006-a Trust), Underwriting Agreement (C-Bass 2007-Cb5 Trust), Underwriting Agreement (C-Bass 2006-Cb6 Trust)

Effectiveness of Agreement and Termination. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto. This Agreement shall be subject to termination in the absolute discretion of the UnderwriterUnderwriter[s], by notice given to the Company prior to delivery of and payment for the Offered Certificates, if prior to such time (i) trading in securities generally on the New York Stock Exchange shall have been suspended or limited or minimum prices shall have been established on such Exchange, (ii) a banking moratorium shall have been declared by federal authorities or (iii) there shall have occurred any outbreak or material escalation of hostilities or other calamity or crisis the effect of which on the financial markets of the United States is such as to make it, in the reasonable judgment of the UnderwriterUnderwriter[s], impracticable to market the Offered Certificates.

Appears in 1 contract

Samples: Underwriting Agreement (SunTrust Real Estate Trust, LLC)

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Effectiveness of Agreement and Termination. This Agreement shall become effective upon the execution and delivery hereof by the parties hereto. This Agreement shall be subject to termination in the absolute discretion of the Underwriter, by notice given to the Company prior to delivery of and payment for the Offered Certificates, if prior to such time (i) trading in securities generally on the New York Stock Exchange shall have been suspended or limited or minimum prices shall have been established on such Exchange, (ii) a banking moratorium shall have been declared by federal authorities or (iii) there shall have occurred any outbreak or material escalation of hostilities or other calamity or crisis the effect of which on the financial markets of the United States is such as to make it, in the reasonable judgment of the Underwriter, impracticable to market the Offered Certificates.

Appears in 1 contract

Samples: Underwriting Agreement (Asset Backed Funding Corp)

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