Common use of Failure to Pay or Deliver Clause in Contracts

Failure to Pay or Deliver. Section 5(a)(i) is hereby amended by deleting the word "third" in the third line thereof and replacing it with the word "second".

Appears in 20 contracts

Samples: Pooling and Servicing Agreement (MSAC Trust 2006-He3), Pooling and Servicing Agreement (Msac 2006-Nc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Wmc1)

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Failure to Pay or Deliver. Section 5(a)(i) is hereby amended by deleting replacing the word "third" ” by the word “second” in the third line thereof and replacing it with the word "second"thereof.

Appears in 10 contracts

Samples: Rate Swap Transaction (Dsla 2007-Ar1), Rate Cap Transaction (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2), Rate Floor Transaction (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2)

Failure to Pay or Deliver. Section 5(a)(i5(a) is hereby amended by deleting replacing the word "third" in the third line thereof and replacing it with the word "second"fifth" in the last line of subsection (i) thereof.

Appears in 6 contracts

Samples: Series Supplement (Lehman Abs Corp Verizon Ny Debenture Backed Ser 2004-5), Series Supplement (Lehman Abs Corp Goldman Sachs Cap 1 Sec Backed Ser 2004-6), Series Supplement (Lehman Abs Corp Daimlerchrysler Debenture-Backed Ser 2004 3)

Failure to Pay or Deliver. Section 5(a)(i) is hereby amended by deleting replacing the word "third" by the word "second" in the third line thereof and replacing it with the word "second"thereof.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Merrill Lynch First Franklin Mortgage Loan Trust, Series 2007-5), Isda Schedule (Banc of America Funding 2007-1 Trust), Isda Master Agreement (Banc of America Funding 2007-5 Trust)

Failure to Pay or Deliver. Section 5(a)(i5(a) is hereby amended by deleting replacing the word "third" in the third line thereof and replacing it with the word "second"tenth" in the last line of subsection (i) thereof.

Appears in 4 contracts

Samples: Trust Certificates (Lehman Abs Corp Repack Amer Gen Float Rt Tr Certs Ser 2003-1), Series Supplement (Lehman Abs Corp Repack Amer Gen Float Rt Tr Certs Ser 2003-1), Series Supplement (Lehman Abs Corp Repac Ge Glob Ins FLT Rt Tr Cert Ser 2002-1)

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Failure to Pay or Deliver. Section 5(a)(i) is hereby shall be amended by deleting replacing the word "third" in the third line thereof and replacing it with the word "second".

Appears in 3 contracts

Samples: Isda Master Agreement (Daimlerchrysler Auto Trust 2008-B), Isda Schedule (DaimlerChrysler Auto Trust 2007-A), Isda Schedule (Daimlerchrysler Auto Trust 2008-A)

Failure to Pay or Deliver. Section 5(a)(i) is hereby amended by deleting the word "third" in the third line thereof and replacing it with the word "second".

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc5), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2006-Nc3)

Failure to Pay or Deliver. Section 5(a)(i) is hereby amended by deleting replacing the word "third" ” by the word “second” in the third line thereof and replacing it with the word "second"thereof.

Appears in 1 contract

Samples: Rate Swap Transaction (Deutsche Alt-a Securities Inc)

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