Common use of Failure to Satisfy Conditions Clause in Contracts

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 91 contracts

Samples: 2002 Master Agreement (Verizon Master Trust), 2002 Master Agreement (Efcar, LLC), 2002 Master Agreement (Verizon Master Trust)

AutoNDA by SimpleDocs

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 10 contracts

Samples: Isda Master Agreement (Frontier Fund), Master Agreement (Murphy Wendell H), Isda Master Agreement (NovaStar Certificates Financing CORP)

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the PledgorChargor, the Secured Party will, not later than five Local Business Days after the demand, Transfer transfer or cause its Custodian to Transfer transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 4 contracts

Samples: Credit Support Deed (Virgin Entertainment Investment Holdings LTD), Credit Support Deed (Corvina Holdings LTD), Credit Support Deed

Failure to Satisfy Conditions. If the Secured Party Parry or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 4 contracts

Samples: Credit Support Annex (CWABS Asset-Backed Certificates Trust 2007-12), Credit Support Annex (CWABS Asset-Backed Certificates Trust 2007-13), Isda Master Agreement (Alternative Loan Trust 2007-Hy8c)

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, . then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 2 contracts

Samples: Isda Master Agreement (UBS Managed Futures LLC (Aspect Series)), Isda Master Agreement (Granite Construction Inc)

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, . then upon a demand made by the Pledgor, the Secured Party will, not riot later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 1 contract

Samples: Isda Master Agreement (Lillian Vernon Corp)

AutoNDA by SimpleDocs

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy satisfy, any conditions for holding Posted Collateral, Collateral then upon a demand made by the Pledgor, the Secured Party will, will not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.. 4

Appears in 1 contract

Samples: 2002 Master Agreement (Amnor Books, Inc)

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 1 contract

Samples: Credit Support Annex (American Skiing Co /Me)

Failure to Satisfy Conditions. If the Secured Party or its Custodian fails to satisfy any conditions for holding Posted Collateral, then upon a demand made by the Pledgor, the Secured Party will, not later than five Local Business Days after the demand, Transfer or cause its Custodian to Transfer all Posted Collateral held by it to a Custodian that satisfies those conditions or to the Secured Party if it satisfies those conditions.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc1)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!