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)

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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: Master Agreement (Murphy Wendell H), Master Agreement (Westwood One Inc /De/), Master Agreement (Frontier Fund)

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: Master Agreement (Corvina Holdings LTD), Isda Master Agreement (Virgin Entertainment Investment Holdings LTD), Isda Master Agreement (Virgin Entertainment Investment Holdings LTD)

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: Agreement (CWABS Asset-Backed Certificates Trust 2007-13), Lehman Brothers Special Financing (CWABS Asset-Backed Certificates Trust 2007-12), 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: Master Agreement (UBS Managed Futures LLC (Aspect Series)), 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 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)

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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: 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: 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 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: Master Agreement (Lillian Vernon Corp)

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