Common use of Financial Institution Status Clause in Contracts

Financial Institution Status. In the case of Party A, it is a “financial institution”, in that it engages, will engage and holds itself out as engaging in “financial contracts,” as a counterparty on both sides of one or more “financial markets” (as such quoted terms are defined in Regulation EE of the US Federal Reserve Board, 12 C.F.R. Part 231) and it fulfills at least one of the quantitative tests contained in such Regulation EE (12 C.F.R. §231(a)(1) or (a)(2)).”

Appears in 5 contracts

Samples: Master Agreement (Thornburg Mortgage Securities Trust 2006-6), Master Agreement (Thornburg Mortgage Securities Trust 2007-1), Master Agreement (Thornburg Mortgage Securities Trust 2007-2)

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Financial Institution Status. In the case of Party A, it is a "financial institution", in that it engages, will engage and holds itself out as engaging in "financial contracts," as a counterparty on both sides of one or more "financial markets" (as such quoted terms are defined in Regulation EE of the US Federal Reserve Board, 12 C.F.R. Part 231) and it fulfills at least one of the quantitative tests contained in such Regulation EE (12 C.F.R. §231(a)(1ss.231(a)(1) or (a)(2))."

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Thru Certificate Series 2001-Ar6), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar4)

Financial Institution Status. In the case of Party A, it is a "financial institution", in that it engages, will engage and holds itself out as engaging in "financial contracts," as a counterparty on both sides of one or more "financial markets" (as such quoted terms are defined in Regulation EE of the US Federal Reserve Board, 12 C.F.R. Part 231) and it fulfills at least one of the quantitative tests contained in such Regulation EE (12 C.F.R. §231(a)(1'SS'231(a)(1) or (a)(2))."

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Wamu Mor Pass Thru Cert Ser 2001-Ar1), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar2)

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Financial Institution Status. In the case of Party A, it is a “financial institution”, in that it engages, will engage and holds itself out as engaging in “financial contracts,” as a counterparty on both sides of one or more “financial markets” (as such quoted terms are defined in Regulation EE of the US Federal Reserve Board, 12 C.F.R. Part 231) and it fulfills at least one of the quantitative tests contained in such Regulation EE (12 C.F.R. §231(a)(1231 (a)(1) or (a)(2)).”

Appears in 2 contracts

Samples: Master Agreement (Thornburg Mortgage Securities Trust 2006-3), Master Agreement (Thornburg 2006-2)

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