Common use of Fully-Paid Transactions Clause in Contracts

Fully-Paid Transactions. Notwithstanding the terms of Sections 5 and 6 of the ISDA Master Agreement, (a) the occurrence of an event described in Section 5(a) of the Form Master Agreement with respect to Counterparty shall not constitute an Event of Default or Potential Event of Default with respect to Counterparty as the Defaulting Party and (b) UBS AG shall be entitled to designate an Early Termination Date pursuant to Section 6 of the ISDA Master Agreement only as a result of a Termination Event set forth in either Section 5(b)(i) or Section 5(b)(ii) of the ISDA Master Agreement with respect to UBS AG as the Affected Party or Section 5(b)(iii) of the ISDA Master Agreement with respect to UBS AG as the Burdened Party. References in this clause to "a party" shall, in the case of UBS AG and where the context so allows, include references to any affiliate of UBS AG. Currency: USD Correspondent Bank: UBS AG, XXXXXXXX BRANCH Swift Address: XXXXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No:

Appears in 3 contracts

Samples: Assignment Agreement (MASTR Adjustable Rate Mortgages Trust 2007-1), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-He5), Assignment Agreement (MASTR Adjustable Rate Mortgages Trust 2007-1)

AutoNDA by SimpleDocs

Fully-Paid Transactions. Notwithstanding the terms of Sections 5 and 6 of the ISDA Master Agreement, (a) the occurrence of an event described in Section 5(a) of the Form Master Agreement with respect to Counterparty shall not constitute an Event of Default or Potential Event of Default with respect to Counterparty as the Defaulting Party and (b) UBS AG shall be entitled to designate an Early Termination Date pursuant to Section 6 of the ISDA Master Agreement only as a result of a Termination Event set forth in either Section 5(b)(i) or Section 5(b)(ii) of the ISDA Master Agreement with respect to UBS AG as the Affected Party or Section 5(b)(iii) of the ISDA Master Agreement with respect to UBS AG as the Burdened Party. References in this clause to "β€œa party" ” shall, in the case of UBS AG and where the context so allows, include references to any affiliate of UBS AG. Currency: USD Correspondent Bank: UBS AG, XXXXXXXX SXXXXXXX BRANCH Swift Address: XXXXXX00XXX UXXXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX UXXXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset-Backed Securities Trust 2006-Am2)

Fully-Paid Transactions. Notwithstanding the terms of Sections 5 and 6 of the ISDA Master Agreement, (a) the occurrence of an event described in Section 5(a) of the Form Master Agreement with respect to Counterparty shall not constitute an Event of Default or Potential Event of Default with respect to Counterparty as the Defaulting Party and (b) UBS AG shall be entitled to designate an Early Termination Date pursuant to Section 6 of the ISDA Master Agreement only as a result of a Termination Event set forth in either Section 5(b)(i) or Section 5(b)(ii) of the ISDA Master Agreement with respect to UBS AG as the Affected Party or Section 5(b)(iii) of the ISDA Master Agreement with respect to UBS AG as the Burdened Party. References in this clause to "a party" shall, in the case of UBS AG and where the context so allows, include references to any affiliate of UBS AG. Account Details for UBS AG: Currency: USD Correspondent Bank: UBS AG, XXXXXXXX BRANCH STAXXXXX XXANCH Swift Address: XXXXXX00XXX UBSXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX UBSXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No:: Offices

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc2)

AutoNDA by SimpleDocs

Fully-Paid Transactions. Notwithstanding the terms of Sections 5 and 6 of the ISDA Master Agreement, (a) the occurrence of an event described in Section 5(a) of the Form Master Agreement with respect to Counterparty shall not constitute an Event of Default or Potential Event of Default with respect to Counterparty as the Defaulting Party and (b) UBS AG shall be entitled to designate an Early Termination Date pursuant to Section 6 of the ISDA Master Agreement only as a result of a Termination Event set forth in either Section 5(b)(i) or Section 5(b)(ii) of the ISDA Master Agreement with respect to UBS AG as the Affected Party or Section 5(b)(iii) of the ISDA Master Agreement with respect to UBS AG as the Burdened Party. References in this clause to "a party" shall, in the case of UBS AG and where the context so allows, include references to any affiliate of UBS AG. Currency: USD Correspondent Bank: UBS AG, XXXXXXXX SXXXXXXX BRANCH Swift Address: XXXXXX00XXX UXXXXX00XXX Favour: UBS AG LONDON BRANCH Swift Address: XXXXXX0XXXX UXXXXX0XXXX Account No: 101-wa-140007-000 Further Credit To: Swift Address: Account No:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc3)

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