Common use of Interest Rate Swaps Clause in Contracts

Interest Rate Swaps. The Issuer and the Swap Counterparties shall have executed and delivered the Interest Rate Swaps, which shall be in full force and effect, and the Collateral Agent shall have received a fully executed counterpart thereof. No Additional Termination Event (as defined in the applicable Interest Rate Swaps) shall have occurred and be continuing.

Appears in 2 contracts

Samples: Security Agreement (Accredited Home Lenders Holding Co), Security Agreement (Accredited Home Lenders Holding Co)

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Interest Rate Swaps. The Issuer and the each Swap Counterparties Counterparty shall have executed and delivered the applicable Interest Rate SwapsSwap, which shall be in full force and effect, and the Collateral Agent shall have received a fully executed counterpart thereof. No Event of Default or Additional Termination Event (each as defined in the applicable Interest Rate Swaps) shall have occurred and be continuing.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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Interest Rate Swaps. The Issuer and the each Swap Counterparties Counterparty shall have executed and delivered the applicable Interest Rate SwapsSwap, which shall be in full force and effect, and the Collateral Agent shall have received a fully executed counterpart thereof. No Additional Termination Event (as defined in the applicable Interest Rate Swaps) shall have occurred and be continuing.

Appears in 1 contract

Samples: Security Agreement (New Century Financial Corp)

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