Limited Recourse; Non-Petition. The liability of Party B in relation to this Agreement and any Confirmation hereunder is limited in recourse to assets in the Trust and payments of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust Agreement. Upon application of all of the assets in the Trust (and proceeds thereon) in accordance with the Trust Agreement, Party A shall not be entitled to take any further steps against Party B to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished. Party A hereby agrees that, notwithstanding any provision of this agreement to the contrary, Party B's obligations to pay any amounts owing under Section 6(e) of this Agreement where Party A is either the Defaulting Party or the sole Affected Party shall be subject to the payment priority described at Section 4. 01. of the Trust Agreement and Party A's right to receive payment of such amounts shall be subject to the payment priority described at Section 4.01 of the Trust Agreement.
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Limited Recourse; Non-Petition. The liability of Party B in relation to this Agreement and any Confirmation hereunder is limited in recourse to assets in the Trust Fund and payments of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust AgreementPSA. Upon application of all of the assets in the Trust Fund (and proceeds thereon) in accordance with the Trust AgreementPSA, Party A shall not be entitled to take any further steps against Party B to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished. Party A hereby agrees that, notwithstanding any provision of this agreement to the contrary, Party B's obligations to pay any amounts owing under Section 6(e) of this Agreement where Party A is either the Defaulting Party or the sole Affected Party shall be subject to the payment priority described at Section 4. 01. 4.02 of the Trust Agreement PSA and Party A's right to receive payment of such amounts shall be subject to the payment priority described at Section 4.01 4.02 of the Trust AgreementPSA.
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Limited Recourse; Non-Petition. The liability of Party B in relation to this Agreement and any Confirmation hereunder is limited in recourse to assets in the Trust and payments of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust AgreementPSA. Upon application of all of the assets in the Trust (and proceeds thereon) in accordance with the Trust AgreementPSA, Party A shall not be entitled to take any further steps against Party B to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished. Party A hereby agrees that, notwithstanding any provision of this agreement to the contrary, Party B's obligations to pay any amounts owing under Section 6(e) of this Agreement where Party A is either the Defaulting Party or the sole Affected Party shall be subject to the payment priority described at Section 4. 01. Article 4 of the Trust Agreement PSA and Party A's right to receive payment of such amounts shall be subject to the payment priority described at Section 4.01 Article 4 of the Trust AgreementPSA.
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Samples: Swap Schedule (Saxon Asset Securities Trust 2006-2)
Limited Recourse; Non-Petition. The liability of Party B in relation to this Agreement and any Confirmation hereunder is limited in recourse to assets in the Trust and payments of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust AgreementPSA. Upon application of all of the assets in the Trust (and proceeds thereon) in accordance with the Trust AgreementPSA, Party A shall not be entitled to take any further steps against Party B to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished. .
(p) Party A hereby agrees that, notwithstanding any provision of this agreement to the contrary, Party B's obligations to pay any amounts owing under Section 6(e) of this Agreement where Party A is either the Defaulting Party or the sole Affected Party shall be subject to the payment priority described at Section 4. 01. of in the Trust Agreement PSA and Party A's right to receive payment of such amounts shall be subject to the payment priority described at Section 4.01 of in the Trust AgreementPSA.
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Samples: Master Agreement (Credit Suisse Adjustable Rate Mortgage Trust 2006-1)
Limited Recourse; Non-Petition. The liability of Party B in relation to this Agreement and any Confirmation hereunder is limited in recourse to assets in the Trust and payments of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust AgreementPSA. Upon application of all of the assets in the Trust (and proceeds thereon) in accordance with the Trust AgreementPSA, Party A shall not be entitled to take any further steps against Party B to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished. Party A hereby agrees that, notwithstanding any provision of this agreement to the contrary, Party B's obligations to pay any amounts owing under Section 6(e) of this Agreement where Party A is either the Defaulting Party or the sole Affected Party shall be subject to the payment priority described at Section 4. 01. 4.02 of the Trust Agreement PSA and Party A's right to receive payment of such amounts shall be subject to the payment priority described at Section 4.01 4.02 of the Trust AgreementPSA.
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Samples: Isda Master Agreement (Alternative Loan Trust 2006-0c5)
Limited Recourse; Non-Petition. The liability of Party B in relation to this Agreement and any Confirmation hereunder is limited in recourse to assets in the Trust and payments of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust AgreementPSA. Upon application of all of the assets in the Trust (and proceeds thereon) in accordance with the Trust AgreementPSA, Party A shall not be entitled to take any further steps against Party B to recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished. Party A hereby agrees that, notwithstanding any provision of this agreement to the contrary, Party B's obligations to pay any amounts owing under Section 6(e) of this Agreement where Party A is either the Defaulting Party or the sole Affected Party shall be subject to the payment priority described at Section 4. 01. 4.02 of the Trust Agreement PSA and Party A's right to receive payment of such amounts shall be subject to the payment priority described at Section 4.01 4.02. of the Trust AgreementPSA.
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