Common use of METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES Clause in Contracts

METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES. 7.1 This Clause 7 shall apply if the CBC is required to sell or refinance Selected Mortgage Receivables in accordance with Clause 6.1 (subject to the proceeds being at least equal to the Adjusted Required Redemption Amount (after deduction of costs and as reduced by or increased with, as the case may be, any swap termination payment due by the CBC to the relevant Swap Counterparty, or by the relevant Swap Counterparty to the CBC, in connection with the termination of the Swap Agreement related to the relevant Series or a relevant part thereof)) and is at all times subject to Clause 9 of the Guarantee Support Agreement.

METHOD OF SALE OF SELECTED MORTGAGE RECEIVABLES. 7.1 9.1 This Clause 7 9 shall apply if the CBC is required to sell or refinance Selected Mortgage Receivables in accordance with Clause 6.1 8.1 (subject to the proceeds being at least equal to the Adjusted Required Redemption Amount (after deduction of costs and as reduced by or increased with, as the case may be, any swap termination payment due by the CBC to the relevant Swap Counterparty, or by the relevant Swap Counterparty to the CBC, in connection with the termination of the Swap Agreement related to the relevant Series or a relevant part thereof)) and is at all times subject to Clause 9 of the Guarantee Support Agreement.