Notice of Failure to Post Collateral. Upon any failure by Party A to post collateral as required under this Agreement, Party B shall, no later than the next Business Day after the date such collateral was required to be posted, give a written notice of such failure to Party A and to Depositor. For the avoidance of doubt, notwithstanding anything in this Agreement to the contrary, the failure of Party B to comply with the requirements of this paragraph shall not constitute an Event of Default or Termination Event.
Appears in 16 contracts
Samples: Credit Support Annex (MASTR Adjustable Rate Mortgages Trust 2007-3), Credit Support Annex (Carrington Mortgage Loan Trust, Series 2006-Nc5), Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Ar2)
Notice of Failure to Post Collateral. Upon any failure by Party A to post collateral as required under this Agreement, Party B shall, no later than the next Business Day after the date such collateral was required to be posted, give a written notice of such failure to Party A and to the Depositor. For the avoidance of doubt, notwithstanding anything in this Agreement to the contrary, the failure of Party B to comply with the requirements of this paragraph shall not constitute an Event of Default or Termination Event.
Appears in 9 contracts
Samples: Credit Support Annex (CWABS Asset-Backed Certificates Trust 2007-7), Credit Support Annex (CWABS Asset-Backed Certificates Trust 2007-8), Credit Support Annex (ML-CFC Commercial Mortgage Trust 2006-4)
Notice of Failure to Post Collateral. Upon any failure by Party A to post collateral Eligible Collateral as required under this Agreement, Party B shall, no later than the next Business Day after the date such collateral Eligible Collateral was required to be posted, give a written notice of such failure to Party A and to the Depositor. For the avoidance of doubt, notwithstanding anything in this Agreement to the contrary, the failure of Party B to comply with the requirements of this paragraph shall not constitute an Event of Default or Termination Event.
Appears in 6 contracts
Samples: Isda Master Agreement (Alternative Loan Trust 2007-Hy8c), Credit Support Annex (CWABS Asset-Backed Certificates Trust 2007-12), Credit Support Annex (CWABS Asset-Backed Certificates Trust 2007-9)
Notice of Failure to Post Collateral. Upon any failure by Party A to post collateral as required under this Agreement, Party B shall, no later than the next Business Day after the date such collateral was required to be posted, give a written notice of such failure to Party A and to Depositor. A. For the avoidance of doubt, notwithstanding anything in this Agreement to the contrary, the failure of Party B to comply with the requirements of this paragraph shall not constitute an Event of Default or Termination Event.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf2)
Notice of Failure to Post Collateral. Upon any failure by Party A to post collateral as required under this Agreement, Party B shall, no later than the next Local Business Day after the date such collateral was required to be posted, give a written notice of such failure to Party A and to the Depositor. For the avoidance of doubt, notwithstanding anything in this Agreement to the contrary, the failure of Party B to comply with the requirements of this paragraph shall not constitute an Event of Default or Termination Event.
Appears in 1 contract
Samples: Novation Agreement
