Common use of Other Criteria Clause in Contracts

Other Criteria. Notwithstanding, and without prejudice to, any other provision herein, in the event that S&P has other published criteria with respect to the downgrade of a counterparty in effect at the time of such a downgrade of Party A, Party A shall be entitled to elect to take such other measures specified in such published criteria subject to Rating Agency Confirmation by S&P.

Appears in 6 contracts

Samples: Isda Master Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2), Isda Master Agreement (Sasco 2007-Eq1), Isda Master Agreement (Sasco 2007-Eq1)

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Other Criteria. Notwithstanding, and without prejudice to, any other provision herein, in the event that S&P has other published criteria with respect to the downgrade of a counterparty in effect at the time of such a downgrade of Party A, Party A shall be entitled to elect to take such other measures specified in such published criteria subject to satisfaction of the Rating Agency Confirmation Condition by S&P.

Appears in 5 contracts

Samples: Isda Master Agreement (Sasco 2007-Bnc1), Isda Master Agreement (BNC CORP Mortgage Loan Trust 2007-Bnc4), Isda Master Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2008-1)

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