Performance Under Hedge Documents Clause Samples

Performance Under Hedge Documents. The Sponsor shall comply fully with, and otherwise perform when due, its respective obligations under all Hedge Documents. The Sponsor shall not exercise without ▇▇▇▇▇▇▇ Mac’s prior written consent, and shall exercise at ▇▇▇▇▇▇▇ Mac’s direction, any rights or remedies under any Hedge Document.

Performance Under Hedge Documents. ▇▇▇▇▇▇▇▇ agrees to comply fully with, and to otherwise perform when due, its obligations under, all applicable Hedge Documents and all other agreements evidencing, governing and/or securing any Hedge arrangement contemplated under this Section. Borrower shall not exercise, without the Lender's prior written consent, and shall exercise, at ▇▇▇▇▇▇'s direction, any rights or remedies under any Hedge Document, including without limitation the right of termination. 3. A new Section 12(h) shall be added as follows:

Performance Under Hedge Documents. The Borrower agrees to comply fully with, and to otherwise perform when due, its obligations under, all applicable Hedge Documents and all other agreements evidencing, governing and/or securing any Hedge arrangement contemplated under this Article XXIII. Except as specifically provided in this Article XXIII, the Borrower shall not exercise, without the Lender's prior written consent, and shall exercise, at the Lender's direction, any rights or remedies under any Hedge Document, including, without limitation, the right of termination. The Borrower shall notify the Lender of any downgrading of the credit rating of any counterparty under a Hedge promptly after the Borrower receives notice from such counterparty of such downgrading.

Performance Under Hedge Documents. The Borrowers agree to comply fully with, and to pay and otherwise perform when due, its obligations under all applicable Hedge Documents and all other agreements evidencing, governing and/or securing any Hedge arrangement contemplated under this section 3.2; provided, however, that the Borrowers shall not exercise without Fannie Mae's prior written consent, and shall exercise at Fannie Mae's direction, any rights or remedies under any Hedge Documents, including, if any event of default then exists under the applicable Hedge Documents, the right of termination. Notwithstanding anything herein to the contrary, Fannie Mae shall not have any liability, responsibility, obligation or accountability for the performance, payment or remittance of any of Borrowers' obligations or a Counterparty's obligations under any Hedge or Hedge Document.

Performance Under Hedge Documents. Any Borrower agrees to comply fully with, and to otherwise perform when due, its obligations under all applicable Hedge Documents and all other agreements evidencing, governing and/or securing any Hedge arrangement contemplated under Sections 7.1 and 7.2 of this Agreement. The Borrower shall not exercise without Fannie Mae’s prior written consent, and shall exercise at Fannie Mae’s direction, any rights or remedies under any Hedge Document, including without limitation the right of termination. Upon termination of an existing Hedge on a date other than the scheduled termination date, the applicable Borrower shall, within ten (10) days of such termination, obtain a new Hedge satisfying the terms of this Agreement.

Performance Under Hedge Documents. Owner agrees to comply fully with, and to pay and otherwise perform when due, its obligations under all applicable Hedge Documents and all other agreements evidencing, governing and/or securing any Hedge

Performance Under Hedge Documents. Owner agrees to comply fully with, and to pay and otherwise perform when due, its obligations under all applicable Hedge Documents and all other agreements evidencing, governing and/or securing any Hedge arrangement contemplated under this section 3.1; provided, however, that Owner shall not exercise without ▇▇▇▇▇▇ Mae's prior written consent, and shall exercise at ▇▇▇▇▇▇ Mae's direction, any rights or remedies permitted in accordance with the terms of any Hedge Documents, including any right of termination. Notwithstanding anything herein to the contrary, ▇▇▇▇▇▇ ▇▇▇ shall not have any liability, responsibility, obligation or accountability for the performance, payment or remittance of any of Owner's obligations or a Counterparty's obligations under any Hedge or Hedge Document; provided, however, that this provision shall not be interpreted to limit ▇▇▇▇▇▇ Mae's obligations under the Related ▇▇▇▇▇▇ ▇▇▇ Collateral Agreements or any other Transaction Document to which ▇▇▇▇▇▇ Mae is a party.