Common use of Qualifying Special Purpose Entity Clause in Contracts

Qualifying Special Purpose Entity. Notwithstanding any contrary provision of this Agreement the Trust shall not engage in any activity or knowingly hold any property that would disqualify the Trust from being a qualifying special purpose entity under generally accepted accounting principles.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Abs Inc Home Eq Mort Loan as Back Tr Ser SPMD 2002 B)

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Qualifying Special Purpose Entity. Notwithstanding any contrary provision of this Agreement Agreement, the Trust shall not hold any property or engage in any activity or knowingly hold any property that would disqualify the Trust from being a qualifying special purpose entity under generally accepted accounting principles.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indy Mac Abs Inc Home Equity Mor Ln as Bk Tr Ser SPMD 2002-A)

Qualifying Special Purpose Entity. Notwithstanding any other provision to the contrary provision of this Agreement the Trust shall not engage in any activity or knowingly hold any property that would disqualify the Trust from being a qualifying special purpose entity under generally accepted accounting principles.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Abs Inc)

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Qualifying Special Purpose Entity. Notwithstanding any other provision to the contrary provision of this Agreement the Trust shall not engage in any activity or knowingly hold any property that would disqualify the Trust from being a qualifying special purpose entity under generally accepted accounting principles.. * * * * * *

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Indymac Abs Inc Hm Eq Mort Ln Asset Back Tr Ser SPMD 2001-B)

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