Common use of Regarding Party B Clause in Contracts

Regarding Party B. The liability of Party B under this Agreement is limited in recourse to the assets of the Trust Fund and the Supplemental Interest Trust (each term, as defined in the Trust Agreement), and to distributions of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust Agreement. Upon application of all of the assets of the Trust Fund and the Supplemental Interest Trust (and proceeds thereof) in accordance with the Trust Agreement, Party A shall not be entitled to take any further steps against Party B or recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished.

Appears in 6 contracts

Samples: Master Agreement (Structured Asset Securities Corp 2005-Wf4), Master Agreement (Lehman Mortgage Trust 2005-2), Master Agreement (Lehman XS Trust, Series 2005-8)

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Regarding Party B. The liability of Party B under this Agreement is limited in recourse to the assets of the Trust Fund and the Supplemental Supplement Interest Trust (each term, as defined in the Trust Pooling and Servicing Agreement), and to distributions of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust Pooling and Servicing Agreement. Upon application of all of the assets of the Trust Fund and the Supplemental Interest Trust (and proceeds thereof) in accordance with the Trust Pooling and Servicing Agreement, Party A shall not be entitled to take any further steps against Party B or recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished.

Appears in 2 contracts

Samples: Master Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-4), Master Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-5)

Regarding Party B. The liability of Party B under this Agreement is limited in recourse to the assets of the Trust Fund and the Supplemental Supplement Interest Trust (each term, as defined in the Trust Agreement), and to distributions of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust Agreement. Upon application of all of the assets of the Trust Fund and the Supplemental Interest Trust (and proceeds thereof) in accordance with the Trust Agreement, Party A shall not be entitled to take any further steps against Party B or recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished.

Appears in 2 contracts

Samples: Master Agreement (Structured Asset Investment Loan Trust 2005-6), Master Agreement (SASCO Mortgage Loan Trust Series 2005-Gel3)

Regarding Party B. The liability of Party B under this Agreement is limited in recourse to the assets of the Trust Fund and the Supplemental Interest Trust (each term, as defined in the Trust Pooling and Servicing Agreement), and to distributions of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust Pooling and Servicing Agreement. Upon application of all of the assets of the Trust Fund and the Supplemental Interest Trust (and proceeds thereof) in accordance with the Trust Pooling and Servicing Agreement, Party A shall not be entitled to take any further steps against Party B or recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished.

Appears in 1 contract

Samples: Master Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-4)

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Regarding Party B. The liability of Party B under this Agreement is limited in recourse to the assets of the Trust Fund and the Supplemental Interest Trust (each term, as defined in the Trust Agreement)Trust, and to distributions payments of interest proceeds and principal proceeds thereon applied in accordance with the terms of the Trust AgreementTransfer and Servicing Agreement and the Indenture. Upon application of all of the assets of the Trust Fund and the Supplemental Interest Trust (and proceeds thereof) in accordance with the Trust AgreementTransfer and Servicing Agreement and the Indenture, Party A shall not be entitled to take any further steps against Party B or recover any sums due but still unpaid hereunder or thereunder, all claims in respect of which shall be extinguished.

Appears in 1 contract

Samples: Master Agreement (Aegis Asset Backed Securities Trust 2004-6)

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