Common use of Replace Itself Clause in Contracts

Replace Itself. Use its good faith efforts to find a party acceptable to Party B, which acceptance, subject to the Rating Agency Condition, shall not be unreasonably withheld, to whom all of Party A's interests and obligations under this Agreement shall be assigned at no cost to Party B, and following which Party A shall be released from all further obligations under this Agreement.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Impac Secured Assets Corp), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Cb5), Pooling and Servicing Agreement (Impac Secured Assets Corp)

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Replace Itself. Use its good faith efforts to find a party acceptable to Party B, which acceptance, subject to the Rating Agency Condition, shall not be unreasonably withheld, to whom all of Party A's interests and obligations under this Agreement shall be assigned at no cost to Party B, and following which Party A shall be released from all further obligations under this Agreement.Agreement or

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Cb5), Custodial Agreement (GSAMP Trust 2006-He2)

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Replace Itself. Use its good faith efforts to find a third party that meets or exceeds the Approved Ratings Threshold and that is acceptable to Party B, which acceptance, subject to the Rating Agency Condition, shall not be unreasonably withheld, to whom all of Party A's interests and obligations under this Agreement shall be assigned transferred at no cost to Party B, and following which Party A shall be released from all further rights and obligations under this Agreement.; or

Appears in 1 contract

Samples: Pooling Agreement (Luminent Mortgage Trust 2006-6)

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