Common use of Rights of Swap Counterparty Clause in Contracts

Rights of Swap Counterparty. The Swap Counterparty, if any, shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto and shall have the right to enforce its rights under this Agreement. For the protection and enforcement of the provisions of this Section, the Swap Counterparty shall be entitled to relief as can be given either at law or in equity.

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (CSMC Asset-Backed Trust 2007-Nc1), Pooling and Servicing Agreement (Adjustable Rate Mortgage Trust 2007-1), Pooling and Servicing Agreement (CSMC Mortgage-Backed Trust 2007-6)

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Rights of Swap Counterparty. The Swap Counterparty, if any, Counterparty shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto and shall have the right to enforce its rights under this Agreement. For the protection and enforcement of the provisions of this Section, the Swap Counterparty shall be entitled to relief as can be given either at law or in equity.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (CSMC Asset-Backed Trust 2007-Nc1), Pooling and Servicing Agreement (CSMC Asset-Backed Trust 2007-Nc1), Pooling and Servicing Agreement (Adjustable Rate Mortgage Trust 2006-3)

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Rights of Swap Counterparty. The Swap Counterparty, if any, Counterparty shall be deemed a third-party beneficiary of this Agreement to the same extent as if it were a party hereto and shall have the right right, upon designation of an “Early Termination Date” (as defined in the Swap Agreement), to enforce its rights under this Agreement. For the protection and enforcement of the provisions of this Section, the Swap Counterparty shall be entitled to relief as can be given either at law or in equity.this

Appears in 1 contract

Samples: Custodial Agreement (Lehman XS Trust Series 2007-20n)

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