Safe Harbors. Each party to this Agreement acknowledges that: (i) This Agreement, including any Credit Support Document, is a "master netting agreement" as defined in the U.S. Bankruptcy Code (the "Code"), and this Agreement, including any Credit Support Document, and each Transaction hereunder is of a type set forth in Section 561(a)(1)-(5) of the Code; (ii) Party A is a "master netting agreement participant" and a "swap participant" as defined in the Code; (iii) The remedies provided herein, and in any Credit Support Document, are the remedies referred to in Section 561(a), Sections 362(b)(6), (7), (17) and (27), and Section 362(o) of the Code; (iv) All transfers of cash, securities or other property under or in connection with this Agreement, any Credit Support Document or any Transaction hereunder are "margin payments," "settlement payments" and/or "transfers" under Sections 546(e), (f), (g) or (j), and under Section 548(d)(2) of the Code; and (v) Each obligation under this Agreement, any Credit Support Document or any Transaction hereunder is an obligation to make a "margin payment," "settlement payment" and/or "payment" within the meaning of Sections 362, 560 and 561 of the Code. [remainder of page intentionally left blank]
Appears in 2 contracts
Samples: Isda Master Agreement (Adjustable Rate Mortgage Loan Trust 2007-2), Isda Master Agreement (Adjustable Rate Mortgage Loan Trust 2007-2)
Safe Harbors. Each party to this Agreement acknowledges that:
(i) This Agreement, including any Credit Support Document, is a "“master netting agreement" ” as defined in the U.S. Bankruptcy Code (the "“Code"”), and this Agreement, including any Credit Support Document, and each Transaction hereunder is of a type set forth in Section 561(a)(1)-(5) of the Code;
(ii) Party A is a "“master netting agreement participant" ” and a "“swap participant" ” as defined in the Code;
(iii) The remedies provided herein, and in any Credit Support Document, are the remedies referred to in Section 561(a), Sections 362(b)(6), (7), (17) and (27), and Section 362(o) of the Code;
(iv) All transfers of cash, securities or other property under or in connection with this Agreement, any Credit Support Document or any Transaction hereunder are "“margin payments," "” “settlement payments" ” and/or "“transfers" ” under Sections 546(e), (f), (g) or (j), and under Section 548(d)(2) of the Code; and
(v) Each obligation under this Agreement, any Credit Support Document or any Transaction hereunder is an obligation to make a "“margin payment," "” “settlement payment" ” and/or "“payment" ” within the meaning of Sections 362, 560 and 561 of the Code. [remainder of page intentionally left blank].
Appears in 1 contract
Samples: Swap Schedule (Asset Backed Securities CORP Home Equity Loan Trust, Series AMQ 2007-He2)
Safe Harbors. Each party to this Agreement acknowledges that:
(i) This Agreement, including any Credit Support Document, is a "master netting agreement" as defined in the U.S. Bankruptcy Code Code, as amended (the "Code"), and this Agreement, including any Credit Support Document, and each Transaction hereunder is of a type set forth in Section 561(a)(1)-(5561(a)(1)-(6) of the Code;
(ii) Party A is a "master netting agreement participant" and and/or a "swap participant" as defined in the Code;
(iii) The remedies provided herein, and in any Credit Support Document, are the remedies referred to in Section 561(a), Sections 362(b)(6), (7), (17) and (27), and Section 362(o) of the Code;
(iv) All transfers of cash, securities or other property under or in connection with this Agreement, any Credit Support Document or any Transaction hereunder are "margin payments," "settlement payments" and/or "transfers" under Sections 546(e), (f), (g) or (j), and under Section 548(d)(2) of the Code; and
(v) Each obligation under this Agreement, any Credit Support Document or any Transaction hereunder is an obligation to make a "margin payment," "settlement payment" and/or "payment" within the meaning of Sections 362, 560 and 561 of the Code. [remainder of page intentionally left blank].
Appears in 1 contract
Samples: Swap Schedule (ABFC 2007-Wmc1 Trust)