S&P Second Rating Trigger Event. An S&P Second Rating Trigger Event (as defined in Part 5(i)) with respect to S&P has occurred, and Party A has not, within the period of time prescribed, complied with the requirements of Part 5(i)(v) below. For purposes of this Additional Termination Event, Party A shall be the sole Affected Party.
Appears in 2 contracts
Samples: Isda Master Agreement (HarborView 2007-5), Master Agreement (Home Equity Loan Trust 2007-Fre1)
S&P Second Rating Trigger Event. An S&P A Second Rating Trigger Event (as defined in Part 5(i)) with respect to S&P has occurred, and Party A has not, within the period of time prescribed10 Business Days after such event, complied with the requirements of Part 5(i)(v5(i)(iii) below. For purposes of this Additional Termination Event, Party A shall be the sole Affected Party.
Appears in 2 contracts
Samples: Isda Master Agreement (HarborView 2007-1), Isda Master Agreement (HarborView 2007-3)
S&P Second Rating Trigger Event. An S&P A Second Rating Trigger Event (as defined in Part 5(i5(j)) with respect to S&P has occurred, and Party A has not, within the period of time prescribed10 days after such event, complied with the requirements of Part 5(i)(v5(j)(iii) below. For purposes of this Additional Termination Event, Party A shall be the sole Affected Party.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-He6), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust, Series 2007-Ffa)
S&P Second Rating Trigger Event. An S&P A Second Rating Trigger Event (as defined in Part 5(i)) with respect to S&P has occurred, and Party A has not, within the period of time prescribed10 days after such event, complied with the requirements of Part 5(i)(v5(i)(iii) below. For purposes of this Additional Termination Event, Party A shall be the sole Affected Party.
Appears in 1 contract
S&P Second Rating Trigger Event. An S&P A Second Rating Trigger Event (as defined in Part 5(i5(j)) with respect to S&P has occurred, and Party A has not, within the period of time prescribed10 days after such event, complied with the requirements of Part 5(i)(v5(j)(iii) below. For purposes of this Additional Termination Event, Party A shall be the sole Affected Party.
Appears in 1 contract
