Common use of Swap Disclosure Event Clause in Contracts

Swap Disclosure Event. If, upon the occurrence of a Swap Disclosure Event (as defined in paragraph 18 below), BSFP has not, within 10 Business Days after such Swap Disclosure Event complied with any of the provisions set forth in clause (iii) in paragraph 18 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such Additional Termination Event.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-1)

AutoNDA by SimpleDocs

Swap Disclosure Event. If, upon the occurrence of a Swap Disclosure Event (as defined in paragraph 18 16 below), BSFP has not, within 10 Business Days after such Swap Disclosure Event complied with any of the provisions set forth in clause (iii) in paragraph 18 16 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such Additional Termination Event.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-1)

Swap Disclosure Event. If, upon the occurrence of a Swap Disclosure Event (as defined in paragraph 18 belowSection 16 of this Agreement), BSFP has not, within 10 Business Days days after such Swap Disclosure Event complied with any of the provisions set forth in clause Section 16 (iii) in paragraph 18 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such Additional Termination Event.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2006-1)

AutoNDA by SimpleDocs

Swap Disclosure Event. If, upon the occurrence of a Swap Disclosure Event (as defined in paragraph 18 Section 14(ii) below), BSFP has not, within 10 Business Days days after such Swap Disclosure Event complied with any of the provisions set forth in clause (iiiSection 14(iii) in paragraph 18 below, then an Additional Termination Event shall have occurred with respect to BSFP and BSFP shall be the sole Affected Party with respect to such Additional Termination Event.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Sl3)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!