Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 36 contracts
Samples: Isda Master Agreement (Sasco 2006-Opt1), Isda Master Agreement (Sail 2006-Bnc2), Isda Master Agreement (Structured Asset Investment Loan Trust 2005-7)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and will not apply to Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 22 contracts
Samples: Isda Master Agreement, Isda Master Agreement (Aegis Asset Backed Securities Trust 2005-3), Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-10)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 9 contracts
Samples: Isda Master Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oci), Isda Master Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oc2), Master Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-3)
Termination Events. The following Termination Events will apply to the parties as specified below: "Illegality" provision of Section 5(b)(i), the "Tax Event" provision of Section 5(b)(ii), the "Tax Event Upon Merger" provision of Section 5(b)(iii) (Illegalityand the "Credit Event Upon Merger" provision of Section 5(b)(iv) will apply to both Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 7 contracts
Samples: Master Agreement (CSMC Mortgage-Backed Trust 2007-3), Master Agreement (CSMC Mortgage-Backed Trust 2007-2), Master Agreement (Adjustable Rate Mortgage Trust 2006-2)
Termination Events. The following Termination Events will apply to the parties as specified below: “Illegality” provision of Section 5(b)(i), the “Tax Event” provision of Section 5(b)(ii), the “Tax Event Upon Merger” provision of Section 5(b)(iii) (Illegalityand the “Credit Event Upon Merger” provision of Section 5(b)(iv) will apply to both Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc), Master Agreement (CSMC Mortgage Backed Trust Series 2007-1), Master Agreement (CSMC Mortgage-Backed Trust 2006-9)
Termination Events. The following Termination Events will apply to the parties as specified below: “Illegality” provision of Section 5(b)(i), the “Tax Event” provision of Section 5(b)(ii) (Illegalityand the “Tax Event Upon Merger” provision of Section 5(b)(iii) will apply to both Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax The “Credit Event upon Upon Merger) will apply to Party A and Party B. ” provision of Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 5 contracts
Samples: Master Agreement (CSAB Mortgage-Backed Trust 2006-4), Isda Master Agreement (TBW Mortgage-Backed Trust Series 2006-4), Isda Master Agreement (TBW Mortgage-Backed Trust Series 2006-4)
Termination Events. The following Termination Events will apply to the parties as specified below: “Illegality” provisions of Section 5(b)(i), the “Tax Event” provisions of Section 5(b)(ii), the “Tax Event Upon Merger” provisions of Section 5(b)(iii) (Illegalityand the “Credit Event Upon Merger” provisions of Section 5(b)(iv) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) but will not apply to Party B. Party A or shall be the sole Affected Party B.(under Section 5(b)(i), (ii) and 5(b)(iv)) and the sole Burdened Party (under Section 5(b)(iii)) with respect to a Termination Event.
Appears in 4 contracts
Samples: Isda Master Agreement (Jetblue Airways Corp), Isda Master Agreement (Continental Airlines Inc /De/), Isda Master Agreement (Jetblue Airways Corp)
Termination Events. The following Termination Events will apply to the parties as specified below: "Illegality" provision of Section 5(b)(i) (Illegality), the "Tax Event" provision of Section 5(b)(ii), the "Tax Event Upon Merger" provision of Section 5(b)(iii) will apply to both Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (The 'Credit Event upon Merger" provision of Section 5(b)(iv) will not apply to Party A or and will not apply to Party B.
Appears in 4 contracts
Samples: Isda Master Agreement (CHL Mortgage Pass-Through Trust 2007-4), Isda Master Agreement (CHL Mortgage Pass-Through Trust 2006-20), Isda Master Agreement (Alternative Loan Trust 2006-7cb)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and will not apply to Party B. B; provided for clarification that Party B may be a Burdened Party for purpose of this provision. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Argent Securities Inc., Asset-Backed Pass-Through Certificates, Series 2005-W2), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Trust 2006-R1, Asset-Backed Pass-Through Certificates, Series 2006-R1), Pooling and Servicing Agreement (GSAMP Trust 2006-He2)
Termination Events. The following Termination Events will apply to the parties as specified below: “Illegality” provisions of Section 5(b)(i) (Illegality), the “Tax Event” provisions of Section 5(b)(ii), and the “Tax Event Upon Merger” provisions of Section 5(b)(iii) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) but will not apply to Party B. Party A or shall be the sole Affected Party B.(under Section 5(b)(i) and (ii)) and the sole Burdened Party (under Section 5(b)(iii)) with respect to a Termination Event.
Appears in 3 contracts
Samples: Isda Schedule (Jetblue Airways Corp), Isda Master Agreement (Jetblue Airways Corp), Isda Master Agreement (Jetblue Airways Corp)
Termination Events. The following Termination Events will apply to the parties as specified below: "Illegality" provision of Section 5(b)(i), the "Tax Event" provision of Section 5(b)(ii) (Illegalityand the "Tax Event Upon Merger" provision of Section 5(b)(iii) will apply to both Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax The "Credit Event upon Upon Merger) will apply to Party A and Party B. " provision of Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 2 contracts
Samples: Master Agreement (CSAB Mortgage-Backed Trust 2007-1), Isda Master Agreement (Wells Fargo Mortgage Backed Securities 2006-10 Trust)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (IllegalityILLEGALITY) will apply to Party A and Party B. Section 5(b)(ii) (Tax EventTAX EVENT) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon MergerTAX EVENT UPON MERGER) will apply to Party A and will not apply to Party B. B; provided for clarification that Party B may be a Burdened Party for purpose of this provision. Section 5(b)(iv) (Credit Event upon MergerCREDIT EVENT UPON MERGER) will not apply to Party A or Party B.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R3), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc. Series 2005-R3)
Termination Events. The following Termination Events will apply to the parties as specified below: :
a. Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Home Equity Mortgage Trust 2005-3)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and will not apply to Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or to Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-9)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (IllegalityILLEGALITY) will apply to Party A and Party B. Section 5(b)(ii) (Tax EventTAX EVENT) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon MergerTAX EVENT UPON MERGER) will apply to Party A and will not apply to Party B. Section 5(b)(iv) (Credit Event upon MergerCREDIT EVENT UPON MERGER) will not apply to Party A or Party B.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Argent Securities Inc)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Upon Merger) will not apply to Party A or Party B.
Appears in 1 contract
Termination Events. The following Termination Events will apply to applyo the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and will not apply to Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party Pay A or Party B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Park Place Securities, Inc. Series 2005-Wcw1)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and but will only apply to Party B. B as a Burdened Party for purpose of this provision. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 1 contract
Samples: Isda Master Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Cb5)
Termination Events. The following Termination Events will apply to the parties as specified below: "Illegality" provision of Section 5(b)(i) (Illegality), the "Tax Event" provision of Section 5(b)(ii), the "Tax Event Upon Merger" provision of Section 5(b)(iii) will apply to both Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (The 'Credit Event upon Merger" provision of Section 5(b)(iv) will not apply to Party A or and will not apply to Party B.B. -19- <PAGE> (e)
Appears in 1 contract
Samples: Isda Master Agreement
Termination Events. The following Termination Events will apply to the parties as specified below: “Illegality” provision of Section 5(b)(i) (Illegality), the “Tax Event” provision of Section 5(b)(ii), and the “Tax Event Upon Merger” provision of Section 5(b)(iii) will apply to both Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax B, but the “Credit Event upon Upon Merger) will apply to Party A and Party B. ” provision of Section 5(b)(iv) (Credit Event upon Merger) will not apply to either Party A or Party B.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American Home Mortgage Assets Trust 2005-1)
Termination Events. The following Termination Events will apply to the parties as specified below: Section 5(b)(i) (Illegality) will apply to Party A and Party B. Section 5(b)(ii) (Tax Event) will apply to Party A and Party B. Section 5(b)(iii) (Tax Event upon Merger) will apply to Party A and Party B. Section 5(b)(iv) (Credit Event upon Merger) will not apply to Party A or Party B.
Appears in 1 contract
