Timing of Party B Termination Payment. If an amount calculated as being due in respect of an Early Termination Date under Section 6(e) of this Agreement is an amount to be paid by Party B to Party A then, notwithstanding the provisions of Section 6(d)(ii) of this Agreement, such amount will be payable on the first Distribution Date following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii); provided that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, then the payment will be payable on the date determined in accordance with Section 6(d)(ii).
Appears in 24 contracts
Samples: Isda Master Agreement (BNC Mortgage Loan Trust 2007-1), Isda Master Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2008-1), Isda Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He1)
Timing of Party B Termination Payment. If an amount calculated as being due in respect of an Early Termination Date under Section 6(e) of this Agreement is an amount to be paid by Party B to Party A then, notwithstanding the provisions of Section 6(d)(ii) of this Agreement, such amount will be payable on the Business Day immediately preceding the first Distribution Date following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii); provided that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, then the payment will be payable on the date determined in accordance with Section 6(d)(ii).
Appears in 13 contracts
Samples: Isda Master Agreement (Sasco 2006-Bc4), Isda Master Agreement (GreenPoint Mortgage Funding Trust 2007-Ar3), Isda Master Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc5)
Timing of Party B Termination Payment. If an amount calculated as being due in respect of an Early Termination Date under Section 6(e) of this Agreement is an amount to be paid by Party B to Party A then, notwithstanding the provisions of Section 6(d)(ii) of this Agreement, such amount will be payable on the first distribution date for the Notes (“Distribution Date Date”) following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii); provided that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, then the payment will be payable on the date determined in accordance with Section 6(d)(ii).
Appears in 7 contracts
Samples: Master Agreement (Santander Drive Auto Receivables LLC), Master Agreement (Santander Drive Auto Receivables LLC), Master Agreement (Santander Drive Auto Receivables LLC)
Timing of Party B Termination Payment. If an amount calculated as being due in respect of an Early Termination Date under Section 6(e) of this Agreement is an amount to be paid by Party B to Party A then, notwithstanding the provisions of Section 6(d)(ii) of this Agreement, such amount will be payable on the first Distribution Date following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii), and on any subsequent Distribution Date until paid in full (or, if such Early Termination Date is the final Distribution Date, on such final Distribution Date; provided that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, then the payment will be payable on the date determined in accordance with Section 6(d)(ii).
Appears in 3 contracts
Samples: Master Agreement (WDS Receivables LLC), Master Agreement (WDS Receivables LLC), Master Agreement (Wachovia Auto Loan Owner Trust 2008-1)
Timing of Party B Termination Payment. If an amount calculated as being due in respect of an Early Termination Date under Section 6(e) of this Agreement is an amount to be paid by Party B to Party A then, notwithstanding the provisions of Section 6(d)(ii) of this Agreement, such amount will be payable on the first Distribution Date following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii), and on any subsequent Distribution Dates until paid in full (or if such Early Termination Date is the final Distribution Date, on such final Distribution Date; provided that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, then the payment will be payable on the date determined in accordance with Section 6(d)(ii).
Appears in 3 contracts
Samples: Isda Master Agreement (CarMax Auto Owner Trust 2008-1), Master Agreement (CarMax Auto Owner Trust 2007-3), Master Agreement (CarMax Auto Owner Trust 2008-2)
Timing of Party B Termination Payment. If an amount calculated as being due in respect of an Early Termination Date under Section 6(e) of this Agreement is an amount to be paid by Party B to Party A then, notwithstanding the provisions of Section 6(d)(ii) of this Agreement, such amount will be payable on the Business Day immediately proceeding the first Distribution Date following the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii); provided that if the date on which the payment would have been payable as determined in accordance with Section 6(d)(ii) is a Distribution Date, then the payment will be payable on the date determined in accordance with Section 6(d)(ii).
Appears in 1 contract
Samples: Master Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa1)
