Common use of Transfer and Amendment Clause in Contracts

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Investors Service, Inc. ("Moody's") (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes").

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Cw1), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Cw1)

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Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Investors Service, Inc. ("Moody's") (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes")Certificates.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Cw1), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Cw1)

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's ’s Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Mxxxx’x Investors Service, Inc. ("Moody's"’s”) (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's ’s confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes")Certificates.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Op2), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Fm2)

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's ’s Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Mxxxx’x Investors Service, Inc. ("Moody's"’s”) (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's ’s confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes").

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Fm2), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Op2)

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Investors Service, Inc. ("Moody's") (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes")Certificates.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Cw1), Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Cw1)

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's ’s Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Mxxxx’x Investors Service, Inc. ("Moody's"’s) (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's ’s confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes")Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Op1)

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's Ratings Services’s, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Mxxxx’x Investors Service, Inc. ("Moody's"’s) (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's ’s confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes")Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ace Securities Corp. Home Equity Loan Trust, Series 2006-Nc1)

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Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's ’s Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Mxxxx’x Investors Service, Inc. ("Moody's"“Mxxxx’x”) (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's ’s confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes")Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Fm2)

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's ’s Ratings Services, a Division of The MxXxxx-Xxxx Companies, Inc. ("S&P"”), Fitch Ratings (“Fitch”) and Mxxxx'x Mxxxx’x Investors Service, Inc. ("Moody's"’s) (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P S&P, Fitch and Moody's ’s confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes")Certificates.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-He1)

Transfer and Amendment. Subject to Part 5(j) herein, no transfer, amendment, waiver, supplement, assignment or other modification of this Transaction shall be permitted by either party unless (i) each of Standard and Poor's ’s Ratings Services, a Division of The MxXxxxXxXxxx-Xxxx Companies, Inc. ("S&P") and Mxxxx'x Xxxxx’x Investors Service, Inc. ("Moody's"’s”) (each a "Rating Agency") has been provided notice of the same and (ii) each of S&P and Moody's ’s confirm in writing (including by facsimile transmission) that they will not downgrade, qualify, withdraw or otherwise modify their then-current rating of the Certificates and any notes backed by the Certificates ("Notes").

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2006-Asap5)

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