Common use of Xxxxx’x First Rating Trigger Collateral Clause in Contracts

Xxxxx’x First Rating Trigger Collateral. If (A) it is not the case that a Xxxxx’x Second Trigger Ratings Event has occurred and been continuing for 30 or more Local Business Days and (B) Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex, then an Additional Termination Event shall have occurred with respect to Party A, Party A shall be the sole Affected Party with respect to such Additional Termination Event and all Transactions hereunder shall be Affected Transactions.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (SACO I Trust 2007-1), Isda Master Agreement (Residential Asset Securitization Trust 2007-A5), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt1)

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