Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly: Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B.
Appears in 29 contracts
Sources: Isda Master Agreement (Sasco 2006-S3), Isda Master Agreement (Lehman XS Trust 2006-11), Isda Master Agreement (Sail 2006-Bnc2)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “Event of Default” in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B.B; provided, however, that Section 5(a)(i) is hereby amended by replacing the word “third” with the word “first.”
Appears in 7 contracts
Sources: Isda Master Agreement (Lehman XS Trust Series 2007-16n), Isda Master Agreement (Lehman XS Trust Series 2007-16n), Isda Master Agreement (HarborView 2007-7)
Certain Events of Default. The following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B.
Appears in 6 contracts
Sources: Isda Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He5), 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)
Certain Events of Default. The Subject to Part 1(h) below, the following Events of Default will apply to the parties as specified below, and the definition of “"Event of Default” " in Section 14 is deemed to be modified accordingly:
Section 5(a) (i) (Failure to Pay or Deliver) will apply to Party A and Party B.
Appears in 1 contract
Sources: Isda Master Agreement (Adjustable Rate Mortgage Trust 2007-1)