Condition Precedent. The condition precedent in Section 2(a)(iii)(1) does not apply to a payment and delivery owing by a party if the other party shall have satisfied in full all its payment or delivery obligations under Section 2(a)(i) and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 38 contracts
Sources: Isda Master Agreement (Accredited Mortgage Loan Trust 2005-1), Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-Wl1), Isda Master Agreement (GSAA Home Equity Trust 2006-2)
Condition Precedent. The condition precedent specified in Section 2(a)(iii)(1) of this Agreement does not apply to a payment and or delivery owing by a party if the other party shall have satisfied in full all of its payment or and delivery obligations under Section 2(a)(i) of this Agreement and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 7 contracts
Sources: Isda Master Agreement (Novastar Mortgage Funding Trust, Series 2007-1), Isda Master Agreement (NovaStar Certificates Financing CORP), Isda Master Agreement (NovaStar Certificates Financing CORP)
Condition Precedent. The condition precedent specified in Section 2(a)(iii)(1) of this Agreement does not apply to a payment and or delivery owing by a party if the other party shall have satisfied in full all its payment or and delivery obligations under Section 2(a)(i) of this Agreement and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 4 contracts
Sources: Pooling and Servicing Agreement (Wamu Mor Pass Thru Cert Ser 2001-Ar1), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar2), Pooling and Servicing Agreement (Wamu Mortgage Pass Thru Certificate Series 2001-Ar6)
Condition Precedent. The condition precedent in Section 2(a)(iii)(12(a)(iii)(I) does not apply to a payment and delivery owing by a party if the other party shall have satisfied in full all its payment or delivery obligations under Section 2(a)(i) and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 1 contract
Sources: Isda Master Agreement (GSAA Home Equity Trust 2006-11)