Elective Termination. At any time that UBS AG has failed to meet its obligations under paragraph (xxii) above, then on or prior to any Early Termination Date relating to any Additional Termination Event, UBS AG may elect to designate a date as an Early Termination Date (an “Elective Termination Date”), and the termination payment for this Transaction shall be calculated and paid under the terms of Section 6 of the ISDA Master Agreement as if a Termination Event had occurred, the Elective Termination Date is the Early Termination Date and UBS AG is the sole Affected Party.
Appears in 3 contracts
Sources: Assignment Agreement (MASTR Asset Securitization Trust 2006-1), Assignment Agreement (MASTR Asset Securitization Trust 2006-2), Assignment Agreement (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Fa4)