Common use of Indenture Event of Default Clause in Contracts

Indenture Event of Default. The occurrence of an Event of Default under the Indenture. Party B shall be the sole Affected Party with respect to the Termination Event described in this Part 1(h)(2).

Appears in 1 contract

Sources: Isda Master Agreement (Merrill Auto Trust Securitization 2007-1)

Indenture Event of Default. The occurrence of an Event of Default under the IndentureIndenture (as defined in Part 5 (a) below). Party B shall be the sole Affected Party with respect to the Termination Event described in this Part 1(h)(2).

Appears in 1 contract

Sources: Isda Master Agreement (Merrill Auto Trust Securitization 2008-1)