Security and Performance. Eligible Collateral Transferred to the Secured Party constitutes security and performance assurance without which the Secured Party would not otherwise enter into and continue any and all Transactions.
Appears in 35 contracts
Sources: Isda Master Agreement (Aegis Asset Backed Securities Trust 2005-3), Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2005-3 Asset-Backed Certificates, Series 2005-3), Isda Master Agreement (PHH Alternative Mortgage Trust, Series 2007-3)