Common use of Transfer, Amendment and Assignment Clause in Contracts

Transfer, Amendment and Assignment. No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction (other than the pledge of this Transaction to the trustee pursuant to the Pooling and Servicing Agreement) shall be permitted by either party unless each of Fitch Ratings (“Fitch”), Standard & Poor’s, a division of The M▇▇▇▇▇-▇▇▇▇ Companies, Inc. (“S&P”) and M▇▇▇▇’▇ Investor Service, Inc. (“Moody’s”), has been provided notice of the same and confirms in writing (including by facsimile transmission) within five Business Days after such notice is given that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates (as defined in the Pooling and Servicing Agreement).

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (CMALT (CitiMortgage Alternative Loan Trust), Series 2006-A6), Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc)

Transfer, Amendment and Assignment. No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction (other than the pledge of this Transaction to the trustee Trustee pursuant to the Pooling and Servicing Agreement) shall be permitted by either party unless each of Fitch Ratings ("Fitch"), Moody's Investor Service, Inc. ("Moody's"), Standard & Poor’s's Rat▇▇▇▇ ▇▇rvice, a division of The M▇▇▇▇▇-▇▇▇▇ McGraw Hill Companies, Inc. ("S&P") and M▇▇▇▇’▇ Investor Dominion Bond Rating Service, Inc. (“Moody’s”"DBRS"), has been provided notice of the same and confirms in writing (including by facsimile transmission) within five Business Days after such notice is given that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates (as defined in the Pooling and Servicing Agreement).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ABFC C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb5)

Transfer, Amendment and Assignment. No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction (other than the pledge of this Transaction to the trustee Trustee pursuant to the Pooling and Servicing Agreement) shall be permitted by either party unless each of Fitch Inc., also known as Fitch Ratings (“Fitch”), Standard & Poor’s, a division of The M▇▇▇▇-▇▇▇▇ Companies, Inc. (“S&P”) and M▇▇▇▇’▇ Investor Investors Service, Inc. (“Moody’s”) and Standard & Poor’s Ratings Service, a division of The McGraw Hill Companies, Inc. (“S&P”), has been provided notice of the same and confirms in writing (including by facsimile transmission) within five Business Days after such notice is given that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates (as defined in the Pooling and Servicing Agreement).

Appears in 1 contract

Sources: Rate Cap Transaction (First Horizon Asset Sec Mort Pass THR Certs Ser 2006-Fa1)

Transfer, Amendment and Assignment. No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction (other than the pledge of this Transaction to the trustee Trustee pursuant to the Pooling and Servicing Trust Agreement) shall be permitted by either party unless each of Fitch Inc., also known as Fitch Ratings (“Fitch”), Standard & Poor’s, a division of The M▇▇▇▇-▇▇▇▇ Companies, Inc. (“S&P”) and M▇▇▇▇’▇ Investor Investors Service, Inc. (“Moody’s”) and Standard & Poor’s Ratings Service, a division of The McGraw Hill Companies, Inc. (“S&P”), has been provided notice of the same and confirms in writing (including by facsimile transmission) within five Business Days after such notice is given that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates (as defined in the Pooling and Servicing Trust Agreement).

Appears in 1 contract

Sources: Rate Cap Transaction (Lehman Mortgage Trust 2006-3)

Transfer, Amendment and Assignment. No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction (other than the pledge of this Transaction to the trustee Trustee pursuant to the Pooling and Servicing Agreement) shall be permitted by either party unless each of Fitch Ratings ("Fitch"), Moody's Investor Service, Inc. ("Moody's"), Standard & Poor’s's Rati▇▇▇ ▇▇▇vice, a division of The M▇▇▇▇▇-▇▇▇▇ McGraw Hill Companies, Inc. ("S&P") and M▇▇▇▇’▇ Investor Dominion Bond Rating Service, Inc. (“Moody’s”"DBRS"), has been provided notice of the same and confirms in writing (including by facsimile transmission) within five Business Days after such notice is given that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates (as defined in the Pooling and Servicing Agreement).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ABFC C-Bass Mortgage Loan Asset-Backed Certificates, Series 2005-Cb5)

Transfer, Amendment and Assignment. No transfer, amendment, waiver, supplement, assignment or other modification of this Transaction (other than the pledge of this Transaction to the trustee pursuant to the Pooling and Servicing Agreement) shall be permitted by either party unless each of Fitch Ratings ("Fitch"), Standard & Poor’s's, a division of The M▇▇▇▇▇McGraw-▇▇▇▇ Hill Companies, Inc. ("S&P") and MMoody's Investor Service, ▇▇▇. ("’▇ Investor Service, Inc. (“Moody’s”▇▇dy's"), has been provided notice of not▇▇▇ ▇▇ the same and confirms in writing (including by facsimile transmission) within five Business Days after such notice is given that it will not downgrade, qualify, withdraw or otherwise modify its then-current rating of the Certificates (as defined in the Pooling and Servicing Agreement).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Wells Fargo Home Equity Asset-Backed Securities 2005-1 Trust)