Transfer Timing. (A) Paragraph 4(b) shall be deleted and replaced in its entirety by the following paragraph: "Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter; if a demand is made after the Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter." (B) Paragraph 6(d)(1) shall be amended so that the reference therein to "the following Local Business Day" shall be replaced by reference to "the second Local Business Day thereafter".
Appears in 19 contracts
Sources: Credit Support Annex (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar1), Credit Support Annex (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa3 /DE), Credit Support Annex (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2)
Transfer Timing. (Aa) Paragraph 4(b) shall be deleted and replaced in its entirety by the following paragraph: "Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter; if a demand is made after the Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter."
(Bb) Paragraph 6(d)(1) shall be amended so that the reference therein to "the following Local Business Day" shall be replaced by reference to "the second Local Business Day thereafter".
Appears in 13 contracts
Sources: Isda Master Agreement (Aegis Asset Backed Securities Trust 2005-3), Credit Support Annex (TBW Mortgage-Backed Trust Series 2007-2), Pooling and Servicing Agreement (Citicorp Mortgage Securities Inc)
Transfer Timing. (Aa) Paragraph 4(b) shall be deleted and replaced in its entirety by the following paragraph: "“Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter; if a demand is made after the Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter."”
(Bb) Paragraph 6(d)(1) shall be amended so that the reference therein to "“the following Local Business Day" ” shall be replaced by reference to "“the second Local Business Day thereafter"”.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2005-Wl3), Isda Master Agreement (Accredited Mortgage Loan Trust 2005-2)
Transfer Timing. (A) Paragraph 4(b) shall be deleted and replaced in its entirety by the following paragraph: "“Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter; if a demand is made after the Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter."”
(B) Paragraph 6(d)(1) shall be amended so that the reference therein to "“the following Local Business Day" ” shall be replaced by reference to "“the second Local Business Day thereafter"”.
Appears in 2 contracts
Sources: Credit Support Annex, Credit Support Annex (SG Mortgage Securities Trust 2006-Opt2)
Transfer Timing. (Aa) Paragraph 4(b) shall be deleted and replaced in its entirety by the following paragraph: "Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter; if a demand is made after the Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter."
(Bb) Paragraph 6(d)(16(d)(i) shall be amended so that the reference therein to "the following Local Business Day" shall be replaced by reference to "the second Local Business Day thereafter".
Appears in 1 contract
Sources: Credit Support Annex (Cephalon Inc)
Transfer Timing. (Aa) Paragraph 4(b) shall be deleted and replaced in its entirety by the following paragraph: "Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter; if a demand is made after the Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter."
(Bb) Paragraph 6(d)(1) shall be amended so that the reference therein to "the following Local Business Day" shall be replaced by reference to "the second Local Business Day thereafter".
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Park Place Securities, Inc. Series 2005-Wcw1)
Transfer Timing. (A) Paragraph 4(b) shall be deleted and replaced in its entirety by the following paragraph: "Subject to Paragraphs 4(a) and 5 and unless otherwise specified, if a demand for the Transfer of Eligible Credit Support or Posted Credit Support is made by the Notification Time, then the relevant Transfer will be made not later than the close of business on the second Local Business Day thereafter; if a demand is made after the Notification Time then the relevant Transfer will be made not later than the close of business on the third Local Business Day thereafter."if
(B) Paragraph 6(d)(1) shall be amended so that the reference therein to "the following Local Business Day" shall be replaced by reference to "the second Local Business Day thereafter".
Appears in 1 contract