Common use of Use of Posted Collateral Clause in Contracts

Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply to Party B, and Party B shall not have any right to use Posted Collateral or take any action specified in such Paragraph 6(c).

Appears in 15 contracts

Sources: Isda Master Agreement (Residential Asset Securitization Trust 2007-A5), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc1), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt1)

Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply to Party B, and Party B shall not have any right to use Posted Collateral or take any action specified in such Paragraph 6(c). (h) Distributions and Interest Amount.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-1)

Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply to Party B, and Party B shall not have any right to use Posted Collateral or take any action specified in such Paragraph 6(c).

Appears in 1 contract

Sources: Novation Agreement

Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply to Party B, and Party B shall not have any right to use Posted Collateral or take any action specified in such Paragraph 6(c); provided, however, that is Posted Collateral in book-entry form is delivered, Party B or its Custodian shall have the rights specified in Paragraph 6(c)(ii).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2007-Ac3)

Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply to Party B, and Party B shall not have any right to use Posted Collateral or take any action specified in such Paragraph 6(c); provided however that if Posted Collatera book-entry form is delivered, Party B or its Custodian shall have the rights specified in 6(c) (ii).

Appears in 1 contract

Sources: Pooling and Servicing Agreement (ACE Securities Corp. Home Equity Loan Trust, Series 2007-He2)

Use of Posted Collateral. The provisions of Paragraph 6(c) will not apply with respect to the collateral posted by Party B, and Party B shall not have any right to use Posted Collateral or take any action specified in such Paragraph 6(c).A.

Appears in 1 contract

Sources: Isda Master Agreement (Alternative Loan Trust 2006-Oc10)