▇▇▇▇▇’▇ First Rating Trigger Collateral. Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Document and either (A) the ▇▇▇▇▇’▇ Second Rating Trigger Requirements do not apply or (B) less than 30 Local Business Days have elapsed since the last time the ▇▇▇▇▇’▇ Second Rating Trigger Requirements (as defined below) did not apply.
Appears in 10 contracts
Sources: Isda Master Agreement (PHH Alternative Mortgage Trust, Series 2007-3), Isda Master Agreement (Lehman XS Trust Series 2007-16n), Isda Master Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-1)
▇▇▇▇▇’▇ First Rating Trigger Collateral. Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Document Annex entered into between Party A and Party B in relation to this Agreement and either (Ax) the ▇▇▇▇▇’▇ Second Rating Trigger Requirements do not apply or (By) less than 30 Local Business Days have elapsed since the last time the ▇▇▇▇▇’▇ Second Rating Trigger Requirements (as defined below) did not apply.
Appears in 8 contracts
Sources: Master Agreement (GE Capital Credit Card Master Note Trust), Master Agreement (RFS Holding LLC), Master Agreement (GE Capital Credit Card Master Note Trust)
▇▇▇▇▇’▇ First Rating Trigger Collateral. Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Document Annex to this Schedule and either (A1) the ▇▇▇▇▇’'▇ Second Rating Trigger Requirements do not apply or (B2) less than 30 Local Business Days have elapsed since the last time the ▇▇▇▇▇’'▇ Second Rating Trigger Requirements (as defined below) did not apply.
Appears in 2 contracts
Sources: Amendment and Restatement Agreement, Amendment and Restatement Agreement
▇▇▇▇▇’▇ First Rating Trigger Collateral. The ▇▇▇▇▇’▇ First Rating Trigger Requirements apply and Party A has failed to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Document Annex and either (Ax) the ▇▇▇▇▇’▇ Second Rating Trigger Requirements do not apply or (By) less than 30 Local Business Days have elapsed since the last time the ▇▇▇▇▇’▇ Second Rating Trigger Requirements (as defined below) did not apply.
Appears in 1 contract
Sources: Master Agreement (Capital One Auto Finance Trust 2007-C)