Common use of Alternative Clause in Contracts

Alternative. The provisions of Paragraph 5 will apply, provided, however, that in the event of a dispute regarding the Value of securities which constitute Eligible Credit Support or Posted Credit Support, Party B may submit mid market quotations from two other recognized dealers in which case the Value of such securities shall be the mean of the two quotations submitted by Party B.

Appears in 5 contracts

Sources: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Opx1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Wfhe2), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc2)

Alternative. The provisions of Paragraph 5 will apply, provided, however, that in the event of a dispute regarding the Value of securities which constitute are Eligible Credit Support or Posted Credit Support, Party B the other party may submit mid market bid quotations from two other recognized dealers in which case case, the Value of such securities shall be the mean of the average between those two quotations submitted by Party B.quotations.

Appears in 2 contracts

Sources: Credit Support Annex (Fcmi Financial Corp Et Al), Credit Support Annex (Fcmi Financial Corp Et Al)

Alternative. The provisions of Paragraph 5 will apply, provided, however, that in the event of a dispute regarding the Value of securities which constitute Eligible Credit Support or Posted Credit Support, the Disputing Party B may submit mid market quotations from two other recognized dealers in which case the Value of such securities shall be the mean of the two quotations submitted by Party B.the Disputing Party.

Appears in 1 contract

Sources: Isda Master Agreement (Harley-Davidson Motorcycle Trust 2008-1)