Common use of Applicable Clause in Contracts

Applicable. (f) The following shall each be specified as "Additional Termination Events" pursuant to Section 5(b)(v): Partial Unwind. The exercise of a partial unwind of the Underlying Securities by a Certificateholder in accordance with Section 7 of the Series Supplement, in which case, (1) a portion of the Notional Amount of the Transactions equal to the related Partial Unwind Amount shall be terminated and (2) the Early Termination Date with respect to such portion of the Notional Amount of the Transactions shall be the related Partial Unwind Date. For the purposes the foregoing Additional Termination Event, Party A shall be the Affected Party.

Appears in 4 contracts

Samples: Master Agreement (Lehman Abs Corp Repac Ge Glob Ins FLT Rt Tr Cert Ser 2002-1), Master Agreement (Lehman Abs Corp Repack Amer Gen Float Rt Tr Certs Ser 2003-1), Master Agreement (Lehman Abs Corp Repack Amer Gen Float Rt Tr Certs Ser 2003-1)

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