Common use of Assessment and Understanding Clause in Contracts

Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction. It has determined to its satisfaction whether or not the rates, prices or amounts and other economic terms of each Transaction and the indicative quotations (if any) provided by the other party reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arm’s length negotiations between the parties.

Appears in 13 contracts

Samples: Master Agreement (Thornburg Mortgage Securities Trust 2007-2), Master Agreement (Thornburg Mortgage Securities Trust 2006-6), Master Agreement (NovaStar Mortgage Funding Trust, Series 2006-1)

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Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction. It has determined to its satisfaction whether or not the rates, prices or amounts and other economic terms of each Transaction and the indicative quotations (if any) provided by the other party reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arm’s 's length negotiations between the parties.

Appears in 6 contracts

Samples: Master Agreement (Thornburg 2006-2), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar2), Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar4)

Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that the Transaction. It is also capable of assuming, and assumes, the risks of that the Transaction. It has determined to its satisfaction whether or not the rates, prices or amounts and other economic terms of each the Transaction and the indicative quotations (if any) provided by the other party reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arm’s 's length negotiations between the parties.

Appears in 5 contracts

Samples: Master Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Letter Agreement (Ikon Receivables LLC)

Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transactionthe Transactions. It is also capable of assuming, and assumes, the risks of that Transactionthe Transactions. It has determined to its satisfaction whether or not the rates, prices or amounts and other economic terms of each Transaction the Transactions and the indicative quotations (if any) provided by the other party reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arm’s 's length negotiations between the parties.

Appears in 2 contracts

Samples: Master Agreement (Cit Equipment Collateral 2003-Ef1), Master Agreement (Cit Equipment Collateral 2003-Vt1)

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Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that Transaction. It is also capable of assuming, and assumes, the risks of that Transaction. It has determined to its satisfaction whether or not the rates, prices or amounts and other other, economic terms of each Transaction and the indicative quotations (if any) provided by the other party reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arm’s length negotiations between the parties.

Appears in 1 contract

Samples: Master Agreement (Thornburg Mortgage Securities Trust 2006-3)

Assessment and Understanding. It is capable of assessing the merits of and understanding (on its own behalf or through independent professional advice), and understands and accepts, the terms, conditions and risks of that the Sole Transaction. It is also capable of assuming, and assumes, the risks of that the Sole Transaction. It has determined to its satisfaction whether or not the rates, prices or amounts and other economic terms of each the Sole Transaction and the indicative quotations (if any) provided by the other party reflect those in the relevant market for similar transactions, and all trading decisions have been the result of arm’s 's length negotiations between the parties.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Long Beach Securities Corp Asset Backed Cert Ser 2002 2)

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