Common use of Collateralization Event Clause in Contracts

Collateralization Event. Party A fails to comply with or perform any obligation to be complied with or performed by Party A in accordance with the Credit Support Annex. With respect to the foregoing Additional Termination Event, Party A shall be the sole Affected Party and all Transactions shall be Affected Transactions.

Appears in 4 contracts

Samples: Master Agreement (WDS Receivables LLC), Master Agreement (WDS Receivables LLC), Master Agreement (CarMax Auto Owner Trust 2008-2)

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