Condition Precedent. The condition precedent in Section 2(a)(iii)(1) does not apply to a payment and delivery owing by a party if the other party shall have satisfied in full all its payment or delivery obligations under Section 2(a)(i) and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 38 contracts
Samples: Master Agreement (Long Beach Mortgage Loan Trust 2006-Wl1), Master Agreement (Accredited Mortgage Loan Trust 2005-1), Pooling and Servicing Agreement (GSAMP Trust 2006-He3)
Condition Precedent. The condition precedent specified in Section 2(a)(iii)(1) of this Agreement does not apply to a payment and or delivery owing by a party if the other party shall have satisfied in full all of its payment or and delivery obligations under Section 2(a)(i) of this Agreement and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 7 contracts
Samples: Master Agreement (NovaStar Mortgage Funding Trust, Series 2006-1), Master Agreement (Novastar Mortgage Funding Trust, Series 2007-1), Master Agreement (NovaStar Certificates Financing CORP)
Condition Precedent. The condition precedent specified in Section 2(a)(iii)(1) of this Agreement does not apply to a payment and or delivery owing by a party if the other party shall have satisfied in full all its payment or and delivery obligations under Section 2(a)(i) of this Agreement and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2001-Ar4), Pooling and Servicing Agreement (Wamu Mortgage Pass Thru Certificate Series 2001-Ar6), Pooling and Servicing Agreement (Wamu Mor Pass Thru Cert Ser 2001-Ar1)
Condition Precedent. The condition precedent in Section 2(a)(iii)(12(a)(iii)(I) does not apply to a payment and delivery owing by a party if the other party shall have satisfied in full all its payment or delivery obligations under Section 2(a)(i) and shall at the relevant time have no future payment or delivery obligations, whether absolute or contingent, under Section 2(a)(i).
Appears in 1 contract
