Common use of Credit Support Default Clause in Contracts

Credit Support Default. Subparagraph (3) of Section 5(a)(iii) is hereby amended by adding in the second line thereof after the word "Document" and before the semicolon the words "(or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf)."

Appears in 36 contracts

Sources: Isda Master Agreement (GSAA Home Equity Trust 2006-2), Isda Master Agreement (GSAA Home Equity Trust 2006-16), Pooling and Servicing Agreement (FFMLT 2006-Ff6)

Credit Support Default. Subparagraph (3) of Section 5(a)(iii) is hereby amended by adding in the second line thereof after the word "Document" and before the semicolon the words "(or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf)."

Appears in 2 contracts

Sources: Isda Master Agreement (Accredited Mortgage Loan Trust 2005-1), Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-Wl1)

Credit Support Default. Subparagraph (3) of Section 5(a)(iii) is hereby amended by adding in the second line thereof after the word "Document" and before the semicolon the words "(or such action is taken by any person or entity appointed or empowered to operate it or act on its behalf)."

Appears in 1 contract

Sources: Master Agreement (Commercial Metals Co)