Distribution Priorities. For the avoidance of doubt, the parties hereby acknowledge and agree that notwithstanding the occurrence of a First Trigger Failure Condition or a Second Trigger Failure Condition, this Agreement and each Transaction hereunder shall continue to qualify as a Swap Agreement for purposes of the distribution priorities in Article IV of the PSA.
Appears in 5 contracts
Samples: Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He1), Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He2), Master Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oci)
Distribution Priorities. For the avoidance of doubt, the parties hereby acknowledge and agree that notwithstanding the occurrence of a First Trigger Failure Condition or a Second Trigger Failure Condition, this Agreement and each Transaction hereunder shall continue to qualify as a Swap Agreement for purposes of the distribution priorities in Article IV of the PSA.
Appears in 1 contract
Samples: Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He5)
