Maintenance of the Interest Rate Swap Agreement. As long as the Class A-2, the Class A-3B Notes and the Class A-4B Notes are Outstanding, the Master Servicer shall cause the Trust to maintain in effect an interest rate swap agreement acceptable to the Insurer with respect to each of the Class A-2, the Class A-3B Notes and the Class A-4B Notes; provided, that, the issuance of the Note Policy on the Closing Date shall demonstrate the Insurer's approval of the Interest Rate Swap Agreement. ARTICLE FIVE
Appears in 1 contract
Sources: Sale and Servicing Agreement (WFS Receivables Corp)
Maintenance of the Interest Rate Swap Agreement. As long as the Class A-2, the Class A-3B Notes and the Class A-4B Notes are Outstanding, the Master Servicer shall cause the Trust to maintain in effect an interest rate swap agreement acceptable to the Insurer with respect to each of the Class A-2, the Class A-3B Notes and the Class A-4B Notes; provided, that, the issuance of the Note Policy on the Closing Date shall demonstrate conclusively evidence the Insurer's approval of the Interest Rate Swap Agreement. ARTICLE FIVE.
Appears in 1 contract
Sources: Sale and Servicing Agreement (WFS Receivables Corp 2)