Common use of Right to Terminate Following Termination Event Clause in Contracts

Right to Terminate Following Termination Event. Section 6(b)(ii) of this Agreement is amended by deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party”.

Appears in 5 contracts

Sources: Isda Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He5), Isda Master Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oci), Isda Master Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Oc2)

Right to Terminate Following Termination Event. Section 6(b)(ii) of this Agreement is amended by deleting the words "or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party".

Appears in 1 contract

Sources: Isda Master Agreement (Long Beach Mortgage Loan Trust 2006-11)