Common use of Securitization Unwind Clause in Contracts

Securitization Unwind. Notice has been given by the Terminator of its intention to terminate the Trust pursuant to Section 9.01(b) of the PSA; provided that the Early Termination Date may not be earlier than the date on which the Certificates will be retired pursuant to Section 9.01(a) of the PSA.

Appears in 4 contracts

Sources: Isda Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2006-He5), Isda Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He2), Isda Master Agreement (Washington Mutual Asset-Backed Certificates, WMABS Series 2007-He1)

Securitization Unwind. Notice has been given by the Terminator Servicer of its intention to terminate the Trust pursuant to Section 9.01(b) of the PSA; provided that the Early Termination Date may not be earlier than the date on which the Certificates will be retired pursuant to Section 9.01(a) of the PSA.

Appears in 2 contracts

Sources: 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)