Common use of Swap Disclosure Event Clause in Contracts

Swap Disclosure Event. Upon the occurrence of a Swap Disclosure Event (as defined below), if Party A has not, within 10 days after such Swap Disclosure Event (the “Response Period”) complied with one of the solutions listed below, then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event. It shall be a swap disclosure event (“Swap Disclosure Event”) if at any time after the date hereof Xxxxxxxxxx Securities, LP (“Xxxxxxxxxx Securities”) or Stanwich Asset Acceptance Corporation (“Stanwich”) notifies Party A that in the reasonable discretion of Xxxxxxxxxx Securities or Stanwich acting in good faith, the “aggregate significance percentage” of all derivative instruments (as such term is defined in Item 1115 of Regulation AB (as defined below)) provided by Party A and any of its affiliates to Xxxxxxxxxx Mortgage Loan Trust, Series 2007-FRE1 (the “Significance Percentage”) is 10% or more.

Swap Disclosure Event. Upon the occurrence of a Swap Disclosure Event (as defined below), if Party A has not, within 10 days after such Swap Disclosure Event (the “Response Period”) complied with one of the solutions listed below, then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event. It shall be a swap disclosure event (“Swap Disclosure Event”) if at any time after the date hereof Xxxxxxxxxx Cxxxxxxxxx Securities, LP (“Xxxxxxxxxx Cxxxxxxxxx Securities”) or Stanwich Asset Acceptance Corporation (“Stanwich”) notifies Party A that in the reasonable discretion of Xxxxxxxxxx Cxxxxxxxxx Securities or Stanwich acting in good faith, the “aggregate significance percentage” of all derivative instruments (as such term is defined in Item 1115 of Regulation AB (as defined below)) provided by Party A and any of its affiliates to Xxxxxxxxxx Cxxxxxxxxx Mortgage Loan Trust, Series 2007-FRE1 HE1 (the “Significance Percentage”) is 10% or more.

Swap Disclosure Event. Upon the occurrence of a Swap Disclosure Event (as defined below), if Party A has not, within 10 days after such Swap Disclosure Event (the “Response Period”) complied with one of the solutions listed below, then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event. It shall be a swap disclosure event (“Swap Disclosure Event”) if at any time after the date hereof Xxxxxxxxxx Securities, LP (“Xxxxxxxxxx Securities”) or Stanwich Asset Acceptance Corporation (“Stanwich”) notifies Party A that in the reasonable discretion of Xxxxxxxxxx Securities or Stanwich acting in good faith, the “aggregate significance percentage” of all derivative instruments (as such term is defined in Item 1115 of Regulation AB (as defined below)) provided by Party A and any of its affiliates to Xxxxxxxxxx Mortgage Loan Trust, Series 20072006-FRE1 NC5 (the “Significance Percentage”) is 10% or more.

Swap Disclosure Event. Upon the occurrence of a Swap Disclosure Event (as defined below), if Party A has not, within 10 days after such Swap Disclosure Event (the “"Response Period”") complied with one of the solutions listed below, then an Additional Termination Event shall have occurred with respect to Party A and Party A shall be the sole Affected Party with respect to such Additional Termination Event. It shall be a swap disclosure event (“"Swap Disclosure Event”") if at any time after the date hereof Xxxxxxxxxx Securities, LP (“"Xxxxxxxxxx Securities”") or Stanwich Asset Acceptance Corporation (“"Stanwich”") notifies Party A that in the reasonable discretion of Xxxxxxxxxx Securities or Stanwich acting in good faith, the “"aggregate significance percentage” " of all derivative instruments (as such term is defined in Item 1115 1115(b)(2) of Regulation AB (as defined below)) provided by Party A and any of its affiliates to Xxxxxxxxxx Mortgage Loan Trust, Series 20072006-FRE1 NC4 (the “"Significance Percentage”") is 10% or more.