Common use of Transfer to Avoid Termination Event Clause in Contracts

Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and (ii) by deleting the words “to transfer” and inserting the words “to effect a Permitted Transfer” in lieu thereof.

Appears in 38 contracts

Samples: Master Agreement (CNH Capital Receivables LLC), Master Agreement (CNH Capital Receivables LLC), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc2)

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Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) deleting the words "or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party," and (ii) by deleting the words "to transfer" and inserting the words "to effect a Permitted Transfer" in lieu thereof.

Appears in 22 contracts

Samples: Isda 1992 Master Agreement (ML-CFC Commercial Mortgage Trust 2006-4), Isda 1992 Master Agreement (ML-CFC Commercial Mortgage Trust 2006-4), Master Agreement (Alternative Loan Trust 2006-Oc10)

Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and (ii) by deleting the words “to transfer” last paragraph thereof and inserting the words “to effect a Permitted Transfer” following in lieu thereof.: “Notwithstanding anything to the contrary in Section 7 (as amended herein) and Part 5(f), any transfer by Party A under this Section 6(b)(ii) shall not require the consent of Party B for such transfer if the following conditions are satisfied:

Appears in 18 contracts

Samples: Pooling and Servicing Agreement (Bear Stearns Mortgage Funding Trust 2007-Sl2), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc3), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-2)

Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) deleting the words "or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and (ii) by deleting the words “to transfer” and inserting the words “to effect a Permitted Transfer” in lieu thereof."

Appears in 10 contracts

Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Wm4), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Wm3), Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC Trust 2006-Fr4)

Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and (ii) by deleting the words “to transfer” and inserting the words “to effect a Permitted Transfer” in lieu thereof.

Appears in 4 contracts

Samples: Master Agreement (CWABS Asset-Backed Certificates Trust 2007-9), Isda Master Agreement (Alternative Loan Trust 2007-Hy8c), Master Agreement (CWABS Asset-Backed Certificates Trust 2007-11)

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Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) by deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and the words “, which consent will not be withheld if such other party’s policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed” and (ii) by deleting the words “to transfer” and inserting the words “to effect a Permitted Transfer” in lieu thereof.

Appears in 4 contracts

Samples: Master Agreement (CWABS Asset-Backed Certificates Trust 2007-13), Pooling and Servicing Agreement (Soundview Home Loan Trust 2007-Opt3), Isda 1992 Master Agreement (Harley-Davidson Motorcycle Trust 2008-1)

Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) by deleting the words “or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party,” and the words “, which consent will not be withheld if such other party’s policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed”and (ii) by deleting the words “to transfer” and inserting the words “to effect a Permitted Transfer” in lieu thereof.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Nomura Asset Acceptance Corporation, Alternative Loan Trust, Series 2007-3), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Amc4), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Wfhe3)

Transfer to Avoid Termination Event. Section 6(b)(ii) is hereby amended by (i) by deleting the words "or if a Tax Event Upon Merger occurs and the Burdened Party is the Affected Party," and the words ", which consent will not be withheld if such other party's policies in effect at such time would permit it to enter into transactions with the transferee on the terms proposed" and (ii) by deleting the words "to transfer" and inserting the words "to effect a Permitted Transfer" in lieu thereof.

Appears in 1 contract

Samples: Master Agreement (ABFC 2007-Wmc1 Trust)

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