Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. No TFC Party may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.
Appears in 1 contract
Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. No TFC Party None of the Issuer, TFC, TFCRC VI, the Servicer, the Back-up Servicer or the Successor Servicer may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the InsurerRadian. Any assignment made in violation of this Insurance Agreement shall be null and void.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. No TFC Party None of the Issuer, TFC, TFCRC III, the Servicer, the Back-up Servicer or the Successor Servicer may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the InsurerFinancial Security. Any assignment made in violation of this Insurance Agreement shall be null and void.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. No TFC Party None of the Issuer, TFC, TFCRC IV, the Servicer, the Back-up Servicer or the Successor Servicer may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the InsurerAGIC. Any assignment made in violation of this Insurance Agreement shall be null and void.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)
Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. No TFC Party None of the Universal Parties or the Issuer may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Universal Compression Inc)
Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. No TFC Party None of the Issuer, TFC, TFCRC V, the Servicer, the Backup Servicer or the Successor Servicer may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the InsurerRadian. Any assignment made in violation of this Insurance Agreement shall be null and void.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (TFC Enterprises Inc)