CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. Rights of the Certificate Insurer to Exercise Rights of Insured Certificateholders. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01.Rights of the Certificate Insurer to Exercise Rights of Insured Certificateholders..................................................-58- Section 12.02.Claims Upox xxx Xxxxxxicate Policy; Certificate Insurance Account...-58- Section 12.03.Effect of Payments by the Certificate Insurer; Subrogation..........-59- Section 12.04.Notices and Information to the Certificate Insurer..................-60- Section 12.05.Trustee to Hold Certificate Policy..................................-60- Section 12.06.Ratings.............................................................-60- Section 12.07.Third Party Beneficiaries...........................................-60- EXHIBITS
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Rights of the Certificate Insurer To Exercise Rights of Class A Certificateholders...................................
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Exercise of Rights of Holder of the Class A-1 Certificates..................159 SECTION 12.02. Trustee to Act Solely with Consent of Certificate Insurer...................
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01.Rights of the Certificate Insurer to Exercise Rights of Insured Certificateholders...................................................
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Trust Estate and Accounts Held for Benefit of the Certificate Insurer............................150 Section 12.02. Claims Upon the Policy; Policy Payments Account..................................................150 Section 12.03. Effect of Payments by the Certificate Insurer; Subrogation.......................................151 Section 12.04. Notices to the Certificate Insurer...............................................................152 Section 12.05. Third-Party Beneficiary..........................................................................152 Section 12.06. Rights to the Certificate Insurer To Exercise Rights of Owners...................................152 SCHEDULE I-A SCHEDULE OF THE GROUP I HOME EQUITY LOANS SCHEDULE I-B SCHEDULE OF THE GROUP II HOME EQUITY LOANS EXHIBIT A-1 FORM OF CLASS A-1 CERTIFICATE EXHIBIT A-2 FORM OF CLASS A-2 CERTIFICATE EXHIBIT A-3 FORM OF CLASS A-3 CERTIFICATE EXHIBIT B FORM OF X-IO CERTIFICATE EXHIBIT C FORM OF CLASS R CERTIFICATE EXHIBIT D FORM OF SUBSEQUENT TRANSFER AGREEMENT EXHIBIT E FORM OF CERTIFICATE RE: HOME EQUITY LOANS PREPAID IN FULL AFTER CUT-OFF DATE EXHIBIT F-1 FORM OF TRUSTEE'S RECEIPT EXHIBIT F-2 FORM OF CUSTODIAN'S RECEIPT EXHIBIT G FORM OF POOL CERTIFICATION EXHIBIT H FORM OF DELIVERY ORDER EXHIBIT I FORM OF CLASS R TAX MATTERS TRANSFER CERTIFICATE EXHIBIT J-1 FORM OF CERTIFICATE REGARDING TRANSFER (ACCREDITED INVESTOR) EXHIBIT J-2 FORM OF CERTIFICATE OF TRANSFER (RULE 144A) EXHIBIT K HOME EQUITY LOANS WITH DOCUMENT EXCEPTIONS EXHIBIT L DEFINITION OF GROUP II SPECIFIED SUBORDINATED AMOUNT EXHIBIT M DEFINITION OF GROUP I SPECIFIED SUBORDINATED AMOUNT EXHIBIT N FORM OF LETTER REGARDING REPORTING OBLIGATIONS UNDER THE SECURITIES EXCHANGE ACT OF 1934 POOLING AND SERVICING AGREEMENT, relating to CENTEX HOME EQUITY LOAN TRUST 1999-3, dated as of August 1, 1999 by and among CHEC ASSET RECEIVABLE CORPORATION, a Nevada corporation, in its capacity as the depositor (the "Depositor"), CENTEX CREDIT CORPORATION d/b/a CENTEX HOME EQUITY CORPORATION, a Nevada corporation in its capacities as the seller (in such capacity, the "Seller") and as the servicer (in such capacity, the "Servicer") and NORWEST BANK MINNESOTA, NATIONAL ASSOCIATION, a national banking association, in its capacity as the trustee (the "Trustee").
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 13.1. Rights of the Certificate Insurer to Exercise Rights of the Owners of the Class A Certificates. By accepting its Certificate, each Owner of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall be deemed to be the Class A Certificateholders for all purposes (other than with respect to payment on the Class A Certificates) and will be entitled to exercise all rights of the Class A Certificateholders under this Agreement. In addition, each Owner of a Class A Certificate agrees that, unless a Certificate Insurer Default exists, the rights specifically set forth above may be exercised by the Owners of Class A Certificates only with the prior written consent of the Certificate Insurer.
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. Rights of the Certificate Insurer to Exercise Rights of Holders of Class A-1-W and Class A-3-W Certificates. By accepting its Certificate, each Holder of a Class A-1-W and Class A-3-W Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Holders of the Class A-1- W and Class A-3-W Certificates under this Agreement without any further consent of the Holders of the Class A-1-W and Class A-3-W Certificates.
Section 12.02. [Reserved]
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. SECTION 14.01 Exercise of Rights of Holder of the Insured Certificates. Each of the Depositor, the Master Servicer, the Trust Administrator and the Trustee, and, by accepting its Insured Certificate, each Holder of an Insured Certificate, agrees that unless a Certificate Insurer Default has occurred and is continuing, the Certificate Insurer shall have the right to exercise all rights of the Holders of the Insured Certificates under this Agreement without any further consent of the Holders of the Insured Certificates, including, without limitation: (i) the right to direct foreclosures upon Mortgage Loans upon failure of the Servicer to do so; (ii) the right to require the Seller to repurchase or substitute for Loans pursuant to Section 2.03; (iii) the right to give notices of breach or to terminate the rights and obligations of the Master Servicer pursuant to Section 8.01; (iv) the right to direct the actions of the Trustee during the continuance of an Event of Default pursuant to Section 8.01; (v) the right to consent to or direct any waivers of Events of Default pursuant to Section 8.04; (vi) the right to direct the Trustee to investigate certain matters pursuant to Section 9.02(a)(v); and (vii) the right to remove the Trustee and the Trust Administrator pursuant to Sections 9.07 and 10.07 hereof, respectively. In addition, each Holder of an Insured Certificate agrees that, unless a Certificate Insurer Default has occurred and is continuing, the rights specifically set forth above may be exercised by the Holder of an Insured Certificate only with the prior written consent of the Certificate Insurer.
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Trust Estate and Accounts Held for Benefit of the Certificate Insurer.........146 Section 12.02 Claims Upon the Policy; Policy Payments Account...............................146
