Common use of CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER Clause in Contracts

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]

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs)

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CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. Rights of the Certificate Insurer to Exercise Rights of Holders of Class A-1A-2-W and Class A-3A-5-W Certificates. By accepting its Certificate, each Holder of a Class A-1A-2-W and Class A-3A-5-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- A-2-W and Class A-3A-5-W Certificates under this Agreement without any further consent of the Holders of the Class A-1A-2-W and Class A-3A-5-W Certificates.. 131 Section 12.02. [Reserved]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs)

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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- 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]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs)

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