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)
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)
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)