Certain Rights of the Certificate Insurer. By accepting its Certificate, each Holder of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Class A Certificateholders (except as provided in Section 11.01), including but not limited to the following rights, without any consent of the Holders of Offered Certificates:
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (New Century Mort Sec Inc Home Equity Loan Trust Ser 1999 NCD), Pooling and Servicing Agreement (Financial Asset Securities Corp), Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 1999-NCB)
Certain Rights of the Certificate Insurer. By accepting its Certificate, each Holder of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Class A Certificateholders (except as provided in Section 11.0112.01), including but not limited to the following rights, without any consent of the Holders of Offered Certificates:
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (New Century Mort Sec Inc New Cent Hm Eq Ln Tr Ser 2000-Nca), Pooling and Servicing Agreement (New Century Home Eq Ln Tr Ser 2000 NCB Asset Back Ps THR Cer)
Certain Rights of the Certificate Insurer. By accepting its Certificate, each Holder of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Class A Certificateholders Holders of the Offered Certificates (except as provided in Section 11.01), including but not limited to the following rights, without any consent of the Holders of Offered Certificates:
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Prudential Securities Secured Financing Corp)
