Common use of Claims Under Policy Clause in Contracts

Claims Under Policy. The Notes will be insured by the Policy pursuant to the terms set forth therein, notwithstanding any provisions to the contrary contained in this Indenture or the Sale and Servicing Agreement. All amounts received under the Policy shall be used solely for the payment to Noteholders of principal and interest on the Notes.

Claims Under Policy. The Notes and the Certificates will be insured by the Policy pursuant to the terms set forth therein, notwithstanding any provisions to the contrary contained in this Indenture or the Sale and Servicing Agreement. All amounts received under the Policy shall be used solely for the payment to Noteholders Securityholders of principal and interest on the NotesNotes and the Certificates.

Claims Under Policy. The Notes will be insured by the Policy pursuant to the terms set forth therein, notwithstanding any provisions to the contrary contained in this Indenture or the Sale and Servicing Agreement. All amounts received under the Policy shall be used solely for the payment to the Servicer and, if applicable, the Backup Servicer, of the Servicing Fee, to the Indenture Trustee, the Owner Trustee and the Trust Agent of fees due (which amounts do not include expenses) and to Noteholders of principal and interest on the Notes.

Claims Under Policy. The Notes will be insured by the Policy pursuant to the terms set forth therein, notwithstanding any provisions to the contrary contained in this Indenture or the Sale and Servicing Agreement. All amounts received under the Policy shall be used solely for the payment to the Servicer of the Servicing Fee, to the Indenture Trustee, the Owner Trustee and the Trust Agent of fees due (which amounts do not include expenses) and to Noteholders of principal and interest on the Notes.

Claims Under Policy. The Notes will be insured by the Policy pursuant to the terms set forth therein, notwithstanding any provisions to the contrary contained in this Indenture or the Sale and Servicing Agreement. All amounts received under the Policy shall be used solely for the payment to the Servicer and, if applicable, the Back-up Servicer, the Servicing Fee, to the Indenture Trustee, the Owner Trustee and the Trust Agent their fees due (which amounts do not include expenses) and to Noteholders of principal and interest on the Notes.