Common use of Consent of Insurer Clause in Contracts

Consent of Insurer. In the event that the Insurer’s consent is required under the terms hereof or any term of the Trust Agreement, it is understood and agreed that, except as otherwise provided expressly herein or therein, the determination whether to grant or withhold such consent shall be made solely by the Insurer in its absolute discretion. The Insurer hereby agrees that it will respond to any request for consent in a timely manner, taking into consideration the business of the Depositor.

Appears in 6 contracts

Samples: Insurance Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 28xs), Insurance Agreement (Mortgage Pass-Through Certificates Ser 2003-18xs), Insurance Agreement (Structured Asset Securities Corp Mo Pa Th Ce Ser 2003-25xs)

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Consent of Insurer. In the event that the Insurer’s 's consent is required under the terms hereof or any term of the Trust Agreement, it is understood and agreed that, except as otherwise provided expressly herein or therein, the determination whether to grant or withhold such consent shall be made solely by the Insurer in its absolute discretion. The Insurer hereby agrees that it will respond to any request for consent in a timely manner, taking into consideration the business of the Depositor.

Appears in 4 contracts

Samples: Insurance Agreement (Amortizing Residential Collateral Trust, Series 2004-1), Insurance Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 1999 1), Insurance Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 01 1)

Consent of Insurer. In the event that the Insurer’s 's consent is required under the terms hereof or any term of the Trust AgreementTransaction Documents, it is understood and agreed that, except as otherwise provided expressly herein or therein, the determination whether to grant or withhold such consent shall be made solely by the Insurer in its absolute discretion. The Insurer hereby agrees that it will respond to any request for consent in a timely manner, taking into consideration the business of the Depositor.

Appears in 2 contracts

Samples: Insurance Agreement (Morgan Stanley Mortgage Loan Trust 2006-15xs), Insurance Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs)

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Consent of Insurer. In the event that the Insurer’s 's consent is required under the terms hereof or any term of the Trust Agreement, it is understood and agreed that, except as otherwise provided expressly herein or therein, the determination whether to grant or withhold such consent shall be made solely by the Insurer in its absolute discretion. The Insurer hereby agrees that it will respond to sole discretion without any request for consent in a timely manner, taking into consideration the business of the Depositorimplied duty towards any other Person.

Appears in 1 contract

Samples: Insurance Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 1999-Bc1)

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