Consent of the Certificate Insurer. In the event that the consent of the Certificate Insurer is required under any of the Operative Documents, the determination whether to grant or withhold such consent shall be made by the Certificate Insurer in its sole and absolute discretion without any implied duty towards any other Person, except as otherwise expressly provided therein, and such consent is only effective when and if given by the Certificate Insurer in writing.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D), Insurance and Indemnity Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B)
Consent of the Certificate Insurer. In the event that the consent of the Certificate Insurer is required under this Insurance Agreement, the Policy or any of the other Operative Documents, the determination whether to grant or withhold such consent shall be made by the Certificate Insurer in its sole and absolute discretion without any implied duty towards any other Person, except as otherwise expressly provided therein, and such consent is shall be effective only effective when and if given by the Certificate Insurer in writing.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (American Business Financial Services Inc /De/)
Consent of the Certificate Insurer. In the event that the consent of the Certificate Insurer is required under any of the Operative Documents, the determination whether to grant or withhold such consent shall be made by the Certificate Insurer in its sole and absolute discretion without any implied duty towards any other Person, except as otherwise expressly provided therein, and such consent is only effective when and if given by the Certificate Insurer in writing.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)
