Contingent and Excess Liability Insurance Policies. So long as any Securities are outstanding, the Servicer shall maintain and pay when due all premiums with respect to the Contingent and Excess Liability Insurance Policies unless the termination or other modification of any Contingent and Excess Liability Insurance Policy will not reduce the Servicer’s insurance coverage below the $5 million minimum and the Rating Agency Condition is satisfied with respect to such termination or other modification. The Servicer shall maintain such Contingent and Excess Liability Insurance Policies that provide insurance coverage of at least $5 million per accident and permit multiple claims in any policy period. The obligations set forth in this Section 2.9 shall survive any termination of the Servicer hereunder.
Contingent and Excess Liability Insurance Policies. So long as any Securities are outstanding, the Servicer shall maintain and pay when due all premiums with respect to the Contingent and Excess Liability Insurance Policies unless termination of any Contingent and Excess Liability Policy will not reduce the Servicer’s insurance coverage below the $10 million minimum and the Rating Agency Condition is satisfied with respect to such termination. The Servicer shall maintain such Contingent and Excess Liability Insurance Policies that provide insurance coverage of at least $10 million per accident and permit multiple claims in any policy period.
Contingent and Excess Liability Insurance Policies. So long as any Securities are outstanding, the Administrative Agent shall maintain and pay when due all premiums with respect to, and the Administrative Agent may not terminate or cause the termination of, the Contingent and Excess Liability Insurance Policies unless (i) a replacement Insurance Policy is obtained that provides coverage against third party claims that may be raised against the Trust or the Trustee on behalf of the Trust with respect to any 1999-A Vehicle in an amount at least equal to $10 million per claim (which Insurance Policy may be a blanket Insurance Policy covering the Administrative Agent and one or more of its Affiliates) and (ii) in the case of Rated Securities, each Rating Agency has delivered a letter to the holders of the Rated Securities to the effect that such termination or any replacement insurance would not result in a Rating Event. The obligations of the Administrative Agent pursuant to this Section shall survive any termination of the Administrative Agent's other obligations under the Administration Agreement until such time as claims can no longer be brought that would be covered by such Insurance Policies, whether as a result of the expiration of relevant statutes of limitations or otherwise.
Contingent and Excess Liability Insurance Policies. ..14 Section 11.10. Reporting by the Administrative Agent; Delivery of Certain Documentation.......................................14 Section 11.11.
Contingent and Excess Liability Insurance Policies. So long as any Securities are outstanding, the Servicer shall maintain and pay when due all premiums with respect to the Contingent and Excess Liability Insurance Policies unless each Rating Agency has confirmed in writing that termination would not result in a Rating Event.
