Common use of CREDIT INSURANCE Clause in Contracts

CREDIT INSURANCE. Seller will remit all proceeds it receives on account of credit insurance on the Designated Loans to Purchaser, and Seller will use its best efforts to assign policies of credit insurance associated with the Designated Loans to Purchaser. Purchaser will remit any insurance premiums paid to it in connection with the Designated Loans to the appropriate credit insurance company.

CREDIT INSURANCE. Seller will either remit all claim payments or other proceeds it receives on account of credit insurance on the Designated Loans to PurchaserPurchaser or, and if received prior to the Closing Date, apply such payments or proceeds to the outstanding principal balance of such Loans. Seller will use its best reasonable efforts to assign policies of credit insurance associated with the Designated Loans to Purchaser. Purchaser will remit any insurance premiums paid to it in connection with the Designated Loans to the appropriate credit insurance company.

CREDIT INSURANCE. Seller will remit all proceeds it receives on ---------------- account of credit insurance on the Designated Loans to Purchaser, and Seller will use its best efforts to assign policies of credit insurance associated with the Designated Loans to Purchaser. Purchaser will remit any insurance premiums paid to it in connection with the Designated Loans to the appropriate credit insurance company.

CREDIT INSURANCE. Seller will remit all proceeds it receives on account of credit insurance on the Designated Loans to Purchaser, and Seller will use its best efforts to assign policies of credit insurance associated with the Designated Loans to Purchaser. Purchaser will remit any insurance premiums paid to it in connection with the Designated Loans to the appropriate credit insurance company.