Common use of EFFECTIVE DATE; TERM OF AGREEMENT Clause in Contracts

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder under the Transaction Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.2, 3.3 and 3.5 hereof shall survive any termination of this Agreement.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Americredit Automobile Receivables Trust 2005-C-F), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-D-F), Insurance and Indemnity Agreement (AFS Funding Trust)

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EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder Noteholders under the Transaction Documents and under the Securities have been paid in full; providedPROVIDED, howeverHOWEVER, that the provisions of Sections 3.23.02, 3.3 3.03 and 3.5 3.04 hereof shall survive any termination of this Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Arcadia Financial LTD), Insurance and Indemnity Agreement (Olympic Financial LTD)

EFFECTIVE DATE; TERM OF AGREEMENT. This Insurance Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder holders of the Securities under the Transaction Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.23.02, 3.3 3.03, 3.04 and 3.5 4.02 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (National Auto Finance Co Inc), Insurance and Indemnity Agreement (National Auto Finance Co Inc)

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the any Policy and all of the Policy Policies shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder under the Transaction Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.2, 3.3 and 3.5 hereof shall survive any termination of this Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (AFS SenSub Corp.), Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2007-D-F)

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder Certificateholders under the Transaction Related Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.2, 3.3 and 3.5 Section 3.04 hereof shall survive any termination of this Agreement.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Aames Capital Corp), Pooling and Servicing Agreement (Aames Capital Corp)

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder Certificateholders under the Transaction Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.23.02, 3.3 3.03 and 3.5 3.04 hereof shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (National Auto Finance Co Inc)

EFFECTIVE DATE; TERM OF AGREEMENT. This Insurance Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Note Policy and the Note Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder holders of the Securities under the Transaction Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.23.02, 3.3 3.03, 3.04 and 3.5 4.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Financial Pacific Co)

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EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder Certificateholders under the Transaction Related Documents and under the Securities have been paid in full; providedPROVIDED, howeverHOWEVER, that the provisions of Sections 3.2, 3.3 and 3.5 Section 3.04 hereof shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aames Mortgage Trust 2000-2)

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the any Notes Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder under the Transaction Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.2, 3.3 and 3.5 hereof shall survive any termination of this Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2008-a-F)

EFFECTIVE DATE; TERM OF AGREEMENT. This Insurance Agreement shall take effect on the Date of Issuance and shall remain in effect until the later of (a) such time as Financial Security is no longer subject to a claim under the Policy and the Policy shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security and the Certificateholder Certificateholders under the Transaction Documents and under the Securities have been paid in full; provided, however, that the provisions of Sections 3.23.02, 3.3 3.03 and 3.5 3.04 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (National Auto Finance Co Inc)

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