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

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Closing Date 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 Noteholders under the Transaction Documents and under the Notes have been paid in full; PROVIDED, HOWEVER, that the provisions of Sections 3.02, 3.03, 3.04, 3.05, 3.06 and 4.03 hereof shall survive any termination of this Agreement.

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Closing Date 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 Policies and the Note Policy Policies shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security Security, the Noteholders, and the Noteholders Certificateholders under the Transaction Documents and under the Notes and the Certificates have been paid in full; PROVIDED, HOWEVER, that the provisions of Sections 3.02, 3.03, 3.04, 3.05, 3.06 and 4.03 hereof shall survive any termination of this Agreement.

EFFECTIVE DATE; TERM OF AGREEMENT. This Agreement shall take effect on the Closing Date 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 Policies and the Note Policy Policies shall have been surrendered to Financial Security for cancellation and (b) all amounts payable to Financial Security Security, the Noteholders, and the Noteholders Certificateholders under the Transaction Documents and under the Notes and the Certificates have been paid in full; PROVIDED, HOWEVER, that the 55 provisions of Sections 3.02, 3.03, 3.04, 3.05, 3.06 and 4.03 hereof shall survive any termination of this Agreement.