Common use of Effective Date; Term of the Insurance Agreement Clause in Contracts

Effective Date; Term of the Insurance 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 the Note Insurer is no longer subject to a claim under the Policies and the Policies shall have been surrendered to the Note Insurer for cancellation and (b) all amounts payable to the Note Insurer by any COAF Company or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been paid in full; provided, however, that the provisions of Sections 3.03 and 3.04 hereof shall survive any termination of this Insurance Agreement.

Appears in 8 contracts

Samples: Insurance Agreement (Capital One Auto Finance Trust 2007-C), Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Finance Trust 2004-A)

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Effective Date; Term of the Insurance 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 the Note Insurer is no longer subject to a claim under the Policies and the Policies shall have been surrendered to the Note Insurer for cancellation and (b) all amounts payable to the Note Insurer by any COAF Company or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been paid in full; provided, however, that the provisions of Sections 3.03 and 3.04 hereof shall survive any termination of this Insurance Agreement.

Appears in 5 contracts

Samples: Insurance Agreement (Capital One Auto Finance Trust 2005-D), Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Receivables LLC)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies Ambac Policy and the Policies shall have such policy has been surrendered to the Note Insurer for cancellation and (b) such time as all amounts payable to the Note Insurer by any COAF Company the Triad Parties hereunder or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been irrevocably paid and redeemed in fullfull and such Class A Notes have been cancelled; provided, however, that the provisions of Sections 3.03 3.2, 3.3 and 3.04 3.4 hereof shall survive any termination of this Insurance Agreement.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC), Insurance and Indemnity Agreement (Triad Automobile Receivables Trust 2005-A), Insurance and Indemnity Agreement (Triad Automobile Receivables Trust 2006-A)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies Ambac Policy and the Policies shall have such policy has been surrendered to the Note Insurer for cancellation and (b) such time as all amounts payable to the Note Insurer by any COAF Company the United Parties hereunder or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been irrevocably paid and redeemed in fullfull and such Class A Notes have been cancelled; provided, however, that the provisions of Sections 3.03 3.2, 3.3 and 3.04 3.4 hereof shall survive any termination of this Insurance Agreement.

Appears in 3 contracts

Samples: Insurance and Indemnity Agreement (UPFC Auto Receivables Trust 2007-B), Insurance and Indemnity Agreement (UPFC Auto Receivables Trust 2006-B), Insurance and Indemnity Agreement (United Pan Am Financial Corp)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies Ambac Policy and the Policies shall have such policy has been surrendered to the Note Insurer for cancellation and (b) such time as all amounts payable to the Note Insurer by any COAF Company the AmeriCredit Parties hereunder or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been irrevocably paid and redeemed in fullfull and such Notes have been cancelled; provided, however, that the provisions of Sections 3.03 3.2, 3.3 and 3.04 3.4 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (AmeriCredit Automobile Receivables Trust 2004-C-A), Insurance and Indemnity Agreement (Americredit Automobile Receivable Trust 2005-D-A)

Effective Date; Term of the Insurance 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 the Note Insurer is no longer subject to a claim under the Policies Policy and the Policies Policy shall have been surrendered to the Note Insurer for cancellation and (b) all amounts payable to the Note Insurer by any COAF Company UACC, the Servicer, the Seller, or from any other source under the Transaction Documents and all amounts payable under the Class A Notes Obligations have been paid in full; provided, however, that the provisions of Sections 3.03 3.02, 3.03, 3.04 and 3.04 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance Agreement (UPFC Auto Receivables Trust 2007-A), Insurance Agreement (UPFC Auto Receivables Trust 2006-A)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies FSA Policy and the Policies shall have Swap Policy and each such policy has been surrendered to the Note Insurer for cancellation and (b) such time as all amounts payable to the Note Insurer by any COAF Company the Triad Parties hereunder or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been irrevocably paid and redeemed in fullfull and such Class A Notes have been cancelled; provided, however, that the provisions of Sections 3.03 3.2, 3.3 and 3.04 3.4 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC), Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies FSA Policy and the Policies shall have such policy has been surrendered to the Note Insurer for cancellation and (b) such time as all amounts payable to the Note Insurer by any COAF Company the Triad Parties hereunder or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been irrevocably paid and redeemed in fullfull and such Class A Notes have been cancelled; provided, however, that the provisions of Sections 3.03 3.2, 3.3 and 3.04 3.4 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Triad Financial Special Purpose LLC), Insurance and Indemnity Agreement (Triad Automobile Receivables Trust 2006-B)

Effective Date; Term of the Insurance 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 the Note Insurer is no longer subject to a claim under the Policies and the Policies shall have been surrendered to the Note Insurer for cancellation and (b) all amounts payable to the Note Insurer by any COAF Company the Issuer or from any other source under the Transaction Documents or any Acknowledgment and Consent and all amounts payable under the Class A Notes have been paid in full; provided, however, that the provisions of Sections 3.03 and 3.04 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance Agreement (Hertz Corp), Insurance Agreement (Hertz Corp)

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Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies Ambac Policy and the Policies shall have such policy has been surrendered to the Note Insurer for cancellation and (b) such time as all amounts payable to the Note Insurer by any COAF Company the New South Parties hereunder or from any other source under the Transaction Documents and all amounts payable under the Class A Notes have been irrevocably paid and redeemed in fullfull and such Class A Notes have been cancelled; provided, however, that the provisions of Sections 3.03 3.2, 3.3 and 3.04 3.4 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Bond Securitization LLC)

Effective Date; Term of the Insurance 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 the Note Insurer is no longer subject to a claim under the Policies Policy and the Policies Policy shall have been surrendered to the Note Insurer for cancellation (the "Policy Termination Date") and (b) all amounts payable to the Note Insurer by any COAF Company TFC Party or from any other source under the Transaction Loan Documents and all amounts payable under the Class A Notes have been paid in full; provided, however, that the provisions of Sections 3.03 3.02, 3.03, 3.04 and 3.04 4.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance Agreement (TFC Enterprises Inc)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies Policy and the Policies Policy shall have been surrendered to the Note Insurer for cancellation and (b) all amounts payable to the Note Insurer by any COAF Company the Seller or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents and all amounts payable under the Class A Notes have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03 and 3.04 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Greenpoint Mortgage Funding Trust 2006-He1)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer is no longer subject to a claim under the Policies Policy and the Policies Policy shall have been surrendered to the Note Insurer for cancellation and (b) all amounts payable to the Note Insurer by any COAF Company IndyMac or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents and all amounts payable under the Class A Notes have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03 and 3.04 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H1)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date of Issuance and shall remain in effect until the later of (a) such time as the Note Insurer Policy Provider is no longer subject to a claim under the Policies Policy and the Policies Policy shall have been surrendered to the Note Insurer Policy Provider for cancellation and (b) all amounts payable to the Note Insurer Policy Provider by any COAF Company American or the Subordination Agent hereunder or from any other source hereunder or under the Transaction Documents Operative Agreements and all amounts payable under the Class A Notes G Certificates have been paid in full; provided, however, that the provisions of Sections 3.03 and Section 3.04 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (American Airlines Inc)

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