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 Closing Date and shall remain in effect until the later of (a) such time as the Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and the Depositor hereunder or from any other source hereunder or under the Transaction Documents and all amounts payable under the Notes have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Origen Residential Securities, Inc.), Insurance and Indemnity Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A)

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Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Certificate Insurer is no longer subject to a claim under the Certificate Insurance Policy and the Certificate Insurance Policy shall have been surrendered to the Certificate Insurer for cancellation and (b) all amounts payable to the Certificate Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and Seller or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents and all amounts payable under the Notes Certificates have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.03 and 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D), Insurance and Indemnity Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Insurer Policy Provider is no longer subject to a claim under the either Policy and the each Policy shall have been surrendered to the Insurer Policy Provider for cancellation and (b) all amounts payable to the Insurer Policy Provider by JetBlue or the Seller, the Sponsor, the Servicer, the Subservicer and the Depositor Subordination Agent hereunder or from any other source hereunder or under the Transaction Documents Operative Agreements and all amounts payable under the Notes Class G-1 Certificates and the Class G-2 Certificates have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, Section 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Jetblue Airways Corp), Insurance and Indemnity Agreement (Jetblue Airways Corp)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer Insurer, if any, by the SellerBorrower, the SponsorMEI, the Servicer, the Subservicer and the Depositor Marvel Studios and/or MPROD hereunder or from any other source hereunder or under the Transaction Operative Documents and all amounts payable under the Notes have been paid in full; provided, however, that the provisions of Sections 3.023.02(b), 3.02(c)(ii), 3.03, 3.04 3.04, 3.06 and 3.05 3.07 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Marvel Enterprises Inc)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the SellerSponsor, the SponsorSeller, the Servicer, the Subservicer Depositor and the Depositor Issuing Entity hereunder or from any other source hereunder or 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 3.02, 3.03, 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Indymac MBS 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 Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the SellerTrustee, the SponsorTransferor, the Servicer, the Subservicer Originator and the Depositor hereunder or Servicer and from any other source hereunder or under the Transaction Documents and all amounts payable under the Notes Securities have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 and 3.05 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Stage Stores Inc)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and Issuer or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents or the Policy and all amounts payable under the Insured Notes have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.03 and 3.04 and 3.05 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 and shall remain in effect until the later of (a) such time as the Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and Originator or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents or the Policy and all amounts payable under with respect to the Notes Class A Certificates have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.03 and 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust, Series 2007-FFC)

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 Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and Indenture Trustee, the Seller or the Depositor hereunder or from any other source hereunder or under the Transaction Documents and all amounts payable under the Notes Obligations have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 and 3.05 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance Agreement (Ace Securities Corp Home Loan Trust 1999 a Asset Backed Note)

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Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Insurer Policy Provider is no longer subject to a claim under the Policy Policies and the Policy Policies shall have been surrendered to the Insurer Policy Provider for cancellation and (b) all amounts payable to the Insurer Policy Provider by Continental or the Seller, the Sponsor, the Servicer, the Subservicer and the Depositor Subordination Agent hereunder or from any other source hereunder or under the Transaction Documents Operative Agreements and all amounts payable under the Notes Class G Certificates have been paid in full; provided, however, that the provisions of Sections 3.023.04, 3.033.05, 3.04 3.06, 3.07 and 3.05 3.08, hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Continental Airlines Inc /De/)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of such time as (a) such time as the Certificate Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Certificate Insurer for cancellation and (b) all amounts payable to the Certificate Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and the Depositor any party hereunder or from any other source hereunder or under any or the Transaction Documents other Operative Documents, and all amounts payable under the Notes Class M Certificates, have been indefeasibly paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.03 and 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (American Business Financial Services Inc /De/)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Class IIA Certificate Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Class IIA Certificate Insurer for cancellation and (b) all amounts payable to the Class IIA Certificate Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and Xxxxx Fargo or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents and all amounts payable under the Notes Certificates have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.03 and 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-5)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Insurer is no longer subject to a claim under the Policy and the Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Seller, the Sponsor, the Servicer, the Subservicer and IndyMac or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents or the Policy and all amounts payable under the Class A Notes have been paid in full; provided, however, that the provisions of Sections 2.04, 3.02, 3.03, 3.04 and 3.05 6.15 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Indymac MBS Inc)

Effective Date; Term of the Insurance Agreement. This Insurance Agreement shall take effect on the Closing Date and shall remain in effect until the later of (a) such time as the Insurer is no longer subject to a claim under the Note Policy and the Note Policy shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Seller, the Sponsor, the Servicer, the Subservicer Depositor and the Depositor Issuer hereunder or from any other source hereunder or under the Transaction Documents and all amounts payable under the Notes have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 and 3.05 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Indymac Abs Inc)

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