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 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 Issuer, the Master Servicer, the Eligible Lender Trustee, the Indenture Trustee, the Seller, the Administrator or the Depositor or from any other source under the Transaction Documents and all amounts payable under the Securities have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 and 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 4 contracts

Samples: Insurance Agreement (Keycorp Student Loan Trust 2000-B), Insurance Agreement (Keycorp Student Loan Trust 2000-A), Insurance Agreement (Keycorp Student Loan Trust 2003-A)

AutoNDA by SimpleDocs

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 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 Issuer, the Master Servicer, the Eligible Lender TrusteeSponsor, the Indenture Trustee, the Seller, the Administrator Trust or the Depositor hereunder or from any other source hereunder or under the Transaction Operative Documents or the Certificate Insurance Policy and all amounts payable under the Securities Insured Certificates have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.03 and 3.04 and 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)

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 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 IssuerAdministrator, the Master ServicerDepositor, the Eligible Lender Trustee, the Indenture Trustee, the SellerIssuer, the Administrator Master Servicer or the Depositor Seller or from any other source under the Transaction Documents and all amounts payable under the Securities have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 and 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance Agreement (Keycorp Student Loan Trust 2002-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 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 Issuer, the Master Servicer, the Eligible Lender TrusteeIndyMac, the Indenture Trustee, the SellerIssuer, the Administrator Owner Trustee or the Depositor hereunder or from any other source hereunder or under the Transaction Documents and all amounts payable under the Securities Notes have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 3.04, 3.05 and 4.06 hereof shall survive any termination of this Insurance Agreement; provided, with respect to Section 4.06, that Section 4.06 shall survive the termination of this Insurance Agreement for the period of time specified in Section 4.06.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (IndyMac Home Equity Mortgage Loan Asset-Backed Trust, Series 2006-H4)

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 Insurer is no longer subject to a claim under the Policy Policies and the Policy Policies shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Issuer, the Master Servicer, the Eligible Lender Trustee, the Indenture TrusteeOriginator, the Seller, the Administrator Issuer, the Indenture Trustee or the Depositor Backup Servicer or from any other source under the Transaction Documents and all amounts payable under the Securities Obligations have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 3.04, 4.02 and 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-1)

AutoNDA by SimpleDocs

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 Insurer is no longer subject to a claim under the Policy Policies and the Policy Policies shall have been surrendered to the Insurer for cancellation and (b) all amounts payable to the Insurer by the Issuer, the Master Servicer, the Eligible Lender Trustee, the Indenture TrusteeOriginator, the Seller, the Administrator Issuer or the Depositor Indenture Trustee or from any other source under the Transaction Documents and all amounts payable under the Securities Obligations have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 3.04, 4.02 and 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-3)

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 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 Issuer, the Master Servicer, the Eligible Lender TrusteeCollateral Agent, the Indenture TrusteeBackup Servicer, the SellerSecurities Intermediary, the Administrator Sellers, the Custodian or the Depositor Debtor or from any other source under the Transaction Documents and all amounts payable under the Securities Note have been paid in full; provided, however, that the provisions of Sections 3.02, 3.03, 3.04 and 4.06 hereof shall survive any termination of this Insurance Agreement.

Appears in 1 contract

Samples: Insurance Agreement (Americredit Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.