Insurance Premium Payments. (a) The Insurance Premium paid under this Agreement shall be nonrefundable and the right of the Certificate Insurer to receive any Insurance Premium payable under this Agreement shall be absolute and unconditional, in each case without regard to whether the Certificate Insurer or any Fiscal Agent makes any payment under the Certificate Policy or any other circumstances relating to the Class 2-A-4 Certificates or the Certificate Policy (including payment or any provision being made for payment of the Holders of the Class 2-A-4 Certificates prior to the final date for distribution in respect of the Class 2-A-4 Certificates under this Agreement.
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Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Mort Pas THR Certs Ser 2004-1)
Insurance Premium Payments. (a) The Insurance Premium paid under this Agreement shall be nonrefundable and the right of the Certificate Insurer to receive any Insurance Premium payable under this Agreement hereunder shall be absolute and unconditional, in each case without regard to whether the Certificate Insurer or any Fiscal Agent fiscal agent on behalf of the Insurer makes any payment under the Certificate Policy or any other circumstances relating to the Class 2-A-4 Insured Certificates or the Certificate Policy (including payment or any provision being made for payment of the Holders of the Class 2-A-4 Certificates Insured Certificateholders prior to the final date for distribution in respect of the Class 2-A-4 Insured Certificates under this Agreement.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)
Insurance Premium Payments. (a) The Insurance Premium paid under this Agreement shall be nonrefundable and the right of the Certificate Insurer to receive any Insurance Premium payable under this Agreement hereunder shall be absolute and unconditional, in each case without regard to whether the Certificate Insurer or any Fiscal Agent fiscal agent on behalf of the Insurer makes any payment under the Certificate Policy or any other circumstances relating to the Class 2-A-4 Insured Certificates or the Certificate Policy (including payment or any provision being made for payment of the Holders of the Class 2-A-4 Certificates Insured Certificateholders prior to the final date for distribution in respect of the Class 2-A-4 Insured Certificates under this Agreement).
Appears in 1 contract
Insurance Premium Payments. (a) The Insurance Premium paid under this Agreement shall be nonrefundable and the right of the Certificate Insurer to receive any Insurance Premium payable under this Agreement hereunder shall be absolute and unconditional, in each case without regard to whether the Certificate Insurer or any Fiscal Agent fiscal agent on behalf of the Certificate Insurer makes any payment under the Certificate Policy or any other circumstances relating to the Class 2-A-4 Insured Certificates or the Certificate Policy (including payment or any provision being made for payment of the Holders of the Class 2-A-4 Certificates Insured Certificateholders prior to the final date for distribution in respect of the Class 2-A-4 Insured Certificates under this Agreement).
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Samples: RALI Series 2006-Qo4 Trust