Common use of Mortgage Insurance Clause in Contracts

Mortgage Insurance. If the Vendor obtains MICC Excess Deposit Insurance or other prescribed security pursuant to the Act, the Purchaser shall pay the MICC Excess Deposit Insurance premiums and other fees charged by MICC in connection therewith or such premiums, fees or charges for such prescribed security, on the Closing Date, as a credit to the Vendor on the Adjustments, as outlined in the TARION Schedule "O-B" attached hereto.

Mortgage Insurance. If the Vendor obtains MICC Excess Deposit Insurance or other prescribed security pursuant to the Act, the Purchaser shall pay the MICC Excess Deposit Insurance premiums and other fees charged by MICC in connection therewith or such premiums, fees or charges for such prescribed security, on the Closing DateClosing, as a credit to the Vendor on in the Adjustments, as outlined in the TARION Schedule "O-B" attached hereto.