Common use of No Insurance Clause in Contracts

No Insurance. The Borrower shall not obtain or carry insurance relating to the Accounts separate from that required by the Master Servicing Agreement, unless the Collateral Agent shall have the same rights with respect thereto as it has with respect to the insurance required by the Master Servicing Agreement.

Appears in 2 contracts

Samples: Variable Funding Loan Agreement (Walter Industries Inc /New/), Funding Loan Agreement (Walter Industries Inc /New/)

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No Insurance. The Borrower shall not obtain or carry insurance relating to the Accounts separate from that required by the Master Servicing Agreement, unless the Collateral Agent Trustee shall have the same rights with respect thereto as it has with respect to the insurance required by the Master Servicing Agreement.

Appears in 2 contracts

Samples: Funding Loan Agreement (Walter Industries Inc /New/), Variable Funding Loan Agreement (Walter Industries Inc /New/)

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No Insurance. The Borrower shall not obtain or carry insurance relating to the Accounts separate from that required by the Master Servicing Agreement, unless the Collateral Agent Lender shall have the same rights with respect thereto as it has with respect to the insurance required by the Master Servicing Agreement.

Appears in 1 contract

Samples: Loan Agreement (Walter Industries Inc /New/)

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