Retirement of Certificates. The Depositor shall instruct the Trustee, upon a retirement or other payment of all of the Certificates, to surrender the Certificate Insurance Policy to the Certificate Insurer for cancellation.
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)
Retirement of Certificates. The Depositor shall instruct the Trustee, and shall cause the Issuer to do the same upon a retirement or other payment of all of the Certificates, to surrender the Certificate Insurance Policy to the Class IIA Certificate Insurer for cancellation.
Appears in 1 contract
Retirement of Certificates. The Depositor shall instruct the Securities Administrator and the Trustee, upon a retirement or other payment of all of the Insured Certificates, to furnish the Certificate Insurer a notice of such retirement, and upon retirement of the Insured Certificates and the expiration of the term of the Certificate Insurance Policy to surrender the Certificate Insurance Policy to the Certificate Insurer for cancellation.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)
