Retirement of Notes. The Servicer shall instruct the Indenture Trustee, upon a retirement or other payment of all of the Notes, to surrender the Policy to the Insurer for cancellation.
Appears in 2 contracts
Samples: Insurance and Indemnity Agreement (Origen Residential Securities, Inc.), Insurance and Indemnity Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A)
Retirement of Notes. The Servicer Issuer shall instruct the Indenture Trustee, upon a retirement or other payment of all of the Notes, to surrender the Note Policy to the Insurer for cancellation.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Indymac Abs Inc)
Retirement of Notes. The Servicer Issuer and the Depositor shall instruct the Indenture Trustee, upon a retirement or other payment of all of the Insured Notes, to surrender the Policy to the Insurer for cancellation.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Greenpoint Mortgage Funding Trust 2006-He1)
Retirement of Notes. The Servicer shall instruct the Indenture Trustee, upon a retirement or other payment of all of the Notes, to surrender the Note Policy to the Insurer for cancellation.
Appears in 1 contract
Samples: Insurance and Indemnity Agreement (Indymac Abs Inc)
