Common use of Rights of the NIMS Insurer Clause in Contracts

Rights of the NIMS Insurer. Each of the rights of the NIMS Insurer, if any, set forth in this Agreement shall be in effect only so long as any NIM Securities are issued and remain outstanding or the NIMS Insurer, if any, is owed amounts in respect of its guarantee of payment on such NIM Securities.

Appears in 13 contracts

Samples: Pooling and Servicing Agreement (Aegis Asset Backed Securities Corp), Pooling and Servicing Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-3), Pooling and Servicing Agreement (Aegis Asset Backed Sec Tr Mort Pass THR Cert Ser 2004 1)

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Rights of the NIMS Insurer. Each of the rights of the NIMS Insurer, if any, Insurer set forth in this Agreement shall be in effect exist only so long as any the NIM Securities are issued and remain outstanding or the NIMS Insurer, if any, Insurer is owed amounts in respect of its guarantee of payment on such NIM Securities.

Appears in 12 contracts

Samples: Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002 Hf1), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2003-Bc2)

Rights of the NIMS Insurer. Each of the rights of the NIMS Insurer, if any, Insurer set forth in this Agreement shall be in effect only exist so long as any NIM Securities are the notes issued and pursuant to the Indenture remain outstanding or the NIMS Insurer, if any, Insurer is owed amounts in respect of its guarantee of payment on such NIM Securitiesnotes; provided, however, the NIMS Insurer shall not have any rights hereunder so long as any default has occurred and is continuing under the insurance policy issued by the NIMS Insurer with respect to such notes.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Eqcc Receivables Corp), Pooling and Servicing Agreement (Eqcc Receivables Corp)

Rights of the NIMS Insurer. Each of the rights of the NIMS Insurer, if any, Insurer set forth in this Agreement shall be in effect exist only so long as any the NIM Securities are issued and remain outstanding or the NIMS Insurer, if any, Insurer is owed amounts in respect of its guarantee of payment on such NIM Securities.

Appears in 1 contract

Samples: Trust Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2001-Bc5)

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Rights of the NIMS Insurer. Each of the rights of the NIMS Insurer, if any, set forth in this Agreement shall be in effect exist only so long as any the NIM Securities are issued and remain outstanding or the NIMS Insurer, if any, is owed amounts in respect of its guarantee of payment on such NIM Securities.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aegis Asset Backed Securities Corp)

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