RIGHTS TO THE CERTIFICATE INSURER TO EXERCISE RIGHTS OF OWNERS. By accepting its Certificate, each Owner of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Owners of the Class A Certificates as specified under this Agreement without any further consent of the Owners of the Class A Certificates. END OF ARTICLE XII
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1997-2), Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1998-3), Pooling and Servicing Agreement (Chec Asset Receivables Corp)
RIGHTS TO THE CERTIFICATE INSURER TO EXERCISE RIGHTS OF OWNERS. By accepting its Certificate, each Owner of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Owners of the Class A Certificates as specified under this Agreement without any further consent of the Owners of the Class A Certificates. END OF ARTICLE XIIXII 148
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Chec Asset Receivables Corp), Pooling and Servicing Agreement (Chec Asset Receivables Corp)
RIGHTS TO THE CERTIFICATE INSURER TO EXERCISE RIGHTS OF OWNERS. By accepting its Certificate, each Owner of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Owners of the Class A Certificates as specified under this Agreement without any further 144 consent of the Owners of the Class A Certificates. END OF ARTICLE XIICertificates and that the Owners of Class A Certificates may not exercise such rights except with the written consent of the Certificate Insurer.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Centex Home Equity Loan Trust 1999-2)
RIGHTS TO THE CERTIFICATE INSURER TO EXERCISE RIGHTS OF OWNERS. By accepting its Certificate, each Owner of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Owners of the Class A Certificates as specified under this Agreement without any further consent of the Owners of the Class A Certificates. END OF ARTICLE XII.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1997-1)
RIGHTS TO THE CERTIFICATE INSURER TO EXERCISE RIGHTS OF OWNERS. By accepting its Certificate, each Owner of a Class A Certificate and Class S Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all rights of the Owners of the Class A Certificates and Class S Certificates as specified under this Agreement without any further consent of the Owners of the Class A Certificates and Class S Certificates. END OF ARTICLE XII
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1996-4)
