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 (Chec Asset Receivables Corp), Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1998-3), Pooling and Servicing Agreement (Imc Home Equity Loan Trust 1997-2)
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 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 3 contracts
Samples: Pooling and Servicing Agreement (Chec Asset Receivables Corp), Pooling and Servicing Agreement (Centex Credit Corp Home Eq Ln Asset Backed Cert Ser 2000 B), Pooling and Servicing Agreement (Centex Home Equity Loan Trust 2000-A)
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 140
Appears in 1 contract
RIGHTS TO THE CERTIFICATE INSURER TO EXERCISE RIGHTS OF OWNERS. By accepting its Certificate, each Owner of a Class A or Class A-IO 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 and Class A-IO Certificates as specified under this Agreement without any further consent of the Owners of the Class A Certificates. END OF ARTICLE XIIand Class A-IO Certificates and that the Owners of Class A and Class A-IO Certificates may not exercise such rights except with the written consent of the Certificate Insurer.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Sec Corp Home Equity Loan Tr 1999-Lb1)
