Rights to the Note Insurer To Exercise Rights of Owners. By accepting its Note, each Owner agrees that unless a Note Insurer Default exists, the Note Insurer shall have the right to exercise all rights of the Owners as specified under this Agreement without any further consent of the Owners. END OF ARTICLE VII
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Imc Home Equity Loan Owner Trust 1998-6), Sale and Servicing Agreement (Imc Home Equity Loan Owner Trust 1998-4), Sale and Servicing Agreement (Imc Securities Inc)
Rights to the Note Insurer To Exercise Rights of Owners. By accepting its Note, each Owner of a Note agrees that unless a Note Insurer Default exists, the Note Insurer shall have the right to exercise all rights of the Owners of the Notes as specified under this Agreement Indenture without any further consent of the OwnersOwners of the Notes. END OF ARTICLE VIIXII
Appears in 1 contract
Samples: Indenture (Imc Securities Inc)
