Subrogation and Cooperation. (a) The Issuer and the Indenture Trustee acknowledge that (i) to the extent the Credit Enhancer makes payments under the Credit Enhancement Instrument on account of principal of or interest on the Notes, the Credit Enhancer will be fully subrogated to the rights of such Holders to receive such principal and interest from the Issuer, and (ii) the Credit Enhancer shall be paid such principal and interest but only from the sources and in the manner provided herein and in the Insurance Agreement for the payment of such principal and interest. The Indenture Trustee shall cooperate in all respects with any reasonable request by the Credit Enhancer for action to preserve or enforce the Credit Enhancer's rights or interest under this Indenture or the Insurance Agreement without limiting the rights of the Noteholders as otherwise set forth in the Indenture, including, without limitation, upon the occurrence and continuance of a default under the Insurance Agreement, a request to take any one or more of the following actions:
(i) institute Proceedings for the collection of all amounts then payable on the Notes, or under this Indenture in respect to the Notes and all amounts payable under the Insurance Agreement enforce any judgment obtained and collect from the Issuer monies adjudged due;
(ii) sell the Trust Estate or any portion thereof or rights or interest therein, at one or more public or private Sales called and conducted in any manner permitted by law;
(iii) file or record all Assignments that have not previously been recorded;
(iv) institute Proceedings from time to time for the complete or partial foreclosure of this Indenture; and
(v) exercise any remedies of a secured party under the Uniform Commercial Code and take any other appropriate action to protect and enforce the rights and remedies of the Credit Enhancer hereunder.
Subrogation and Cooperation. 23 Section 4.13 Repayment of Monies Held by Paying Agent.........................24 Section 4.14 Temporary Notes..................................................24
Subrogation and Cooperation. 22 Section 4.04. Release of Collateral........................................................22
Subrogation and Cooperation. (a) To the extent the Credit Enhancer makes payments of principal or interest on the Notes under the Policy, the Credit Enhancer will be fully subrogated to the rights of the Noteholders to receive that principal and interest from the Mortgage Loans and any other Collateral, and the Credit Enhancer shall be paid that principal and interest, but only from the sources and in the manner provided in this Indenture, the Sale and Servicing Agreement, and the Insurance Agreement for the payment of that principal and interest. Any payment of principal or interest on the Notes made with moneys received under the Policy shall not be considered payment of the Notes from the Trust and shall not result in the payment of or the provision for the payment of the principal or interest on the Notes under Section 4.
01. The Credit Enhancer shall be paid principal and interest from Mortgage Loans only from the sources and in the manner provided in this Indenture, in the Sale and Servicing Agreement, and in the Insurance Agreement. The Indenture Trustee shall cooperate in all respects with any reasonable request or direction by the Credit Enhancer to take any of the following actions to preserve or enforce the Credit Enhancer's interest under this Indenture or the Sale and Servicing Agreement, consistent with this Indenture and without limiting the rights of the Noteholders under this Indenture, including upon the occurrence and continuance of a Credit Enhancer Default:
(i) institute Proceedings for the collection of all amounts then payable on the Notes or under this Indenture with respect to the Notes and all amounts payable under the Insurance Agreement and to enforce any judgment obtained and collect from the Issuer monies adjudged due;
(ii) sell any part of Collateral or interests in it at one or more public or private sales called and conducted in any manner permitted by law;
(iii) file or record all Assignments of Mortgage that have not previously been recorded;
(iv) institute Proceedings from time to time for the complete or partial foreclosure of this Indenture; and
(v) exercise any remedies of a secured party under the UCC and take any other appropriate action to protect and enforce the interests of the Credit Enhancer under this Indenture. Following the payment in full of the Notes, the Credit Enhancer shall continue to have all the rights given to it under this Section and in all other provisions of this Indenture, until all amounts owing to the Credit Enhancer hav...
Subrogation and Cooperation. 23 Section 4.04. Release of Collateral...............................................................24 ARTICLE V Remedies
Subrogation and Cooperation. 22 4.13. REPAYMENT OF MONIES HELD BY PAYING AGENT................................................. 23 4.14. TEMPORARY NOTES.......................................................................... 23 ARTICLE V DEFAULT AND REMEDIES
Subrogation and Cooperation. 28 SECTION 4.4 Repayment of Moneys Held by Paying Agent................................................29 ARTICLE V REMEDIES
Subrogation and Cooperation. 24 Section 4.13 REPAYMENT OF MONIES HELD BY PAYING AGENT..............................................24 Section 4.14 TEMPORARY NOTES.......................................................................25 ARTICLE V
Subrogation and Cooperation. 25 4.13. REPAYMENT OF MONIES HELD BY PAYING AGENT..................................................26 4.14. TEMPORARY BONDS...........................................................................26
Subrogation and Cooperation. 29 SECTION 4.4 Repayment of Moneys Held by Paying Agent...................................................30 SECTION 4.5 Insurer's Rights Regarding Actions, Proceedings or Investigations..........................30
