Common use of Surrender of Policy Clause in Contracts

Surrender of Policy. The Trust Collateral Agent shall surrender the Policy to the Note Insurer for cancellation upon its expiration in accordance with the terms thereof.

Appears in 13 contracts

Samples: Sale and Servicing Agreement (Long Beach Acceptance Receivables Corp. II), Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-A), Sale and Servicing Agreement (Long Beach Acceptance Auto Receivables Trust 2005-B)

AutoNDA by SimpleDocs

Surrender of Policy. The Trust Collateral Agent shall ------------------- surrender the Note Policy to the Note Insurer for cancellation upon its the expiration of such policy in accordance with the terms thereof.

Appears in 12 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

Surrender of Policy. The Trust Collateral Agent shall surrender the Note Policy to the Note Insurer for cancellation upon its the expiration of such policy in accordance with the terms thereof.

Appears in 8 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Advanta Automobile Receivables Trust 1997-1), Sale and Servicing Agreement (Americredit Financial Services Inc)

AutoNDA by SimpleDocs

Surrender of Policy. The Trust Collateral Agent shall surrender the Certificate Policy to the Note Insurer for cancellation upon its the expiration of such policy in accordance with the terms thereof.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Americredit Financial Services Inc), Sale and Servicing Agreement (Americredit Financial Services Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!