Common use of Surrender of Policy Clause in Contracts

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

Appears in 9 contracts

Samples: Indenture and Servicing Agreement (MCM Capital Group Inc), Indenture and Servicing Agreement (Creditrust Corp), Indenture and Servicing Agreement (MCM Capital Group Inc)

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

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Long Beach Holdings Corp), Pooling and Servicing Agreement (Painewebber Asset Acceptance Corp), Pooling and Servicing Agreement (Long Beach Holdings Corp)

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Surrender of Policy. The Indenture Trustee shall surrender the Policy to the Note Insurer for cancellation upon its the expiration of such Policy in accordance with the terms thereof.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)

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