Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, rights granted or reserved to the Securities Insurer hereunder shall vest instead in the Noteholders; provided that the Securities Insurer shall be entitled to any payments in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 and 9.02 hereof to consent to any supplement to this Indenture.
Appears in 9 contracts
Samples: Bcap LLC, Hsi Asset Securitization Corp, Indenture (Painewebber Mortgage Acceptance Corporation Iv)
Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, the rights granted or reserved to the Securities Insurer hereunder shall vest instead in the Majority Noteholders; provided provided, however, that the Securities Insurer shall be entitled to any payments in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 Section 11.01 to consent to the termination of this Agreement and 9.02 hereof Section 12.02 to consent to any supplement to amendment of this IndentureAgreement.
Appears in 7 contracts
Samples: Sale and Servicing Agreement (Bcap LLC), Sale and Master Servicing Agreement (Painewebber Mort Acce Corp Iv Fremont Home Ln Own Tr 1999-1), Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)
Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, rights granted or reserved to the Securities Insurer hereunder shall vest instead in the NoteholdersMajority Certificateholders; provided that the Securities Insurer shall be entitled to any payments distributions in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 Section 11.01 to consent to the termination of this Agreement and 9.02 hereof Section 12.02 to consent to any supplement to amendment of this IndentureAgreement.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp)
Suspension and Termination of Securities Insurer's Rights. (a) During a)During the continuation of a Securities Insurer Default, the rights granted or reserved to the Securities Insurer hereunder shall vest instead in the Majority Noteholders; provided provided, however, that the Securities Insurer shall be entitled to any payments in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 Section 11.01 to consent to the termination of this Agreement and 9.02 hereof Section 12.02 to consent to any supplement to amendment of this IndentureAgreement.
Appears in 3 contracts
Samples: Sale and Servicing Agreement (Hsi Asset Securitization Corp), Sale and Servicing Agreement (Hsi Asset Securitization Corp), Sale and Servicing Agreement (Securitized Asset Backed Receivables LLC)
Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, rights granted or reserved to the Securities Insurer hereunder shall vest instead in the Noteholders; provided that the Securities Insurer shall be entitled to any payments distributions in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 and 9.02 Section 9.2 hereof to consent to any supplement to this Indenture.
Appears in 3 contracts
Samples: Indenture (Firstplus Investment Corp), Equivantage Acceptance Corp, Firstplus Investment Corp
Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, rights granted or reserved to the [Securities Insurer Insurer] hereunder shall vest instead in the Noteholders; provided that the [Securities Insurer Insurer] shall be entitled to any payments distributions in reimbursement of the Securities Insurer Reimbursement Amount, and the [Securities Insurer Insurer] shall retain those rights under Sections 9.01 and 9.02 Section 9.2 hereof to consent to any supplement to this Indenture.
Appears in 1 contract
Samples: Preferred Securitization Corp
Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, rights granted or reserved to the Securities Insurer hereunder shall vest instead in the Noteholders; provided that the Securities Insurer shall be entitled to any payments distributions in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 and 9.02 Section 9.2 hereof to consent to any supplement to this Indenture.
Appears in 1 contract
Samples: Firstplus Investment Corp
Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, rights granted or reserved to the Securities Insurer hereunder shall vest instead in the NoteholdersOwners; provided that the Securities Insurer shall be entitled to any payments distributions in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 and 9.02 hereof Section 11.1 to consent to any supplement to amendment of this Indenture.Agreement..
Appears in 1 contract
Suspension and Termination of Securities Insurer's Rights. (a) During the continuation of a Securities Insurer Default, rights granted or reserved to the Securities Insurer hereunder shall vest instead in the Noteholders; provided that the Securities Insurer shall be entitled to any payments in reimbursement of the Securities Insurer Reimbursement Amount, and the Securities Insurer shall retain those rights under Sections 9.01 and 9.02 ---------------------- hereof to consent to any supplement to this Indenture.
Appears in 1 contract
Samples: Fremont Mortgage Securities Corp
