The Certificate Insurer Default. Any right conferred to the Certificate Insurer shall be suspended during any period in which a Certificate Insurer Default exists. At such time as the Certificates are no longer outstanding hereunder, and no amounts owed to the Certificate Insurer hereunder remain unpaid, the Certificate Insurer's rights hereunder shall terminate.
The Certificate Insurer Default. Any right conferred to the Certificate Insurer, including, without limitation, the right to receive the Premium Amount pursuant to Section 6.05(b)(i) and 6.05
The Certificate Insurer Default. Any right conferred to the Certificate Insurer, including, without limitation, the right to receive the Premium Amount pursuant to Section 6.05(b)(i) and 6.05(c)(i), shall be suspended during any period in which a Certificate Insurer Default exists. At such time as the Certificates are no longer outstanding hereunder, and no amounts owed to the Certificate Insurer hereunder remain unpaid, the Certificate Insurer's rights hereunder shall terminate.
The Certificate Insurer Default. Any right conferred to the Certificate Insurer shall be suspended during any period in which a Certificate Insurer Default exists. At such time as the Certificates of each Class are no longer outstanding hereunder, no amounts owed to the Certificate Insurer hereunder or under the Insurance Agreement remain unpaid, the Certificate Insurer is no longer subject to claims under the Certificate Insurance Policies (including claims for Preference Amounts) and the original Certificate Insurance Policies have been surrendered to the Certificate Insurer, the Certificate Insurer's rights hereunder shall terminate.
The Certificate Insurer Default. 92 SECTION 10.13 THIRD PARTY BENEFICIARY.....................................................................93 SECTION 10.14 INTENT OF THE PARTIES.......................................................................93 SECTION 10.15
The Certificate Insurer Default. 135 SECTION 10.13 THIRD PARTY BENEFICIARY....................................135 SECTION 10.14 INTENT OF THE PARTIES......................................136 SECTION 10.15 APPOINTMENT OF TAX MATTERS PERSON..........................136 SECTION 10.16 GOVERNING LAW CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL......................................................................136 EXHIBITS -------- EXHIBIT A-1 Specimen Class A-1 Certificate Insurance Policy EXHIBIT A-2 Specimen Group II Certificate Insurance Policy EXHIBIT B-1 Specimen Class A-1 Certificate EXHIBIT B-2 Specimen Class A-2 Certificate EXHIBIT B-3 Specimen Class A-3 Certificate EXHIBIT B-4 Specimen Class A-4 Certificate EXHIBIT B-5 Specimen Class R Certificate EXHIBIT B-6 Specimen Additional Certificate EXHIBIT C Contents of Mortgage File EXHIBIT D Mortgage Loan Schedule EXHIBIT E Trustee's Certificate as to Mortgage Files EXHIBIT F Form of Initial Certification of Trustee EXHIBIT G Form of Final Certification of Trustee EXHIBIT H Form of Request for Release of Mortgage Files EXHIBIT I Form of Transfer Affidavit and Agreement EXHIBIT J Form of Transferor's Certificate EXHIBIT K Form of ERISA Investment Representation Letter EXHIBIT L Delinquency Collection Policies and Procedures EXHIBIT M Form of Officer's Certificate of the Seller: Prepaid Loans EXHIBIT N Form of Transferee's Letter EXHIBIT O Form of Subsequent Transfer Agreement EXHIBIT P Specimen Letters of Credit EXHIBIT Q Instructions Regarding Letters of Credit This Pooling and Servicing Agreement, relating to Xxxxx Home Equity Corporation Trust 1997-2, dated as of November 1, 1997 by and among Prudential Securities Secured Financing Corporation, a Delaware corporation, in its capacity as depositor of the Trust (the "Depositor"), Xxxxx Home Equity Corporation, an Indiana corporation, in its capacity as servicer (the "Servicer"), and The Chase Manhattan Bank, a banking corporation organized under the laws of the State of New York, in its capacity as trustee (the "Trustee).
The Certificate Insurer Default. Except for rights under Section 15.2, any right conferred to the Certificate Insurer shall be suspended during any period in which the Certificate Insurer fails to make an Insured Payment that is due and unpaid under a Certificate Insurance Policy. Such rights of the Certificate Insurer shall ve immediately restored upon the cure of such failure. At such time as the Certificates, other than the Residual Certificates, are no longer outstanding hereunder, no amounts owed to the Certificate Insurer hereunder or under the Insurance Agreement remain unpaid, the Certificate Insurer is no longer subject to claims under the Certificate Insurance Policies (including claims for preference amounts) and the original Certificate Insurance Policies have been surrendered to the Certificate Insurer the Certificate Insurer's rights hereunder shall terminate.
The Certificate Insurer Default. 68 Section 11.11 THIRD PARTY BENEFICIARY........................................68 Section 11.12 INTENT OF THE PARTIES..........................................68 Section 11.13 NOTICE TO RATING AGENCIES AND CERTIFICATEHOLDER................68 Section 11.14 GOVERNING LAW..................................................69 POOLING AND SERVICING AGREEMENT, dated as of ____________, 199_, by and among NATIONSBANC ASSET SECURITIES, INC., a Delaware corporation, in its capacity as depositor (the "Company"), _____________________________, a ___________ corporation, in its capacity as servicer (the " Servicer"), and _____________________________________, a ____________________________, in its capacity as trustee (the "Trustee").
The Certificate Insurer Default. 89 SECTION 10.13 THIRD PARTY BENEFICIARY.....................................................................89 SECTION 10.14 INTENT OF THE PARTIES.......................................................................90 SECTION 10.15 APPOINTMENT OF TAX MATTERS PERSON...........................................................90
The Certificate Insurer Default. Section 12.12. THIRD PARTY BENEFICIARY....................................... Section 12.12. INTENT OF THE PARTIES......................................... Section 12.13. NOTICE TO RATING AGENCIES AND CERTIFICATE INSURER...........................................
