THE CLASS A CERTIFICATE INSURER DEFAULT. Any right conferred to the Class A Certificate Insurer shall be suspended during any period in which a Class A Certificate Insurer Default exists. At such time as the Class A Certificates are no longer outstanding hereunder, and no amounts owed to the Class A Certificate Insurer hereunder remain unpaid, the Class A Certificate Insurer's rights hereunder shall terminate.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc MRT PSS THR Cert Se 2002-He3), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
THE CLASS A CERTIFICATE INSURER DEFAULT. Any right conferred to the Class A Certificate Insurer shall be suspended during any period in which a Class A Certificate Insurer Default exists. At such time as the Class A Certificates are no longer outstanding hereunder, and no amounts owed to the Class A Certificate Insurer hereunder remain unpaid, the Class A Certificate Insurer's rights hereunder shall terminate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2), Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2)
