The Note Insurer Clause Samples

The Note Insurer. Any right conferred to the Note Insurer hereunder shall be suspended and shall run to the benefit of the Owners during any period in which there exists a Note Insurer Default; provided, that the right of the Note Insurer to receive the Premium Amount shall not be suspended if such Note Insurer Default was a default other than a default under clause (a) of the definition thereof. At such time as the Notes are no longer Outstanding hereunder and the Note Insurer has received all Reimbursement Amounts, the Note Insurer's rights hereunder shall terminate.
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The Note Insurer. The Note Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Note Insurer shall be suspended during any period in which the Note Insurer is in default in its payment obligations under the Note Policy, except with respect to amendments to this Agreement pursuant to Section 11.
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The Note Insurer. Any right conferred to the Note Insurer hereunder shall be suspended during any period in which the Note Insurer is in default in its payment obligations under the Debt Service Reserve Surety Bond or the Note Insurance Policy. At such time as the Notes are no longer outstanding hereunder, and no amounts owed to the Note Insurer hereunder, under the Insurance Agreement and under the Financial Guaranty Agreement remain unpaid, the Note Insurer's rights hereunder shall terminate.
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The Note Insurer. The Note Insurer shall be a third-party beneficiary of this Agreement, entitled to enforce any provisions hereof as if a party hereto. Any right conferred to the Note Insurer with respect to a Group shall be suspended during any period in which the Note Insurer is in default in its payment obligations under the Note Insurance Policy. At such time as the Notes with respect to a Group are no longer outstanding hereunder, and no amounts owed to the Note Insurer hereunder with respect to such Group remain unpaid, the Note Insurer's rights hereunder with respect to such Group shall terminate.
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The Note Insurer. Any right conferred to the Issuer hereunder shall be suspended during any period in which the Note Insurer is in default in its payment obligations under the Note Insurance Policy. The Servicer shall give the Owner Trustee notice of such event. The Note Insurer is an intended third party beneficiary of this Agreement.
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The Note Insurer. The Note Insurer shall be a third party beneficiary hereof and shall be entitled to enforce the provisions hereof as if a party hereto. Notwithstanding anything contained herein to the contrary, the Owner Trustee shall not owe any fiduciary duties to the Note Insurer; this provision shall not be construed to limit or modify in any way the fiduciary obligation of the Owner Trustee to the beneficial owners of the Trust. Notwithstanding the foregoing, any right conferred to the Note Insurer shall be suspended during any period in which the Note Insurer is in default in its payment obligations under any Note Insurance Policy. At such time as the Notes are no longer outstanding, and no amounts owed to the Note Insurer under the Basic Documents remain unpaid, the Note Insurer's rights hereunder shall terminate.
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The Note Insurer. Any right conferred to the Note Insurer shall be suspended during any period in which the Note Insurer is in default in its payment obligations under a Note Insurance Policy. At such time as the Notes are no longer outstanding hereunder, and no amounts owed to the Note Insurer hereunder remain unpaid, the Note Insurer's rights hereunder shall terminate. The notice address of the Note Insurer is MBIA Insurance Corporation, 113 King Street, Armonk, New York 10504, Attention: Insured Portfoli▇ ▇▇▇▇▇▇▇▇▇▇-▇▇ (▇▇▇▇▇▇▇▇-▇▇▇▇▇▇) (▇▇▇ Money Store Trust 1998-C).
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The Note Insurer. The parties hereto agree that the Note Insurer shall be deemed a third party beneficiary of this Agreement entitled to all rights and benefits set forth herein as fully as if it were a party hereto. Notwithstanding the foregoing, any right conferred upon the Note Insurer hereunder shall be suspended during any period in which an Insurer Default shall be in effect.
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The Note Insurer. Certain Matters Regarding the Insurer and The Insurer's Policy....................................................XII-1]
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Related to The Note Insurer

  • The Notes Section 2.01.

  • The Trust Agreement The Trust Agreement has been duly authorized, executed and delivered by the Company and constitutes a valid and legally binding obligation of the Company enforceable against the Company in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting the enforcement of creditors’ rights generally or by equitable principles relating to enforceability.

  • Insurance Agreement The Trustee is authorized and directed to execute and deliver the Insurance Agreement and to perform the obligations of the Trustee thereunder.

  • Indenture Trustee Not Obligated Notwithstanding anything to the contrary herein, the Indenture Trustee is not obligated to enter into an amendment that adversely affects the Indenture Trustee’s rights, powers, duties, obligations, liabilities, indemnities or immunities under this Indenture.

  • The Owner Trustee It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust, National Association on behalf of the Trust not individually or personally but solely as owner trustee of the Trust under the Trust Agreement of the Trust dated the date hereof in the exercise of the powers and authority conferred upon and vested in Wilmington Trust, National Association as owner trustee of the Trust under such Trust Agreement, (ii) each of the representations, undertakings and agreements herein made on the part of the Trust is made and intended not as the personal representation, undertaking or agreement of Wilmington Trust, National Association, but is made and intended for the purpose of binding only the Trust and (iii) nothing herein contained shall be construed as creating any liability on the part of Wilmington Trust, National Association, individually or personally, to perform any covenant or obligation of the Trust, either expressed or implied, contained herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto.