The Surety Bond. The Servicer and the Transferor agree, simultaneously with the execution and delivery of this Agreement, to cause the Surety Bond Issuer to issue the Surety Bond to the Trustee for the benefit of the Trust in accordance with the terms thereof.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-1), Nationscredit Securitization Corp, Nationscredit Grantor Trust 1997-2
The Surety Bond. The Servicer and the Transferor Depositor agree, simultaneously with the execution and delivery of this Agreement, to cause the Surety Bond Issuer to issue the Surety Bond to the Trustee for the benefit of the Trust in accordance with the terms thereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Nationscredit Grantor Trust 1997-2)
