Common use of Trust Estate and Accounts Held for Benefit of the Note Insurer Clause in Contracts

Trust Estate and Accounts Held for Benefit of the Note Insurer. The Indenture Trustee shall hold the Trust Estate and the Mortgage Files for the benefit of the Noteholders and the Note Insurer and all references in this Agreement and in the Notes to the benefit of Holders of the Notes shall be deemed to include the Note Insurer (provided there does not exist a Note Insurer Default). All notices, statements, reports, certificates or opinions required by this Agreement to be sent to any other party hereto or to the Noteholders shall also be sent to the Note Insurer.

Appears in 8 contracts

Samples: Indenture (Wachovia Mortgage Loan Trust, LLC), Indenture (Ace Securities Corp), Indenture (Prudential Securities Secured Financing Corp)

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Trust Estate and Accounts Held for Benefit of the Note Insurer. The Indenture Trustee shall hold the Trust Estate and the Mortgage Files for the benefit of the Noteholders and the Note Insurer and all references in this Agreement Indenture and in the Notes to the benefit of Holders of the Notes shall be deemed to include the Note Insurer (provided there does not exist a Note Insurer Default). All notices, statements, reports, certificates or opinions required by this Agreement to be sent to any other party hereto or to the Noteholders shall also be sent to the Note Insurer.

Appears in 3 contracts

Samples: Sub Servicing Agreement (Residential Asset Funding Corp), Indenture (Residential Asset Funding Corp), Residential Asset Funding Corp

Trust Estate and Accounts Held for Benefit of the Note Insurer. The Indenture Trustee shall hold the Trust Estate and shall cause the Custodian to hold the Trustee Mortgage Files for the benefit of the Noteholders and the Note Insurer and all references in this Agreement and in the Notes to the benefit of Holders of the Notes shall be deemed to include the Note Insurer (provided there does not exist a Note Insurer Default)Insurer. All notices, statements, reports, certificates or opinions required by this Agreement to be sent to any other party hereto or to the Noteholders shall also be sent to the Note Insurer.

Appears in 1 contract

Samples: Indenture (Bear Stearns Asset Backed Securities Inc)

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Trust Estate and Accounts Held for Benefit of the Note Insurer. The Indenture Trustee shall hold the Trust Estate and the Mortgage Home Loan Files for the benefit of the Noteholders and the Note Insurer and all references in this Agreement and in the Notes to the benefit of Holders of the Notes shall be deemed to include the Note Insurer (provided there does not exist a Note Insurer Default). All notices, statements, reports, certificates or opinions required by this Agreement to be sent to any other party hereto or to the Noteholders shall also be sent to the Note Insurer.

Appears in 1 contract

Samples: Indenture (Financial Asset Securities Corp)

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