Examples of Class A Certificate Insurer in a sentence
Notice of any removal of the Trustee shall be given to the NIMs Insurer, the Class A Certificate Insurer and to each Rating Agency by the successor trustee.
Any purported appointment of a successor servicer without the prior written consent of the Class A Certificate Insurer shall be void ab initio.
With respect to any REO Property, the deed or certificate of sale shall be taken in the name of the Trustee, on behalf of the Certificateholders and the Class A Certificate Insurer, or its nominee (which nominee shall not be the Servicer).
The Class A Certificate Insurer, the Trustee and any agent of the Class A Certificate Insurer or the Trustee may treat the Person in whose name any Certificate is registered as the owner of such Certificate for the purpose of receiving distributions as provided in this Agreement and for all other purposes whatsoever, and neither the Class A Certificate Insurer nor the Trustee, nor any agent of the Class A Certificate Insurer or the Trustee, shall be affected by any notice to the contrary.
The Servicer shall deliver to the Trustee, the NIMs Insurer and the Class A Certificate Insurer copies of all Subservicing Agreements.
Any attempt to transfer servicing without the prior written consent of the Class A Certificate Insurer will be void ab initio.
In addition to the foregoing, the Servicer shall not be required to enforce any "due-on-sale" clause in accordance with Accepted Servicing Practices if, in the reasonable judgment of the Servicer, not entering into an assumption and modification agreement with a Person to whom such property shall be conveyed and releasing the original Mortgagor from liability would be in the best interests of the Certificateholders and the Class A Certificate Insurer.
Any such co-trustee or separate trustee shall be compensated by the Trust Fund and subject to the written approval of the Servicer, the NIMs Insurer and the Class A Certificate Insurer.
Every Subservicing Agreement entered into by the Servicer shall contain a provision giving any successor servicer the option to terminate such agreement, with the consent of the NIMs Insurer and the Class A Certificate Insurer (which consent shall not be unreasonably withheld), in the event a successor servicer is appointed.
Any such determination permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Trustee, the NIMs Insurer and the Class A Certificate Insurer.