Common use of CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER Clause in Contracts

CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. Rights of the Certificate Insurer to Exercise Rights of Insured Certificateholders. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

Appears in 14 contracts

Sources: Pooling and Servicing Agreement (Residential Asset Mortgage Products Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. 12.01 Rights of the Certificate Insurer to Exercise Rights of Insured Certificateholders. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (RFMSI Series 2005-S2 Trust), Pooling and Servicing Agreement (RFMSI Series 2005-S5 Trust), Pooling and Servicing Agreement (RFMSI Series 2005-S2 Trust)

CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section SECTION 12.01. Rights of the Certificate Insurer to To Exercise Rights of Insured Certificateholders. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Impac Secured Assets Corp), Pooling and Servicing Agreement (Impac Secured Assets Corp)

CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. 12.01 Rights of the Certificate Insurer to To Exercise Rights of Insured Certificateholders. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. 9.01 Rights of the Certificate Insurer to Exercise Rights of Insured Certificateholders. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

Appears in 1 contract

Sources: Trust Agreement (RFMSI Series 2004-Sr1 Trust)

CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01SECTION 13.01. Rights of the Certificate Insurer to Exercise Rights of Insured CertificateholdersRIGHTS OF THE CERTIFICATE INSURER TO EXERCISE RIGHTS OF INSURED CERTIFICATEHOLDERS. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (RALI Series 2006-Qo4 Trust)

CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 12.01. 13.01 Rights of the Certificate Insurer to To Exercise Rights of Insured Certificateholders. By accepting its Certificate, each Insured Certificateholder agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall have the right to exercise all consent, voting, direction and other control rights of the Insured Certificateholders under this Agreement without any further consent of the Insured Certificateholders.

Appears in 1 contract

Sources: Series Supplement (Residential Funding Mortgage Securities I Inc)