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Common use of Certificate Insurer Default Clause in Contracts

Certificate Insurer Default. Any right conferred to the Certificate Insurer, including, without limitation, the right to receive the Premium Amount pursuant to Section 6.05(b)(i) and 6.05

Appears in 6 contracts

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

Certificate Insurer Default. Any right conferred to the Certificate Insurer, including, without limitation, the right to receive the Premium Amount pursuant to Section 6.05(b)(i), 6.05(c)(i) and 6.05

Appears in 2 contracts

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

Related Clauses

  • Depositor as Certificateholder
  • Appointment of the Certificate Paying Agent
  • Trustee and Securities Administrator Not Liable for Certificates or Mortgage Loans
  • Certificate No
  • Trust Administrator Not Liable for Certificates or Mortgage Loans

Parent Clauses

  • Default
  • Indemnification of the Trust by the Servicer
  • Effect of Payments by the Certificate Insurer; Subrogation
  • Payment of Taxes, Insurance and Other Charges
  • Superior Liens

Sub-Clauses

  • Certain Matters Affecting the Trustee
  • Trustee May Own Certificates
  • Duties of Trustee
  • Trustee Not Liable for Certificates or Mortgage Loans
  • Eligibility Requirements for Trustee
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