Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) and Section 8.02(a)(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the ▇▇▇▇▇▇ ▇▇▇ Guaranty; provided that the Guarantor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the ▇▇▇▇▇▇ Mae Guaranty.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2002-2)
Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) and Section 8.02(a)(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae Guarant▇; ▇▇▇▇▇▇ ▇▇▇ Guaranty; provided vided that the Guarantor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the ▇▇▇▇▇▇ Fannie Mae Guaranty.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certs Series 2003-1)
Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) 8.01 and Section 8.02(a)(ix8.02(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and or (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the ▇▇▇Fannie Mae Guaranty; provided that ▇▇▇ ▇u▇▇ Guaranty; provided that the Guarantor ▇▇ntor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the ▇▇▇▇▇▇ Fannie Mae Guaranty.
Appears in 1 contract
Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii8.01(a)(3) and Section 8.02(a)(ix8.02(a)(9), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the ▇▇▇▇▇▇ ▇▇▇ Fannie Mae Guaranty; provided that the Guarantor shall not have any rights ▇▇▇ ▇▇g▇▇▇ hereunder, except indemnification rights, so long as any default has occurred and is continuing under the ▇▇▇▇▇▇ Fannie Mae Guaranty.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Trust 2004-10)
Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii8.01(a)(3) and Section 8.02(a)(ix8.02(a)(9), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the Fannie Mae Guaranty; provided th▇▇▇▇ ▇▇▇ ▇▇▇ Guaranty; provided that the Guarantor ▇rantor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the ▇▇▇▇▇▇ Fannie Mae Guaranty.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Cwabs Inc Asset Backed Certificates Series 2004-7)
Rights of the Guarantor. In addition to the specific rights of the Guarantor identified in this Agreement but subject to the provisions of Section 8.01(iii) and Section 8.02(a)(ix), the Guarantor shall have the right to direct the Trustee relating to the exercise of any remedy available to the Trustee or to the exercise of any power conferred on the Trustee pursuant to this Agreement. Notwithstanding anything to the contrary anywhere in this Agreement, all rights of the Guarantor hereunder, except any rights to indemnification, shall permanently terminate upon the later to occur of (A) such time as the Guaranteed Certificates shall no longer be outstanding and (B) the payment in full to the Guarantor of any amounts owed to the Guarantor in respect of the ▇▇▇▇▇Fannie Mae Guaranty; provided tha▇ ▇▇▇ Guaranty; provided that the Guarantor G▇▇▇antor shall not have any rights hereunder, except indemnification rights, so long as any default has occurred and is continuing under the ▇▇▇▇▇▇ Fannie Mae Guaranty.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset-Backed Certificate Series 2003-2)