Common use of Assignments; Reinsurance; Third-Party Rights Clause in Contracts

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor the Depositor may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 4 contracts

Samples: Insurance Agreement (First Investors Financial Services Group Inc), Insurance Agreement (First Investors Financial Services Group Inc), Insurance Agreement (First Investors Financial Services Group Inc)

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Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Issuer, the Master Servicer, the Eligible Lender Trustee, the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor Administrator or the Depositor may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 4 contracts

Samples: Insurance Agreement (Keycorp Student Loan Trust 2000-B), Insurance Agreement (Keycorp Student Loan Trust 2000-A), Insurance Agreement (Keycorp Student Loan Trust 2003-A)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor the Depositor The Issuer may not assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any ; any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 2 contracts

Samples: Insurance Agreement (Hertz Corp), Insurance Agreement (Hertz Corp)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of The Seller, the Sponsor, the Servicer, the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor Subservicer and the Depositor may not assign its their respective rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A), Insurance and Indemnity Agreement (Origen Residential Securities, Inc.)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor The Seller and the Depositor may not assign its any of their respective rights under this Insurance Agreement, or delegate any of its their respective duties hereunder, without the prior written consent of the Certificate Insurer, which consent shall not be unreasonably withheld. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B), Insurance and Indemnity Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance and Indemnity Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the ServicerAdministrator, FMC or the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor the Depositor Issuer may assign its rights under this Insurance and Indemnity Agreement, or delegate any of its duties hereunder, without the prior written consent of the Note Insurer. Any assignment assignments made in violation of this Insurance and Indemnity Agreement shall be null and void.

Appears in 2 contracts

Samples: Insurance and Indemnity Agreement (National Collegiate Student Loan Trust 2007-3), Insurance and Indemnity Agreement (National Collegiate Student Loan Trust 2007-4)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture TrusteeCollateral Agent, the Back-up ServicerSecurities Intermediary, the SellerSellers, the Issuer, Custodian or the Owner Trustee nor the Depositor Debtor may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance Agreement (Americredit Corp)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, the Back-up ServicerOriginator, the Seller, the Issuer, the Owner Indenture Trustee nor or the Depositor Backup Servicer may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance Agreement (Santander Drive Auto Receivables Trust 2007-1)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee Neither IndyMac nor the Depositor may assign its any of their respective rights under this Insurance AgreementAgreement or the Policy, or delegate any of its their respective duties hereunderhereunder or thereunder, without the prior written consent of the Insurer, which consent shall not be unreasonably withheld, delayed or conditioned. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Indymac MBS Inc)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture Trustee, the Back-up Servicer, the The Seller, the Issuer, the Owner Trustee nor Xxxxx Fargo and the Depositor may not assign its any of their respective rights under this Insurance Agreement, or delegate any of its their respective duties hereunder, without the prior written consent of the Class IIA Certificate Insurer, which consent shall not be unreasonably withheld. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (AEGIS ASSET BACKED SECURITIES TRUST Mortgage Pass-Through Certificates, Series 2004-5)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of UACC, the Servicer, the Indenture Trustee, the Back-up Collateral Agent, the Trust Collateral Agent, the Backup Servicer, the Seller, Seller or the Issuer, the Owner Trustee nor the Depositor Trust may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer, except to a successor or assign that is permitted by the Indenture. Any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance Agreement (UPFC Auto Receivables Corp.)

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Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None Each of the ServicerSponsor, the Indenture Trustee, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor Issuer and the Depositor and the Servicer may not assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer, which consent shall not be unreasonably withheld. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Greenpoint Mortgage Funding Trust 2006-He1)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Sellers, the Servicer, the Indenture Trustee, Depositor or the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor the Depositor may assign its any of their respective rights under this Insurance AgreementAgreement or any other Operative Document, or delegate any of its their respective duties hereunderhereunder or thereunder, without the prior written consent of the Certificate Insurer. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (American Business Financial Services Inc /De/)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None The Subordination Agent and, except for any transaction expressly permitted by Section 5.02 of the ServicerTrust Agreement, the Indenture TrusteeAmerican, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor the Depositor may not assign its their respective rights under this Insurance Agreement, or delegate any of its their duties hereunder, without the prior written consent of the Insurerother parties hereto. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (American Airlines Inc)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None The Subordination Agent, except for any transaction expressly permitted by Section 8.1 of the ServicerIntercreditor Agreement, and, except for any transaction expressly permitted by Section 4.07 of the Indenture TrusteeTrust Indenture, the Back-up Servicer, the Seller, the Issuer, the Owner Trustee nor the Depositor JetBlue may not assign its their respective rights under this Insurance Agreement, or delegate any of its their duties hereunder, without the prior written consent of the Insurerother parties hereto. Any assignment assignments made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance and Indemnity Agreement (Jetblue Airways Corp)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture TrusteeOriginator, the Back-up ServicerAdministrative Agent, the SellerCollateral Agent, the Issuer, Standby Servicer or the Owner Trustee nor the Depositor Borrower may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the InsurerSurety Provider. Any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance Agreement (Financial Pacific Co)

Assignments; Reinsurance; Third-Party Rights. (a) This Insurance Agreement shall be a continuing obligation of the parties hereto and shall be binding upon and inure to the benefit of the parties hereto and their respective successors and permitted assigns. None of the Servicer, the Indenture TrusteeCollateral Agent, the Back-up Backup Servicer, the SellerSecurities Intermediary, the IssuerSellers, the Owner Trustee nor Custodian or the Depositor Debtor may assign its rights under this Insurance Agreement, or delegate any of its duties hereunder, without the prior written consent of the Insurer. Any assignment made in violation of this Insurance Agreement shall be null and void.

Appears in 1 contract

Samples: Insurance Agreement (Americredit Corp)

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