Authorization; Approvals. All proceedings legally required for the issuance of the Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies have been obtained; any proceeding not taken and any license, authorization or approvals not obtained are not material to the enforceability of the Policies.
Appears in 5 contracts
Sources: Insurance and Indemnity Agreement (Ikon Receivables LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC)
Authorization; Approvals. All proceedings legally required for the issuance execution of the Policies and the execution, issuance, delivery and performance of the Policies and this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Note Insurer's ’s Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies and this Insurance Agreement have been obtained; any proceeding not taken and any license, authorization obtained or approvals not obtained are not material to the enforceability of the PoliciesPolicies and this Insurance Agreement.
Appears in 4 contracts
Sources: Insurance Agreement (Capital One Auto Receivables LLC), Insurance Agreement (Capital One Auto Finance Trust 2005-D), Insurance Agreement (Capital One Auto Receivables LLC)
Authorization; Approvals. All proceedings Proceedings legally required for the issuance and execution of the Policies Certificate Insurance Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Certificate Insurance Policy and the conduct by the Certificate Insurer of the business and activities contemplated by the Transaction have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesCertificate Insurance Policy.
Appears in 3 contracts
Sources: Insurance and Indemnity Agreement (Bayview Financial Mortage Pass-Through Trust 2005-D), Insurance and Indemnity Agreement (Bayview Financial Mortgage Pass-Through Certificates, Series 2005-B), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc4)
Authorization; Approvals. All proceedings legally required for the issuance of the Policies Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy have been obtained; any proceeding not taken and any license, authorization or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 2 contracts
Sources: Insurance and Indemnity Agreement (Ikon Receivables Funding LLC), Insurance and Indemnity Agreement (Ikon Receivables LLC)
Authorization; Approvals. All proceedings legally required for the issuance of the Policies Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 2 contracts
Sources: Insurance and Indemnity Agreement (Origen Manufactured Housing Contract Trust Collateralized Notes, Series 2006-A), Insurance and Indemnity Agreement (Origen Residential Securities, Inc.)
Authorization; Approvals. All proceedings legally required for the issuance of the Policies and the execution, issuance (with respect to the Policy only) delivery and performance of the Policy and this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Note Insurer's ’s Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy and this Insurance Agreement have been obtained; any proceeding not taken and any license, authorization obtained or approvals not obtained are not material to the enforceability of the PoliciesPolicy and this Insurance Agreement.
Appears in 2 contracts
Sources: Insurance Agreement (Capital One Auto Finance Trust 2005-A), Insurance Agreement (Capital One Auto Finance Trust 2004-A)
Authorization; Approvals. All proceedings legally required for the issuance of the Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board board of Directors directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies have been obtained; any proceeding not taken and any license, authorization obtained or approvals not obtained are not material to the enforceability of the Policies.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (Universal Compression Inc)
Authorization; Approvals. All proceedings legally required for the issuance and execution, delivery and performance of the Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies Government Entity legally required for the enforceability of the Policies have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are do not material to affect the enforceability of the Policies.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (Continental Airlines Inc /De/)
Authorization; Approvals. All proceedings legally required for the issuance of the Policies and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board ’s board of Directors directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies have been obtained; any proceeding not taken and any license, authorization obtained or approvals not obtained are not material to the enforceability of the Policies.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (Universal Compression Holdings Inc)
Authorization; Approvals. All proceedings legally required for the issuance issuance, execution, delivery and performance of the Policies Policy and the execution, delivery and performance of this Insurance Agreement and the other Operative Documents to which the Policy Provider is a party have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies Government Entities legally required for the enforceability of the Policies Policy have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (Continental Airlines Inc /De/)
Authorization; Approvals. All proceedings Proceedings legally required for the issuance and execution of the Policies Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy and the conduct by the Note Insurer of the business and activities contemplated by the Transaction have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (Greenpoint Mortgage Funding Trust 2006-He1)
Authorization; Approvals. All proceedings Proceedings legally required for the issuance of the Policies Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Note Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (Residential Asset Funding Corp)
Authorization; Approvals. All proceedings Proceedings legally required for the issuance and execution of the Policies Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy and the conduct by the Class IIA Certificate Insurer of the business and activities contemplated by the Transaction have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 1 contract
Authorization; Approvals. All proceedings Proceedings legally required for the issuance of the Policies Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's ’s Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (Indymac MBS Inc)
Authorization; Approvals. All proceedings Proceedings legally required for the issuance and execution of the Policies Policy and the execution, delivery and performance of this Insurance Agreement have been taken and all licenses, orders, consents or other authorizations or approvals of the Insurer's Board of Directors or stockholders or any governmental boards or bodies legally required for the enforceability of the Policies Policy and the conduct by the Certificate Insurer of the business and activities contemplated by the Transaction have been obtained; any proceeding proceedings not taken and any licenselicenses, authorization authorizations or approvals not obtained are not material to the enforceability of the PoliciesPolicy.
Appears in 1 contract
Sources: Insurance and Indemnity Agreement (American Business Financial Services Inc /De/)