CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 13.1. Rights of the Certificate Insurer to Exercise Rights of the Owners of the Class A Certificates. By accepting its Certificate, each Owner of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall be deemed to be the Class A Certificateholders for all purposes (other than with respect to payment on the Class A Certificates) and will be entitled to exercise all rights of the Class A Certificateholders under this Agreement. In addition, each Owner of a Class A Certificate agrees that, unless a Certificate Insurer Default exists, the rights specifically set forth above may be exercised by the Owners of Class A Certificates only with the prior written consent of the Certificate Insurer.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Access Financial Lending Corp), Pooling and Servicing Agreement (Home Equity Securitization Corp), Pooling and Servicing Agreement (Access Financial Lending Corp)
CERTAIN MATTERS REGARDING THE CERTIFICATE INSURER. Section 13.1. Rights of the Certificate Insurer to Exercise Rights of the Owners of the Class A Certificates. By accepting its Certificate, each Owner of a Class A Certificate agrees that unless a Certificate Insurer Default exists, the Certificate Insurer shall be deemed to be the Class A Certificateholders for all purposes (other than with respect to payment on the Class A Certificates) and will be entitled to exercise all rights of the Class A Certificateholders under this Agreement. In addition, each Owner of a Class A Certificate agrees that, unless a Certificate Insurer Default exists, the rights specifically set forth above may be exercised by the Owners of Class A Certificates only with the prior written consent of the Certificate Insurer.. 162
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Access Financial Lending Corp)
