Insurer Provisions. (a) Notwithstanding anything to the contrary herein, if a Financial Guaranty Insurance Policy (hereinafter the "Policy") issued by MBIA Insurance Corporation (the "Insurer") is in effect with respect to any Debt Securities and the Insurer is not in default with respect to its obligations under the Policy, the Insurer shall be deemed a Lender for all purposes of this Agreement and shall possess the same rights, in all respects, as any Lender under this Agreement for such time as the Policy is in effect and the Insurer shall possess the exclusive right to exercise or direct the exercise of the rights of all Lenders in accordance with the terms of this Agreement.
Insurer Provisions. (a) The Insurer is not a party to this Assignment or to the Agreement. (b) The Insurer shall have no duty or obligation to inquire into or investigate the reason, validity, or accuracy of the Corporation's request to exercise any of its rights granted to it under Section 3 of this Assignment, or whether the Owner has notice of any such exercise. The Insurer may treat any such request by the Corporation as an affirmation that the request conforms to and is not inconsistent with the provisions of this Assignment and with the Agreement, and it is thereby authorized to act upon such requests.
Insurer Provisions. (a) Notwithstanding anything to the contrary herein, if a Policy issued by an Insurer is in effect with respect to any Debt Securities and the Insurer is not in default with respect to its obligations under the Policy, this Agreement shall be amended in writing signed by all parties hereto so that such Insurer shall become a party to this Agreement, and the Insurer shall be deemed a Lender for all purposes of this Agreement and shall possess the same rights, in all respects, as any Lender under this Agreement for such time as the Policy is in effect and the Insurer shall possess the exclusive right to exercise or direct the exercise of the rights of all Lenders in accordance with the terms of this Agreement as so amended.
Insurer Provisions. Notwithstanding anything to the contrary in the Agreement, the following provisions shall apply to any Transactions to which the Swap Policy issued by MBIA Insurance Corporation (“Insurer”), for the account of Party B, as principal, and for the benefit of Party A, as beneficiary, relates (“Insured Transactions”).
Insurer Provisions. Notwithstanding anything to the contrary in the Agreement, the following provisions shall apply to any Transactions to which the Swap Policy issued by Financial Guaranty Insurance Company, a New York stock insurance company (“Insurer”), for the account of Party B, as principal, and for the benefit of Party A, as beneficiary, relates (“Insured Transactions”).
Insurer Provisions. (a) Notwithstanding anything to the contrary herein, if a Policy issued by an Insurer is in effect with respect to any Debt Securities and the Insurer is not in default with respect to its obligations under the Policy, the Insurer shall be deemed a Lender for all purposes of this Agreement and shall possess the same rights, in all respects, as any Lender under this Agreement for such time as the Policy is in effect and the Insurer shall possess the exclusive right to exercise or direct the exercise of the rights of all Lenders in accordance with the terms of this Agreement.
Insurer Provisions. The following provisions shall apply to any Transaction to which the Swap Insurance Policy issued by (“Insurer”), as Credit Support Provider, to the account of Party B, as principal, and for the benefit of Party A, as beneficiary (the “Swap Insurance Policy”), relates (the “Insured Transactions”).
Insurer Provisions. Notwithstanding anything to the contrary, the following terms and provisions shall control.
Insurer Provisions. (a) The County hereby agrees that is shall have no right to any benefits of, or payments under, the Policy. In accordance with the foregoing, the County hereby waives all rights it may have under the Policy, including without limitation, any rights that the County may have obtained or been granted as the result of it being subrogated to or assigned the rights of any Bondholder pursuant to the terms of this Guaranty Agreement, any other Security Document or at law or in equity.
Insurer Provisions
