Mortgage Guaranty Sample Clauses

Mortgage Guaranty. Insurance Corporation shall fail to provide to CHL any information required to be provided pursuant to Section 2(b) of the Item 1114 Agreement, dated as of November 7, 2006, between CHL, the Depositor, CWMBS, Inc., CWALT, Inc., CWHEQ, Inc. and Mortgage Guaranty Insurance Corporation, within the time period required by such agreement, or (b) United Guaranty Mortgage Indemnity Company shall fail to provide to CHL any information reasonably requested by CHL for the purposes of compliance with Item 1114 of Regulation AB, then the Co-Trustee shall act at the written direction of the Depositor as to whether to terminate the applicable Mortgage Insurance Policy; provided, however, that the Co-Trustee shall provide written notice to each Rating Agency of any such termination. Upon the termination of such Mortgage Insurance Policy under the circumstances contemplated by this paragraph, CHL shall assist the Co-Trustee in procuring a replacement mortgage insurance policy that meets the criteria for a replacement mortgage insurance policy specified in the preceding paragraph.
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Mortgage Guaranty. Prior to the Closing, Owner shall use commercially reasonable efforts to procure the release of the DAS and NEF from all guarantees, indemnities, comfort letters, securities or other arrangements given by any of them in respect of JTS Realty Investment Company, LLC, as expressly set forth in the JTS Mortgage.
Sample 1
Mortgage Guaranty. Prior to the Closing, Owner shall use commercially reasonable efforts to procure the release of the Company and North East Fleet Services, Inc. from all guarantees, indemnities, comfort letters, securities or other arrangements given by any of them in respect of JTS Realty Investment Company, LLC, as expressly set forth in the JTS Mortgage.
Sample 1
Mortgage Guaranty. Insurance Corporation shall fail to provide to CHL any information required to be provided pursuant to Section 2(b) of the Item 1114 Agreement, dated as of November 7, 2006, between CHL, the Depositor, CWMBS, Inc., CWALT, Inc., CWHEQ, Inc. and Mortgage Guaranty Insurance Corporation, within the time period required by such agreement, (b) United Guaranty Mortgage Indemnity Company shall fail to provide to CHL any information reasonably requested by CHL for the purposes of compliance with Item 1114 of Regulation AB or (c) Republic Mortgage Insurance Company shall fail to provide to CHL any information required to be provided pursuant to 125
Sample 1

Related to Mortgage Guaranty

  • Guaranty Each Guarantor hereby absolutely and unconditionally, jointly and severally guarantees, as primary obligor and as a guaranty of payment and performance and not merely as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or otherwise, and at all times thereafter, of any and all Secured Obligations (for each Guarantor, subject to the proviso in this sentence, its “Guaranteed Obligations”); provided that (a) the Guaranteed Obligations of a Guarantor shall exclude any Excluded Swap Obligations with respect to such Guarantor and (b) the liability of each Guarantor individually with respect to this Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness, obligations, and liabilities, or portion thereof, which may be or hereafter become unenforceable or compromised or shall be an allowed or disallowed claim under any proceeding or case commenced by or against any debtor under any Debtor Relief Laws. The Administrative Agent’s books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding upon each Guarantor, and conclusive for the purpose of establishing the amount of the Secured Obligations. This Guaranty shall not be affected by the genuineness, validity, regularity or enforceability of the Secured Obligations or any instrument or agreement evidencing any Secured Obligations, or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance relating to the Secured Obligations which might otherwise constitute a defense to the obligations of the Guarantors, or any of them, under this Guaranty, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

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