Common use of Note Insurer Default Clause in Contracts

Note Insurer Default. Any right conferred to the Note Insurer shall be suspended during any period in which a Note Insurer Default exists. At such time as the Notes are no longer Outstanding under this Indenture, and no amounts owed to the Note Insurer under the Basic Documents remain unpaid, the Note Insurer's rights under this Indenture shall terminate.

Note Insurer Default. Any right conferred to the Note Insurer shall be suspended during any period in which a Note Insurer Default existsexists other than its right to receive Reimbursement Amounts and to consent to amendments. At such time as the Notes are no longer Outstanding under this Indenture, and no amounts owed to the Note Insurer under the Basic Documents remain unpaid, the Note Insurer's ’s rights under this Indenture shall terminate.

Note Insurer Default. Any right conferred to the Note Insurer shall be suspended during any period in which a Note Insurer Default exists. At such time as the Notes are no longer Outstanding under this Indenture, the Policy has terminated in accordance with its terms and no amounts owed to the Note Insurer under the Basic Documents and no Reimbursement Amounts remain unpaid, the Note Insurer's rights under this Indenture shall terminate.

Note Insurer Default. Any right conferred to the Note Insurer shall be suspended during any period in which a Note Insurer Default existsexists other than its right to receive Reimbursement Amounts and to consent to amendments. At such time as the Notes are no longer Outstanding under this Indenture, and no amounts owed to the Note Insurer under the Basic Documents remain unpaid, the Note Insurer's rights under this Indenture shall terminate.