Common use of Other Insurance Policies Clause in Contracts

Other Insurance Policies. No action, inaction or event has occurred and no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable, special hazard insurance policy, or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by the Seller or the Originator or by any officer, director, or employee of the Seller or the Originator or any designee of the Seller or the Originator or any corporation in which the Seller or the Originator or any officer, director, or employee had a financial interest at the time of placement of such insurance;

Appears in 5 contracts

Samples: Assignment and Recognition Agreement (MASTR Asset Backed Securities Trust 2006-He2), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc3), Distribution Instructions (MASTR Asset Backed Securities Trust 2005-Nc2)

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Other Insurance Policies. No action, inaction or event has occurred and and, to the best of the Seller's knowledge, no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable, applicable special hazard insurance policy, PMI Policy or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by the Seller or the Originator or by any officer, director, or employee of the Seller or the Originator or any designee of the Seller or the Originator or any corporation in which the Seller or the Originator or any officer, director, or employee had a financial interest at the time of placement of such insurance;

Appears in 4 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-2ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs)

Other Insurance Policies. No action, inaction or event has occurred and and, to the best of the Seller’s knowledge, no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable, applicable special hazard insurance policy, PMI Policy or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by the Seller or the Originator or by any officer, director, or employee of the Seller or the Originator or any designee of the Seller or the Originator or any corporation in which the Seller or the Originator or any officer, director, or employee had a financial interest at the time of placement of such insurance;

Appears in 4 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-12)

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Other Insurance Policies. No action, inaction or event has occurred and and, to the best of the Seller’s knowledge, no state of facts exists or has existed that has resulted or will result in the exclusion from, denial of, or defense to coverage under any applicable, special hazard insurance policy, PMI Policy or bankruptcy bond, irrespective of the cause of such failure of coverage. In connection with the placement of any such insurance, no commission, fee, or other compensation has been or will be received by the Seller or the Originator or by any officer, director, or employee of the Seller or the Originator or any designee of the Seller or the Originator or any corporation in which the Seller or the Originator or any officer, director, or employee had a financial interest at the time of placement of such insurance;

Appears in 4 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-12), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

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