Payment of Fees and Premium. (a) In consideration of the issuance by the Insurer of the Policy, the Insurer shall be entitled to receive a premium (the “Premium”) in accordance with the terms of the Commitment. The Premium shall be calculated according to paragraph 1 of the Commitment. The Premium paid hereunder shall be nonrefundable without regard to whether the Insurer makes any payment under the Policy or any other circumstances relating to the Insured Certificates or provision being made for payment of the Insured Certificates prior to maturity. The Trustee shall make all payments of Premium to be made by it pursuant to the Trust Agreement by wire transfer to an account designated by the Insurer by written notice to the Trustee.
Appears in 6 contracts
Samples: Insurance Agreement (Structured Asset Securities Corp Mo Pa Th Ce Ser 2003-25xs), Insurance Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc10), Insurance Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 28xs)
Payment of Fees and Premium. (a) In consideration of the issuance by the Insurer of the Policy, the Insurer shall be entitled to receive a premium (the “"Premium”") in accordance with the terms of the Commitment. The Premium shall be calculated according to paragraph 1 of the Commitment. The Premium paid hereunder shall be nonrefundable without regard to whether the Insurer makes any payment under the Policy or any other circumstances relating to the Insured Certificates or provision being made for payment of the Insured Certificates prior to maturity. The Trustee shall make all payments of Premium to be made by it pursuant to the Trust Agreement by wire transfer to an account designated by the Insurer by written notice to the Trustee.
Appears in 3 contracts
Samples: Insurance Agreement (Amortizing Residential Collateral Trust, Series 2004-1), Insurance Agreement (Structured Asset Sec Corp Mmort Pass THR Cert Ser 2001-13), Insurance Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 01 1)
Payment of Fees and Premium. (a) In consideration of the issuance by the Insurer of the Policy, the Insurer shall be entitled to receive a premium (the “"Premium”") in accordance with the terms of the Commitment. The Premium shall be calculated according to paragraph 1 of the Commitment. The Premium paid hereunder shall be nonrefundable without regard to whether the Insurer makes any payment under the Policy or any other circumstances relating to the Insured Certificates or provision being made for payment of the Insured Certificates prior to maturity. The Trustee shall make all payments of Premium to be made by it pursuant to the Trust Agreement by wire transfer to an account designated by the Insurer by written notice to the Trustee.
Appears in 1 contract
Samples: Insurance Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 1999 1)
