Common use of Pool Policy Clause in Contracts

Pool Policy. The Servicer shall prepare and file on a timely basis with the Pool Insurer, with a copy to the Trustee, all claims which may be made under the Pool Policy with respect to the Covered Mortgage Loans. The Servicer shall take all actions required under the Pool Policy as a condition to the payment of any such claim. The Trustee shall withdraw from the Distribution Account on each Distribution Date and pay to the Pool Insurer the Pool Insurer Fee.

Pool Policy. The Servicer shall prepare and file on a timely basis with the Pool Insurer, with a copy to the Trustee, all claims which may be made under the Pool Policy with respect to the Covered covered Mortgage Loans. The Servicer shall enforce the obligations of the Servicer to take all actions required under the Pool Policy as a condition to the payment of any such claim. The Trustee shall withdraw from agrees to hold the Distribution Account on each Distribution Date and pay Pool Policy, substantially in the form attached as Exhibit O hereto. Upon termination of the Trust Fund pursuant to Section 10.01 or expiration of the Pool Policy, the Trustee will return the Pool Policy to the Pool Insurer the Pool Insurer FeeInsurer.