Reinsurance Treaties and Arrangements. All reinsurance treaties and arrangements to which Ambac Assurance Corporation, a Wisconsin stock insurance corporation and a wholly owned subsidiary of the Company (“Ambac Assurance”), is a party are in full force and effect and Ambac Assurance is not in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except to the extent that any such violation or default would not have, singly or in the aggregate with all such other violations or defaults, a Material Adverse Effect; Ambac Assurance has not received any notice from any of the other parties to such treaties, contracts or agreements that such other party intends not to perform in any material respect such treaty, contract or agreement, and, to the best knowledge of the Company, Ambac Assurance has no reason to believe that any of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement.
Reinsurance Treaties and Arrangements. All reinsurance treaties, facultative agreements and other arrangements to which RAM Re is a party are in full force and effect and neither the Company nor RAM Re is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except to the extent that any such violation or default would not result in, individually or in the aggregate, a Material Adverse Change. Other than as disclosed in the Prospectus with respect to annual termination notices, neither the Company nor RAM Re has received notice from any of the parties to such treaties, contracts or agreements that such other party intends not to perform in any material respect such treaty, contract or agreement.
Reinsurance Treaties and Arrangements. All reinsurance treaties, agreements, contracts and arrangements to which any Insurance Subsidiary is a party are in full force and effect and no Insurance Subsidiary is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein; no Insurance Subsidiary has received any notice from any of the other parties to such treaties, agreements, contracts or arrangements that such other party intends not to perform pursuant thereto and the Company and the Insurance Subsidiaries have no reasonable basis to believe that any of the other parties to such treaties, agreements, contracts or arrangements will be unable to perform pursuant thereto except to the extent adequately and properly reserved for in the consolidated financial statements of the Company included in the Prospectus, except where such violation, default or inability to perform would not, individually or in the aggregate, have a Material Adverse Effect.
Reinsurance Treaties and Arrangements. All reinsurance treaties and arrangements to which Ambac Assurance is a party are in full force and effect and Ambac Assurance is not in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except to the extent that any such violation or default would not, individually or in the aggregate with all such other violations or defaults, be reasonably likely to have a Material Adverse Effect; Ambac Assurance has not received any notice from any of the other parties to such treaties, contracts or agreements that such other party intends not to perform in any material respect such treaty, contract or agreement, and, to the best knowledge of the Company, Ambac Assurance has no reason to believe that any of the other parties to such treaties or arrangements will be unable to perform such treaty, contract or arrangement.
Reinsurance Treaties and Arrangements. All reinsurance treaties and arrangements to which MBIA Insurance Corporation (“MBIA Insurance”) is a party are in full force and effect, and MBIA Insurance is not in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except to the extent that any such violation or default would not, singly or in the aggregate with all such other violations or defaults, have a material adverse effect on the condition, financial or otherwise, results of operations, business or prospects of MBIA Insurance; MBIA Insurance has not received any notice from any of the other parties to such treaties, contracts or agreements that such other party intends not to perform in any material respect such treaty, contract or agreement, and, to the best of its knowledge, MBIA Insurance has no reason to believe that any of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement.
Reinsurance Treaties and Arrangements. Except as otherwise described in the Offering Memorandum, all reinsurance treaties and arrangements to which Radian Asset is a party are in full force and effect, and Radian Asset is not in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except to the extent that any such violation or default would not, singly or in the aggregate with all such other violations or defaults, have a material adverse effect on the condition, financial or otherwise, results of operations, business or prospects of Radian Asset; Radian Asset has not received any notice from any of the other parties to such treaties, contracts or agreements that such other party intends not to perform in any material respect such treaty, contract or agreement, and, to the best of its knowledge, Radian Asset has no reason to believe that any of the other parties to such treaties or arrangements will be unable to perform such treaty or arrangement.
Reinsurance Treaties and Arrangements. Except as otherwise disclosed in the Prospectus or the Incorporated Documents, all reinsurance treaties and arrangements to which the Company or any of its subsidiaries is a party are in full force and effect and neither the Company nor any of its subsidiaries is in violation of, or in default in the performance, observance or fulfillment of, any obligation, agreement, covenant or condition contained therein, except to the extent that any such violation or default would not have, individually or in the aggregate, a Material Adverse Change; neither the Company nor any of its subsidiaries has received notice from any of the parties to such treaties, contracts or agreements that such other party intends not to perform in any material respect such treaty, contract or agreement.
