Rights of the NIMS Insurer. (a) Each of the rights of the NIMS Insurer set forth in this Agreement shall exist so long as the Insured NIM Notes remain outstanding; provided, however, the NIMS Insurer shall not have any rights hereunder (except as provided in Section 9.01) so long as any NIMS Insurer Default is continuing.
Appears in 44 contracts
Samples: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2005-2 Asset-Backed Certificates, Series 2005-2), Pooling and Servicing Agreement (Long Beach Sec Corp Asset Backed Certs Ser 2004-1), Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2006-4)
Rights of the NIMS Insurer. (a) Each of the rights of the NIMS Insurer set forth in this Agreement shall exist only so long as the Insured NIM Notes Securities are issued and remain outstanding; provided, however, outstanding or the NIMS Insurer shall not have any rights hereunder (except as provided is owed amounts in Section 9.01) so long as any NIMS Insurer Default is continuingrespect of its guarantee of payment on such NIM Securities.
Appears in 12 contracts
Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2003-Bc2), Trust Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1)
Rights of the NIMS Insurer. (a) Each of the rights of the NIMS Insurer set forth in this Agreement shall exist so long as the Insured NIM Notes notes issued pursuant to the Indenture remain outstandingoutstanding or the NIMS Insurer is owed amounts in respect of its guarantee of payment on such notes; provided, however, the NIMS Insurer shall not have any rights hereunder (except as provided in Section 9.01) so long as any default has occurred and is continuing under the insurance policy issued by the NIMS Insurer Default is continuingwith respect to such notes.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Eqcc Receivables Corp), Pooling and Servicing Agreement (Eqcc Receivables Corp)
Rights of the NIMS Insurer. (a) Each of the rights of the NIMS Insurer set forth in this Agreement shall exist only so long as the Insured NIM Notes Securities remain outstanding; provided, however, outstanding or the NIMS Insurer shall not have any rights hereunder (except as provided is owed amounts in Section 9.01) so long as any NIMS Insurer Default is continuingrespect of its guarantee of payment on such NIM Securities.
Appears in 1 contract
Samples: Trust Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2001-Bc5)
Rights of the NIMS Insurer. (a) Each of the rights of the NIMS Insurer Insurer, if any, set forth in this Agreement shall exist so long as the Insured NIM Notes remain outstanding; provided, however, the NIMS Insurer shall not have any rights hereunder (except as provided in Section 9.01) so long as any NIMS Insurer Default is continuing.
Appears in 1 contract
