Spector Sample Clauses

Spector. The Txxxxxx xxxxx xxxrender the Class A-4 Policy, Class A-11 Policy, Class A-12 Policy and Class A-13 Policy, as appropriate, to Financial Security for cancellation upon the expiration of the respective terms of such Policies as provided in such Policies. The Trustee shall send to Financial Security the reports prepared pursuant to Sections 3.16 and 3.17 and the statements prepared pursuant to Section 4.06, as well as any other statements or communications sent to Holders of the Class A-4, Class A-11, Class A-12 or Class A-13 Certificates, in each case at the same time such reports, statements and communications are otherwise sent. For so long as there is no default by Financial Security under its obligations under the Class A-4 Policy, Class A-11 Policy, Class A-12 Policy or Class A-13 Policy (a "Financial Security Default"), Financial Security shall be treated by the Depositor and the Trustee as if Financial Security were the Holder of all of the Class A-4, Class A-11, Class A-12 or Class A-13 Certificates, as applicable, for the purpose (and solely for the purpose) of the giving of any consent, the making of any direction or the exercise of any voting or other control rights otherwise given to the Class A-4, Class A-11, Class A-12 or Class A-13 Certificateholders hereunder.
Sample 1
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Related to Spector

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