Common use of Surety Wrap Clause in Contracts

Surety Wrap. The Class A Certificates will have the benefit of an insurance guarantee with respect to the timely payment of interest and the ultimate payment of principal issued by MBIA. MBIA will also guarantee the final scheduled payment date of the Class A-1 2a-7

Appears in 1 contract

Sources: Home Equity Loan Trust Agreement (Contisecurities Asset Funding Corp)

Surety Wrap. The Class A Certificates will have the benefit of an insurance guarantee with respect to the timely payment of interest (including any swap payments) and the ultimate payment of principal issued by MBIA. MBIA will also guarantee the final scheduled payment date of the Class A-1 A-11 2a-7

Appears in 1 contract

Sources: Home Equity Loan Trust Agreement (Contisecurities Asset Funding Corp)