Common use of The Certificate Insurer Clause in Contracts

The Certificate Insurer. The Certificate Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Certificate Insurer shall be suspended during occurrence and continuance of a Certificate Insurer Default. During any period of suspension the Certificate Insurer's rights hereunder shall vest in the Holders of the Class A Certificates and shall be exercisable by the Holders of at least a majority in Percentage Interest of the Class A Certificates then Outstanding or if there are no Class A Certificates then Outstanding, by such Percentage Interest represented by the Class B Certificates then Outstanding. At such time as the Class A Certificates are no longer Outstanding hereunder and the Certificate Insurer has been reimbursed for all Insured Payments to which it is entitled hereunder, the Certificate Insurer's rights hereunder shall terminate.

The Certificate Insurer. The Certificate Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Certificate Insurer shall be suspended during occurrence and the continuance of a Certificate Insurer Default. During any period the continuance of suspension a Certificate Insurer Default the Certificate Insurer's rights hereunder shall vest in the Holders Owners of the Class A Certificates and shall be exercisable by the Holders Owners of at least a majority in Percentage Interest of the Class A Certificates then Outstanding or or, if there are no Class A Certificates then Outstanding, by such Percentage Interest represented by at least a majority of the Class B R Certificates then Outstanding. At such time as the Class A Certificates are no longer Outstanding hereunder and the Certificate Insurer has been reimbursed for all Insured Payments to which it is entitled hereunder, the Certificate Insurer's rights hereunder shall terminate.

The Certificate Insurer. The Certificate Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Certificate Insurer shall be suspended during occurrence and continuance of a Certificate Insurer Default. During any period of suspension the Certificate Insurer's rights hereunder shall vest in the Holders of the Class A Certificates and shall be exercisable by the Holders of at least a majority in Percentage Interest of the Class A Certificates then Outstanding or if there are no Class A Certificates then Outstanding, by such Percentage Interest represented by the Class B Certificates then Outstanding. At such time as the Class A Certificates are no longer Outstanding hereunder and the Certificate Insurer has been reimbursed for 124 all Insured Payments to which it is entitled hereunder, the Certificate Insurer's rights hereunder shall terminate.

The Certificate Insurer. The Certificate Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Certificate Insurer shall be suspended during occurrence and continuance of a Certificate Insurer Default. During any period of suspension the Certificate Insurer's rights hereunder shall vest in the Holders Owners of the Class A Certificates and shall be exercisable by the Holders Owners of at least a majority in Percentage Interest of the Class A Certificates then Outstanding or if there are no Class A 120 Certificates then Outstanding, by such Percentage Interest represented by the Class B Certificates then Outstanding. At such time as the Class A Certificates are no longer Outstanding hereunder and the Certificate Insurer has been reimbursed for all Insured Payments to which it is entitled hereunder, the Certificate Insurer's rights hereunder shall terminate.

The Certificate Insurer. The Certificate Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Certificate Insurer shall be suspended during occurrence and continuance of a any period in which the Certificate Insurer Defaultis in default in its payment obligations under the Certificate Insurance Policy except with respect to amendments to this Agreement pursuant to Section 11.14. During any period of suspension the Certificate Insurer's rights hereunder shall vest in the Holders Owners of the Class A Certificates and shall be exercisable by the Holders Owners of at least a majority in Percentage Interest of the Class A Certificates then Outstanding or if there are no Class A Certificates then Outstanding, by such Percentage Interest represented by the Class B Certificates then Outstanding. At such time as the Class A Certificates are no longer Outstanding hereunder and the Certificate Insurer has been reimbursed for all Insured Payments payments made pursuant to the Certificate Insurance Policy to which it is entitled hereunder, the Certificate Insurer's rights hereunder shall terminate.

The Certificate Insurer. The Certificate Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Certificate Insurer shall be suspended during occurrence and the continuance of a Certificate Insurer Default. During any period the continuance of suspension a Certificate Insurer Default the Certificate Insurer's rights hereunder shall vest in the Holders Owners of the Class A Certificates and shall be exercisable by the Holders Owners of at least a majority in Percentage Interest of the Class A Certificates then Outstanding or or, if there are no Class A Certificates then Outstanding, by such Percentage Interest represented by at least a majority of the Class B Certificates then Outstanding. At such time as the Class A Certificates are no longer Outstanding hereunder and the Certificate Insurer has been reimbursed for all Insured Payments to which it is entitled hereunder, the Certificate Insurer's rights hereunder shall terminate.

The Certificate Insurer. (a) The Certificate Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Certificate Insurer shall be suspended during occurrence and continuance of a Certificate Insurer Default. During any period of suspension the Certificate Insurer's rights hereunder shall vest in the Holders Owners of the Class A Certificates and shall be exercisable by the Holders Owners of at least a majority in Percentage Interest of the Class A Certificates then Outstanding or if there are no Class A Certificates then Outstanding, by such Percentage Interest represented by the Class B Certificates then Outstanding. At such time as the Class A Certificates are no longer Outstanding hereunder and the Certificate Insurer has been reimbursed for all Insured Payments to which it is entitled hereunder, the Certificate Insurer's rights hereunder shall terminate.