THE INSURER. The Insurer shall be bound only by the provisions of and endorsements on the Policy. The copy of this Agreement filed with the Insurer shall constitute directives of the Owner to the Insurer and any payments made or actions taken by it in accordance therewith shall fully discharge Insurer from all claims, suits and demands of all persons whatsoever. Insurer shall in no way be bound by the provisions of this Agreement.
THE INSURER. The Insurer is a third-party beneficiary of this Agreement. Any right conferred to the Insurer shall be suspended during any period in which the Insurer is in default in its payment obligations under the Policy except with respect to amendments to this Agreement pursuant to Section 7.13. During any period of suspension the Insurer's rights hereunder shall vest in the Noteholders of the Notes and shall be exercisable by the Noteholders of at least a majority in Percentage Interest of the Notes then Outstanding. At such time as the Notes are no longer Outstanding hereunder and the Insurer has been reimbursed for all payments made pursuant to the Policy to which it is entitled hereunder, the Insurer's rights hereunder shall terminate. Except at such time as an Insurer Default has occurred and is continuing, the Insurer shall be deemed the 100% Noteholder for purposes of all voting rights, consents, directions, notices and waivers hereunder.
THE INSURER. The Insurer shall be bound only by the provisions of and endorsements of the Policy, and any payments made or actions taken by it in accordance therewith shall fully discharge it from all claims, suits and demands of all persons whatsoever. It shall in no way be bound by or be deemed to have notice of the provisions of this Plan.
THE INSURER. The Insurer means the Legal Practitioners' Liability Committee established under the Act.
THE INSURER. Grievance Procedures must comply with the minimum standards for prompt resolution of grievances and time frames set forth in 45 CFR 438.400-424.
THE INSURER. Each Insurer shall be bound only by the provisions of the Policy issued by that Insurer. Any payments made or actions taken by the Insurer in accordance with the Policy shall fully discharge the Insurer from liability. The Insurer shall not be bound by or deemed to have notice of the provisions of this Agreement.
THE INSURER. To the extent permitted by law and so long as Ambac is in compliance with its obligations under its Financial Guaranty Insurance Policy No. 20300BE (the "Financial Guaranty Insurance Policy"), the Financial Guaranty Insurance Policy is in full force and effect and Ambac is not subject to any bankruptcy, insolvency or similar proceedings:
THE INSURER. 3. The Insurer's status is as follows and the Insurer will notify the Bank immediately of any change in the Insurer's status. STATE OF INCORPORATION: TAX I.D. NUMBER:
THE INSURER. The Insurer hereby represents and warrants that (i) it is a Wisconsin stock insurance corporation, duly organized, validly existing and in good standing under the laws of the jurisdiction of its organization and has all requisite corporate power and authority to enter into and perform its obligations under this Agreement and (ii) the execution, delivery and performance by it of this Agreement have been duly authorized by all necessary corporate action on its part.