Common use of Xxxxxxx xx Xxxxxxx Clause in Contracts

Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas reasonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 33 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-12 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-1 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar14 Trust)

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Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas xr has reasonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 6 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-16 Trust), Servicing Agreement (Wells Fargo Alternative Loan 2007-Pa4 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar9 Trust)

Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas xxs reasonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 6 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-18 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar3 Trust), Servicing Agreement (Wells Fargo Alternative Loan 2007-Pa5 Trust)

Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas has reasonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 2 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar15 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar13 Trust)

Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas reasonable xxx xxxxonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar8 Trust)

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Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas reasonable xxx xeasonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar18 Trust)

Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas xxxxs or has reasonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 1 contract

Samples: Master Guarantee Agreement (Wells Fargo Asset Securities Corp)

Xxxxxxx xx Xxxxxxx. Xx xxx Xxxxxxxx xxxxx xx xas reasonable xxx xxxsonable cause to suspect that an insurer under any applicable insurance policy required pursuant to the provisions of this Article will, for any reason, be unable to pay a valid claim, the Servicer shall immediately (i) find a substitute insurer and (ii) pay any premiums to the insurer. In any case, the Servicer shall not be liable in any way for the financial inability of any insurer under any insurance policy required herein to pay a valid claim so long as the provisions of Article 15 and 16 hereof are complied with.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar5 Trust)

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