Examples of Class A Certificate Insurer in a sentence
The Depositor, the Servicer, the Unaffiliated Seller, the Class A Certificate Insurer and the Trustee and any agent of any of them may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and no such party shall be affected by any notice to the contrary.
The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Trustee and the rights of the Certificateholders under the Agreement at any time by the parties thereto, and Financial Security Assurance Inc., as Class A Certificate Insurer with the consent of the Holders of Certificates affected by such amendment evidencing the requisite Percentage Interest, as provided in the Agreement.
At such time as the Class A Certificates are no longer outstanding hereunder, and no amounts owed to the Class A Certificate Insurer hereunder remain unpaid, the Class A Certificate Insurer's rights hereunder shall terminate.
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The Agreement permits, with certain exceptions therein provided, the amendment thereof and the modification of the rights and obligations of the Trustee and the rights of the Certificateholders under the Agreement at any time by the Depositor, the Servicer, the Trustee and the Class A Certificate Insurer with the consent of the Holders of Certificates affected by such amendment evidencing the requisite Percentage Interest, as provided in the Agreement.
The Agreement also permits the amendment thereof, in certain limited circumstances, with the consent of the Class A Certificate Insurer, but without the consent of the Holders of any of the Certificates.
Any out-of-pocket expense of the Servicer incident to the exercise by the Depositor, the Unaffiliated Seller, the Class A Certificate Insurer or the Trustee of any right under this Section 10.09 shall be borne by the Servicer.
The Depositor hereby represents and warrants to the Trustee and to the Class A Certificate Insurer with respect to each Mortgage Loan as of the date hereof or such other date set forth herein that as of the related Delivery Date, and following the transfer of the Mortgage Loans to it by the Unaffiliated Seller, the Depositor had good title to the Mortgage Loans and the Mortgage Notes were subject to no offsets, defenses or counterclaims.
The Depositor for the benefit of the Certificateholders and of the Class A Certificate Insurer shall, to the extent consistent with this Agreement, take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in the Trust Fund, such security interest would be deemed to be a perfected security interest of first priority under applicable law and will be maintained as such throughout the term of the Agreement.
The Depositor, the Class A Certificate Insurer, the Servicer and the predecessor trustee shall execute and deliver such instruments and do such other things as may reasonably be required for more fully and certainly vesting and confirming in the successor trustee all such rights, powers, duties, and obligations.