NIMS Insurer definition

NIMS Insurer. Any insurer that is guaranteeing certain payments under notes secured by collateral which includes, among other things, all or a portion of the Class CE Certificates, the Class P Certificates and/or the Residual Certificates.

NIMS Insurer. As defined in the eleventh Recital to this Agreement.

NIMS Insurer. One or more insurers issuing financial guaranty insurance policies in connection with the issuance of NIM Securities.

Examples of NIMS Insurer in a sentence

• The Agreement also permits the amendment thereof, in certain limited circumstances, without the consent of the Holders of any of the Certificates, but with the consent of the NIMS Insurer, if any.

• The Depositor, the Master Servicer, the Trustee, the NIMS Insurer, if any, and any agent of the Depositor, the Master Servicer, the Trustee or the NIMS Insurer, if any, may treat the Person in whose name this Certificate is registered as the owner hereof for all purposes, and neither the Depositor, the Master Servicer, the Trustee, the NIMS Insurer, if any, nor any such agent shall be affected by any notice to the contrary.

• Notwithstanding any provision herein to the contrary, the parties to this Agreement agree that it is appropriate, in furtherance of the intent of such parties as set forth herein, that the Trustee and the NIMS Insurer receive the benefit of the provisions of this Agreement as intended third party beneficiaries of this Agreement to the extent of such provisions.

• The Servicer shall keep appropriate records of such amounts and will provide such records to the Master Servicer and the NIMS Insurer upon request.

• No term or provision of this Agreement may be waived or modified unless such waiver or modification is in writing and signed by the party against whom such waiver or modification is sought to be enforced and is consented to by the NIMS Insurer.

More Definitions of NIMS Insurer

NIMS Insurer. As defined in the seventh RECITAL to this Agreement.

NIMS Insurer. Any of the one or more insurers, if any, that is guaranteeing certain payments under any NIM Notes; provided, that upon the payment in full of the NIM Notes, all rights of the NIMs Insurer hereunder shall terminate.

NIMS Insurer. As defined in the eleventh Recital to this Agreement. As of the Closing Date, there shall not be a NIMS Insurer. In the event a NIMS Insurer is engaged after the Closing Date, the Master Servicer shall promptly notify the Servicer as provided in Section 9.04 hereunder.

NIMS Insurer. A Person, or any of its successors that shall be the insurer under an insurance policy insuring certain payments on Insured NIM Notes, if any, provided, however, upon the occurrence of certain events (as set forth in the Indenture and/or any other agreement among such Person, the NIMS Issuer, the Master Servicer, the Trustee and/or other Persons), the NIMS Insurer shall be the Person designated in the Indenture or such other agreement. If none of the net interest margin securities have been issued by the NIMS Issuer, that are insured by an insurance policy, there shall be no NIMS Insurer under this Agreement, all references to the NIMS Insurer or Insured NIM Notes in this agreement are for administrative convenience only, shall be completely disregarded and no Person shall have any rights of the NIMS Insurer under this Agreement.

NIMS Insurer. Any insurer that is guaranteeing certain payments under notes issued by a trust, the principal assets of which include the Class C Certificates, the Class L Certificates and/or the Class P Certificates.

NIMS Insurer. Not applicable.

NIMS Insurer. Any of the one or more insurers that is guaranteeing certain payments under any NIM Notes.