Security Insurer definition

Security Insurer means Financial Security Assurance Inc., or its successor in interest.

Security Insurer means MBIA Insurance Corporation, or its successor in interest.

Security Insurer means Ambac Assurance Corporation, or its successor in interest.

Examples of Security Insurer in a sentence

• If no successor Owner Trustee shall have been so appointed and have accepted appointment within 30 days after the giving of such notice of resignation, the resigning Owner Trustee or the Security Insurer may petition any court of competent jurisdiction for the appointment of a successor Owner Trustee.

• The Trustee shall provide copies of such reports to the Security Insurer upon request.

• The Security Insurer and its successors and assigns shall be a third-party beneficiary to the provisions of this Indenture, and shall be entitled to rely upon and directly to enforce such provisions of this Indenture so long as no Insurer Default shall have occurred and be continuing.

• If the Depositor shall remove the Owner Trustee under the authority of the immediately preceding sentence, the Depositor shall promptly appoint a successor Owner Trustee by written instrument, in duplicate, one copy of which instrument shall be delivered to the outgoing Owner Trustee so removed, one copy to the Security Insurer and one copy to the successor Owner Trustee and payment of all fees owed to the outgoing Owner Trustee.

• If the Servicer shall not have joined in such appointment within 15 days after the receipt by it of a request so to do, the Owner Trustee subject, unless an Insurer Default shall have occurred and be continuing, to the approval of the Security Insurer (which approval shall not be unreasonably withheld) shall have the power to make such appointment.

More Definitions of Security Insurer

Security Insurer means MBIA Insurance Corporation, a stock insurance company incorporated under the laws of the State of New York, or any successor thereto, as issuer of the Note Policy.

Security Insurer. Financial Security Assurance Inc., or its successor in interest. SELLER: Arcadia Receivables Finance Corp., a Delaware corporation, or its successor in interest.

Security Insurer. Financial Security Assurance Inc., a monoline insurance company incorporated under the laws of the State of New York, or any successor thereto, as issuer of the Note Policy. SELLER: Arcadia Receivables Finance Corp., a Delaware corporation, or its successor in interest pursuant to Section 6.2. SERVICER: Arcadia Financial Ltd., its successor in interest pursuant to Section 8.2 or, after any termination of the Servicer upon a Servicer Termination Event, the Backup Servicer or any other successor Servicer.

Security Insurer. Financial Security Assurance Inc., a monoline insurance company incorporated under the laws of the State of New York, or any successor thereto, as issuer of the Policy.

Security Insurer means XL Capital Assurance Inc., or its successor in interest.

Security Insurer means [Insurer], or its successor in interest.

Security Insurer means each financial guaranty insurance company issuing a Security Policy, as specified in any Servicing Agreement.