Surety Bond Issuer definition

Surety Bond Issuer. With respect to each Pledged Asset Mortgage Loan, the surety bond issuer for the related Surety Bond covering such Pledged Asset Mortgage Loan, as identified in the Purchase Price and Terms Letter.

Surety Bond Issuer means AMBAC Assurance Corporation or any successor thereto.

Surety Bond Issuer. AMBAC Assurance Corporation or its successors.

Examples of Surety Bond Issuer in a sentence

• The Servicer shall cause the prompt completion of any necessary documentation relating to the related Surety Bond and shall cause the prompt submission of such documentation to the related Surety Bond Issuer as a claim for a required surety.

• Purchaser acknowledges that the assignment of any or all of its rights under this Agreement without the consent of the Surety Bond Issuer may affect, impair or eliminate the insurance provided by the Surety Bond to the extent set forth therein.

• Purchaser may in no way publicly disclose the existence of the Surety Agreement without the express written consent of the Surety Bond Issuer, and notice to the Servicer.

• The Additional Collateral Servicer shall promptly complete the notice in the form of Attachment 1 to the Surety Bond and shall promptly submit such notice to the Surety Bond Issuer as a claim for a required surety.

• Anything to the contrary notwithstanding, in the event that the Surety Bond Issuer or the express terms of the Surety Bond requires such notice to be submitted directly by the Trustee, the Trustee shall submit such notice directly to the Surety Bond Issuer.

More Definitions of Surety Bond Issuer

Surety Bond Issuer. Either (a) Ambac Assurance Corporation, (f/k/a Ambac Indemnity Corporation) or any successor thereto, or (b) if so specified by the Servicer with respect to any Additional Collateral Mortgage Loans at the time of purchase thereof under the Purchase and Servicing Agreement, any other surety bond issuer specified by the Servicer.

Surety Bond Issuer means Ambac Assurance Corporation (f/k/a Ambac Indemnity Corporation), or any successor thereto.

Surety Bond Issuer means Capital Markets Assurance Corporation, a New York domiciled monoline stock insurance company.

Surety Bond Issuer. Ambac Assurance Corporation (f/k/a Ambac Indemnity Corporation) or any successor thereto.

Surety Bond Issuer means the Person specified as such in Section 6.1 of the Agreement.

Surety Bond Issuer means AMBAC Assurance Corp.

Surety Bond Issuer means the Credit Enhancement Agency, if any, selected by the Chairman or the Executive Director to provide Credit Enhancement for a portion of the Reserve Fund Requirement.