Impairment of Rights. The Seller and the Depositor shall not take any action, if such action will have a material adverse effect on the Insurer’s ability to enforce its rights under the Trust Agreement, or this Agreement; provided, however, that this Section 2.01 (m) shall not prohibit the Seller or the Depositor from taking any action it is required to take pursuant to the Transaction Documents, any applicable law or order of any court or regulatory authority with jurisdiction over the Seller, the Depositor, the Transaction Documents or the Certificates.
Appears in 6 contracts
Samples: Insurance Agreement (Structured Asset Securities Corp Mo Pa Th Ce Ser 2003-25xs), Insurance Agreement (Mortgage Pass-Through Certificates Ser 2003-18xs), Insurance Agreement (Structured Asset Sec Corp Mort Pas THR Certs Ser 2003 Bc10)
Impairment of Rights. The Seller and the Depositor shall not take any action, if such action will have a material adverse effect on the Insurer’s 's ability to enforce its rights under the Trust Agreement, or this Agreement; provided, however, that this Section 2.01 (m) shall not prohibit the Seller or the Depositor from taking any action it is required to take pursuant to the Transaction Documents, any applicable law or order of any court or regulatory authority with jurisdiction over the Seller, the Depositor, the Transaction Documents or the Certificates.
Appears in 3 contracts
Samples: Insurance Agreement (Amortizing Residential Collateral Trust, Series 2004-1), Insurance Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 01 1), Insurance Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 1999 1)
Impairment of Rights. The Seller and the Depositor shall not take any action, if such action will have a material adverse effect on the Insurer’s 's ability to enforce its rights under the Trust Agreement, Agreement or this Agreement; provided, however, that this Section 2.01 (m) shall not prohibit the Seller or the Depositor from taking any action it is required to take pursuant to the Transaction Documents, any applicable law or order of any court or regulatory authority with jurisdiction over the Seller, the Depositor, the Transaction Documents or the Certificates.
Appears in 1 contract
Samples: Insurance Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 1999-Bc1)
Impairment of Rights. The Each Seller and the Depositor shall not take any action, if such action will have a material adverse effect on the Insurer’s 's ability to enforce its rights under the Trust Agreement, or this Agreement; provided, however, that this Section 2.01 (m) shall not prohibit the either Seller or the Depositor from taking any action it is required to take pursuant to the Transaction Documents, any applicable law or order of any court or regulatory authority with jurisdiction over the either Seller, the Depositor, the Transaction Documents or the Certificates.
Appears in 1 contract
Samples: Insurance Agreement (Structured Asset Sec Corp Mmort Pass THR Cert Ser 2001-13)
