Policy Coverage. Party A and Party B hereby each acknowledge and agree that MBIA's obligation with respect to Insured Transactions shall be limited to the terms of the Swap Policy. Notwithstanding Section 2(e) or any other provision of this Agreement, MBIA shall not have any obligation to pay interest on any amount payable by Party B under this Agreement.
Appears in 2 contracts
Samples: Master Agreement (Novastar Mortgage Funding Corp), Master Agreement (Novastar Mortgage Funding Corp)
Policy Coverage. Party A Counterparty and Party B Capital One hereby each acknowledge and agree that MBIA's obligation with respect to Insured Transactions shall be limited to the terms of the Swap Policy. Notwithstanding Section 2(e) or any other provision of this Agreement, MBIA shall not have any obligation to pay interest on any amount payable by Party B Capital One under this Agreement.
Appears in 1 contract
Samples: Master Agreement (Capital One Auto Receivables Trust 2001-B)
Policy Coverage. Party A and Party B hereby each acknowledge and agree that MBIA's ’s obligation with respect to Insured Identified Transactions shall be limited to the terms of the Swap Policy. Notwithstanding Section 2(e) or any other provision of this Agreement, MBIA shall not have any obligation to pay interest on any amount payable by Party B under this Agreement.
Appears in 1 contract
Samples: Master Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar3)
