Rights of the Insurer. Notwithstanding anything to the contrary in the Operative Agreements, without the prior written consent of the Insurer, the Owner Trustee shall not (i) remove a Servicer, (ii) initiate any claim, suit or proceeding by the Trust or compromise any claim, suit or proceeding brought by or against the Trust, other than with respect to the enforcement of any Mortgage Loan or any rights of the Trust thereunder or confess a judgment against the Trust, (iii) authorize the merger or consolidation of the Trust with or into any other statutory trust or other entity or convey or transfer all or substantially all of the Trust’s assets to any other Person, (iv) amend the Certificate of Trust or (v) amend this Agreement in accordance with Section 10.01 of this Agreement.
Rights of the Insurer. Notwithstanding anything to the contrary in the Transaction Documents, without the prior written consent of the Insurer so long as it is the Controlling Party, prior to the Termination Date, neither the Owner Trustee nor any Residual Interestholder shall (i) initiate any claim, suit or proceeding by the Issuer or compromise any claim, suit or proceeding brought by or against the Issuer, other than with respect to the enforcement of any Contract or any rights of the Issuer thereunder, (ii) authorize the merger or consolidation of the Issuer with or into any other statutory trust or other entity or convey or transfer all or substantially all of the Trust Estate to any other entity, (iii) amend the Certificate of Trust or (iv) amend this Agreement.
Rights of the Insurer. Notwithstanding anything to the contrary in the Basic Documents, without the prior written consent of the Insurer, the Owner Trustee shall not (i) remove the Servicer, (ii) initiate any claim, suit or proceeding by the Trust or compromise any claim, suit or proceeding brought by or against the Trust, other than with respect to the enforcement of any Mortgage Loan or any rights of the Trust thereunder, (iii) authorize the merger or consolidation of the Trust with or into any other business trust or other entity, (iv) amend the Certificate of Trust or (v) amend this Agreement in accordance with Section 12.1 of this Agreement.
Rights of the Insurer. All rights and remedies given in this Article to the Bondowners to pursue legal remedies shall also extend to the Insurer unless an Insurer Default (as defined in the Indenture) has occurred and is continuing.
Rights of the Insurer. 88 SECTION 10.14. NO PARTNERSHIP...............................................................................89 SECTION 10.15. PROTECTION OF ASSETS..........................................................................89 SCHEDULE I.................................................................................................I-1 SCHEDULE IIA.............................................................................................IIA-1 SCHEDULE IIB.............................................................................................IIB-1 SCHEDULE IIC.............................................................................................IIC-1 SCHEDULE IID.............................................................................................IID-1 SCHEDULE IIE.............................................................................................IIE-1 SCHEDULE IIX.............................................................................................IIX-1 SCHEDULE IIIA...........................................................................................IIIA-1 SCHEDULE IIIB...........................................................................................IIIB-1 SCHEDULE IIIC...........................................................................................IIIC-1 SCHEDULE IIID..........................................................................................III-D-1 SCHEDULE IIIE..........................................................................................III-E-1 SCHEDULE IV...............................................................................................IV-1 SCHEDULE V.................................................................................................V-1 SCHEDULE VI...............................................................................................VI-1 SCHEDULE VII.............................................................................................VII-1 EXHIBIT A-1..............................................................................................A-1-1 EXHIBIT A-2..............................................................................................A-2-1 EXHIBIT A-3 .............................................................................................A-3-1 EXHIBIT B-1..............................................................................................B-1-1 EXHIBIT B-2 .............................................
Rights of the Insurer. Notwithstanding anything to the contrary in the Basic Documents, without the prior written consent of the Insurer, the Owner Trustee shall not (i) remove the Servicer, (ii) initiate any claim, suit or proceeding by the Trust or compromise any claim, suit or proceeding brought by or against the Trust, other than with respect to the enforcement of any Mortgage Loan or any rights of the Trust thereunder or confess a judgement against the Trust, (iii) authorize the merger or consolidation of the Trust with or into any other statutory trust or other entity or convey or transfer all or substantially all of the Trust's assets to any other Person, (iv) amend the Certificate of Trust (unless such amendment is required to be filed under the Statutory Trust Statute) or (v) amend this Agreement in accordance with Section 12.1 of this Agreement.
Rights of the Insurer. 85 SECTION 10.14. NO PARTNERSHIP..........................................................85 SECTION 10.15.
Rights of the Insurer. 15.3.1 To check information provide by Insured;
Rights of the Insurer a) If ASISA becomes aware that the Policyhold- er/Beneficiary has failed to report information accurately or comprehensively, ASISA may terminate the contract within one month of discovering the facts.
