Common use of Surrender of Policy Clause in Contracts

Surrender of Policy. The Trustee shall surrender the Policy to the Insurer for cancellation upon the expiration of the Policy in accordance with the terms thereof.

Appears in 6 contracts

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Assignment and Servicing Agreement (Ikon Receivables LLC), Insurance Agreement (Ikon Receivables LLC)

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Surrender of Policy. The Trustee shall surrender the Policy to the Certificate Insurer for cancellation upon the its expiration of the Policy in accordance with the terms thereof.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (Securitized Asset Backed Receivables LLC), Pooling and Servicing Agreement (FCC Receivables Corp), Pooling and Servicing Agreement (Long Beach Holdings Corp)

Surrender of Policy. The Indenture Trustee shall surrender the Policy to the Insurer for cancellation upon the expiration of the such Policy in accordance with the terms thereof.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Ml Asset Backed Corp), Sale and Servicing Agreement (Painewebber Asset Acceptance Corp), Sale and Servicing Agreement (Ml Asset Backed Corp)

Surrender of Policy. The Indenture Trustee shall surrender the Policy to the Insurer for cancellation upon the expiration of the Policy in accordance with the terms thereofof the Policy.]

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Drive Auto Receivables LLC), Sale and Servicing Agreement (Drive Auto Receivables LLC), Sale and Servicing Agreement (Santander Drive Auto Receivables LLC)

Surrender of Policy. The Trustee shall surrender the ------------------- Policy to the Certificate Insurer for cancellation upon the its expiration of the Policy in accordance with the terms thereof.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Chevy Chase Bank FSB), Pooling and Servicing Agreement (Chevy Chase Bank FSB)

Surrender of Policy. The Trustee shall surrender the this Policy to the Insurer for cancellation upon the expiration of the Policy in accordance with the terms thereofterm of this Policy.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Residential Fundings Mortgage Sec Rfmsi Series 2004-S2 Trust), Pooling and Servicing Agreement (Residential Funding Mortgage Securities I Inc)

Surrender of Policy. The Indenture Trustee shall surrender ------------------- the Policy to the Insurer for cancellation upon the expiration of the such Policy in accordance with the terms thereof.

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Prudential Securities Secured Financing Corp), Sale and Servicing Agreement (Prudential Securities Secured Financing Corp)

Surrender of Policy. The Trustee shall surrender the Policy to the Insurer for cancellation upon the expiration of the Policy in accordance with the terms thereof.]

Appears in 2 contracts

Samples: Assignment and Servicing Agreement (Ikon Receivables LLC), Ikon Receivables Funding LLC

Surrender of Policy. The Owner Trustee shall surrender the Certificate Policy to the Insurer for cancellation upon the expiration of the Policy such policy in accordance with the terms thereof.

Appears in 1 contract

Samples: Sale and Servicing (Nationsfinancial Funding Corp)

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Surrender of Policy. The Trustee shall surrender the Policy to the Certificate Insurer for cancellation upon the its expiration of the Policy in accordance with the terms thereof.]

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Long Beach Acceptance Corp)

Surrender of Policy. The Trustee shall surrender the Certificate ------------------- Insurance Policy to the Insurer for cancellation upon the expiration of the Policy such policy in accordance with the terms thereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

Surrender of Policy. The Trustee shall surrender the ------------------- Certificate Insurance Policy to the Insurer for cancellation upon the expiration of the Policy such policy in accordance with the terms thereof.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Greenpoint Credit LLC)

Surrender of Policy. The Trustee shall promptly surrender the Policy to the Insurer for cancellation upon the expiration of the Policy in accordance with the terms thereof.

Appears in 1 contract

Samples: Indenture (Ikon Receivables Funding LLC)

Surrender of Policy. The Indenture Trustee shall surrender the Policy to the Insurer for cancellation upon the expiration of the Policy in accordance with the terms thereof.

Appears in 1 contract

Samples: Indenture (Prudential Securities Secured Financing Corp)

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