Common use of The Credit Enhancer Clause in Contracts

The Credit Enhancer. Any right conferred to the Credit Enhancer hereunder shall be suspended during any period in which the Credit Enhancer is in default in its payment obligations under the Insurance Policy, and its rights hereunder during

The Credit Enhancer. Any right conferred to the Credit Enhancer hereunder shall be suspended during any period in which the Credit Enhancer is in default in its payment obligations under the Insurance Policy. At such time as the Certificates are no longer outstanding under the Pooling and Servicing Agreement, and its no amounts owed to the Credit Enhancer with respect to the Certificates remain unpaid, the Credit Enhancer's rights hereunder duringshall terminate. The Credit Enhancer is an intended third-party beneficiary of this Agreement.

The Credit Enhancer. Any right conferred to the Credit Enhancer hereunder shall be suspended during any period in which the Credit Enhancer is in default in its payment obligations under the Insurance Policy. At such time as the Certificates are no longer outstanding under the Pooling and Servicing Agreement and no amounts owed to the Credit Enhancer with respect to the Certificates remain unpaid, and its the Credit Enhancer's rights hereunder duringshall terminate. The Credit Enhancer is an intended third-party beneficiary of this Agreement.

The Credit Enhancer. Any right conferred to the Credit Enhancer hereunder shall be suspended during any period in which the Credit Enhancer is in default in its payment obligations under the Insurance Policy, and its rights during such period shall vest in the Majority in Voting Interest of the Notes. At such time as the Notes are no longer outstanding under the Indenture and neither the Class ___ Certificates nor the Class ___ Certificates are outstanding under the Trust Agreement, and no amounts owed to the Credit Enhancer hereunder duringremain unpaid, the Credit Enhancer's rights hereunder shall terminate.