Examples of NIM Insurer in a sentence
Each of the Sellers, the Master Servicer, the NIM Insurer and the Depositor are entitled to indemnification of certain expenses as described in this prospectus supplement under “ — Certain Matters Regarding the Master Servicer, the Depositor, the Sellers and the NIM Insurer”.Distributions General.
In making this argument, Ms. Jepson relies on section 10.01 of the PSA, which states that “[t]he Trustee, the Depositor, the Master Servicer and the Sellers with the consent of the NIM Insurer may … amend this Agreement, without the consent of the Certificateholders.”9 Ms. Jepson contends that if the Certifi‐ cateholders cannot amend the agreement, they cannot ratify ultra vires assignments.Upon closer inspection of the PSA, however, Ms. Jepson’s argument falls short.
Although the contract requires BNYM to give notice to the NIM Insurer, Plaintiffs do not base their claim on lack of notice to the NIM Insurer.
Amendment The Pooling and Servicing Agreement may be amended by the Depositor, the Master Servicer, the Sellers and the Trustee, with the consent of the NIM Insurer but without the consent of any of the certificateholders, for any of the purposes set forth under “The Agreements — Amendment” in the prospectus.
Amendment The Pooling and Servicing Agreement may be amended by the Depositor, the Master Servicer, the Sellers and the Trustee and the Co-Trustee, with the consent of the NIM Insurer but without the consent of any of the certificateholders, for any of the purposes set forth under “The Agreements — Amendment” in the prospectus.