Financial Guaranty Insurance Policy definition

Financial Guaranty Insurance Policy shall have the meaning specified in Section 4.02(d).

Financial Guaranty Insurance Policy means an insurance policy providing a full financial guarantee of one or more Series of the Senior Trust Certificates.

Financial Guaranty Insurance Policy means the financial guaranty insurance policy issued by Ambac Assurance insuring the payment when due of the principal of and interest on the Insured Notes as provided therein.

Examples of Financial Guaranty Insurance Policy in a sentence

• Upon payment of all of such accelerated principal and interest accrued to the acceleration date as provided above, Ambac’s obligations under the Financial Guaranty Insurance Policy shall be fully discharged.

• Such notice shall be made on behalf of the Noteholders by the Trustee by delivery of a duly completed “Notice and Demand for Payment” in the form attached as Exhibit A to the Financial Guaranty Insurance Policy, duly executed by the Indenture Trustee.

• Any such notice shall be delivered by the Indenture Trustee to Ambac no later than 12:00 noon, New York City time, on the second Business Day preceding the related Interest Payment Date or Final Maturity Date as a claim for payment under the Financial Guaranty Insurance Policy provided that if such notice is received after 12:00 p.m., New York time, on such Business Day, it will be deemed to be received on the following Business Day.

• Party A hereby consents to the cancellation of the Financial Guaranty Insurance Policy of FSA (Policy No. [ ]) (the “FSA Policy”) with effect from the Amendment Effective Date, and irrevocably agrees that all of Party A’s rights in respect of the FSA Policy shall be irrevocably terminated and cancelled, and all of FSA’s duties and obligations thereunder, whether arising before, on or after the Amendment Effective Date, shall be deemed fully and finally released and discharged.

• The full and timely payment of regularly scheduled payments of principal and interest on the Series A Bonds is unconditionally and irrevocably guaranteed by XLCA pursuant to that certain Financial Guaranty Insurance Policy, dated as of June 18, 2002 (including the endorsement thereto, the "Policy"), between XLCA and the Original Trustee.

More Definitions of Financial Guaranty Insurance Policy

Financial Guaranty Insurance Policy. The Financial Guaranty Insurance Policy (No. 51793-N) with respect to the Insured Certificates, and all endorsements thereto dated the Closing Date, issued by the Certificate Insurer for the benefit of the Holders of the Insured Certificates, a copy of which is attached hereto as Exhibit Y.

Financial Guaranty Insurance Policy or “Note Guaranty Insurance Policy” means the financial guaranty insurance policy issued by Ambac insuring the payment when due of the principal of and interest on the Notes as and to the extent provided therein.

Financial Guaranty Insurance Policy. A financial guaranty policy issued by Ambac Assurance Corp. ("the Certificate Insurer"). Ambac will unconditionally and irrevocably guarantee the timely payment of interest and ultimate payment of principal on the Senior Certificates (i.e. after any losses reduce the Overcollateralization/Subordination to zero, Ambac will cover the excess, if any, of the current Senior Certificate Balance over the current Aggregate Pool Balance). The Insured Payments do not cover Realized Losses except to the extent that the aggregate principal balance of the Senior Certificates exceeds the Aggregate Pool Balance. Insured Payments do not cover the Master Servicer's failure to make Delinquency Advances except to the extent that a shortfall of interest due on the Senior Certificates would otherwise result therefrom. The Ambac Insurance Policy is not cancelable for any reason. The Ambac Insurance Policy is not covered by the property/casualty insurance security fund specified in Article 76 of the New York Insurance Law.

Financial Guaranty Insurance Policy. The Financial Guaranty Insurance Policy (No. 50574-N), dated March 26, 1997, including any endorsements thereto, issued by the Bond Insurer for the benefit of the Bondholders, pursuant to which the Bond Insurer guarantees payment of Insured Amounts. A copy of the Financial Guaranty Insurance Policy is attached hereto as Exhibit G.

Financial Guaranty Insurance Policy or "Policy" shall mean this Certificate Guaranty Insurance Policy together with each and every endorsement hereto.

Financial Guaranty Insurance Policy means the financial guaranty insurance policy issued by Ambac Assurance insuring the payment when due of the principal of and interest on the Bonds.

Financial Guaranty Insurance Policy means the financial guaranty insurance policy issued by the Insurer guaranteeing the scheduled payment of principal of and interest on the Series 2010B Bonds when due.