Policy Amount definition

Policy Amount on any Payment Date means:

Policy Amount means with respect to any Distribution Date:

Policy Amount means the amount shown in the Schedule which may be increased by inflation, as detailed in paragraph 6.2 of the Conditions.

Examples of Policy Amount in a sentence

• In the event amounts available for withdrawal from the Spread Account are insufficient to make payments relating to this Note and the other notes issued by the Issuer, the Indenture Trustee will draw on the Policy up to the Policy Amount to pay such deficiency.

• The Insurer is required pursuant to Section 10.03 and the terms of the Policy to pay the amount of such excess deficiency of Monthly Interest and Monthly Principal, up to the Policy Amount.

• The amount demanded by this notice does not exceed such Policy Amount.

• The Policy Amount, as specified to the Indenture Trustee by the Servicer, for such Distribution Date is $______.

• Notwithstanding the foregoing, upon and during the continuance of an Event of Default or a Trigger Event, the Required Spread Amount shall be equal to the Policy Amount as of such Payment Date, without giving effect to amounts on deposit in the Spread Account, after giving effect to any draws on the Policy, draws on the Spread Account and other distributions pursuant to Section 9.04 on such Payment Date.

More Definitions of Policy Amount

Policy Amount means, with respect to any Distribution Date, the sum of (a) in the case of the first Distribution Date, the initial aggregate principal amount of the Notes and the Certificates, or in the case of any Distribution Date thereafter, the aggregate principal amount of the Notes and the Certificates outstanding on the immediately preceding Distribution Date (after giving effect to the payments and distributions of principal on the Notes and the Certificates on such preceding Distribution Date), (b) the amount of interest payable in respect of the Notes and the Certificates on such Distribution Date and (c) the Servicing Fee payable on such Distribution Date.

Policy Amount means the amount for the Basic Plan at any time specified as such under Policy Schedule 1 or in any Policy Endorsement, subject to any adjustments that has taken place under provisions A16(c) or D5. It is used to determine the Guaranteed Cash Value and Special Bonus, if any, under the Basic Plan and accordingly the premium amounts required under the Policy.

Policy Amount means the amount shown in the Schedule and shall be deemed to be the lesser of the fair market value of the Strata Unit as at the Issue Date, or the Policy Amount as show in the Schedule.

Policy Amount means, with respect to any Distribution Date, the sum of (a) the outstanding principal amount of the Insured Obligations on such Distribution Date and (b) accrued and unpaid interest due on the Insured Obligations at the Class A Note Rate on such Distribution Date.

Policy Amount means in the case of any Distribution Date, the Net Swap ------------- Payment payable on such Distribution Date.

Policy Amount means, for any Distribution Date: -------------

Policy Amount has the meaning set forth in the Insurance Policy. -------------